Looking to access your winnings quickly? Our experts have tested the best fast withdrawal betting sites in the UK and ranked them based on withdrawal times for each payment method, compared the best and worst payment methods based on withdrawal times and reviewed the fastest bookmakers.
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Bet £5 Get £30 Free Bets
Valid Today
18+ New UK+ROI Customers only. Certain deposit methods & bet types excluded. Min first £5/€5 bet within 14 days of account registration at min odds 1/2 to get 6 x £5/€5 free bets (selected sportsbook markets only, valid 7 days, stake not returned). Restrictions + T&Cs apply. | T&C apply |
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Bet £10 Get £10
Valid Today
Place qualifying bet within 7 days of reg (Min £10 at odds of EVS+). 2 x £5 free bets awarded once qualifying bet settles (18+). Full T&C’s Apply GambleAware.org #ad | T&C apply |
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Bet £10 Get £10
Valid Today
New Customer Offer – Bet £10 and get 1 x £10 free bet. First bet must be at odds of 2.00+ (single or acca). New customers only. Real money bets only; void/cash-out bets don’t qualify. Free bet credited within 24h, valid 7 days. Winnings paid as profit only (stake not returned). Verification may be required. T&Cs apply. | T&C apply |
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Bet £10 Get £30
Valid Today
*New members only. £10+ bet on sports (ex. Virtuals) 1.5 min odds, settled in 1st 14 days. Free Bets: accept in 7 days, valid 7 days; £20 use on sportsbook, £10 on Bet Builder. Stake not returned. T&Cs + deposit exclusions apply. Bet Responsibly. GambleAware.org. 18+ | T&C apply |
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Bet £10 Get £30
Valid Today
18+ New customers only. Place a £10+ bet at min odds 1/1 (2.0) within 14 days of sign-up. Get £30 in Free Bets, valid for 7 days on selected bets only. Free stake not returned with winnings. T&Cs apply. BeGambleAware.org | T&C apply |
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50% Back as a Free Bet up to £25 on First Day Losses
Valid Today
New customers only, 18+, 3 bets of £10+ at odds of evens or greater. Max Free Bet: £25, credited within 24 hours. Free Bet valid for 7 days. T&Cs Apply. BeGambleAware.org | T&C apply |
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Bet £10 Get £40
Valid Today
New customers: Deposit £10+ within 7 days and place a sports bet. Get 4 x £10 Free Bets (2 x £10 Bet Builders & 2 x £10 Sports Bet). Valid 7 days. Min odds apply. Excludes virtual sports, esports and non-UK/IE horse racing. 18+. T&Cs apply. | T&C apply |
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Open Account Offer: bet £10 Get £30
Valid Today
Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Registration required. Time limits and T&Cs apply. #ad | T&C apply |
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Bet £10 Get £50 in Free Bets
Valid Today
New customers only. Register, deposit with Debit Card, and place first bet £10+ at Evens (2.0)+ on Sports within 7 days to get 3 x £10 in Sports Free Bets & 2 x £10 in Acca Free Bets within 10 hours of settlement. 7-day expiry. Eligibility & payment exclusions apply. Full T&Cs apply. | T&C apply |
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18+ New customers only. Place at least 3 settled real money bets of £10 or more at odds even (2.0) or greater. T&Cs apply. GambleAware.org #ad | T&C apply |
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Bet £10 get £30
Valid Today
18+. Play safe. New customers using Promo code H30 only, Min £10/€10 stake, min odds 1/2, free bets paid as 2 x £15/€15, free bets credited after settlement of first qualifying bet, free bets will expire 30 days after the qualifying bet is placed, payment method/player/country restrictions apply. | T&C apply |
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New players only. Opt-in required. Min deposit £20. Offer is 100% match bonus up to £50 on your first deposit. Bonus funds can be used on a real money sports bet with minimal odds of 3/4 (1.75 decimal) or higher, any sport except virtuals, boosted odds, handicap, & draw no bet markets. Bonus funds are separate to cash funds and subject to 5x wagering requirement (bonus + deposit). Only bonus funds count toward wagering contribution. Bonus funds must be used within 30 days. Affordability checks apply. T&Cs Apply. BeGambleAware.org #AD | T&C apply |
