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Written by: Elena Rosu
What Freak Thinks a Fast Payout Casino Is
Casino payouts need some processing before the funds are sent to your desired payment method.
This processing period can vary depending on several factors, such as the software solutions some UK gambling sites use for verifying the payments, their personnel, the time you're requesting a payout, and the requested sum.
Freak believes a payout should take at most 24 hours from the moment of your request. This is why he had us put together this list of fast-payout casinos, where your requested funds will be on their way in a maximum of 24 hours.
Best Payment Methods for Fast Withdrawals
Once the casino has processed your withdrawal, you'll still need to wait to access your funds, depending on your payment method. Funds sent to debit cards or bank accounts can take 3 to 5 business days, while some digital solutions require a lot less time.
Here are some details about the fastest payment methods for withdrawing funds from a fast-payout UK casino.
| Payment Type | Payout Speed | Details |
|---|---|---|
| Paysafecard | Instant | Values vary for standard and non-standard accounts. |
| Paypal | Instant | Limits might vary based on your account type. |
| Skrill | Instant | Values vary for standard and non-standard accounts. |
| MatchPay | Instant | You can receive a maximum of 2 withdrawals in a 24-hour window. |
| Bitcoin | Up to 6 hours | Bitcoin is a cryptocurrency, so you will need a crypto wallet. |
| Ethereum | 24-48 hours | Ethereum is a cryptocurrency, so you will need a crypto wallet. |
A Closer Look at the Fastest Withdrawal Methods
Paysafecard
This widely used payment method lets you deposit funds via prepaid vouchers, which you can buy at more than 650,000 stores globally or online. To withdraw funds from a Paysafecard casino, you will need a myPaysafe account.
PayPal
This very popular e-wallet service is a common payment method in online casinos. It allows you to make near-instant deposits and cash-outs (not counting the casino processing times). It’s also a secure and easy-to-use way to pay at multiple PayPal UK casinos and keep your payment information safe.
Skrill
Skrill was created as an e-wallet specifically for gamblers. Due to this method’s high security and lack of fees for deposits and withdrawals, you'll find plenty of Skrill UK casinos. Many gamblers prefer Skrill for these reasons and other benefits, such as the ability to buy cryptocurrencies directly from your wallet.
Please keep in mind that depositing via Skrill or Neteller can make you ineligible for claiming bonuses in some UK casinos. Make sure you read the T&Cs pages of any bonus you want to claim before making a deposit.
Cryptocurrencies
Whether you’re a crypto believer or not, you can’t deny that these currencies are a great fit for online gambling. Transactions are fast, private, and secure. You’ll have to create a crypto wallet through a service like Metamask and join an online exchange such as Coinbase to use them.
Be Aware
The Gambling Commission does not yet have firm regulations in place regarding cryptocurrencies. Casino operators can request licenses for platforms using crypto-assets, but these will be approved on a case-by-case basis.
If you choose to gamble with cryptocurrencies, please note that there are some associated risks, and you should be diligent in your research beforehand.
Common Casino Conditions for Payouts
A few factors can impact the speed of your payouts, and some relate to how casinos run their business. Here are some common conditions you should look for when joining a new casino, so you can determine how fast your potential payouts will be.
KYC
The Know Your Customer process is necessary for withdrawals. Gaining access to your funds will take much longer than needed if you stalled on sending your legal documents and never completed the KYC.
This identity verification is needed to ensure you’re of legal age to gamble and that you’re not trying to commit fraud.
To complete this verification, you will need to provide the casino with the following documents:
- Copy of a government-issued photo ID, such as an ID card or driver's license.
- Utility bill or similar for proof of address.
- Bank statement or similar for proof of ownership over the payment method you're using.
Freak's Tip
Although all casinos should identify their customers before granting them access to the casino, some don't and allow gamblers to make deposits and play their entire game collection.
These casinos will only ask for the documents when a player asks for their first withdrawal, making the process a lot slower and, honestly, annoying.
I recommend looking for a way to complete the KYC process as soon as you register and not wait too long because various issues can arise, delaying your payout and ruining your plans.
Withdrawal Amount and Request Limits
Some casinos have hard rules regarding the amount you can withdraw at any one time or the number of withdrawal requests you can send in a given period. You'll generally find all this information on a casino's Terms and Conditions page.
It's worth noting that these limits are generally high enough not to bother regular, small-time players. And high rollers should not worry either since these limits are often raised for VIP players or upon request.
Tournaments and Bonus Payout Restrictions
A common complaint I see from players is that a new gambling site restricts their withdrawal. This is generally assumed to be foul play and met with negative reviews. While unfair restrictions could absolutely happen in rogue casinos, tournament, and bonus restrictions are often the culprit.
For poker tournaments, it is often the case that withdrawals are restricted for a certain period after a deposit. This is done to avoid potential money laundering.
Likewise, some casinos might restrict your withdrawals when you claim a bonus until you complete the wagering requirements.
Reading the T&Cs of any casino you wish to join is paramount since it will warn you of any of these restrictions before they become a problem.
Withdrawal Processing Times
The time it takes for a casino to process your payout from the moment you request it, can vary based on various factors. Fast payouts are a great indicator of a modern, well-built casino platform.
However, you should always be mindful of the stated processing times. Some casinos reserve up to 2-3 business days for processing, and you’re better off planning for this in advance.
3 Tips for Speedy Withdrawals at UK Online Casinos
Even at fast-payout online casinos, there are a few things you can do to access to your funds even quicker.
- Complete the KYC at sign-up. Since this verification process can take some time, it’s best that you send your documents as soon as you register. This way, by the time you’re ready to withdraw, you’ll have all your ducks in a row and avoid waiting for no reason.
- Choose low-wagering casino bonuses. Clearing wagering requirements can take some time, so try focusing on lax requirements you can fulfil as soon as possible.
- Withdraw using electronic or mobile wallets. These services ensure almost instant processing for incoming funds. If you don’t like waiting for your withdrawals, you should probably avoid using your bank account or debit card since these can take a few business days to process transfers.
Are There Fast Payout Casinos That Let You Cancel Your Withdrawal?
No. And even if there were, why would you want to cancel your withdrawal? Even if you withdraw by mistake, think of it as a happy little accident.
The United Kingdom Gambling Commission permanently banned the option to reverse casino withdrawals. It was considered a high risk for vulnerable players who might be tempted to continue gambling.
The same happened in Ontario, and is set to soon happen in Sweden. If you feel the need to reverse a withdrawal and continue playing, maybe it’s time to take the confidential Self Assessment quiz on BeGambleAware.com.
About Elena Rosu
- With over four years of experience, Elena has conducted extensive research in Game Development and Design and contributed articles to prominent game-related online publications like Stylized Station and Cultured Vultures.
- She possesses a keen eye for detail and has specialised knowledge in gambling legislation and problem gambling.
- Currently pursuing her studies in Cognitive Science with a focus on addiction and gamification at the University of Bucharest.
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