What does fast payout mean to you, when you see it listed on a site?

[bethug]

I see more and more casinos and sportsbooks say fast payouts,
Is fast payouts 5 days? or 24hours?

[cipher]

Originally Posted by bethug

I see more and more casinos and sportsbooks say fast payouts,
Is fast payouts 5 days? or 24hours?

This is the one issue that will be more responsible for casino closings this year than any other. Some of the more well established casinos are aware of this fact and are doing things to implement faster payouts. In my opinion there is no acceptable reason NONE, ZIP, NADA for any casino not to have sufficient enough funds on hand to provide for same day payouts.

Anything short of same day payouts is a very good indicator that a casino is not well funded and that they are in fact using player deposits to shore up themselves.

Lastly I'd really like to see some input from the casino operators themselves on this issue. Thanks for bringing the issue up Bethug and have a good one.

[largeeyes]

Fast payouts is within 24 hrs. I accept long cashouts, 5 days + as long as the history is good and good bonuses are involved. It seems they cost themselves more in bonuses to make us accept such long delays than they would just paying fast.

[universexf6]

Originally Posted by bethug

I see more and more casinos and sportsbooks say fast payouts,
Is fast payouts 5 days? or 24hours?

Fast payout means at least within 48 hours. Those casinos who are trying
to convince you it takes 6-7 days for them to "reach" to neteller is as if
they are living in Africa or somewhere between Himalaya to me.

[bpb]

Originally Posted by cipher

Anything short of same day payouts is a very good indicator that a casino is not well funded and that they are in fact using player deposits to shore up themselves.

I would tend to agree with this statement in general. Kiss and Delano are two examples of casinos where very long cashout times preceded their eventual closing. I'm sure there are many others.

However, Casino-On-Net has one of the longest cashout times. All indications are that they have a huge player base, and are extremely profitable and stable. Yet they take 5-7 business days to pay even established customers. They also have subpar software (in my opinion), and pitiful game selection. Why have they flourished?

[Weedlayer]

Originally Posted by bpb

However, Casino-On-Net has one of the longest cashout times. All indications are that they have a huge player base, and are extremely profitable and stable. Yet they take 5-7 business days to pay even established customers. They also have subpar software (in my opinion), and pitiful game selection. Why have they flourished?

I agree that CON's software is not as good as most others, and their cashout time is ridiculous. On the positive side I have found their customer service to be exemplary so far. But the best thing about them is their fun promotions, and reasonable requirements. Other casinos could take a lesson.

As for this thread, a fast cashout should be 48 hours or less.

[bethug]

bpb, con at the start marketed very well, and always paid. I think if con was to do 24-48 payments to its loyal customers, more of us would come back and play often.

[Ed Ware]

Hi Cipher

Very happy to respond as this is an issue very close to our hearts. I believe it's pretty straight forward in that it means players get paid as fast as is physically possible. The only constraints to immediate payment are third parties (such as the banking systems) which in many countries do not operate at the weekend (I ask you!). That apart, once the player shows up at the cashier / teller / and in our case, banking screen and requests payment, then that is it: "get on with it please and pay me"!

I realise there is a raft of differing opinion on this score throughout the industry and many operators choose to play it in an alternative way. However, it's our policy to pay without delay with a very limited (or none at all) reverse cash-in period.

Hope this is a worthwhile contribution, regards

Ed Ware
32Red

[cipher]

Originally Posted by Ed Ware

Hi Cipher

Very happy to respond as this is an issue very close to our hearts. I believe it's pretty straight forward in that it means players get paid as fast as is physically possible. The only constraints to immediate payment are third parties (such as the banking systems) which in many countries do not operate at the weekend (I ask you!). That apart, once the player shows up at the cashier / teller / and in our case, banking screen and requests payment, then that is it: "get on with it please and pay me"!

I realise there is a raft of differing opinion on this score throughout the industry and many operators choose to play it in an alternative way. However, it's our policy to pay without delay with a very limited (or none at all) reverse cash-in period.

Hope this is a worthwhile contribution, regards

Ed Ware
32Red

Hi Ed:

Your point about the weekend is valid. It's great to have your participation and input. Have a good one.

[jerseyguy11]

i dont deal with companys that pay longer than 48 hours. the only exception is casinowebcam which pays once a week.