How Long Does a Betfair Withdrawal Take?
Betfair offers five payment options for withdrawals, including Visa and Mastercard debit cards, PayPal, Skrill, Neteller, and Bank transfer. The fastest option is Visa cards with instant withdrawals. Mastercard debit cards withdrawal process can take 2 to 5 working days, while PayPal, Skrill, and Neteller Betfair withdrawals are usually processed within 24 hours. Bank transfers are the slowest, taking up to 3 working days.
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Betfair Withdrawal Methods
2 - 5 working days
3 working days
Instant withdrawal to Visa cards is drawing attention. Most UK banks are due to introduce Visa Fast Funds technology in the near future, allowing instant withdrawal process from betting sites, and Betfair claims instant withdrawals to any Visa card right now. At the same time, the minimum withdrawal processing times for MasterCard cards are two days, which is a record-long time for legal UK betting sites. Therefore, we recommend to use alternative methods.
You can add up to three debit cards to your Betfair account. Additionally, be aware that some UK issued Mastercards do not provide "collection account" details, which may cause withdrawal issues. Also you can't add more than one PayPal account to your Betfair account.
Please note that withdrawals can only be made from your Main Betfair Wallet. If you have funds in another wallet (e.g. Poker account), transfer the funds back to your Main Wallet before withdrawing.
Betfair applies a closed-loop policy, as do many legal bookmakers. You must withdraw at least the total amount deposited with the payment method you used to deposit before trying alternative methods.
In order to withdraw funds in any way, you must be verified. To do this, provide the necessary information in your personal account and upload documents to prove it.
Withdrawal and deposit limits are not the same. The minimum deposit limit is £5 for paysafecard and Visa, while you can withdraw starting from £1 with all payment methods available.
Betfair Withdrawal Method — Visa Debit Card
Visa has the fastest Betfair withdrawal time, providing instant withdrawals for all debit cards, not only Fast Funds. The minimum withdrawal amount allowed is £1, furthermore, Betfair does not impose a maximum limit for withdrawals, providing flexibility for players of all levels. The bookmaker does not charge any commission for both depositing and withdrawals on transactions themselves, but pay attention to possible Betfair commissions on winnings.
Betfair Withdrawal Method — PayPal
A widely used e-wallet with payouts usually processed within 24 hours. It's the same Betfair minimum withdrawal for PayPal (£1), and there is no max limit set by Betfair. Furthermore, there are no associated fees for using this payment method. It is important to keep in mind that only one PayPal account can be linked to a Betfair account, as you can only have one personal account in the system.
Betfair Withdrawal Method — Skrill
An e-wallet payment system with processing times typically taking no more than 24 hours. Similar to other payment options offered by Betfair, the minimum withdrawal amount for Skrill is £1, and there is no specified max limit. Additionally, there are no fees associated with Skrill withdrawals and deposits. If you are about to deposit funds via Skrill, please note the non-standard minimum limit of £12. Together with Neteller, it provides the maximum deposit limit among various payment methods (up to £32,500).
Betfair Withdrawal Method — Neteller
UK customers can make relatively fast Betfair payments using Neteller to withdraw, with processing typically taking no more than 24 hours. The minimum withdrawal amount for Neteller is £1, and there is no specified max limit. Betfair does not charge any fees for Neteller deposits and withdrawals.
Betfair Withdrawal Method — Mastercard
Mastercard debit card withdrawals at Betfair typically take 2 to 5 working days. The minimum withdrawal amount is £1, with no specified maxlimit. No commisions apply to this method. However, be aware that some UK-issued Mastercards might not provide "collection account" details, which can cause issues with withdrawals.
Betfair Withdrawal Method — Bank Transfer
Withdrawals made through regular bank transfer can take up to 3 working days to process, as there is no express bank transfers. That makes it the slowest among Betfair withdrawal options. The minimum withdrawal amount is £1, with no maximum limit specified. Betfair does not charge a withdrawal fee for bank transfer withdrawals, but processing times may vary depending on the user's bank. This is the highest-limit method for deposit and withdrawal transactions, as no maximum is stated for both operations.
