The Fastest Payout Methods for Online Casinos in 2024

John Bonello

Updated by John Bonello

Content Editor

Lee James Gwilliam

Fact Checked by Lee James Gwilliam

Senior Vice-President

Last Updated 24th May 2024, 01:27 PM

What is the fastest casino payout method? How long does it take to get the money after making a withdrawal request? These are two questions that, as a player, I've asked myself plenty of times. Now, I know that certain payment options such as cryptocurrencies like BitCoin or Ethereum, and digital wallets like PayPal, Skrill or Neteller, and even Paysafecard, say that they offer instant casino withdrawals. But is this so? Or do payout times depend on the online casino? I've created this page to settle these withdrawal anxieties once and for all. And along the way, I'll also list down other options you would better avoid if fast payouts are what you’re looking for. 

Casino Fast Payout Methods Explained

In my experience, fast withdrawals are those processed instantly, or at least, on the same day. And since I find it frustrating to wait days until I get my funds back, I'm always looking for payment solutions and sites that guarantee this speed.

There are quite a few trustworthy casino payment methods that promise instant payouts, where your payout requests are supposedly processed right away. Other payment methods declare upfront that the time to process your withdrawal transaction can take even days. These slow methods include credit and debit cards (VISA, MasterCard, VISA Electron, etc) and Bank Transfers. I won't go deeper into these slower methods here. Since the purpose of this page is to give you information on fast payout methods for online casinos, I'll focus on solutions that meet this criterion.

Let's start with a quick list of casino payment methods that can offer rapid payouts:

  • Cryptocurrencies (Bitcoin, Ethereum, Litecoin and others)
  • Paypal
  • Neteller
  • Skrill
  • Payz
  • Revolut
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Fast Withdrawals Tip

Choose an instant withdrawal casino that can verify your winnings in 24 hours or less.

Why Do Payout Times Vary So Much?

The main factors that affect online casino payout times are a casino's withdrawal processing procedure and restrictions. All real money online casinos have their own payment processing policies on how to process withdrawals, and some may not be willing (or are not able) to process your payout request immediately. Usually this occurs because of mandatory verification checks. Every licensed casino is obliged to verify financial transactions to ensure there are no money laundering issues. With hundreds of daily transactions, it is logical that verification can take some time. 

Casino's Withdrawal Processing Procedure

When your casino receives your payout request, a withdrawal process kicks off. Although the request is made via a software interface, the actual verification is usually done manually by a team dedicated to review withdrawal requests. The purpose of this manual check is transparency – the casino has to follow AML (Anti-Money Laundering) guidelines as stipulated by law. Naturally, this process can slow things down.

Fees Or No Fees?

Some casinos may charge small fees on payouts when using certain payment options. You should always check about these things before you sign-up with a casino. I would recommend playing at online casinos that do not have any kind of charges attached to financial transactions. 

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Fastest Payout Methods for Online Casinos

I've already mentioned some of the online casino payment solutions that can be used when requesting payouts. Now I'll go into some more detailed into each of them, looking at transaction speeds, fees (if any) and minimum amounts per transaction. At the end, I promise you will be able to find the right fast payout method according to your needs. 

The methods I list are suitable whatever your playing style and budget. Just be aware that every casino will have its own range of options, timeframes and terms.

Cryptocurrencies

Cryptocurrencies have been described as one of the fastest payout methods for online casino withdrawals. And indeed, they are! Thanks to their decentralized nature, cryptocurrencies let you carry out transactions without the need for intermediaries like banks. This cuts down on processing times, providing a rapid (and often instant) withdrawal experience. 

Another great plus for cryptocurrencies is security - these digital currencies use encryption to verify every transaction.

Despite these excellent qualities that make cryptocurrencies a fast payout method, not all online casinos have added them to their payment solutions. On the flip side, you will find certain casinos that offer only cryptocurrencies.  Some of the most popular cryptocurrencies used by casinos include:

  • Bitcoin (BTC): Bitcoin is the pioneer and most widely accepted cryptocurrency. Many online casinos have integrated Bitcoin for both deposits and withdrawals due to its widespread recognition and adoption.
  • Ethereum (ETH): Ethereum is known for its smart contract functionality, and some online casinos accept it as a payment method. Its blockchain technology offers additional features beyond simple transactions.
  • Litecoin (LTC): Often considered the "silver to Bitcoin's gold," Litecoin is designed to provide faster transaction confirmations. Some online casinos include Litecoin as one of their accepted cryptocurrencies.
  • Bitcoin Cash (BCH): Bitcoin Cash emerged as a result of a fork in the Bitcoin blockchain. It shares similarities with Bitcoin but aims to offer faster and cheaper transactions. Some online casinos support Bitcoin Cash transactions.

