Fastest Payout Casinos in Canada
You just won a substantial sum of money while playing one of your favorite online slots. So naturally, with the finest fast-paying casinos, you want to obtain your wins as soon as possible. Few things irritate a slot player more than waiting for their winnings to appear in their bank account.
Fast withdrawals are available at the most acceptable payout online casinos in Canada, and they might reach your account in minutes rather than days. In our comprehensive guide to fast payout casinos, we’ll tell you all you need to know about getting your money safely, securely, and swiftly.
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What is the procedure for cashing out at a rapid payout casino?
Withdrawing money from a rapid payout casino is easy and painless. The first step is to go to a fast-paying casino’s account or banking section and request a withdrawal. Then you’ll have to decide how much you want to withdraw and how you wish to withdraw it.
In most cases, you must withdraw using the same method to deposit. For example, if you deposited with a debit card, you’d have to start using the same card. When you’ve completed all relevant fields, click Cashout or Withdraw, and the withdrawal process will begin.
The online casino will next process your request, verifying details such as whether you’ve met all of the wagering criteria for a bonus. Finally, the casino will execute your withdrawal and deliver the funds to the account you specified once approved.
When it comes to processing withdrawal requests, the process may vary slightly from one online casino to the next, but most online casinos follow a similar routine. Consider the following factors that could speed up or slow down the payout/withdrawal process:
A period in which a payout is pending
In a perfect world, we’d win on our favorite online slots, be able to click the Cashout button, and have the money in our account within minutes. Unfortunately, it doesn’t usually happen that quickly. There is a payout pending time once you have submitted your withdrawal request.
While their banking team conducts the transaction, the funds will remain in your online casino account. Unfortunately, processing times can be as many as four days, which can be very annoying if you need your money right away.
However, many operators are picking up the pace and offering increasingly shorter payout waiting periods. For example, the best fast withdrawal casinos feature a short or no pending period and offer rapid withdrawals.
Modes of Payment
Whether you use a debit card, a money wallet, or a prepaid card to deposit to an online casino, the money will usually be credited to your account promptly (the main exception here is the wire transfer which can sometimes take a little longer).
Things aren’t quite so simple when it comes to withdrawals. Varying approaches usually imply different cashout times. First, we’ll look at the benefits and drawbacks of the most common online casino payment methods in this area.
Wallets for Money
Money wallet options, such as Skrill and NETeller, usually have the fastest withdrawal timeframes. However, it’s worth noting that if you make your first deposit using a money wallet, you won’t be eligible for a new player bonus.
Take, for example, the Sun Vegas Casino. For new players, they are offering a 100% welcome bonus of up to C$300. However, if you make your initial deposit with Skrill or NETeller, you will not be eligible for the prize. For further deposits, money wallets are generally sufficient. After that, you can utilize this way to make quick withdrawals from your online casino account.
PayPal: This popular payment method for eBay sales is now available at many Canada-facing casinos. It provides the convenience and ease of using money wallets, and in many situations, players are still eligible for welcome bonus offers.
MuchBetter: this smartphone software allows users to make secure deposits and withdrawals. It’s not nearly as fast as money wallets, but it still beats debit cards.
There are no costs associated with withdrawing money from an online casino in most circumstances. However, a small percentage of casinos charge a fee, so it’s always worth reading the fine print when picking which casino to play at and which withdrawal method to use. For example, withdrawals of more than C$100 are subject to a 1% fee up to a maximum of C$10 at Mr. Green Casino.
Want to know Why Is Having Fast Payout Casinos So Important? Why should you focus not only on bonuses and an number of games when choosing a casino? Click on the link, and the truth will be revealed to you.
Payment Methods to Avoid
Most online casinos provide a wide range of options when it comes to banking. You do not need to carry a money wallet. The other options are fine if a rapid withdrawal casino isn’t top of your priority list. If you desire immediate withdrawal payouts, you should usually avoid the following payment options.
