Looking for the fastest way to withdraw from your sportsbook balance? We’ve put together a list of our favourite withdrawal online bookmakers and our top recommendation is Bet365
Fast Payouts Explained
Fast Payouts In a Nutshell
If you’re looking to access your betting funds quickly, there are a number of banking methods that can give you your cash in a matter of hours. These are predominately e-wallets, like PayPal, Skrill and Neteller. When you withdraw your funds using an e-wallet your cash will be accessible from your e-wallet account, but if you want those funds in your personal bank account then you will have to move them across separately. There are also certain services provided by card companies, such as Visa Fast Funds, which give customers their funds just as quickly if not more so.
Fast Withdrawal Banking Methods
What Fast Withdrawal Banking Methods are Available to You
There’s no universal fastest payment method at online betting sites. Different bookies feature varying speeds for their supported payment methods. However, a common theme is e-wallets offering some of the fastest withdrawal times. These online banking services allow you to deposit your money instantly and in some cases, let you withdraw your funds in as little as 24 hours, making them some of the fastest paying methods available.
Registering an E-wallet Account
- Sign up
If you don’t already have an account with the likes of PayPal, Neteller or Skrill, signing up is easy. Virtually all e-wallet providers simply ask for a few personal details to verify your identity. PayPal let users sign up with just an email address and password, which you use to login whenever you make a payment.
- Add source of funds
You can use your e-wallet to store your bank cards as your source of funds when you make a payment, or link your e-wallet to your bank account. You’ll have to confirm your bank account to complete the process. PayPal, for example, will deposit 1p in your bank account. You’ll find a 4-digit code next to the 1p deposit on your statement, which you can use to verify your bank account.
How to Sign Up
How to Sign Up to a Fast Payout Betting Site
Finding the right fast payout betting site for you can be a little tricky. Luckily we’ve outlined the process of identifying the best site, as well as how to sign up and claim your welcome bonus.
- Choose your favourite fast payout bookie
If you’re looking for the best fast payout bookmakers in the UK, then you need to look no further than our list at the top of this page. Read through our reviews of each operator for everything you need to know before you choose. We cover everything from the bookie’s fastest withdrawal options to its bonuses and free bets, as well the range of markets and the availability of exciting features like live streaming and cash out.
- Complete a Know Your Customer Check
Once you’ve made your choice of bookmaker, you will need to complete a Know Your Customer (KYC) check. This is simply a check of some of your personal details by the gambling site so that you can prove that you are who you say you are. The information you will need to share is proof of age, such as a scan of your passport or drivers licence, and proof of address, such as a recent utility bill. Bookmakers nowadays make it incredibly easy for customers to share this information, with some providing a centralised document submission service while others make use of external software.
- Claim Your Welcome Bonus
Once you’ve become a verified member of your chosen sports betting site, the next step is to claim your welcome bonus! Some sportsbooks will require you to make a deposit in order to first claim a welcome bonus, so make sure that you have a banking method registered with the site before you claim. What’s more, many bonuses will have wagering requirements that will need to be fulfilled before you can claim your funds, so make sure that you’ve read the terms and conditions of that bonus.
How to Withdraw
How to Withdraw from Your Chosen Betting Site
Whether you’ve won a few bets and want to get your hands on your winnings, or if you would simply rather just have your cash back in your possession, you’re going to want to know how to withdraw your money from a quick payout bookmaker. So let’s run through how you can make a quick withdrawal.
In order to begin the process of withdrawing your money, you will need to click on the cashier section of your chosen bookmaker. When you’ve done this, you’ll then need to select the amount you wish to withdraw, choose your chosen payout method and press withdraw. If you plan on using an e-wallet, then make sure that the payment option is supported by the sportsbook before you start playing.
If you’ve selected an e-wallet as your chosen withdrawal method, you will be taken to the login page of that e-wallet. Here you will have to enter your email address or phone number in order for the payment to be processed by the e-wallet and betting site.
When your payment has been confirmed, you will receive a notification from your e-wallet provider either by email or SMS message. And once this has been received, then the transaction will be complete.
Withdrawal Processing Times
E-wallets are often the quickest available banking methods when it comes to payouts, but they can still be subject to the processing times of individual sportsbooks. This means that there will be some variation in fast payout times depending on which betting site you use. Bookies such as Bet365 Ladbrokes are two of the quickest, with PayPal withdrawal times processed within a maximum of 24 hours.
Alternative Banking Methods
Other Fast Withdrawal Banking Methods
E-wallets are not the only banking methods or services available to punters, with a selection of other options customers can also use to withdraw their cash.
Debit cards are the traditional banking method when it comes to online gambling, with cards from a variety of different providers accepted at almost every online betting site. Deposits are usually instant and your personal information will be protected by your bank’s own encryption software. Payouts made with debit cards are a bit slower, however, with it taking up five working days sometimes for your money to appear in your account. The five-day wait is the worst-case scenario, however, as the typical time frame for debit withdrawals is three to five working days, with some withdrawals even taking as little as 24 hours to process.
