Fast Payout Casinos in Canada

In a time when everything is supposed to happen fast—instantly, preferably—it’s not surprising to see casino players search for the casinos with the fastest payout. Winning when you gamble online is one of the most thrilling feelings there are, and when you do, it makes sense that you would want to use your money right away. Here is a guide to fast-paying casinos.

 

Best Casinos with Fast Payouts

 

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Finding Fast Payout Casinos

Finding a Casino with Fast Payouts

Only a few years ago it was the norm to have to wait a few days before gaining access to your winnings, but this is gradually changing due to gambler requests. Casinos worldwide are realising that in order to keep their customers—they need to adapt to their needs. As a result, we are seeing more and more casinos with instant payments, or at least casinos that will process your payment within a day or two.

The casino industry is a perfect example of a business where customer preference matters, due to the enormous competition where gamblers will move on if they don’t like what a casino has to offer. Before, with only a handful of casinos available, online gamblers more or less had to accept whatever they were offered.

Now, times have changed and the demand is pushing casinos to accommodate in order to remain relevant.

Which Online Casinos with Fast Payouts to Choose

Finding casinos with fast payouts is no longer difficult, but we have put together a quick guide to give you an idea of where to look and what to look for.

Quick payouts are important but don’t forget to look at other things too when choosing where to play, such as game selection, available payment methods, casino bonus offers and whether it is a regular casino or a no account casino.

It also comes down to what types of games you personally prefer and what you feel comfortable with because if there is one thing that is proven over and over again, it’s that no two online gamblers are the same, and we all have differentiating preferences.

What Affects Casino Payout Speed?

What Affects Casino Payout Speed?

Multiple factors affect casino payouts, and it isn’t always up to the casinos themselves whether they should offer fast payouts to their clients. Not all fast paying casinos are better than casinos that take longer to pay, and it is important to understand the factors that play a part in casino payout speed.

First of all, few casinos will be able to offer instant payments, as there are often processing times involved, along with a few factors that online casinos simply can’t control or influence, with location restrictions and local regulations being one.

Below are three different things that could affect how quickly you can get your money, but there could also be other factors at play depending on the casino you are playing at. Consider contacting your casino directly if anything is unclear.

Payment Methods

Before you can withdraw money from an online casino, you need to choose which payment method you wish to withdraw with. Your choice will likely have a direct impact on the withdrawal speed.  Some payment methods are faster than others, and withdrawing money with an e-wallet is, for example, significantly faster than having a check sent to your mailbox.

With this in mind, the casino isn’t always to blame for slow payouts as you might have just chosen the “wrong” payment method. The key here is to do your research and familiarise yourself with different payment methods (see section below), to see which one will help you access your winnings as fast as possible while still being a convenient option for you.

Country or Location

Yes, where you live matters, as different countries have different gambling laws. Some countries, like the United States and recently Australia, have much stricter laws than other geographical areas, which tends to come down to the payment methods offered.

In this case, Canada still offers the majority of available payment methods to their players, which makes it easier to find one that enables fast payouts. You could say that countries with fewer restrictions put local players at an advantage in terms of fast payouts, but keep in mind that most restrictions exist for safety reasons.

Withdrawal Amount

The amount you wish to withdraw could also affect the payout speed, and a small withdrawal is often faster than a very large withdrawal. A reason for this could be additional requirements and verifications before you can withdraw thousands of dollars, while the requirements for small withdrawals are less strict.

Before you start playing at a new casino, have a look at the maximum withdrawal amount. If the maximum amount is low (under a couple of thousand CAD), this could be an indicator of the casino being less financially secure and/or stable.

Payment Methods Available at Online Casinos

Payment Methods for Fast Casino Payouts

So, what payment methods are faster? To find a fast-paying casino, you also have to find a quick payment method that lets you withdraw money instantly or within hours, and this isn’t true for all the options out there. There was a time when you only had a couple of different payment methods to choose from, but those days are long gone!

Many casinos now let you choose from over 15-20 payment options, which leaves more room for choosing one that works for you in terms of speed. To put this into perspective, we are going to have a look at the most common payment methods offered by online casinos in Canada and abroad, with the purpose of helping you find one that meets your needs.

