Sportsbooks online have started to accept more and more types of payment methods recently. This means that players can deposit and withdraw through an extensive selection of banking options.
While deposits through most of these methods are usually instant, resulting in you being able to bet straight away, withdrawals aren’t often the same. An online sportsbook will have a processing period in place, which tends to take between 24 and 48 hours to complete. This provides a period for all details to be checked over, ensure that the account is verified, and so on. After that, the funds are released to you through your preferred payment method.
Different payment methods process that money in different timeframes, too. It’s common for bettors to have the same mindset on withdrawals as well – the quicker the process is, the better. That’s why most players look to use a payment method that transfers the funds to them in a swift timeframe.
That’s what we’re here to look at today – the payment method that operates as the quickest for gamblers. Let’s see what banking methods allow you to get your hands on your money in the speediest time.
E-Wallets (12-48 Hours)
Options like PayPal, Neteller and Skrill work perfectly for anyone looking to experience a quick withdrawal. These payment methods are accepted at many online sportsbooks in the United Kingdom, and they are popular options with players.
In many cases, after the sportsbook’s processing period, the money will show up in your e-wallet straight away. E-wallets also provide extra security for you to benefit from, ensuring your funds remain safe while in transit and while in the wallet itself.
Cash Withdrawal (Instant)
If you’re a part of a sportsbook that also provides high street betting shops, then you are in a unique position. In many cases, brands like William Hill or Ladbrokes, for example, will allow you to go to one of the retail shops and make a withdrawal in cash.
Naturally, that all depends upon how much you want to take out of your betting account and whether a store is close enough to you. Being able to engage in such a cash withdrawal provides the funds to you instantly. Large withdrawals cannot be gained in this way, though.
Visa Fast Funds (4-48 Hours)
We all know the Visa brand as providing debit and credit cards. Deposits through debit cards ensure money is transferred straight away. Credit cards cannot be used for gambling as of 2020, though. Regarding withdrawals, most of the time, Visa transactions will be one of the longer processes to experience. Yet there is the addition of Visa Fast Funds to anyone who uses a Visa debit card.
Depending upon the betting site in question, you may be able to take advantage of this service for your withdrawals. If this is offered, you will receive the funds to your bank account within 4 to 48 hours. Check with the sportsbook’s customer support team to see if Visa Fast Funds is operational at the website you are part of online.