Virgin Bet Withdrawal Time - Payment Options for 2024

You took advantage of Virgin Bet’s new customer sign up offer, and you’ve got cash funds to withdraw (excluding Bet Credits). Now would be the time to think about the best withdrawal method with other online betting platforms. However, with Virgin Bet’s limited deposit and withdrawal methods, there’s not much to consider.

If you’ve not already read it, take a look at our article on depositing funds into your Virgin Bet account. Regulations mean that when withdrawing, you'll need to use the same method you used to deposit for at least some of your funds. Our article on the closed-loop policy goes into more detail on how this will affect your withdrawal choices.

Visa or Mastercard Card Withdrawals

Funds arrive in your bank account in 1 - 3 working days. Withdraw from £10 to £20,000.

If you have more than one bank account, you can withdraw via Visa or Mastercard, choosing which one of the cards stored on your Virgin Bet account to use. The caveat is that you must deposit funds using each method first. Visa withdrawals can be faster if your bank allows Visa fast funds.

Visa Fast Funds

Eligible Visa cards can receive funds in 2-3 Hours.

If you need your money fast, withdraw the bulk of your winnings onto a Visa Debit Card since you'll see your money in your account within a few hours. Remember that the closed-loop policy applies, and you'll also have to withdraw using the method used to deposit. Even though funds could be with you in hours, you should still allow up to 24 hours for the internal processing at Virgin.

PayPal Withdrawals

Get instant access to your balance and withdraw from £10 to £20,000.

Once cleared, funds will reach your account instantly. As an e-wallet, you can have more than one bank card connected to your PayPal account, allowing you to choose where to send the funds without registering multiple cards with Virgin Bet. This is a way to get around the closed-loop policy, allowing you to distribute funds as you choose once they are in your PayPal account.

Virgin aims to process all withdrawals within 24 hours, so it's worth noting there is still the potential for a slight delay before receiving your funds.

Bank Transfer Withdrawals

Withdraw from £10 - £20,000 in 2 - 5 days.

Virgin Bet doesn't allow you to deposit funds into your account via bank transfer, so you'll always have to withdraw funds using your deposited method, at least to the value of your deposit. Since the withdrawal limit of £20,000 is the same as Debit Card and PayPal withdrawals, it's difficult to see the benefit of having the Bank Transfer withdrawal option. This is normally a method that would be used if you are unable to withdraw in another way, for example if your card has expired, or your PayPal account closed.

How to Withdraw Funds

From your Virgin Bet account, click on the Withdraw section.

The site doesn't break down your balance in the way others do, making it clear how funds are calculated (Bet Credits or withdrawable cash), but they'll soon let you know if you attempt to withdraw more than is possible.

Since the account balance in the image is £0.00, we're getting an error message. However, this is handy because it highlights that you're first expected to have deposited via the method you wish to withdraw before a withdrawal is permitted.

With a zero balance, it does not give the option of a Bank Transfer, but as you can see, once you've requested to withdraw money, you're taken directly to the screen that displays your option.

Click your preferred withdrawal method and complete the details. When using PayPal, ensure the account name matches that registered with Virgin Bet.

Always Bet Responsibly

Virgin Bet has a variety of tools that help you bet responsibly. You can set short cool-off periods up to 6 weeks, exclude yourself for longer, up to 5 years, or even exclude yourself from all gambling sites using GAMSTOP.

Setting Limits

At this point, you may want to check out and take advantage of the promotions available to existing customers and re-bet instead of withdrawing your funds. However, make sure you stick within the Spend Limits limits you set for yourself. One win doesn't guarantee another, and you created the limit for a reason.

Unavailable Withdrawal Methods

• E-wallets (other than PayPal) - The popular but less well-known e-wallets, Neteller, Skrill, Much Better and Rapid Transfer, aren't approved withdrawal methods. With Virgin Bet, it's PayPal only.
• Apple Pay and Google Pay - Apple and Google pay aren't approved deposit or withdrawal methods with Virgin Bet. If your card details aren't saved to your phone, then PayPal (if you have an account) is probably the most convenient choice when on the go.
• Paysafecard - A popular alternative to a credit card, the Paysafecard is widely accepted as a deposit and withdrawal method, just not with Virgin Bet. The only card types accepted are Visa and Mastercard.
• Cash/Dedicated Card - You might be surprised that Virgin Bet doesn't offer a dedicated account card, considering their association with Virgin Money. Common with other online betting platforms like Bet 365 and Paddy Power, these dedicated, bespoke cards allow you to withdraw the funds in your online account via the ATM.
• Credit Cards - As per UK gambling regulations, it's not permitted to deposit or withdraw funds via credit cards.

Change Log

• 9th April 2024 - Updated screenshots. Clarified withdrawal times to allow for 24 hours of internal processing.