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Bet £10 Get £30
Valid Today
18+ New Customers. Opt in, deposit and bet £10 on any football (odds 1/1+) within 3 days of sign up. Get 3x£10 Free Bets for set football markets. Bonuses expire in 14 days. T&Cs Apply. GambleAware.org. Please gamble responsibly. | T&C apply |
14
Bet £20 Get £21
Valid Today
New customers only. Applies to the 1st deposit using code WELCOME7. Min deposit £20. Min qualifying bet £20 at odds 1/1 (2.0). Cash‑out not permitted. Bonus Bets issued as 1×£7 BB (any sport excl. Virtuals), followed by 1×£7 BB (Horse Racing, SP/EW excluded) and 1×£7 BB (Football ACCA, min 4 selections, min odds 4.0). Bonus Bet stake not returned. Bonus Bets valid 5 days from credit. Max winnings £500 / £500 / £100 per Bonus Bet. One per customer. General T&Cs apply. BeGambleAware.org | 18+ | T&C apply |
15
Bet £10 Get £50 Free bet
Valid Today
18+ New UK + ROI customers only. Certain deposit methods & bet types excluded. Min first £/€5 bet within 14 days of account registration at min odds 1/2 to get 6 x £/€5 free bets (selected sportsbook markets only, valid 7 days, stakes not returned). Restrictions + T&Cs apply. | T&C apply |
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Bet £20 Get £60
Valid Today
New sportsbook customers only. Place and settle a £20+ bet at 2.00+ odds to get 4 x £10 Free Bets. Once settled, place and settle a further £10+ bet at 2.00+ odds to get 2 x £10 Free Bets. Free Bets valid on selected markets/events only. Min odds and restrictions apply. Bet Builder excluded from qualifying bets. 7 day expiry. Stake not returned. One per customer. 18+. T&Cs apply. | T&C apply |
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Bet £10 get £40 Free Bets
Valid Today
18+. New UK customers (Excluding NI) only. Min Deposit £10. Min stake £10. Min odds Evs. Free bet applied on 1st settlement of any qualifying bet. 30 days to qualify. Free bets expire in 7 days. Cashed out/Free Bets won’t apply. Account & Payment method restrictions apply. 1 Free Bet offer per customer, household & IP Address only. 18+. T&Cs apply. | T&C apply |
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Bet £10 Get £15
Valid Today
1x£5 Sports Bet, 1x£5 Acca and 1x£5 Sub-Cover. Full T&Cs Apply. | T&C apply |
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Bet £10 Get £10
Valid Today
Play responsibly. begambleaware.org. First deposit only. £10 min deposit/ £10 sports bet at min odds 1/1 (2.0) grants £10 free bet. 5 day expiry. T&Cs Apply #ad | T&C apply |
20
Bet £10 Get £40
Valid Today
New customers: Deposit £10+ within 7 days and place a sports bet. Get 4 x £10 Free Bets (2 x £10 Bet Builders & 2 x £10 Sports Bet). Valid 7 days. Min odds apply. Excludes virtual sports, esports and non-UK/IE horse racing. 18+. T&Cs apply. | T&C apply |
21
Bet £10 Get £40 Bet
Valid Today
New UK customers. Place a £10 real money bet at min. 2.0 odds within 5 days of deposit. Get 4 x £10 Free Bets: 1 Single, 2 Accas & 1 Bet Builder (min. 3 selections each). Excludes cashout, E/W, Multis, Ineligible Markets & Odds Boosts. Credited after bet settlement. 7-day expiry. T&Cs apply. 18+ | GambleAware | T&C apply |
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Bet £10 Get £20
Valid Today
18+. New Customers only. Min Deposit £10. Min Stake £10. Min Odds 1/1. The qualifying bet must be a single selection only. Free bet added on 1st settlement of any qualifying bet. Free bet is a matched free bet of £20. Free bet expiry is 7 days. 1 Free bet offer per customer. Cashed out bets won’t apply. T&C’s apply. | T&C apply |
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Bet £20 Get £10
Valid Today
18+ | New UK customers only. Place a £20+ bet with minimum 3 legs, min 2/1 and receive a £10 Free Bet. The Free Bet will be credited once your qualifying bet settles. Free Bet expires 7 days after being awarded. BeGambleAware.org | T&Cs & Maximum Payouts apply. | T&C apply |
How we Rank the Best Fast Withdrawal Betting Sites
Time is money. This old adage will be familiar to everyone, and its meaning extends to betting sites. When a bettor is comparing betting sites, one of the most important factors they will take into consideration is how quickly and easily they can withdraw their winnings.
