When you're hot off a winning streak and ready to cash out, you want to keep that adrenaline rush going by getting paid as soon as possible. It's not about impatience or some sort of instant gratification phenomenon. You simply know that you deserve what you're due promptly. Sadly, that's not always the case when playing at an online casino. The fast payout is something of a rarity, and only a small percentage of knowledgeable players benefit from it.
Hopefully, after reading this article, you'll join the gamblers who can turn any run-of-the-mill iGaming platform into the fastest withdrawal casino.
Before we start discussing the basics of cashing out, however, it's important to note that knowing when to cash out is a winning gambling strategy in itself, regardless of the games you like to bet on.
For example, you could limit how much money you deposit per month. So, make sure never to go over that limit to minimize losses if you’re experiencing bad luck. This will help keep tabs on how much you’ve won and will alert you when to cash out to avoid spending more than necessary.
Now let's begin!
How to Cash Out Your Casino Payout
Wagering requirements
Claiming bonuses and welcome offers is a great idea if you want to maximize your chances of winning big. However, you should keep in mind that there’s a catch when it comes to most of these deals. Before you can withdraw your winnings, you’ll need to make sure that you’ve fully met the wagering requirements. It’s easy to understand. Generally, you have to wager the bonus amounts a certain number of times. It all depends on the casino. Withdraw your winnings before meeting the wagering requirements, and you could forfeit your bonus. Remember to check the terms and conditions before accepting any bonus.
Verifying your personal information
Most online casinos will want proof that you are who you say you are. You’ll be required to provide a photo or scan of your ID, driver’s license, and, in some cases, a recent utility bill. iGaming platforms do this for multiple reasons:
- To make sure that it’s legal for you to gamble from your country.
- To make sure that you’re over 18 years old thus preventing underage gambling.
- To make sure that it’s you who’s playing and not someone who’s using your name and your cards.
Before you can withdraw your winnings, you must provide all of this information. Otherwise, your funds will be inaccessible. The faster you supply the casino with your personal details, the better your chances of getting a fast payout.
Why Is Having a Fast Payout Process so Important for Casinos?
The most important part of any online casino is, of course, the player. What would a casino be without the people who populate its physical or digital space? Simply put, it couldn’t exist. There’s a symbiotic relationship between members of an online casino and the casino itself. The players make deposits and in return the casino creates an unforgettable experience that’s also profitable. However, when the gambling platform fails to deliver on paying its members in a timely manner, their interest will inevitably decline and they will move on to "greener pastures".
A fast payout process maximizes a casino’s potential to be great. To a person who invests time and money into a gambling establishment, it’s paramount that they be rewarded for their trust. How? With fantastic online slots and exciting Live Casino titles, awesome casino promotions, and most importantly, fast payouts. Some websites take days and even weeks to approve a withdrawal. Members will lose their patience much sooner than that. And who could blame them? But there are multiple reasons casinos usually delay payouts. See what the reasons for casino withdrawal delays below.
We know first hand what are the consequences of delaying a payout. So, to ignite the players’ passion for playing and keep that fire going strong, MrWest provides much faster payouts than your run-of-the-mill online casino. We’re actually striving to supply our players with the quickest withdrawal methods, and in the near future we’ll make sure to upgrade them all into instant payments. Stay tuned, keep playing, and if you’re not a member yet, hurry up and register. We promise to take you on an incredibly thrilling journey to the fortune of your dreams!
6 Reasons for Casino Withdrawal Delays
We’ve already mentioned a few of the reasons why online casinos will delay your payment, but let’s do a quick recap and add some more. It’s important to note that in some cases, the casino is not at fault for a withdrawal delay. There are plenty of situations where the players themselves could unknowingly contribute to their own inconvenience when it comes to cashing out their winnings. We will, of course, highlight those situations as well.
Multiple accounts
Creating more than one account at an online casino is usually frowned upon. The reason is simple: the casinos don’t want people to abuse their welcome bonus offers. Before requesting a withdrawal, it’s highly recommended that you only have one account. The support staff will generally do a background check on your play time to determine if everything is kosher. If and when they find out that you have multiple memberships, they will delay your payment until you delete all but your main account.
