One of the popular complaints on casino review websites is related to payment, especially withdrawals. Many operators struggle to pay players on time and lose customers. In this article CasinoRIX expert explains some factors that affect withdrawal speed and how players can find fast paying casino operators.
Some factors that influence the withdrawal speed are verification and payment methods. When users can’t get verified on time or some of the verification requirements look complicated, it’s likely to cause delays. We will look at how to avoid some of these issues as a user.
Common Withdrawal Methods In Canadian Online Casinos
An average Canadian casino player loves playing as much as they love getting paid. Therefore, they chose payment methods that facilitate fast payments. Security is another important consideration, but fast payment is the top priority. The main reason they started gaming is to get rewarded as soon as possible.
The Traditional Payment Option:
Modern Options
E-Wallets: The Fastest Withdrawal Method
If you want to experience the fastest withdrawals for Canadian gamblers, choose an e-wallet option. You can pick one of PayPal, Neteller, Skrill, and Interac. Nine out of ten times, payments will be processed smoothly without issues. For instance, you can get paid within a few minutes to 24 hours, which is way better than bank transfers that take days.
Of course, they have a few shortcomings, but speed is not one of them. E-wallets are unavailable on all platforms, and some are often excluded from activating bonuses.
Pros
Cons
Cryptocurrencies: An Emerging Choice for Speedy Withdrawals
Cryptocurrencies like Bitcoin and Ethereum offer a lot more for casino users. Some of the concerns people have when using casino platforms include fast payout, privacy concerns, government and local restrictions, bank limitations, and high transaction fees. The best part is that most crypto options are so quick to use that they only take a few minutes to process payments. They are the future of payment and adoption is growing extremely fast.
To get started using crypto on an online casino, you don’t need to provide personal information that other providers will ask of you, such as your age, location, government-approved means of identification, etc.
Pros
Cons
Bank Transfers: Slow But Reliable
Bank transfers take longer to withdraw than e-wallets and cryptocurrencies. They put more regulations in place to protect users or prevent illegal financial activities. They require you to provide your age, location, and home address. All these measures are there to ensure you are protected against criminal activities.
During a transaction process, such as withdrawing your winnings from a casino, the bank takes time to verify identities and information. After that, you get paid. This means it takes about 3 to 5 minutes to complete the process.
Pro
Cons
Conclusion: Ensuring Fast Withdrawals In Canadian Online Casinos
E-wallets and cryptocurrencies offer the fastest withdrawal process. They are also friendlier when setting up an account and getting started. While they have their shortcomings, you can compare them to options like bank transfers and see what is more important to you. Do you prefer speed over reliability? Then, an e-wallet is your best bet, not bank transfers.
To optimize your payout experience as a casino player in Canada, you choose trusted operators and payment providers. If a casino operator and payment method options are new, you should read what others say about them before testing them out. Fortunately, at CasinoRIX, experts do the testing and reviewing so you don’t have to take the risk or fall victim to scams or poor services.
