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One downside of betting online is that you often have to wait several days for withdrawals to reach your bank account. This may be an issue if you have a lot of money tied up in your online betting accounts and need the funds in your bank for bills or other payments. Of course, some withdrawal methods are quicker than others with withdrawals to e-wallets such as PayPal, Neteller and Skrill often reaching your account within 24 hours which is useful if you want to transfer funds between bookies but no so much if you need the money in your bank account.
Introducing…Visa Fast Funds!
Some bookies have found a solution to this problem by offering Visa Fast Funds which allows customers to receive their funds within 4 hours of submitting a withdrawal request.
In this article, we’ll be taking a look at what Via Direct is and which bookies offer it so that you can receive your funds quicker than ever.
With Visa Fast Funds, Visa Direct transactions are processed in real-time meaning that you get your funds quicker. When using Visa Fast Funds, it is possible to receive your money within just 30 minutes but the majority of bookmakers advertise up to 4 hours, presumably to account for any processing time on their end.
Bookies which offer Visa Fast Funds are able to process your withdrawals in super-fast time 24 hours a day, 7 days a week, every day of the year – even on weekends!
For example if you bet on the World Cup and your bet wins in the first half, the winnings could be in your bank account before the second half has even started!
Customers being able to receive their funds in under 4 hours is a huge selling point for any bookie and so a number of the top bookmakers have integrated this banking method into their systems.
So, which bookies have the fastest withdrawals due to them offering Visa Fast Funds / Direct?
Below is a list of both new betting sites and established ones that offer fast payouts.
|Up to 2 Hours
|Up to 4 Hours
|Up to 4 Hours
|Up to 4 Hours
With all bookies who offer Visa Fast Funds, there is no action to take on your part, you simply need to withdraw your funds to your Visa card and if the bookmaker and your bank supports Fast Funds, the money should be available in your bank account within a matter of hours instead of days.
It’s important to remember that even if a bookmaker offers Fast Funds, it will only be enabled if your bank also supports it. Whether you are betting 365 days per annum or only very occasionally it is always good to have your withdrawals credited quickly to your bank account.
So, which banks are compatible with Visa Fast Funds?
You’ll be pleased to hear that many of the big UK banks now support Visa Fast Funds including the following:
If your bank is not listed above, you may wish to contact them to ask if they support Fast Funds. However, if you make a withdrawal from one of the Visa Fast Fund bookies and your money doesn’t arrive in under 4 hours, it’s likely that they don’t yet support it.
If the bookie you are withdrawing from and your bank both support Visa Fast Funds but your money hasn’t arrived in under 4 hours don’t worry.
The bookie may have additional checks to do on their side before they approve the withdrawal. If so, it may take slightly longer for your money to reach your account.
Visa Fast Funds, or Visa Direct as some bookmakers refer to it as, is a positive step forward for the online gaming industry. It benefits all parties and we’re looking forward to more bookmakers as well as casinos adopting it.