One of the most important factors regarding player satisfaction in the US gambling scene is the payout processing time factor. If you are a slot machine lover, once you’ve hit the spin button and won, you’ll want the casino you are playing at to process your winnings and allow you to withdraw them as quickly as possible.
Slow and delayed withdrawals can lead to frustration and reduced trust from players, and this can make any online casino lose its credibility and consequently, also lose some of its customers to other fast payout casinos.
Understanding casino payouts and their processing speeds helps players and businesses navigate the gambling space with more confidence. That’s exactly what we are going to cover in this article.
Factors that influence casino payout times in the US
From a general standpoint, it’s safe to say that casinos in the US have sped up their payout processing times. However, you should be aware of the factors that affect processing times. At the heart of these factors is the payment method you choose.
Some, such as e-wallets like Neteller and PayPal, are faster, while traditional methods like checks by mail take longer. Casino policies such as pending periods for processing, maximum and minimum withdrawal limits, and identity verification requirements also affect waiting times.
Interestingly, WSN’s fastest payout casino review suggests that some have optimized their verification processes to reduce delays, especially for returning players who have already completed identity checks.
How quickly can you expect your winnings from the online casino payouts options in the US?
- Cash at the cage: You can get your withdrawal instantly if you’re near a retail casino linked to the site. This method is the fastest, but it requires you to be on location, like Atlantic City.
- Direct-to-debit: With direct-to-debit, your money can hit your debit account in just one or two hours in some cases.
- Prepaid Play+ cards: Site-branded cards can often process withdrawals in just a few hours.
- PayPal: PayPal can be one of the quickest ways to get your funds at some casinos. Sometimes, your cash is processed in as little as an hour. However, it could take up to two days to process, depending on the casino you choose.
- Venmo: This payment provider can deliver your winnings in an hour at best, or it might take one to two days.
- eCheck by VIP Preferred: With this one, you’ll wait one or two business days, but sometimes it can be quicker than that.
- Online banking: Expect a wait of two to four days, but this can vary based on the casino and your bank.
- Wire transfers: These can take two or three days but sometimes you’ll need to wait up to seven days for the transfer to complete.
- Check by mail: This is the slowest option. Checks often take at least seven business days to process and up to three weeks to arrive in your mailbox.
Ranking the fastest paying online casinos in the US
Instant withdrawal casinos allow players to withdraw payouts as soon as they land their wins. Such casinos usually support payment methods that enable quick transactions, such as Skrill and PayPal.
These casinos boast fast processing times where payouts come out in hours or the same day, instead of waiting for days like in traditional casinos. Picking an online casino for quick withdrawals usually means you’ll have plenty of banking options that fit most users’ needs.
You’ll likely find popular e-wallets and cards like PayPal, Skrill and Venmo. These casinos often boast higher payout rates, too, and many of the top ones don’t hit you with withdrawal fees.
When looking at payout speeds and withdrawal methods among top online casinos, BetRivers Casino offers instant withdrawals with its BetRivers Play+ Card. FanDuel Casino can process your cashouts in up to two hours using cash at the counter, PayPal or Venmo.
Meanwhile, BetMGM Casino provides a withdrawal window of up to six hours if you opt for either the casino cage or Play+.
Tips for players
Here are some tips to help you speed up payout times for your winnings:
Verify your account
Make sure to verify your identity right after you sign up. Legitimate casinos will ask for a photo ID, proof of where you live, or to confirm your payment method. Getting these documents in before you ask for your winnings can make the payout process much faster.
Go through the casino withdrawal rules
You have to go through the casino’s terms and conditions to avoid missing crucial details regarding payment processing and conditions. Check out the withdrawal policies, payout limits, processing times and verification requirements.
Once you have this knowledge, you can prevent or anticipate delays and navigate through unexpected issues more confidently.
Get to know the bonus terms
Claiming a bonus is one thing but withdrawing it is another. Most bonuses come with strings attached, meaning you might have to wager them a specific number of times to be able to cash them out.
That’s why it’s important to familiarize yourself with any rollover requirements and conditions, such as the maximum win limit. That way, you can avoid any surprises when it comes to withdrawing.