When you’re picking an online casino, you’re sure to consider the variety of games and generosity of bonus offers. But of course, if you’re playing real money games, being able to withdraw your funds quickly is arguably just as important.
What are instant withdrawals?
Exactly what it says on the tin – instant withdrawal casinos let you withdraw your winnings without any delay. Once your KYC check is complete, your withdrawal request is processed quickly so that you can receive your payout in an instant.
Of course, this depends on your choice of withdrawal method. Some of the quickest payouts are available with fast paying PayPal casinos in New Zealand.
Receive your payout in just four simple steps
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Request your withdrawal
If you’ve landed a lucky win and want to cash in, getting your payout from an online casino is simple. You just have to go onto the relevant page –usually called the cashier– then enter the amount you want to take out as well as your preferred withdrawal method. Of course, you’ll need to meet the casino’s minimum withdrawal limit.
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Casino processing
With the request submitted, it’s simply a matter of waiting for your casino to approve it. Playing at a quick withdrawal casino doesn’t necessarily give you immediate access to your funds, it may take a few working days for the online casino to process debit card withdrawal requests, for example.
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Payment vendor processing
If you withdraw to an e-wallet, you’ll be able to use those funds at any fast withdrawal casino offering support for your chosen e-wallet provider. These can be almost instant, or take a few hours, depending on which casino you choose. For bank transfers, on the other hand, the processing times vary depending on your chosen bank, but it can take up to five working days in some instances, and it may also be a few days before the withdrawals appear in your bank account.
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Receive your winnings
Once your fast paying casino and payment vendor have finished processing your withdrawal, your funds will be added to your account balance.
Choose a fast paying withdrawal method
Casino sites in New Zealand offer a variety of ways for you to deposit and withdraw cash. It’s important to remember that playing at a quick payout casino doesn’t necessarily guarantee a very fast withdrawal, as a lot depends on what method you use. There may also be maximum and minimum payout limits to bear in mind as well.
E-wallets
Selecting an e-wallet option like PayPal, Skrill and Neteller is usually the best bet for players who want a quick withdrawal. As a general rule, most casino sites – not just fast payout casinos – will give you your money more swiftly if you opt for the e-wallet option. With the speediest sites, you can receive almost instant payouts, while process your withdrawal request in a few hours, or within a day. Don’t forget, there may then be an additional delay when you transfer the money from your e-wallet account to your bank account.
Minimum withdrawal limits for e-wallets start very low at most fast payout casinos, while the maximum withdrawal limits usually reach well into the thousands, making these casinos the perfect option meaning these banking options are well suited to casual players and high rollers.
You don’t need to enter your bank details at online casinos when paying with an e-wallet, making it one of the most secure withdrawal methods on the market
Bank cards
Using your MasterCard or Visa debit card is a convenient way to deposit and withdraw money at New Zealand casino sites. The only potential downside is the timeframe on these payouts is generally longer than e-wallet transactions. The industry standard is three to five working days. As ever, this will depend very much on the casino, with some fast payout casinos offering payouts within one to three days. Minimum withdrawal limits are usually the same as those offered to e-wallet users, while maximum limits are even higher when you cash out with a bank card.
Not all fast payout casinos offer withdrawals support for Mastercard debit cards.
Verifying your details
Since casino sites deal with vast amounts of money every day, it’s no surprise that security measures are taken very, very seriously. Such measures are designed to protect your identity and money, as well as prevent money laundering, fraud and related criminal activities.
This is why players joining casino sites will be asked to comply with the Know Your Customer (KYC) process. The sites will ask to see documents such as your driving licence, passport, birth certificate and/or utility bills to provide proof of your identity, age and address. You may also have to verify your deposit/withdrawal methods, by showing scans or images of your debit card, or taking screenshots of your e-wallet and/or bank accounts. These verification images and documents can usually be uploaded directly to the casino site, or sent to a member of staff via live chat.
All licensed online casinos must verify customers’ name, age and address before they can deposit, gamble or play free games.
Withdrawal fees
Fast payout casinos do not usually charge a withdrawal fee, but it’s always a good idea to review the terms and conditions of your chosen casino. In addition, if you’re using an e-wallet, you’ll want to check if there are any fees attached to withdrawals to your bank account.
Your questions, answered
As mentioned above, this will depend very much on exactly how you want to make the withdrawal. The specific processing times of the casino in question are also an important factor here. Check out the terms of your chosen casino site to see how their withdrawal processing times differ from method to method. You’ll usually find that using e-wallet transfers will give you the speediest payouts.
At Compare.bet, our team will only review and recommend casinos which are licensed. This means the sites are fully vetted and abide by the strictest industry protocols on security and fair play. You can therefore have complete peace of mind that your money and details are safe when depositing at, and withdrawing from, these sites.
Your casino will only let you withdraw using the same method you used to make your last deposit. For example, if you last credited your account by paying with your Visa debit card, you can’t then withdraw money to your PayPal account. This is part of standard security procedures to prevent money laundering. If you made your deposit through a method that can’t accept withdrawals – for example, using a prepaid card – the casino will probably choose to send your payout via bank transfer instead.
New Zealand casino sites offer all kinds of bonuses to edge out the competition. These range from no deposit bonuses to free spins on the slots. You won’t simply be able to access the bonus funds and then withdraw them as cash, though. There will almost always be strict wagering requirements attached unless you claim a no wagering bonus. Wagering requirements mean you’ll have to bet a certain number of times before the bonus, and any winnings made from the bonus, can be withdrawn.
