What Are The Best Payment Options for Instant Withdrawal?
Bitcoin
Time to process withdrawal: Instant to a few minutes
- Bitcoin uses a strong hash algorithm, SHA-256 as the framework to secure its blockchain network
- Bitcoin has a volatile exchange rate, and there are limited casino sites with a withdrawal option
Bitcoin is a decentralized cryptocurrency that allows for quick and anonymous transactions. Rather than banks, transactions of the Bitcoin network are processed by other node owners who are active miners on the network. Bitcoin uses a combination of transaction hashing, mining, block confirmations, and game theory to make its blockchain impenetrable.
Casino players can enjoy instant withdrawals with Bitcoin, and it does not take as long as banks have to process transactions.
PayPal
Time to process withdrawal: Instant to 24 hours
- PayPal has user protection that encrypts your bank and credit card information, keeping that information safe by not sharing it with third-party apps
- PayPal withdrawals from online casinos incur fees
PayPal is a payment solution with an extensive network of merchants and widespread acceptance. PayPal, as a payment method in online casinos, typically sets transaction limits that range from NZ$10 to NZ$60,000, though these may differ based on individual casino policies and the user's account standing.
PayPal casino withdrawals can have 2%-4% fees, including currency conversion, which may lower the withdrawal amount.
The platform offers quick transactions, typically processed within 24 hours, and one-tap payments. For security, PayPal employs advanced data encryption techniques and real-time fraud monitoring to secure transactions.
Skrill
Time to process withdrawal: Instant to 24 hours
- It offers a prepaid card linked to your Skrill account for ATM withdrawals and direct purchases
- Skrill's customer support is limited, notably lacking a real-time Live Chat function
Formerly known as Moneybookers, Skrill is an e-wallet in the online gambling industry and beyond. It offers quick and convenient withdrawals, with funds being available almost instantly.
Skrill provides additional security features like two-factor authentication and anti-fraud measures. Skrill ensures instant withdrawals by providing the funds to users in advance before actual bank confirmation. Skrill also provides a feature called "Skrill 1-Tap," which allows for even more streamlined transactions with just a single tap, making it a convenient option for casino players seeking quick and secure withdrawals.
Neosurf
Time to process withdrawal: Instant
- Neosurf does not charge any fees for using their service
- Neosurf is not available for withdrawal
Neosurf is a prepaid voucher that allows for instant transactions that are conveniently managed through a mobile app. Neosurf voucher values range from the equivalent of about NZ$10 up to NZ$150. Players can bypass registration by entering the 10-digit code found on the voucher.
Casino players can purchase Neosurf vouchers with cash and use them to make deposits at online casinos.
Paysafecard
Time to process withdrawal: Instant
- Does not charge any fees for deposits at online casinos
- Paysafecard is not available for withdrawals
Paysafecard is a prepaid voucher that offers instant transactions without requiring no personal information. Players can purchase Paysafecard vouchers from retail stores and use them for online transactions. But there are certain restrictions on the deposit amount. Paysafecard offers prepaid voucher options from NZ$10 - NZ$100.
Paysafecard, while convenient, is not without limitations. It cannot be used for withdrawing winnings and is not accepted by all online casinos. Furthermore, if the voucher remains unused 30 days after purchase, a monthly maintenance fee is deducted from the available balance.
In conclusion, various payment options enable instant withdrawals in online casinos, each with its unique benefits and limitations. Bitcoin and PayPal offer swift and secure transactions, while Skrill ensures quick, convenient withdrawals. Neosurf and Paysafecard provide instant prepaid transactions, albeit with withdrawal limitations. Therefore, the best payment option for instant withdrawal largely depends on a player's preferences, requirements, and the specific terms of the online casino they choose to play at.
John Gold
Starting as a typical gambler, I was interested in how the industry works. And now, for more than 10 years, I see myself as a gambling expert. After trying out more than 500 pokies, I'm ready to share my insights and tell you what you need to look at to get a good gaming experience.
