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milo222
08 Nov 13 16:03
Joined:
Date Joined: 13 Mar 04
| Topic/replies: 209 | Blogger: milo222's blog
Last Thursday evening I withdrew £150 from my Betfair account and £100 from my Corals.
My Corals money was in my account Sat morning, but my Betfair withdrawal didn't arrive until Tuesday!

How can that be?
Don't they all use the same BACS transfer scheme?

It's poor really ain't it?

Could someone from Betfair explain why they can take your money instantly but not pay you for 4/5 days?
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Report pandora1963 November 8, 2013 5:06 PM GMT
its cause of the weekend if you would have withdrawn it wednesday it would have been in there friday 3.30 pm
Report startedOct2000stillgoingstrong November 8, 2013 5:09 PM GMT
its because hardly anywon on here ever withdraws so BF  dont see it as important to do the transfer quickly.
Report Poppydog. November 8, 2013 5:10 PM GMT
Betfair to Paypal = 12 hours
Paypal to (my) UK Bank acccount = instant
Report minardi November 8, 2013 5:10 PM GMT
It's called profiteering - it's easy enough to withdraw from you bank account within seconds - should take no more than a couple hours these days.
Report bilbobaggins November 8, 2013 5:26 PM GMT
About 4 years ago they said they were investigating faster payments. As with everything this company does the customer experience comes bottom of their list of things to get right. They treat us like dirt.

When you can transfer money instantly between banks these days it is disgusting it can take up to 5 days to get YOUR OWN money from Betfair.
Report rcing November 8, 2013 5:30 PM GMT
like bilbo said , betfair said something about implementing faster payments years ago

it will be on one of the forum chat threads
Report rcing November 8, 2013 5:30 PM GMT
announcements
forum chat
Report elise November 8, 2013 5:32 PM GMT
these are the faster payments
Report batman50 November 8, 2013 5:32 PM GMT
More interest for Betfair the slower they are
Report Keefter November 8, 2013 5:50 PM GMT
I'm an expert on this subject. I bank with HSBC. withdrawals via your debit card will hit your account 2 working days later, so a withdrawal made Monday you will have Wednesday, for HSBC thats usually between 6 and 8pm. at weekends it changes, Withdrawals you make Thu/Fri/Sat you will recieve Mon eve, WD's made Sun you will recieve Tues eve.

If you want it quacker then Poppdog is spot on, Paypal is the way forward, PP Withdrawals take an average of 12 hours.
Report Percy Filth November 8, 2013 5:57 PM GMT
but paypal deducts 2.5% or thereabouts
Report Poppydog. November 8, 2013 6:25 PM GMT
No, it doesn't:


2013-11-05
13:49    9005*******3     2013-11-05
13:49    PayPal Withdrawal          -    -    -    (120.00)
-------------------

Date:    6 Nov 2013
Time:    01:49:37 GMT
Status:    Completed
Subject:    Betfair Limited has just sent you £120.00 GBP with PayPal
-------------------
Date:    6 Nov 2013
Time:    09:35:22 GMT
Status:    Completed

Subject:Bank Account
====================
6 Nov 2013    BAC    PAYPAL , PAYPAL WITHDRAWAL , FP 06/11/13 0935 , PPWD00*********

--------------------   

The exact amount that left Betfair at 1:49pm could have been in my account by 1:50am (12 hours later)

I did it the next morning and it leaves and arrives both at 09:35am
There are no deductions or charges, whatsoever.
To the penny, whatever leaves Betfair can be in your current account balance in 12 hours

Obviously the 12 hours is fair enough for Betfair to claw back any wrong-doing or dodginess.
There's no problem with that
Report Percy Filth November 8, 2013 6:26 PM GMT
ok
Report PairOfSuitedAces November 8, 2013 7:30 PM GMT
To be fair to Betfair they imposed a minimum 12 hour withdrawal period after the big problems they had on their poker site a few years back when a lot people managed to receive "free" money when the software failed late one night. My withdrawals are always in my Skrill account just over 12 hours after withdrawal.
Report Clarky9 November 8, 2013 10:01 PM GMT
£6 to get your money next day. Scandalous!
Report deadbrain59 November 9, 2013 9:48 AM GMT
laundering.
Report PairOfSuitedAces November 9, 2013 10:25 AM GMT
Withdrawing to Skrill is free.
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