When you are looking to join a new bookmaker or casino online, one of the main things you’ll want to know is if you can get hold of your winnings quickly. This guide to the Betfred withdrawal time will tell you what to expect, so you know exactly what to do to make the process fast and stress-free.
Of course, before you get to the withdrawal stage, there are some other boxes you need to tick first, so this guide will also take you through those, so there are no nasty surprises when you go to make your Betfred withdrawal.
Making a Betfred withdrawal is a simple process that is often made difficult by not knowing enough background information beforehand. The first important step is to make sure your account is verified and that there are no outstanding wagering requirements on any balance you wish to withdraw.
This not only counts for any of the welcome bonuses for sports, casino, bingo, or lotto but any of the other Betfred promotions, of which there are a huge number. These are covered in more detail in a separate guide, but if you are unsure you need to check the terms and conditions of the promotion.
Once you have that box ticked, the next factor that could affect your Betfred withdrawal time is the method you wish to use for your withdrawal. As you will have seen when you made your deposit, the accepted methods for funding your account are:
However, not all of these methods are accepted when making withdrawals, as when you go to withdraw any winnings, you will not see Paysafe card listed among the options. This means you will have to select a different method for your withdrawal, or you might also want to make a withdrawal using a different method to your deposit by choice. If you are doing this, you should set your new method up first to cut down the Betfred withdrawal time, especially if you are opting for an e-wallet option like Skrill, Skrill 1-tap, or Neteller.
Regardless of which method you choose, you need to be aware of the minimum withdrawal amount. You might think that the minimum withdrawal amount is £5, however, you can withdraw less than this if you contact customer service first.
Even if you withdraw a very small amount, this withdrawal, like the deposit you made, doesn’t incur any Betfred transaction fees. However, you will have to check whether your account provider makes any charge for this service.
Now you are armed with all of that information, you can take the simple steps involved in making a withdrawal.
As with all withdrawals, Betfred withdrawals will be subject to verification. This can take up to 48 hrs and will be part of the process regardless of which method you have chosen. After that, the process and timescale can vary depending on which methods you have chosen.
Betfred supports withdrawals to Visa and Mastercard debit cards, but not credit cards - as like all UK betting sites, Betfred has been barred from accepting them since April 2020.
Choosing this method is likely to be the most convenient as this was probably how you funded your account in the first place. However, it is far from the fastest as it can take up to 5 working days (so basically a week) before you see the money in your account. The maximum withdrawal using this method is £20,000.
Faster alternative - Visa fast funds
If you want things to move a little faster there is the fast funds option for card holders. This won’t be open to everyone, so you will need to check with your card provider if the option does not display your details when you select it from the available withdrawal methods.
Neteller and Skrill are the available e-wallet options for Betfred and are typically much faster than the debit card options. As touched on previously, you will have to spend time setting either of these up in your Betfair account first, but after that, you should have funds in your account within a few minutes.
Of course, you will then have to transfer these funds manually to your bank account afterward, which may not take too much extra time, but will be an extra step in the process you need to account for. As with Visa and Mastercard, the maximum withdrawal using this method is £20,000.
The maximum withdrawal using Paypal is £20,000, and this can also take just a few minutes to show in your Paypal balance. This is also very convenient, as thanks to eBay, many people will already have a Paypal account. Chances are it will also be connected to your bank account so that final step will be quite rapid too. Of course, the added bonus of using Paypal over Visa or Mastercard is you won’t have the bookie's name showing up on your bank statements, which is important to some people.
The chances are that your withdrawal will go without a hitch, but you will also need to make sure you know what to do if things are taking longer than expected. The first golden rule here is to remember that verification can take up to 48 hrs, and nothing will happen until after that.
If there is a verification problem, Betfred should be in touch, or at least tell you that your withdrawal is on hold. This is why it is important that all of your information is up to date on the site before requesting a withdrawal, as it keeps the chances of something like this happening to a minimum.
Luckily, as you will have seen in our full Betfred review, Betfred customer support is highly rated and will be on hand to deal with any issues you have. You should, of course, check the FAQs to see if whatever the issue is can be easily resolved, or quickly consult an operator by Livechat. There is also the option to email them, although this will be slower, and if you prefer to talk through the problem, there is also telephone support between 8 am and 8 pm.
Getting hold of your winnings is a very important part of your Betfred online gaming experience - so of course you want it to go as smoothly as possible. Armed with the information in this guide you will know what steps to take to avoid rookie mistakes and select a method with the shortest turnaround time.
This is just one of many guides available at Betting.co.uk which can make betting at Betfred or any other bookie or casino much easier. These are designed to fill in any gaps in your knowledge regardless of whether you are a complete newbie or a more experienced bettor.
One of the biggest complaints about UK bookies is the amount of time it takes to get hold of your winnings. However, this can be cut down by knowing a few important facts. These are explained in our latest guide, designed so you can keep your Betfred withdrawal time to a minimum.
Some bookies might stop you from getting hold of your money because you don’t have enough sitting in your account to make a withdrawal. Our new guide explains all you need to know about Betfred withdrawals, including an important fact about the minimum withdrawable amount.
Betfred takes customer requirements seriously, and as a result, offers several deposit and withdrawal methods to account holders. As you would expect, some of these are faster than others. By reading our new guide, you will see the Betfred withdrawal time for each method, so you can pick the one that works the best for you.
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