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How long for online casinos to pay winnings?

The process of withdrawing is what players are looking forward to. Sometimes the online casinos are so fast that you can’t even say a word, the money is already in your bank account. But, unfortunately, there are casinos with a slower procedure. It takes them three, five or even ten days to process your request. In fact, it’s not all the fault of the online casino. To tell the truth, a money transaction is such a scrupulous thing that has to pass through several steps.

Banking options

First of all, the speed of withdrawal depends on the banking option you choose for payout. If you choose a bank card or transfer, prepare for a long waiting. Usually it takes about 3-5 banking days. Sometimes 1-2 days, but it’s rare due to the fact that the bank security department must check and confirm all the data. The fastest option is an e-wallet, of course. It processes money transactions within minutes. Instantly in some cases. Generally, it doesn’t even require any docs for verification. I’d say an e-wallet is the fastest and easiest method to take winnings from online casinos.

Casino department

There is a constituent of online casinos too. It’s the request processing. The department responsible for the withdrawal requests also affects the total waiting period. Of course, every online casino swears they do it momentarily and later it all depends on the banks. However, the casinos check the data and documents too before they send the request further. It’s an obligatory security measure. So, it may take some time. In case they lack some info about you, they might ask you to provide it. Be prepared. As soon as the security verifies everything, they will send the request to your bank or other payment system.

Verification process

Mind that your first withdrawal process will be the longest ever. This is because your online casino must confirm every single piece of information that it’s you and not a fraud or bot, whatever. That is the reason why they might want you to provide unnecessary docs from banks. So, don’t be rude with them, they actually help you to take your winnings. Afterwards, when the first verification procedure is done, all the next payouts will be fast.

Conclusion

All in all, no one likes to wait for a long time. Especially, players for their winnings to pay. So, make a combo using the fastest option – e-wallet and the fastest online casino to pay winnings. The latter you can find on our site. We have articles dedicated to the rated casinos with top fast payouts.

Red Stag is an American online casino but it can accept players from other countries too. The casino offers to play many table games and slots. And it has a phenomenal welcome package of $2500. As for the banking options, it accepts even bitcoins. However, not every method is dedicated to withdrawal. As a rule, there are more deposit options which are also faster than payouts. In fact, Red Stag swears the payout takes up to 3 days to process. However, let’s take a closer look at these options and time of their transfer.

Payment Systems

  • Bank cards. Mastercard or Visa are the most popular options. They accept only deposits and take no fees by Red Stag. As for the waiting time, all deposits are made instantly including the credit cards or debit.
  • Prepaid cards. Deposits only. They include Neosurf, PaySafeCard. The prepaid cards usually need some time for processing, like 1-2 days.
  • E-wallets. Skrill and Neteller are the fastest deposit and payout options in the list. They take almost no time to transfer. The maximum waiting period is 24 hours, but you’ll get the payment in less time, for sure.
  • Sofort. It’s a payment system leading in Europe. The service is intended for deposits only. It takes a maximum 4 days for processing. However, it may be instant too. It all depends on the load traffic of requests and security checks.
  • Bitcoin options. Red Stag offers several bitcoin systems: Litecoin, Bitcoin, and Bitcoin Cash. They are applied for withdrawals and deposits. As a rule, bitcoin’s system is one of the fastest. Up to 12 hours is the transferring period.
  • Cheque. It’s for withdrawals only. Casino delivers a cheque to you. This is the longest option of all, but some people like it. It takes 5-7 days to transfer the winnings.

Conclusion

Above I’ve mentioned only the average transferring time for withdrawals and deposits by Red Stag. Of, course, the actual time depends on other reasons too. For example, the online casino security service might need to verify your account and ask for some docs from you. After everything is confirmed, they will start the process of requesting at the payout option that you’ve chosen. That is why it takes so long. But don’t be annoyed, keep doing your things and the money will come.

People are pushed to stay in their homes since the world is isolated. However, the whole pandemic situation gets better. Due to the pandemic, the activity of online casinos has grown significantly. Overall, entertainment platforms continue to grow, and playing online we have to be aware of all ways to make everything simple. When we play casinos for real money, we need to make deposits and end up withdrawing the winnings.

Although online casinos have been around for many years. In fact, the mainstream began quite recently. Nowadays, people appreciate the convenience of online platforms, as well as online games even more.

When we talk about online casinos, the question of payment methods comes up. There is a growing demand for popular e-wallet payment systems. However, there is also tight competition between them. In this particular aspect, PayPal appears to be the industry leader.

PayPal and the rise of online casinos

As far as we play online casinos, we also make payments online. To be honest, there are many online payment methods on the market, but PayPal is a pioneer as the most trusted platform among all other electronic wallets.

