Fast Payout Betting

Fast Withdrawal Betting Sites Explained

Withdrawing cash from your betting account is a standard part of using an online sportsbook. It’s usually a very straightforward process, but the amount of time it takes for the cash to land in your account can vary considerably.

Fast withdrawal betting sites give punters a choice of payment methods that get the job done quickly. We generally consider a fast payout to be within two days of the request being made. However, many services complete withdrawals within a couple of hours or even instantly in some cases.

On this page, we’ll run you through the reasons you might want to sign up with a fast withdrawal betting site, which payment methods will be available to use, and any other important bits of information you need to know about the withdrawal process.

Quick Payment Methods at Betting Sites with Fast Withdrawal

If you’ve got this far, you’ll be keen to know which payment methods at fast withdrawal betting sites are the quickest. Here are some of the best options available.

e-Wallets

Digital wallets such as PayPal, Neteller, and Skrill are immensely popular among betting customers for a number of reasons. For starters, you won’t need to share your bank details with the bookies, instead simply logging in with your email and password. The main benefit, however, is the fast withdrawals. These are completed within two days, but often within just a few hours or even instantly. If you plan on withdrawing from your e-wallet balance to your bank, this will add in an extra step — but in many cases this part is completed instantly.

Trustly

Trustly is a great option for punters who’d prefer to withdraw their cash straight to their bank account, rather than to a separate digital wallet. Trustly uses Open Banking technology that allows you to log in to your bank via its secure portal — this means you don’t have to share your bank details with the betting site, nor create any additional accounts. Trustly withdrawals can take up to three days but are often much quicker than this, so they’re faster than using your debit card on average.

Visa Fast Funds

While debit cards are generally maligned as being one of the slowest payout options, Visa Fast Funds has massively changed the game. It’s not available at every fast withdrawal betting site just yet, but we’d definitely recommend it if it’s offered to you as a Visa customer. Fast Funds withdrawals are processed in real time and are often completed within just 30 minutes, making them one of the quickest options out there.

Cryptocurrencies

Using cryptocurrencies to gamble requires a bit of research beforehand due to their inherent volatility, but there’s no doubt that crypto casinos offer some of the fastest withdrawals around. Transactions are often instant as they go directly from your betting account to your crypto wallet, bypassing third parties such as banks. 

AstroPay

AstroPay is a very versatile payment method that doubles up as a virtual prepaid card provider and an e-wallet. Withdrawals with AstroPay should take no more than a couple of days, and if you’d prefer to limit your deposits to particular amounts, you can purchase a virtual voucher through the app and use this to load your betting account.

Other Factors that Can Affect Payout Speed

It’s important to note that the speed of your payout may be influenced by other factors, unrelated to the choice of payment method. Keep these in mind when choosing a site and requesting a withdrawal.

Know Your Customer (KYC) Requirements

Most Know Your Customer (KYC) checks are completed before you first deposit funds to your betting account, but some sites may make further checks such as payment validation before you make a withdrawal. These are often done in the background just to ensure the withdrawal is going to the right person, but may add some time onto processing.

Betting Site Processing Time

Once you’ve requested a withdrawal, the betting site will need to process the payment before your e-wallet or bank can transfer the funds. Not every site states how long its processing takes, but this can be anywhere from instant up to a couple of days. It’s a good idea to check out a site’s withdrawal information in the FAQs before signing up, or ask the customer support team about the sportsbook’s processing speed.

Withdrawal Size & Limits

The size of your withdrawal can also affect the payout speed. For example, big wins might need manual verification before they can be withdrawn. Many sites also have daily withdrawal limits, so if you try and cash out a big win all in one go, you might be restricted by the limit and have to cash out in portions instead. Check out the betting site’s T&Cs when you sign up if this is of particular concern.

Other Payment Methods at Fast Withdrawal Betting Sites

Betting sites with fast withdrawal will usually support a whole host of different payment methods — some of which will be a lot slower to deliver payouts, while others might not support withdrawals at all. Still, these alternatives offer a range of different benefits.

