Long online casino payout times can be a pain. As avid real money casino slots players, we want our money yesterday! Especially, if we had a nice win on a slot machine online. It’s great that you can deposit in a matter of seconds.
Why can’t you withdraw your money fast as well? Why do payouts sometimes have to take several business days before the casino clears them? Or even up to a week? In this article, we’ll give you a few tips on how to shorten your online payout time!
The most important thing you need to know which payout methods casinos USA online offer. The best casino site covers a variety of banking methods. That includes fiat banking methods and cryptocurrency banking methods. Each method comes with a different payout time.
Fiat banking payout methods include debit cards, credit cards, cheques, bank wires, and e-wallets. Bank wires and cheques are the slowest by far. They tend to take more than a couple of business days and sometimes even more than a week. They come with hefty fees at some American casino sites. Therefore, they aren’t ideal for low rollers. Even worse, they come with low payout minimums, so low rollers might not be able to use them at all!
Credit cards and debit cards are quicker for payouts. Payouts to those take a couple of business days. You can then spend it straight away through the same card, which is convenient.
E-wallet payouts can take as little as minutes and they rarely take more than a few hours. PayPal payouts are the most common at USA online casinos, though most don’t offer them, which is disappointing.
Cryptocurrency payouts are quick and the top U.S casinos online can send you Bitcoin in minutes. Then, it’ll be up to the cryptocurrency network to process the transaction. That can mean minutes in the ideal case and maybe up to a day. You’ll get something in the middle, most of the time, so a few hours at most.
When you first request a payout from an online casino, the casino conducts a KYC check. That’s short for a know-your-customer check and most online casinos will force you to go through it. In short, you’ll have to send personal documents to confirm your identity.
It’s a standard procedure and you’ll have to send the documents by e-mail. Alternatively, you can upload them to the online casino’s website. You can scan them, but you can also take a picture of them with your mobile phone. The latter is the more convenient method for most online casino fans these days.
Once you send the requested documents, the online casino will have to process them. Some online casinos need a few hours, while some will take days. A single business day is a reasonable average. That’s unless you contact customer support directly. As such you go through the process even before you request your first payout!
Cryptocurrencies are still relatively new, but almost all online casinos in the USA accept at least one. That’s Bitcoin, though you’ll find some sites that also accept Litecoin, Ethereum, or XRP. They are quick, but are they easy to use?
Even if you’ve never had a chance to work with a cryptocurrency. You should be able to learn everything in a couple of hours. Casinos that accept Americans have their own tutorials, which makes things easy. You then need to set up a Bitcoin address for yourself, so that you have somewhere to withdraw to.
The two main options are software wallets and cryptocurrency exchanges. Software wallets are ideal for players that want to play in Bitcoin. They are easy to use, completely secure, and offer a degree of anonymity. You don’t have to register anywhere and share your personal details with any third party.
Cryptocurrency exchanges are ideal for casino fans that need fiat currency. And, perhaps trade cryptocurrencies for profit as well. Setting up a new account takes time and effort, though. You’ll also need to enter your personal details, which is something you might not be comfortable with.
The bonus perks and ease of use more they outweigh that for most. You can combine the two options as well if you want to go full pro. Have the Bitcoin you want to use on an exchange. Bear in mind, use a wallet that offers you a cold storage facility as well.
Let’s imagine that you’d like to get the quickest payout possible at a USA online casino. How would you do that if you’d want to purchase something quickly?
The two quickest options are e-wallet and cryptocurrency payouts. At the right casinos, the operator will pay your casino winnings within 48 hours. You can then use your e-wallet to pay online directly; that’s where the method has an edge.
The issue is that most internet gambling sites don’t offer e-wallet payouts. This where Bitcoin comes to the rescue and you don’t even need to compromise that much. You can request a Bitcoin payout to a Bitcoin address at a cryptocurrency exchange.
Now, some of them offer debit cards for their clients that you can pay with anywhere you want. Once the payout arrives; you can exchange as much as you want for a fiat currency. Shortly after, you can use your debit card.
If you know what to do, you can shorten your online payout time by a lot. Instead of several days, you can get your money back within a few hours tops. To do that, we suggest you use either e-wallets (when possible) or cryptocurrency payouts.
Both options are way quicker than basic banking methods like credit cards and bank wires. Do the KYC check before you request your first withdrawal at the casino US online. That way, you won’t have to wait long for your money to arrive.