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Last updated: 08/04/2024

Sky Bet Withdrawal Time: How Long Does It Take?

How Long Do Sky Bet Withdrawals Take

If you’re a keen sports bettor, you’ll likely be familiar with Sky Bet. This well-known online sports betting website has been in the industry since 2001 and is a go-to platform for punters across the UK. This betting website offers top odds for all prominent sports, from tennis to horse racing. 

Withdrawals are a critical part of any sports betting experience. If your winnings take days to hit your account, your sports betting experience can be severely affected. Today, we’re diving into Sky Bet withdrawals. From how long does Sky Bet take to withdraw to tips for faster cashouts, we’re covering all bases. Keep reading to find out more.

Quick and Easy Sky Bet Withdrawals

All sportsbooks and non-GamStop betting sites have different withdrawal times. But how long does a Sky Bet withdrawal take? And what do you need to know before you get started? Our experts have answered the top questions below.

What Are Sports Betting Withdrawals?

In sports betting, withdrawals refer to removing funds from your account. As you win bets, you’ll start building up profits that you can cash into your real bank account. 

Sometimes, there are minimum withdrawal limits you need to meet before you can withdraw any cash. For Sky Bet, the minimum withdrawal is £10. However, you can request to withdraw smaller amounts by contacting the Sky Bet customer service team.

How Long Does Sky Bet Take To Payout?

Your Sky Bet withdrawal time depends on which payment method you’re using. Most payment methods (debit cards) take two to five business days. Visa Fast Funds take up to two hours. Consider this if you want near-instant transactions. 

How Do Sky Bet Withdrawals Work?

Sky Bet withdrawals are quick and easy to initiate. If you want to take funds out of your account, follow these steps:

  • Log into Sky Bet
  • Navigate to the “Withdraw” section
  • Choose your preferred withdrawal method
  • Enter your withdrawal amount
  • Follow the on-screen instructions

Once your withdrawal is initiated, it will take two to five business days – unless you’re using Visa Fast Funds. 

How Many Sky Bet Withdrawal Methods Can You Use?

Each Sky Bet user can register up to three cards or payment methods to their account. Perfect for anyone who uses a range of debit cards.

Understanding Sky Bet Withdrawal Times

The Sky Bet withdrawal options are simple, as the platform only accepts a few payment methods. Credit cards, e-wallets, and cryptocurrencies aren’t available on this platform, as Sky Bet is part of the UKGC. This organisation banned credit card gambling in 2020.

Sky Bet accepted withdrawal methods include:

  • Visa debit cards
  • MasterCard debit cards
  • Maestro
  • Electron
  • Visa Fast Funds

The minimum withdrawal amount for all payment methods is £10. There also aren’t any maximum limits on these methods – except Maestro debit cards, which have a £5,000 maximum limit. 

All Sky Bet payment methods are free. No expensive processing fees here!

Why Do Sky Bet Withdrawals Take a Few Business days?

Waiting a few business days before receiving your winnings can be frustrating, especially if you need the money as soon as possible. 

Withdrawals typically take two to five business days because of the security checks required once you initiate the transaction. These checks are needed to comply with regulatory standards and for fraud prevention. You’ll find these checks in all industries, not just the gambling world. 

After the security checks, your cash withdrawal has to go through a processing phase with your chosen payment method (e.g. Visa or MasterCard). These checks are also there to ensure the transaction is non-fraudulent.

Factors Affecting Sky Bet Withdrawal Time

If you’re curious about how long Sky Bet withdrawals take, you may also want to know factors that affect your withdrawal time. Here are some of the main reasons your Sky Bet withdrawal is taking longer than expected.

1. KYC Checks

A common reason players don’t receive their Sky Bet withdrawal is that they haven’t completed the platform’s KYC checks. A KYC check verifies your age and identity and checks whether you have any self-exclusion programs set up. 

You need to pass this before withdrawing, so make sure you complete it ASAP. If you haven’t passed the check because of old self-exclusion blocks, you might want to explore betting sites without ID checks.

2. Weekends & Holidays

Sky Bet withdrawals are only processed on business days. A business (or banking) day counts as the 8 hours from 9 am to 5 pm during the week. 

If you initiate a cash out on Friday, remember that Saturday and Sunday don’t count, so you’ll get your withdrawal two to five days from the following Monday. Likewise, transactions also won’t be processed on bank holidays. Plan your cashouts accordingly!

3. You’re Using A Credit Card

Sky Bet doesn’t accept credit cards as it’s part of the UKGC. In April 2020, the UKGC banned all gambling on credit cards. So, swap to a debit card or look for online sportsbooks that accept credit card payments.

4. E-Wallets Are Banned

E-wallet payments have been banned from Sky Bet since March 2023. If you want to withdraw via a digital wallet, you must switch to a Visa or MasterCard debit card. 

