What Are the Prerequisites for Withdrawal from Betting Accounts?
One of the main attractions of online gambling is the involvement of real money. The thrill of staking your hard-earned money is unmatched by any other source of mainstream entertainment.
For the most part, online betting sites allow you to withdraw money from your account right away. Some operators, on the other hand, may impose a 1x wagering requirement before you can even withdraw your own money.
If you’re not familiar, the wagering requirement is the amount you need to spend in “wagering” on the sports events before you can withdraw. For the most part, wagering applies to bonuses only. And that’s how it should be. And that’s why we discourage our readers from signing up for online betting sites that impose wagering requirements on deposits.
For bonuses, however, you’ll always need to complete any outstanding wagering requirements. You can still apply for a withdrawal when you have an active bonus. You’ll get the money too. The catch is that you’ll lose the bonus.
Also, KYC verification is mandatory for real money withdrawals. There is a different genre of online betting sites that don’t require this. They’re known as the “no verification betting sites”. While they can boast a license and all other security protocols, our advice would be to avoid them.
To sum up, you need to complete all the wagering requirements imposed by the betting operator before you can request a withdrawal. That is, if you don’t want to lose any bonus or real money.
Why Do Betting Sites Delay Withdrawals?
As you’re reading our guide on the fastest withdrawal betting sites in India, you might be wondering why there is a delay in the first place. It’s your money so you should have access to it anytime you want, right?
You’re absolutely right from your perspective. However, online betting sites are also running a business and they have to stick to a strict set of rules imposed by the licensing authority. One of those rules is that all withdrawals must be verified before release.
The wagering requirement is also a way for operators to avoid bonus abuse. If punters were to sign up, claim the bonus, and leave, where is the business? By wagering real money to release the bonus, punters are actively contributing to the economy of the operator.
Coming back to the point of discussion, where is the delay happening? The first area is the KYC verification. All reputed online betting sites will have to verify your identity before giving you the money. This is for your own safety. If someone managed to gain access to your real money account and request a withdrawal without you knowing, you wouldn’t like that, would you?
This verification process is manual, meaning one or more human agents are tasked to check the documents you submit and then approve your account as legit.
Then, the request moves to the payment processing team where it goes through another round of checking to see if everything is in order. For the most part, the 24 to 48-hour pending time for each withdrawal is reserved to complete these tasks.
From what we’ve seen, you usually don’t have to wait for the entire duration of the pending period. But the longer time works as a buffer in case any of the servers are down or the load is too much for the agents.
This, however, doesn’t apply to crypto betting sites, meaning the sites that accept cryptocurrencies for payments. As everything is taken care of in the blockchain, there’s no human intervention necessary. It results in all crypto betting sites being fast withdrawal betting sites.
Don’t worry about it too much right now. We’re going to discuss how cryptocurrency transactions work in India in an upcoming section.
What are Fast Withdrawal Betting Sites?
Now that you know why there is a delay in withdrawals from online betting sites and what causes it, it’s time that we introduce you to the best betting sites in India with instant withdrawal. These are online betting platforms that instantly process your withdrawal request.
In our experience, these operators have massive teams in place to execute all withdrawal requests, making the process quite fast and efficient. As it comes with added costs on the operators' end, punters usually have to pay a small fee to get the withdrawal instantly.
Near the beginning of our guide, we’ve listed the best betting sites in India with instant withdrawal. As long as you stick to these brands, you can expect to get your money on the same day as your request.
Yes, we’re saying “on the same day” because instant withdrawal betting sites are not literally instant. There’s still a system delay and your information still needs to go through multiple hands before reaching you. But instead of waiting for days at a time, you just have to wait for a few hours.
How to Withdraw Funds from Fast Withdrawal Betting Sites India
The withdrawal process is more or less the same no matter what type of online betting site you’re playing at. Before you can request a withdrawal, you need an account that you’ve used and deposited at least once. No fast withdrawal betting sites will allow you to withdraw without depositing first, even if the money you have is a no-deposit bonus.
Also, if you have any wagering requirements active, please go back and complete them. You’ll not only save the bonuses but also save some real money in the process.
