Fast Paying Casinos
All Players want to be paid quickly and efficiently - It is a No-Brainer!
Part of the process when choosing an online casino to join and play at is by assessing whether they are the right fit for you, with one of the main criteria for most players, in ascertaining how fast they pay and how quick casino withdrawals are process.
In our casino comparison which are featured on our casino reviews index and also on our dedicated casino software pages, we enable visitors to Casino Gazette to list each recommended casino by a variety of criteria, including how fast online casinos are at paying out withdrawals, after they have been requested by a player.
This to us is just as important as to what licensing jurisdiction and base where the casino operates from and by which authority they are regulated by.
When you make a deposit at an online casino, the process is seamless and accordingly occurs quickly, meaning funds are ready and waiting to be used at the casino as soon as you confirm the amount you wish to deposit. So why can’t the withdrawal process mirror the deposit process?
Verification of Game Play
If you hit a big win, which is usually around £1,000 or more and enact a withdrawal, the casino quite rightly checks the game play logs of the slot or casino game that you were playing, to ensure the winnings you are requesting are legitimate and not caused by a software error. This is quite a normal procedure and admittedly can take some time.
Know Your Customer
The Know Your Customer process should now take place at any Gambling Commission licensed casino as soon as you open up an account, prior to your first deposit and receipt of any first deposit match bonus on offer. Changes to the LCCP ( Licence Conditions and Code of Practice ) which came into force on 7th May earlier this year, require operators to now do this. Previously the KYC would normally only take place after the submission of a player’s first withdrawal.
Withdrawal Pending Approval
Many online casinos only start looking at a withdrawal from a casino after a certain time period has elapsed, further slowing up your cash out. It is not uncommon for many online casinos to wait for between 24 hours and 48 hours with your withdrawal request being held in pending. Casino Gazette highlights the pending period operated by each casino that we recommend. So as players can make an informed decision.
Reverse Withdrawals
Closely linked with withdrawals pending approval, the reverse withdrawal is a method used by casinos to tempt players to do exactly that, reverse the action of withdrawing their funds, thus playing it back at the casino. In most cases by reversing any withdrawals, the player goes on to lose any funds that initially they wanted to cash out.
Back in May this year due to the ongoing Coronavirus Covid-19 Pandemic, the UK’s Gambling Commission suspended the use of reverse withdrawals from all their licensed operators.
Fast Paying Casinos – Summary
All these methods listed above can and do add time to the withdrawal process. To help players we list as mentioned on our casino review pages and also our casino software pages, the fast paying casinos. Which can be sorted in cash out time.
Hopefully you will find the information on this pages and the pages we link to on Casino Gazette of use and in turn ensure that you get your casino withdrawals as quickly as possible.