In this article, we will go over every aspect that we evaluate when comparing the best fast withdrawal betting sites, to show you how we decide our ranking of these sites. The best fast withdrawal betting sites will score highly in most of the following aspects.
| Aspect | Description |
| Fast Withdrawal Times | The big one. This aspect is, of course, where the majority of each individual ranking will come from when we are deciding the best fast withdrawal betting sites. It is not quite as simple as putting the fastest-paying site at the number one spot, however. If the fastest-paying site also had awful security and no customer support, for example, other sites would rank above it. |
| Simple & Fast Registration and ID Verification | While this is a unique aspect in that it may only affect your very first withdrawal attempt (if any), it is still a very important one. This is because the initial impression of a betting site is incredibly important to an undecided bettor, and the prospect of an overly-onerous series of admin tasks from the offset can be enough to put off many bettors. This type of slow initial process can also delay how quickly you can initially make withdrawals, and it is for this reason that this aspect affects our evaluation of the best fast withdrawal betting sites. |
| Diversity of Payment Options | This is one of the next most important aspects to consider when ranking the best fast withdrawal betting sites. Very commonly, the fastest withdrawal times will be afforded by e-wallet payment options such as PayPal, Skrill, Trustly, and Neteller. Not all sites have sufficiently modernised and diversified to offer these more modern payment options, and these tend to be the sites whose withdrawal times are, on average, slower than others. |
| Reputation | The more renowned a bookkeeper, the more of an obligation it will feel to upkeep its reputation. Part of this maintenance of reputation will be an assurance that stated withdrawal times are accurate and consistent. A savvy bettor looking for the best withdrawal times will use this insight to affect their decision as to which betting site to use. In other words: a bettor may be more likely to use a marginally slower-paying betting site that has a sparkling reputation, rather than a slightly faster-paying but unknown betting site. For this reason, a betting site’s reputation is an important part of our decision-making process. |
| Security and Safety | Following on from the previous aspect is that of security and safety. It is pertinent to separate the previous aspect from this one because, for example, a very well-known betting site may be infamous for its subpar security features. Similarly, a new and relatively unknown betting site may have made a splash by offering the latest, world-beating safety features. This is an important aspect to consider because a site with the very fastest withdrawal times may still be deemed unusable if it cannot be trusted to handle your money. |
| Customer Support | Let’s imagine that the worst has happened: your choice of fast withdrawal betting site has caused you a major issue. Perhaps you are unable to withdraw your winnings at all (let alone quickly). Fast, responsive, knowledgeable customer support can make all the difference between a long delay (or even lost money) and a quick return to normal service. |
| Quality / Existence of App | In a world so thoroughly dominated by technology, having a slick, fluid, modern, attractive app can have a large impact on undecided bettors. This is particularly true for young or otherwise more technologically-minded bettors who may already be quite accustomed to being able to complete every other task in life using only their smartphone. Being able to manage your betting from your pocket and on the go allows for faster, easier, and more frequent withdrawal requests, which may result in an overall increase in average withdrawal speed. |
| Promotions | This aspect does not relate specifically to the category of best fast withdrawal sites. However, this is an aspect which is important to any betting site, and so it must make up part of our evaluation. Of course, having good promotions and offers is probably the biggest factor in swaying people at a glance to opt for one betting site over another. In particular, having a great welcome offer can by itself be enough to proselytise the more laissez-faire bettor. |
Best Fast Withdrawal Sites for 2026:
Listed below are 10 betting sites in the UK with the fastest withdrawal times. They all differ in welcome bonuses, payment method selection, and processing times, but as a whole they are the superior picks.