PayPal

PayPal is a digital wallet with over 420 million customers worldwide. It is one of the most secure payment providers on the block, with strong fraud prevention measures, which is why it is also one of the most popular. And apart from being a trustworthy option, it is also one that offers quick and efficient transactions with high deposit and withdrawal limits.

PayPal has been a major player in the online casino industry. It links to your credit or debit card, which means you don't need to input your bank details when using it at online casinos.

Trustworthiness, security and speed are the reasons why so many online casino players choose PayPal as their preferred method for deposits and fast payouts.

Creating an Account With PayPal

To start using PayPal as a payment method at online casinos you need to create a personal account. You can do this in a few easy steps, starting by tapping the “Sign Up” button on PayPal’s homepage. Enter your mobile number and a code will be sent to your phone. Type in that code, and then add your name and email address and choose a password.

Link a debit card or credit card to your new PayPal account - you will be charged a small fee to that card, which is part of a verification process. Once the card is verified, you will receive a refund in a few days. When this process has been completed, you can start using PayPal to send and receive money.

Neteller

With Neteller, it is really easy to make instant deposits and quick casino withdrawals. Neteller uses the latest anti-fraud tools and robust SSL encryption software in order to keep your funds and your personal details safe at all times. It provides you with real time reporting on your spending, so even if you're funding multiple online casinos at once, it is much easier to keep a handle on your budgets. Neteller can be used via a robust app, so using it on your phone is simple and efficient.

These qualities make Neteller one of the most popular online casino payment options.

The downside of Neteller is that many casinos do not allow you to claim bonuses when depositing funds through it. The reason is that the anonymity it provides can lead to bonus abuse. But for fast casino payouts, it works wonders.

How To Create an Account with Neteller

A Neteller can be set up in a few easy steps. Visit Neteller.com and click “Register Now”.  Follow the prompts to enter your personal details. For verification, a code will be sent to your phone. Enter this verification code, and repeat the process with a code sent to your email address. 

Neteller allows you to create a six-digit secure ID, which you may be asked for during login and when sending and withdrawing funds. A 12-digit account ID number will be provided, marking the completion of the registration process. Verify your account by making a preliminary deposit and uploading a picture and a scan of an official document that proves your identity. You can then use your account to fund any casinos accepting Neteller.

Skrill

As a fast casino payout method, Skrill is probably one of the best. Apart from speed, players choose it due to the high limits, security, reliability and convenience. It has been around since 2001, but back then it was called Moneybookers. It was rebranded as Skrill in 2011. Paysafe Group purchased Skrill for $1.1 billion in 2015, and Skrill now has more than 35 million customers.

Since not all online casinos that accept Skrill will let you claim a welcome bonus when you use it for your first deposit, you might want to use an alternative method for your first deposit (then use Skrill for all subsequent deposits and withdrawals).

Creating an Account with Skrill

To set up a Skrill visit Skrill.com and click "Register" then enter your personal details. The confirmation is done by email, after which you will need to enter some more personal info. Once complete, you can add a payment method to fund your Skrill account. Options include a debit or credit card, direct bank account transfer or a Paysafecard.

Payz

Payz (previously ecoPayz) allows you to deposit and withdraw money quickly and securely. Since you don’t need to link your bank account with Payz, casino payouts are processed quickly. Another great thing here is that since do you not need to share your bank details with the online casino you don’t even need to give them to Payz. Simply add money to your Payz account and use it that way. In addition, you don’t need to go through any credit checks to open your free Payz account.

Creating an Account with Payz

To sign up for your free Payz account visit the Payz website and click “sign up”. Follow the prompts on the sign-up page to enter your information, like your username, password, location, and personal info like your address and mobile number. Then you’ll need a few more details like your employment status and the purpose of your account. You can access Payz using your browser or by downloading the app for iOS or Android.

