Withdrawing funds after a big win is one of the most satisfying parts of the betting experience, therefore finding out the Betfair withdrawal time for all the options available is crucial. Some e-wallets deliver within four hours, while other methods might take 2 to 5 working days. Read on to discover more!
Betfair Withdrawal Times & Options
| Method | Min | Max | Processing Time | Fee |
|---|---|---|---|---|
| £5 | Not Specified | Instant | Free | |
| £5 | Not Specified | Instant | Free | |
| £30 | Not Specified | Instant | Free | |
| £30 | Not Specified | Instant | Free | |
| £30 | Not Specified | Instant | Free | |
| £30 | Not Specified | Instant | Free | |
| £5 | Not Specified | Instant | Free | |
| £30 | Not Specified | Instant | Free | |
| £20 | Not Specified | 1-5 working days | Free |
| Method | Min | Max | Processing Time | Fee |
|---|---|---|---|---|
| £0.01 | Not Specified | 2-5 working days | Free | |
| £0.01 | Not Specified | 2-5 working days | Free | |
| £1 | Not Specified | 1-4 hours | Free | |
| £1 | Not Specified | 1-4 hours | Free | |
| £1 | Not Specified | 1-4 hours | Free | |
| £0.01 | Not Specified | 1-4 hours | Free | |
| £0.01 | Not Specified | 2-3 working days | Free | |
| £0.01 | Not Specified | Up to 24 hours | Free | |
| £10 | Not Specified | 1-5 working days | Free |
Betfair has a good range of payment methods, similarly to some of the best bookies in the UK. Betfair is fully licensed and regulated, meaning you can be confident about your funds being safe. Remember that Betfair operate a ‘Closed Loop Policy', which means you must withdraw your funds using the same payment method you used to deposit funds into your account.
Best Betfair Withdrawal Methods
Do Betfair withdrawal times stated on their terms stand up to scrutiny? We crosschecked the reported processing times with our findings, and we found that the average withdrawal time is standard for the industry. While not the quickest out there, Betfair are solid and reliable.
Betfair Withdrawal Time With Apple Pay – 2 to 3 Working Days
Apple Pay enables iPhone users to deposit and withdraw at Betfair with a simple click. Deposits are instant and withdrawals are processed in 2-3 working days. The process is quick, easy and flexible, with Apple Pay allowing users to make payments through iOS and watchOS apps, as well as websites in Safari.
Apple Pay does not have a built-in limit and there is no maximum level of withdrawal stated on Betfair’s website. Upon asking customer services, it was confirmed that there is no maximum withdrawal limit. While the processing time is generally within the stated time, it has occasionally been known to take four or five days.
Betfair Withdrawal Time With Bank Transfers – 3 to 5 Working Days
Bank transfers are the most widely accessible payment method with online bookies. No cards are required, and it is a safe and secure method. It is the longest processing time of any of Betfair’s withdrawal methods, with 3 to 5 working days.
This timeframe can vary, as this is down to individual banks. Also, Betfair’s timescale and level of consistency with bank transfers is standard in the industry.
As stated earlier, Betfair do not specify maximum withdrawal limits, however, if you are moving a significant amount of cash – certainly sums into six figures – then the added security could make this the best method for you.
Betfair Withdrawal Time With Instant Bank Transfers – Up to 8 Hours
Betfair offer instant bank transfers, which is a safe, quickfire method to handle your deposits and withdrawals.
Betfair state on their website that the processing time with this payment method is immediate. Nonetheless, our in-depth review found out that it can take a few hours.
Betfair Withdrawal Time With Paypal – 1 to 4 Hours
Paypal is a secure, quick and convenient payment method, which is why Betfair currently includes it in their list of available options.
When depositing, you do have a minimum limit of £30, but it is a quick and secure way to withdraw and, with Betfair, you can generally have your funds within four hours. The bookmaker does not specify an upper limit on withdrawals, however, paypal has a limit of £5500 for a single transaction.
Betfair Withdrawal Time With Mastercard – 2 to 5 Working Days
First thing to note is that we are not talking about credit cards here, but debit and pre-paid cards. Like all UK bookies regulated by the UK Gambling Commssion, Betfair does not accept credit cards after a ban imposed in April 2020.
Like other debit cards, Mastercard’s timescale is 2-5 working days. Minimum deposit is low, at £5, while there is no specified upper limit for withdrawals.
Betfair Withdrawal Time With Visa – 2 to 5 Working Days (1 to 4 hours with Fast Funds)
Again, this refers to Visa debit cards only. We found out that withdrawing with Visa was quick and simple, and funds were returned within three days.
