Best 4 Highest Payout Online Casino Sites in Canada
The best payout online casino is the demand for all casino players. After all, you played with such enthusiasm and have won the slots or the jackpot prize and now you want to encash your wins in CAD back to your account. But do you get your wins instantly? No, you do not and yes you do if you choose the fastest withdrawal mode like eWallets or cryptocurrencies BTC, LTC, or ETH which take only a few minutes to one hour of time to get the cash prize.
Why are not all sites in Canada the best payout online casinos?
This is the number one question asked by many players and the answer is simple. As each casino is different and has its own deposit and withdrawal policies. It also depends on the banking methods you choose when withdrawing your wins. Thirdly casino requires proper winner authentication and demands such documentation as proof like your valid ID, DL, Utility Bill, and Bank proof to believe that the winner is genuine and this process takes time.
Generally, almost all Canadian-friendly online casinos sites in Canada offer banking methods such as credit cards, debit cards, prepaid cards, checks, BTC, LTC, ETH, BTCH, and eWallets. Most of the time, players can use the method they use to deposit funds for withdrawals too. Withdrawals through e-wallets and BTC, LTC, ETH, and BTCH are the fastest, followed by credit cards, Bank Wire, and checks. It takes the longest to withdraw winnings through checks, which is why hardly any player requests payouts through checks these days.
Then what are the best highest payout online casino sites in Canada? Well, keep on reading below to find out.
Top 4 highest paying online casinos
1. Casino.com
Casino.com is Canadian friendly best payout online casino whereas as a new player you are offered 100% up to $400 + 200 spins.
The processing time for withdrawals here are:
- Credit card VISA- 0-3 business days
- Neteller- Instant
- Skill- Instant
- EcoPayz- Instant
- Instadebit- up to 24 hours
- Debit- Up to 24 hours
- Instant banking- 0-5 business days
- Bank Transfer- 0-5 business days
Click here to join the casino now
2. Spin Casino
At Spin Casino which is another best payout online casino you can play slots with iPhone; Grab CAD1000 as a welcome bonus and $200 as a free bet to do sports betting.
- Neteller- 24 hours
- Skrill- 24 hours
- Idebit- Up to 48 hours
- Instadebit- 48 hours
- Instant banking- 3-7 business days
- Credit card VISA- 2-3 business days
Click here to join the casino now
3. Gaming Club
The Gaming Club is another best payout online casino in Canada that boasts over 500 feature-filled games to enjoy and a $350 double deposit welcome bonus when you sign up at the casino.
- Credit card VISA- 2-3 business days
- Neteller- 24 hours
- EcoPayz- Instant
- Skrill- 24 hours
- Eco Card 1-2 days
- Instadebit- 48 hours
- Idebit- Up to 48 hours
- Echeck: 3-8 days
- Instant banking- 3-7 business days
Click here to join this casino now!
4. Rich Casino
Rich is casino is the super best payout online casino that offers 25 free spins as well as a 200% match deposit bonus to new players.
- EcoPayz-Few hours
- Skrill- 24 hours
- Bitcoin- Instant
- Neteller- 24 hours
- AstroPay- Instant
- LiteCoin-instant
- Visa and MasterCard- 3-6 working days
Quickest payout
As now you understand the quickest payout depends on the withdrawal method that you choose at the online casino to get back your wins. e-wallets like Neteller and Skrill are considered the Quickest payout methods followed by others. If the best payout online casino allows you to make a withdrawal of your winnings by Bitcoins then cryptocurrencies of all kinds are also considered as the quickest payout.
Fastest withdrawal
The time taken to withdraw winnings using various banking methods will give you an idea about the fastest withdrawals at best payout online casinos
eWallets – Casinos usually take anywhere between 24 and 48 hours to process payouts through eWallets, although certain casinos allow players to withdraw their winnings instantly through methods such as Neteller, Skrill, ClickandBuy, ecoPayz, and more, all are commonly accepted web wallets which allow you to withdraw quickly. The process is instantaneous, therefore your funds are generally processed right away but it is important to remember it isn’t direct to your personal account and it can take a few days to withdraw from your web wallet to your personal account.
Credit/debit Cards – Players who choose to withdraw winnings through credit/debit cards have to wait up to five days to see their money in their accounts. Visa is a popular credit and debit choice to make a deposit, but when it comes to withdrawals it can be quite a slow option. It can take anywhere from 24 hours right up to 72 hours or more, as it comes down to what bank you use and their policies. MasterCard generally isn’t available for withdrawals but you may be able to opt for Maestro, though this brand still sees the same processing times as with all other credit and debit cards if accepted.
Bank Wire Transfer – This method can take as many as seven days.
Bitcoins– usually takes 10-30 minutes for withdrawal.
