If you’ve been playing games at online casinos for a while now, you’ve probably noticed that different operators offer different withdrawal times. From instant to up to ten days, the withdrawal method you opt for certainly plays a role here.
However, the time it takes to get your winnings can also depend on the casino itself. So, why do some pay out faster than others? Read on to learn more.
How Do Payouts Work?
First of all, you should know that once a player makes a withdrawal request, the casino needs to approve it and send it to be processed. This can happen within a day if the casino has plenty of resources in terms of workforce, technology, and finances, and then it all depends on the payout method.
Cryptocurrency cash-outs typically take only a few minutes. Bank transfers, however, take the longest, sometimes a few days. Every legitimate online casino will provide a payout timeframe beforehand, so players have an estimate of how long they would wait for their winnings.
How To Get Your Winnings?
Choose your online platform wisely before playing. Your cashout depends on the website and the country you live in. Let’s take a look at what payout methods are used worldwide and see how they work.
Credit or Debit Cards
The withdrawal process through your bank account is relatively easy and takes a couple of days to complete. Players consider it the easiest method and it is widely accepted across gambling sites.
Digital wallets such as Zelle, Skrill, and PayPal offer quick processing time. It is important to mention that your winnings will be added to your e-wallet balance. When you are ready to withdraw it to your bank account and use the cash it could take one or two days depending on the e-wallet you’re using.
It is an electronic transfer of funds via transfer service agencies or between banks. It takes around two days to process and it’s a safe way to receive payouts. It is mostly used for large amounts since the minimum limit is usually rather high.
Western Union and MoneyGram are transfer stations for real cash pickup. They are not for you if you expect a quick payout. They guarantee safe transactions so it takes time to receive your gambling winnings.
Instant Payouts for a Strong Brand Identity
For one, some operators have decided to make instant payouts a part of their brand. As a feature that sets them apart from the competition, they work hard to make each withdrawal as fast as possible.
These casinos allocate more resources to this task and they optimize their routines to speed up these processes. According to Kevin Flynn, these fast-payout casinos invest in the newest digital tech trends, and they come with a variety of new payment methods such as Bitcoin and e-wallets like PayPal, Apple Pay, Google Pay, and so on.
“However, this might also mean hiring people that will work around the clock to ensure all payout requests are handled instantly, and not every casino can afford that,” Mr. Flynn said.
Reasons For Slower Withdrawal
Another reason why some casinos offer very fast payouts is the fact that they are still new on the market. That could mean that they don’t have too many players yet. Therefore, they are not faced with too many requests on a daily basis.
The person or team in charge of withdrawals doesn’t have to deal with a backlog and processes the requests one by one almost instantly. It’s easy to see how this feature can be difficult to achieve when there’s a whole queue of users trying to withdraw money at the same time.
Different Strategies For Delegating Tasks
On the other hand, there are a few reasons why certain casinos are slower than others. For example, many operators have various teams dedicated to certain aspects of running the business. One team is in charge of payouts, another for user support, and another for some other third type of tasks.
When people don’t know how to handle all kinds of assignments, it happens that certain teams trail behind. If the customer support team has nothing to do and the withdrawals team has a long backlog, the former team cannot help in any way.
That being said, many providers have realized the downsides to this approach and are training their employees to be able to deal with various tasks so that they are never behind regardless of the task.
Is Postponing Good For Business?
Furthermore, there are also casinos that use long payouts as a strategy to encourage players to spend the money they won. If there is a hefty amount in a user’s account, they are more likely to put it on the line again if they cannot withdraw it instantly.
Players that are often tempted to spend money should consider steering clear of online casinos that don’t provide instant payouts.
Why Is Speed Important?
In case you are still new to the world of online casinos, you might not yet be aware of why fast payouts are important. There are a few benefits of getting your winnings quickly. For one, if a casino provides you with your money right away, you know that you can trust them and come back again and again.
Moreover, you should always have a set budget for gambling. By finding an operator that pays out fast, you can ensure you are not overspending but only using the money you can afford to lose. All of these factors will lead to you having a better gambling experience and being satisfied with the provider you chose.
If you’re looking for a casino with fast payouts, keep in mind that you can always read some online reviews to see whether other players were happy with the services. Keep in mind that legitimate online casino platforms already have withdrawal requirements. It’s a good sign you have picked the one that plays by the rules and regulations. Do some research to find the best option.