After all the fun of gambling, nothing feels quite as rewarding as withdrawing your winnings from a gaming facility. To enjoy the best experience, you need a fast payout solution that processes your winnigs smoothly and without any problems. For anyone who has ever played at a brick-and-mortar casino, this is one of the best features. All that the players need to do is go to the cashier and redeem their winnings in cash. It is a very straightforward process.
Online gambling payments, on the other hand, are not nearly as straightforward especially from the perspective of the player. It is important to note that all the complexities that plague withdrawals from online casinos are very necessary. That is because they are often associated with such things as safety, identity verification and fraud detection among other things. In most cases, this makes withdrawals much slower than it is at land-based casinos.
That said, perhaps the best way of solving most of these problems is through the development of systems to reduce these complexities. This, of course, solely lies in the hands of the casino operators and their software development partners.
So, do players have any way of making the experience better for themselves? Well, they actually do. There are a few ways of ensuring that your withdrawals reach you faster. The best ones are detailed below.
1. Pick The Fastest Payment Methods
For most online gamblers, the speed of their withdrawal almost always comes down to the payment method that they choose to go with. While there are certainly lots of advantages with going with the most familiar payment options, sometimes players may need to compromise.
Traditional payment methods which have been around since the dawn of online gambling are getting by the day. However, they now have very stiff competition from modern online payment methods. These not only come with new and exciting features but also often promise to fix the shortcomings of traditional payment options.
Otherwise referred to as e-wallets, these are some of the most popular methods for people to transfer funds. Naturally, the online gambling sector had to capitalize on this.
Many of the leading online gambling sites allow their customers to use these methods for both deposits and withdrawals. Compared to traditional payment methods, they are much faster and even offer additional perks such as seamless mobile transactions. That adds an extra element of convenience that lots of players love.
Some of the most popular e-wallets including:
Digital currencies and blockchain are among the most important financial innovations of the past decade. Not only have they made transactions much faster for people who use them but also showed additional use cases.
Withdrawals are much cheaper and very secure when requested in crypto. They also offer unmatched levels of anonymity which though this might a problem in some instances.
2. Pick Your Casinos Most Optimized Payment Method
Even for the fast payment methods that we have mentioned, some will likely be faster than others. This is usually because of additional process optimization online casino operator makes in collaboration with the payment service providers. For instance, in online casinos built around digital currencies, there will be a particular token that is given a bit more priority.
This factor can also determine the casinos that you pick. A person who prefers bitcoin will be better off sticking with bitcoin or crypto-focused casino sites. The same logic applies to people who prefer using e-wallets. Those little transaction speed optimizations can mean a lot for the overall online gambling experience.
3. Verify Your Casino Account
If you are playing at just about any modern online casino that is regulated by a reputable body, verification is something that you must deal with at some point.
Identity verification is very important not just for legal issues such as preventing fraud or money laundering but also to ensure that the players are not shortchanged. It is also often a lengthy process that could make the cashout process even slower.
Now, with all the Know-Your-Customer (KYC) initiatives picking up even more steam, it is best to comply with the verification requirements. By so doing, the players can shorten the proofing process they may need to go through whenever they request payouts.
Concerns about data safety and privacy may arise in such cases but this should not be much if you are playing with a reputable iGaming site.
4. Become a VIP
The loyalty schemes or VIP programs that are available at very many online casinos today are good for lots of things. One of the best perks that come with them is advanced or special cashier features. This means that the players that are a part of this program get to enjoy such things as faster withdrawals and higher limits.
Some online casinos even give their VIP customers personal account managers to help them easily move their funds around.
Most casinos automatically enroll their customers in their VIP programs. To get the most out of this, players need to do a bit of digging to find out what the platforms they have chosen have to offer VIP players. If they are good, that is one more reason to stick around.
5. Try to Play with Cash and Not Bonuses
Online casinos today pride themselves on offering generous bonuses that help them to attract and retain customers.
Gamblers from all around the world love to relish in these bonuses and promotions which goes to show just how important they are. However, as amazing as they are, bonuses and other rewards can be problematic. That is why it is always important to read the fine print and understand the terms and conditions they come with.
Bonuses and promotions usually have playthrough requirements tied to them. The winnings are not withdrawable unless those requirements are met hence significantly lengthening the time before players can get their winnings, if any, paid out.
Cash or funds deposited by the player are not subject to these same playthrough requirements. Winnings will thus be ready to be withdrawn as soon as they are added to your online casino account balance.
6. Stay Within the Limits
Sometimes, the delays in the withdrawal process may be due to the amount of money that is being withdrawn.
High rollers and professional gamblers, in particular, should be concerned about this. That is because larger amounts often take longer to process. They are subject to more regulatory scrutiny and may require additional verification all of which takes a decent amount of time.
The best way to go about this would be withdrawing relatively small amounts as opposed to requesting a massive payout at once.
If there are fees, they may add up to a lot but that is usually worth it.
The online gambling industry is evolving at incredible speed. If all the huge milestones the sector has achieved over the past couple of decades are anything to go by, there is a lot more in store.
The cashier aspect of the iGaming experience is one of the ones that has changed a lot. It is nowhere near being perfect at the moment especially with regards to accessibility and speed. That is quickly changing though.
The very existence of ways through which people can hasten the withdrawal process proves that the stage is already being set for even better services. We cannot wait to see what becomes of it.