Unacceptable Withdrawal Methods
A prepaid card that allows users to make online payments without sharing personal financial information. Some betting sites make withdrawals to an online paysafecard account, but not Betfair. This is the lowest-limit deposit method with the minimum of £5 and a maximum deposit amount of £400 without fees. Please note that you need an account on paysafecard to top up your Betfair account via paysafecard deposit method, even if you are about to use a paper voucher with a PIN code offline.
A mobile e-wallet that enables users to make secure online transactions. Betfair accepts MuchBetter for instant deposits with a minimum deposit amount of £10 and a maximum deposit amount of £20,000 without fees. However, it cannot be used for withdrawals at Betfair. Unfortunately, MuchBetter cannot be used for withdrawals at Betfair, so users must choose another withdrawal method to access their winnings.
Apple Pay is a mobile payment and digital wallet service by Apple Inc. It allows users to make payments in person, in iOS apps, and on the web. The system does not transmit user data or card details during financial transactions, only a special code. Apple Pay requires a bank card to be linked, which can be used to make deposits and withdrawals to Betfair, but the Apple service itself is not supported.
How to Withdraw from Betfair
If you've been lucky enough to win some bets and want to withdraw your earnings from your Betfair account, the process is simple and straightforward. Here's a simple step-by-step Betfair withdrawal guide:
Be sure to check out the payout times and additional information we have compiled for you, because Betfair has obvious strengths like withdrawal limits and significant weaknesses (for example, a lack of express bank transfer).
Betfair Video Review
Withdrawal information is certainly not all you need to know about Betfair. If you haven't read the review yet, we suggest you watch the video where we list the key pros and cons of the betting site.
Betfair video review
Betfair Withdrawal Times FAQs
Yes, Betfair withdrawals via Visa debit cards are processed instantly, which is rare for legal betting platforms. The sportsbook and the exchange claim this period for all Visa cards, although not all banks in the UK have adopted Fast Funds technology. However, it's important to note that other payment methods offered by Betfair take longer to process, even the other banj cards. The MasterCard debit system, on the other hand, have a near-record minimum withdrawal time of 2 days. Other payout methods also take considerably longer: PayPal, Skrill, and Neteller provide payout in 24 hours, and bank transfer in 3 working days.
Betfair supports debit cards Visa and Mastercard, Paypal, Neteller and Skrill e-wallets, and bank transfer as deposit and withdrawal options. The range of payment methods is quite impressive, except that there may be a lack of cash withdrawals, as Betfair does not operate offline. The bookmaker claims instant withdrawal to Visa cards, so we recommend you consider this method for obvious reasons. Explore the withdrawal times for the other methods in our comprehensive article.
If you experience withdrawal issues at Betfair, first ensure that you have met all requirements. Remember that you can withdraw money only from your Main Wallet, not Casino Wallet or Arcade Wallet, so transfer your funds to the right one using convenient Betfair payment methods.
Also there is a closed-loop policy when it comes to withdrawals. This means that you can only withdraw money from the same method that you used to make your last deposit before using different payment methods. For example, if you deposited cash using your Visa card, you will only be able to withdraw money back to that same Visa. If you are still having problems, contact Betfair customer support team.
In accordance with the regulator Gambling Commission's regulations, it is not possible to cancel or change withdrawals on any legal UK betting site. Even for a Betfair pending withdrawal, which has not yet gone into processing, it cannot be done. This rule promotes responsible play and protects vulnerable players from changing their minds and cancelling withdrawals. So think carefully before making a withdrawal request. In any case we recommend you to make small requests, as the bookmaker allows withdrawals from £1 via any payment method.
Withdrawing funds from Betfair is a relatively simple and hassle-free process. To withdraw funds from Betfair, users need to navigate to the "Withdraw Funds" section, select between Betfair payment methods, enter the withdrawal amount, and provide any necessary information. Soon you will see the transaction in your withdrawal history tab. The bookmaker and the exchange offer multiple withdrawal options, including Visa/Mastercard debit cards, bank transfer, and popular e-wallets such as PayPal and Skrill. In terms of speed, the easiest way is with Visa cards with instant withdrawal.