Smarkets Withdrawal Times Per Payment Method – 2024

Does one of the leading betting exchanges in the world live up to the same standards for their withdrawal process? Find out all you need to know about Smarkets withdrawals, including time꧃s, terms and conditions, and much more.

Smarkets Withdrawal Time Scales & Options

Smarkets Best Withdrawal Methods

Smarkets is a brilliant betting exchange rivalling the ve𝓡ry best in their field, but how do they fare when it com𓃲es to withdrawals?

Pretty great, as it turns out. Aside from a few omissions, Smarkets support a well-rounded list of fast withdrawal options, giving punters a good variety to choose from.

However, they do not support cryptocurrency withdrawals or mobile payment services su𓆉ch as Apple Pay or Google P🥃ay.

Instant Bank Transfer

Bank transfers but on steroids – when Smarkets say instant, they mean it!

Instant bank transfers are the quickest withdrawal method on the site and should only take up to 12 hours to process. There is a minimum and maximum withdrawal limit of £10 – £100,000; however, transactions can only🐬 be conducted in GBP.

NETELLER

The first e-wallet on the list, NETELLER is a stellar international payment service, and one which is used often for online betting. The main benefits include a much faster withdrawal processing time of 1-2 days, a £10 minimum, and no maxi𝓡mum limits. One thing to keep in mind is that you can only withdraw using the currency regis🐲tered on your account.

PayPal

PayPal is a renowned international online payment provider. While it may not offer as expansive payment limits as some other options, the standard minimum requirement is £10, and the maximum transaction limit of £5,500 is relatively modest.♔ Moreover, the platform processes withdrawals in a reasonable 1–2 day time frame and charges no additional fees.

Skrill

Skrill is another UK-supported e-wallet which is a fantastic choice for betting. Owned and operated by the sam𒈔e owners of NETELLER, it’s no wonder that they offer similar services. With a swift 1–2 day withdrawal time frame, Skrill imposes no ✨maximum limits on payouts and has a minimum withdrawal requirement of £10.

Mastercard

Mastercard is another solid choice as the secure payment provider also offers limitless withdrawals, as long as the amount is higher 🌃thanဣ £10. However, certain banks may not accept Mastercard payouts, so Smarkets will help you find an alternative if needed. The main issue is the long withdrawal processing time, which isn’t ideal if you don't like to wait.

Mastercard Maestro

Rounding off the classic card options, Mastercard Maestro works in exactly the same way as the standard brand. While some types of Maestro cards may have withdrawal limits, the majority do not, save for a £10 minimum requiremen𓂃t. Processing times for payouts typi♐cally range between 1 and 6 days.

Visa Debit Card

Visa Debit is the go-to for many punters and is widely considered the most popular form of payment for online betting. The main benefit of using Visa at Smarkets is the £10 minimum stake,🎐 and the fact that there isn’t a maximum withdrawal limit. Something that t🗹hey could improve on is the slow processing time of 1 to 6 working days.

Bank Transfer

Possibly the mosౠt complicated of the lot, there are a number of criteria ꧃which you need to meet before you can actually request a bank transfer.

Firstly, there is a minimum withdrawal of £20 and it will take around 5-10 business days to process. You’ll need to provide your account number and sort code, alongside a bank statement t🎃o prove your identity and your accou🔯nt must be validated.

Key Smarkets Payment T&Cs you Should Know About

Here are a few common terms and conditions for each payment method listed⛦ above:

How To Add a Payment Method on Smarkets Step by Step

When creating a new account, Smarkets will ask you to make a first deposi🐻t. Because of this, we've prepared a guide on how to add funds easily. We suggest choosing a payment method you trust and use often for your first choice.

Step 1: Click on the deposit option

Select your account from the top-right of your screen. A drop-down menu will appear, from which you need to select ‘Deposit’.

Step 2: Select your payment method.

