Fast Payout Casino in South Africa
Fast payout casino sites are a growing trend in South Africa. These platforms are like regular gambling sites offering hundreds of casino games and many impressive bonuses. However, the distinguishing feature is that fast payout casinos process payments within a shorter period. The days of waiting to receive payments are all over, thanks to instant withdrawal casinos.
At BestSouthAfricaCasinos, we have created an in-depth guide about online casino payouts and compiled a list of the most recommended fast casino platforms. Stick around as we dive into the full details of the fastest South African casino withdrawals.
Fast Payout Casino in South Africa 2023 – Find the Best Match Below!
What is a Fast Payout Casino?
Fast payout casinos are popular betting sites that process withdrawals within the shortest time possible since you can use fast transaction methods like PayPal for instant payments. Unlike most platforms, these sites have little to no pending payment times. Once you request your casino winnings, you’ll receive them within minutes.
The best part about fast payment casinos is that there are no verification documents you need to send or hoops to jump through to receive your money.
How to Get Started at Fast Payout Casinos
Factors to Consider When Choosing Fast Payout Casinos
When ranking the fastest casino withdrawal, our expert team uses strict criteria to assess a gambling site. We rate our fastest payout casinos based on licensing, processing time, and banking methods. Below are some crucial boxes a casino must tick to get the green light from us.
Licensing Information
To enjoy quick withdrawals, the first thing to confirm is if the online casino is licensed. For obvious reasons, legit casinos stick to the payout terms stipulated on the T&Cs page. An excellent South African online casino should be licensed by the National Gambling Board (NGB). Licensing from the UKGC (Gambling Commission), MGA (Malta Gaming Authority), Kahnawake Gaming Commission, and other legal bodies is a must if it's an offshore casino.
SSL Encryption
Check if the fast payout casino uses SSL encryption to protect player data and transactions. Some casinos blindfold players with quick withdrawals only to put their security at risk. So, make sure the website URL link starts with an "HTTPS" code and has a padlock icon. Click the icon to confirm if the connection is secure or not.
Transaction Pending Period
After winning money at a safe and secure casino, head straight to the payment section and find out the pending period. The payout period varies between casinos, whether licensed or not. For example, some casinos promise withdrawals within five business days, whereas others send your money in 48 hours.
Cashout Methods
Different cashout methods carry different waiting periods. For example, most e-wallet options like PayPal, Neteller, and Skrill have instant withdrawals. On the other hand, bank transfers and credit card payments can take up to five business days.
Minimum/Maximum Withdrawal Limits
Another solid reason not to overlook the terms and conditions page is that you can find withdrawal limits here. Some gambling sites cap withdrawal limits for the fastest payment methods.
Weekend/Holiday Payouts
The weekend might be when you dabble in online gambling, but what happens if you win big on Friday night? Do you have to wait until Monday to cash out? Not necessarily; the best instant withdrawal casinos should offer weekend and holiday cashouts. However, this depends on the selected payment method. For example, bank transfers and credit card transactions are only processed on working days.
Customer Support
A fast payout casino should offer efficient player support. Any ordinary casino player will encounter a few challenges at the fastest paying casino. Therefore, it's paramount that casino support is available 24/7.
Player Reviews
Last but least, make sure you find out as much information about the casino as possible. Where else can you find first-hand information if not from other casino players? There are many online community forums where players discuss their experiences with casinos. You can also check BestSouthAfricaCasinos regularly to find out the latest information.
Fastest Payout Online Casino Guide
E-wallets and cryptocurrencies offer the fastest casino payout methods. For PayPal, Neteller, and Skrill, the processing time is usually no more than 48 hours, but at fast withdrawal casinos, the transaction period can be 24 hours or less.
On the other hand, cryptocurrencies offer faster and more secure transactions, thanks to blockchain technology. This payment method involves direct transactions between the casino and the player’s wallet. By making payments with crypto, you remove intermediaries like banks and other financial institutions, which are the leading cause of delays. Below is a more in-depth look at the most popular casino payment method options.
Paypal
PayPal is the most popular e-wallet today. Established in 1998, more than 370 million users now use PayPal since it is 100% safe and has zero transaction fees. When using PayPal for gambling at instant withdrawal casinos, deposits are usually fast, while withdrawals take between 24 to 48 hours (or less, depending on the online casino.)
Neteller
Neteller is another fast withdrawal method that rivals PayPal in most aspects. This e-wallet was launched in 1999 and is operated by Paysafe Group, a British payments company that also owns Skrill. This payment method is available at most online casinos, with Neteller deposits earning bonuses like free spins and match bonuses. Additionally, withdrawals often take 24 to 48 hours, although there is usually a small processing fee.
Skrill
Initially called Moneybookers, Skrill is a UK e-wallet launched in 2001. First, Skrill deposits are instant and can qualify players for bonus deals, depending on the casino. Skrill also supports instant online casino withdrawals. Another thing, Skrill charges player-friendly deposit and withdrawal fees, which are lower than what other e-wallets charge.
ecoPayz
Established in 2000 by Phil Davies, ecoPayz is an e-wallet based in Seoul, South Korea. This e-wallet option allows players to withdraw casino winnings within 24 hours. Deposits are also usually instant with a minimum limit of $1. Note that ecoPayz deposits typically qualify for deposit deals, and the bankroll tool can help players track their spending habits at the casino.
