- Title:Instant withdrawal casinos
- Created at: 22 June 2021
Fast withdrawal casinos have risen in popularity owing to the fact that gambling customers are becoming increasingly frustrated at having to wait a number of days for their cash. Their winnings after all, are completely theirs.
Recent studies by stakeholders in the industry have shown that as many as 94% of all players want instant access to their winnings and now casinos are beginning to take notice.
In an era during which complaints about gambling companies have gone up 5000% in the UK in just five years, online casinos are pulling more tricks out of the bag in order to keep their players happy.
To be considered as a fast withdrawal casino, firms need to really be paying out their players the same day, but in order to win the race to be considered the best instant withdrawal casino some companies are paying out instantly and with a host of payment methods being used with high-speed internet, this is surely the future of the business.
Picking the right currency and method are crucial when finalising your chosen instant withdrawal casino, so take a close look at what your provider is offering. It generally makes sense to use a digital wallet for example rather than a credit or debit card but we have more detailed information on this in the following sections.
As soon as you have funds available in your account due to a win, they will show as available in your wallet. From there you can request a withdrawal with your casino paying you via the same method you deposited with, which is standard practice.
When you deposit or withdraw money to and from an online casino, you may experience what is known as a ‘know your customer’ process, or KYC. This is essentially a requirement where your casino is obliged to ask you to provide them documented information to confirm exactly who you are.
Any failure to provide this information means you risk having your account closed without receiving your funds, which is something they are allowed to do based on anti-money laundering initiatives. In order to receive the best online casino fast payout you should fully adhere to these requests, along with providing your real name, address, contact number and email.
Vendor processing time can take into account many factors including the speed of any third parties involved, so even the best fast withdrawal casinos have a few hills to climb to be able to offer the 1 – 24-hour payouts more and more people are demanding these days.
Some casinos also run a ‘withdrawal lock’ system, allowing you to lock your withdrawal so that it cannot be reversed. Such a scheme is good for players who regularly reverse their withdrawals and end up losing their winnings. This not being a problem with fast paying casinos is something that can benefit the industry as a whole, given that problem gambling is a political hot potato right now.
The more people who can get their winnings instantly and not be tempted to gamble them back, the better.