Most online casinos in Canada offer fast withdrawals that are processed within 24 hours. However, when it comes to cashing out, many players realize that their withdrawal will take a couple of days. Unfortunately, some online casinos don’t like to mention the real payout timeframe. So players should find it out themselves.
Why are withdrawals slower for new players?
Casino operators are suspicious of new players, especially if they make a big deposit. They don’t know anything about these players. And in order to pay them their winnings, casinos must make sure they are real people.
This is why online casinos ask for documents that prove the identity of players. The documents show the real age of players, and their place of living (whether it’s an accepted or restricted country). This verification process takes time. Some casinos verify accounts within a few minutes, while others spend days due to their busyness. But of course, they are doing their best to conduct ID checks as fast as possible.
Operators also check your account for any signs of money laundering and other different violations of rules. This is why it may take longer at the beginning. But once your account has been verified, you are eligible for fast withdrawals.
What are the fastest withdrawal payment methods?
The choice of payment method plays a major role in making a fast withdrawal. The fastest withdrawal online casino Canada must offer two of the quickest payment options:
- E-wallet. All e-wallets that accept Canadians process payments very quickly. It takes up to 24 hours in most cases. But very often, players receive their money in a few minutes.
- Cryptocurrency. Crypto gambling sites also offer fast withdrawals that come to players’ accounts within a few hours.
However, when choosing either one of these methods, check out the fees, min and max limits, and the general speed of withdrawals. And make sure the method suits you according to all factors.
Why fast-paying online casinos may delay withdrawals?
There are different reasons for delaying payments. It can be a player’s violation of casino terms, difficulties on the side of the payment provider, or any other unusual situation. But if you haven’t done anything wrong, you need to consider the following:
- Pending period. Some Canadian online casinos have pending periods for withdrawals. Such a period may take up to 72 hours. During this time, you can cancel your withdrawal and continue playing for real money. But if you aren’t planning to cancel your cash-out, it may be very frustrating. So try to choose casinos without pending withdrawals.
- Processing time of your payment provider. Online casinos may send the money to your account. But it takes time to receive it on the side of your payment provider, especially if it’s a bank card or a bank transfer.
Online casinos that promise the fastest payouts may not actually do it. This is why you need to be careful when choosing a fast-paying site. Always check the withdrawal policy of your casino to know the real timeframe of your future withdrawals.