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Same Day Payout - What It Means To Players
Online casinos have taken the gambling industry by storm. Compared to their brick-and-mortar counterparts, these casinos offer more in terms of games. The odds are also relatively better, not to mention the convenience and flexibility that they offer. However, one area that most online casinos have fallen short is the payouts.
While you can approach the cashier’s window and exchange your chips for cash instantly, you obviously can’t do the same in an online casino. In the latter, you’ll need to submit a withdrawal request, which will then be reviewed and approved after a while. Therefore, it is neither fast nor straightforward with online gambling venues. Luckily, instant withdrawal casinos solve this problem.
Instant payout casinos process withdrawal requests on the same day. This doesn’t necessarily mean that the money will appear in your bank account immediately. While the casino can pay out the same day, your bank or card provider must perform some verification checks for the transfer to complete.
There are a few notable exceptions. Some cryptocurrency casinos process withdrawal requests on the same day. Bitcoin and Altcoin transactions are pier to pier and not transacted through an intermediary. If a Bitcoin casino processes same-day withdrawal requests, it might then be possible to have winnings in your wallet the same day you apply.
Why Play At a Fast Payout Casino?
While the speed at which you receive your winnings depends on the payment method chosen, the casino itself plays a crucial role. The process starts with the casino approving the cash-out. If there are delays at this stage, the overall withdrawal timeframe will be affected. Same-day payout casinos process payout requests within 24 hours. If you’re using a fast payout withdrawal method, you can even receive your money the same day. Below are a few reasons to play at an instant payout casino:
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Fast payments - Instant withdrawal casinos process cash-out requests quickly. Some have even automated the process so that players with verified casino accounts get their winnings instantly. That way, you get hold of your money fast.
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Great payout rates - Often, fast withdrawal casinos have high payout rates. They don’t charge high withdrawal costs, and neither do they have hidden costs. In some, you can even cash out the same amount you won.
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Reliable customer support - Same-day payout casinos aim to make everything swift. You not only get fast payouts but also swift customer service. Their support agents are usually fast, friendly, professional and generally reliable.
The Fastest Casino Payout Methods
The following services offer the fastest transactions:
Crypto Wallets
Players that use cryptocurrency wallets to make payments and withdrawals typically enjoy significantly faster transactions. Users can also benefit from anonymous payments and lower than average transaction fees. Cryptos with the fastest payouts include:
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Bitcoin
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Ethereum
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Litecoin
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Dogecoin
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Tether
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Binance Coin
PayPal
Using the PayPal E-Wallet is one of the fastest and most efficient ways to make deposits and withdrawals at an online casino. Transactions are relatively instant, which is excellent news. But while it is in your control, you will still have to transfer funds deposited to your regular bank account if you are planning to cash out entirely. In some countries, you can withdraw money to a mobile money wallet.
Skrill and Neteller E-wallets
E-Wallets such as Skrill and Neteller are very popular ways to deposit and withdraw from an online casino. They offer multiple benefits, including super fast and secure withdrawals. They may advertise same-day withdrawal, but you should allow 24 hrs as standard, plus the time it takes for the casino to process the withdrawal request.
Instadebit, Paysafe and Trustly
There are many other E-wallet type payment solutions accepted by online casinos, and they all have unique advantages and drawbacks. Like the options listed above, payment solutions such as Instadebit, Paysafe and Trustly can also offer speedy withdrawals. However, they are not available in every country.
How to Withdraw Faster - Step by Step
Cash withdrawal times can vary significantly between different casinos. Sometimes it can take days to process, plus days to clear through the payment method used. Online casinos don’t have that kind of luxury. Long withdrawal delays are simply not acceptable. You don't have to settle for substandard when it comes to withdrawing your winnings. That's why we have put together this guide to help you understand what is meant by 'Same Day Payouts', how they work, and what you can do to ensure you receive winnings fast.
To cash out faster, follow these simple steps:
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Choose an instant withdrawal casino - From our list of recommended fast payout casinos, pick one that suits you best.
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Open an account and verify your details - Locate the sign-up button and register for an account. For instant cash-outs, you need to verify the account. Most casinos will only need a copy of your ID/passport, driver’s license, and a utility bill to verify your home address.
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Choose a fast-paying deposit method - For instant withdrawals, pick a fast-payout payment method. We’ve listed some of them above, so choose one that suits you best.
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Play, win and request a payout - Play your favorite games, accrue enough winnings and make a cash-out request by visiting the casino’s cashier page. Make sure to withdraw via the same payment method you used for deposits. By so doing, you’ll avoid extra verifications that can delay the entire process.
Top 6 Reasons for Payout Delays
Casino withdrawals can delay for any of the following reasons:
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Too many withdrawal requests - In case a casino receives an overwhelming number of payout requests, approvals may be slow hence delaying the payout. Sometimes, the casinos have to check every player’s verification status, which delays the process further.
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Unverified accounts - Before requesting a withdrawal, make sure your account is verified. This includes submitting all the requested documents. If you don’t, delayed payouts are inevitable.
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Different withdrawal and deposit methods - For fast payouts, always use the same banking option for both deposits and withdrawals. Using different methods calls for extra verifications which can delay the payout.
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Wrong or incomplete payment details - If your wallet address or bank account number is incorrect, the payment won’t go through. You’ll need to re-enter the details again, correctly. This will slow down the withdrawal process.
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The use of VPN services - Sometimes you may want to access a casino from a restricted country. You’ll therefore need a VPN service to mask your IP address, which in turn hides your geographical location. In case a casino detects VPN usage, they may withhold your payout, suspend your account or even close it permanently.
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Large withdrawal amounts - It is not entirely uncommon for online casinos to have different withdrawal policies depending on the amount requested. Generally speaking, large cash-outs of several thousand currency units or more may be subject to greater scrutiny and more security measures. The need to present additional identification to withdraw a large sum of money will slow the process down, especially if you are not in the habit of making large deposits. High-rollers and VIP customers may not be affected by this. Most casinos will give them priority, even when it comes to making large withdrawals.
Final Words
The iGaming space is exploding, with new gaming sites launching every year. In such a competitive market, every casino is working pretty hard to gain your patronage as a gambler. They are all trying to find an angle to make their services more appealing. Because of this necessity, many casinos have started speeding up their withdrawal times. You no longer have to wait for weeks to receive your winnings, thanks to same-day payout casinos.
Remember that in casino terms, same-day payouts generally mean same-day processing. If your payment method states same-day withdrawals, that can often mean within 24 hours. Ultimately, try to aim for cash withdrawals to be in your account within 48 hours from the time a request is made.