Guide to withdrawing at Planet Sport Bet
After reading our
Planet Sport Bet review, we hope we’ve addressed many of the initial questions you may have had about the sportsbook. Of course, being here, we appreciate you’re perhaps looking to gather further answers about the Planet Sport Bet withdrawal time.
It’s a question I’ve had myself in the past when looking for a bookie to place sports bets with. I want to receive my money as quickly as possible and have a decent range of accepted Planet Sport Bet withdrawal methods.
I’ve answered it in detail in this guide, covering all your most important questions, such as ‘how long does a Planet Sport Bet withdrawal take?’
How long does a Planet Sport Bet withdrawal take?
So, the Planet Sport Bet withdrawal time is standard, given the options available. As only debit cards and bank transfers are accepted, there’s only one timeframe available: 2-5 working days.
Per the bookmaker’s terms and conditions, the following has been advised:
“The clearance time of a withdrawal made from your account will vary depending on the payment method you used. A withdrawal made to a debit card takes 2-5 working days due to normal banking procedures.”
Of course, there’s a positive here, as many banks can now process withdrawal requests much more quickly than before. Still, it’s important to consider the mentioned timeframe and use it as a guide, as transactions could take this long to complete.
However, it’s also worth noting some negatives players can fairly mention. For instance, many other bookmakers offer alternative options, including e-wallets, which typically offer faster processing times.
Accepted Planet Sport Bet withdrawal methods
Unfortunately, only two payment methods are currently accepted for Planet Sport Bet withdrawals: debit cards and bank transfers. Nonetheless, both are widely available to British players, offering convenience and familiarity.
Debit Cards
If you want to claim the available
Planet Sport Bet bonuses, you can use your debit card to make your first deposit, then withdraw any remaining funds from your account. These funds may be from any wins you’ve experienced, or they may be what’s left of the bankroll.
Whether you’re using Visa or Mastercard, you may need to wait 2 to 5 working days for funds to be received. The Planet Sport Bet withdrawal process can take some time initially, too, which can add to the overall wait time.
You’ll only be able to withdraw to the same method used for your deposit due to closed-loop withdrawal policies in place across the UK gambling industry. I advise picking an option that suits you best, and remembering any withdrawal could be further delayed if you place a request over the weekend (including Friday).
Bank Transfer
An alternative Planet Sport Bet withdrawal method is through a bank transfer. These will typically work in the same way as a debit card withdrawal, meaning it will take between 2 and 5 working days to complete. Again, it’s important to avoid withdrawing on a weekend, as you could face even longer delays in receiving funds.
What is the minimum Planet Sport Bet Withdrawal amount?
At Planet Sport Bet, you can make a minimum withdrawal of £1 when using your debit card. This is one of the lowest I have seen for a very long time, which kind of makes up for the lack of alternative Planet Sport Bet withdrawal methods.
It’s also worth mentioning that there aren’t any fees associated with a withdrawal; again, this is a big positive, as some bookies can add a percentage when the withdrawal is this low.
Not Accepted Planet Sport Bet withdrawal methods
Unfortunately, there are many withdrawal methods that aren’t accepted here that you’re bound to find when doing a
betting site comparison
against many of its competitors. This is something that can easily be viewed as a negative, and something that I wouldn’t blame those who do.
Digital wallets like Apple Pay and Google Pay, as well as popular e-wallets like PayPal, Neteller, or Skrill, are among those that cannot be used for deposits or withdrawals at Planet Sport Bet.
These methods are often the quickest available, as they can process and return funds within 24 hours. Often, it takes only a couple of hours to complete the process, which is significantly faster than using debit cards.
As with all UKGC-licensed betting platforms, credit cards are banned for deposits and withdrawals.
I do want to take the time to mention Visa and Mastercard Fast Funds; these options are becoming increasingly more available across the UK industry as they can facilitate near-instant withdrawals. Most are completed within 4 hours, which is why they’ve become popular. I want to stress that while Planet Sport Bet offers Visa and Mastercard withdrawals, there is no explicit mention of Fast Funds being available.
Planet Sport Bet Withdrawal - How Do I Make One?
Completing the Planet Sport Bet withdrawal process is very simple and takes just a few moments. To do it, you must do the following:
- Log in to your Planet Sport Bet account.
- Open the cashier and click Withdrawal.
- Enter the amount you wish to withdraw.
- Click on your preferred payment method.
- Submit the withdrawal request.
You’ll then need to sit back and wait for the banks to complete the remaining work before receiving your funds within 2-5 working days.
Complete KYC Checks
If you’ve taken a look at the
list of UK casinos
and sportsbooks that hold an active UKGC licence, you’ll likely be aware of the Know Your Customer (KYC) checks. These are verification checks that confirm your identity and ensure you’re eligible to play and gamble with the site.
Although you’ll go through an automatic stage of verification when you sign up, you’ll need to provide further evidence to support your identity prior to completing your first withdrawal. This is a standard rule at all UKGC-licensed betting platforms, not just Planet Sport Bet.
Documents that can be requested can include:
- Payslip with address displayed
- Certification from bank
- HM Revenue and Customs letter
- Contract or bill from a utility supplier with address displayed
- Passport
- Drivers Licence
I always recommend completing these checks as soon as you possibly can. Whether it be as soon as you sign up, or as soon as you know you’re going to be wanting to make a withdrawal soon. I say this because it can take a little extra time for verification to be completed; a couple of days are typically required.
What is the fastest Planet Sport Bet withdrawal method?
Given that the only accepted Planet Sport Bet withdrawal methods are debit cards and bank transfers, both will be the fastest that are available. If I had to recommend one, I would choose the debit card option, as there are occasions when this can be completed more quickly than a bank transfer. They can also be used to claim the welcome bonus, whereas a bank transfer may be excluded.
FAQ
❓ How long do Planet Sport Bet withdrawals take?
A Planet Sport Bet withdrawal can take between 2 and 5 working days, as only debit cards and bank transfers are accepted.
💷 What is the minimum Planet Sport Bet withdrawal amount?
For all available methods, the minimum Planet Sport Bet withdrawal is £1.
💰 Are there any fees for Planet Sport Bet withdrawals?
No, you will not be charged any fees for making a Planet Sport Bet withdrawal.
⏪ Can withdrawals be reversed at Planet Sport Bet?
No, it isn’t possible to reverse a withdrawal request once it has been made. This has been in place since 30th June 2022 and was introduced to protect vulnerable players.
