Online gambling businesses use an array of marketing strategies and user incentives to attract players. Promotions that include a match on deposit, free spins and cashback, are quite common nowadays. This means that operators need to up their game if they wish to be more appealing to new players. One of the big pain points is the speed of payouts in online gambling, and if you read negative user reviews they often complain about the withdrawal time.

Having better access to your funds is simply considered safer and it has led to a new trend. Casino online sites often market themselves as instant cash-out operators, and this is a feature that strongly resonates with gamblers. What’s more, it’s easy to find the fastest payout online casino operators, so long as you are using trusted review sites. That being said, a lot of players skip reading in-depth reviews that explain how these instant cash-outs are possible. Here we will explain the conditions necessary for quick withdrawals, and why these perks are often only available to VIP members.

Player Expectations

First off, online casino fast withdrawals are possible, but new players often expect things to work differently. They just want to spend their funds and get their winnings within minutes, which is how normal gambling joints operate. However, when you play on the internet things work a bit differently. If you read the Richard Casino review you’ll see that there are withdrawal limits and that it needs to comply with the laws of Curacao. Meaning they are held accountable if they offer services to minors for example.  

So, unlike in land-based establishments, the operator cannot see you and therefore doesn’t have any idea if you are a minor or not. They need to confirm your identity and they also need relevant documents for the payment processor you are going to use. This means that the financial institution (bank or non-bank) will also need to green light that payment. Finally, you are playing on a site that is based in a foreign jurisdiction and cross-border payments take longer to clear and approve. The point is, that there are a lot of hurdles to overcome before instant cashout can be achieved.

Why are Fast Payouts a VIP Perk  

Player loyalty and quick payouts are usually tied together. Users trust operators with fast processing time more, and by default are more likely to play on sites they trust. From that perspective, businesses should strive to facilitate efficient processing for all of their users right? Well, not exactly.

If you recall, there are many bonuses available, and players readily claim them. They make small or no payments to qualify and extend their game time. This means that not every customer generates profits for an online casino. So, it’s only natural that they would want to retain and accommodate those who spend more. 

If you look at almost any VIP program you’ll see that you need to spend at least $1000 to qualify and get the personal account manager. What this means is that someone will be more proactive in processing your withdrawal request. They will approve the documents and maybe reach out to the payment company to expedite the process.

Does This Mean Instant Cashout Isn’t Possible for Casual Players?

Although VIP membership has a big casino withdrawal efficiency impact, non-VIP members can still do a few things to achieve almost identical benefits.

●  Verify the account – Just respect the operator’s KYC policy and submit the verification documents beforehand. If you are doing the verification concurrently with cash out the process will take longer.

●  Test payments – If you have enough funds eligible for withdrawal, and if you have already verified the account, then initiate a cash-out request. Let the payment processor clear that first transfer so the future transfer will be pre-approved. 

●  Respect the cash-out limit – Every online casino user has a daily limit on how much money they can withdraw. There are also weekly and monthly limits. So long as your payouts are within those limits there shouldn’t be additional delays. 

●  Avoid promotions with hefty wagering requirements – Unless the bonus explicitly states that it is a no-wager promo, then you might want to avoid claiming it. Some operators use software to automate the playthrough requirements calculation, but not all of them. If they have to manually check whether you have satisfied the bonus terms it will take more time to approve your request.

Conclusion

Rapid payouts and casino retention rates go hand in hand. However, the players also need to show they want to use the website in the long run. If they are only there to use promos and move on they cannot expect the same treatment. Undergoing the verification or making bigger deposits is a sign of commitment, and gambling sites will go above and beyond to keep those players around.