1. Bet365

Pros
- Bet £10 and get £30 in free bets as a new UK customer
- Bet using debit cards including Visa, Visa Debit, MasterCard, and Maestro
- Bet using e-wallets including Skrill, Neteller, PayPal, and Apple Pay
- Make deposits as low as £5 with debit card and withdrawals as high as £100,000 with wire transfer
Cons
- Customer service is inconsistent which can be frustrating when you need an urgent response regarding payment
Bet365 is widely considered to be the best UK bookmaker, and with that comes a lot of responsibility. Luckily, Bet365 has a good reputation in regards to fast withdrawals, and users don't generally don't have complaints in this area. Also, new Bet365 customers who deposit between £5 and £10 will get a 300% bonus up to £30 in free sports bets. PayPal and Paysafecard are excluded from this promotion so you can't use them to deposit or withdraw.
Bet365 offers a variety of payment methods, with the fastest withdrawal time being Apple Pay which claims to have instant withdrawals. Wire transfers are processed within 1-2 working days, so they are the slowest. Other payment methods like Visa, Maestro, Skrill, Neteller, and Paysafecard are processed within 4 hours.
2. BOYLE Sports

Pros
- The minimum withdrawal amount is £10 for all payment methods
- BOYLE Sports aims to process all withdrawals within 6 hours and they should be in your bank account between 2 and 5 working days on average
- Withdrawal methods include debit cards, Skrill, Neteller, PayPal, Apple Pay, bank transfer, and cash withdrawal in retail stores (there are over 70 branches in the UK)
Cons
- The welcome bonus for UK customers is only £20 in free sports bets
BOYLE Sports is a highly successful bookmaker based in Ireland that has several locations across the UK. New customers who bet £10 will get £20 in free sports bets, excluding payments made with Skrill, Neteller, PayPal, Paysafe, and prepaid cards.
Withdrawal methods at BOYLE Sports are debit cards, Skrill, Neteller, PayPal, and Apple Pay. Users can also withdraw using bank transfer which takes longer. BOYLE Sports offers cash withdrawals at BOYLE Sports retail stores in the UK, which is extremely helpful if you want cash instantly. In general, the bookmaker strives to complete all process requests within 6 hours, and an extra 3 working days for the amount to appear in your account. Once 5 working days have passed and you don't have the money, you can get in touch with the customer support via live chat.
3. Livescore Bet

Pros
- Bet £10 and get £30 in free bets when you bet on any sports excluding Virtuals
- Pay with Visa, Maestro, PayPal, and Trustly
- Livescore Bet aims to process all withdrawals within 24 hours
Cons
- Shortage of popular payment methods like Neteller and Skrill
Livescore Bet is a popular UK bookmaker because of its comprehensive sportsbook and promotions like money back on horse racing and sub payout on football. Livescore Bet also offers fast payouts, claiming to process all withdrawals within 24 hours from the moment you send the request.
At Livescore Bet, Visa and Mastercard processing times are between 1 and 3 working days. Bank transfer usually takes between 2 and 3 working days but sometimes takes up to 5 working days, whereas Apple Pay and PayPal are almost instant. There are no fees.
Regrettably, Livescore Bet doesn't offer certain e-wallets, which can be off-putting for many UK punters.
New UK customers who bet £10 will get £30 in free bets, although this excludes prepaid cards, virtual cards, and debit cards that cannot be identified.
4. BetTOM

Pros
- New account offer gives you up to £25 back as a free bet
- Supported payment methods include Visa, Mastercard, Apple Pay, and Trustly
Cons
- Minimum deposit begin at £10 on all payment methods
- The website is congested and support is hard to find
New UK customers registering with BetTOM for the first time get 50% back on first day losses up to £25 as a free bet. To qualify, you must place at least 3 bets of at least £10 at evens (2.0 or greater) and you will be awarded the free bets within 24 hours. At BetTOM there is a variety of offers including Best Odds Guaranteed on horse racing and greyhounds, in addition to football bonuses.
