Last Updated on May 30, 2024 by Mary
What is a fast-payout casino?
The whole aim of playing at online casinos is to deposit money and then use that money to bring home an even larger amount. Eventually, you’ll have a balance you’ll want to withdraw to spend the money in real life. The only problem with this is that when you request a withdrawal from most online casinos, the money can take a long time to hit your bank account.
Fast-payout casinos fix this problem and allow you to receive your winnings in your bank account as quickly as possible. If you choose the right fast-payout casino, you’ll be able to get your account balance almost instantly. However, most of them will offer 24-hour withdrawals. Sometimes, it may be a bit longer, but it can vary depending on your payment method.
Sometimes, you may not need your winnings immediately, but it is always a great option. It may be incredibly important for you to get your money immediately, so you’ll want to ensure you’re using a fast payout casino before you deposit and start playing any games. If not, you may be excited to get your winnings and become disappointed when it says it could take up to five business days for them to reach your bank account.
Why are fast payouts important?
There are many advantages to using a fast-payout casino, the main one being that you get your winnings as quickly as possible. This means you can start spending them right away. However, there are also some reasons why a quick-payout casino is important and why you should choose one over one with higher withdrawal times.
First, you should use a fast-payout casino because it shows you how efficient it is. This means that developers have put time and consideration into what they want to offer their customers, so they will constantly update the site to meet the latest trends. Similarly, if a casino has longer payout times, it could indicate cash flow problems, which may affect when you receive your winnings (if at all).
Another reason fast payouts are important is that it’s the whole point of a casino. You don’t usually go onto an online casino to play games without an outcome. You want to get your money, and when they have quick payout times, you know you can play each game without fear of waiting for ages.
Top Fast Payout Casinos in Canada
This is our recommended list of fast-payout casinos in Canada:
Gate777 – Fast-Payout Casino #1
Gate777 is a relatively new casino that has been around since 2018. However, it has made its way to the top rankings for fast-payout casinos in Canada due to its unique airport theme and wide range of gaming options, including over 55 table games and a vast library of slot games by some of the best software providers in the world.
While Gate777 doesn’t offer a wide selection of payment methods like other online casinos, it provides the right types with fast payouts. You can choose from nine options: Visa, MasterCard, Skrill, Neteller, Paysafe, Much Better, Interact Online, Sofort, and Sepa Bank Transfer.
When you deposit money into your Gate777 account, it will appear almost immediately, as long as you meet the minimum amount requirements of $20. While the payout speed isn’t as fast as some other casinos at a maximum of five days, it usually appears in your bank account much quicker, depending on your chosen payment method.
Other highlights of Gate777 include interactive table games, immersive slots, and incredibly real live casino games. You’ll also be welcomed with a great bonus of $1,5000 plus 150 free spins to set yourself up for success.
Casumo – Fast-Payout Casino #2
Casumo has been an incredibly popular Canadian casino with us for over a decade. It started providing online casino games for us in 2012 and has gained licenses from the UK Gambling Commission and Malta Gaming Authority to allow its players to have fun with complete peace of mind.
When you withdraw money from your Casumo account, you have seven payment methods to choose from Visa, MasterCard, Interac, iDebit, MuchBetter, Pay Safe Card, and ecoPayz. You can also withdraw your money in CAD, EUR, GBP, DKK, or SEK.
After you have won big and you withdraw from Casumo, you need to withdraw at least $20 at a time. This is the same for when you want to make a deposit, which is instant. The payout rate isn’t instant like the deposits, but it aims to get to you as quickly as possible, especially when using the right payment method.
Other highlights of Casumo include the 2,000+ games in the library, including video slots and table games. There is also one of the largest welcome bonuses in the country, which is a 100% match bonus of up to $1,800 and 115 free spins for the 9 Masks of Fire Hyperspins slot.
JackpotCity – Fast-Payout Casino #3
JackpotCity brings the glitz and glam of Las Vegas to you in the comfort of your home. Around 1998, this online casino made a big name for itself. It may not offer as many games as some of the other big-name casinos, but it doesn’t lack in quality, which is why it is number four on this list.
There are six solid payment methods to choose from when depositing or withdrawing on JackpotCity: Visa, MasterCard, Interac, Pay Safe Card, iDebit, and MuchBetter. It may not be as many options as other casinos, but there is still something for everyone.
The great thing about JackpotCity is that there are no deposit or withdrawal fees, which means you can make the most out of your money. Like most other casinos, deposits are instantly added to your account. However, it has faster payout rates, which sets it apart. You are guaranteed to receive your winnings within two business days each time.
Other highlights of JackpotCity include over 600 high-quality games and 400 video slot games. You can also play table and card games using your welcome bonus of up to $1,600 if you make the four deposits required to activate it.
