Canada's Best Fast Payout Casinos 2021

What is a Fast Payout Casino?

A fast payout casino is one that can facilitate quick withdrawal times for its customers. An online casino’s processing time – the time it takes from the moment a customer makes a withdrawal request to the funds being sent to your payment provider – has traditionally been hindered by lengthy payment verifications. Coupled with transaction verification on the payment provider’s end, you can be waiting up to and in excess of five working days with some sites and payment methods.

At a fast payout casino, withdrawal times can shrink to within 24 hours, and in the best cases can happen almost instantly. Instant withdrawal casinos dedicate more resources internally to clearing through payment requests and the necessary checks, and the quick payment processing of modern banking options like EcoPayz means there’s much less friction along the transaction journey than there used to be. 

As demand for fast payouts has grown, more businesses are answering the call, and you’ll find the best online casino reviews for the best of them here.

How to Make Withdrawals at Fast Payout Casinos

If you’ve satisfied your gambling site’s wagering requirements and you’re ready to withdraw your cash, follow these simple steps to get your hands on it.

1. Request Your Withdrawal 

Head over to the cashier page of your online casino and pick your preferred withdrawal method. In terms of the quickest payout times, e-wallets generally offer the best option, but you can find the casino’s withdrawal time estimates for all of its payment options in its terms and conditions. Once you’ve selected your method, enter in the amount you’d like and submit your request.

2.  Casino Processing

Once you’ve submitted the withdrawal request, it’s over to the casino to process the transaction. Depending on the casino online and the payment method, this processing time can vary from a few minutes to a few days. Fast withdrawals aren’t limited to the biggest names, however, with many new online casinos Canada recognizing fast payouts as a major selling point for online gamblers. As a result, these casinos have targeted fast payouts as an area in which they can compete with some of their more established competitors, allocating more resources to the know your customer (KYC) checks and anti-fraud processes that can hinder transaction speeds.

3. Payment Vendor Processing

The next step is for your payment provider to process the transaction on its end, which can take up to five working days with some withdrawal options. If you’ve withdrawn to an e-wallet, this should happen within 24 hours, at which point you’ll have two choices: withdraw your funds to your linked bank account, or leave the money where it is to spend elsewhere. Withdrawing via a debit card may take five working days, and this can take longer if you opt for a traditional wire transfer.

4. Receive Your Money

Once everything’s been processed, your funds will appear in your account.

Selecting a Payment Method

We’ve broken down some of the most common banking methods at Canadian gambling sites. Not all of these can facilitate fast payouts – or any payouts, in some cases – but they nevertheless represent the wide range of banking options available to Canadian players. 

E-Wallets

If you’re after a fast withdrawal online casino, e-wallets are the best way to go. EcoPayz is the most widely accepted e-wallet at Canadian casinos,  offering lightning-fast payout times, high limits on deposits and withdrawals, and the ability link to several bank accounts at once. Making payments with these methods is also straightforward, removing the exchange of bank information at the point of transaction by authorizing payments through an email link, password, or a one-time PIN code. 

Visa and Mastercard

Accepted at almost every Canadian online casino, credit and debit cards have been the go-to payment method ever since the inception of gambling sites. Bank cards have among the highest limits on deposits and withdrawals, but aren’t typically capable of delivering fast payout times, which can take up to five working days in the slowest cases. However, Visa users can access the Visa Fast Funds facility to speed things up.

eChecks

You can make payments at online casinos with eChecks. These require exactly the same banking information as a physical check – including checking account number, check number, and routing number. Once your checking account has been verified with the casino, eChecks are a quick and convenient payment option, with high limits on deposits. Unfortunately, eChecks aren’t capable of processing withdrawals, so fast payout times are out of the question. Instead, eChecks should be considered in conjunction with other casino site banking methods.

Interac

Interac’s e-Transfer service is another useful option for Canadian online casino players. While Interac Online can also be used for deposits, only the e-Transfer service can facilitate both deposits and withdrawals. Unfortunately, this option is less widely accepted than other options listed here. Interac withdrawals tend to have similar withdrawal speeds to bank cards, and can take up to six working days in some cases. There’s also a small fee on deposits, though the size of this doesn’t change with larger deposits. For added security, transactions are authorized by a security question, though you can opt out of this feature if you prefer.

Cryptocurrencies

Although rare, Bitcoin and other cryptocurrencies have started emerging as payment options at some online casinos. Cryptocurrencies aren’t restricted by any financial institutions, so limits on deposits and withdrawals are high, and you can expect instant withdrawal times too. However, we strongly advise anyone interested in using these methods to conduct their own research first. Cryptocurrencies aren’t tied to any material currency, so trading with them is considered less economically secure than trading in dollars or other currencies. In addition to this, users of cryptocurrencies at online casinos won’t receive any customer support services from their cryptocurrency of choice.