You may enjoy playing at online casinos for free, but the real reason we gamble is to win while having fun.
Whether you wager bonus or your own money, one of the vital aspects when it comes to choosing an online casino you will play at is, besides the withdrawal limits and fees, the cash out timeframe, which is how fast you can clear your winnings from your account and have it in your pockets. It won't help if you are the highest paying online casino in South Africa if they don't pay out your winnings in a timely manner.
It depends on many factors, so you need to have as accurate information as possible on the gaming venue you have chosen.
We bring you the list of the fastest and best paying online casinos in South Africa. That way you can take full advantage of the best deposit bonusses and get your payouts in a timely fashion. All the casinos listed here provide you with a fair and secure gaming experience offering safe transactions which are processed in a timely manner. ⌛
You can choose between various payment options allowing you to wager with no need of converting ZAR into other currencies, meaning that playing at these casinos saves your time and your money. You may also check out our guide to low wagering casino bonuses.
10 Best Fast Payout Casinos 2023
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- NO DEPOSIT BONUS
Top 5 Best Casinos With Instant Withdrawal:
Payouts at Springbok Casino are processed quickly. However, when you'll receive your payout will depend on the payment method you've chosen. The fastest withdrawal method is bitcoin, while bank transfers can take several business days.
Read more about this casino on Springbok Casino review.
The ZAR Casino's payout time depends on whether your account has been verified. It depends on which banking method you use too. The fastest are bitcoin withdrawals - they are processed in a matter of hours. The processing time for bank wire transfers is 5-7 business days, while bank cards take 3-5 business days.
Read more about this casino on Zar Casino review.
Withdrawal speed in Europa Casino depends on the banking methods you opt for - some are faster than others. In general, your winnings will be payed out within 5 working days from when you requested them.
Read more about this casino on Europa Casino review.
Yebo Casino is known and cherished for itd speedy payouts. Players can receive their real money winnings within 24 hours using Bitcoin and e-wallet withdrawals.
Read more about this casino on Yebo Casino review.
Withdrawals at Silver Sands casino are processed in a safe and timely manner. Payout timeframe will depend on the banking method you opt for. The processing time for e-wallets/bitcoin wallets is 2-3 business days. With wire transfers you'll have to wait 10-20 business days for your winnings to be paid out.
Read more about this casino on Silver Sands Casino review.
Withdrawal Methods at Online Casinos
When it comes to withdrawal methods, you can use all the standard options you use for making your deposits. Among the most popular payment solutions in South Africa are debit and credit cards and you may use them for all kinds of transactions.
In order to withdraw money from your account you need to register you debit or credit card at the casino you have chosen.
Another convenient method for withdrawals are e-wallet services like Neteller or Skrill, serving as a link between you bank and casino accounts thus easing transactions. The money you have earned at online casinos can also be cashed out via prepaid cards and bank deposits like wire and instant transfers as well as checks. You can check out our list of banking methods to learn more about payment options available for South African online gamblers.
Sometimes casinos impose certain restrictions depending on the method you choose such as withdrawal limits.
Before you register and start wagering you have to check out all the aspects of withdrawals such as fees and timeframes which will be described in the next chapters but you can also find them in the banking sections of casinos described in detail.
No matter which of the listed methods you choose you should know that the withdrawal option does not affect payout percentages, but if you learn that a certain casino has higher payout percentages and provides faster payouts, it is surely worth your money and your time.
Fast Casino Payouts Indicate Some Important Factors
Casinos that practice fast payouts are also giving some strong indicators about their business, such as:
It shows that the casino platform is financially sound and well established. Casinos that are popular have to constantly make payouts. This means that they have to have the money on hand to meet the payout demands.
Not only that, but large casino brands will offer a variety of payout options. The casino operator has to have enough funds in reserve to meet the payout demands for each of these payout options. A busy casino can end up with hundreds of withdrawal requests daily.
Another indicator that a fast payout casino possesses financial strength is that it has reliable support staff. This is the staff that may be involved in the payouts.
At the very least, the staff should be available to deal with the queries that may come in from players who are expecting a payout. The staff has to be knowledgeable enough to answer payout-related questions and address concerns.
Fair play is something else that is being indicated by the fast payout casinos.
Those who don’t hesitate to meet the payout demands are showing that they honor the fair play code of ethics. Some casinos who do not practice this refrain from making fast payouts in the hopes the player will just use their winnings to continue playing. This is called winning reversal. It is not a very good practice.
Payout Speed Factors
The casino operator has to have everything in place in the backend to make sure that the fast payout procedure operates seamlessly. But there are some additional factors that can affect the time in which the payouts can be made.
If the payout is to a player in a country where there are no winning restrictions, there should not be any interruptions in the speed in which the casino can payout.
Some countries have specific rules concerning online gambling, so this might affect the payout. If this is the case, then it can cause some delays, so make sure to check this on the casino Terms and Conditions page.
Payment method is another factor that can affect the timing of the payout. Many online casinos offer as many options as possible for players to receive their winnings. They do this so they can attract as many players as possible by making it convenient for them to deposit and withdraw.