BetTOM doesn't offer a variety of payment methods, but the bookmaker is known for putting quality above quantity. When you make a withdrawal using Visa, you can request between £10 and £25,000. There is no fee and withdrawals using Visa take a few minutes on average, but up to 5 business days depending on the value of the withdrawal and the volume of requests.
5. BetMGM

Pros
- Bet £10 and get £40 in free sports bets
- Bet using Visa, Maestro, Apple Pay, Google Pay, and PayPal
- Request withdrawals of less than £10 by contacting customer support
- Plenty of sports bonuses including daily profit boosts, 2-goal and 3-leg early payout, and super boost enhanced winnings
Cons
- Slow verification process and app restrictions
BetMGM has the best welcome offer for UK customers, which is Bet £10 and Get £40. When you place a qualifying bet within 7 days of registration, you will receive two £10 free bet builders and two £10 free sports bets. This does not apply to e-sports, virtual sports, or horse racing not taking place in the UK or Ireland.
In terms of payments, BetMGM offers a variety of support methods including Visa, Mastercard, Apple Pay, and PayPal. Of these, the fastest withdrawals are made using PayPal. The timeframes vary and BetMGM isn't very clear on this issue in its help centre, but typically processing times are between 1 and 3 working days. After this time has passed, BetMGM encourages customers to contact the customer support team.
6. Betfred

Pros
- New customers who bet £10 get £50 in free sports bets
- On average withdrawals take 2 business days to process at Betfred
- Accepted withdrawal methods include both debit cards and e-wallets
Cons
- Both the website and mobile app have an awkward user interface which makes betting take longer
Betfred is an established UK bookmaker that posted a £1.45 billion turnover last year, making it one of the most successful betting sites in the world. The sportsbook offers a string of benefits including price boosts, darts bonuses, live streaming on multiple sports including tennis, and competitive outright odds. New UK customers who bet £10 on any sport will get three £10 sports free bets and two £10 acca free bets. To qualify you must place a bet with a debit card or Apple Pay only.
Withdrawals with Betfred take up to 4 hours with Visa and Mastercard, up to 6 hours with Apple Pay and Instant Banking, and up to 3 days with BACS. On rare occasions all withdrawals can take up to 12 hours if there is a large volume of requests.
7. 7Bet

Pros
- Bet £20 and get £21 in free bets as a new UK customer
- Free bets on tennis, bore draws, early cash out, and Bet Builder +
- Range of payment methods including debit card, PayPal, Skrill, Neteller, Apple Pay, and Paysafecard
- Withdrawals are typically processed within the same business day
Cons
- Withdrawals over £1,000 require additional verification
7Bet is a new sportsbook in the UK, established in 2020. Whilst 7Bet isn't as prominent as its competitors yet, the betting site is user-friendly and offers especially great odds on football, tennis, and rugby.
New customers who bet £20 will get three £7 free bet builders with maximum winnings capped at £500. Similarly, you can get Welcome Boosted Odds once per day until the end of the promotion, which is a new sign-up bonus that may be here to stay. You can also get free bets on the French Open.
The accepted payment methods at 7Bet are Visa, Mastercard, Skrill, Neteller, Apple Pay, Google Pay, and Paysafecard. Any deposits made with Mastercard may need to be withdrawn using bank transfer. The minimum withdrawal amount is £10 and the processing times can take up to 3 business days. Any withdrawals over £1,000 could possibly take longer as they require further verification. The minimum deposit is £10 for all payment methods.
8. 247Bet

Pros
- Get a 100% bonus up to £50
- 10% cash back on live tennis bets, bore draws on football, and acca boosts on bets with 3+ legs
- Pay using Visa, Mastercard, Maestro, Apple Pay, Neteller, Skrill, Revolut, Neosurf, and Bank Transfer
Cons
- Minimum withdrawal is £20
247Bet is a new UK bookmaker founded in 2025, yet it already has more supported payment methods than several leading sportsbooks. You can withdraw using Visa, Maestro, Mastercard, Apple Pay, Paysafecard, Revolut, Trustly, Skrill, Neteller, Neosurf, and Bank Transfer. Note that Apple Pay and Google Pay require additional biometric verification to make deposits and withdrawals. The minimum deposit and withdrawal are both £20.
