Being able to procure your winnings in a timely manner is what makes or breaks a good online casino. For many players in the United Kingdom, the withdrawal times are a key factor when making a decision on which online casino website reigns supreme. On this page we will go over which online casino pay out the fastest, which withdrawal methods to use, and how to seamlessly pass the KYC checks.
Not all banking options are created equal, especially when it comes down to payout speed. For example, credit cards, bank transfer and courier checks are notoriously slow when it comes down to withdrawing your winnings.
While some online casinos are able to payout faster than others, they cannot perform miracles. Withdrawal methods are still tied to their standard payout times, depending on the selected payment method. The payout time is calculated from the moment a withdraw in requested up to when the funds appear in the requestee’s account. Please note that VIP players enjoy faster withdrawal times than regular players.
The payment department of our fastest paying online casinos aim to process all withdrawal requests within the space of 2 to 24 hours. Additional waiting times can occur from the payment provider’s side.
PayPal is by far one of the preferred withdrawal methods by UK casino players. If you have verified your PayPal account as well as your casino account, you can expect to see your winnings within 2 and 24 hours. PayPal is well known for its high security and ease of use.
The downside of withdrawing using PayPal is that the payment provider does impose low withdrawal limits depending on your account type. Withdrawal limits for PayPal are between £2,500 and £10,000 per transaction. So, if you manage to win big, cashing out all your funds needs to be done in separate transactions. Also note that PayPal imposes a fee of 3.4% on withdrawals of £1,500 and under and a fee of 2.9% of withdrawals over £1,500.
While the banking options mentioned above are all available for mobile casino players, there are a couple of withdrawal methods specifically designed for the use of smartphones and tablets. It is well known that mobile-only payment providers such as Boku do not give players the option to withdraw, only to deposit. The same goes for Pay by Phone options. So, what do you do in this case?
If you are an avid mobile gambler, we highly recommend using MuchBetter or other e-wallets such as Neteller or Skrill. These banking methods come with neatly designed mobile apps, which allow you to check your balance on the go. Alternately, Trustly is a reliable mobile withdrawal option thanks to its world-class security and mobile app. Since Trustly is verified through a person’s bank account, withdrawing your funds can take as fast as 24 hours.
Here at CasinoGuide we have the safety of our players at heart. The last thing we want is for you to end up playing at an unreputable online casino that doesn’t pay their winners. In order to ensure that you’re playing at a casino site that actually pays their customers, we can give you some tips and guidelines. Of course, to make your life easier, we have compiled a list of the fastest paying online casinos at the top of this page.
Licensing: The first thing you should look for when establishing whether the casino is going to payout is licensing. If the website is backed by a strong regulatory body, you can be assured that your winnings will be paid out just fine. If the online casino fails to comply, they either risk heavy fines or having their license revoked entirely. UK-licensed online casinos have it in their own best interest to pay their customers on time, or risk losing their business. Always look for online casino that are licensed by the UK Gambling Commission if you’re a resident of the United Kingdom. We do not recommend playing at unlicensed casinos, no matter how attractive they make their bonuses out to be.
Credible banking options: Look for online casinos that offer credible banking options such as direct bank transfer, PayPal, Visa and Mastercard, and e-wallets such as MuchBetter, Neteller and Skrill. Should something go wrong with your withdrawal, you may always contact the customer care helpline of the payment provider in order to rectify the issue. Using cryptocurrency as a payment option is fine, as long as you’re playing at a reputable online casino.
KYC Checks: If an online casino has every player pass a KYC check, you can be assured that they take their online security seriously. The casino will ask the player to provide a proof of identity and income in order to combat anti-money laundering, as is required by the UKGC.
Payment and Customer support: While rare, some players may experience delays when withdrawing your funds or the payment request may bounce for whatever reason. If the online casino has a professionally trained payment support team, it makes it much easier for the player to resolve the issue. It also adds an extra sense of security knowing you can always fall back on a helpful support representative should you face any issues with your payment.
No customer complaints: If an online casino has numerous unresolved complaints regarding late or no payments, it’s best to steer clear of such a website. You might think, “that won’t happen to me”, but it’s better to heed the experience of fellow gamblers. Mistakes happen and every online casino will have a negative review by a customer who’s money arrived late but a large number of unresolved complaints are never a good sign.
