The common question when dealing with an online gambling platform is how you will get paid. It is a fair question and should not be taken lightly. It’s essential to read reviews as well as the fine print before you deposit your hard-earned money.
How quickly does FanDuel payout? There are three ways to get your money. These payouts can be as quick as 48 hours for a PayPal transaction, 2-4 business days for an e-check, and a depressing 7 to 10 days for a paper check.
I will discuss in detail a little bit more about the payouts and what problems you may run into or what to expect to see when going through the process.
Once your winnings have been set in stone, right after the last sports game has completed, you can withdraw your money.
There are a few more things you need to provide Fanduel before your payout.
- Verify your mailing address
- Verify your birthday
- Verify your social security number (U.S.) or your social insurance number (CAN)
There are two reasons for this verification, making sure it is you, and making sure they have the right info for the end of the year tax forms.
Once everything is verified, you choose your withdrawal method
Enter the amount you want to withdraw, then click the withdraw funds button.
It is easy as that, make sure the info is accurate because you don’t want that money to get locked up in limbo while trying to fix your banking info.
Here are a few things that might hold up your funds or not get the money you expected due to the terms and services you did not read.
- If you chose Paypal as a withdrawal method, they would want you to use the same account as your depositing one, if applicable.
- They do anti-fraud check on playing pattern and deposits before a withdrawal
- You can not withdraw a “pending bonus” or any money you did not win
- When you deposit money, they will not issue you a refund
I suspect the last bullet is due to money laundering or something similar. This is to protect their depositors and their company; you are free to reach out to them to plead your case, though.
If you feel you have money to withdraw through a paper check, but you can’t, you may have an incorrect address if requesting so double-check.
All in all, a FanDuel withdrawal is quick and easy, better than doing that bitcoin conversion or Western Union thing. It is safe and secure but does take a little time to get verified initially; after that, you’re on easy street.
Lastly, make sure you take a look at their moneyback guarantee, up to $100. If you end up not liking FanDuel, reach out to their support team and get your money back, no harm, no foul.