247Bet uses 256-bit SSL encryption and various identification methods to protect your funds, so you can rest assured that your payments are safe.
New customers who deposit at least £20 get a 100% matched bonus up to £50 when signing up to 247Bet, after verification has been completed. Sports promotions for returning users include cash back on live tennis each Monday, bore draws for 0-0 football results, acca boosts on winning accumulators, odds boosts on major sports events, and early cash out on football, ice hockey, baseball, basketball, and American football.
9. QuinnBet

Pros
- 50% back up to £25 on your first day's losses at Quinnbet
- Early payout, 20% bet builder boosts, no goals no worries money back, best odds guaranteed, and extra places
- Daily Acca Specials up to £50 and Weekly Rewards up to £20
- Withdraw funds using debit cards, Apple Pay, and Revolut
Cons
- Skrill and Neteller are not accepted payment methods
Quinnbet is a popular sportsbook in the UK that is best known for its welcome offer and ongoing sports promotions. New customers get 50% back on their first day's losses up to £25 as a free bet, and it doesn't stop there. You can get accumulator boosts on your winning accas, 10% back on losing sports bets money every week, and a range of football and horse racing bonuses.
The accepted payment methods at Quinnbet are Visa, Mastercard, Apple Pay, and Revolut. Sadly, Quinnbet doesn't accept the majority of e-wallets, so if this is your preferred payment method, another bookmaker would be best. Despite that, Quinnbet offers fast withdrawals that are often processed within 24 hours. Another 2 to 3 working days are needed for the funds to appear in your account.
10. DragonBet

Pros
- New DragonBet customers get 50% back as a free bet on the first day's losses up to £25
- Best odds guaranteed, football specials, and tennis trebles
- Withdrawals are being processed 24/7 and usually take only a few hours to process
Cons
- The only accepted payment methods are Visa, Mastercard, and Maestro
- DragonBet has a 3.4-star rating on the App Store
DragonBet was founded by John Lovell Racing, so it makes sense that the primary focus is on horse racing. Nevertheless, the sportsbook offers 24 sports, all with comprehensive betting markets and unbeatable odds. New Dragonbet customers get a free sports bet of up to £25 based on their losses on the first day of registration.
Notably, DragonBet has an abysmal range of payment methods, as only debit cards are supported. This does streamline the payment process, though, as it is more straightforward to deposit and withdraw. The withdrawals at DragonBet take on average 3 to 4 hours but depending on the bank and season, you may be waiting up to 5 business days. One positive is that DragonBet has an exceptional customer service team, and encourages punters to search for assistance if they need help making a withdrawal or have any concerns.
Different Fast Withdrawal Payment Methods
It's no secret that some payment methods are faster in comparison to others. A bookmaker typically states how long it takes to process the average withdrawal, but this is a rough estimate based on all of the payment methods and doesn't include the processing time of the bank or wallet itself.
Before we begin, it is vital to make a distinction between the bookmaker's processing time and payment method processing time. For example, when a sportsbook says it takes 6 hours to process a request, this doesn't mean it will take 6 hours for the funds to appear in your account. On the contrary, this is the period of time that it will take the sportsbook to approve your withdrawal request. In this process they will verify your account, check for bonus abuse, and finally approve the request. Once the status changes from 'Pending' to 'Authorised' or 'Completed' this means it has been successful. From there, the funds will need to be sent by the betting site and received by the payment provider (e.g., the bank or the e-wallet). This takes a further few hours or days.
