Who doesn’t want to play at fast payout casino sites in Canada? Let’s face it, while we are thrilled to be able to make instant deposits, once we’re ready to cash out our winnings, we want this to be a fast process, too! We’ve discovered through our thorough testing of Canadian casinos that some sites are faster with payouts and withdrawal times than others.
Here’s our list of the best online casino fast payout sites for 2021!
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Top Canadian Online Casinos Payout Methods
When it comes to choosing a fast payout casino there are different factors to consider to ensure that you have indeed made the right choice for both your peace of mind and to ensure that you will enjoy the online gambling experience you want.
With that in mind, you need to ask yourself the following questions when considering your casino fast payout options:
- How safe is the casino and the payment methods?
- Are the payment methods available in CAD currency?
- What are the different payment options I can use to withdraw my money?
- How long will it take for a payment to process?
When you know the answers to these questions, you’ll be able to make the best and safest decision whenever you choose to enjoy your Canadian iGaming experience. At MapleSlot, we aim to help you with this process by providing you with the important casino payments information you need to make an informed decision.
Fast Payout vs. Instant Payout Online Casino
First and foremost, we’re just going to rip the bandage off quickly and tell you that no payment method that can be used for making withdrawals – even the fastest of the bunch – is truly instant.
Unlike making a deposit, where the money you deposit into your casino account is usually available immediately or a minute or two after you click the “deposit” button, withdrawals often take a couple days to process before you’ll see the money back in your bank account, eWallet account, etc.
There’s no such thing as an instant payout casino
Why? Essentially, withdrawing money from your casino account undergoes a different process to depositing. Unlike when you make a deposit, when you cashout, a staff member from the casino needs to verify your request and approve it.
Since those who work in the casino’s accounting division don’t typically work 24/7 (and sometimes not even on weekends), they might not check your account until regular business hours to make sure everything is legit and approve your request.
Additionally, a few other reasons why it may take a few days until you see your money may be:
- You’re given time to change your mind – Some casinos purposely don’t process withdrawal requests for 24 hours or longer to give you the chance to cancel your request and continue playing.
- Verification is required – Sometimes you may be required to provide the online casino with proof of ID. This usually occurs with the first withdrawal. It is done to protect against fraud.
- You have to wait on your financial institution to approve the transaction – Part of the reason why instant withdrawal casinos in Canada don’t exist is that sometimes how quickly money appears in your bank account has to do with your financial institution’s processing times and has nothing to do with the casino at all.
With this in mind, in our experience, we have found that eWallets tend to be the top casino fast payout option, particularly in the case of same day cash outs. Moreover, VIP members, especially high rollers, tend to enjoy faster payout perks, too. As such, many casinos do all in their power to receive and maintain the title of a fast payout casino.
The different types of payment methods
The best online casinos in Canada will not only offer you banking services from several companies, but also different payment methods. For instance, a premium casino will allow you to make deposits and withdrawals with options beyond only credits cards.
With that in mind, the most common types of payment methods available to Canadians at a fast payout online casino commonly include:
This payment method involves you borrowing money from a credit lender, such as Visa or Mastercard, to make deposits you pay back later.
With this payment method, you deduct money directly from your chequing account.
Online Bank Transfer
With this method, you make money transfers to and from your personal bank account. This may be possible through your particular bank or it might be a service offered by a third party, such as INSTADEBIT. This service, which is one of the most popular among Canadians, allows you to make payments directly from a participating bank where you have an account, without having to prefund you INSTADEBIT account.
Also known as a digital wallet, an electronic wallet (eWallet) is an online service that lets you deposit funds from your bank or credit card into an electronic wallet from which you can make online transactions. Examples of popular eWallets are ecoPayz and PayPal.
This is the most anonymous casino depositing method. It lets you deposit funds from a preloaded voucher or card you’ve previously purchased online or from a store. You simply enter in the pin number associated with the card to transfer the money from the card to your casino account.
While online bank transfers, credit cards, eWallets and debit cards can also be used via mobile, some services actually allow you to make deposits via a mobile phone app or eWallet. An example of this service is MuchBetter.
This is a highly secure digital currency. Using a cryptocurrency wallet, you can transfer and convert cryptocurrency, such as Bitcoin, into Canadian dollars or other acceptable currency to deposit at the casino. More and more casinos are starting to offer cryptocurrency, particularly Bitcoin, as part of their offered payment methods.
Fastest payment methods for Canadian players
Here’s a list of the fastest payment options for Canadians. We’ve covered each one in-depth to provide you with useful information to help you better understand how they work and why Canadian players like to use them. Simply click on the payment to learn more about it.
- Visa/Mastercard – credit/debit card
- Interac – debit card
- Paysafecard – prepaid card
- ecoPayz/ecoCard – eWallet/prepaid card
- INSTADEBIT – online bank transfer
- Trustly – online bank transfer
- Bitcoin – cryptocurrency
- MuchBetter – mobile payment app and eWallet
- iDebit- online bank transfer
- eCheck – electronic cheque
Payment methods not accepted in Canada
PayPal , Skrill and Neteller are three casino payments that have three things in common:
- They are popular, convenient eWallet options
- They offer quick payouts
- None of them are available to players from Canada
Wondering why these methods are not available, especially since Canadians can legally use these services for payments other than gambling? In short, online gambling in Canada is considered to be a “grey” market, due to our country not having a single governing regulatory body for gambling. Since we’re in this grey zone, some companies don’t want to take the risk of running into problems with our government.
