Timely Payouts - your say

[Nifty29]

Hi Gang

Considering that timely payouts are one of the requirements for CM accreditation, I would be interested to see what timeframe everyone would classify as 'timely'.

Im talking about the time it takes from when you hit 'withdraw' to when the casino releases the funds i.e. when a neteller cashout hits your account (instant) or when a bank wire is sent (not received) or a check is sent. Most casinos send an email when this happens so that will be the time it is released.

Happy Voting!

[paulyt]

I voted for option 2 but I don't understand why all casinos can't be like 3dice. Instant to e-wallets and my last withdrawal to a credit card was also 'released' instantly.

[mattsgame]

Hi Gang

Considering that timely payouts are one of the requirements for CM accreditation, I would be interested to see what timeframe everyone would classify as 'timely'.

Im talking about the time it takes from when you hit 'withdraw' to when the casino releases the funds i.e. when a neteller cashout hits your account (instant) or when a bank wire is sent (not received) or a check is sent. Most casinos send an email when this happens so that will be the time it is released.

Happy Voting!

I clicked 1-24 hours. Although i have not experienced a cash out yet as i've only been playing for a little over 4 weeks. I think that if a casino can take your money at the click of your fingers they should also be able to pay you with a click of the fingers.(this is based on e-wallets)this including verification. I don't see how some casino's take 5 days to verify u. the 2 main casino's i play at 32red and casino titan did it on the spot. Of course i could understand if it was to go back to a credit card or cheque that it takes a bit more resource and time.

my 2cents

cheers matt.

[paulyt]

I should also mention 3dice paid me instantly without me having to send in docs. Slotocash was also pretty fast, about an hour after I asked them to 'flush' the funds.

[KasinoKing]

For a first withdrawal I think we all understand many casinos will require ID verification, so that one could take a bit longer.

But as to the general question of how long they should take (once you've been verified), it should never be more than 24hrs IMO. Many casinos do it instantly or within a few hours to web-wallets and debit cards - so why can't everyone do it?

KK

[doomed4ever]

After giving correct documents ID etc then withdraws should be processed within 24 hours or less. 3Dice is instant to neteller - 32red same or next day Intertops usually next day or has been for me with the 3 withdraws I had from their to my eteller. This should be standard practice for all casinos. 3 4 or 5 days pending is bull and even worse if requested withdraw funds sit in your accout being reversable until they actually get sent. I never play a casino now where they either do not flush instantly on request - or take more than 24 (48 hours max) to process a withdraw. No need for it with quite a few decent outfits who pay quickly ad without problem.

[eu_lowroller]

Many casinos do it instantly or within a few hours to web-wallets and debit cards - so why can't everyone do it?

That's really a very good question and i play also only in casinos, which can make my withdrawal within 24 hours and not more.

This is also the reason, why i'll never play on Paradise8 (Rival) because their first payout was very fast, but the 2nd one takes even 6 days and this is for me really totally unacceptable!

For Rival Casinos, Slotocash is the fastest one and they give me also great bonuses, because on Paradise 8 i have now only a 15% (JOKE) bonus with a 30x WR (deposit + bonus!!!!), but that's not all, because this rule is also ridiculous: "A maximum cashout of 30 times the bonus applies."

Since i'm a low roller, when i deposit $30, i'll get $34.50 and must turnover this 30 times and after that i can only cash out a maximum of $135 ???

Okay, let's go back to the topic please

[Balky]

For a first withdrawal I think we all understand many casinos will require ID verification, so that one could take a bit longer.

But as to the general question of how long they should take (once you've been verified), it should never be more than 24hrs IMO. Many casinos do it instantly or within a few hours to web-wallets and debit cards - so why can't everyone do it?

KK

Well stated! But I think that throughout the past few months there is a general tendency among the casinos to speed up the payments. It seems to me that they are forced to act that way due to the huge amount of competitors on the gambling market. If most of the players continually keep depositing only into fast-paying casinos, then the slowpayers cant survive unless they change their ways.

Balky

[Edward D. Wood]

Well stated! But I think that throughout the past few months there is a general tendency among the casinos to speed up the payments. It seems to me that they are forced to act that way due to the huge amount of competitors on the gambling market. If most of the players continually keep depositing only into fast-paying casinos, then the slowpayers cant survive unless they change their ways.

Balky

My opinion...YES this shake those old walls. When casinos can get money within sceonds, then also the player. 3Dice and Bodog showed us that this is possible. Inet and others followed this - they saw the sign, and what this meant for future business.

I don`t know what chasflow the online casinos have, but this is money, and I think that this is a big load and it produces also "imputed interest" (sorry, I don`t know the exact english word for this)....so they profit from the player a second time..holding winnings back...for bla-bla reasons...BUT, this is a short view in my eyes. A fast payed player will tend more often to came back than the others.

My 2 cents.....

[nisosbar]

Timeliness is a big drawing card when selecting where to play, for me. 3Dice, Bodog and, for poker, Full Tilt, are the only instantaneous payout sites for me. As to other sites, I haven't cashed out from all of them, but it's typically a slower payout process. I don't totally buy the excuses why it needs to take 4 or 5 days, because often the excuse is credit card fraud, but I deposit via credit card only occasionally. In cases where I do not deposit via credit card, why can't they discriminate between funds sourced to credit cards and funds sourced from other means? They are able to discriminate between bonus and non-bonus players. Seems to me they have the resources to do so using other parameters.