The UK gambling industry is currently going through a turbulent time. The government is soon expected to announce that changes will be made to the UK Gambling Act in order to ‘bring the act into the modern world.’ Online casinos and gambling websites are accessed by tens of thousands of UK casino players each day, but they are coming under increased scrutiny following the BBCs semi-expose on mobile gambling.
However, due to the ever-growing number of new online casinos being launched online too, casino players are in a fantastic position to be able to pick and choose from hundreds of different operators which means that the player has greater control than ever. And one of the most important aspects of any online casino from a player’s perspective, is how quickly they receive their winnings appear in their bank accounts.
Fast Withdrawals are a Top Priority
There is nothing more frustrating for a punter than having to wait days and sometimes weeks for their casino winnings to hit their bank accounts or e-wallets. When a casino player visits his/her local casino, they need only to visit the casinos cashier to be instantly credited with their winnings, all in cash.
On the other hand, when playing at an online casino, withdrawals can take a little longer. Some online casino sites can take weeks to process withdrawals, especially if it is a large withdrawal. Unsurprisingly, players quickly drift away from these casinos and gravitate towards the casinos which are now commonly known as fast payout casinos.
These fast payout casinos (also known as fast payout slot sites), are able to process withdrawals within hours. Players who make deposits using e-wallets such as PayPal will receive their winnings much quicker too. In fact, e-wallets are now among the best casino banking options due to how quickly casinos can process players winnings into e-wallet accounts.
As aforementioned, one of the main attributes which ensures a casino pays out winnings promptly is whether they allow players to make withdrawals using e-wallets. Popular e-wallets include PayPal, Skrill and Neteller and are also arguably the safest casino deposit and withdrawal methods. With e-wallets, you keep your bank details between you and the e-wallet which means you do not need to share them with the casino.
Of course, there are no fees associated with quick paying casinos either. In essence, there is no reason not to play at a casino which can transfer your winnings within a few hours. They have all of the same attributes as other casinos and more including the best games, the top security, fantastic customer support teams and a safe place to spend your time online.
What You Need
Of course, anyone who registers to any online casino must put forward certain documents before they are able to play. Proof of ID and proof of address must be provided as the casino needs to ensure that any player is legally allowed to play. You will also need to be able to provide bank details to prove that you can afford to deposit your money into your casino account.
It is important for any player to only play at regulated operators. Online casinos in the UK are regulated by the UK Gambling Commission, the UKGC ensures that the casinos always operate fairly as well as provide a safe space for gamblers.
In terms of major differences between casinos with superior withdrawal methods compared with others, there is not a great deal to talk about. It goes without saying that you should play at a place which offers you a selection of casino games that you enjoy playing.
In addition, whilst decoding all the different casino sites in the UK and talking to gamblers, we discovered that loyalty schemes are also important. You should play at a site which offers you rewards for playing. For example, Playzee is a great casino for offering regular players rewards for playing certain slots or for logging in on certain days. Skol is another newly launched casino which offers a fantastic loyalty scheme.
We hope you enjoyed this Business Telegraph gambling guide. If you would like us to write any further guides deciphering certain characteristics of the online gambling sphere, please just let us know.