Checks – Checks take as many as 21 days or even more to reach players as online casinos do not accept responsibility for postal delays. Some casinos courier checks to their VIP players or demand payment from all players who wish to receive payments through courier checks.
Bonus Opportunities
There are awesome bonus opportunities at the best payout online casino. Besides the regular no deposit or welcome bonus of joining the casino, the best payout online casinos also offer you a bonus if you pick the right withdrawal method. Like if you pick Instadebit as a deposit and withdrawal then Spin Casino Canada offers you a $10 free bonus. Similarly, many other best payout online casinos have bonus offers for eWallets and Bitcoins.
FAQ
Is it legal to play at online casinos in Canada?
It is legal to play at online casinos in Canada. Most of the offshore online casinos are well regulated and licensed casinos where there is all legal to play and win. The Kahnawake Commission located in Quebec the Mohawk territory of Kahnawake saw the potential of online gaming in 1996, subsequently setting up the Kahnawake Gaming Commission of that year. This commission as well as Malta and other gaming authorities offshore casinos are legal in Canada.
Q2. How to withdraw winnings?
You can withdraw winnings by simply heading to the cashier or banking page of the best payout online casino. On the page select your method of withdrawal, type the amount you wish to withdraw and follow the given prompts or instructions. You can make a friendly withdrawal with Bitcoins, eWallets, Instadebit, and others.
Note that withdrawal fees vary from one banking method to the other and from casino to casino. For example, you can move funds to and from their Skrill accounts and online casino accounts for free; however, you have to pay a fee of $3 to transfer the funds from your Skrill account to your banking account. Neteller also charges reasonable fees although it is free to move funds from one’s Neteller account to one’s online casino account and to withdraw winnings back to one’s Neteller account.
Players should also note that they may have to pay higher fees for withdrawal methods such as checks and bank transfers. Usually, casinos charge in the range of $30 – $50 for withdrawals through these methods. Before selecting a withdrawal method, players should study the various fees associated with it in order to avoid running up to unnecessary costs.
Q3. How long the process takes?
As mentioned above the withdrawal process depends on the method of withdrawal that you have picked. Credit card withdrawals take more time, whereas e-wallets and bitcoins are instant. Certain restrictions are enforced on the amount players are allowed to cash out within a month. In many cases, players can withdraw as much as $50,000 within a period of 30 days but again, there are specific limits for each casino. Note that in some instances, players are limited as to the number of cash-outs they are allowed within a week or month.
Remember that for security purposes, casinos require players to submit certain documents before processing their payout requests. The casino may request documents such as photographic ID (passport, national ID card, or driving license), utility bills (electricity or phone bills), and proof of ownership of credit/debit cards or eWallet accounts. International money laundering and fraud regulations require casinos to request documents from their gambling customers.
Q4. What is the minimum withdrawal?
Each best payout online casino has set its own withdrawal limits. These limits may be affected by the payment solution used to process the transactions. With some methods, the limits are much higher when compared to those set for other banking options.
The deposit limits involve the minimum and maximum amounts players are allowed to transfer to their casino accounts per single transaction. These restrictions differ wildly from one casino to another but normally fluctuate between a $1,000 and a $5,000 upper limit per transaction. Meanwhile, the minimum normally ranges between $5 and $20 for deposits. Same way VIP players have higher withdrawal limits. When you withdraw only Bitcoins then the withdrawal limit is generally a minimum of 0.0001 BTC to 3 BTC at many casinos. Also, your winnings are not taxed in Canada.
Q5. What is a payout percentage?
It is the predicted return you will get from a bet in the casino when you play there. Games like slots, blackjack and roulette will have a payout percentage attached to some bets. For instance, a payout percentage of 97% means you would expect a $97 return from betting $100.
Q6. What is considered a good payout rate?
Payout rates of 96% and above are considered decent. There are many online slots that will offer these percentages and the very best casino payout rates will be in the 98%-99% range. Casino payout rates differ depending on the games you play — but all games will have a very slight benefit in favour of the casino.
Q7. What is the average payout of slot games?
The average payout of slot machines is expected to be within the 95% to 97% range. Bonus features in some slots may add to the percentage payouts further to 98%-99%. It is, therefore, always suggested to check what the average payout is when playing online slots.
Q8. How fast will the payouts be done?
Many online casinos process within 24 hours, as players become accustomed to slow payouts. Many sites offering the best odds online in casinos will also process transactions within 24 hours if you use e-wallet services. Others might require 1-3 days to process withdrawals. Each site will stipulate how quickly their payouts are processed but the best online casinos will generally be faster.
Conclusion
The above-mentioned are some of the best and Highest paying casinos online. Enjoy!
