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Fastest payout Online Casinos in Canada

Before you can genuinely enjoy your online casino experience, you have to be confident that your chosen casino is going to handle your transactions efficiently and securely. Slow, incorrect, and lost payments can ruin your day so making the right choice in an online casino is essential. Canada's rapidly growing market luckily contains a host of operators with speedy transaction processes, but a few stand above the rest with reputations for lightning-fast payouts across all transaction methods.

Play at these Online Casinos with fast payouts

The basics

Before taking a look at the top casinos, you should consider your transaction needs and preferences and what rules would apply to your particular situation. Online casinos will provide you with certain options and you must understand what they are.

  • Same-day withdrawal normally pays your winnings within 2 to 24 hours. This now-ubiquitous innovation came about with the arrival of digital commerce technology like Cryptocurrencies and E-wallets. Same-day withdrawal is only available is you if you are using one of the required transaction methods.
  • Special offers and perks such as welcome bonuses often take longer to pay out than normal winnings. The specific rules for any promotion are made readily available by any reputable casino, so make sure to check the applicable transaction periods.
  • Regular bank transfers and cheque transactions, while still probably the most secure, have the lengthiest average transaction times attached to them, so you will be trading off security for speed if you use traditional banking institutions.
  • Instant banking payouts are a recent innovation that has transaction speeds comparable to cryptocurrency, but distrust from the market has seen slow uptake of this option.
  • Always keep in mind that while cryptocurrencies are efficient and almost universally accepted, their value can be volatile, and using instant-pay transaction methods may attract additional fees.
  • Make sure to manage your expectations when waiting for a payout as casinos have specific transaction periods that have to pass before your funds will be processed to your account.

Speed test

The speed at which you will receive your casino winnings is largely determined by your chosen payment method.

  • WebWallets such as Neteller and Skrill facilitate payments within 2-24 hours. If you use PayPal, you could wait as long as 72 hours.
  • If you use the more traditional credit, debit card, and prepaid card transaction options, your waiting period will normally be anything from 2-6 days.
  • If you want a bank transfer, you can expect to wait 3 to 7 days.
  • Bank cheques are fine if you don’t need your winnings anytime soon as this option generally takes 7 to 21 days.
  • If you fancy yourself a high roller, make sure to look into whether your transaction method has a monthly monetary limit and perhaps rather look at an unlimited option like PayPal that does not have any enforced transaction limits.

Wagering requirements are key

A guaranteed way to have a confusing and unfulfilling online casino experience is to ignore the terms and conditions relating to wagering and withdrawal requirements.

Wagering requirements are mostly standardized across the industry and will be mentioned alongside bonuses requirements, previous deposit requirements, and KYC (Know Your Customer) requirements.

Each casino will have its own version of these rules so it’s important to remain vigilant and not assume that one casino would operate identically to the next. The differences normally relate to wagering multiples around casino bonuses. You should be aware of how many times you will have to wager the equivalent of your bonus or deposit amount before you are permitted to withdraw any winnings. If you don’t measure up to the requirements, your withdrawal request will be denied.

KYC documentation

Any reputable online casino will not release winnings to you without first completing a verification process. This is in line with anti-money laundering and fraud control systems that protect your interests as well as the operators.

You will need to submit certain documents, so a good tip is to keep them handy in a specific folder so that you can proactively submit them as you will have to complete this process with every transaction.

The fastest paying Casinos

Six of the most reputable and fastest paying online casinos available to Canadian players are mentioned below. All of the operators listed accommodate most major transaction methods with ironclad encryption for your peace of mind.

  1. Caxino is a smaller operator with a great reputation, boasting a 100% match bonus with 100 Free spins with some payouts processing within 24 hours.
  2. InstantPay Casino is a new kid on the block with uncapped wagering bonus winnings and Instant payments for most of their available transaction methods.
  3. Lucky days has a massive $1500 welcome bonus and claims payouts within 24 hours.
  4. LeoVegas is an international household name with over 1000 slot titles and payouts within 24 hours.
  5. King Billy Casino offers bonuses for your first 4 deposits and pays out in up to 24 hours.
  6. Megarush Casino offers a 10% cashback as part of your welcome bonus with Instant payouts for some Ewallet transactions.

Casinos on the blacklist for poor payout performance

There are always some bad apples in a barrel and that rings true for online gambling as well. Below are six casinos Canadians should avoid at all costs as they have built unfortunate reputations for inefficient and missing payments. This is by no means a complete list of the country’s shady operators so be sure to check reviews for any site you plan to visit.

  1. 1. Amigotechs
  2. 2. Moore Games Casino
  3. 3. Slotland Casino
  4. 4. Cool Cat Casino
  5. 5. Oceans Online Casino
  6. 6. WinAsDealer

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Senior Editor Gayle Mitchell

LinkedIn Profile  Email Address gayle.mitchell@slotsonlinecanada.com

Gayle Mitchell is the leading female expert on casino gambling and has written extensively, presented seminars and was editor of four gaming newsletters. She is the author of seven books, 12 Ebooks, and five Tips booklets. Online since 1999, Mitchell has owned and operated 4 gaming websites. Her writing and teaching style is targeted at educating novice and passionate casino players.

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** This page was previously maintained by a staff writer up until 26 February 2021