How To Make a Withdrawal from a Betting Site
Making a withdrawal from a betting site is easy. Simply log in to your account, go to the ‘Withdraw’ page, and select the amount of money you wish to withdraw. Your winnings will then be processed and sent to your chosen banking method within a few hours.
Keep in mind that you will need to provide proof of ID when making a withdrawal from a betting site. This is to prevent fraud and ensure that only genuine customers can access their winnings.
What Are The Fastest Payment Methods?
Canadian bettors can generally choose from a variety of payment methods when making withdrawals. We’ve tested a ton of different options in our lives and found that the fastest payment methods are:
- Interac: One of the most popular methods in Canada, Interac offers instant deposits and fast payouts. Withdrawal to your bank account is a breeze; it can take only minutes up to several hours, depending on the betting site you choose. Read more about Interac casinos here.
- iDebit: Another instant bank transfer service, iDebit is a secure and convenient way to deposit & withdraw funds from your betting account. Withdrawals take less than a few hours to complete. In some cases, it may take even faster.
- Instadebit: Similar to iDebit, Instadebit is a secure Canadian payment processor that can be used to deposit & withdraw funds from your betting account. It’s really good for payouts, as it usually takes less than a few hours for the funds to reach your bank account.
- Trustly: Another fast payment method. Trusted by thousands of users around the world, Trustly is an international payment processor that allows you to make withdrawals from your betting account instantly. Check out our guide to Trustly betting sites.
- Crypto: Taking the world by storm, cryptocurrencies such as Bitcoin offer lightning-fast deposits and withdrawals. The processing time is usually much faster than most traditional payment methods, making it an extremely convenient choice for many Canadian bettors. Looking to play at crypto casinos?
What Could Be Delaying My Cash Out?
Sometimes, a withdrawal can take longer than expected. It is annoying and inconvenient, but there are certain reasons why your withdrawal may be delayed. Here is a list of possible issues that can cause the delay:
- Verification: One of the most common reasons why your withdrawal may take longer is that you need to verify your identity. In this case, the betting site will ask for additional documents such as proof of address and identification.
- Incomplete bonus wagering: It might be because you simply haven’t met the wagering requirements you agreed on. Betting sites won’t let you withdraw until the bonus funds have been wagered.
- Different withdrawal method: Maybe you have selected a different withdrawal method from the deposit one.
- Technical issues: Although rare, technical issues may occur. In this case, you should contact the customer support team for assistance.
- Someone else’s account: You deposited using a payment option that is linked to someone else’s account.
- You tried to transfer funds into somebody else’s account: You cannot withdraw money from somebody else’s account. You need to use the same payment method that you used for your deposits.
A Small Delay Is Better Than No Payout At All
We have a rule here: a small delay is better than no payout at all. We understand that nobody likes waiting for a payout, but sometimes it is unavoidable. Even instant withdrawal betting sites will sometimes have a small delay in processing your withdrawal. It might be due to the reasons we discussed earlier, or it could just be a case of the sportsbook having more withdrawals than usual or some technical issues.
Many players complain about the longer processing times, but if it’s only a few hours or even one day, then it is still better than waiting days or weeks for your winnings. Players should be proactive and contact customer support if the withdrawal takes too long. The customer service team should be able to provide you with more information or speed up the process.
Why Do Betting Sites Offer Fast Payouts?
Some real money betting sites offer fast payouts because they want to remain competitive in the online betting market. By offering customers fast and convenient withdrawals, betting sites can attract and retain more customers. Additionally, fast payouts reduce the risk of money laundering and other fraudulent activities.
In short, offering fast payouts is beneficial for both the customers and the betting sites.
However, keep in mind that only a few online betting sites offer instant payouts. Why? Because offering fast payouts requires a lot of resources, many online sportsbooks are not able to invest money in such technology.
Why Do Withdrawals Take Longer on Some Betting Sites?
