UK Casino Sites with the Fastest Payout Times
So, you want to withdraw your cash balance at a casino and you don't like faff? These UK casino sites have the fastest payouts with the most convenient payment methods.
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These casinos are some of the most trusted brands that we feature at WDW Bingo. They have streamlined deposit and withdrawal processes. Low on hassle and you can save on some admin time! Check out the fastest payout casino sites that are UK licensed!
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Why do some online casinos pay out faster than others?
There can be many reasons why some online casinos in the UK are quicker to process withdrawals than others. Sometimes, there are hold-ups when a player’s debit card has expired, and at other times, external banking processes and anti-money-laundering checks can increase the wait time.
However, there’s no denying that some operators have longer withdrawal processing times than others for no apparent reason.
The good news is that there’s an organisation that works in the player’s favour – the UK Gambling Commission.
The Gambling Commission exists to safeguard UK gamblers, as well as the general public by making sure that both online and in-person gambling is safe and fair. When it comes to withdrawing winnings, the Gambling Commission states that:
“Players must be allowed to withdraw without restriction, except as necessary to comply with any General Regulatory Obligations.”
Any fees that are charged by the casinos must be “reasonable”, and any limit to the number or size of withdrawals that can be made must be clearly reflected in the casino’s terms and conditions.
Despite the Commission’s strict stance on how operators should handle withdrawals, the organisation says that withdrawal complaints are the most common out of the six thousand plus annual calls that it receives from consumers.
According to the UKGC, data from major gambling operators shows that 99% of customer withdrawal requests are approved and fulfilled within 24-48 hours.
However, this means that 1% of punters are having to wait longer. The UKGC is currently reviewing and updating its Licence Conditions and Codes of Practice to give operators and consumers a better idea of how withdrawals should be handled.
While we may yet see the Commission set out specific timescales in which operators must pay out to their customers, the best UK online casinos are already doing their bit by offering fast or same-day withdrawals. This is because they need to stay competitive and be viewed as trustworthy by their customers, and therefore, they have streamlined their processes for handling withdrawals.
To a certain extent, the power also lies with the player as by choosing the fastest payment methods, you’re likely to receive your winnings much quicker. E-wallets are a popular choice with gamblers as they are usually credited within a maximum of 24 hours. Looking out for brands that offer same-day withdrawals and fast withdrawals can also improve processing times and save you waiting for your winnings.
For example, MrQ has recently started offering Visa Direct which takes a maximum of 4 hours. The brand has also sped up its turnaround for PayPal withdrawals, meaning you should never wait longer than 6 hours to receive your money.
Table of withdrawal methods and their average withdrawal times, amounts, and fees
Payment Method | Average Withdrawal Time | Average Maximum Withdrawal Amount | Average Withdrawal Fees |
---|---|---|---|
Visa Debit | 2 business days | Up to £20,000 | 0-2% |
MasterCard Debit | 3 business days | Up to £20,000 | 0-1.5% |
Skrill | Up to 24 hours | Up to £5,000 | 0-1% |
Neteller | Up to 24 hours | Up to £5,000 | 0-2.5% |
PayPal | Up to 24 hours | Up to £5,500 | 0% |
Bank Transfer | 2-4 business days | Up to £50,000 | Depends on bank |
Paysafecard | Up to 24 hours | Up to £2,000 | 0% |
Which banking method gets online casino withdrawals processed the quickest?
The best banking method to use is an e-wallet such as PayPal as they’re typically processed within 24 hours. Some UK online casinos now offer Fast Bank Transfer, which is also known as Visa Fast Funds, and this payment method (which requires you to have deposited using a Visa Debit card) can mean that your funds are available within 30 minutes after the casino has approved your withdrawal request.
Do any online casinos offer instant payouts?
There are no UK online casinos that advertise instant payments. However, with verified accounts, you’re likely to get your money quicker than any advertised timescales suggest. Plus, there are some casinos that promise same-day payouts. They include William Hill Casino, MrQ, BetMGM, Mr Vegas, and talkSPORT.
What banking methods allow for same-day online casino withdrawals in the UK?
The banking methods that can potentially get your money to you the same day are e-wallet (e.g. Paypal, Skrill, Neteller) and Fast Bank Transfer. E-wallets take up to 24 hours while Fast Bank Transfer takes as little as 30 minutes.
Which banking options should you avoid when withdrawing from an online casino?
The slowest banking methods are best avoided if you’d rather get your hands on your winnings sooner rather than later. Bank transfers tend to take the longest time to process, but this can also depend on who you bank with. After your withdrawal request has been approved and processed by the online casino, it can take up to 4 working days for your withdrawal to reach your bank account.
Debit card withdrawals can be somewhat slow too, although they usually take no more than 2-3 days to be credited to your card/bank. Cheque withdrawals, which have become less commonly offered in recent years, can also hold things up due to them being posted out to you and then needing to be paid into your bank.
How fast are PayPal withdrawals from an online casino?
PayPal withdrawals tend to be one of the quickest options, along with other e-wallet payment systems like Neteller and Skrill. After your PayPal withdrawal request has been processed by the online casino, they usually take no longer than 24 hours to reach you, and in some circumstances can even be credited to your PayPal account the same day.