Google Pay

Google Pay is another super easy casino payment option for fast payouts. If you’re an Android user and have it all set up on your phone already, playing at Google Pay casinos makes total sense. Like PayPal, the Google Play app allows you to carry out same-day transactions online with just a click of a button. Just remember to check if claiming bonuses is okay before you set Google Play as your default payment method.

Apple Pay

Apple Pay is a payment system designed exclusively for iPhone users. If you are one, use this option at casino sites for instant fast payouts. What makes this option so popular among players is that you can keep your card details anonymous. Apple Pay is also ultra-secure if you enable Face ID or Touch ID on your phone. This way, only you can access your digital wallet. If you plan to use Apple Pay for your future online transactions, check if it’s available for withdrawals first – not all casino sites support this option yet.

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Important!

Not only are Apple Pay and Google Pay fast - they also add an extra layer of encryption to all payments. However, not all sites let you withdraw funds by these methods. If in doubt, check the casino's payment information section before you join. 

Revolut

Revolut serves over 40 million customers in more than 150 countries. It continues to grow year by year, as new merchants see its benefits. It features a simplified process for sending and receiving money, and is able to work in multiple currencies from a single app. To top it off, it has high deposit and withdrawal limits.

Being one of the safest, fastest and most reliable payment options, more and more online casinos are adopting it as a payment option. I found that one of the benefits of using Revolut is the ability to control how much I spend on gambling. The app includes a spending tracker, which gives you a real-time breakdown of how you are spending money from your account. You can easily track your spending and control how much you use on gambling sessions.

Revolut is not yet available at all online casinos, so make sure to check before signing up.

How to Use Revolut with Online Casinos

To sign up for Revolut download the app and use your phone number to start the registration. Set your password and a six-digit code. To verify your new Revolut account, make an initial deposit from your bank and provide identity documentation.

Paysafecard

If you want to try a different e-wallet, go for Paysafecard. Many players like using it to deposit online because it offers anonymous payments. 

It works by buying a physical prepaid voucher at Asda, WHSmith, or another sales outlet and using the 16-digit code to send funds to your casino account. These will be added instantly. 

However, setting up a Paysafe account online brings a host of other benefits, including fast withdrawals. You’ll need to share some personal information with the casino, but that’s the price you’ll have to pay for receiving your winnings swiftly. 

Learn how Paysafecard works and discover top sites in my Paysafecard casinos guide.  

Payment Methods to Avoid

As I mentioned earlier, some methods are known for being slower than others. This does not mean they are bad payment options - on the contrary, these are among the most popular. But if speed is a necessity, then I recommend avoiding the following: 

  • Visa – there’s tons of gambling sites that accept Visa. But while they offer bonuses and bank-grade security, fast withdrawals using a Visa card are not guaranteed and can often take over three days. 
  • Mastercard – casino players often use this payment for instant, fast, and secure deposits, but same-day withdrawals are unlikely. It will take you at least two to three days to withdraw.
  • Wire transfer – this is a good choice for moving large sums of money in and out of your casino account. But wire or bank transfers won’t offer the same speedy service as e-wallets. 
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Fast Payout Tip

If it's all about withdrawal speed for you, cryptocurrency is the fastest. If the online casino you chose does not offer cryptocurrencies, use an e-wallet instead.

Tips for Getting Fast Payouts

Are there ways that can help you speed up the online casino withdrawal process? Yes, there are a couple of good practices that might help iron out any glitches when it comes to payouts. Here goes:

  • Complete the KYC - Know Your Customer or KYC is a verification process that needs to be carried out by all players. Completing it means you'll avoid potential delays when the time comes to withdraw funds.
  • Check the Bonus Terms - Before opting in for a bonus, read the bonus terms and conditions. Some casino bonuses affect withdrawal limits, and payment methods. And all bonuses have wagering requirements, so if you decide to claim the bonus you'll need to know when you will be able to withdraw funds.
  • Use Fastest Payout Methods - Use cryptocurrencies or e-wallets for withdrawals. These can reduce the time to receive your funds - but beware, you might not always be able to claim bonuses using them.
  • Check Withdrawal Limits - Online casinos impose minimum and maximum amount requirements for withdrawals. Read the small print to know how much you can cash out using your chosen fast payout methods. 

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Meet The Author

John Bonello
John Bonello
Content Editor Content Editor

With a passion for words, John is always thinking about what to write next. He has over 12 years of experience working with online content and as an Editor at Casinos.com, John makes sure that readers get the latest and most accurate information about the online gambling industry.

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