Bank Cards

A withdrawal with a debit or credit card usually takes between 3-6 days depending on the type of card you are using and the bank it is associated with, and while a very common payment method that is reasonably fast—it is far from the fastest.

Withdrawing with a bank card can also be a bit time-consuming in itself, as you have to fill in your card number both when you deposit and withdraw. Some gamblers find this frustrating, considering you also have to have your card or your card number with you whenever you want to make a deposit or withdrawal.

E-Wallets

Speedy payouts and e-wallets go hand-in-hand, and wallets like Skrill, Neteller and PayPal can get you your money within 1-3 days. This is one of the absolute fastest ways to withdraw money from an online casino, and it has also become one of the most popular ones thanks to how anonymous and easy it is. E-wallets don’t require you to provide the casino with bank details or personal information, and you only need your e-wallet login information.

The process of withdrawing money is fast and easy, but different e-wallets may have different processing times and it’s worth looking into it before you make your final decision. Don’t forget that some e-wallets only work for deposits and won’t allow you to withdraw! Examples of these are Apple Pay and Google Pay.

Cryptocurrency

It is impossible to talk about fast payouts without mentioning cryptocurrencies like Bitcoin and Ethereum. Cryptocurrency has become one of the most popular withdrawal methods at online casinos, and one of the top reasons for this is the fact that they are instant. Cryptocurrency is not tied to any bank or government institution, which is why there is no one to slow down the payments—making them instant.

The crypto casino’s popularity has skyrocketed in recent years, both for the anonymity of the payments and for the quick and hassle-free payouts. The downside is that not all casinos offer cryptocurrency payments at this point and that it can be a little tricky to learn if you’ve never used crypto tokens before.

Check

Most checks take around 7-10 days to arrive in your mailbox, and even though they might arrive as “fast” as within 2-4 days depending on your location, it likely won’t be a norm. Checks are considered one of the absolute slowest payment methods when gambling online, and won’t help your case if you want quick access to your cash.

In general, checks are far down the list of popular payment methods at online casinos nowadays, as they are perceived as slow and overly complicated. Not only do you have to wait for your check to arrive, but you also have to make time in your schedule to visit a bank where you can cash it.

Wire Transfers

Another slow way of transferring money is by wire transfer, as this is something the casinos cannot control. They could go ahead and approve your request to withdraw right away, but it still won’t be any faster than a minimum of 24-48 hours.

The total amount of time a bank transfer takes depends on the pending period established by the casino and your bank. All banks have their own rules when it comes to incoming money, and special regulations may apply to gambling-related deposits or any money connected to casinos and online gambling, betting or odds.

Trustly

Trustly as a payment method became available in Canada in 2020, and it has revolutionised the casino industry in terms of fast payouts. With Trustly, you use your internet bank and Bank I.D. to confirm transactions and they are often instant.

On occasion it might take 24-48 hours for the transaction to go through, especially depending on your bank and the casino you are playing at, but you can almost always count on it taking less than 5 minutes.

Typical Withdrawal Times

Pending Periods for Online Casino Withdrawals

Some casinos may ship off your money to you as soon as you request it, but most of the bigger casinos still have a pending period before your money is released. This tends to be a period of approximately 24-48 hours where the casino reviews your withdrawal requests, approves them, and once approved—releases your hard-earned winnings. This can be incredibly frustrating, but it is important to remember that processes like these are there to protect both the casino and the player.

The casino needs to make sure it is you who is withdrawing the funds, that the account balance is legit and that there is nothing wrong with your selected withdrawal method.

What Can Slow Down a Withdrawal

Bonuses and Wagering Requirements Players May Incur

We have had a look at what can speed up casino payments, but it is just as important to understand what could potentially slow them down. Some bonuses come with wagering requirements, and that’s something to be aware of if you want to be able to withdraw your winnings right away.

Wagering requirements require you to play a certain amount of times for any bonus money received. This could mean that if they give you $100 CAD for free with a wagering requirement of x25—it means that before you can withdraw winnings, you will have to play for the value of $100 x 25, which equals $2,500 CAD. New players are often unaware of what wagering requirements could mean for the speed of their casino payouts, and that can often lead to disappointment and frustration.

