Betfair Withdrawal Time - Payment Options for 2024

If you've managed to make a profit after using a Betfair sign up bonus code, you might want to withdraw your winnings back to your account rather than place any more bets.

Withdrawals need to be made back to your initial payment method to comply with Betfair's closed-loop policy, at least to the value initially deposited with that method. This is worth bearing in mind when choosing how to deposit to your Betfair account.

Betfair states a potential withdrawal time for bank transfers and debit cards of just 2-5 working days, but e-wallets are still the way to go if you want your funds fast as they'll be with you in around 4 hours.

Visa and Mastercard Debit Card

Allow 2-5 working days to receive Debit Card withdrawals.

Betfair suggests allowing a minimum of 2 working days for debit card withdrawals, but these could take up to 5 working days to be received.

The Debit card used to deposit will be the default for withdrawals.

Visa Fast Funds

Eligible cards can receive funds in under 2 hours.

If you are using a Visa card issued by a bank compatible with Visa Fast Funds, this is the quickest way to receive your funds. Most withdrawals in this way take under 2 hours.

Bank Transfer

Withdrawals by Bank transfer take 2-3 working days.

Using a bank transfer is usually the slowest method to withdraw your funds, but Betfair state a smaller withdrawal window than debit cards at just 2-3 working days for UK banks. International transfers can take up to 5 working days.

There are no fees for a standard bank transfer withdrawal.

Rapid Transfer

Fees may apply for this withdrawal method and will be shown on your withdrawal page.

Rapid transfer is a speedy method of withdrawing your funds, to a bank account. but can still take 2-3 working days.

Skrill

Allow up to 24 hours for Skrill withdrawals.

If you have placed a deposit by Skrill e-wallet, then withdrawals to the same method can be with you in as little as 4 hours, though you should allow up to 24 hours.

PayPal

4-24 hours is the estimated time for PayPal withdrawals.

As with other e-wallets, PayPal withdrawals can arrive back in your PayPal account in just 4 hours, though you should allow at least 24 hours.

Once in your PayPal account, funds can be returned to your bank account or kept for other online payments.

Neteller

Neteller withdrawals can take as little as 4 hours.

Another popular e-wallet accepted by Betfair, Neteller withdrawals are fast and free and can take as little as 4 hours or up to 24 hours in busy periods.

You will need to have used Neteller as a deposit method before withdrawing.

Apple Pay

iOS users who deposited with Apple Pay should allow up to 5 working days for withdrawals.

Apple Pay withdrawals have the same time scale as debit cards, so you should allow 2-5 working days for funds to arrive back in your account.

Withdrawals will appear as BETFAIR on your statement.

Prizeout

Withdraw your Betfair funds as a gift card up to £500.

Unusually Betfair offers you the option to withdraw your account funds as a gift card rather than cash.

You can select your preferred gift card, and it will arrive in your email within minutes. Gift cards will be sent via the email registered to your Betfair account.

MuchBetter

Withdraw to your MuchBetter account in under 24 hours.

MuchBetter is a payment app available for mobile phones that allows fast withdrawals without having to enter all your details. Although withdrawals might not be as fast as other e-wallets you should still have your funds in under 24 hours.

Instant Transfer

Get your funds immediately with Instant Transfer.

In addition to a regular bank transfer and Rapid Transfer, Betfair now allows you instant access to your funds with Instant Transfer using open banking protocols. You can withdraw as little as 1p this way.

How to Withdraw from Betfair

When you have a balance with Betfair, it will be shown in the top menu bar. By clicking on your balance, you can view any active bonuses, withdrawable balance, and withdrawal options.

Once you select withdraw, you will be taken to the withdrawal screen to select your withdrawal method. You will be able to view any registered payment methods on this page, and have the option to add alternative methods, usually bank transfer if you don't have an active withdrawal method.

Once you have selected your withdrawal method and amount, you just need to click withdraw.

Unavailable Withdrawal Methods

• Paysafecard - Although Betfair lists Paysafecard as a deposit method, it does not offer the option to withdraw funds back to a Paysafecard account.
• Credit Card - Credit cards are not available for use due to UK regulations, you will need to use a debit card for both deposits and withdrawals.

Change Log

• 26th March 2024 - Updated minimum withdrawal amounts and withdrawal times for all payment methods. Added Instant Transfer and MuchBetter as withdrawal options as these are now shown on the Betfair site.