Fast Withdrawal Betting Sites in the UK For December 2023

Visa Fast Funds / Visa Direct

This payment method is called differently depending on its source - Visa Fast Funds or Visa Direct. British online bookmakers prefer the first withdrawal option, which is why we use it mainly in this review.

On its official website, Visa is frankly modest about Fast Funds technology and does not provide any detailed descriptions. The manufacturer claims that payments are processed in real time, so the cardholder can get a payout to Visa debit cards within 30 minutes.

In fact, UK fast payout bookies with Visa Fast Funds withdraw money within 4 hours on average. But this is way better than Mastercard or Maestro, which can take several banking days to pay out.

PayPal

PayPal is created for money transfers between individuals and/or legal entities. The payment method does not have its own financial infrastructure. It uses debit cards and bank accounts and acts as an intermediary between the parties when transferring funds.

What is good about intermediation? First of all, it's simple: you just have to log in to PayPal account and confirm the transfer. For debit card deposits, you have to enter a lot of additional information. Secondly, this payment method guarantees secure money transactions and is ready to resolve a dispute between the parties if necessary. In our experience, PayPal almost always sides with the person who pays the money, and that is a good thing.

Skrill

Many bettors associate Skrill with sports betting. And there's a reason for that. The fast payout betting sites are one of Skrill's target audiences. This payment method provides online bettors with great conditions - instant deposits and quick withdrawals to and from the fast withdrawal betting sites, convenient deposit and withdrawals from the Skrill wallet itself.

But most of all, there are exclusive offers for Skrill account holders. The payment method can reward online customers for their activity on fast withdrawal betting sites and credit the Skrill wallet balance with cash bonuses. Presumably because of this factor, many betting sites do not provide Welcome bonuses when a deposit is made via Skrill.

Neteller

Another e-wallet. Neteller is often associated with Skrill, because the way they work in very similar way. The only difference is that Neteller does not focus on bettors. The company has its own loyalty program. Promotion through the VIP programme is based on total quarterly spending and there are no separate rewards for activity on gambling resources.

Paysafecard

Paysafecard are prepaid cards in different denominations of money. They are sold online and offline. The cards can be used for online shopping, sending money transfers or receiving them. Paysafecard Mastercard can also be ordered.

Paysafecard is rarely seen as a quick withdrawal option at UK betting sites. Only Entain representatives, Ladbrokes and Coral, provide such an option. On average, it takes 8 hours to withdraw funds.

EcoPayz

The ecoPayz advertisement most often mentions the security of payments and customers' personal data. These are characteristics that the company has made a priority for itself. Also ecoPayz provides fast transfers and the possibility to receive money to a special ecoPayz Mastercard. EcoPayz withdrawals can be made through bookmaker such as Kwiff.

MuchBetter

Much Better is an e-wallet that is commonly used by UK bookmakers. It offers rewards to iGaming enthusiasts, and sometimes MuchBetter users can receive personal rewards from both the e-wallet company itself and from online gambling platforms. Additionally, MuchBetter boasts low withdrawal fees and high limits, making it an attractive option for many punters. Casumo is one of the online bookmakers that utilises the MuchBetter system.

Instant Bank Transfer

Instant Bank Transfers are often used by UK bookmakers, including Paddy Power and Coral, which both offer to transfer your funds from your betting account directly to your bank account. It's important to note that the processing speed of withdrawals to your bank through Instant Bank Transfers greatly depends on your bank.

Withdrawals are typically processed immediately, although there are occasional instances where the process can be processed within 24 hours. Therefore, it's advisable to check in advance whether Instant Bank Transfers are supported by your bank before using this withdrawal method.

Cash

The Cash category is a mix of solutions developed by the fast payout betting sites themselves. Companies create their own cards which can be used to receive instant withdrawals by withdrawing money from a betting shop or ATM.

These are the names of such payment methods at instant payout betting sites:

Rapid Transfer

Rapid Transfer allows UK punters to make online payments directly from their bank account. It is a fast and secure way to transfer money from your bank to a merchant, without having to use a credit card or e-wallets. One of the companies that offers Rapid Transfer as a payment method is Paddy Power.

Open Banking

Open Banking is a banking practice that allows third-party financial service providers to access the financial information of bank customers, with the customer's permission, through open Application Programming Interfaces (APIs). This allows for a more secure and efficient exchange of financial information between banks and third-party providers, such as payment service providers and fintech companies, making it easier for customers to manage their finances and make payments.

Open Banking is actively used in various industries, including the betting industry, where it is a popular payment method for online sports betting and casino sites. Smarkets, for example, offers Open Banking, which allows customers to deposit funds directly from their bank account, without having to use debit cards or e-wallets. 

Mastercard 

Mastercard transfers are a widely accepted method at all betting shops. All that is required to make a payment or withdrawal is the card number, first name, surname, card expiry date and CVC code. While these debit card withdrawals are very secure, they can take up to 2-3 business days and may not be available over the weekend.

Wire Transfer

A wire transfer, also known as a bank transfer, is a banking method of transferring money from a bank account to another. It involves the electronic transfer of funds from the sender's account to the recipient's account, usually through a banking network such as SWIFT or SEPA. A wire transfer can be initiated through online banking, in person at a bank branch or via a mobile banking app.

Wire transfers are a popular choice among bookmakers due to their simplicity and reliability. Depending on the sending bank, the payment will typically arrive in your bank account within 1-5 business days.

Trustly

Trustly is a payment option that allows users to make direct bank transfers through their online banking accounts. It is quite popular for deposits and withdrawals among UK bookmakers. When using Trustly for withdrawals, it's important to note that the processing time can take 1-2 working days. This means that it may take up to two business days for the withdrawn funds to appear in the user's bank account.