Any wagering requirements should be stated clearly when you accept, for example, a welcome bonus, but it is always a good idea to read through a casino’s terms and conditions.

Are Fast Payout Casinos Reliable?

What Fast Payouts Say About an Online Casino

Let’s say you have found a casino that promises quick payouts—what does it mean? What does it tell us about that particular casino? First of all, you need to make sure the casino actually lives up to its promises rather than blindly trust its marketing. Do your research before you sign up and start playing.

1. Established

Once you have established that the casino does, indeed, offer fast payouts, it is time to have a look at what else this tells us about that particular casino. The good news is that it tends to indicate that the casino is well-established and has the funds to pay its players right away. For a casino to pay fast, they need to have the money to do so.

A casino that is willing to pay their players instantly without delay will usually have enough money in their accounts to attend to hundreds of withdrawals every single day, and that means they’ve been in business long enough to gain sufficient financial strength.

2. Reliable

Have you ever heard of something called ‘winnings reversal’? This is when a casino intentionally stalls when it comes to payments, with the hopes of the players becoming impatient (or greedy) and deciding to continue gambling instead. The longer the casino keeps your money, the more likely it is that you will decide to try and continue your winning streak, which tends to lead to a loss and the casino winning their money back.

A casino with fast payouts, on the other hand, shows that they’re not engaging in such tactics and can therefore often be considered very reliable. Fast payouts are not a guarantee that a casino is reliable, but it is a strong indicator.

3. Customer Oriented

Not only does a casino with fast payouts clearly listen to its customers, especially as the demand for fast payouts increases, but they also tend to have easily accessible customer service and close contact with their players.

A casino like this will have understood the importance of providing reliable support to their players, by offering 24/7 customer service that can assist with questions, thoughts, concerns and technical issues.

How to Determine if a Fast Payout Casino is For You

No Account Casinos Might Be for You

If fast payouts are important to you, then you might want to check out no account casinos! A no account casino does not require its players to create an account, and you can start playing by only verifying your identity with your Bank I.D.

However, the true selling point of No Account casinos is that they offer instant payouts through Trustly or with cryptocurrency. You can forget about having to wait days to get a hold of your winnings, and instead, you get your money within only a few minutes.

No Account casinos certainly top the list of the fastest payout casinos out there, but you will have to keep in mind that these are different from your regular casinos, with no accounts, fewer payment method options and more.

Fastest-Casino-Pay Canada

Are Fast Payout Casinos Safe?

Casino Payout Safety is Paramount

The one thing everyone wants to know is whether quick payouts are a good thing, and if you can and should trust a casino with fast payouts. The quick answer is often yes—fast payout casinos are safe, and it is not unusual for some of them to be considered even more reliable than casinos that tend to take their sweet time.

The explanation is that a casino that isn’t trying to hold on to your money, is probably more inclined to be a company that holds its promises without attempting any dirty tricks. Every time a casino pays you—the house is essentially losing, and you want to play at a casino that doesn’t let this stop them from fulfilling their promise to their players.

Important to Look for Licensing

What you really need to look for is where (and if) an online casino is licensed. Most casinos tend to have a U.K license or be licensed in Malta or Curacao, and these are signs that your chosen casino can be trusted.

Licenses like these are only given to casinos that follow certain safety procedures and who offer fair games with random number generators, to guarantee that players are given an equally fair chance at winning and losing—one that cannot be predicted.

Conclusion

Out Final Thoughts on Fast Payout Casinos in Canada

One thing that we are sure of is that we still haven’t seen the finish line for payment speed development, and it is likely that more casinos will soon start offering instant payouts to attract customers in a competitive market scene. For now—just make sure you pick a casino you can trust with your money.

Payouts are getting faster and players are thrilled. Some payment methods, like e-wallets, are faster than others, and the right choice will help you get your hands on the cash as soon as possible. It can take from five minutes to a week depending on the payment method you choose—making it an important choice. The next thing you want to do is to make sure you choose a reputable casino with secure finances so that they have money to pay their hundreds or even thousands of players right away without delay.

Choose your online casino wisely, and keep in mind that licensing, a good game selection and general safety are all more important than fast payouts.

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