Christoffer Ødegården on Why Fast Withdrawals Matter for Player Trust and First-Time Deposits

British bingo players want more than just great games. They want to know that they can get their money quickly and hassle-free when they win. Nobody likes waiting days to access their own winnings. That’s why fast withdrawals are a huge deal in iGaming.

When players can cash out their winnings quickly and easily, they trust the platform more. And when trust is high, they’re more likely to deposit again and keep playing. But it’s not just about keeping existing players happy – fast withdrawals can also encourage new players to take the plunge and make their first deposit.

To dive deeper into this, we spoke with Christoffer Ødegården, who is responsible for the marketing efforts at Bojoko. With years of experience in the affiliate industry, he has insights into how fast withdrawals impact sign-us. In this conversation, he shares why speed matters, how it affects first-time deposits, and how bingo sites can improve their withdrawal processes while keeping everything secure.

Why are fast withdrawals important for bingo sites, and how do they benefit players?

Players are getting more and more spoiled for choice and expect things to happen quickly. Speed matters. So, when it comes to withdrawals, it’s no different. If a player has to wait too long to get their winnings, they might get frustrated and look elsewhere. And let’s be honest, there are plenty of other sites out there that will offer a smoother experience.

When bingo sites offer fast and reliable withdrawals, it builds trust. Players feel confident their money is safe and won’t have to jump through hoops to access it. That trust keeps them coming back. It also means they’re more likely to deposit again because they know they won’t have to deal with a long, complicated withdrawal process later.

For operators, this isn’t just about making players happy – it’s good for business. Happy players stick around longer, play more, and recommend the platform to their friends. So, investing in a fast and smooth withdrawal system pays off in the long run.

How do fast withdrawals influence first-time deposits (FTDs), and how can they encourage new players to take that first step?

If you’re a new player looking for a casino to try, one of the first things many check is how they handle withdrawals. Nobody wants to risk their money on a site that takes forever to pay out. If an operator clearly promotes fast withdrawals, it reassures potential players and makes them feel more comfortable making that first deposit.

Think about it like online shopping. If a store promises quick delivery and hassle-free returns, you’re more likely to buy something, right? The same logic applies to bingo. When new players see that payouts are fast and reliable, they’re more inclined to try the platform. And once they have a good experience, they’re more likely to stick around.

In terms of direct influence on FTDs it can be a little hard to measure, but what we do see is that hundreds of Brits are specifically looking for fast withdrawal bingo sites every month. There are also thousands of other payment-related searches. In addition, we are seeing decent traffic and conversions from our page dedicated to bingo sites with short processing times. This page covers websites that ensure that your withdrawal is on your account in a matter of hours, if not instantly.

Generally speaking, if you have fast withdrawals, you should advertise this and be listed on relevant pages, such as ours. This will clearly impact FTDs, thanks to your speed alone. It's not too bad at all. 

How do fast withdrawals influence marketing efforts, especially when targeting first-time deposits?

Fast withdrawals are a great selling point in a crowded market. If an operator can highlight their speedy payouts in their marketing, it gives them an edge over competitors. As I mentioned, many bingo players actively look for casinos that offer quick withdrawals, so promoting this feature can bring in more first-time depositors.

At the very least, ensure that it is clear on all your affiliate partners and that you are present on their pages for bingo sites with fast withdrawals if these are available. Some comparison sites also have this information in their toplist, so ensure it is present. This information can lead to several additional players signing up and making a deposit.

Word of mouth is also powerful. Players talk, and if they have a great experience with fast withdrawals, they’re more likely to recommend the site to friends. This kind of organic marketing is invaluable because personal recommendations carry much weight.

However, while fast withdrawals are a great feature, they are not as effective as bonuses or even specific payment solutions. If you want to know more about strategies for increasing your FTDs, feel free to reach out to us. Some of the easiest solutions are to increase your welcome offer percentage above 100%, offer no-wagering bonuses, and allow bingo players to pay with their phone bill.

What do you see for the future of fast withdrawals in iGaming, and how will it evolve?

We’re likely to see more AI-driven verification processes that can speed up security checks without compromising safety, and players will keep expecting faster and more convenient options. We are already at a point where instant withdrawals are available, and those who don’t offer it will soon fall behind.