SpinAway – Fast-Payout Casino #4
SpinAway is the newest online casino on this list, only opening in 2020. However, it has made a big name, especially after gaining a license from the Government of Curacao. This trustworthy casino has an extensive games library of over 1,700 and is the only fast-payout casino on this list offering cryptocurrencies as a payment method.
A full suite of banking options is available on SpinAway, whether you want to make a deposit or a withdrawal. You can choose from six payment methods: Visa, MasterCard, Interac, MuchBetter, ecoPayz, and cryptocurrencies such as Bitcoin, Ripple, and Litecoin.
If you make a minimum deposit of $20, you can withdraw your winnings using all available payment methods. You can also withdraw as much as $50,000 every month. Each option’s payout times are incredibly speedy, so you can start spending your hard-earned winnings as soon as possible.
Other highlights of SpinAway include the library with over 1,700 titles, including some of the best slot games in the country or a more competitive table game. There is also a great welcome bonus, which offers up to $1,500 and 100 free spins.
Fast withdrawal casino methods
As you’ve probably noticed from our fast payout casino reviews, many payment methods exist. Sometimes, a casino can’t guarantee a withdrawal time, and it depends on the payment method.
Here are the quickest withdrawal methods you can choose from:
Cryptocurrency
Not every online casino offers cryptocurrency as a payment method, but when you find one that does, you’ve hit a gold mine. Cryptocurrency is the fastest payment option available and is highly secure. Most withdrawal times range from a few minutes to an hour, but they might be slower depending on the blockchain processing time.
Interac
Almost everyone uses Interac, so it’s no surprise that many fast-payout casinos list it as a payment option. After cryptocurrency, it’s the fastest withdrawal method around. Sometimes, the funds will turn up immediately in your payment account once you’ve requested the payout, but it shouldn’t take longer than two hours.
Pay Safe Card
A Pay Safe Card works similarly to a regular debit card. You receive a physical card with a 16-digit PIN for payments. You link it to another bank account, and once you request a withdrawal, your winnings will show up incredibly quickly.
What determines fast payouts?
Apart from payment methods, other factors within the online casino determine whether you’ll get a fast payout:
Agents
Depending on the casino you’re using, your withdrawal may need to be authorized by an agent before the funds are released. This can take significant time, especially if many payouts need approval, so it can take a few days to hit your account.
Staff
The size of the online casino and the number of staff members can also affect the time it takes to receive your funds. If there aren’t enough people working, this will affect customer service and, in turn, payout times.
Withdrawal size
Sometimes, how much you’re withdrawing at once will affect how quickly the money reaches your bank account. For example, if it’s a large amount of money, extra precautions may be put in place before the payout can be confirmed and released into your account.
Type of player
Not all players receive the same treatment at certain online casinos. Some offer loyalty programs that gift you faster payout times. These players are known as ‘high rollers,’ and the money is often released within minutes for them.
Final thoughts
Fast-payout casinos are the most popular ones, and nowadays, it will be hard to find a trustworthy casino that doesn’t offer quicker withdrawal times. People play at online casinos with a dream of cashing out the big bucks, so the casinos want to offer something that entices players to sign up with them.
Before you start any online casino, you want to decide how long you will wait to receive your winnings. If you want them quickly, you must find a fast-payout casino that offers your chosen payment method. From there, you can sign up for an account and get started.
Fast-payout Casinos FAQ
Why should I opt for a fast-payout casino?
A fast-payout casino offers a wide range of benefits for its players. You are guaranteed better customer service and the promise that you’ll receive your winnings as quickly as possible. Those online casinos that offer quicker withdrawal times also tend to reduce the fees associated with a payout, so you receive more money in the long run.
What is the fastest way to withdraw money?
The fastest way to withdraw money at an online casino is using cryptocurrency via a blockchain. You can receive your winnings in a matter of minutes. However, if you’re using fiat currency such as CAD, you will want to opt for Interac, as your money will reach your account within 24 hours.
How do I withdraw my casino winnings fast?
Withdrawing your winnings from a fast payout online casino is incredibly easy. It may vary slightly between casinos, but the basics are the same. You need to open your account balance and select the withdrawal option. You then choose the payment method you want to use, and the process to release the funds begins.
Do I have to withdraw using the same method I deposited with?
Not necessarily. This will depend on the casino and what they allow. Sometimes you will have to withdraw your winnings using the same payment method you used to make a deposit. However, you can often use a different option. The best thing to do is see what the casino’s terms and conditions are before making a deposit so you get what you want.
What is the minimum withdrawal amount?
There is no set minimum withdrawal amount when it comes to fast-payout casinos. Two factors could affect what it is. The first is the casino and what they offer. The second is the payment method you’re using. Typically, it will be around $10 to $20, but it can sometimes be lower or higher. You will have to check the casino’s terms and conditions first before you start the withdrawal process.
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