In some cases, withdrawals can take longer due to security measures and other behind-the-scenes processes. For example, if the betting site suspects fraud, it may take additional time to process the withdrawal. Additionally, some sites offer manual verification systems that add another layer of security but also increase the withdrawal time.
Let’s not forget about KYC (Know Your Customer) policies, which are essential for any betting site to prevent money laundering and other illegal activities. These policies require customers to provide additional documents to verify their identity. So, if you’re planning to make withdrawals from a betting site, don’t forget to complete KYC beforehand. We recommend doing that right after creating an account.
Bonuses at Fast Withdrawal Betting Sites
Fast withdrawal betting sites are known for spoiling customers with bonuses and promotions. These can include free bets, cashback, cash prizes, and more. It is obvious, but not every betting site offers the same offers. Some bookies offer free bets, while others do not. We update our list of the best fast withdrawal betting sites regularly, so don’t hesitate to come back!
Remember that most bonuses come with wagering requirements, so you can’t cash out your bonus right away. These are the offers you can expect to get at fast payout bookies:
- deposit bonus
- free bet
- cashback
- reload bonus
What Can I Bet On At Fast Payout Bookies?
Fast withdrawal betting sites don’t differ much from other bookies in terms of betting markets. You can bet on all kinds of different sports and events. From the more traditional to the more exotic, there will always be something for everyone, no matter what your betting preferences are.
The most popular sports to bet on include hockey, basketball, football, tennis, boxing, and MMA. There are also a variety of other sports, such as golf, cycling, and horse racing. You can also bet on special events such as the Olympics, TV shows, and political elections. For pretty much anything that you can think of, there will be a way to bet on it.
How Do We Rate Fast Payout Betting Sites?
We understand that choosing the right fast withdrawal betting site can be a tough decision, so we’ve made it easier for you by providing detailed reviews of the best betting sites with fast withdrawal. We rate these sites based on many factors, including their odds, markets, user interface, customer service, and overall reliability.
We also test the payout process to make sure it’s fast and efficient. Without further ado, let’s take a look at the factors we use to rate fast withdrawal betting sites:
- Pending time: How long does it take for a withdrawal to be processed? Most of the top fast withdrawal betting sites on this page have a pending time of 5 minutes or less.
- Limits on payouts: Does the fast payout betting site have any limits on how much you can withdraw? Many sites do, so we look for the ones that don’t.
- Payment methods: What payment methods can you use to withdraw your winnings? The best sites offer a range of options, from instant bank transfers to e-wallets or even crypto.
- Odds & Lines: Are the odds and lines competitive? We make sure the sites we recommend offer fair and competitive odds and lines.
- Customer support: Does the site have a helpful and knowledgeable customer service team? We look for fast withdrawal betting sites that offer 24/7 help so you can get the answers you need right away.
- Fast KYC: Is the KYC process quick and easy? We recommend only instant withdrawal betting sites that don’t require extensive documentation for you to get verified.
- Security: Is the site secure? We check to make sure the instant withdrawal bookmakers we recommend are properly licensed and have up-to-date security measures in place to protect your information.
Conclusion: Make a Withdrawal Request and Cash Out Your Money Instantly
Fast withdrawal betting sites are the key to a great customer experience. When you can quickly and easily access your funds, it makes the betting process much more enjoyable. We’ve highlighted some of our favourite betting sites that offer instant withdrawals so you can get started on your next bet as soon as possible.
So, that’s pretty much it for our guide on fast withdrawal betting sites in Canada. Keep in mind that it may take longer for your withdrawal to be processed if you haven’t verified your identity or completed any bonus wagering requirements.
Final Takeaways:
- KYC verification is the most popular reason why your payout may take longer
- Instant bank transfer (Trustly, Interac, iDebit, Instadebit) and crypto are the only ways to get your money instantly
- The best betting sites with instant payouts are Hot.Bet, Campeon.Bet and Stake.com
- Always try to analyze team statistics before placing a bet.
