Withdrawing money from your Bookmaker

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So, what is important than a deposit? The payout! After all, the whole point of placing bets on your favourite team or sport is so that you get a return you are happy with. Funding your account so you can play and getting withdrawals quickly into your hands after you win is a key element for online gaming operators and players. For information on depositing with a bookie, please refer to ‘Making a deposit’. In this section we shall be discussing about the most preferred withdrawal methods by both the bookmaker and the client. We have listed the methods below considering its speed, reliability, popularity among players and availability. Bookmakers propose different methods to credit your account and below we have listed some of the most popular withdrawal methods.

  • Credit/Debit Cards: As popular as it is for depositing, debit/credit cards are equally popular for withdrawing from your balance with a bookmaker. As per the regulations of many bookmakers, with MasterCard, a player is able to deposit but unfortunately not able to withdraw from bookmakers but with a Visa debit or credit, a player is able both deposit and withdraw. Debit Cards or Credit Cards are excellent way to have access to your money quickly. Normally, after a withdrawal request, the money should show up in your card within 12 hours.
  • Skrill (Moneybooker): Moneybooker allows internet users that have an email address, to send and receive in a secured way and with a minimum cost. A withdrawal back to your Skrill account generally costs nothing. Your funds will arrive to your Skrill account in the currency you chose when registering the account. If your Skrill Account operates in a different currency to your Sports book account then Skrill will apply their currency conversion rate. To withdraw through Skrill, go to the Cashier or Account section of the Bookmaker and choose withdrawal. Make sure that the Skrill email address with which you have registered is correct and simply enter the amount you wish to withdrawal.
  • Neteller: Neteller provides a fast and secure way to transfer cash online and acts similar to an online wallet. It provides same-day payments and virtually instant cash transfers. Generally, the Bookmaker attaches no charges for your transfer making it fast, easy and free. The basic procedure for withdrawing through Neteller is confirming your Neteller ID to be correct and entering the amount that the player wishes to withdraw.
  • Paypal: Withdrawal through PayPal is allowed if the player deposited through a PayPal account. PayPal transactions usually incur a fee. To withdraw from your PayPal account, go to the cashier and under withdrawal and identify your PayPal account through which you registered. Enter the amount you desire to withdraw and verify with PayPal.
  • Cheque (check): Cheque can only be sent to clients depositing by cheque or bank wire transfer. The Bookmaker itself generally does not impose any charges on cheque, however, players may incur charges from their bank. Cheques can only be made payable to the named account holder. In certain situations, the bookie may require relevant documents to be produced as proof of Identification.
  • Bank wire transfer: A withdrawal through wire transfer requires some basic information on your bank account including your IBAN or SWIFT code. This procedure may take between 3 – 5 days since the banks on both sides needs clearing. For security reasons, players may need to provide documentation to allow the bank wire to be processed.

Please note that all the withdrawal methods generally have terms and conditions attached to them which differ depending on the bookmaker. In additional, the bookmakers also have a minimum and maximum withdraw amount depending on the type of withdrawal option the player is comfortable with. Normally, cheques and Bank Transfer have a higher minimum withdrawal amount and a longer procedure than other methods. Other withdrawal methods that can be used to bank with bookmakers are BPay (especially for Australians and New Zealanders), Entropay and Money Order.

Bestaustralianodds suggests you to take full advantage of the customer service provided by the bookmaker if you are not fully confident about the procedure or if you face any hindrances in receiving your money.

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