Fast deposit vs. fast payout
We mentioned high-speed transfers but beware of platforms that advertise as such. A money transfer goes two ways. You send money to the operator, a deposit, and you receive funds from the same entity, a withdrawal.
An online casino may have a banner claiming that it provides speedy monetary transactions, but is it a two-way street? Some operators may trick you with such a claim. By a fast transfer, they may only mean that when you try to fund your account that transaction, will happen instantaneously.
Instant deposits are the industry standard. So, no operator should boast about that. Immediate withdrawals are what matter. No one wants to land a big win and then wait a week to get united with their prize. That can be the longest week of your life.
The winners are e-wallets!
MasterCard and Visa are the two mainstay credit/debit card options that virtually all gambling platforms accept. Yes, they are accessible, seeing as most people have one, but they are also slow. You can make an instant deposit through both options, but a withdrawal usually takes between three and seven business days.
The reason above is why e-wallets are the preferred option for most gamblers. These electronic pocketbooks help facilitate a super-quick removal of funds from your casino account.
Using an e-wallet for a payment method can help you get your winnings within hours. Usually, you won’t have to wait more than a couple.
EasyEFT’s primary advantage is that it suits the needs of South African residents. It is a method specifically designed for them. Thus, you can transact with your casino of choice using Rand.
It has no fees, all deposits should go through instantaneously, and it is one of the most secure ways to send and receive money over the internet. Withdrawals occur within a day or two, vastly faster than popular credit card options.
Globally, Skrill is one of the top payment options for gamblers of all regions. Its popularity with South African players is rapidly increasing year-on-year.
It is super-easy to use, allows Rand transactions, and implements high-level security measures. Its processing fees are low, and its transfer speeds are unmatched. If you opt for it, most withdrawals should happen within 24-hours, and sometimes sooner.
Neteller is a Paysafe Group e-money transfer service. The Paysafe Group also owns Skrill, so it provides many of the same benefits as its sister wallet.
Many gambling sites encourage the use of Neteller. It is a secure method that has reasonable fees and fast processing times. Selecting it as your gambling choice will mean that you will get your winnings within a 24-hour to 72-hour window.
How to make a quick first withdrawal?
Making sure that you get money quickly is not as simple as picking the right payment provider. Know that you will also have to put in some work as well.
Gambling platforms must follow laws in the jurisdiction from which they operate. That means that they must abide by something known as a Know Your Customer procedure. It involves a process where you have to verify your identity with your chosen operator.
Most gambling sites will ask that you provide a government-issued ID, a recent utility bill that lists your address, and maybe even some bank documentation. Make sure you have these on hand the moment you register and provide them as soon as possible.
You can still deposit and play while you wait for the verification process to finish.