BOOKMAKER PAYOUTS & WITHDRAWAL OPTIONS / METHODS
So you have enjoyed some successful betting and have some funds sat in your online betting account. What if you want access to those funds as cash? What if you want to go and celebrate by treating yourself to a reward after a big betting victory? It is your cash that the bookmaker is holding on to and you can get it out, but, of course, there are terms and conditions involved. Take a look around at the best online bookmakers available, just to check for things like account management and make an informed decision about who you are happy having handle your money.
Bookmaker Withdrawals
It is usually a pretty straight-forward process, as easy as getting the money into the account in the first place. You will generally just have to visit your account with the bookmaker and find the withdraw link. In most cases, you will only be able to withdraw the money back to payment method from which the funds were initially deposited from. This means that if you used Paypal, for example, to fund your account, then you would only be able to withdraw to Paypal.
In the case where that isn’t possible, maybe you closed your Paypal account, for example, then the bookmaker will process the withdrawal straight to your bank using a wire transfer. This is done by entering the details of the bank online when processing the withdrawal. This will take some time to get out.
Are there payout fees?
Usually, there are no withdrawal fees applied by a bookmaker, the only time that you are likely to get charged for a withdrawal is when it is through a wire transfer. It’s possible that there will be a charge by the financial institution which you use to put the funds into as well, so always check.
Bookmaker Payout methods
However you get money into your account, you can get it back out. You will have minimum withdrawal amounts which generally runs at £10 across the industry, but this could vary depending on the bookmaker and the withdrawal method.
Bonus withdrawals
Things really get the most complicated when it comes to bonus money. There are a lot of qualifying conditions which have to be met when it comes to free bets and bonuses. Any bonuses that you do get from promotions you usually have to play through the value of several times (as well as the stake) before you can withdraw it. Basically don’t expect to get your hands on free bet bonuses quickly.
