Sky Bet Withdrawal Time - Payment Options for 2023

Did your Sky Bet new customer offer lead to a win? Once you’ve fulfilled any further play obligations tied to that or other bonus offers, it’s time to consider withdrawing your funds.

How you withdraw funds from your Sky Bet account can be determined by how you deposited them, so look at our article on depositing funds into your Sky Bet account.

Remember, Bet Credits must be played and cannot be withdrawn as cash.

As per the regulations, Sky Bet operates the closed-loop policy, which forces you to withdraw your funds via the method you deposited them to cover the amount deposited. Something to consider if you want to take advantage of Visa Fast Funds.

MasterCard and Debit Card Withdrawals

Funds arrive in your bank account in 2 - 5 banking days. A minimum withdrawal limit of £10. No maximum set.

If you only have a MasterCard Debit Card stored on your Sky Bet account, you could be waiting up to 5 days for funds to be in your account, especially if you requested the withdrawal on a Friday.

Sky Bet put this time scale down to the banking process. On the plus side, Sky Bet doesn't impose a withdrawal limit. Sky Bet does offer fast withdrawals by Mastercard, but not all banks are participating in the program currently.

Visa Debit Card Withdrawals

Funds in your account instantly with Visa Fast Funds. Minimum withdrawal of £10, with no maximum set.

If you've stored a Visa Debit Card in your Sky Bet account, you'll be able to take advantage of the Visa Fast Funds feature. Funds reach your account as soon as the withdrawal has been processed.

If Fast Funds is available on your card, it will be shown when you attempt to withdraw.

How to Withdraw Funds

You'll find the Withdraw option in the My Account section, as pictured below.

Since the minimum withdrawal amount is £10, you'll receive the error message below if you have any less than that.

However, if your balance is £10 or more (not including Bet Credits), you can select a Debit Card to be used for the withdrawal. If you only have one card registered, the details will be auto-populated, and you only need to add the withdrawal value and the card's security number.

If more than one card is stored, you can select a different card here; remember to withdraw to the card used to deposit the funds first, as per the closed-loop policy.

Always Bet Responsibly

Suppose you don't want to withdraw the funds in your account; instead choosing to bet again. If this is the case, check out the Profit and Loss section for a clear view of your spending, and ensure you keep within your Deposit Limits: you set them for a reason.

SkyBet offers other methods to help you gamble responsibly. You can set reality checks to remind you how long you've been gambling and set up short cool off periods where you cannot access the site for up to 30 days. If you feel a more extended break is necessary, then GamStop can help you exclude yourself from gambling sites for up to 5 years.

Unaccepted Withdrawal Methods

• Bank Transfer - There are no exceptions made with Sky Bet, meaning Bank Transfers are neither accepted as a deposit nor withdrawal method.
• E-wallets - Virgin Bet are on par with Sky Bet regarding their limited deposit and withdrawal methods. However, Virgin Bet does allow for PayPal withdrawals. This is not the case with Sky Bet, which only enables Debit Card withdrawals.
• Apple Pay and Google Pay - Although you can use Apple Pay and Google Pay from your mobile device, you cannot withdraw funds from your Sky Bet account this way. Since these payment methods are linked directly to a payment card, this isn't a hindrance. Especially when they often impose maximum withdrawal restrictions.
• Paysafecard - Not a method you can use with Sky Bet. However, if you have a specific use for your winnings, once your withdrawal is in your bank account, there's no reason why you can't allocate it to your Paysafecard account for use elsewhere.
• Cash/Dedicated Card - The Bet365 and Paddy Power cash cards offer instant access to your funds without needing to withdraw them. The balance can be spent online or withdrawn as cash. It's a popular feature but not something Sky Bet currently offer.
• Credit Cards - As per gambling regulations, it's not permitted to deposit or withdraw funds via credit cards.

Change Log

• 2nd August 2023 - Added information about Mastercard Fast Withdrawals being available at some banks.