Many factors affect the players’ experience in online casinos. One of these factors is payments. The way how you transfer the funds to the casinos directly depends on what payments system you chose. In the gambling sphere, players should easily make deposits, and quickly withdraw the winnings.

Hundreds of options are available now, however, we prefer PayPal. In the past, we believe that banking cards are the gold standard for transferring money. But the world is changing as we started to operate with many services via the internet.

Online wallets started to appear. Many e-wallets such as Neteller, Skrill have become popular. Although these platforms provide fast transactions and secure money transfers, they also request low transaction fees.

PayPal Casinos NZ

Hundreds of casinos in New Zealand use PayPal as one of their main payment e-wallets. Generally, no other payment system can compete with PayPal on the speed and convenience of transactions. It still remains one of the popular eWallet payment methods in the industry of online gambling. Players can use it to make easy and fast transactions and payments to casino accounts and back. History says that this giant payment system was founded back in 1998, and the first name was Confinity. Later in 2001, the company owners renamed it PayPal. In general, there are several important reasons why casinos work Paypal, these are:

Security – PayPal provides many layers of security measures of protection, to offer secure online payment through casinos since sometimes it’s tough to communicate with online casinos. The company offers top-security fraud protection.

Speed – We are not ready to waste our time depositing and withdrawing money from the gambling site. One of the main advantages of PayPal company is speed, smooth and efficient transactions. PayPal will save you from wasting time, and unnecessary headaches.

Low Fees – this is what PayPal mainly focuses on low fees. Therefore, you will not worry about losing money on transaction commissions. The price for activities is quite reasonable.

How did PayPal become popular?

At the beginning of online casino operations, people often chose alternative payment methods. However, a couple of years later, PayPal gained over 300 million users and became one of the most popular e-wallets in the world. Large corporations integrate PayPal into their systems and successfully cooperate with each other. All things considered, we can say that PayPal is already a mainstream service. Compared to Skrill and Neteller, they cannot compete with such a giant corporation.

This is why many players consider PayPal as a leading payment system to transfer money to casinos and back. The platform is fast, secure, convenient to use, and charges low commission fees. These are not all things that attract millions of players. The only drawback concerning online casino payments is that not all casinos support this wallet. In some cases, online casinos with PayPal do not offer additional benefits and bonuses for usage, compared to other payment systems.

Is PayPal Legal?

Yes, PayPal is one of the first e-wallets on the market and fully legal payment methods. Nowadays, more than 100 million people around the world use PayPal to make payments every day, including casino deposits.

It is worth noting that the answer to this question depends on the country in which you live. The fact is that payment via PayPal is limited in some countries. Moreover, some casinos may not accept payments through the PayPal platform, even if that method is legal in the country you live in.

If you would like to check if you can deposit or withdraw your winnings using PayPal, read the Casino Terms and Conditions or contact customer service. If the casino accepts PayPal, you will find it in the list of payment methods.

Do I need a bank account or credit card to open a PayPal account?

In order to open a PayPal account, you just need to enter your email address and confirm it. Your banking cards will be automatically linked to the PayPal account. For security purposes, when you make a deposit, the online casino will only see your email address. No personal information is transferred to casino administration or third parties.

When you make payments through your bank account, the recipient sees your personal information such as name, home address, and card number, and other banking details. Considering this, paying with PayPal is anonymous and secure. Therefore, nobody can see your data for personal purposes.

Do all online casinos accept PayPal as a payment method?
The gambling market is very competitive, so online casinos offer great deals to attract new players and keep regular ones. However, not all online casinos accept PayPal at this time.

We have covered all the ways to find online casinos that accept PayPal, but the gambling industry is constantly evolving and the number of online casinos that accept PayPal is growing rapidly.

Is PayPal the fastest way to pay?

Yes, paying with PayPal is quick and easy. The online casino receives a deposit within a few minutes. If you make a payment, you will also receive your money within minutes.

However, it should be understood that there are a few things to check before making a payment request. Firstly, if you played for bonuses, you must fulfill a number of casino requirements, which are indicated on the institution’s website. If you haven’t completed them, the casino will most likely refuse to pay you your winnings. In this case, you need to contact the operators of the support service. Secondly, it is important to pay attention to the payment methods. It is possible that the casino simply does not accept the payment method that you need.

The casino may also require additional documents from you, and if these documents are not verified, the casino may also refuse to pay out the winnings. As you can see, there can be many different reasons why you will not be able to receive money into your PayPal account.

Go to the official site of the gambling platform, go to the lobby with slot machines, choose any of them and select the “DEMO” mode.

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