You’ll be directed to the page below, where you can choose your p𝕴referred method from the list of options available. Each method has its own limits, and you’ll need to enter your personal information there.

Step 3: Deposit.

Select ‘Start Deposit’ and your funds should be added in a few seconds. If after a couple of minutes you still haven’t received anything, contact customer care on live chat or through [email protected].

How To Withdraw From Smarkets Step by Step

At Smarkets the withdrawal pr𒊎ocess is just as straightforward as making a deposit. Follow the steps below to withdraw you𓃲r winnings:

Step 1: Click on the withdraw option.

Select your account from the top-right corner of the page. The dropdown menu will appear, and you can click on the ‘Wiౠthdraw’ button.

Step 2: Choose your withdrawal method.

You’𒀰ll be redirected to the withdrawal section, where you can choos🔯e from whichever method you have deposited from.

I chose to deposit with Visa, so I had to withdraw with the same payment method due to the closed loop policy. This applies until the ‘Net Deposit’ amou🦂nt is exceeded.

Step 3: Confirm your withdrawal.

Once you select your preferred method, a pop-up will appear where you can input the desired amount you’d like to withdraw. If there are no issues, you can select ‘Confirm Withdrawal’.

Step 4: Wait for your withdrawal to be processed.

The final step in the withdrawal ♎process is to sit back, relax, and wait for your winnings to roll into your account.

Withdrawal times vary depending on which method you choose. If any funds haven’t arrived within a day bey♌ond the stated amount, make sure to contact customer support.

How To Verify Your Account

 You cannot ever be fully re🉐gistered to a bookmaker withoutꦐ verifying your account.

The process varies from bookie to bookie, but in general, bookmakers will ask you to confirm all the personal inꦍformation you have provided by submitting copies of official documents for verification.

With Smarkets, this step occurs once you have made ♈your first deposit.

You will se🦂e a button appear at the top-right of your screen, like the one in the image below.

You’ll be taken to a rather large page asking you for quite a bit of information, making this one of t♏he more extensive KYC requirements pages I’ve encountered.

You will have 72 hours to upload the documents, or else your account will be suspended. So, we suggest preparing tಌhese before making your first deposit.

The documents you’ll need to ve⛎rify your account are:

Once you have met all the requirements, Smarkets will begin verifying your documents. This may take up to 24 hours to complete.

What Could Slow Down Your Withdrawal?

You’re sitt🥃ing in front of your screen anxiously waiting for your funds to enter your acco⛄unt, but all you’re seeing is tumbleweeds.

Here’s what to do in order to avoid ♛delays or lengthy waiting times.

Choose the Optimal Time To Withdraw

Picking the right time to withdraw funds could be the difference between waiting two minut𝕴💃es and two days. Bookmakers are often busiest at weekends and during major events, which may unfortunately slow down payouts.

Here are a few ways to combat this:

Complete the Verification Process in Time

Smarkets needs to confirm that it’s really🐎 you that's created your account, and this bookie𒈔 is nothing if not thorough as they ask for a variety of documents to be able to do so.

Here are some waysꦺ to ensure this process doesn't take too long:

Verify Any Updates You Make

 So you’ve successfully verified your account – but what if you change your address, email, or any other personal details a few months or🌞 years down the line? It’s not enough just to inform Smarkets of these updates; you’ll have to verify them too.

In order to avoid withdrawal delays:

Optimise Large Payouts

This may not necessarily be a common problem amongst punters, but one thing that could affect withdrawal times is the size of the payout in question. The larger it is, the more careful Smarke൲ts will be to ensure that everything is above 🗹board.

Here’ﷺs how to steer clear of delays when it comes to bigger transactions:

ThePuntersPage Final Say

Smarkets is an excellent betting exchange and their withdrawals times are definitely on the faster side. One thing that keeps me at ease is their dedication and prioritisation of safety checks when it comes to withdrawals. Give the site a try today for a secure and efficientꦅ betting experience!