The fastest-growing payment methods for instant withdrawal casinos

Gone are those days when you had to wait for days and weeks before your transactions could be completed. And you can actually agree that this is not just a trend in the casino industry but in other sectors as well. Customers in this age like to have experiences that are almost immediate, and such have become important factors in the competition for business today. And if we were to actually consider statistics, a recent study showed that about 41% of customers wanted their online orders to be delivered within a day.

With such statistics pointing to an increasing preference for instant experiences, why wouldn’t you want to incorporate features that allow you to cater to such preferences? And more especially now that this sector has become very competitive, the need to be customer-centric is even more apparent. You can imagine how much it can cost you to stand out in an industry that already peaks at $97.15bn and is expected to grow by 6.2% in the next few years.

Therefore, in this article, we will take a keen look at how instant casinos are taking advantage of different payment methods to appeal to the need for immediate experiences. But before we go any further, let’s first discuss the importance of offering instant gratification.

The importance of instant gratification in the casino industry

If you are keen enough, you must have noticed numerous instant withdrawal casino platforms launching in the gambling sector. And just as we have already mentioned, this trend has been fueled by the need to access immediate experiences regardless of where you are.

For example, technology has made it possible to find services like banking with just the touch of a button. Those days when you had to travel for miles to spin the wheel are long gone. Mobile phones now allow you to get entertainment immediately—whether you are in the office, traveling, or anywhere else.

So, if you can find entertainment immediately, why not also access your transactions in the same manner? By the way, do you actually know that a study by WaitWhile revealed that about three-quarters of shoppers in the US alone felt bored and disrespected when waiting in queues? Offering instant gratification is not just a light matter.

Actually, according to PwC, speed is one of the factors that about 80% of American consumers find important in their shopping experience. That explains why casinos that allow you to access transactions in seconds have such a great opportunity to stand out. Let us now explore the different payment methods that make for such encounters.

Cryptocurrency payments

Have you ever asked yourself why the online casino industry has been opening up to digital currencies? Just the other day, a study placed the crypto gambling market size at a quarter of one billion USD. And as if that were not enough, the crypto bet count rose by more than 50% between 2022 and 2023 and might continue increasing in the coming days. Why do you think this could be so?

Well, fast transaction speeds are one of the features that have made a name for digital currencies. Just imagine the possibility of carrying out up to 65,000 transactions per second. That is what Solana offers, and we have not even mentioned the benefits of other top currencies like Bitcoin.

Most experts agree that a BTC payment can take as little as 10 minutes to confirm. Even though this figure may increase with rising transaction volumes, Bitcoin is still faster than traditional methods. Therefore, it is no surprise at all that instant withdrawal casinos are adopting digital currencies to meet the need for speed.

E-wallets

It might not really be surprising to see digital wallets dominate the casino industry for anyone who values speed, convenience and security. In fact, a Paysafe study showed that about 40% of players in North America and the UK considered fast and easy payouts the most important aspects when deciding where to play.

You will agree that as this market becomes competitive, the cost of advertising is also increasing. Compared to yesteryears, you now have to do a lot before you can find new customers.

But did you know that adopting digital wallets can actually help to enhance your brand perception? When customers see such features on your platform, they might feel that you think about them – which may encourage them to connect with you.

Plus, there are a lot of people already using digital wallets. According to Capital One Shopping, more than three billion people will already use this technology by 2022, which might increase to 5.2 billion in the next two years, accounting for about 60% of the world’s population. It is no wonder that casinos are adopting these wallets since a market already exists.

Below are some of the popular e-wallets you will encounter on most gambling platforms:

• PayPal
• Neteller
• Skrill
• Apple Pay
• Google Pay
• Trustly and many others

Technology has really changed how we consume entertainment and our expectations as well. You want to access transactions in seconds, just as you would different entertaining experiences.

And that is why instant withdrawal casinos that allow such encounters have been emerging. With fast payment methods like crypto and e-wallets, these platforms ensure that you can access your money within hours if not minutes.