Fast payout casinos offer millions of Aussie gamblers from across the globe a chance to play their favorite games from the comfort of their homes via the internet. Another convenience of joining an online casino is the ability to withdraw and deposit funds to your account quickly.
However, how fast the funds reflect in the account is dependent on the infrastructure used by the casino. Casinos that run on blockchain technology and accept cryptos offer the fastest payout compared to those that still rely on fiat currency.
John Gold of BetPokies tells us in detail in this article how to easily and quickly withdraw money from an online casino.
Standard Withdrawal Requirements
Yes, different casinos have varying withdrawal requirements determining whether a withdrawal request is approved or denied. The faster you meet these requirements, the quicker you will get access to your funds.
Here are the standard fast payout casinos withdrawal requirements you should meet before submitting a withdrawal request.
- You must meet the withdrawal limit set by the fast payout casino and the withdrawal option, such as the bank.
- Indicate the amount you would like to withdraw to initiate the process.
- Choose the preferred withdrawal option from the list provided. Some fast payout casinos have more than five different options.
- Give the casino time to verify and approve the request.
Usually, fast payout casinos take a minimum of three business days to process withdrawal transactions. However, the selected payment option also determines how long the funds will take to land in your account. Take the time to review the duration of each option before submitting the request to avoid waiting for too long.
Additional Documents Required
You may be required to resubmit your identification documents, such as your identity card, passport, or driving license, for the request to be approved. The most plausible reason fast payout casinos ask for these documents is to prevent fraud and curb underage gambling. Ensure the documents are the same ones you used to open the account. Otherwise, your withdrawal request won't be approved.
Withdrawal Request Processing Time
As mentioned earlier, the time you will have to wait for the funds to reflect in your account depends on the selected payment option. Confirm this by writing to the customer support team before placing a request to know which the fastest and ideal withdrawal option for you is.
In addition, the fastest payout casinos have an instant withdrawal option, allowing Aussie players to get their funds minutes after submitting the request. However, it attracts a higher transaction fee than the other withdrawal option. Some of the payment providers that process withdrawal instantly are;
- PayPal
- Neteller
- Bitcoin
- Paysafecard
- Skrill
They charge different fees, so compare and contrast them to get value for money. You don't want to pay a huge fee while you can wait for several days.
Why Are Payouts Sometimes Delayed?
Even though fast payout casinos have put in place measures to send funds to Australian players within the shortest time possible, there is always the risk of the process taking longer than expected. Understand that casinos rely on third-party payment providers such as Skrill to process the transactions.
Below are some of the common reasons why payouts are sometimes delayed.
- a high number of withdrawal requests,
- technical issues,
- identity checks,
- fraud,
- holidays.
Experts recommend placing withdrawal requests during business days and when most people are not online. Most casinos send emails to notify players of eminent delays to avert complaints and countless emails. More importantly, confirm that the casino is licensed to operate in your area. If it's not, you won't be able to access your winnings despite spending hours playing the game.
Consider Your Bankroll/Account Balance
Withdrawing funds from your fast payout casinos means you will have fewer funds to play. Plan accordingly to remain with enough funds after the withdrawal to keep playing. Otherwise, you may have to deposit more funds into the account soon after you withdraw.
Remember the withdrawal and deposit fees apply to each transaction. Keep them low by planning the right amount to start and the amount to keep in the account.
Wagering Requirements
Fast payout casinos offer special offers such as a welcome bonus to new Aussie players. The main goal of these bonuses is to encourage the players to start playing. Even though you may win using the free bonus, wagering requirements must be met before you can withdraw the funds.
Familiarize yourself with these requirements before you submit a withdrawal request to avoid disappointment. For example, some platforms require players to submit a certain amount of money before submitting a request.
Conclusion
The best fast payout casinos have implemented measures that give players from Australia unlimited access to their funds. Budget accordingly to avoid spending more money than you can afford to lose. Don't hesitate to contact the support team if you are unsure about any withdrawal options.
If you're facing a gambling addiction, get free help and call the National Gambling Helpline on 1800 858 858.