The last thing we recommend is that you complete the KYC process. In fact, we recommend doing it right after you register at one of the fastest withdrawal betting sites India has. This way, you know for a fact that your withdrawal request will not be delayed due to a verification error.
Once you check off all of these boxes, follow the steps below to withdraw:
- Log into your account and visit the banking page. Some sites offer dedicated withdrawal pages with all important withdrawal policies.
- Choose the payment method you want to use for the withdrawal. If you really need the money quickly, it’s best to use an e-wallet or mobile money transfer method.
- Enter the amount you want to withdraw. It should be over the minimum withdrawal requirement and under the maximum withdrawal requirement. Entering the wrong value is not that big of a deal. It’s just that you’ll have to go through the process again.
- If everything goes right, you should receive a notification that says your withdrawal has been successfully processed.
- Check the interface of the payment method you chose. The money should be readily available for use.
Things to Avoid to Not Fall for Withdrawal Delays
We get reports all the time that punters don’t get their withdrawals on time. While it could be a failure on the betting site’s end if the operator is mediocre, the liability falls on the users too. After we analyzed the reports, we found some very common things that caused the delay in the withdrawal.
The thing is, if you make the same mistakes at instant withdrawal betting sites, you won’t get the money instantly. In fact, it can take days for the payment to be released.
To help new punters out, we’ve decided to list the common pain points for withdrawal delays and ways you can avoid them.
Incorrect Document Submission
All the best betting sites in India with instant withdrawal will provide you with a list of KYC documents needed for the verification process. While you don’t need to submit them in order, you need to submit all of them. You should find the list in the T&C section of the website.
Many operators even have a dedicated tab where all the information regarding the verification process. If you can’t seem to find the list, ask customer support via live chat or send an email. One of the most common causes of withdrawal delay is submitting incorrect documents.
Another very common mistake is to ignore the validity of the documents you’re sending. If your passport or driver’s license has expired, the betting operator has the right to refuse it.
Incorrect Payment Methods
In almost all cases, the fast withdrawal betting sites will require you to withdraw using the same method as the deposit. This is primarily why they ask you to deposit before the withdrawal. The payment method itself is subject to verification. You’ll find the front and back of your credit card as one of the KYC documents for submission.
If you choose a different method for withdrawal, the betting site may decline your request. The same applies if you try to use an online payment method that’s not registered in your name. You must use your own payment methods for real money gambling.
Your Country Doesn’t Allow Online Gambling
One of the things we recommend all the time to our readers is that they should read the terms and conditions page from top to bottom before signing up. We know it’s a tedious process but it can save you from a lot of trouble down the line. For starters, cancelled withdrawals.
On most T&C pages, you’ll find that whether you can gamble for real money or not will depend on your country's laws. And it’s your responsibility to make sure that you’re complying with them. If that’s not the case, it’s very much possible that your real money will get stuck.
Among all the problems we discussed, this is the least likely one because you shouldn’t be able to deposit in the first place. But it’s possible that you used a dual-currency payment method and paid for currency conversion for the deposit.
Top 3 Instant Withdrawal Betting Sites in India
In traditional fashion, we’re going to give you our top picks for the best betting sites in India with instant withdrawal. These are extracted from the main list to help you get started without spending too much time in the selection process.
1xBet is one of the most reputed online betting sites in the world. It’s not only known for its massive library of sports but also for the payment methods it offers to all its users. If you visit the payment section, you’ll keep scrolling for a while to read all the available methods and their details.
A lot of the methods are e-wallets and cryptocurrencies. So, it’s apparent why 1xBet is the first one on our list of the fastest withdrawal betting sites.
If the availability of local payment methods is something to go by, Parimatch takes the win. It even offers a dedicated portal for Indian bettors. You can use regular methods like Paytm, PhonePe, and RuPay along with all the common international methods.
And yes, Parimatch makes the effort to process your payments as fast as possible. You can expect the same withdrawals no matter what payment method you use. Once the request is processed, it’s going to depend on the processing time of your chosen method.