However, with Visa, you have the option to use f Fast Funds up to five times per day, for withdrawals up to £2000. Fast Funds is a payment system offered by Visa Money Transfer, enabling you to withdraw money from your bookmaker’s wallet and transfer it to your bank almost instantly.
Betfair Withdrawal Time With Skrill – 1 to 4 Hours
Skrill is an e-wallet that offers quick and efficient withdrawals at Betfair. Your funds are generally with you within a few hours, with the bookmaker making good on its estimate of 1-4 hours.
Like other e-wallets, using Skrill means that you will not be eligible for the welcome bonus. This is standard with many UK bookies, as e-wallets were often used to set up multiple accounts – a practice that the operators do not allow.
Betfair Withdrawal Time With Neteller – 1 to 4 Hours
Not all top UK bookies include Neteller, so it is great that Betfair give us that option. They provide a quick, efficient way of moving larger sums of money.
Processing time is again 1-4 hours, however, like Skrill or as with any other e-wallet, you will rule yourself out from the possibility of bagging any bonuses and promotions on offer.
How to Withdraw on Betfair
Withdrawing funds with Betfair is quick and easy. Due to the bookie’s policy, we had to use the same method we used to make our initial deposit – in this case, we opted for Visa Debit Card. The process is as follows:
Key Betfair Withdrawal Factors
It is good practice to make sure that your account is well organised, something that might ensure a smooth withdrawal process. Even though Betfair simplifies the whole process, we have listed some key factors that you should be aware of.
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Closed loop system: As mentioned earlier, Betfair operates a ‘Closed Loop Policy' , meaning that you must withdraw your funds using the same payment method you used to deposit funds into your account.
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Your account must be fully verified: Before you withdraw, you must ensure that your account is verified through KYC (Know Your Customer) checks. You can do this by uploading proof of ID (Passport, driver's license, etc.) and proof of address (for example utility bill, bank statement). Verification can take up to 48 hours, so it is a good idea to get this completed quickly and avoid delays down the line.
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Withdrawing during the weekend: Remember that weekends are non-business days for banks, so, when it comes to withdrawal times, discount Saturday and Sunday. The same applies to bank holidays.
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Bonus restrictions: If you’ve got a bonus or free bet and you withdraw it, you’ll lose any winnings. Furthermore, depositing with Apple Pay, Bank Transfer or Debit Card means that you will be eligible for all promotions, while depositing with an e-wallet such as Neteller or Skrill will do the exact opposite.
Why Is My Betfair Withdrawal Pending Approval?
Sometimes, withdrawals can take a little longer than expected. If your process is pending or Betfair withdrawal time is being extended, it could be due to one of these reasons:
If the name on your account and on your chosen payment method do not match, then this might increase the withdrawal time at Betfair.
Be aware that when you withdraw large amounts, they will need to be stringently checked. This will take extra time and, on busy periods, such as weekends and bank holidays, will see this process slow further.
If you put through several withdrawal requests at the same time, then this will see things move slowly. Therefore, your request might take longer to complete.
Betfair Unaccepted Withdrawal Methods
While Betfair have a good range of withdrawal methods, there are a few of them that are unavailable.
Like all UK bookies, you cannot deposit or withdraw with credit cards at Betfair. Monzo is not yet an option, while Bitcoin, Binance Coin, NeoSurf, Tether, Boku, Ethereum and Payz are also not currently included.
ThePuntersPage Final Say
Betfair have a pleasing range of options when it comes to payment methods and, while there are speedier bookies out there, Betfair withdrawal times are generally good, also boasting a safe and efficient process. In addition to Betfair not specifying maximum withdrawal limits, customer service also confirmed that there is no upper limit. Thus, there is no evidence to suggest you will have any issues when withdrawing with Betfair.
Betfair Withdrawal Time FAQs
Betfair’s minimum withdrawal limit varies across payment methods. For debit cards and Apple Pay you can withdraw as little as £0.01.
No maximum amount is stated regarding Betfair withdrawal limits. According to customer service, there is no set limit, and you can simply withdraw all your funds if you choose to.
E-wallets and Instant Bank Transfer are the fastest withdrawal methods at Betfair, taking 1-4 hours. If you have fast funds, withdrawal time with a debit card can be 1-4 hours instead of the usual 2 – 5 working days.
Depending on the method you use, Betfair withdrawal time ranges from 1-4 hours to 2-5 working days.
The cash out feature is available at Betfair on both the sportsbook and the exchange.
If your withdrawal on Betfair is pending, it could be due to several reasons, including account names not matching, time taken to check large transactions – slowing the process down – and making numerous withdrawals at the same time.