Betfair/Betfair is the largest and most reputable international betting exchange. Clients of the office can withdraw money from the gaming account using seven payment instruments. In this article, we will analyze these tools, what percentage of the commission they take and how long you need to wait for the end of the transaction.
Payment methods and tools for withdrawing money from Betfair
You can withdraw money from the exchange using a payment system or a bank transfer.
Payment systems to choose from:
- webmoney. The minimum withdrawal amount is $20, the maximum is $999,999. The transaction wait time is up to a day. Commission is not provided;
- Skrill. The minimum withdrawal amount is not provided, the maximum is $50,000. The waiting time for a transfer is up to a day. Commission is not charged;
- Neteller. The minimum withdrawal amount is $20, the maximum is $50,000. The transaction wait time is up to a day. Commission is not provided;
- VISA. There is no minimum withdrawal amount, the maximum is $48,000. The waiting time for a transfer is from two to five days. Commission is not charged;
- mastercard. The minimum withdrawal amount is $1, the maximum is $48,000. Transaction waiting time is from two to five days. Commission is not provided;
- "Yandex money". The minimum withdrawal amount is $20, the maximum is $999,999. The waiting time for a transfer is up to a day. No commission is charged.
When withdrawing money to a personal bank account, the minimum transaction size is $30, the maximum is $50,000. You will have to wait for the transfer from two to five banking days. The amount of the commission depends on the user's bank.Betfair registration
Conditions for withdrawing money from Betfair
From the game account, you can withdraw both the entire amount available for withdrawal, and part of it. Transactions do not lend themselves to the money that is involved in the bet. In the "Balance available for withdrawal" section, you can find out the amount of funds available for withdrawal. If you withdraw all the money, the better's game account remains working for further deposits and bets.
Betfair has one of the lowest transaction processing fees. That is why this exchange has the most profitable quotes in the online betting market. The office always warns the user at what stage of the transaction a commission is charged.Betfair registration
Commission on winnings at Betfair
Betfair has no margin. However, exchange customers cannot get a 100% profit from a successful bet due to the tax on winnings. For Russian betters, it is 6.5%.
Problems withdrawing money from Betfair
If for some reason the user is unable to withdraw winnings from Betfair, it is necessary to write to the company's support service. It will not be possible to quickly solve the problem, since Russian players can communicate with representatives of the exchange exclusively through e-mail. The average response time is two hours.
If the user has grossly violated the rules of the game with Betfair, his gaming account may be frozen. It is highly likely that the violator will never again be able to withdraw money and bet on the resources of the exchange. In any case, you also need to contact Betfair support first.Betfair registration
Betfair Account Currencies
The Russian ruble is not among the account currencies on the stock exchange. You will have to choose from eight available:
- Australian dollar;
- Hong Kong dollar;
- Swedish krona;
- Danish krone;
- British pound sterling;
- Norwegian krone;
- American dollar.
In the end, we note that the activity of Betfair is prohibited on the territory of the Russian Federation by the decision of Roskomnadzor in 2012. However, the exchange allows Russian bettors to open gaming accounts. To do this, you need to use a mirror of the official Betfair website or a VPN tool to bypass the block.