Sarah Jacobson 
Those who enjoy playing casino games will be split on the one variable that is the most crucial in determining a platform’s success. Some will argue that it’s the choice of games that they have on hand, while others will say it’s a notable social media presence that will help them get ahead of the rest of the industry. However, you’ll find a growing number of gamers and industry experts waxing lyrical about the real potential of casinos that can offer instant withdrawals.
Casinos that make it their mission to facilitate faster withdrawals are pitting themselves against some of the strongest competition in the global industry, but this element of casino gaming is undeniably important. Experts at newcasinos.com/ consider how many payment methods an online casino offers, the speed of their deposit and withdrawal methods compared to their competition, withdrawal limits and any potential fees.
So, if all online casinos use the same general withdrawal and deposit methods and the biggest names in the business often boast withdrawal times equal to or better than any new casino, how are new providers making headway into this industry? Today, we aim to answer some of these interesting queries and provide insight into how the industry is adapting to ever-changing payment methods and transaction speeds.
The Importance of the Niche
Casino companies spend extensive sums of money and significant time exploring SEO strategies that bring in the highest potential number of customers. New platforms need to spend as much time as possible, perform the right level of market research, and understand that their niche is often the integral feature that will result in them making a name for themselves or getting lost in a quagmire of similar providers all fighting it out.
As the number of casino games started to bottleneck, withdrawal methods became a new frontier for casino platforms to attract new customers through their digital doors. It’s vital to get the niche right and ensure that there is a gap in the market, as if platforms get this wrong, they can be swallowed up by an unforgiving industry.
Instant Withdrawal Casinos: Payment Methods Used
A casino that focuses on instant withdrawals is hanging a sign on itself saying that it can get your winnings to you quicker than the competition can.
As a general rule of thumb, these are the most common payment methods you can find at an online casino:
- Apple Pay
- Google Pay
- Bank transfers
- PayPal
- VISA/Mastercard
- Neteller
- Cryptocurrencies
Exploring the Speed of Each Payment Method
If we break these payment methods down into different sections, each payment method has its own pros and cons, which can make it more difficult to guarantee a quicker withdrawal. This is especially true with more established payment types. Bank transfers can also be tricky, as many of them depend on the bank you use.
However, the main battleground for instant withdrawal casinos focuses on e-wallet payments like Apple Pay, which is erupting in popularity. This is especially true since a recent EU change has meant the tech behemoth must share its revolutionary tap-and-pay technological developments with other fintech providers.
Rulings like this increase the number of companies entering the industry and result in more casinos trying to find niche payment methods or get ahead thanks to quick withdrawal speeds.
By design, cryptocurrency casinos are meant to be instant. All of the transactions are viewable on the public blockchain, so it’s more or less impossible for a casino to claim that it can facilitate cryptocurrency payments quicker than other platforms they’re competing against. VISA and Mastercard payments are still the most popular avenues people use and the best that platforms can offer is within two hours.
Steps to Take as a Casino Customer
Instant withdrawal casinos might grab your attention, but you need to ensure that you don’t accidentally create barriers. For example, once you sign up for a site, the first step is to ensure you’re verified and tick the required boxes.
If you don’t verify your ID or payment methods, any withdrawal you initiate will face inevitable delays — this is also industry standard. Platforms must ensure they adhere to secure measures and verify the security and legitimacy of withdrawals as part of stringent anti-money laundering checks.
Conclusion
With so many different ways to deposit and withdraw, online casinos that develop a reputation as a fast and secure way to receive winnings will organically develop a good standing in the business.
As the number of payment methods continues to expand and more gamers seek out cryptocurrency and e-wallet payments, this area of the industry has one of the broadest potential scopes for change. Platforms continue to deliberate on this topic extensively.
So long as the providers who offer quick withdrawals can combine their service with security that protects payment information, has a broad range of games and has a competent customer support team on hand in case you experience any problems with your transaction, then they’re giving themselves the best possible chance to succeed.
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