Slow Withdrawal Methods

If you’re not too fussed about how quickly your cash reaches your account, you may wish to use a traditional banking option such as a bank transfer or debit card withdrawal. These have the benefit of requiring no additional accounts — all you have to do is enter your bank details to set up the payments. They’ll typically take up to five working days to process, but the cash will go straight to your bank. This saves the additional step of making a second withdrawal from your e-wallet to your bank.

• Debit Cards
• Bank Transfers

Deposit-Only Methods

Some payment methods don’t support withdrawals and are simply used to add funds to your betting account. The often-cited benefits of pay by phone bill, such as the ease of set-up and the option to not share your bank details, are somewhat derailed by the fact you’d still have to use an alternative service to withdraw funds. Still, these options are helpful for budgeting as well as security — with Paysafecard, you just need the 16-digit PIN on the card to add funds, and you can only spend what you initially load onto the card.

• Paysafecard
• Pay by Phone Bill

Welcome Offers at Fast Withdrawal Betting Sites

A welcome bonus is a punter’s first chance to get their hands on rewards at a fast withdrawal betting site. Bookmakers offer them to give new customers additional incentive to sign up. Since there are so many different fast payout betting sites to choose from, the power is in your hands to pick a site offering the best deal.

Matched Deposit

Matched deposit bonuses are among the most common offers for new customers. They require bettors to make a qualifying deposit, which will then be matched by the betting site to a certain percentage. A 100% bonus would allow you to essentially double your money, with a £20 deposit returning £20 in bonus credit, ready to be wagered on eligible sports betting markets.

Free Bets

If you’re into sports betting, there’s nothing much better than a free bet. It works like a token, which is set to a particular value, that you can then stick on eligible markets and be in with a shout of winning withdrawable cash. Free bets are regularly included as part of welcome offers, but you’ll also be able to pick them up as an exciting customer too.

Risk-Free Bets & Bet Refunds

Another popular format for welcome offers at fast withdrawal betting sites is the risk-free bet. With this promotion, if you lose your first bet, it’ll be refunded in the form of a free bet token. There’ll usually be a maximum refund you can receive, so if you make a particularly large opening bet, you may only receive part of the stake back if you lose. Still, it’s a great way to kick off your betting experience at a new site, knowing you’ll get to have another go if your first bet isn’t successful.

Enhanced Odds

Enhanced odds are a common promotion available to existing punters, but you’ll find them in deals for new customers too. Essentially, online sportsbooks will offer you an improved price on a selected match. You’ll be shown the original odds as well, to highlight the increased value of the bet. If an enhanced odds welcome offer on a match you have an interest in coincides with you signing up to a new fast withdrawal betting site, then it may well be worth taking advantage of the good timing.

Safety at Fast Withdrawal Betting Sites

Here at GamblingDeals, we only recommend fast withdrawal betting sites that are licensed by the UK Gambling Commission (UKGC). The UKGC regulates gambling sites in Great Britain and proposes legislation to increase player safety where appropriate. An example of this was the removal of credit cards for gambling purposes in April 2020.

If an online betting site breaks its licensing terms, it’ll be financially sanctioned or shut down. Therefore, playing at a licensed site affords players a degree of protection from malpractice on the part of the online sportsbook.

Another role of the UKGC is to ensure betting sites offer tools and guidance to help players gamble responsibly. This includes deposit limits and self-exclusions, as well as signposting resources like begambleaware.org, which offers free and confidential help to anyone who needs it. You can get more information on responsible gambling right here at GamblingDeals too, from our dedicated page.

Get Started at a Fast Withdrawal Betting Site

Now you know what fast withdrawal betting sites are all about, including the different payment methods and speeds available, it’s time to get stuck into the main event — placing some bets! Browse our list of the best betting sites with fast withdrawal, compare the different payment methods and promotions available, and click through to sign up and claim your welcome offer.