First arriving back in the late 90s, online casinos have exploded in popularity in their short lifetime. Now forecast to reach USD 153.57 billion by 2030, the trajectory of this part of the betting market continually reaches new heights, and this means the industry needs to keep its services as convenient as possible. One of the key ways in which they do this is by maintaining fast withdrawals, so players can quickly claim their wins.
There are complications here, however, that are born from the complexities of guaranteeing withdrawals are safe. Each option comes with its own hurdles, and each takes different times to be verified. It’s a tricky process, and it’s one where players naturally seek the fastest option possible.
Why Aren’t All Withdrawal Times Equal?
Different payment options come with different withdrawal times because of the physical and security realities of financial infrastructure. Some systems are built from the ground up with speed in mind, while others could be older systems adapted to less-suited modern uses, with each having its own hurdles to leap.
Think of a cheque as an example. With the first ever check recorded dated back to February of 1659, these established payment systems are the oldest online casinos will offer. Thanks to their physical nature, they’re not well-automated, having to go through physical postage before being processed manually by the human hand. Naturally, this is not a fast process.
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Modern digital payment methods, on the other hand, have been created to integrate as fast as possible with automated online payment infrastructure. Instead of being adapted to an ill-suited use, they’re targeted systems, which means less waiting time for withdrawals.
The Fastest Options
The fastest possible options you can use for withdrawals from online casinos will come from digital wallets like PayPal. This is even true with the highest payout online casinos available today, where processing can be completed in 30 minutes in the fastest situations. Systems like PayPal are regularly integrated with the websites which offer the highest RTP percentage, so players can combine the best odds with the fastest withdrawal times. Keep in mind that while methods like VISA and Mastercard also see high levels of digital integration, they’re still not as fast as purpose-built online payment systems.
Other Elements to Remember
One final note is that there are still differences between the different types of digital wallets that are typically offered at casinos, and how they perform. Systems like PayPal and Skrill are standouts in one direction, where cryptocurrency is often on the other side of the spectrum. Thanks to the complex nature of the blockchain, crypto payment will tend to be slower than other digital methods, even though they’re also built around online transactions. Also remember that no matter how safe an online payment method is, the ultimate level of security comes down to you keeping your device and account safe.
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With that in mind, you should be set to choose whichever online casino and payment method works best for you. Of course, if you’re in no hurry, you might want to choose services based on other criteria, it’s all up to what’s the most important to how you play.