Payment Method |
Average Bookmaker Processing Time |
Average Institution Processing Time |
Fees |
Visa Direct (FastFunds) |
Instant |
Up to 1 hour |
None |
Visa Debit |
Instant to 2 working days |
1 to 5 working days |
None |
Mastercard |
Instant to 2 working days |
1 to 5 working days |
None |
PayPal |
Instant to 12 hours |
Up to 1 working day |
None |
Skrill/Neteller |
Instant to 12 hours |
Up to 1 working day |
None |
Apple Pay/Google Pay |
Instant to 24 hours |
1 to 2 working days |
None |
Crypto Currency |
Instant to 12 hours |
Minutes to 12 hours |
Variable |
Retail Cash Withdrawal |
Instant to 12 hours |
Instant |
Some bookmakers charge a small fee |
Bank (Wire) Transfer |
12 hours to 2 working days |
1 to 5 working days |
Small fees may apply |
Cheque |
1 to 5 working days |
1 to 4 weeks |
Small fees may apply |
Below we have summarised the fastest withdrawal payment methods. Typically, Visa Direct, PayPal, Skrill, and Neteller are the quickest ways to withdraw. Apple Pay and Google Pay are solely wallets to store your debit card, so they aren't as fast as other digital wallets. Crypto Currency is variable depending on the type, and lastly wire transfer and cheque take the longest. It's key to remember that aside from speed there are other important factors that go into choosing your preferred payment method, as choosing one you feel comfortable with and gives you peace of mind is crucial. Speed simply allows for faster access to your funds, although it is now a way to compare UK bookmakers and rank them based on the urgency of their system.
- Debit Cards
Debit cards are the most widely accepted payment method which makes them the most popular, although this doesn't mean that they are the best option for everyone. Debit cards like Visa, Maestro, and Mastercard are a great option because you can always rely on the bookmaker to support debit card withdrawals, and this option has been around forever. Hence, this is the go-to method for punters who prioritise dependability. However, debit cards are not the fastest withdrawal method. The majority of bookmakers try to process these requests instantly, but they can take 1 to 2 working days and a further 5 working days for the bank to receive the funds. In the worst case, your withdrawal may take one week. Now, punters have started to use Visa Direct, which uses innovative technology to guarantee faster transfers.
- E-wallets
E-wallets are a group of digital wallets where you can store funds, make deposits and withdrawals. They mainly include Apple Pay, Google Pay, Skrill, Neteller, Revolut, Monzo, and PayPal.
Apple Pay and Google Pay are classed as e-wallets. They are ultimately digital payment systems that contain your debit card. To set them up, you have to add your debit card information and link it to your bank. This makes them different as Apple Pay and Google Pay use your existing card; they are not a separate account, merely a connected virtual wallet. Usually they are instantly processed by the bookmaker and may take 1 or 2 working days to appear in your bank account. The biggest advantage is that they require additional security measures like biometric identification (such as your face or fingerprint) to work, which gives punters more assurance.
PayPal is considered to be the fastest e-wallet, along with Skrill and Neteller. All three offer almost instant withdrawals, and the total time it takes from your request to the funds appearing in your account is anywhere between minutes and 1 day.
Alternatively, bank transfer is one of the slowest payment methods and takes a total time of 2 to 7 working days. Cheque withdrawals are the longest, as you may be waiting up to one month for the bookmaker to process your request and mail the cheque. It is a rare payment method, but it still exists for the punters who feel most comfortable using it, and inclusivity is important. Punters who are conscious of sharing their financial information online opt for this, or those who have larger sums to withdraw.
- Crypto Currency
Crypto Currency is also a fast way to withdraw, but it is not widely supported in the UK yet.
Steps To Help With Quicker Withdrawals
Taking into account the information above, are there any ways to make withdrawals quicker? While there is no way to expedite the withdrawal process itself, or even say with certainty how long it will take, there are a few steps to consider that make withdrawing your payouts swifter and more effortless. Some of these, you may not even have considered before.
- Complete The Verification Checks
Know Your Customer (KYC) is a procedure carried out by every betting site in the UK which is used to verify your identity and therefore safeguard you from fraud. The UKGC is the regulatory body that issues a license to betting sites, and by law this means that all legal bookmakers must carry out the KYC process.
It includes a series of questions that collect data about you, including your full name, address, and date of birth. This is important as it also cross-references with GAMSTOP and will prevent you from registering if you are excluded from gambling. You will need to submit proof of address which can be done by scanning any kind of bill, such as your phone or electricity bill. Additionally, you will also need to verify your identity which can be done with a valid passport or driving license.
