{"id":3526,"date":"2022-08-05T16:52:04","date_gmt":"2022-08-05T16:52:04","guid":{"rendered":"https:\/\/www.newbettingsites.co\/?page_id=3526"},"modified":"2023-08-16T14:57:06","modified_gmt":"2023-08-16T14:57:06","slug":"can-you-withdraw-from-a-betting-site-if-your-card-expires-or-changes","status":"publish","type":"page","link":"https:\/\/www.newbettingsites.co\/articles\/can-you-withdraw-from-a-betting-site-if-your-card-expires-or-changes\/","title":{"rendered":"Can You Withdraw From A Betting Site If Your Card Expires Or Changes?"},"content":{"rendered":"

\"paymentThere are many benefits to using online bookmakers and betting sites. For starters, they are convenient insomuch as you can play anywhere and at any time, though you obviously need to be sensible in terms of how often you place bets. There is also the fact that it is much easier to Cash Out wagers<\/a> should you wish to, which is much more difficult in physical betting shops. On top of both of those things is the fact that the amount of choices available to you are virtually limitless, especially if you\u2019re willing to move between companies.<\/p>\n

The down side to betting online is that you need to be able to get your cash into your betting account somehow, with most people opting for debit cards as a manner of doing this. Unfortunately, debit cards expire or you may decide to change bank, but bookmakers use a closed-loop system that requires you to withdraw your funds onto the same card that you deposited them into in the first place. If your card expires or you change your card, it is usually pretty easy to get in touch with bookies or casinos in order to ask them to change your main registered card, as we\u2019ll go on to explain.<\/p>\n

The Closed-Loop System<\/h2>\n

\"closedThere are numerous reasons why online bookmakers, casinos and other betting companies use a so-called \u2018closed-loop\u2019 system<\/a> when it comes to depositing and withdrawing funds. The most important one, though, is all to do with the use of cards to launder money<\/a>. Nefarious types would look to load money into their betting account with one card and then withdraw any winnings onto a different card, thereby \u2018cleaning\u2019 it in the process. This is something that the United Kingdom Gambling Commission takes very seriously, so does what it can to deter.<\/p>\n

This can result in all sorts of odd things happening when you try to withdraw money. Let\u2019s imagine that you\u2019ve made a deposit of \u00a3100 with your debit card and another deposit with a method such as Skrill, this time of \u00a3200. You win your bets and have \u00a3500 in winnings, all of which you\u2019d like to withdraw. The system of the online company that you\u2019re using will know which method you deposited the most money onto, so you\u2019ll need to equal that deposit before you can withdraw more to another method. That is to say, you won\u2019t be able to withdraw more than \u00a3100 to your debit card until you\u2019ve moved \u00a3200 to your Skrill.<\/p>\n

Some companies will let you know on your banking page where you\u2019re at with each deposit method. This is usually referred to as \u2018Net Deposits\u2019, which is created by subtracting your total withdrawals from your total deposits. If you\u2019ve deposited more money than you\u2019ve withdrawn your Net Deposit will be positive, whilst if you\u2019ve withdrawn more than you\u2019ve deposited then it will be negative. You then need to balance your Positive Net Deposits if you\u2019ve used several deposit methods before you can withdraw money to one account over another.<\/p>\n

Changing Your Default Card<\/h2>\n

\"CardThere are all sorts of reasons why you might want to change the default card that you have registered with an online gambling account. Sensible people know that you need to constantly move from bank to bank in order to get the best rates and to ensure that you\u2019re able to take advantage of incentives to join, for example. This means that you might have a new bank account every six months or so, giving you a new card and a need to change the debit card that you have registered with your betting account of choice each time.<\/p>\n

Most companies make it easy enough for punters to change the financial information that they have on their account, understanding that it is a necessity. Though they\u2019ll each handle the exact process in a different way, you\u2019ll usually need to load up your account information and look for a section entitled something along the lines of \u2018Manage Payment Methods\u2019. From there, you can upload a new card, after which you can then make that new card your \u2018Primary\u2019 one for deposits and withdrawals moving forward, which makes life much easier for you.<\/p>\n

The same area of the site will be where you\u2019ll want to go if you want to change the card that you make deposits from. Instead of uploading a new card, you\u2019ll look for the option labelled something like \u2018Deposit Card\u2019. This often presents you with a list of the cards that you have on your account, so you can choose the correct one and go from there. In order to actually make a deposit, it is common to have to enter your CV2 number, which is three digits on the back of the card, alongside the deposit amount that you\u2019re making.<\/p>\n

As you have probably worked out, the same thing is necessary to change the card that you withdraw to, though this is typically a little bit more complicated. You need to head to the \u2018Withdrawal\u2019 section and choose the card that you want to withdraw on to. Once you\u2019ve done that, you can then use that card moving forwards, provided the withdrawal has gone through correctly. Sometimes it doesn\u2019t, of course, but most betting companies won\u2019t be able to help with missing withdrawals or the like until at least five working days have past since the withdrawal was made.<\/p>\n

Updating Expired Cards<\/h2>\n

\"expired\"In terms of added complications, nothing makes things confusing for you quite like having a card that has expired linked to your account. The good news is that if you make a withdrawal to a card that has expired, been reported as lost or reported as stolen, the withdrawal will still work provided the bank account and sort code attached to the card are the same. As with all betting companies now, you won\u2019t be able to deposit or withdraw from a credit card, which includes Mastercard, so do bear that in mind when choosing your deposit method.<\/p>\n

Of course, most companies will automatically remove cards that have expired from your account automatically, so it is mainly cards that are lost or stole than you need to worry about. If you\u2019ve been sent a new card that has the same information as your old card but a different expiry date, you can usually update the expiry date in the My Account section of your betting company. Once you\u2019ve chosen the option that says something like \u2018Manage My Payment Methods\u2019, you\u2019ll be given the chance to \u2018Edit\u2019 details of the cards on your account and you can change it there.<\/p>\n

What About Changed Cards?<\/h2>\n

\"Verification\"For those of you that move from bank to bank regularly, or even have just done it once and now have a new card and new banking information, you\u2019ll still be able to get your money. The first thing that you\u2019ll need to do is get your new card onto your account and make it your primary card as we\u2019ve explained above. This will allow you to keep loading money into your account and betting as normal. The problem comes when you try to withdraw money onto that card that was deposited via another payment method, which most companies won\u2019t allow you do to.<\/p>\n

The good news is that you will be able to get them to send you your money via bank transfer. If you have already made deposits and withdrawals with your bank then this should be easy enough, but sometimes you might need to send the company that you place your bets with some identification. They will always get in touch with you and tell you what ID it is that you need to send them, so don\u2019t just send them your passport or birth certificate or anything like that without first having asked if that\u2019s what they want.<\/p>\n

If you\u2019ve changed your withdrawal method, most companies will ask you to make a deposit with that method before they\u2019ll allow you to withdraw anything to it, so do bear that mind. It is usual for companies to ask you for documentation for a number of reasons<\/a>, most of which are done in order to avoid the possibility of money laundering and in order to ensure that the company can fulfil its Know Your Customer requirements, as set out by the UKGC. As long as they know who are and that you are who you say you are, you\u2019ll be fine.<\/p>\n

In terms of the ID that you\u2019ll be asked to send<\/a>, it will usually be one of the following:<\/p>\n