Popular Payment Methods for Online Casinos
- Paypal: This trusted online payment system allows users to link bank accounts or credit cards for quick and secure deposits and withdrawals. It offers speed, security, and privacy protection.
- Neteller: This e-wallet provides a fast and secure way to transfer funds to and from online casinos. Users can fund their account through various methods, and transactions are typically processed instantly.
- Skrill: Formerly known as Moneybookers, Skrill is a widely accepted e-wallet in the online gambling industry. It offers fast transactions, high security, and supports multiple currencies. It provides an extra layer of privacy and convenience for players.
- OTT Vouchers: You can easily purchase prepaid vouchers at retail locations or online. OTT vouchers provide an additional level of privacy and security as they don't require personal financial information and you can make a deposit without a bank account or credit card. They are a convenient option for players who prefer to make cash-based transactions or do not have access to traditional payment methods.
- Credit Cards: Some credit card companies will allow withdrawals to be credited to the holder’s card.
- Wire Transfers: This is one of the slowest methods for making withdrawals. The casino has no control over how long this process takes.
- Cryptocurrency: It is proving to be one of the instant payout options from online casinos in South Africa making it most convenient for the players who want to receive their winnings fast.
How to Pick the Best Fast Payout Casino Online
Consider Payment Approval Times
All casinos online approve their transactions occurring in the site before executing. During the transaction approval period, you may be required to tarry for extra time so that your request can be reviewed. If this process takes more time than you allotted, it is not a fast paying casino.
Check the Legitimacy of the Online Casino
Before entering your personal information on any casino, ensure that their website has been vetted, has a https protocol and is licensed by some authority.
Confirm Casino Withdrawal Fees
Some casinos online will charge you for using a certain payout method. Read this about their terms and conditions and if you are satisfied, confirm the transaction.
Winning Amount Limitations
Another factor that will come into play in regards to speedy withdrawals is the amount that is being withdrawn. The majority of online casinos have set rules as to the number of withdrawals they will process per request. If the win happens to be a big one such as a progressive jackpot or even a standard jackpot that is substantial, the regular withdrawal rules will not be applied. These winnings can be expected to be paid out very fast. It is up to each player to know the rules of the casino when it comes to payout limits.
Standard Cashout Time Frames
Depending on the banking option, cashouts may take from 24 hours up to three or four weeks. Having checked all the options you should know that e-wallet services typically take one to two days thus being the most convenient withdrawal method providing you with secure and fast processing of transactions. Withdrawals via credit and debit cards usually take from 2 up to 5 working days while various types of bank deposits like bank transfers or checks may take up to 28 days.
Besides these periods reserved for transactions, the funds you want to clear may be subject to pending period taking up to 72 hours before the withdrawal request is being processed. This happens due to the verification of a player’s identity. The casino will commonly request your documentation such as valid photographic identification, a credit card and some kind of the proof of the residential address. This is a necessary step prior to withdrawals as the casino needs to ensure that money would not go to a wrong person as there is no physical contact between players and casino staff at all.
Online Casino Withdrawal Fees
Different fees are charged for different deposit methods. The first and most important thing you should know about withdrawal fees is that they are not charged for faster payouts. Information on fees charged for transactions via each particular banking method can be easily found in the banking section of each online gaming venue. Typically, bank and wire transfers have higher transaction fees, up to 10% of the amount you want to withdraw, while payouts via e-wallets are mostly free of charge.
However, if the fees are not listed on the site you should not assume that they are not charged unless it is claimed by the casino openly. The best way to check out if a casino charges transaction fees is to contact customer support and ask about them. The best thing you can do is to inquire about fees before you place your deposit as it may happen that the casino does not charge fees on deposits while it does on withdrawals and you have to use the same method for both transactions.
Frequently Asked Questions (FAQs)
What documentation do I need for casino withdrawals?
You are commonly requested to submit your any of your personal documents with your name, signature and photo on it. That may be your national ID card, driving license or passport. If you use your credit card, the casino may require from you to provide a copy of it in order to verify it before approving a transaction. The identification documents are typically required once and you can send them via fax, email or by regular mail.
Which payment methods offer the fastest withdrawals?
E-wallets are the fastest withdrawal methods as they typically take up to 48 hours to transfer money from your casino to your bank account.
Is it necessary to use the same payment method both for deposit and withdrawal?
Withdrawals are typically processed to the same payment account that was used for making a deposit. Most online casinos demand that players use the same payment method they have used for making deposits.
What is a pending period?
Pending period is a period before the withdrawal transaction starts being processed. The funds you want to clear from your account may be subject to it and the pending period may take up to 48 hours. Casinos usually claim that it is needed in order to check out the bonus wagering and due to the cash flow between the software providers and casinos, but the truth is that you can give up on your withdrawal during this time and continue wagering on the games using it.
Am I required to pay extra fees for faster withdrawals?
No, there are no fees charged for performing faster payouts.
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