6 Tips for Receiving Faster Online Casino Payouts in Canada
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Canadian online casinos have experienced massive growth in the last couple of years. These casinos offer fast and convenient ways to access your favourite games remotely. But unlike land-based casinos, where payouts are processed on the spot, you may have to wait for a few hours or days when playing online. The good news is that there are some tried and proven methods to accelerate the cashout process. Let’s break them down together!
Tip #1: Play at Casinos with Fast Withdrawal Times
The stiff competition for players in Canada means that casinos may promise fast withdrawals. However, it’s best to differentiate between the pending duration and withdrawal time. The former is the duration it takes to process a payout request, while the latter is the time it takes to receive the amount.
With that said, the best CA casinos provide instant payout requests. This means the casino will approve your withdrawal request immediately. After that, the withdrawal time can be instant or a few hours. It’s, therefore, important to play at casinos with the fastest withdrawal times. Remember to read the casino’s payment terms.
Tip #2: Join New Online Casinos
New casinos are websites that were launched in 2020 or later. These casinos are operated by iGaming industry experts who know precisely what modern players need. They often provide instant withdrawal services to attract members and compete with experienced websites. You no longer have to wait 3-5 business days to cash out at new casinos.
Besides fast withdrawals, playing at new casinos comes with lots of advantages. These sites offer huge and exciting bonus offers. You can also explore an extensive games library with slots, live dealer titles and jackpots. If you’re a table games fan, you can also enjoy blackjack games, unique online roulette games and so much more.
Tip #3: Use the Fastest Payment Methods
The best casinos process payout requests instantly. However, the withdrawal times may vary, depending on your chosen banking method. That’s why you should be careful when selecting a casino banking method to enjoy instant withdrawal times.
Avoid options like credit/debit cards and Bank Transfers. Due to the bank verification processes involved, these options often take 3-5 working days to process winnings. Even worse, the duration can be 10 days or more with Bank Wire.
You can use e-wallets or cryptocurrencies for instant casino withdrawals. The thing is that these methods don’t require bank approvals to process your winnings. Some popular e-wallets for instant casino payouts in Canada include:
- PayPal
- Skrill
- Neteller
- MuchBetter
- ecoPayz
- MiFinity
- eZeeWallet
Tip #4: Withdraw Smaller Amounts on Business Days
Here’s another tip that’s rarely talked about. It’s easy to find casinos with high or unlimited withdrawal limits. While it’s tempting to withdraw $10,000 at once, this can slow down the payout process. The casino finance team and your banking method will be keen to scrutinize bigger amounts. Some banks can even ask for supporting documents.
Another tip is to make your casino payout requests on working days. So, if you win on Saturday, wait until Monday to withdraw your money. Some casinos may not process weekend or holiday payouts. The same applies to bank transfer methods such as Visa, Mastercard, Bank Wire, and Interac.
Tip #5: Complete the KYC (Know Your Customer) Verification
The best casinos use strict money transfer policies. These casinos will confirm your source of money and identity before processing withdrawal requests. In some extreme cases, you may need to complete the KYC process before making your first deposit. This process can help the casino prevent money laundering and underage gambling.
Remember that casinos can take up to 72 hours to confirm your documents. However, this is often a lot sooner. Some of the documents you’ll be requested to upload include:
- National ID/Passport/Driver’s license
- The latest copy of your utility bill.
- An updated copy of your bank statement.
- A photo of your credit/debit card.
- A photo of yourself holding your ID or driver’s license.
Tip #6: Join the Casino Loyalty Program
Besides offering bonuses to returning players, top Canadian casinos have loyalty programs. In these promotions, players receive loyalty points for every real money bet. Collecting enough points can unlock higher loyalty levels with VIP treatments. In some instances, gamers can redeem loyalty points as bonuses and cash prizes.
One of the perks of becoming a high-ranking VIP casino player is faster withdrawals. For example, a Canadian casino site can offer VIP Level 4 and Level 5 players instant payouts. Conversely, casual players at Levels 1 to 3 can wait two or three days to receive their winnings. So, aim for higher VIP levels.
VIP players can also enjoy the following treats:
- Higher transaction limits.
- Personalized bonuses.
- Exclusive tournament invites.
- Instant assistance from dedicated support.
- Prizes like cards and casino tickets.
Conclusion
Times have changed, and online casinos now process payouts instantly. Simply find a reliable instant-payout casino with a bunch of e-wallets and cryptocurrencies. New casinos are also good at providing faster services like withdrawals and customer support. With the tips above, you won’t be frustrated after landing a big casino win.
