Why Do We Test Online Casinos?
As I mentioned before, our team always tests every casino with real money. You may be wondering why. There are several reasons.
First, we want our readers to be confident that when they choose a casino from the list, they will actually be able to withdraw their winnings very quickly. We can’t just rely on what the casino promises or what players write in the forums, because reviews can be fake. We believe the best way to find out is to check it out for yourself.
We also want our site to be reliable, and I think it’s impossible to be completely reliable if you don’t test the casinos with your own money. It’s a bit like going to a restaurant, looking around, not ordering anything, and then writing a review. It is bad. And it’s the same with online casinos, just going to a casino site and reading about bonuses (as most guides do) is not enough. The essence of a casino experience, much like a dining experience, is only truly captured when you engage with it firsthand by investing your own money in the games.
Also, our entire team loves to gamble. Each of us plays slots, blackjack, poker, and other games after work. It is a lot of fun for us. We are just like you – we love gambling and everything casino-related. This way, you can be sure that the content here is coming straight from our hearts.
What Is Our Process For Testing Fast Payout Casinos?
We start with research. We scour the Internet looking for online casinos that are likely to pay out fast. There are several signs that a casino does this. Sometimes it’s clearly written on the casino’s website, sometimes there are lots of comments in various forums, and sometimes we just have a gut feeling.
Then we move on to the test. We register a casino account, send the documents, and make a deposit. We play various games and test various other things, such as customer support, bonuses, and payment methods. It takes about 2–5 days to test a casino, depending on the wagering requirements and how quickly we can verify the account. Finally, we move on to the most important thing: withdrawing money. We make a note of the time we requested the withdrawal and the time we received it. And that’s it.
As of November 2023, we have tested 72 Australian online casinos. Of course, not all of them paid quickly; 27 of them did not meet our expectations. Out of the remaining 45, we selected the 5 fastest, which you can see in the top list above. But it wasn’t just payout speed that we looked at. Other factors that came into play were bonus size, wagering requirements, customer support, licensing, and payment methods.
How Fast Are Fast Payout Casinos?
A fast payout is anything less than 24 hours. Of course, this is quite a general term, as instant payout casinos, under 1 hour payout casinos, or same day payout casinos can all fall under this category.
Fast casino payout = less than 24 hours. I think everything above is slow and not worth playing.
Speed, of course, is subjective; what’s instant for some might be a couple of days for others. However, in the online casino industry, a fast payout is considered a maximum of 24 hours.
What Affects Payout Speed?
You need to be aware that each site has its own pending period. This is the time when the casino checks all the information before it actually pays you the money. Usually, this includes your payment method to ensure everything is accurate, your personal information, and your history to prevent money laundering.
So, as you can see, the human factor plays a big role here. The way a casino’s customer support works has an impact on payout speed.
It is also important that the finance/customer department works around the clock, as it is unfeasible for a casino with limited operating hours to approve a payout during unoccupied hours.
Also, keep in mind to send documents verifying your identity before you request a withdrawal, as a lack of KYC can significantly slow down your withdrawal. Depending on the casino, you may have to wait anywhere from a few minutes to 3 days for verification, so I recommend that you send the documents immediately after you register unless you intend to play at Australian casino sites without verification.
It is also important to choose the right payment method. Not all options are equally fast. I recommend instant bank transfer options, e-wallets, and crypto for the fastest withdrawals. Not all casinos have all of them available, so it’s a good idea to choose the one that is the fastest in your online casino.
Finally, some casinos have tricky wagering requirements and relatively low withdrawal limits. So if you win a lot, you may have to split your payout.
Fastest Casino Payment Methods in Australia
As I mentioned before, choosing the right withdrawal method is very important. Even if the casino has a short pending period, using a slower payment option will hinder the speed at which you receive your funds. We tried many payment methods that are available in Australia, and the ones below are the fastest. Let’s see:
- PayID: Instant bank transfers with no fees. Our favorite Australian withdrawal method.
- Bitcoin: Anonymity, instant payments, and no fees. Perfect for BTC holders.
- eZeeWallet: A new and modern Australian e-wallet. You can expect very fast withdrawals.
- Jeton: Another fast digital wallet. Send & receive money with ease.
- Mifinity: It is a new and instant casino payment method.
- Muchbetter: Quite popular e-wallet in Australia. Fast casino payouts & low fees.
- Paypal: Legendary e-wallet that offers fast payouts & instant deposits.
- Skrill: Another very popular digital wallet. Transfers are instant, so you’ll have your money in no time.
How To Speed Up Withdrawal Process? Our Quick Tips
- KYC: First, send in your documents as soon as you register. Even if you are playing at a casino that offers instant withdrawals, you won’t be able to withdraw money unless you verify your identity.
- Right Casino: Choose a casino that offers fast payouts. Some online casinos have limited operating hours, so they are not able to accept withdrawals 24/7.
- Right Payment Method: Choose a fast payment method. In Australia, the fastest are PayID, Bitcoin, and e-wallets.
- Use the same method for depositing and withdrawing: If you use different payment methods, the casino may perform additional verification, which will slow down the withdrawal process.
- Check withdrawal limits: Some casinos have daily, weekly, or monthly limits. If you try to withdraw more than the limit, the withdrawal may be cancelled.
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Pros & Cons of Fast Payout Casinos
It would seem that fast paying casinos have no disadvantages. After all, they pay fast, so what disadvantages could there be? Granted, there are a few. But as with everything, there are pros and cons as well. Let’s see:
