It is no secret that when signing up at a reputable online casino for some adrenaline-pumping entertainment, we would also like to reel in some extra cash. That’s why the online casino you select must have a variety of payout methods to allow you to quickly withdraw your winnings.
What is a fast payout casino?
For an online casino to fall into the category of a fast payout casino, there should be payout options that take no more than one to three days. However, players who use cryptocurrencies have the pleasure of receiving their funds instantly.
This quick turnaround time ensures that players don’t have to wait long to access their winnings, creating a smooth and enjoyable gaming experience. Online casinos with fast payout options prioritise efficiency, offering various secure methods for players to withdraw their earnings with minimal hassle, whether through traditional banking options or digital currencies.
This focus on security and speed helps to build and increase trust and satisfaction levels among players.
Safest payment options
Let’s move on to delving into the more popular and safest payment options online casinos have available, and look at the varying payout times and procedures, and how they differ when it comes to meeting expectations in this fast-paced arena.
Credit cards
There are several credit card options, including Visa, MasterCard and American Express. They are secure and usually have limited liability for the customer when fraudulent transactions occur.
They are widely accepted by online casinos in NZ. Withdrawals are not instant and it can take between three to 10 days to receive your winnings.
Debit cards
Debit cards are similar to credit cards in terms of convenience; the only difference here is that you are spending your own money.
It does, however, have its weaknesses as a payment option if you are looking for an instant withdrawal, as the withdrawal timeframe on this payment option ranges from three to five days and may include extra fees.
Prepaid cards
This method provides complete anonymity, and you never have to share your personal information online. Among the most globally recognised are Play+, Neteller and Paysafecards.
Payout times on these cards vary depending on the transfer method, with direct deposits taking up to five days. Several pre-paid cards offer instant payments when playing at NZ casinos.
E-wallets
Digital wallets have become a popular payment option among online players worldwide. Not only do they offer a smoother and more convenient payment option, but they often offer competitive fees and exchange rates. Among the most popular e-wallets are:
- Google Pay – No charges and offers instant withdrawals. There are also no limits imposed.
- Apple Pay – This option is very popular in New Zealand and is used regularly by NZ gamblers.
- PayPal – One of the most trusted online payment methods, and it offers instant withdrawals. However, it is predominantly used by players in Europe. It is not accepted at New Zealand online casinos as PayPal does not allow it.
- MuchBetter – Fast becoming a popular mobile payment wallet in New Zealand, it’s safe as it uses biometric authentication methods such as fingerprint scanning. Withdrawals using this method can take up to three business days.
- Skrill – Another popular e-wallet payment option that is widely available at most NZ casinos. Skrill allows for fast and easy withdrawals and has a range of security features. Skrill is supported by over 40% of betting sites, and it’s one of the leading e-wallets with payouts completed within one to two days.
- Payz – Previously known as ecoPayz, Payz is another simple and secure option with payouts taking between one to three business days
- Neteller – Another popular e-wallet similar to Skrill, which also processes payouts within one to three days; however, their fees are discouraging to many players.
- Zimpler -This is another payment option that is gaining momentum among Kiwi players as it aligns with how they prefer to manage their online entertainment, which is directly from their mobile devices.
Bank transfers
If you recall when online casinos were first launched, everybody resorted to bank transfers. Today, it’s the least preferred payment option; however, it can still be found at many online casinos.
This payment option requires entering a lot of information. In addition, processing times are lengthy and in today’s fast-paced world this does not sit well with those waiting for payouts at online casinos.
Cryptocurrencies
Cryptocurrencies as a payment option are fast gaining momentum when playing at NZ online casinos, with the preferred coins used being Bitcoin, Bitcoin Cash, Litecoin and Monero. You may ask why they have become so popular.
For starters, it’s the anonymity it offers to the players, as some individuals do not want gambling payments reflecting on their statements.
Added to this is the fact that they are protected by cryptography, making them harder to hack. Additionally, payments are instantaneous, so if you’re a crypto fan, then you will enjoy playing at one of the many fast withdrawal casinos.
Another advantage and a simultaneous drawback when playing with cryptocurrencies is their volatility. Experienced traders managing multiple currency portfolios can benefit from price fluctuations; however, novices to the crypto arena could lose money when the volatility reaches an all-time high.
Closing thoughts
It is evident that fast payout times play a vital role in which online casinos gamblers choose to sign up with, because gamblers don’t want to wait for their winnings; instead, they expect instant payments.
Delayed payments cause frustration, which in turn causes the player to look for alternative online casinos that offer instant payouts.
More importantly, fast payouts also boost the casino’s reputation, which is an integral part of their success because fast payouts highlight that they are well organised, reputable, and have solid systems in place, further boosting a player’s confidence in them.
Remember, when selecting a fast payout online casino, always check to see if they have multiple payout methods to provide you with more options and faster payouts. This is important if you don’t want to wait for days and days to enjoy your winnings from casinos.
