Most punters will agree that cashing out a handsome amount from an online betting site is one of the best feelings in the world. It is certainly a much better feeling than making a deposit. It is times like this that punters appreciate fast payouts and they don’t want to have to wait through unnecessary delays. One of the most important criteria for rating sportsbooks is promptness of payout so it only makes sense that the top rated sportsbooks have some of the fastest payouts. Slow-paying is one way to quickly lose customers.
Punters who have had the pleasure of cashing out know that there is a big difference between how easy it is to make a deposit compared with making a withdrawal. Depositing funds is a cinch and the funds are usually credited to the punter’s account instantly. Withdrawals, on the other hand, require a few extra steps and the money usually take a little time before it is in the hands of the happy punter.
Bookmakers with instant payouts – what methods to use
While withdrawals from online betting sites can be processed very quickly, they aren’t really “instant”. Many of the best bookmakers can complete withdrawals within 24 depending on the method used. Some can even get it done within an hour. Titanbet, and Bovada are a few of the sportsbooks that are able to facilitate some of the speediest payouts. William Hill, Unibet, and Pinnacle are also among the fastest.
Punters that use Neteller will get the fastest payouts. In many cases, Neteller withdrawals can be processed within one hour. Those who have a card from this provider can then access their money at an ATM machine. The best part is that there are no fees to the customer. Other quick methods include Skrill, Entropay, UKash, and Paypal which will normally be able to complete withdrawals within 24 hours.
Some online betting sites that accept wire transfer services for deposits and withdrawals can get your funds to you within a couple of hours. In most cases, punters need to contact customer service and provide some information. The downside to this method is that there are fees attached but if you need to get your money fast then the cost might be worth it.
How long do Withdrawals Usually Take?
The amount of time it takes to process a withdrawal depends on which method a punter uses. As discussed, using Neteller can be very fast. Other E-wallets such as Paypal, Skrill, and Instadebit can usually complete withdrawals within 24 hours. Some countries do not allow credit cards to be used to make bookmaker withdrawals but those who are able to will find that it will usually take 2-4 business days to see the withdrawal. The same can be said for using debit cards and bank wires.
If you are a fan of the old fashioned way, patient punters can wait for up to a month to get a check in the mail. Be sure to check with your bookmaker to find out what the fastest method of withdrawal is. Also, inquire about fees for the service.
Are there fees for faster withdrawals?
There are fees associated with using such services as bank wires, debit card, Bitcoin and couriered check. These fees vary and some of the services require a minimum withdrawal. Most bookmakers have these fees listed but if you are unable to find the fee amounts then punters can contact customer service to inquire.
Using E-wallets such as Skrill, Instadebit, and Paypal usually have small fees attached when transferring funds into your bank account. If you have a Neteller then using this service is one of the best options available.
Tips for Speeding up Payouts
Many punters have become frustrated by the withdrawal process. They thought that because making a deposit was so easy that the cash out process would be just as easy. The punters became upset because they were asked to provide some documents and identification to verify themselves. Please note that it is standard practice for bookmakers to do this when customers make withdrawals. Now, these verifications only need to be done once in most cases.
Punters can save themselves a lot of time and hassle by verifying their accounts when they make the first deposit at a bookmaker. This way, if they cash out, the groundwork is done and there will be no delays in processing the cashout. Find out what the book requires from you to complete a payout and get it out of the way. Verification usually involves producing some form of government ID such as a passport or driver’s license. You may be asked to provide a scanned copy of a bank statement or even a utility bill. Getting verified doesn’t take long once you have the required credentials. The bookie isn’t picking on you or trying to get out of paying you, they are simply following standard operating procedure. They are required to take these steps so don’t be caught unaware.
Another tip for those who want to take a preemptive step towards faster payouts is to open an E-wallet account. Having a Neteller account and ATM card will speed up the process significantly. Just like the bookmakers, Ewallet companies will need to verify you. This means that you will need to submit some documents and identification. The quicker you get this done the better it will be for you. You should also be familiar with the laws that govern the transferring of funds in your country. For instance, strict banking laws in the United States severely limit the methods of transactions between sportsbooks and their customers.
Finally, know what the minimum and maximum withdrawal amounts that are allowed using your chosen method. A punter will not be happy if they try to cash out $30,000 only to find that there is a $5,000 cash out limit.