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When you’ve just won a big bet you want a bookmaker that pays out fast. There’s nothing worse than having a big bookmaker balance and then having to wait for days until you can spend your winnings. This article will talk you through which bookmakers have the fastest withdrawal times so you’re not left hanging about waiting for your cash.
Bookmaker Payout Times
The table below shows the fastest general bookmaker withdrawal times based on using PayPal or debit card. Please note, these times are meant as a guide only and may be longer than are actually stated.
How are Bookmaker Payout Times Calculated?
So you’ve placed you 5 fold accumulator and it’s just landed. It might even have been from a cheeky free bet. In your head you’re already booking that luxury all inclusive holiday to Barbados, but first you need the cash to hit your bank account. Bookmaker withdrawal times will largely depend on what method you used to deposit funds into your bookmaker account in the first place.
Due to anti money laundering laws, any winnings must be withdrawn to the same account that you made your deposit from, so if you want your bookmaker to pay out fast, choosing the right deposit method is crucial. It used to be the case that depositing via online wallets like Skrill and Netter meant that you could withdraw your funds faster as these had the shortest withdrawal times. This is not really the case any longer, as bookmakers have worked hard to improve withdrawal times of other payment methods.
PayPal Still The Fastest - Just
If you want your withdrawal from a bookmaker to be especially fast, then PayPal is still probably your best option. William Hill and Ladbrokes both accept PayPal as a deposit and withdrawal method and quite often will process your withdrawal on the same day. Take a look at our list of Paypal betting sites if you want to see the full list of bookmakers will let you deposit and withdraw using PayPal. When withdrawing to a PayPal account you can generally expect a wait of 1 working day before receiving your funds.
Debit Cards - Pretty Fast
Processing of debit cards is where most bookmakers have worked the hardest to improve processing times. Given that it is the most popular method of depositing in the UK you can see why bookmakers want to have the fastest withdrawal speeds for debit cards. The likes of William Hill, Coral and Ladbrokes have even started processing withdrawals onto debit cards on the same day. This won’t be each and every time, but we have seen the cash land back into accounts on the same day when making a request back onto a debit card. As a general rule, you can expect to receive funds back onto your debit card within 1-3 days.
Credit Cards- Not too bad
With a credit card you will be depositing using Visa or Mastercard as a general rule. Do watch out for processing fees for both deposits and withdrawals when using a credit card. This range from anything between £1.50 to a percentage of either the deposit or withdrawal amount that you are requesting.
When you deposit using a credit card you can expect to receive your funds within 3-5 working days depending on what bookmaker you are withdrawing your funds from.
Bank Transfer - Slower than other methods
Bank transfer may be suitable deposit and withdrawal method for people that don’t have a PayPal account or debit card. It isn’t the fastest method and can be more fiddly to make your deposit and withdrawal via bank transfer. Most bookmakers claim to process bank transfer withdrawals within 5-7 working days from the point that a request is made.
Cheque - Pretty Slow
If you are looking to make a withdrawal from a bookmaker via cheque, then you may be in for quite a wait before you receive your winnings. To start with you will generally need to have made your deposit via cheque in the first place. This will take 5 working days to clear. Then once you have made your withdrawal request, you will need to wait around 5-10 working days for the cheque to be raised. From this point it will then need to be sent to you and you need to bank it. From then it will take 5 working days to clear before you can spend your winnings. If you are looking for a quick withdrawal from your bookmaker, we’d recommend that you use any method other than a cheque.
What Can Hold Up Withdrawal times at Bookmakers?
If you want fast payouts from a bookmaker then you want to ensure that your bookmaker account is verified. This involves sending some documents like a copy of your driver´s license or passport as well as a recent utility bill that is less than 3 months old.
If you want you bookmaker withdrawal quickly then it’s best to do this as soon as you have joined. As a best practice, send them as soon as you have completed a bookmaker sign up offer. If you haven’t verified your betting account, you can expect an email requesting these documents as soon as you have made your withdrawal request.