Paysafecard
Paysafecard is a prepaid online banking method launched in 2000. Choosing Paysafecard as your preferred casino payment method allows you to make instant top-ups. To make a deposit, you’ll enter the 16-digit PIN. Unfortunately, you cannot make withdrawals from an online casino using this option. Moreover, Paysafecard deposits often have a limit, which may not entice high rollers.
Visa
With over 50 years of service, Visa currently ranks as one of the safest payment methods at online casinos and sportsbook sites. Payouts via Visa are processed within minutes and often have little to no transaction fees depending on the betting site. To use Visa, select it as your payout method at the casino cashier and enter the amount you want to withdraw and your Visa card details. Then, confirm the withdrawal.
Pay By Phone
Still unconvinced by the options above? Consider using pay by phone for fast casino payments. Although phone bills mainly support deposits, withdrawals are also possible. Pay by SMS, for instance, supports direct transactions between the casino and the carrier network. Just register a phone number and link it to the casino. Then, select the phone bill method and complete your withdrawals in minutes. You’ll receive a confirmation SMS when the transaction is done.
Cryptocurrencies
Love them or hate them, digital coins like Bitcoin, Bitcoin Cash, and Litecoin are the future of payments. These transactions use blockchain technology to ensure safe and secure payments. Crypto payments usually don’t involve intermediaries like banks, making transactions fast and anonymous. Best of all, since the coin value for digital coins like BTC is higher than fiat currencies, crypto deposits often qualify players for a staggering bonus.
Slow Online Casino Banking Methods
If you’re only interested in the fastest payout casinos, you should avoid sites that only accept slow methods. So, which are the transaction methods to avoid regarding speed? Before we list a few, it’s vital to understand that casino deposits are usually instant, regardless of your chosen banking method. But if you want fast cashouts, you should steer clear of the options below.
Bank Transfers
Bank transfer is a standard transaction method at most casinos but is also one of the slowest. Depending on the gambling site and the bank, withdrawals can take between 1 and 7 days. Banks need time to approve the transaction before crediting the money into your account; when you consider that banks follow working hours, you will likely experience delays in receiving your money.
Debit and Credit Cards
Although debit card withdrawals are secure, they can take a long time. Most of the time, the money takes 1 to 3 working days to arrive in your bank account after being approved by the casino. In addition, most casinos don’t offer bonuses for credit card deposits.
Check
If you’re lucky enough to win a massive jackpot, the casino will most likely send your money in a check. That’s because checks are easy to write and safe to deliver. The casino will write you a check and mail it directly to your doorstep. On the downside, checks can take 7 to 15 business days to arrive. It can take longer if the check is sent from an offshore casino. Plus, once the check comes, you must wait for your bank to process it.
Pros and Cons: Fast Payout Casinos
No serious gambler would miss a chance to play at a fast payout casino. These casinos have many perks that guarantee exciting gameplay. But don't forget, there are a few drawbacks as well. Below are the advantages and disadvantages of fast payout casinos.Pros
- If you choose a fast payout casino, withdrawals will only take a few hours – 24 hours at most
- Fast payout casinos offer speedy withdrawals via cryptocurrencies, pay by phone bills, and e-wallets
- Nothing can be more frustrating than waiting to make withdrawals on a weekday. But the opposite is true about fast cashout casinos
- Normally, a fast cashout casino won't charge any transaction fee. And if they do, it's anything between 1% – 3%
- Unlike standard gambling sites, which care little about player complaints, fast payout casinos have around-the-clock support via phone, email, or live chat
Cons
- Fast payout casinos are often regulated and licensed. For this reason, they don't operate in jurisdictions where online gambling is illegal
- Due to their strict nature, fast payout casinos often suspend players for no good reason. This can be a failed KYC process or simply for using an alias name
- After making a withdrawal request at a quick cashout casino, it's almost impossible to undo it. So, be careful before confirming a request
How to Withdraw from a Fast Payout Casino
Withdrawing money from a fast payout casino is the same as withdrawing cash from any other online casino. However, if you’ve never done this before, follow the steps below.
- Step 1: Assuming that you already have funds to withdraw, the first thing to do is open the “Payments” page and select your linked banking method. Some casinos can call it the “Cashier” or “Banking” page.
- Step 2: Next, enter the amount you wish to cash out. Then, confirm the payment.
- Step 3: After you’ve confirmed the withdrawal request, the casino will send you a message to confirm the same. The processing duration can take between a few minutes to 7 days.
It’s worth noting that most casinos have a KYC (Know Your Customer) process that you have to complete before you can make withdrawals. This process aims to verify that you are the account holder to prevent money laundering. The casino will often ask for a government-issued ID or passport and a recent utility bill or bank statement copy to show proof of residence.