Debit Cards: Cashing out is often slower than with a money wallet with a debit card. Money typically arrives in your bank account within 1 to 3 business days after being accepted. If you make your first deposit with a debit card, you’ll have no trouble taking advantage of a new player incentive.
Bank Transfers: This is the most time-consuming way of withdrawal. Depending on the bank and online casino, a wire transfer withdrawal can take anywhere from 1 to 7 days to execute. Some casinos, such as Grosvenor Casino, offer lightning-fast withdrawals. Payouts might take as low as 3 hours if you have an account with one of the participating institutions.
Prepaid Cards: Prepaid cards, such as Paysafecard, are becoming more popular for funding online casino accounts. However, they aren’t the best solution for withdrawals. If you deposit with a prepaid card, you’ll almost always withdraw by bank transfer, which, as we’ve seen, isn’t the fastest option.
Minimum and Maximum Withdrawal Amounts
The minimum amount you can withdraw varies from online casino to online casino. However, it usually falls between C$10 and C$20.
The maximum withdrawal amount is the most crucial element to consider. There are limits on how much you can withdraw in a week or a single transaction at some online casinos. But, again, this varies by location, so check the terms and conditions carefully before deciding where to play.
If you do land a big win, the maximum withdrawal restrictions can have a significant impact. For example, assume you hit the massive 150,000 x stake jackpot on the San Quentin slot machine. Assume the online casino you were playing at had a withdrawal limit of C$5,000 per week.
That would be a situation that is far from ideal.
Verification of Accounts
We only recommend online casinos approved by the Alcohol and Gaming Commission of Ontario at Online Slots Pascaline. These casinos must follow AGCO rules and regulations, with Account Verification being one of the most critical when it comes to player safety and security.
An online casino must verify that you are who you say you are before you can make a withdrawal. This is done to prevent underage gambling and money laundering.
Casinos may be able to accomplish this automatically in some circumstances. However, you may be required to verify your identity on occasion. This is usually a relatively straightforward procedure. You’ll need to provide a photo ID, such as a driver’s license or passport, and proof of address, such as a recent utility bill or bank statement. The majority of online casinos feature a dedicated server for uploading identification documents.
The operation can take up to 48 hours to complete. However, it is usually completed considerably faster. You will be able to request immediate withdrawals once the verification procedure has been confirmed. However, you won’t be able to cash out until you’ve verified your identity.
Cashouts on weekends
If you get a massive win on a Saturday and want to cash out right away, you don’t want to wait until Monday morning. Weekend cashouts are available at the most excellent rapid withdrawal casinos.
At all online casinos, this is not possible. We’ll include whether or not a casino allows weekend withdrawals in our casino evaluations. Given that weekends are one of the most popular times for online casino play, processing cashouts on Saturdays and Sundays, and weekdays should be standard practice.
Restrict Withdrawals
This handy tool allows players to lock their withdrawal so that it cannot be retrieved and is safely stored away from temptation. Let’s have a look at an example.
Assume you received a hefty payday and requested a withdrawal. The money is subsequently sent to the casino’s pending payout tray. So far, everything has gone according to plan. However, the pending timescales, as we’ve seen, might vary. With the money in the pending tray, it can be tempting to go back in and play with the funds you had intended to remove.
The Lock Withdrawal feature accomplishes precisely what it claims. It secures the withdrawal and prevents you from accessing it. The money will be delivered to your chosen account method if the exit goes through.
You may have to request this option at some casinos. Others will do it for you automatically. The Lock Withdrawal function at Rizk Casino is a good illustration of this, as it allows users to protect their withdrawals while also removing the temptation to play with them. SlotsMillion Casino is another option.
Reverse Withdrawals
The Reverse Withdrawal is the polar opposite of the Lock Withdrawal. Players can use this feature to cancel a withdrawal request. The cashout is canceled, and the funds are returned to the player’s online casino account, where they can be used to play again.
