We remember when we first got into online casinos. We loved the thrill of those glitzy websites. We loved being able to play our favourite online games from the comfort of our homes and, you know what? We loved the winnings too when we hit the jackpots. Plans to spend those hefty roulette winnings were quickly put on hold though when we realized that it would be days before we could even think of having that cash in our bank account. Thankfully, those days are long past.
Now, with the right online casinos, you can get your cash incredibly quickly. Sometimes within just a few minutes. This is all thanks to fast payouts.
As you can probably imagine, there are many people out there who prefer fast payout casinos. They won’t gamble anywhere else. So, why are they into them? Do fast payout casinos bring anything different to the table other than quicker access to your cash? Today, we examine exactly what fast payout casinos have to offer.
What is a fast payout casino?
A fast payout casino allows you to receive your winnings very quickly. In some cases, you could have your hands on the cash you’ve won in hours, or even minutes. In the UK and also Irish fast payout casinos often use instant transfer methods such as PayPal, Skrill, bank transfer and cryptocurrency.
They do all this while conforming to the rather hefty rules the UK has in place when it comes to online gambling. They check your ID and make sure that you aren’t laundering money. Once these checks are complete, which may even be completed automatically, the cash is provided using your selected withdrawal method.
In the past, the transfers would have been slow and cumbersome. It still is for some online casinos. However, now most stuff can be done automatically, and there are easier ways to check a person’s ID. We wouldn’t be surprised if most decent online casinos moved over to fast payouts in the future, and the ones they already have should be considered as the most reputable.
Why do people prefer fast payout casinos?
The main reason people love fast payout casinos is because you can get your hands on that sweet, sweet cash so much faster. Who doesn’t want to win big and then have the cash sitting in their account within a few hours? Nobody wants to be waiting around for days, if not weeks, for that money to arrive. By then, the excitement would have dwindled significantly. This isn’t the only reason why you should be checking out fast payout casinos though.
Fast payout casinos are generally better. We won’t go into how the systems work here as it is quite complex, but it takes a decent amount of effort to implement a fast payout system. The UK Gambling Commission (UKGC) has so many rules and regulations related to payouts that most sites don’t even bother to set up faster payouts. If an online casino offers a fast payout option, then they have invested in their site. They want their platform to be the best there is, so everything else will probably be amazing too.
We also find that fast-payout casinos tend to be far more trustworthy platforms. We don’t know about you, but we have gambled on some pretty dodgy online casinos before we knew what to look for. We were waiting around for days, sometimes weeks, for cash that was never going to arrive. When we see an online casino offer fast payouts, then we know they can be trusted. They are an online casino that knows they have to prove their worth within hours of you making your first withdrawal. They can’t ‘scam’ you, because you’d know pretty quickly if that has happened, and you can fix the problem far more easily.
As a general rule, it is wise to choose fast payout casinos. There are tons of benefits to gambling on an online casino that offers fast payouts. Ultimately, it pretty much all boils down to the fact that you get your cash quicker and the online casino tends to be a bit more reputable, allowing you to get those Prestbury Cup winnings in a flash.
Are there any downsides to fast payout casinos?
We know what you’re thinking. Sounds too good to be true, right? Fast payout casinos have to have some downsides, yes? It isn’t all sweetness and rainbows. Well, no they really don’t.
There aren’t many downsides to using an online casino with fast payouts. While some online casinos will charge you to use zippier payout methods, these online casinos are few and far between. It isn’t too tricky to find quality online casinos with free fast payouts.
We assume that if you really want to split hairs, there is one small downside as you have limited withdrawal methods available if you want fast payouts. In the UK, the UKGC stipulates that you should only be able to withdraw using the same method you used to deposit cash. So, if you have deposited cash using one of the slower withdrawal methods, you’re stuck. This is why we always recommend people use methods such as Skrill, PayPal or crypto.
Still do your research. Don’t just assume that because a casino offers fast payouts it is a good online casino. Just know that having fast payouts isn’t really a downside. It is just a positive.