April 2, 2023
For gamblers of all skill levels, the duration it takes to process payments on a gambling site is essential. Generally, funds are available right away when depositing, but most casinos draw the line regarding payouts. Most times, it takes a few hours to a week for a withdrawal to complete.
Because most gamers are impatient, operators entice them with the promise of quick withdrawals. But these become empty promises as gamers end up waiting longer to receive their winnings.
So, this article will examine whether immediate withdrawals from online live casino sites are a reality or simply a myth. The article will also discuss possible ways players can collect their winnings in a matter of moments.
After winning a withdrawable sum when playing live casino games, most players quickly head to the cashier section to request a payout. But this is where things get complicated, as some casinos can take a few days to a week to process payments.
So, to avoid the gut-wrenching waiting experience, find an instant payout gambling site. It’s a website that typically processes payments within 24 hours. Some casinos can also advertise same-day withdrawals, meaning payments are processed on the same day. But note that instant payouts are not available in all live casino payment methods.
The issue of instant casino payouts is a tricky one. Most gambling sites try to hide the pending time when advertising their instant payout services. By law, all live casino operators must furnish players with all the information regarding the withdrawal waiting time. This information is usually available on the Terms & Conditions page.
But because online money crimes like money laundering are widespread, online casinos can take 24 to 48 hours to process payments. The pending duration can even be longer if a player requests an abnormally large payout. But still, the live casino should ensure its customers receive their money as quickly as possible. So yes, instant casino payments are possible.
As said before, the casino is mainly responsible for ensuring players receive their winnings on time. But players also have their part to play, including:
Legal online gambling is widespread these days. Most gambling laws demand that licensed casinos pay out winnings as quickly as possible. If a legal casino promises withdrawals within 24 hours, they’ll likely stick to their word. The regulatory body can slap the casino with huge fines or even suspend their license for withholding player winnings.
That said, online gambling is legal in up to six states in the US. Players in Michigan, Connecticut, West Virginia, Pennsylvania, New Jersey, and Delaware can legally play online casino games. Internationally, consider licenses like the UK Gambling Commission, the Alcohol and Gaming Commission of Ontario, Curacao e-Gaming, and the Government of Gibraltar.
Another tried and proven way for players to ensure they join reliable online live casino sites is by learning from other players.
But it’s advisable not to believe all player reviews about the casino. A legal casino with unusually many positive or negative reviews should raise a red flag. The thing is that some reviewers are paid to add positive reviews or tarnish the casino’s reputation. So, a referral from someone trustworthy is the best way to go.
Debit and credit cards are widely available in the iGaming scene. Gambling sites process payments via Visa and Mastercard, with others having options like American Express, Visa Electron, and Maestro. These payment options usually have higher transaction limits, with first deposits often qualifying for the welcome promotion.
But although Visa and Mastercard deposits are credited almost instantly, withdrawals usually take 3 to 5 business days. It’s impossible to blame the live casino here because the bank must confirm the payment before approving it. Therefore, for making payments, use e-wallets like:
Payments via online banking options like Interac, iDebit, and Instadebit are also instant.
KYC (Know Your Customer) is mandatory on all legal gambling sites. With this procedure, the casino looks to confirm the player’s real identity, reducing illegal activities like underage gambling, money laundering, gambling addiction, etc. Usually, players will verify their casino ID before making their first real money deposit or withdrawal.
How does the casino verify identities?
So, don’t give out the wrong information during the sign-up process to avoid complications during the KYC phase.
This trick will work almost 99% of the time. Players should avoid lump sum payments unless they have won a jackpot where the casino needs to write a check. Instead, opt for smaller amounts or installments because such payments are unlikely to attract attention.
For example, a $1,000 payout will likely be processed much faster than a $10,000 withdrawal. The bank may also want to know more about the payment if it’s an unusually high amount. This can be bad news, especially for players living where online gambling is illegal.
The online gambling industry is constantly expanding, with new sites launching daily. But thanks to competition, the new entrants must bring their A-game to attract and keep players happy. Part of the marketing scheme is offering players instant payouts. These casinos are usually run by industry veterans who know that gamblers are impatient, especially regarding payouts.
But instant payment is not the only advantage that comes with new online live casinos. These casinos also have modern and intuitive designs tailored for mobile and desktop play. In addition, their customer service is always a click away on live chat, email, a toll-free line, or even social media. Just ensure that a legal body licenses the casino.
Fast withdrawals should always be on the shopping list when searching for a live casino to join. However, finding a casino that processes payments within minutes can be easier said than done. So, settle for a maximum payout duration of 48 hours via electronic wallets. Regulated casinos are the best options.