Curious to know more about these payments and a more detailed explanation of why they aren’t available to Canadian online gamblers? We explain more about each method on their respective pages. Simply click/tap PayPal, Skrill or Neteller to learn more about these payments.
Security – Why It’s More Important Than Casino Fast Payout
While your focus may be to find the best fast payout casino in Canada, it is important for you to remember that security is always more important than how quickly a withdrawal is processed.
Security is the single most important aspect of any gambling site, whether they claim to be fast withdrawal casinos or not. The reason it is so important is that you need to make sure your funds are never vulnerable to those who may want to steal them. Here’s how you can make sure you’re playing at a secure site:
- Check the site’s security protocols – the casino should offer no less than 128-bit SSL (secure socket layer) encryption technology.
- Bankruptcy protection – In the event that the casino company should fold, go bankrupt, etc. the money in your account should be protected to ensure that whatever you deposited into your account will be returned to you.
- Verify ID – The casino should require you to submit personal documents, including proof of identity, proof of address, etc. to prove that you are who you say you at some point (usually when you first make a withdrawal). This may be a nuisance, but it means the casino is being responsible and making sure that fraudulent activity is not occurring.
Of course, the casinos in our list can all be trusted as security is at the top of their priority list. MapleSlot would never recommend to you a casino that offered less. We wouldn’t play at a site we deemed unsafe so we certainly wouldn’t recommend it to you!
Fast Payout Transaction Fees
While many payment methods at a fast payout casino are free to make a withdrawal, certain payment methods do charge fees when cashing out at the casino. That being said, typically the fees associated with payouts have to do with the payment methods themselves and your location. Rarely is it the actual casino that is charging a fee.
Examples of fast Canadian casino payments that may be linked with transaction fees include:
That being said, usually the fee isn’t charged by the casino, but instead occurs when you use the payment service to transfer money to your bank account. For instance, many Canadian banks charge between $1.00 and $1.50 for each Interac transaction.
Likewise, you may be charged to add funds to your ecoPayz ecoAccount, although depositing and withdrawing to your ecoAccount via the casino has no fees.
In other words, it’s important that you find out what fees you may incur by using the payment methods themselves as well as what a casino might charge you to use them. Moreover, casinos that charge a transaction fee to process a withdrawal are likely doing so to cover what it costs them to make this certain payment method available to you.
Still, you should always choose to play at casinos that do not charge you such fees.
Conclusion – What are the Fastest Payout Methods for Canadian Players?
Since we love to make things easy for you, the following is a quick and handy run-down of all the top fastest casino payouts for Canadians accepted by most fast payout casino sites!*
|Payment Method||Type||Transaction Fee||Average Withdrawal Time|
|Visa/Mastercard||Credit Card||No Fee||3 – 5 business days|
|ecoPayz||eWallet||No Fee||3 business days|
|Interac||Online Bank Transfer||Usually $1.00 – $1.50 Depends on your bank||4 – 6 business days|
|INSTADEBIT||Online Bank Transfer||No Fee||3 – 5 business days|
|iDebit||Online Bank Transfer||No Fee||3 – 5 business days|
|eCheck||Electronic cheque||Depends on bank||Up to 6 business days|
|Trustly||Online Bank Transfer||No Fee||1 – 3 business days|
|Bitcoin||Cryptocurrency||No Fee||Instant – 24 Hours|
|Much Better||Mobile Payment App /eWallet||No Fee||2 – 3 business days|
*Keep in mind that the above information is meant to provide you with a basic idea of what you can expect when making a withdrawal when using one of these payments. That being said, fees may be lower or higher than what we have provided and withdrawal times may be lower or higher than what we have listed as well. To truly know about the fees and withdrawal times associated with specific payment methods available at the casino of your choosing, sign up and have a look at their cashier or get in touch with their support.
Fast Payout Casino Canada FAQ
The safest method is the one that you personally trust and that is offered at an online casino that adheres to high-security practices, including no less than 128-bit SSL encryption technology to fully safeguard your transactions and your account 24/7.
Typically, no. You’ll either not be charged because there is no fee linked to the payment method you’ve selected or you’ll be charged the same amount regardless of how much you withdraw. That being said, do keep in mind that all casinos have minimum and maximum withdrawal amounts.
Withdrawal processing times vary from one casino to the next. That being said, processing times typically take anywhere between 24 – 72 hours (1 – 3 business days).
Yes. In fact, most casinos often require you to make your withdrawal with the same method you used to make your deposit unless your depositing method is not available for cashing out, such as in the case of a prepaid card like Paysafecard. In this case, you will be required to choose a different withdrawal method.
The casinos with the fastest payouts are those that offer all the top Canadian casino banking solutions. You can check out our list of fast payout casinos in Canada to find the ideal site now!