How Long Do Smarkets Withdrawals Take?

The Quick Answer

How Long Do Smarkets Withdrawals Take?

It’s possible to withdraw your winnings in 12-hours or less at Smarkets if you use open banking. Payments via debit cards, e-wallet, and online banking solutions may be credited in just one day but may take longer.

The History Of Smarkets

Smarkets is a popular online betting exchange that was launched in 2008 in a bid to win a share of the betting exchange market that Betfair pioneered after launching in 2000.

Smarkets is the brainchild of Hunter Morris and Jason Trost, who raised the profile of Smarkets by sponsoring sports teams like Queens Park Rangers F.C., as well as several horse races in the UK. Smarkets provides exchange betting on a variety of sports and markets, and the exchange is used by both amateur and professional punters.

What Withdrawal Methods Can I Use At Smarkets?

If you’re planning to withdraw your winnings from Smarkets, you can use a variety of payment methods. Open banking is very popular, and it’s the quickest way to get your money. Visa, Solo, and Maestro are debit cards you can use, while members that reside outside the UK can use Visa and Mastercard credit cards.

If you prefer to use e-wallets, Neteller, Skrill, and PayPal are top options. The online banking solution Trustly is also available. Bank transfers are one of the least popular options, as it takes 5-10 days to get your cash.

What’s The Best Withdrawal Method At Smarkets?

What Payment method to use to withdraw your money can be a very personal choice, so below you’ll find important information about all the payment methods you can use at Smarkets.

Open Banking: Open banking transactions are free and minimum deposits and withdrawals are just £/€10. You can also deposit or withdraw up to £/€100,000 in a single transaction. Withdrawals take up to 12 hours, making it the quickest withdrawal method at Smarkets.

Debit Cards: Solo, Maestro, and Visa debit cards can all be used to make withdrawals at Smarkets in 1-6 days, depending on which bank you use. Minimum transactions are just £/€10. Check with the cashier to see what your maximum withdrawal is with these payment methods.

Credit Cards: Mastercard, Visa, and Eurocard are the three credit cards you can use at Smarkets. All three have a minimum transaction of just £/€10, whilst you’ll need to check with the cashier for maximum limits. Withdrawals with credit cards take 1-6 days.

E-Wallets: Neteller, Skrill, and PayPal are three top e-wallets you can use to withdraw your winnings at Smarkets. The minimum you can withdraw in a single transaction is £/€10. The maximum Paypal limit in a single transaction is £/€5,500. You’ll need to check with the cashier for your maximum Neteller and Skrill withdrawals. Withdrawals by e-wallet take 1-2 days.

Trustly: Withdrawals via this popular online banking solution take 1-2 days, with the minimum withdrawal being £/€10. Maximum limits will be set by the cashier.

Bank Transfers: If you need to use bank transfers to withdraw your money from Smarkets, you’ll need to wait 5-10 days for your money. The minimum withdrawal is £/€20 and the maximum limit is set by the cashier.

Should I Bet With Smarkets?

If you’re looking to maximize your potential return on investment and profit from gambling on horse racing, football, or other popular sports, opening an account with Smarkets is a good idea. Claim a welcome bonus of a risk-free bet, which will give you the chance to see if Smarkets is somewhere you want to bet regularly.

Check out the range of sports and markets it offers and compare the odds with your normal betting sites to see if you’d be able to get better odds some or all the time at Smarkets.

Another reason why many punters bet regularly with Smarkets is it offers excellent commission rates, which are lower than some of its betting exchange competitors. Regular punters can take advantage of a 2% commission rate, while pros have the option of a 1% commission rate. After a predetermined amount of winnings, your commission may rise to 3%, but you’ll normally need to win £25,000 in a calendar year before you’re hit with this increase.

When you win at Smarkets, you’ll find you can normally withdraw your winnings quickly, providing you pass the standard KYC verification checks. Payments can be credited in as little as 12 hours but may take longer depending on the payment method you use.

We hope that’s answered your question, how long do Smarkets withdrawals. Happy Punting!


Leave a comment

Free Betting Tips, Direct to Your Inbox

Sign Up Today to Join Betting Gods for FREE and Receive Betting Tips Direct to Your Inbox Every Morning