22Bet is another extremely popular and reputed online gambling site. It currently accepts players from India. You can find pretty much any sport you can think of for betting. Although there are no separate portals for Indian bettors, there’s no issue with signing up from the country.
You get all the standard online payment methods you’d expect from an online betting site. You can even use cryptocurrency for truly “instant” withdrawals.
How We Choose the Instant Withdrawal Betting Sites India
You already have our main list of the fastest withdrawal betting sites as well as our narrowed mini-reviews for the top 3. If you’re curious about how we got these operators, this section is a must-read for you.
- A License Goes a Long Way
Instant withdrawal betting sites India or not, all players need the protection of a license. In the international scene, online gambling licenses are regarded very highly for their security and strict monitoring of the operators.
When you bet at licensed fast withdrawal betting sites India, you don’t get the same level of protection. There are no central authorities looking over your shoulder to make sure the odds you’re getting are fair.
The license works toward the legitimacy of the brand itself. When you bet at a licensed site, you know that it’s recognized by the government where the operator is located.
- A Good Selection of Sports
This might sound cliché because you’ll surely need sports for a sports betting site. But only having “sports” is not the end of it. How many there are, what type of competition you’re getting for them, and what kind of markets you’re getting all play separate roles in your final gambling experience.
Just because some brands are identified as “fast withdrawal betting sites India” doesn’t mean they get to cut your sports betting experience short. That’s why we only list operators that offer the biggest sports libraries. You can expect to find common sports like cricket, football, tennis, golf, darts, MMA, kabaddi, etc. are some of the sports Indians prefer to bet on.
As for tournaments, the best betting sites in India with instant withdrawal should project the top-tier ones. For cricket, they can include the ICC World Cup, Indian Premier League, Big Bash League, etc. For football, they would be the FIFA World Cup, Copa America, English Premier League, La Liga, Ligue 1, Bundesliga, etc.
All the sports we just listed in the previous sections will need good quality markets for you to enjoy them at their full potential. A “market” is the bet you get odds for. Every single mention of odds you see at fast withdrawal betting sites traces back to a market.
The odds must be competitive. But what does it mean? It simply means that the odds must be in-tune with the actual probability of the events. The best way to ensure whether the odds are competitive or not is to compare them at multiple betting sites.
We’ve already done that for you and only the best ones we could find are listed on this page. If you want to go even further with it, you can start comparing between our recommended sites.
- Available Payment Methods
Whether you’re getting your withdrawals immediately or not largely depends on what payment methods you’re using. Traditional banking channels are usually the slowest ones as they take up to 5 days to credit the money. So, even though the best betting sites in India with instant withdrawal are processing the withdrawal immediately, you’re not getting it.
That’s why we try to list betting sites with payment methods that can actually get the money to you within the same day.
The final step of the ranking criteria is customer support. In case your payments don’t clear or some other issue arises at the fastest withdrawal betting sites, you’ll need someone to solve the issue for you. That “someone” must be knowledgeable.
To accelerate the process, we’ve already taken the time to ask questions to the support agents and test their depth of knowledge.
What are the Fastest Methods to Withdraw Instantly?
It’s obvious that the payment method you use will play a big role in the fast withdrawal betting sites. India is a country with many online payment methods. But which ones should you choose? Let’s try to find out.
Paytm is currently the most used online payment method in India. It pretty much emerged from nowhere and took over the industry. You can easily open Paytm accounts from even roadside vendors and complete the KYC process right there.
Paytm currently allows you to connect your bank accounts or other wallet accounts. So, after you get the withdrawal from the instant withdrawal betting sites India, you can transfer the funds to your bank account. Conversely, if you see UPI listed as a withdrawal method, you may use all local methods under that network!
Cryptocurrency transactions happen on the blockchain where multiple users validate and record it simultaneously. As multiple nodes are involved at the same time, these transactions can’t be faked or duplicated. Also, no central authority means you can get your money within a few minutes, no matter where you are in the world.
Among the available international online payment methods, PayPal is perhaps the fastest and most convenient method of withdrawal. All you need is an email address and the money will come to your account right away. Just make sure that the gambling site you’re registered at offers PayPal in the first place.