On average, the payout percentage of online casinos in Canada is 96%. Some pay less, some pay more. It depends on the actual house edge of each particular casino. Of course, online casinos will not tell you what percentage of bets they take forever. But don’t you worry. Legit casinos are regulated by strict authorities that ensure every player gets his fair payout.
Though when it comes to payouts, it is important to realize that a fine deal of fast payouts rests with casino operators, not their regulators. Maybe you have noticed that some casinos are way slower than others. Plus, some sites allow you to withdraw only if you reached cash-out minimums.
But even if you find the best online casino payouts that makes instant withdrawals, there’s no guarantee that you will receive your money on the same day. If you read the terms and conditions, withdrawal process, in particular, you will see that instant payouts are almost impossible.
The first boundary for the fast payout is the pending period. Almost all casinos have it, but they don’t mention it on their home page. Instead, there is a small piece of the information under the subtitle “Withdrawals” in the T&Cs.
Usually, they say that new players must verify their accounts before making a withdrawal. While the documents are being checked, players wait for a couple of days. And even if this process goes quickly, you still need to wait a few days till the team approves your withdrawal request. Why? Because they need to check whether you used bonuses right and so on.
During all this double-check your withdrawal is held pending. Normally, the pending period lasts for up to 72 hours. During this time, you can cancel your withdrawal and take the money back on your balance. But if you aim to get the money as quickly as possible, the pending period is your boundary.
Timeframes of Withdrawal Methods
Another boundary for the instant payout is the transaction timeframe of your chosen withdrawal option. Some payment methods are immediate meaning they process your payments as soon as the request has been made. Other payment options are slow and take 2-7 days to process transactions. Therefore, add up the timeframe to the pending period, and you’ll get the total actual payout speed. In some cases, it may take more than a week.
This is why it is better to use fast withdrawal methods such as e-wallets Neteller, ecoPayz. Skrill, MuchBetter, Paypal, and others. Besides, you can try gambling with bitcoin or another cryptocurrency that also transfers money quickly. They will reduce the waiting time.
So, What’s the Best Casino Payout?
With all that information being said, you might be wondering if an instant payout casino even exists? Actually, you can receive same-day withdrawals under certain circumstances. First, you are not a new player at a casino. Second, you have verified your account. Third, you use instant payment methods for your withdrawals. Fourth, you are eligible for various casino privileges such as faster withdrawals.