It’s one of life’s great mysteries: how come online casino deposits are instant, but withdrawals can take up to 10 days in some instances? To be honest, we don’t have an accurate answer to that enigma, but we can share the journey that your casino winnings must take from the time you hit the withdrawal button to the cash being held in your hand. By shedding some light on this topic, you’ll be better equipped on how to beat slow withdrawals at online casinos and find the right banking option for you.

There’s a wide variety of deposit methods at online casinos, ranging from debit and credit cards to e-wallets, prepaid cards, and cryptocurrencies. The reason why your chosen deposit method is important is that many online casinos insist that the same payment method is used for withdrawals when available. However, more on that in a moment. First, let’s discuss the casino itself.

The Long and Winding Withdrawal Process

You’ve had a lucky night on the slots and won a nice amount of cash. Doing the sensible thing, you head to the cashier to make a withdrawal. After a few clicks, your withdrawal request is submitted.

Some casinos jump on this immediately and get to work processing it for you; other casinos have what they call a “pending” period, which could be between 24 and 72 hours. This means your winnings are simply parked in limbo—waiting. During this pending period, the casino allows you to reverse the withdrawal request at any time.

In a nutshell, the first step to beat slow withdrawals is to avoid sites with excessive pending times. There’s no reason for the operator to delay the process, and there are many good casinos that don’t—they payout within hours, as it should be.

Once the casino has processed your winnings, the cash is released to your chosen payment vendor, such as PayPal, Mastercard, or your regular bank. Some payment services are vastly more efficient than others. For fast payouts, e-wallets are widely regarded as the best option. Within an hour or two from receiving the money from the casino, your winnings will be credited to your e-wallet. Several cryptocurrencies, including BTC, ETH, LTC, TRX, and XRP, can also match these times, but there are fewer Bitcoin-friendly casinos to choose from at the moment.

Banks and credit card companies tend to take considerably longer—usually 3 to 5 business days. We assume this is because the money has to be sent from A to B and then processed accordingly.

Of course, these times are slightly misleading if talking about money in your hand. Both e-wallets and cryptocurrencies need to be withdrawn to a bank, which will take 1 to 3 days, so, in fact, there’s little to choose between them in this respect.

A popular solution arising from Scandinavia is casinos that connect to a player’s online bank through a third-party service like Trustly. These “Pay and Play” casinos promise withdrawals within 15 minutes. Surely, that’s how it should be. Let’s see if this concept catches on globally.


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