The only exception to this rule is for users who connected their PayPal account before the ban. These users can still withdraw via PayPal, but no new users can activate this payment method. The minimum deposit for PayPal is £30, higher than the alternative payment methods.

5. Withdrawal Minimums

Nearly all sports betting websites have minimum withdrawal limits. These are the minimum amounts you need to reach to initiate a withdrawal. Sky Bet requires a £10 minimum withdrawal, so you will be blocked if you’re trying to withdraw £5. 

Tips for Faster Sky Bet Withdrawals

Now that you know how to withdraw from Sky Bet and why transactions might be blocked, you’re ready to start. However, take a read through our expert’s tips to make the process even smoother.

  • Consider Visa Fast Funds – Visa Fast Funds has the quickest withdrawal time of all the Sky Bet payment methods. If speedy cash outs are important to you, consider switching to this method. 
  • Complete KYC checks as soon as you create your account – KYC checks are a long but necessary step in sports betting. Avoid putting these off until the last moment.
  • Be ready for security measures – Sometimes, withdrawals require extra ID checks or in-app confirmations. Be responsive to ensure the process isn’t delayed.
  • Start withdrawals in the week – Initiating a withdrawal at the weekend is slower than on a Monday or Tuesday. So, time your withdrawals wisely.
  • Ensure you are over the minimum withdrawal limit – Even if you think you have more than £10 in your account, double-check to guarantee you meet the minimum withdrawal criteria.

Common Sky Bet Withdrawal Issues And Solutions

Though Sky Bet operates a seamless withdrawal process, sometimes problems still occur. Here are some common queries and solutions.

Your Withdrawal Was Blocked

If your Sky Bet withdrawal has been blocked, it’s likely because they need to verify some of your personal information (e.g. address or age). You can verify this information using your passport, driver’s licence, utility bill, or bank statement. 

Sky Bet will contact you if your withdrawal has been blocked for any other reason.

You Want To Cancel Your Withdrawal

Started a transaction request and want to reverse or cancel your Sky Bet withdrawal? Unfortunately, all Sky Bet withdrawals are final. Once started, you can’t reverse the process, and the money will go to your account.

Your Withdrawal Hasn’t Arrived

If your Sky Bet withdrawal hasn’t arrived, there are a few steps you can take. First, you should count how many business days it’s been since the transaction. If over five days, you should double-check your account’s payment information. If this is correct, you’ll need to get in touch with the Sky Bet customer service team.

Sky Bet Withdrawal Time Frames For Different Payment Methods

Know before you go. Here’s a complete breakdown of Sky Bet’s payment methods.

Payment MethodMinimum DepositMinimum WithdrawalProcessing FeeProcessing Time
Visa, MasterCard, Maestro, Electron£5£10N/A2 – 5 business days
Visa Fast Funds£5£10N/AUp to 2 hours

Before you get started, note that Sky Bet uses a “closed-loop” policy. This means you must use the same deposit and withdrawal method. So, if you want to take advantage of quick Visa Fast Funds withdrawals, you’ll need to deposit with this method.

Sky Bet Withdrawal FAQs: Everything You Need to Know

Make sure you understand the fine print before you get started! Here are some more FAQs about Sky Bet withdrawals.

Can I Withdraw With PayPal On Sky Bet?

No. New users can’t set up PayPal transactions on Sky Bet. Only users who activated PayPal before 2023 can use this payment method for withdrawals.

What’s The Largest Amount I Can Withdraw On Sky Bet?

There aren’t any maximum withdrawal limits on Sky Bet for Visa or MasterCard. Some Maestro debit cards have a £5,000 withdrawal limit. Check the terms and conditions for more details.

What’s The Smallest Amount I Can Withdraw On Sky Bet?

The minimum withdrawal amount for all payment methods on Sky Bet is £10.

Does Sky Bet Have Transaction Fees?

No! Every transaction with Sky Bet is transaction fee-free. 

Sky Bet Withdrawals – The Takeaway

Sky Bet is a well-trusted sports betting platform with reliable deposits and withdrawals. Hopefully, this blog has answered your questions about Sky Bet withdrawals and cleared up any confusion about getting your winnings off the platform.

Learn more about sports betting from expert guides on the Non-GamStop Betting blog.

Meet Our Team Of Gambling Specialists

Hello! I’m David Goldblatt, the lead author at BettingNonGamStop.com. I’m an experienced sports journalist who transitioned into making online gambling content in the mid-2010s. It’s something that fascinates me and I’ve always loved the way sports betting can make any event more exciting!

When I’m not researching the latest non-GamStop bookies, I’ll be playing football in the park or watching the local cricket club with my mates. I’m a massive advocate for responsible gambling, so feel free to message me if you need help. Other than that, I hope you enjoy my stuff and can find some trustworthy betting sites to join!