Fast Withdrawal Sports Betting Sites
Betting sites offering fast withdrawal is a relatively new thing in sports betting. However, the big bookmakers have taken great pride in recent years when introducing fast withdrawals from their sites as they know it is a winner with their customers. While fast is a matter of opinion, generally, any site that returns money to their customer within a day or two is a fast withdrawal betting site.
Their importance to the industry will be discussed in more detail below, but there is no doubt that the creation of a fast withdrawal site has been a game changer for punters betting online and could get better still in years to come.
Top 12 Fast Withdrawal Betting Sites
To provide you with reliable information on withdrawal speeds, we conducted thorough tests on 34 UK bookmakers. Our process involved the following steps:
- We created a new account at each betting site.
- Deposited £15 into each account.
- Placed a £5 bet through each account.
- Waited for the outcome of the bet.
- Initiated the withdrawal process, opting for the fastest withdrawal option available.
- Timed how long it took for the funds to be transferred to our chosen withdrawal method.
Below, you’ll find the results of these tests, showcasing the 12 fastest withdrawal betting sites.
|Bookmaker||Withdrawal Amount||Fastest Withdrawal Option||Withdrawal Time*|
|BetVictor||£23.40||Visa Fast Funds||21 Hours|
|Boylesports||£10.00||Apple Pay (Visa Direct)||29 Hours|
|Grosvenor||£13.20||Bank Transfer||32 Hours|
|Copybet||£12.90||Visa Debit||35 Hours|
|BetUK||£26.60||Visa Debit||39 Hours|
|Parimatch||£10.00||Visa Fast Funds||40 Hours|
|Betfred||£10.00||Visa Fast Funds||46 Hours|
|Quinnbet||£10.00||Visa Debit||71 Hours|
Why Speed Matters in Sports Betting
Modern life is about speed and convenience, and the betting industry is no different. When you place a bet at a horse or greyhound track in cash with an on-course bookmaker, you receive the money back in your hand straightaway. Online betting has taken a while to catch up, but fast withdrawals are standard, and the industry is all the better for it.
Bookmakers understand that not only is it a benefit to their customers that they receive their winnings as fast as possible, but it is also a benefit to them. Customers are far more likely to return to use a business they have received quick service from. If a bookmaker has held onto a punter’s money for a long time, then the bookmaker is in danger of losing their custom.
Price is king when it comes to sports betting, and while most of us try hard to have many different accounts to take the best odds on offer as often as we can, we cannot always have funds tied up with every bookmaker.
As such, the improvement of withdrawal speeds and of time-sensitive payouts when it comes to winning bets has been crucial when it comes to improving the industry. Punters don’t have to miss another bet when they don’t have funds in the right place. Instead, they can take advantage of fast withdrawals and move funds around when they want to. This has been a massive improvement for bookmakers.
Betting Sites With The Fastest Withdrawal Time
Based on our extensive testing procedures, we have provided the top 12 UK bookmarks with the fastest withdrawal times below. This time frame excludes the approval process and necessary security processing checks.
BetVictor: 21 Hours
With a record payout period of 21 hours, Betvictor sits at the top of the list. The betting site supports a variety of withdrawal methods, each with its own processing time frame. Debit and credit cards, for instance, could take between 2 – 5 working days.
It also accepts e-wallets (Skrill, Neteller, and PayPal) as well as bank transfers. For both categories, it takes between 1 and 3 days to receive funds. However, you can get your wins within hours when you opt for Visa Direct.
Boylesports: 29 Hours
Coming in just after BetVictoy, BoyleSports boasts an impressive record of just 29 hours. A quick payout is possible when using Apple Pay (Visa Direct). Other payment methods might take longer. Should you decide on Apple Pay but without Visa Direct, expect a wait time of 2 – 3 days.
Debit cards and bank transfers also have the same processing period, taking between 2 – 3 business days. If you prefer e-wallets, you can pick from PayPal, Neteller, and Skrill, all of which take just 24 hours.
Grosvenor: 32 Hours
Bank transfers at Grosvenor offer fast payouts. Using the payment method at the online bookie, we received funds within 32 hours. As such, we highly recommend that punters on the platform looking to get their winnings quickly use bank transfers.
Fast withdrawals at Grosvenor are also possible via Apple Pay and PayPal. With both, you get your money within 1 and 2 working days. On the other hand, using Visa and Mastercard takes longer, usually between 1 and 3 days.
Unibet: 32 Hours
The Unibet site claims to forward withdrawals via Neteller or Skrill within 12 hours. However, we found that it can take as long as 32 hours, which is still fair. Once it has processed the transaction, you get a notification informing you to expect your winnings soon.
Note that this short time frame doesn’t apply to debit cards. If you use Visa or Mastercard, expect your funds to arrive within 3 – 5 working days.
