Betfair withdrawal time: How long does Betfair take to withdraw

Some online casinos make requesting a withdrawal feel unnecessarily complicated.

Each payment method has different limits, processing times and sometimes even transaction fees. Betfair online casino is one of the biggest names in iGaming and it’s a reliable choice for players trying to find somewhere new to play with speedy withdrawals.

When it comes to security, Betfair and its partner companies have United Kingdom Gaming Commission (UKGC) licences under account numbers 39439, 39435, 39561 and 39426, as well as a Malta Gaming Authority (MGA) licence under number MGA/CRP/131/2006. This means its safety measures have passed rigorous testing and you don’t have to worry about your funds being poorly protected.

So, safety is guaranteed. But are the withdrawal times as good as Betfair claims?  

Why isn’t your withdrawal instant?

Betfair is one of the few casinos that actually has instant withdrawals through instant bank transfer and Apple Pay. The money usually hits your account immediately, although it can occasionally take up to four hours to process.

This is a consequence of extensive anti-money laundering (AML) regulations and closed-loop payment policies. Incomplete wagering requirements or identity verification can delay your withdrawal request or result in it being rejected.

These factors are why online casinos frequently have long time frames for some payment methods when processing withdrawals. I focus more on this below.

Betfair withdrawal times

As a frontrunner in the industry, Betfair has a diverse range of payment methods with some of the lowest minimums and fastest withdrawals in the UK iGaming market, like the aforementioned instant bank transfer.

Take a look at exactly how long Betfair takes to withdraw depending on the chosen method:

Although Betfair does not impose a maximum withdrawal limit, players should be aware that there are automatic limits which apply to deposits. There are no fees on withdrawal payments.

What affects withdrawal speed?

I touched on factors affecting withdrawal times earlier in the review but here’s a more in-depth discussion.

A closed loop policy requires that withdrawals are made to a payment method that has been used to make at least one deposit at the casino. This system is a preventative measure against money laundering through ensuring the money returns to its original, verified source.

For example, if you deposit £20 using Skrill, you must withdraw at least £20 back to Skrill before you can withdraw to an alternative payment method.

If you’re attempting to withdraw funds gained through a bonus that had wagering requirements, the casino has to check that you completed them fully and fairly.

As a UKGC and MGA regulated casino, Betfair requires all of its players to undergo identity verification before they are able to play using real-money funds. This includes proof of ID (e.g. Passport, Driving Licence, National ID) and proof of address dated within the last six months (e.g. utility bill, bank statement). Creating a new account means you’ll have to re-verify.

How to withdraw funds at Betfair

Here are the detailed instructions for making a withdrawal at Betfair online casino once you’re a verified player:

1. Head to the homepage and log in to your account.
2. Tap on “My Account” in the top right of the header, then, click “My Betfair Account”.
3. From this page, you can see your balance, simplified or in detail, and you can choose what to do with your funds. Tap “Withdraw Funds” to request a cash out.
4. Select your desired payment method (Instant Bank Transfer, Debit Cards and Apple Pay are located in the “Popular” tab while e-wallets such as PayPal can be found under “Other Methods”). 
5. Input the amount you’d like to cash out in the relevant box.
6. Click “Withdraw” to finalise the payment. You’ll be told whether it has been successful or not.

What can you do to speed up the process?

UK players can enjoy one of the quickest withdrawal processes in the world at Betfair. However, if you have concerns about long wait times there are still a few things you can do to speed up the process. 

KYC Check

Betfair’s advanced safeguarding measures should prevent players who aren’t verified from making any transactions but it’s worth confirming that your verification documents have been submitted, have been approved and that they are still valid.

Wagering requirements fulfilled

Ensure that you’ve completed wagering requirements fully. Failure to have done so before requesting a withdrawal may result in you forfeiting the funds.

Withdrawal timing

Pay attention to what day of the week it is. Withdrawals won’t be processed on non-working days. If you’re cashing out near the weekend or a public holiday (even one you don’t celebrate) be aware that your withdrawal may take longer than the listed time.

What should you do if the withdrawal is past the estimated withdrawal time?

Worried about a missing withdrawal? Consider these expert tips: 

Double check the expected Betfair withdrawal time for the method you used and that the days that have passed counted as ‘business days’.

For an instant withdrawal, if it has not arrived within four hours, it’s possible that the card type used isn’t eligible for instant bank transfer. Don’t panic! The payment is still on its way but may take 2-5 business days to show in your account.

For any type of withdrawal, if you haven’t received it after five working days, reach out to Betfair’s customer support team through email or live chat.

About the author

Daniel Smyth

Daniel Smyth has seen the online poker, casino, and betting industry from every angle. He previously played poker semi-professionally before working at WPT Magazine as a writer and editor. From there, he transitioned to online gaming where he’s been producing expert content for over 10 years.

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