Online casinos differ from land-based casinos in that you can’t always get your winnings instantly. However, it is possible to find quick withdrawal casinos online. Fast withdrawal casinos in Canada allow you to collect your winnings as soon as possible.
Our casino experts have sorted through the best online casinos and brought you those with the fastest payout. Here’s everything you need to know to cash out quickly!
A fast payout casino is an online casino that allows players to withdraw money quickly.
When looking for the best fast payout casino, consider the following:
Several factors affect the speed of a payout, including:
All online casinos are obligated (by guidelines and regulations) to hold withdrawn money for at least 24 hours.
This is referred to as processing time. Processing time allows the casino to verify the identity of the player. This is important because it helps to reduce fraud.
During this period, players can reverse their withdrawal, if they’d like.
It is common for an online casino to perform a KYC check before a user can withdraw their winnings.
A KYC check, or Know Your Customer check, involves validating a person’s identity. Banks and investment websites also use this type of identity verification.
To prove your identity and address, you can provide any of the following:
KYC checks help to prevent:
There are three basic steps to completing a KYC. Here’s how to complete your KYC check:
There are many options when it comes to cash out methods. However, the method you choose to use will greatly impact your withdrawal time.
For a quick withdrawal, you’ll need to use a fast payout method.
There are many great online casinos that are legal and safe for Canadians. However, not all online casinos are quick withdrawal casinos.
Here is a list of the best online casinos with the fastest payout in Canada:
The top three fastest payout methods for Canadians include:
e-Wallets are one of the fastest payout methods. They can be found on numerous quick withdrawal casinos in Canada.
e-Wallets allow users to transfer money from their bank account into an account online. The funds can then be used to make secure money transfers online.
There are several different e-Wallets that Canadians can use on online casinos. These include:
These payment methods are trustworthy and reliable. As well, using these withdrawal methods will help you to receive your payout quickly.
An Interac E-Transfer, or electronic funds transfer, allows users to move money directly between their personal bank account and an online casino account.
This is a safe and secure money transfer method and can be found on many fast withdrawal casinos.
Canadian online casinos recognize that players want to see their winnings quickly. Therefore, they aim to provide the fastest payouts possible.
Online casinos can also be boycotted or blacklisted if they have longer than usual payout times. Generally, 1 to 5 business days is an appropriate withdrawal time. Anything above that can be bad for business.
It’s important to note that some withdrawal methods (e.g. money transfers) cannot be processed on weekends. Be sure to take this into account when waiting for a payout.
Casinos that offer e-Wallets as a form of payment provide the fastest payouts in Canada. Once a withdrawal has been processed, e-Wallet withdraws are usually completed instantly. At the longest, an e-Wallet withdrawal will take up to 3 days. This makes e-Wallet casinos the fastest paying online casinos.
Some payment methods can be initiated instantly. However, there are processing times associated with each online casino. Processing time allows the online casino to verify the identity of a player before the money is transferred. This prevents fraud. Processing time can range from 24 to 48 hours, depending on the fast pay casino you choose. Therefore, instant withdrawal casinos are not possible.
e-Wallets, banking portals (like iDebit, INSTADEBIT and Trustly) and Interac E-Transfers offer the fastest withdrawals for Canadians. After the casino has processed your request, you can expect to see your money in 1 to 3 days using these methods. Some e-Wallets, including MuchBetter and ecoPayz, are able to deliver funds instantly after processing.
Some withdrawal methods are instant. However, processing a withdrawal usually takes between 24 and 48 hours. This processing time is required by law. For this reason, same day payout casinos do not exist.