Easiest Betting Site To Withdraw Money
Posted : admin On 3/31/2022- How To Withdraw Money From Betting Account
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Most people see any kind of gambling as an activity somewhere between passion and addiction. We’ve all seen one story too many about an individual who lost everything they had in a casino or betting on sports, but we still fall into the trap of spending too much money from time to time.
Speaking of money, it is often the most ignored element in the entire equation. Apart from passion, discipline, time and dedication, any betting enthusiast knows that he needs money to be able to fuel his passion respectively. Thus, a bookmaker must not only have good betting offers, selections, and customer support – it must also have good ways to handling a client’s money.
We have reviewed some payment options for deposits and withdrawals, so please find bellow a short guide to popular payment methods at online bookmakers, which hopefully will help you to choose the best one for your betting activities.
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Deposits & Withdrawals – What Are The Best Options?
There are two main components to the money handling part of any bookmaker: deposit and withdrawal options. The second is fairly easy and straightforward: whenever a client wants to cash in his winnings and withdraw money, he has to be able to do so quickly, easily, with fees as small as possible and preferably have the money delivered to his choice of medium (cash, credit card, e-wallet, prepaid cards, bitcoin, and etc).
The difference between betting sites is usually related to the number of days between the withdraw request from the client and the actual receiving of the money into the account. The best times on the market are around 1-2 days, but we have seen bookmakers take as long as five days to process a withdraw request from a client.
As mentioned before, this part is straightforward – the deposits are usually not. To put it simply, a bettor would want to have as many choices to deposit funds into his account as possible, and would like the money to appear instantly into their betting account. While this does happen for a number of deposit solutions we will analyze today; it isn’t the case for everyone.
Of course, you would like to give away as little private, sensitive information as possible, while also being in the clear to perform any transactions you want, regardless of sum and time of week when you choose to play. Thus, we will analyze the most common deposit categories to see what they bring to the table, their pros and cons, and help you decide which is the best one in your particular case.
1. E – Wallets
Payment solutions such as Paypal, Skrill and Neteller are often mentioned as the most widely-used and safe deposit solutions in the gambling industry, and for good reason too. They work surprisingly simple: a customer must first setup an account with one of these companies, which works as an online wallet.
The punter then deposit money (or receive money) into this account, which in turn will be able to fuel his betting account. These online wallets are extremely secure and can be used in a wide array of domains outside betting as well. There is a good chance a lot of future betting customers already have such an account, which can make deposits a lot easier. Of course, no payment solutions is perfect. Please find bellow our reviews on each e-wallet payment method:
Pros: easy to use, funds available almost instantly, extremely secure payment solution.
Cons: Not all international bookmakers accept e-wallet payment solutions; Can take up to a few days to initially confirm account; fees are higher than other choices.
2. Credit & Debit Cards
Depositing funds from a credit card/debit card into your betting account is currently the most popular worldwide solution. Providers like Visa, MasterCard, American Express, Discover, or really any other credit card provider allow you to directly deposit funds from your card into your betting account.
We can safely presume that everyone receives their salary or money on a card these days, so this method is, without a doubt, the easiest to pull off.
Pros: very accessible, small fees, funds appear instantly into betting account.
How To Withdraw Money From Betting Account
Cons: card might have in-built limits both for incoming and outgoing transactions.
3. Prepaid cards
In essence, prepaid cards like Paysafecard or Ukash work in the same way as a credit or debit card. You have a prepaid card issued by a provider, which you then use to deposit funds into your online betting account. The only difference is that this card is not issued in your name and doesn’t contain any personal data.
Although most bookmakers take great pride in the fact that they handle your data very well and do not divulge it to third parties, some betting customers simply don’t want to risk it. The bottom line is easy to remember: a prepaid card is a safer, more discreet method of getting away with a deposit – and is the way to go if you’re hiding from your significant other.
Pros: very discreet, lack personal info.
Cons: must be purchased from a specific vendor; some bookmakers do not accept it as a payment method; must be cleared for online transactions ahead of time.
4. Money Transfers
Even though modern payment solutions have appeared all over the place, it’s strange how popular direct money transfers still are. These transfers are either performed by a company such Western Union, or conducted directly by the bank which holds your account. Either way, the money goes straight from your account (or pocket) to the bookmaker of your choice. Sending money using a money transfer is slightly more complicated than using a credit card or e-wallet, but most of these providers offer you step-by-step guides on how to do so.
Pros: very popular, extremely secure and trustworthy.
Cons: funds do not appear instantly; process requires some time and effort.
5. Cash Deposits
Especially when looking at the UK betting scene, we can’t possibly discuss payment methods without talking about brick-and-mortar betting shops. They are still wildly popular across the Kingdom, where you can safely assume that you will find a shop at every street corner. That being said, if you want to opt for the most anonymous solution of them all, visit one of your bookmaker’s physical shops and deposit/withdraw money from your account there, or simply play using traditional betting slips.
Pros: anonymous, mostly no fees involved.
Cons: time-consuming, not all bookmakers have physical betting shops in the UK, requires cash.
