LuckyMate withdrawal time - How long does LuckyMate take to withdraw?

Guide to withdrawing at LuckyMate

They may offer a decent range of accepted payment methods, but how long does a LuckyMate withdrawal take?

That’s a question everyone should be asking themselves more and more; new methods are being introduced to the market that offer shorter terms than many traditional options we’ve had to settle for as players. Is the LuckyMate withdrawal time any quicker than what has become standard?

I’ve taken a look at what this brand has to offer and whether it does better than many other UK slot sites. Let’s get into it below and see just how well LuckyMate does, so you know exactly what to expect if you decide to use this top online casino…

How long does a LuckyMate withdrawal take?

There’s no reason not to start with the main point and question on everyone’s lips: how long does a LuckyMate withdrawal take? Unfortunately, there doesn’t seem to be one simple answer, although they have a badge in the footer of the site that states ‘fast withdrawals’.

Of course, if you’ve played at online casino sites before, this is often because of the various factors that are involved throughout a withdrawal process. Withdrawal times can differ because of the method used, whether a player has passed Know Your Customer checks before making their first withdrawal request, while the banks can also impact the time taken.

Having taken a look at the FAQ pages regarding withdrawals, I did find the following about the LuckyMate withdrawal processing time:

“Once your request is submitted, we aim to process it within 2 business days, as long as we’ve received any required documentation or withdrawal method details. We’ll send you an email as soon as your withdrawal has been processed and the money’s on its way.”

What’s worth noting is that in a separate area of the site, they say “usually within the same business day”, which can make the LuckyMate withdrawal time a little quicker. Still, there’s no fixed timeline, so expect transactions to take anywhere between a couple of hours and 5 working days.

They also stated the following:

“A couple of things to keep in mind:

• Your bank or payment provider might take a little longer to credit the funds to your account.

• Sometimes delays happen with third parties, and sadly that’s out of our hands.

• We might need to pause or delay withdrawals if there are any unsettled deposit transactions.

• Once a withdrawal is approved and processed, it can’t be reversed.”

Accepted LuckyMate withdrawal methods

If you’ve already read our review of LuckyMate betting site, then you may already be aware of the range of accepted payment methods. Many of these can be used for a withdrawal, which we’ve outlined below:

Debit Cards

Visa and Mastercard debit cards are the primary options available to punters at LuckyMate. It’s convenient and accessible to British players, as they are typically made available by their banking institution immediately after a bank account is opened and can be used online.

Using a debit card is very simple and only requires players to enter the details on the front of the card when making a deposit. When it comes to withdrawing, they can use the same card to receive their funds. However, there are a few points to keep in mind when using debit cards.

All UKGC-licensed casinos are required to process funds back to the same method used to deposit them, a policy known as a closed-loop policy. At LuckyMate, they express that when using a Mastercard for deposits, a “withdrawal via bank transfer” may be made instead.

While convenient, they are typically among the slowest methods for receiving payments. The process can take up to 5 working days in some cases, though it has gotten quicker. Still, this can largely depend on the bank. Some have implemented Fast Funds for both Visa and Mastercard, but there’s no mention of it at LuckyMate, so it’s wise not to assume it is in place. If it is (or ever becomes) available, funds can be received in as few as 4 hours.

Digital Wallets

Not to be confused with e-wallets, LuckyMate provides Apple Pay and Google Pay as accepted deposit methods. This can mean that funds can also be withdrawn by using this method. However, this may not always be the case. It’s always best to see if it is available to you when logged in and checking your account.

The main issue with this method, for many, is that it doesn’t offer anything different from debit card withdrawals. If you thought the LuckyMate withdrawal time for Apple Pay was any quicker, you’ll be disappointed. The same card must still be used, and funds will be returned to it, resulting in the exact same LuckyMate payout time as the above.

Trustly

An open banking option, Trustly is available to punters who wish to use this service. It works in the same way as a bank transfer, but is instant. Often, the LuckyMate casino withdrawal times can be a lot faster with this method, but it’s not always a guarantee. You’ll still need to use the same debit card to use this open-banking platform.

Withdrawal Options Not Accepted At LuckyMate

LuckyMate doesn’t appear to offer any e-wallet options or a traditional bank transfer. This can be a little frustrating, as e-wallets offer a different payment experience for punters. They can offer increased security, anonymity, and privacy, while typically enabling faster withdrawals.

Of course, credit cards are banned from use, as per regulations introduced by the UKGC in April 2020 to protect vulnerable players from betting with borrowed money.

What is the minimum LuckyMate withdrawal amount?

The minimum LuckyMate withdrawal amount is £10. They also state that they do not charge a fee to process a withdrawal but warn that banks or other third parties may charge fees.

LuckyMate Withdrawal Process

The LuckyMate withdrawal process follows a simple five-step process:

1. Select your Profile icon at the top right of the screen.
2. Select “Withdrawal” from the dropdown menu.
3. Pick your preferred withdrawal method.
4. Enter the amount you want to withdraw.
5. Hit the “Withdraw” button to confirm.

Can I speed up the LuckyMate withdrawal time?

It’s understandable to want to speed up the LuckyMate UK withdrawal time, but there isn’t much that can be done.

Still, you can take steps to avoid unnecessary delays in the LuckyMate payout time for your first withdrawal. Above, we mentioned the need to pass KYC verification checks. This is a mandatory legal requirement for all UKGC-licensed casinos, which must verify their players’ identities. This involves ensuring they are of legal age, reside in the UK, and, in some cases, can afford to gamble.

At LuckyMate, they may ask for one or more of the following:

• Proof of ID (photo ID, such as a driver’s licence or passport).
• Proof of address (dated within 3 months).
• Copy of the debit card used (front and back of card with middle 8 digits and the 3-digit CVV covered up for security purposes).

This process can take a few days to complete; without it, your account may be temporarily suspended and funds withheld.

FAQ