Reverse withdrawals have been on the Canandian regulator’s radar for some time, and they will be illegal starting in October 2021. This is what they had to say about it:
“For all online gambling, the Commission has also imposed a permanent prohibition on reverse withdrawals, which formerly permitted customers to re-gamble money they had sought to withdraw.”
VIP/Loyalty Programs
When it comes to online casino fast payouts, you’d think that all players would be treated equally. But unfortunately, several people are more equal than others in most aspects of life, which is also true at some online casinos.
Members of the casino VIP or Loyalty Program in the highest echelons of the VIP food chain may be eligible for faster withdrawals than players lower down the VIP food chain at some sites.
This varies from site to site, as it always does, and that’s something we attempt to mention in our casino evaluations. Another area that the Canandian gaming authority is looking into is VIP programs. You should look for an online casino that makes quick withdrawals a standard feature, not just for high rollers.
Betting shops/online bookmakers
When you play at an online casino linked to a physical casino or bookmaker, you’ll typically have a second option for getting quick payouts. In many circumstances, you have the option of cashing out at the operator’s live casino. For example, most sports bets are settled as soon as the event is over. Cashouts from other portions of the bookmaker’s or casino’s online arm are the same.
Take, for example, Paddy Power. When you visit one of Paddy Power’s high street betting shops, you can request that your wins from your online account be paid out to a Paddy Power CashCard+. Other bookies and casinos combine their live and online activities similarly (like Coral and William Hill).
What can I do to speed up my withdrawals?
When it comes to obtaining your wins as soon as possible, you have a few options. First, you’ll want to play at a casino that pays out quickly. The following suggestions will assist you in receiving payment quickly:
When you request a withdrawal, look for a casino with a short or no pending period. Choose a payment mechanism that allows for quick cashouts, such as money wallets or PayPal. Check the maximum cashout amounts twice (and minimum deposit amount). You don’t want to be caught off guard and have to make numerous withdrawals when competing services let you withdraw the same amount in one go. Next, check the status of your account. Ensure you have all of the necessary documentation available to expedite the verification process. Automatic verification is the ideal circumstance for the casino. If you live near an online casino with a physical location, such as a bookmaker or casino, see if they provide on-site withdrawals.
If quick cashouts are a priority, you should play the slots with the highest RTP rates. On average, these games reward you more. The better the payback, the closer it is to 100 percent.
FAQs
What factors influence the speed with which I receive my payment?
Several things usually determine the pace with which you withdraw. The casino’s pending payment length and the withdrawal method you use are the two most important factors. The money wallet you choose can have a significant impact on the latter.
Which way of withdrawal is the quickest?
Money wallets such as Skrill, NETeller, and PayPal provide the fastest payouts. In addition, withdrawals are frequently processed immediately once the casino has accepted them.
Is it safe to play at a casino that pays out quickly?
The Alcohol and Gaming Commission of Ontario regulates casinos and has several restrictions to safeguard players. If you play at one of these sites, you can rest assured that your withdrawals will be safe and secure. Check out the fastest-paying casinos in Canada.
How can I make my withdrawals go faster?
Using a money wallet to make withdrawals will speed up the process. Make sure you’ve validated your account as well to avoid any delays.
What is the procedure for verifying my casino account?
An online casino will attempt to authenticate your account in many circumstances automatically. If that isn’t possible, you’ll most likely need to provide scans of a photo ID, such as a driver’s license and proof of your address. The procedure takes 48 hours to finish. However, it is usually faster.
Is there a charge for quicker casino payouts?
In most cases, faster casino payments are no more expensive than ordinary cashouts. However, fees vary by casino, so read our comprehensive casino evaluations to determine who charges what and how.
Is it possible to withdraw funds using a different payment method than I used to deposit?
If you deposit using one method, you must generally withdraw using the same method. However, there are certain exceptions. For example, if you deposit with a voucher-like Paysafecard, you’ll almost always have to withdraw via bank transfer.
Is it true that VIP gamers get quicker withdrawals?
Faster cashouts are one of the perks of becoming a VIP at several online casinos. This changes by location, so double-check before joining up.