Summary
Without giving lots of names and detailed information, we have walked you through the most popular deposit options in the gambling world. Of course, every betting client has his preferred methods of conducting business, and there is no way of clearly saying that one deposit method is superior to another.
At the end of the day, it all boils down to personal preference and importance given to certain things like discreetness, ease of access or feel. Some deposit options activate some bonuses with particular bookmaker, so always be on the lookout for these things. After all, it’s your hard-earned money they are handling.
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Navigating the delicate details of your sportsbook’s payout options can seem overwhelming at first glance. Most often, you just want to know which withdrawal option will reliably pay out the fastest.
We’re happy to share our extensive experience making withdrawals from various online sportsbooks. Here, you’ll learn what to expect when making withdrawals using the most popular methods. With our help, you’ll know exactly what to expect when converting your hard-earned wins into cold hard cash.
We Only Deal With Top-Quality Transparent Sportsbooks
We’ve acquired data on withdrawal times based on firsthand experience betting at the online sportsbooks we review, as well as exhaustively researching each sportsbook’s financial terms and conditions.
Not only are the payout times we list accurate, but they can be verified by these sportsbooks’ customer service departments.
In the unlikely event that something goes wrong when you’re withdrawing, your sportsbook customer service will assist you with any concerns you might have.
Reputation Matters Most
The most important aspect of selecting a sportsbook is its reputation. A long history of solvency – as well as a consistently high bar for customer service – always counts more than an enticing bonus offer or slightly better odds on the game you want to bet.
If you’re using an unlicensed sportsbook, you simply can’t acquire accurate information regarding withdrawal timelines. They may advertise lightning-quick payouts, but remember: If it’s too good to be true, it usually is.
Only licensed sportsbooks pride themselves in financial transparency, striving to set specific expectations for their bettors. Protect your investment by never betting on sports with an unlicensed operator.
Regardless of Method, You Must Verify Your Identity Before Withdrawing
You will always be asked to verify your identity before successfully receiving your first withdrawal. Rest assured, you’ll only be asked to do this once.
If you have any questions as to why you’re required to verify your identity – and how to go about the identity verification process – check out our thorough guide on the subject.
If it seems onerous to provide ID to receive the money you’ve rightfully won, just remember – these restrictions are in place to protect your bankroll from fraud. The sportsbook gains nothing if a nefarious actor is able to gain access to your funds, and you lose everything.
Any sportsbook that does not ask you for identification isn’t playing by the book.
Most Popular Sportsbook Withdrawal Options
Bank Wires
Bank wires aren’t the quickest option available, but they’re still a prevalent method of deposit for many American bettors to receive funds. After all, bank wires land directly in your bank account balance, making your winnings instantly available.
Expect to wait between one to two weeks for a withdrawal request to be processed via ACH transfer/or bank wire. If you’re lucky, you might see a payment processed as quickly as three business days.
Couriered Check
Couriered checks are slightly slower than bank wires, simply because they rely on third-party mailing services like FedEx or USPS. Despite their slow speed, the majority of sportsbooks offer bettors the option to receive payouts via check.
Person-to-Person (P2P) or Money Order Transfers
Fewer and fewer sportsbooks offer this option due to the long waits associated with payouts, but money order withdrawals are still available at select sportsbooks.
eWallet
eWallets like PayPal provide the fastest withdrawal option for most sports bettors. While they are not offered at every sportsbook, an increasing number of operators will make transactions in both directions using these services.
PayPal withdrawals are typically processed within 24-48 hours. Using PayPal to deposit has also become more frequently common.
Withdrawals Are Quicker During Down Seasons
Easiest Betting Site To Withdraw Money Paypal
Sometimes, you may notice that your withdrawals are processed and received significantly faster than the time frames provided above.
Say that you’re betting the moneyline on a regular season match between the Columbus Blue Jackets and the Florida Panthers in early April. Because this type of event won’t likely draw a ton of betting volume, they’ll like have fewer withdrawals to process.
With fewer payouts to divvy out, there’s less stress on your sportsbooks’ financial department. Less stress means there’s a strong chance that you’ll get your payout faster than normal.
Easiest Betting Site To Withdraw Money
Withdrawals May Take Longer in Busy Season
Conversely, if you’re betting on the Super Bowl (or any of the other events with the highest betting volume of the year), there’s a chance that your payout times will be stretched against the maximum stated timeframe.
In rare cases, they may even be slightly delayed if your sportsbook receives even more bets than they were expecting. This isn’t unheard of, given the size and increase of the global betting market every year.
However, don’t hesitate to contact your sportsbooks’ customer service department if you’re wondering what’s happening with your withdrawal. They’ll be more than happy to answer any and all of your questions, and provide some clarity as to when you can expect to receive your payout.
Start Betting With Confidence!
If you’ve got any more questions related to any aspect of the financial portion of your sportsbook, make sure to check out our comprehensive guide to depositing and withdrawing.
If you’re ready to start betting at your online sportsbook of choice, check out our how-to guide for sports betting, where we give you quick, actionable tips to grow your bankroll in a hurry!