Consistency: Consistency is key when it comes to fast withdrawals, an online casino is only fast as its last processed withdrawal.
Yes, if the online casino asks for your personal documents in order to complete your withdrawal, you will need to complete the KYC procedure. The abbreviation KYC stands for “Know Your Customer”. It doesn’t mean that the casino wants to get to know you better in the literal sense, but it means that the casino takes the effort to verify your identity. All online casinos licensed by the UK Gambling Commission have a regulatory obligation to make sure the person’s account details match the person’s identity as only one account can be opened in that name. An online casino also imposes a KYC check for risk management purposes; i.e. whether the money that is being withdrawn goes to the right person and to limit bonus abuse.
Online casinos try their best to make the KYC process as smooth as possible for their player base. While some people might find the process tedious, the KYC process only needs to be completed once. Online casinos usually ask for the following documents:
When uploading your documents, you can either send them directly to the casino via the provided email address or upload them on your personal account. Verification of your documents can take up to 72 hours, depending on volume. Once completed, you will receive an email confirming everything is in good order and you can proceed to withdrawing your funds.
Please note: Some online casinos state that they need their customers to complete the KYC process after the first request within 180 days or their funds will be removed.
CasinoGuide strongly advises against playing at online casinos that do not enforce a KYC check. Security, safety and fairness should be an online casino’s top priority above anything else. If an online casino flaunts compliance rules, we cannot guarantee the casino will offer a safe environment for their players. Not imposing a KYC check might also be a sign the online casino in questions has other underlying issues. It is better to steer clear of online casinos that might come across as dodgy or simply unreliable.
On this website you will find online casinos with an impeccable reputation that keep the safety of their players in high regard. However, if you have been out surfing the web, you might have come across other online casino sites that are not advertised on our website. CasinoGuide would like to inform its visitors of online casinos that have been flagged due to payment issues. These websites either pay out notoriously slow or flat our refuse to pay their players.
The processing time of your withdrawal request varies from payment method to payment method. Debit card withdrawals can range from anywhere between 1 to 5 business days, e-wallet options may take between 24 hours and 3 days, bank transfer requests can take between 3 and 7 business days. In order to speed up the withdrawal process, we strongly advise use to use the same payment method you used to deposit, as well as complete the KYC check.
There are no fees attached to the speed of a withdrawal, as in; you don’t have to pay a fee in order to receive your withdrawal faster. This is because every withdrawal method is tied to its standard processing time. However, withdrawal methods such as PayPal or debit cards may charge a small fee up to 2.5% for using their services. There will be no fees from the casino’s side unless otherwise stated.
Yes, we strongly advise players to use the same payment method that was used to deposit. This is because the source of the person’s income has been verified through the deposit so withdrawing back to the same source is no problem. Due to strict anti-money laundering regulations, it would take longer to withdraw to an unverified source, such as a Neteller or Skrill account, if the player never used this payment method before.
Every payment option comes with certain limits, some higher than others. Bank Transfers usually have the highest withdrawal limit, and e-wallets or temporary debit cards have the lowest limit. The limits are set in order to combat money laundering practices. Withdrawing to a bank account is the safest method but can take up to 7 days. E-wallets have a low withdrawal limit because it’s hard for the online casino to trace where the money is being withdrawn to.
A general rule of thumb is: the safer the withdrawal method, the longer it will take. This is because for bank transfers, the request needs to be processed by the casino’s payments department and your own bank before the funds can be cleared.
If your withdrawal is taking longer than specified by the online casino, it is best to contact their customer support helpline through live chat, email or phone. They can review the withdrawal request and find out why it is still pending. Either they have had a large volume of withdrawal requests or something went wrong from the payment provider’s side.
Yes, many online casinos offer faster withdrawals as part of their VIP scheme. A VIP player has a dedicated account manager assigned to them, who helps them directly with any queries and is in charge of processing any withdrawal requests. VIP players can proclaim their winnings in a matter of hours, whilst also enjoying higher withdrawal limits.
