Skip to content
Home » Best Payouts: Choosing the Right Withdrawal Method for Online Casino Winnings

Best Payouts: Choosing the Right Withdrawal Method for Online Casino Winnings

  • by
Best Payouts: Choosing the Right Withdrawal Method for Online Casino Winnings

Withdrawing your winnings should be just as easy as depositing funds into an online casino. However, choosing the right cashout method involves more considerations regarding fees, processing times, limits, and security.

This guide will compare the most popular RollXO Casino withdrawal options to help you find the best payout method for your needs.

#1 eWallets: Quick and Convenient

eWallets like Skrill, Neteller, and PayPal lead for fast withdrawals with a typical processing time of 24-72 hours. These methods also offer high limits, with some VIP programs eliminating caps altogether.

As virtual wallet services, eWallets allow players to store funds and transfer money to and from online casinos swiftly. Players can link bank accounts or cards to these wallets as well.

However, some eWallets impose hefty fees reaching 5% per transaction. And a few online casinos restrict bonuses when using these services to withdraw funds.

#2 Cryptocurrency: Modern and Secure

Cryptocurrency withdrawals appeal to players who value security, flexibility, and anonymity. Bitcoin and other altcoins provide pseudo-anonymous transactions without requiring extensive personal information.

In addition, crypto cashouts post rapidly, usually within 24 hours up to a week. And the blockchain technology behind digital currencies includes robust encryption protocols for transferring funds safely.

But crypto values fluctuate wildly, and some players may view exchanging payouts as an inconvenience. Transaction fees also apply, albeit minimal for currencies like Litecoin.

#3 Bank Transfers: Reliable With No Fees

Bank transfers, including bank wires and ACH transfers, offer a free and dependable way to cash out winnings. These methods link directly to your bank account for withdrawals and deposits.

Most banks don’t charge fees for incoming transfers. And limits often reach five to six figures, some with no maximums. You can expect bank transfer withdrawals in 3-7 business days.

However, this old-school route depends on banking hours and processing times. So bank wires aren’t ideal if you want your money ASAP. Providing banking details also raises minor privacy concerns.

#4 Prepaid Cards: Flexible With Some Drawbacks

Prepaid card services like Paysafecard allow players to withdraw to the balance of reloadable debit cards. These cards offer flexibility for online, in-store, and ATM transactions.

Using prepaid cards keeps banking details private for withdrawals. Limits can reach $10,000+ as well depending on verification level. You should see funds within 5-7 days.

That said, prepaid withdrawal methods charge higher fees around 5-10%. They also involve more steps, requiring players to use the cards afterwards. And not all online casinos offer prepaid card cashouts.

#5 Paper Checks: Slow Yet Reliable Payouts

Paper check withdrawals stand as the old-fashioned, lengthy route. While rarely the fastest method, checks offer reliability and high limits. Expect a check within 1-3 weeks after the pending period.

However, this route does involve fees up to $50 or more per check. There’s also the hassle of depositing checks at your bank. And anything could happen in the mail.

#6 Courier Services: Fast Cash for VIPs

Finally, VIP players at high roller online casinos may qualify for courier service payouts. These overnight methods send casino reps to directly deliver cash.

You’ll pay handsomely for the convenience, though, with fees starting around $500. Speed comes at a luxury cost. But courier payouts make for excellent PR photos!

Withdrawal Method Comparison

Method Speed Fees Limits Security
eWallets 1-3 days 0-5% High or none Encrypted
Crypto <1 week Minimal Variable Blockchain
Bank transfers 3-7 days None High Moderate
Prepaid cards 5-7 days 5-10% $10,000+ Encrypted
Checks 1-3 weeks Up to $50+ High Moderate
Couriers <1 day $500+ Minimum $10k+ High

The best withdrawal method ultimately depends on your priorities, whether fast payouts, privacy, reliability, fees, or high limits. Check your casino’s banking page for options.