The betting site will do a risk assessment based on all of the information provided, making sure that you are over 18 years of age. The verification can take anywhere from 15 minutes to 5 days or longer.
Depending on the bookmaker, you may be asked for this information when registering, before you have made a deposit, or before you have requested a withdrawal. Some UK betting sites allow you to bet before KYC verification, but you cannot withdraw before it is complete. So, completing this process will help to speed withdrawals along.
- Proof of Funds
You may be asked for Proof of Funds if you are depositing large sums, withdrawing large sums, there is unusual activity on your account that doesn't follow prior trends, or as a part of the KYC process for further identification. This will require you to provide a recent payslip or a bank statement, which shows where your money is coming from and proves that it is your own. This complies with the anti-money laundering procedure set by the UKGC.
- Withdrawing With The Same Payment Method
In the UK almost every bookmaker requires you to withdraw your winnings with the same payment method that made the deposit. For instance if you made a deposit using your PayPal account and won, you should withdraw the funds once the bet settles with PayPal as well.
The main exception is that deposits made using Mastercard can withdrawn with bank transfer, and similarly prepaid cards are one-way so you will need to pick an alternative method.
- Choose A Fast Payment Method
It seems trivial but the main way to get a quicker withdrawal is by picking a payment method that is faster. In our table we mentioned some of the quickest withdrawal payment methods, which are e-wallets like PayPal and Skrill. It is useful to remember that every bookmaker has different processing times, for example not every site in the UK takes withdrawal requests all day and some only approve them during working hours. Additionally, not every bookmaker offers Skrill. So, it is a matter of research and comparison.
- Understanding Limits
When you request a withdrawal, you may be unable to. The first thing to do is check whether you have reached the minimum limit for a withdrawal, which varies from bookmaker to bookmaker. Typically, the minimum withdrawal is £5 to £20, although it can be higher in some rare cases.
Furthermore, large withdrawals take longer to process and may need additional verification like Proof of Funds which we previously mentioned. A withdrawal of over £2,000 will almost certainly take longer to process from the end of the bookmaker and also the payment platform. Be wary of withdrawal limits, which are around £25,000 for debit cards, £50,000 for e-wallets, and the highest for bank transfers.
- Avoiding Errors
There are some common errors that can stall the withdrawal process which can easily be fixed. This includes card errors, using payment methods that aren't in your name, and not updating invalid cards that have expired. The betting site will usually tell you beforehand if there is a problem, but sometimes the system fails and this will cause delays and problems that will result in unnecessary frustration and hassle.
Slow Payment Methods To Avoid
We have spoken about the fastest payment methods, but what about the slowest? There are advantages and disadvantages to every method, so just because it takes longer to withdraw doesn't mean you need to exclude it completely. Choosing a faster option means a lot more than simply accessing your funds more quickly. It also limits the frustration and anxiety associated with waiting, allows you to trust the bookmaker and therefore improves the entire betting experience, and lets you manage your finances and budget more easily. However, it doesn't guarantee faster withdrawals every time, as this depends on factors such as the internal processing of the bookmaker made by the team, the time and date, the volume of requests made by other punters, and the withdrawal amount.
- Bank Transfer
Bank transfers are generally avoided because they are slow and aren't suitable for everyday withdrawals. They typically take 2 to 5 working days in total to clear, which is considerably longer than other payment methods. Modern betting sites may have the option for instant bank transfer, which is processed by the end of the day, but this isn't a mainstream payment option yet. If you need to choose bank transfer, it should be for large withdrawals as this option has the highest withdrawal limits that are often unlimited.
- Cheque
Cheques are almost redundant nowadays, but it doesn't hurt to have them as an option. The average processing time is a few days, but it can take up to one month for the bookmaker to actually issue the cheque, and there are often delays with the UK postage. In addition, it can be lost or stolen. After you receive the cheque, you must physically go to the bank and wait for it to be processed there too, which takes more time and doesn't take into account transport fees. The only advantage of a cheque is that some punters like to have physical evidence of their betting, and shy away from electronic payments.