Fastest Payout Casinos 2020
When it comes to choosing a top online casinos, one of the key criteria to consider when choosing a new destination to play is the withdrawal times because one thing is to make a fast deposit, but another thing is to be able to get your winnings as fast as possible.
Casinos like when you make deposits and they are all generally processed instantly, but when it comes to cashing out each casino has its own pending time and payout timeframe. In addition, different withdrawal methods will take different times. In general, e-wallets suare the fastest way to get your winnings, following by credit cards and bank wire. The slowest cashouts are processed via checks but they are becoming less common nowadays.
Fastest Payout Casino for Australians
Fastest online casino withdrawals are very important if you want to play casino games online. After all, you need a guarantee that you will get your winnings as fast as possible and without problems. That is why we have done the job for you and selected the fastest payout casinos for Australians so Aussies can get quick and safe withdrawals. The casinos we list adhere to the turnaround times listed above and they all offer seamless and hassle free banking.
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Withdrawal Turnaround Times
Typical turnaround times you can expect from various withdrawal methods at the casinos we recommend are:
Electronic Wallets Cashing out via e-wallets or e-banks generally lasts up to 48 hours, but we expect the transaction to be cleared within 24 hours. Nowadays there is a trend among the quick withdrawal casinos to offer instant payouts via cashout methods like Neteller.
Credit and Debit Cards These withdrawal transactions often take up to 5 days, but the turnaround time should be between two and three days.
Bank Wire Transfer It takes up to 7 days to clear.
Checks They are the slowest and take anything up to 21 days to complete. Unfortunately, the casino is not responsible for the time it takes for postage. Some casinos will courier checks for their VIP's or offer this as a paid option to all customers.
These are the times we consider to be acceptable and the casinos we recommend offer some of the fastest turnaround times in the industry. Not that the majority of online casinos do not pay as fast as this. Turnaround times are one of the major selection criteria at Australia Casino Club.
Withdrawal Fees
Generally speaking, casinos don't charge for making deposits, but they may charge fees for withdrawals depending on the method you choose. E-wallets like Skrill, Neteller and PayPal and credit cards like Visa and Maestro are generally free of charge and they don't come with any withdrawal fees, but this also depends on the casino itself.
Bank wire transfers and checks usually come with certain cashout fees. Regarding bank wire, the processing fee may vary from one bank to another and it can go from $20 to $40. This cashout method is free of change at some casinos as well, but the casinos impose higher withdrawal limits like minimum withdrawal amount of $300 or $500. Nevertheless, before you use bank wire, check if your bank allows such casino withdrawals.
Checks, on the other hand, are the slowest to process and generally come with withdrawal processing fees. There are casinos that charge a fee of $25 for cashouts less than $700, but the free can go up to $40 depending on the amount. There are also some casinos that don't charge processing fee for checks, but players have to make withdrawals of higher amounts like at least $500 or up to $2,500 per transaction.
Casino Withdrawal FAQ
Prior to a first withdrawal at online casinos, players have to provide the casino with relevant proof that they are the true owners of the credit card or bank account. Documentation generally required for safety and security purposes is ID documentation such as copies of credit cards, personal ID, passport, utility bills or driver's license.
Relevant documentation to process casino withdrawals is required in the interest of protecting players from fraud and theft and because international fraud and money laundering rules and laws dictate this.
Whether or not your winnings will be taxable depends on the country where you live. You need to verify this with your own tax authorities.
The payout percentage has nothing to do with how fast withdrawals are processed. It is a percentage of money a casino gives back to players over a specified period. A payout percentage of 95% means that for every $100 taken in, the casino gives back $95. The percentage, however, does not take into account what makes it into gamblers' hands.
There are no fees charged for the fact that some casinos pay out players' winnings faster than others. There are sites that charge processing fees for certain withdrawal methods, but this is not connected to how fast they process their transactions.
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