Every experienced punter will tell you that one of the most frustrating things you can encounter when gambling online is the slow money withdrawal process. Just imagine a scenario – you claim $50 free chip no deposit Australia bonus, secure nice winnings with it, and wait a week to get the money into your account. That would annoy even the most patient players, so we thought we could explore some of the fastest payment methods you can use for your payouts. You might be surprised, but there are several options at your disposal!
Credit/Debit Cards
Credit and debit cards are always popular due to their convenience and safety. Almost everyone owns a card, so it would be easy to make deposits and withdrawals.
Just enter the card information on the casino’s website and enjoy the magic! However, while card payments are known for their ease, they tend to process withdrawals more slowly than some alternatives. You might wonder why include them at all.
The answer lies in Visa Direct – a VisaNet processing capability enabling real-time transfers directly to accounts with card credentials. This mechanism accelerates payments significantly compared to standard Visa or MasterCard transactions. Online casinos’ acceptance of Visa Direct is on the rise, ensuring you won’t have difficulty finding a reputable site.
E-Wallets
Moving on, we have electronic wallets or just e-wallets that have been so popular due to their transaction speed. By linking your credit/debit card to your chosen e-wallet, you can effortlessly fund your account and carry out seamless deposits and withdrawals.
Withdrawals from the casino to your e-wallet typically outpace those from credit/debit cards. However, it’s important to note that e-wallets may levy transaction and currency exchange fees. Additionally, charges may apply when transferring funds from your e-wallet back to your credit/debit card.
When considering e-wallets, four main options come to mind:
● PayPal. It is the leader among e-wallets and is widely accepted in over 200 countries. PayPal allows users to send and receive money from every corner of the world in 25+ currencies. Another reason why punters so widely accept PayPal is the low fees.
● Neteller. This payment method has existed for over two decades, and just like PayPal, its main attribute is fast withdrawals. In addition, Neteller has a rewards program, a prepaid card, and loyalty points that you can use to get various prizes.
● Skrill. This digital wallet was established in 2001 and offers fast money transfer services. Skrill is available in over 100 countries, and you can use more than 40 currencies to make instant deposits and withdrawals.
● Payz. Formerly known as ecoPayz, this digital wallet allows users to make simple and fast transactions. Payz’s main perks are the higher transaction limits and lower fees, as it has a multi-tiered account structure.
At the end of the day, it all comes down to a couple of factors when choosing an e-wallet to gamble with – country availability and whether you are okay with the imposed fees. All other security and speed aspects are the same, so it is simply a coin toss for whichever payment method you choose!
Cryptocurrencies
We cannot neglect the importance and impact of cryptocurrencies in recent years, especially in the online gambling world. We now witness a surge in the number of crypto casinos, and it is no coincidence.
Cryptocurrencies have all the advantages of other payment methods. To start your crypto gambling adventure, you first need to create a crypto wallet. Then, you must get your hands on some cryptocurrencies from exchange sites such as Binance.
Now, you can choose an online casino and any cryptocurrency as your payment method. Digital tokens mean that every payment is processed much faster, and this process frees punters from the high processing fees you find with all other traditional payment methods.
Furthermore, cryptocurrencies are decentralized, so you won’t have to deal with transaction fees and daily limits. Standard payment methods rely on financial institutions, hence the slower processing time.
Be aware that due to the lack of regulation around cryptocurrencies, their value tends to be more volatile. Be informed before you start playing at crypto gambling sites – only then can you enjoy their full perks!
With that in mind, the most popular cryptocurrencies we encountered in the gambling world are:
● Bitcoin
● Ethereum
● Litecoin
● Dogecoin
Prepaid Cards and Vouchers
Lastly, if you want anonymity and simplicity when making casino deposits, prepaid cards and vouchers should always be your option.
You can buy a prepaid voucher from tons of retail stores worldwide, and you don’t need to go through account top-up processes like with e-wallets. Notable prepaid vouchers would include the likes of:
● Paysafecard
● AstroPay
● Boleto
● Neosurf
Prepaid vouchers are also ideal for casual gamers who operate under a strict budget so that they can separate their online gambling activities from their bank account.
A drawback we must mention with prepaid vouchers is that they are the only payment method available for deposits. Sure, casino deposits are instant with them, but you will need to choose a different payment method for your payouts.
Fast Payments are The Key to a Thrilling Gameplay
Choosing the right payment method can mean the world to you as an online gambling enthusiast. Sure, games are very important, but they are worth nothing if you cannot experience the thrills of having your rightfully earned winnings in the shortest time possible.
Hopefully, now you have all the information you need to make a better-informed decision about your next casino payment method. All of our options are convenient to use and 100% secure, so it all comes down to personal preferences at the end!
