Instant Payout Casinos 2023
In this day and age, internet casinos are taking over market share from their land-based counter parts. Factors like mobile compatibility, easy accessibility and stay-at-home orders courtesy of the pandemic have further tipped the scales in favor of online casinos. This is true all over the world, and South Africa is no exception.
The fact that you can play casino games from the comfort of your own home and win real money doing so is hard to compete with. In order to win real money, there are ways in which casinos let players move funds back and forth between their bank accounts and casino cashier accounts.
Not all online casinos are created equal, especially in terms of banking. Withdrawing your winnings is not always an instant process at online casinos – some casinos are faster than others. How long a payout takes depends not just on the casino in question, but also on the chosen banking method.
If quick withdrawals matter to you, then you should know that there are a few South African friendly online casinos which are fast payout casinos. They offer instant withdrawals with one-click options. When it comes to instant withdrawal casinos, you are at the right place. We have all the juicy information on fast paying casinos.
What is a fast withdrawal casino?
A fast withdrawal casino is just as it sounds – an online casino with a quick withdrawal speed. At fast withdrawal casinos, players can request a payout and expect the transaction to be processed within a few minutes, but without compromising on safety or security.
Traditional online casinos can take several business days or even weeks to pay you your money, and if withdrawal speed matters to you, then such casinos are better avoided.
Players who want their casino winnings paid to them as quickly as possible should prioritize their search for the best instant payout casino South Africa.
What makes some casinos payout faster than others?
Many withdrawal banking methods are country specific and this applies mainly to banking methods which have the quickest withdrawal turn around times. Quick withdrawal methods may not be available in some countries. Therefore, the country in which a player is based will certainly play a role in how fast the casino can payout winnings.
Time of Withdrawal
Most modern online casinos offer 24/7 customer support. However, this does not mean that they will process your withdrawal instantly. Casinos can have dedicated finance departments which process withdrawal requests. If you place a payout request outside of the working hours of this department, the request will only be picked up in the next business day.
Most online casinos have a pending period which is implemented for security reasons. The pending period will be mentioned in the casino’s terms and conditions. Obviously, the longer the pending period, the longer it is going to take to process a withdrawal.
For example, if a casino has a pending period of 48 hours, it means that once you place a withdrawal request, it may remain in the ‘pending’ status for up to 48 hours and only processed after the pending period. Usually, when a payout request has a ‘pending’ status, players have the ability to cancel a withdrawal request.
Know your Customer (KYC) is a security verification procedure where the casino can request documentation to verify the player’s identity, age and address before a withdrawal can be processed. Depending on casino’s KYC policy, the withdrawal speed can be impacted.
Different payment methods
One of the main factors that determine how quickly a withdrawal is processed is the withdrawal method used. Some withdrawal methods pay out faster than others. Below are some South African friendly withdrawal methods to consider.
Generally, credit and debit card withdrawals are not the fastest options. The withdrawal can take several business days (usually 3-5 business days) and depending on the processing bank, it could take even longer.
EcoPayz & other eWallets
For players concerned with quick withdrawals, eWallets like ecoPayz, Neteller and Skrill are pretty good options in comparison to bank cards or bank transfers. eWallet withdrawals are usually processed within 24-48 hours.
Citadel Banking has a feature which allows merchants to send you funds (as in a casino payout), and the funds are generally available within 1-3 business days after the merchant makes the transfer. The specific time depends on how long it takes for funds to clear through the banking network in your country and appear in your bank account. The average time frame is 5-10 business days.
One of the fastest payment methods available at online casinos are cryptocurrencies. If supported at the casino, players who want their money as quickly as possible should opt for cryptocurrencies like Bitcoin for example. Being peer-to-peer transactions, these transactions are lightning fast and your funds can be processed and paid out within minutes.
The majority of online casinos have VIP programs or loyalty programs. VIP players are given special treatment and perks in many ways. Some of the VIP benefits that are generally offered include exclusive bonuses, exclusive tournaments and even faster withdrawal times and increased withdrawal limits. So, players concerned with withdrawal times should consider qualifying as a VIP player to enjoy faster payouts.
Withdrawal speed and withdrawal limits should go hand in hand. An online casino that processes payouts in minutes may be ideal but if the withdrawal limit per transaction is low that it defeats the purpose and is not going to be practically useful. Therefore, it is important to consider the withdrawal limits imposed at online casinos. Different casinos may have varying withdrawal limits.