Copybet: 35 Hours
Withdrawing at Copybet is seamless and prompt, as the bookie processes your request within 2 working days. The approval period can be shorter. With a Visa debit card, it took about 35 hours to receive funds. Other payment methods the platform accepts are Skrill and Neteller.
When withdrawing with debit cards, the bookmaker processes your cash out request back to the card you deposited with. So, before opting for these methods, ensure that you can comfortably use them to receive funds.
BetUK: 39 Hours
Another great bookmaker that you shouldn’t miss is BetUK. With its reputation in Great Britain, it’s unsurprising that fast payouts are one of its major highlights. With a Visa debit card and instant transfer, the bookie releases winnings within 24 hours.
Transactions are much faster with Skrill and PayPal, though they could also take up to 24 hours. It’s speedy payout doesn’t apply to bank transfers. If you use this method, expect to be credited within 5 days.
Parimatch: 40 Hours
There are multiple payment methods you can easily use for withdrawals at Parimatch. However, one of the best options is Visa Fast Funds. This gets your money to you within a few minutes to as long as 40 hours.
Cashing out with other payment methods is easy, but the processing window is a little wider. With debit cards and PayPal, it takes about 24 hours or more. For bank transfers, the time frame is about 5 days.
Betfred: 46 Hours
Betfred’slong-standing history in the UK has made it one of the most reliable platforms. It impresses with several features, one of them being speedy withdrawals. As long as you meet its terms and conditions, you won’t face any hassle when requesting your winnings.
It states in its withdrawal terms and conditions that it takes up to 48 hours to process requests. We found this to be quite true, as funds reached our account within 46 hours. The processing period could be shorter when using Mastercard, Skrill, Neteller, or Paypal. For bank transfers, they can take five days.
Bet365: 49 Hours
Thanks to its simple interface, locating the cashier and requesting funds from your betting sessions is straightforward. What also makes the site stand out is its prompt transactions. The overall wait time isn’t as short as those of the earlier listed bookies, but still reasonable.
With PayPal, it takes between 24 and 49 hours for your money to reach your account. The same timespan applies to other electronic wallets, like Skrill and Neteller. Debit cards and bank transfers delay the most, usually between 1 and 5 days.
Ladbrokes: 50 Hours
If you don’t mind waiting for as long as two days to get your betting funds, Ladbrokes is an ideal choice. The online bookie supports several payment methods, but the time it takes you to get your winnings differs for each. With PayPal, for instance, it requires between 24 and 50 hours to process transactions.
Visa and Mastercard might take longer than 50 hours, sometimes as long as 3 days. Visa Fast Funds, MuchBetter, and bank transfers are other payment methods you can use for withdrawals. Keep in mind that it could take up to 4 days for your funds to reach you when using bank transfers.
Kwiff: 67 Hours
Besides being one of the most reliable online bookmakers for Brits, Kwiff supports fast payouts. It supports three major payment methods for withdrawals – Visa, Mastercard, and Paypal. If you opt for debit cards, your winnings will reach your account between 3 and 5 days.
Withdrawing with PayPal is much faster. Unlike debit cards, the time frame for receiving your earnings with the e-wallet ranges between 2 and 3 days. Based on our test, it took 67 hours to get the requested funds when using PayPal on the platform.
Quinnbet: 71 Hours
At Quinnbet, you can only use debit cards for withdrawals. With these methods, it takes up to three days for the bookmaker to credit your bank account. The time frame could be longer if you have to undergo verification before the operator releases your earnings.
How Fast Withdrawal Betting Sites Work
Visa has been instrumental in its Faster Funds initiative, allowing bookmakers to improve debit card withdrawal speeds.
These have been available in the banking industry for over 15 years, with payments for goods from account to account almost instantaneous. However, it has just taken the betting industry a long time to jump on board with the technology that has already been there for over a decade.
An expansion of e-wallets such as PayPal, Skrill and Neteller has allowed bookmakers to speed up their withdrawal process. They can use the technology created by others to give the fastest possible service to their customers.
Required Documentation by Betting Sites Prior to Withdrawing Winnings
Before a bookmaker releases your earnings, especially if it’s the first withdrawal, you must verify your account. For this process, the operator will demand certain documents. They include:
- Proof of address: Usually a utility bill that’s no older than three months. The bill must boldly display your current address.
- A means of identification: This could be a government-issued identity card or a driver’s licence.
- Proof of funds: Documents that prove that you have the capacity to fund your betting activities.
You submit soft copies of these requirements via email. Afterwards, the bookmaker confirms the information, and this procedure could take a few days. To avoid delays, ensure that the details you provide are accurate and up to date.
Understanding the Different Withdrawal Methods
The top UK betting sites make sure their users can easily cash out their winnings by supporting multiple payment methods. From debit cards to e-wallets, each option has its perks and drawbacks. However, PayPal is quickly becoming one of the most popular methods for customers across the UK.