Fast Payout Casino Bonuses and Promotions
One thing is sure; any online casino worth its salt offers players incentives after making a deposit, usually in the form of a deposit bonus. Some casinos credit player accounts with free spins or bonus money just for signing up. However, your payment method can affect whether you receive a bonus or not.
Most fast payout casino methods like Skrill and Neteller qualify for deposit bonuses. Cryptocurrencies like Bitcoin and Dogecoin can also help you get casino bonus promotions. Disappointingly, credit card deposits rarely qualify for bonus promotions, but you can find some on offer at the best online casinos in South Africa.
Always read the fine print to ensure your banking method qualifies for bonus deals. The bonus terms page is where you’ll find things like the wagering requirements, bonus expiry duration, and minimum qualifying deposit.
How to Avoid Delays at Fast Payment Casinos
You may play at a fast payment casino but still, endure slow payouts. You can avoid this by following a few of our tips below.
Meet Wagering Requirements
Before withdrawing winnings from bonuses, you’ll often need to complete wagering requirements. Make sure you fulfil these, so you don’t run into any issues at the cashier. You may need to wager your bonus a certain number of times or have earned a specific amount before you can cash out.
Use the Same Deposit and Withdrawal Method
Although this may not seem obvious, using the same payment method to make deposits and withdrawals can speed up payout times. For example, if you deposit with a Visa card and save it to your account, you can save time by selecting the saved card to withdraw.
Complete the KYC Process
Make sure you complete any necessary verification checks since failing to do so may slow you down at a later date. When signing up, always use your legal name, and enter your actual email address and phone number. In addition, provide crystal-clear pictures of identity documents. By doing this, the casino will know you are the actual account holder and will release your money sooner.
South African Online Gambling Laws
Gambling in South Africa has been a push-and-pull affair for a while now. While reformists want to open up the iGaming market to generate more revenues, traditionalists wish to maintain the current status quo. In simpler words, online gambling sites are currently illegal in South Africa.
It all began in 1994 when the government placed a blanket ban on gambling activities within its borders. Then, the future started looking bright in 1996 after the National Gambling Act was passed. This birthed the current National Gambling Board, which regulates local online and land-based online casinos.
But the situation for online gambling didn’t improve. In 2010, the courts barred offshore casinos from operating in the country. So as it stands, it’s illegal for an offshore casino to operate in South Africa. A 10-year jail term, 10 million Rand penalty, or both await if found guilty.
Interestingly, no one has yet been arrested and charged for illegal gambling in Zuid-Afrika. Even more encouraging is that offshore fast payout casinos gladly welcome South African players aboard. These two reasons are why the number of online gamblers in South Africa is rising.
FAQs: Fastest Payout Casinos SA
What is the best payment method for fast casino withdrawals?
While there is no definite answer here, cryptocurrency is the fastest online casino withdrawal method. Usually, withdrawals will take no more than 30 minutes. E-wallets like Neteller, Skrill, and PayPal also offer instant cashouts, although processing times depend on the casino.
What is a pending period for casino withdrawals?
The pending period at a casino is the time it takes for you to receive your money. Pending periods differ at each casino depending on factors such as your withdrawal method. Most of the time, cryptocurrency and e-wallet withdrawals are instant. On the other side of the coin, Visa and MasterCard withdrawals can take 3-5 business days, with direct bank transfers dragging to 7 days.
Can I trust casinos that offer fast payouts?
Yes, you can. Fast payout casino sites are just like standard online casinos, if not better. These casinos are licensed and regulated by legit bodies like the UK Gambling Commission, Swedish Gaming Authority, and Malta Gaming Authority. The only difference from other casinos is that you'll get your money quickly.
How long does ID verification take?
You need to verify your account to enjoy fast and uninterrupted online casino withdrawals. Fortunately, the casino will only ask for essential documents like a copy of your utility bill and a government-issued ID, driver's license, or passport. The process should be complete within 48 hours or less.
What payment methods should I use for fast payout?
Luckily, there are lots of fast payout payment methods out there. In the case of e-wallets, use options like Neteller, Skrill, Paysafecard, PayPal, and ecoPayz. As for cryptocurrencies, many online casinos support payments via Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, and Ethereum. All of these methods ensure fast payouts.
Do faster online casino withdrawals cost more?
Generally, casinos don't charge players extra for fast payouts. There could be transaction fees, but you'll need to read the terms and conditions to see how much these are.
Does the casino payout amount affect the withdrawal duration?
Actually, no. The withdrawal period has nothing to do with the amount you cash out. You can withdraw any amount whether you're using PayPal, Bitcoin, or bank transfer. Note, however, that some e-wallets have limitations on the maximum amount you can receive. Therefore, use a check or direct bank transfer after winning that Mega Moolah jackpot.
What games are available at a fast withdrawal casino?
There is no difference between standard and fast payout casinos regarding the game library. You'll spin reels supplied by innovative game developers like Microgaming, NetEnt, Betsoft, Pragmatic Play, and many others. Fast payout gambling sites also offer table games like blackjack, poker, roulette, craps, and baccarat. Plus, you can catch some live action in "Live Casino" rooms.