VPN connections
There are very few casinos that operate in every country in the world. Most of them may only conduct their business in some regions because of licensing issues. When you use a VPN connection to play at an online casino, it may be seen as a red flag since you’re masking your true location. This could jeopardize the casino’s license, so as a consequence, they will not allow you to cash out until you can prove that you’re playing from a country where the casino operates legally.
Naturally, if you’re on vacation in another country and you’d still like to play at your favorite casino, simply tell them and you’ll most likely get your funds when you get back home.
Incomplete ID verification
Casinos will not approve your withdrawal until you’ve verified your personal information. In the words of The Office’s Dwight Schrute, ‘Identity theft is not a joke, Jim!’ You need to give the casino a scan or photo of your ID and a recent utility bill to prove that you’re who you say you are, that you’re gambling from a country where it’s legal to do so, and that you’re not underage.
Using a different debit or credit card
Online casinos prefer that you use the same card for withdrawals as you did for deposits. It takes time to verify a new card, and some casinos will not approve your withdrawal until the withdrawal amount exceeds the deposit amount. It’s also an efficient way to prevent fraud and money laundering.
Incorrect account or payment details
Be very careful when filling in your banking information since even the slightest mistake could result in a withdrawal delay. Even if the casino approves the withdrawal, the funds might go to a random person from anywhere in the world. Imagine the vast amount of time you’d have to wait to clear up the confusion, have that person return the money to the casino, and then wait for approval all over again. Not to mention that before you go through all that hassle, you’ll have to explain to the casino that you made a mistake when filling in your info.
Abusing your account
Avoid abusing your account at all costs. If the casino’s staff finds out that you’ve been abusing bonuses or exploiting loopholes in their Terms & Conditions, they will confiscate your winnings and close your account.
What Are the Fastest Casino Withdrawal Methods
Joining an online casino that offers the fastest withdrawal methods is a no-brainer. It’s extremely frustrating to wake up lucky one morning, play your favorite slot games, win, and then have to wait for weeks to collect your winnings.
Nowadays, online casinos provide certain payment methods that transfer your funds into your account in a matter of days or even hours. Let’s check out the quickest ways to get paid at MrWest:
MuchBetter
This is a revolutionary eWallet that allows you to withdraw your funds whenever you want to. There might be some delays during bank holidays, but generally your money will be sent to your account in about 3 days. The company employs a transaction analysis system which ensures that every transaction is highly secure.
MiFinity
Here’s another eWallet that allows you to withdraw your winnings quickly and safely. The average waiting period is around 3 days. MiFinity makes each interaction simple and hassle-free and you may cash out from anywhere in the world. It keeps your funds safe at all times using the latest anti-fraud tools and security features. The company also guarantees that your financial details will never be shared with any other parties.
Skrill
Based in the UK and founded in 2001, Skrill is a veteran digital wallet whose experience in handling your funds speaks for itself. The company’s lightning fast payouts and super secure transactions make it a favorite among online gamblers when it comes to cashing out quickly. The lowest waiting time when using Skrill is 1 day.
Neteller
Neteller is a 23-year old eWallet which can be used to make payments as well as spectacularly fast withdrawals (between 2 and 6 hours in the best cases). It’s a safe withdrawal method used by many punters around the world to quickly enjoy their winnings.
Brite Instant Pay
Assuming you’ve already verified your personal details, Brite could instantly send your funds into your account. It’s that simple. Request your winnings, and they’ll be delivered to you in the blink of an eye. For players who hate long waiting times, this is an awesome withdrawal method. It’s also one of the safest out there!
Crypto Payments
If you prefer your funds to be delivered to you in the form of crypto currencies, you’re in luck. MrWest will make that happen faster than you can say Bitcoin. The waiting times are low, and your winnings will be yours to do with as you please through a secure transaction.
How to Find the Safest Casinos with the Fastest Payouts
Research is your best friend when it comes to finding safe casinos with fast payouts. A quick Google search will uncover many mysteries. However, if you don’t have the time to do your own research, we’re more than happy to provide you with plenty of resources that you can browse.
We’re all searching for websites that treat us fairly and deliver on their promises to give you us lightning fast withdrawals. MrWest was created with a player-centric mindset, so here you won’t experience too many issues when it comes to quick cash outs. Make sure that your account is in order before requesting a withdrawal and you’ll get your winnings in no time.
Thanks for reading and good luck!