Payout Speed: Immediate
One of the oldest electronic wallets, PayPay stands out as a preferred transaction method because it’s so easy to use. Using the method eliminates the need to share sensitive bank details as you would when using debit cards. Its ease of use and speed of withdrawals are other attributes that make it appealing to British punters.
The advantages of cashing out winnings with PayPal are as follows:
- Speedy transactions: With PayPal, expect your funds to reflect in your account within a few hours after the bookmaker approves your request.
- High-end security: The payment provider has strong security protocols to avoid potential cyber-attacks. Plus, there’s no need to divulge financial information when withdrawing from a betting site. Only your PayPal ID is needed for transactions, reducing the possibility of data breaches.
- Easy to use: Getting started with the withdrawal method is easy. All you need to do is create and verify an account with the provider. Then, link it to an active bank account or card, and you’re good to go.
- Widely accepted: Paypal’s widespread acceptance is a major draw. Thanks to this, finding an online bookmaker that supports it for withdrawals is easy.
The drawbacks to note about PayPal as a withdrawal method:
- Fees: There is no doubt about it, Paypal has high fees. The exact amount you pay depends on what method you use to fund or withdraw from your PayPal account. It’s usually around 5% or a maximum of $4.99.
- Unexpected account freezes: Many customers have complained about sudden account freezes. While the provider does this mostly as a security measure, there’s no benchmark for how long they can hold an account. It could be for a few hours or several months.
The Role of Regulatory Bodies in Ensuring Fast Withdrawals
Without backing from the UK Gambling Commission, no bookmaker could offer their services to the betting public. All bookmakers are bound by rules that the UK Gambling Commission make to ensure the safety of all punters in the country.
There is no rule specific to having to pay out fast, but there are rules in the book that must be followed when it comes to being fair to customers. First, they state, “Players must be allowed to withdraw without restriction, except as necessary to comply with any General Regulatory Obligations.”
Safety Measures for Fast Withdrawals
The sheer scale of the industry these days adds some of its protection. In addition, faster Funds come from Visa themselves, which adds a comfort blanket of security to anyone who wishes to avail themselves of a fast withdrawal using this method.
The UK Gambling Commission are stringent in managing all things to do with bookmakers. With fast withdrawals coming under this banner, customers can rest assured that the return of their money is both safe and reliable.
Without a licence granted by the UK Gambling Commission, none of these online bookmakers could run a business. Hence, it’s safe to say that no one wishes to make a mistake with fast withdrawals that could lead to a hefty fine or, worse, the suspension of their licence.
Each bookmaker has a compliance team whose job is to ensure that all rules are obeyed to the best of their ability. Only fully verified customers will be able to take advantage of any withdrawal avenue, and with responsible gambling and player safety at the forefront of all gambling these days, it’s safe to say that fast withdrawals are a reliable way to be paid out.
Common Issues & Solutions with Fast Withdrawals
Anti-money laundering rules will only allow withdrawals back to the bettor using the same method that was used to deposit the money in the first place. Therefore, to take full advantage of the fast withdrawal system, customers have to make sure that they are depositing in a manner that allows them to get their money back as fast as possible.
With any technology, there is the potential for a glitch which could delay getting your money back. While there is not a lot that you can do in this situation, having several deposit methods at your disposal can see customers skirt around a particular issue. For example, if Visa were down and needed maintenance, you could use an e-wallet instead.
A more straightforward issue is if the bettor changes their mind. It does not look good to keep putting money in, so when making a withdrawal, especially from a site that processes them quickly, it is best to ensure that you will not want another bet on the site in the immediate future.
Changing your mind and putting money straight back in is a hassle, and most of the time, it is not as easy to reverse a withdrawal payment as it was back in the day. However, the money is in our accounts so fast with these new sites that we have no time to be in any doubt that taking the money out of the site is what we want to do.
Future Trends in Rapid Payouts from Betting Platforms
Just a few years ago, there were none of these fast withdrawal methods available with any bookmaker in the UK. However, their rise has been rapid, so it is easy to think that there will still be further technological improvements that will make these payouts even quicker in the future.
Those bookmakers who are yet to come around to the fast payouts that customers have come to expect will be hard-pushed to retain their current slice of the pie unless they move with the times. While fast payouts are not the be-all and end-all of online gambling, their importance is such that bookmakers must offer them for fear of falling behind.
Additional e-wallets like Apple Pay and Google Pay are sure to add to the future as well. They have come so far in such a short timeframe, and with the ever-improving technological state, there will be plenty more progression along the same lines further down the line.
With a cashless future looking more and more likely, it is entirely possible that there could be some way of implanting banking chips into humans. This might sound like a dystopian nightmare to many, but the ease of paying for things and receiving a fast withdrawal with a touch of a fingertip might well be the future of online gambling.