Visa Fast Funds
If your debit card is provided by Visa and issued by one of the UK’s major banks, then you should be eligible for the Fast Funds service. Fast Funds delivers your funds in as little as four hours if you’re playing at bookmakers such as Ladbrokes and Coral, for example. If you are eligible, then you should see the Visa Fast Funds logo on the cashier page when making a withdrawal, which will be a stopwatch next to your card number.
Fast Payouts on Mobile
Looking to place your bets on the go? You’ll get access to all the same markets, bonuses and promos, whether you’re betting on desktop or your mobile device. You’ll also be able to deposit funds or make a withdrawal on the go. Virtually every sportsbook offers a mobile-optimised website, but the best bookies also have a native app you can download on your phone’s app store. The two options aren’t all that different and often look identical, but with push notifications and quick access to your favourite markets, we think native apps are the best option.
New Betting Sites
New Betting Sites
Give a New Betting Site a Try
It’s not only the established names of the sports betting industry that can offer bettors fast payout times. There are plenty of newer sportsbooks that let punters access their cash in a matter of hours. Mr Play, Betiton and 10bet, for example, give e-wallet users the opportunity to claim their funds in as little as 48 hours. Plus, with newer sites often featuring player-friendly bonuses with minimal wagering requirements, rapid payout times are just the icing on the cake.
Ready to Play?
Now that you’ve got the lowdown on the quick withdrawal payment processors, the only thing left for you to do is to select a betting site from our list of top sportsbooks, sign up and claim your welcome bonus!
Is it free to sign up for an e-wallet?
Signing up to an e-wallet is indeed free, which means that all you need to get yourself registered is to provide your email address and/or phone number. PayPal is free for personal transactions where no currency conversion is involved. However, some e-wallets will attach fees to deposits made using certain payment methods. Skrill, for example, charge fees of 1% for deposits made using the majority of payment options, while companies such as Neteller will charge slightly more at 2.5%. You may also encounter withdrawal fees, which can be as high as 7.5% for Visa transactions with e-wallets such as Skrill.
Can I make withdrawals with a Paysafecard?
Sadly not. Paysafecard is an excellent prepaid card that doesn’t require customers to share their bank details when they purchase a card while giving them a convenient way to deposit. But while you can deposit funds using a Paysafecard, you cannot withdraw those funds and you will have to use an alternative payment method.
Can I withdraw my funds using a different payment option than my deposit method?
That depends on the betting site you’re playing with. Some give you the convenient option of allowing you to deposit your funds using a debit card and withdraw them using an e-wallet, while others will require you to use the same payment method throughout. It is best to check out the terms and conditions of your favoured sports betting site before you make a deposit just to make sure you know how to withdraw them.
What is the most I can withdraw using an e-wallet?
The maximum withdrawal amount of an e-wallet will all depend on the individual withdrawal limit of each betting site. Some bookmakers will allow you to withdraw a large amount, while others will limit the size of payouts at any one time. Again, it’s best to check out the terms and conditions of the gambling site before you sign up just so you know how much you are able to withdraw if you land some sizable winnings.
Can I withdraw using a credit card?
Not anymore. The use of credit cards in all forms of gambling was prohibited by the UK Government in April 2020 in response to their Review of Gaming Machines and Social Responsibility Measures. As such, you will have to use an alternative payment method to both deposit and withdraw your betting funds.
What should I do if I have a problem with my withdrawal?
If you don’t receive your payout in the time specified by the betting site, or encounter any other sort of withdrawal problem, it is important that you get in touch with both the sportsbook and provider of your payment option. The customer support team at your chosen bookmaker will be able to give you more information on the status of your withdrawal request, while your bank’s support team will let you know if the request has been received and whether there is anything blocking the transaction.
Do online sportsbooks accept cryptocurrencies such as Bitcoin?
Cryptocurrencies such as Bitcoin are some of the widely-talked about banking methods available to online customers, with many able to make a profit from the cryptocurrency if it’s global value increases. Unfortunately, however, it is not common for cryptocurrencies to be accepted at online sportsbooks. As such, you may struggle to deposit and withdraw your funds using these banking methods.
Can I make a fast withdrawal of my bonus winnings?
This depends on the terms and conditions of your bonus. You may get a free bet or bonus for your first deposit. However, winnings from this aren’t always available to withdraw right away. While it’s more common at casinos, some bookies do stipulate that any bonus winnings must be subject to wagering requirements. For example, you may be given a 2x wagering requirement, with qualifying bets outlined as those placed on markets with odds of 2.0 or over. We recommend reading the fine print before claiming your bonus.
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