Canada's Best Fast Payout Casinos 2022

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.

How Do I Withdraw Funds from a Canadian Gambling Site?

1. Head to the Cashier Section
   If you’d like to make a withdrawal, this starts with a withdrawal request, which can be made at the online casino’s cashier page. Select your preferred withdrawal method from the list of options and key in the amount you’d like to withdraw, bearing in mind that the casino will set its own minimum withdrawal amount, which is usually $5, $10 or $20. If you’re wanting to withdraw a sizeable amount, you may also want to consult the casino’s maximum withdrawal limits, which may be capped at daily, weekly, or monthly amounts. 
   The time it takes to receive your funds depends on the payment method you use for the withdrawal. If you’re looking to get hold of your winnings as soon as possible, you’ll want to pick a method that can facilitate fast withdrawals — e-wallets are known for being the best option here. The casino will publish a list of expected payout times for each of its withdrawal methods, so take a look at these to help inform your choice.
   
2. Wait for the Casino to Process Your Request
   When you make a withdrawal request, the transaction must be processed by both the casino and the payment provider. Most Canadian casino sites commit to processing all withdrawals within 24 hours, but some allow themselves 48 hours or longer. 
   New sites recognize that fast payouts are a major lure for prospective gamblers, and will allocate more resources towards the completion of know your customer (KYC) checks to help speed the process along. These checks are an integral part of a casino’s licensing terms, requiring them to verify the identity of their customers before processing their withdrawals. At the best fast withdrawal casinos in Canada, these checks are completed in a matter of minutes. 
   
3. Wait for Your Payment Method to Process
   Once the casino has authorized the withdrawal, it’s over to the payment provider to process the transaction at their end. This is where the payment method you’ve chosen plays a crucial role: if you’ve selected older banking technology such as credit or debit cards, vendor processing can take anywhere up to six working days; for newer banking systems like e-wallets, processing can be completed in an instant. 
   If you’re simply withdrawing your casino funds back into your e-wallet, the longest you’ll usually have to wait for vendor processing is 24 hours. However, if you’d then like to withdraw your funds back into the wallet’s linked bank account, this can take up to five working days. 
   
4. Enjoy Your Funds!
   When processing checks have been completed on both the casino and payment vendor ends, the money will appear in the designated account, and you’re free to enjoy it as you please. 

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.

ecoPayz users will also be able to participate in a tiered loyalty program structure. All ecoPayz account holders will automatically be enlisted into the lowest tier, and can work their way up through silver, gold, platinum, and VIP status, receiving better perks as they go. 

Alternatively, MuchBetter is another popular e-wallet option for Canadian gamblers. It shares all the same benefits as ecoPayz, including a loyalty points scheme. You’ll receive 25 points as soon as your MuchBetter account is verified, and there’s also an annual MegaDraw that awarded 60,000 USD to one user in 2020. 

Both ecoPayz and MuchBetter offer their customers a dedicated Mastercard, through which they can access their account funds and make payments at any vendor that accepts Mastercard transactions around the world.

Making payments with both of these methods is straightforward, with transactions authorized through linked account information such as usernames, email addresses, and passwords. This adds an extra layer of security to the process, since there’s no need to share sensitive banking information with the casino. It’s rare that this exchange causes problems at licensed casino sites, but you may enjoy the peace of mind that comes with extra security provisions. 

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.

Fast Withdrawal Casino Bonuses

Fast withdrawal casinos typically offer their members an enticing welcome bonus when they first join, followed up by other offers and promotions on a regular basis. We’ve broken down some of the most common bonus types below, but before we go on, it’s important to warn our users that many sites exclude their fastest payout methods from accessing these bonuses. This is because these methods are susceptible to bonus fraud, since more than one account can be created by the same person. Be sure to check the site’s terms and conditions for a full breakdown of payment exclusions. 

Matched Deposit Bonuses

When you see a matched deposit on offer, the casino is agreeing to meet your deposit at a certain percentage and up to a set limit. A common offer for new players is 100% up to $100, which would double any deposit made up to $100 with bonus funds. Watch out for wagering requirements, which require players to wager their bonus a certain number of times before they can request a withdrawal of any winnings.

Free Spins Bonuses

Free spins are often included as part of a welcome bonus at Canadian fast payout casinos, arming players with a bundle of spins to use on top slot games. It’s likely that these spins will only be eligible to use on one, or a small selection, of slots, and players will need to make use of them within a specified time frame. Free spins for existing players are offered in exchange for a minimum deposit, such as 20 free spins when depositing $10.

No Deposit Bonuses

Want to try out a new casino site without committing any of your own cash? That’s exactly what no deposit bonuses offer, giving new players a small amount of bonus money as soon as they’ve created an account at the casino. These amounts are smaller than matched deposits, usually under $20. 

All casino bonuses will come with their own set of terms and conditions, including wagering requirements, time limits, winning caps, game exclusions and payment exclusions — particularly relevant at a fast payout casino. Be sure to read the T&Cs before you commit to a bonus.

Fast Payouts via Loyalty Programmes

The best fast payout casinos in Canada will run loyalty programs for their members. These schemes reward loyal customers of the casino, offering a number of VIP perks in the process. One of these may be a commitment to offering instant withdrawals, which sees the casino dedicating time to ensure your withdrawals are prioritized above other players.

You won’t normally need to opt-in to any loyalty program, instead your deposits and bets are automatically used as currency here — the more you wager, the greater your rewards will be. As well as faster withdrawals, perks may also include personalized account management, higher deposit and withdrawal limits, an increased number of bonuses and promotions, and invitations to exclusive tournaments and events. As such, loyalty programs are often most relevant to players with large bankrolls.  

Mobile Casinos

These days, all Canadian casinos work hard to replicate the experience of playing games at the desktop version of their site with the mobile equivalent. Through high-quality optimization, mobile players can access their favourite casino games through their mobile browsers. 

The best casinos, however, provide native mobile apps, available to download from Google’s Play Store and Apple’s App Store, depending on whether you’re an Android or iOS user. We always recommend playing through these apps if possible, as they offer faster loading times and snappy interfaces, while enabling push notifications means you’ll never miss the casino’s promotions. 

Fast withdrawal casinos and mobile gameplay go hand in hand. Many fast payout providers will have their own native apps, allowing players to seamlessly transition to their mobile casino. This integration means casino players can switch between organizing their funds, playing games, and making deposits and withdrawals with just a few touches.