Our Top Fast Payout Casinos
How to cash out from a Casino, Step by Step
The process to place a pay out request may vary from one casino to the other, but the differences are usually subtle and the general process adopted by most online casinos is usually along the same lines. Furthermore, the exact steps for withdrawal will also vary depending on the payment method you choose. Having said that, below are step by step instructions on how to request a withdrawal. These are applicable for most casinos and withdrawal methods.
- Login to your online casino account – you will need to enter your username/email ID and password to access your account.
- Verify your balance –To request a payout, you first need to have a positive balance in your casino cashier section. Furthermore, the balance should also be more than the minimum withdrawal limit imposed by the casino. Additionally, if any portion of the balance is bonus money, then the wagering requirements for this needs to have been completed, or else the bonus money is usually forfeited when you request a withdrawal.
- Select the payment method that you prefer and enter the withdrawal amount that you would like to request (take note – the withdrawal limit may also vary as per the payment method).
- Proceed with the withdrawal request and enter all details as required by the on-screen prompts.
- Follow through until you are shown a confirmation message that the withdrawal request has been placed.
- At any time, you can login to your account and visit the cashier section to check on the status of the withdrawal.
- A withdrawal request can generally be canceled as long as the withdrawal status is still ‘pending’ but not otherwise.
Documentation Required for Withdrawal
International online gambling regulations now require licensed casinos to adhere to KYC mandates. As mentioned, Know Your Customer (KYC) is effectively a verification procedure where casinos are required to procure certain documents and verify details such as the member’s age, identity and address. This is done for security reasons and also to thwart underage gambling and persons from restricted countries.
KYC processes may vary slightly among casinos. However, the standard approach which online casinos have taken is to allow players to sign up for an account, make deposits and even play games, but before they can process a withdrawal, they will need to complete the KYC verification.
As part of this verification procedure, players may be requested to upload or send copies/images of the below mentioned documents.
- ID proof – A government issued photo ID card such as a passport or a driver’s license.
- Address proof – A recent utility bill in your name and address
- Proof of Payment method – If the player has used a bank card to make deposits at the casino, copies of the front and the back of the card could be requested too. (sensitive information like the CVV code and certain digits of the card number must be blocked or censored in the copies).
Slowest Payout Methods
Having briefly gone over some of the fastest payout banking methods, it is now time to consider some of the more sluggish banking methods when it comes to payout speed. If you are looking for quick payouts, the below banking methods are better avoided.
Cheques are sent through snail–mail and this makes it an inherently slow and outdated process with potential failure points. Requesting payouts via physical cheques is a cumbersome process for both the player and the online casino and it could take weeks by the time you receive your cheque.
Bank Wire Transfer
Bank wire transfers are transactions which are dependent on the processing speed and policies of the sender’s bank as well as the receiver’s bank. Some banks intentionally slow down the process to avoid fraud. Bank wire transfers payouts from casinos to a players account can take anywhere between 3-7 banking days after the pending period to hit the players’ account. Furthermore, many casinos also charge a processing fee for such transactions. The only time we would recommend a bank wire transfer is for withdrawals where the amount of money being transferred is substantial and you don’t mind waiting for a week or longer to get the money. If the payment processor you used to make a deposit is not available for withdrawals, you may need to cash out via a bank wire transfer.
Fastest Casino Deposit Methods
Withdrawals are all about the casino transferring money to you, but deposits are when you need to transfer money to your casino account which you can use to play real money games. Fortunately, deposits are not subjected to the same security verification procedures as withdrawals for obvious reasons and are hence processed much quicker.
Most of the deposit methods supported by casinos are processed instantly. Once the deposit transaction is approved, the funds are available in your casino cashier account in just minutes. Credit card, debit cards, e-wallets, cryptocurrency deposits are processed instantly. However, deposit methods like bank wire transfers or bank cheques will still take multiple days to hit your casino cashier account.
How We Test the Fastest Payout Casinos
Legitimacy of casino
First things first, it is important to ensure that the casino is trustworthy and not a frivolous platform. We independently verify the casino license and consider all consumer complaints registered against the casino and test the casino first hand to make sure it is legitimate and reliable.
One of the important factors we consider is withdrawal fees. If an online casino offers super quick payouts but at a cost, then it could defeat the purpose. What players want are quick withdrawals without any processing fees and that is what we test for.
We know how to go through the fine print in the terms and conditions and find out what the stipulated pending period for a payout is. We then test multiple payouts to ensure that the casino sticks to their pending period and does not extend beyond it to approve the payout request.
We reach out to customer support via all of the channels possible – phone, fax, email and live chat. We not only consider how easy it is to get in touch, but also take into account the effectiveness and relevancyof the resolutions and support provided.
Game Fairness Audit
How do you know that the results of the games you play at online casino are actually fair and not premeditated against you? Well, we actually put the random number generators to the test and ensure game results are truly random and fair. We also verify that the RNG has been audited and inspect the audit certificate as being accurate and factual. There are several independent, third party testing labs like iTech Labs, GLI, eCOGRA, BMM Test Labs, Gaming Associates, and Technical Systems Testing (TST), to name a few. The casino must publish the results from the testing facility on a regular basis, and this is one of the major aspects we look for.
A few casinos with instant withdrawal also offer mobile specific payment methods such as pay by phone bill. However, these are for deposits and not for withdrawals. Pay by phone bill is a feature where you can make a deposit and use funds at the casino without having to pay for it right then. The deposit amount will be added to your next post-paid phone bill and you can settle the phone bill as usual.
A few online casinos also offer dedicated mobile apps which players can download and install onto their smartphones or tablets. Unlike the mobile websites, the apps are not going to be an exact replica of the casino website and a few payment methods may not be available on such dedicated mobile apps.
Bonuses and Instant Withdrawals
Bonuses offered by online casinos can often get in the way of a successful withdrawal request. All online casino bonuses come with strings attached in the form of terms and conditions. When you successfully claim a bonus and receive certain bonus money, this money is added to your bonus balance and not real money balance in your casino cashier account.
In order to withdraw any bonus winnings, one of the primary conditions must be satisfied is the wagering requirement. A wagering requirement essentially states that a player should playthrough the bonus amount a certain number of times before he or she can withdraw the bonus amount. This is put in place to avoid players exploiting bonuses unfairly.
For example: If the wagering requirement is 35x the bonus amount and you just received a bonus of R1000, then you need to wager and playthrough at least R1,000 x 35 = R35,000 before you withdraw any winnings made with bonus money. Generally, if a withdrawal is requested without the wagering requirements being met, the bonus amount and/or winnings is forfeited.
Given that it takes time to satisfy a wagering requirement, it could result in a delay in you being able to request a withdrawal. This is precisely why some instant withdrawal casinos give players the option to opt out of a welcome bonus or reload bonus right from the start. It is Ideal for players that want to claim a bonus but the casinos have systems to track bonuses handed out.
Pros and Cons of Using Fast Payout Casinos
|Get money without delay||Sometimes requires more pre-approval documents|
|Short payment pending periods||Lower withdrawal limits in some cases|
|Establishes trust with casino quickly||Not many banking options are supported for fast payouts|
|Less stress about securing money that you are owed||Restricted in some countries|
|Makes budgeting easier|
Frequently Asked Questions (FAQs)
Are fast withdrawal methods legal in South Africa?
Yes, fast payout methods like cryptocurrencies are legal in South Africa. There are also several South African friendly eWallets like Skrill and EasyEFT which are fast in terms of withdrawals.
Where can I find a fast withdrawal slot?
There are various ways in which you can find casinos offering fast payouts. However, we recommend that you refer to our list of casinos at the top of this article for fast payout casinos which are South African friendly. These are trustworthy casinos which we have subjected to rigorous testing.
Can I bet in Rand (ZAR)?
Yes, many instant withdrawal casinos support South African Rands. However, it will entirely depend on the particular casino in question. Some casinos may not support Rands.
Why do casinos delay withdrawals?
There are various reasons why casinos may delay withdrawals. Fundamentally, casinos intentionally delay withdrawals using pending periods in order to decrease fraud and complete certain security checks before the withdrawal is sent for processing. Some payment methods like bank transfers and bank cheques are inherently slow and there is not much that casinos can do to speed up such payouts. Lastly, there are some fraudulent online casinos which find all sorts of reasons to deny and delay withdrawals to a point where the player gets frustrated and just stops attempting to get his or her money back.
Can a casino not allow me to withdraw?
There are certain scenarios where a casino can lawfully deny your withdrawal request. One of the most common reasons for this is when players request withdrawals but their KYC verification has not been completed yet. Another common reason is if the wagering requirements have not been met.
Are real money games legal in South Africa?
Yes, online betting is legal in South Africa with a licensed bookmaker.
Which is the fastest paying South African Casino?
At the top of this article, you will find a complete list of all the best instant withdrawal casinos that are South African friendly. A few recommended ones include casinos like Punt Casino, Yebo Casino, Springbok Casino and Yako Casino.