Sky Bet launches "world-first" instant payout feature
Operator’s Fast Withdrawal service enables customers to have funds paid into their account in a matter of seconds
Sky Betting & Gaming (SB&G) has announced the launch of a new “world-first” online payments feature enabling customers to have funds paid into their bank account in real-time.
Fast Withdrawal, which debuted on SkyBet.com last month, utilises technology developed exclusively by SB&G and claims to have transformed the existing two-to-five day process to just a matter of seconds.
“We’re really pleased to deliver a product that allows customers to access winnings quickly and securely,” SB&G’s head of payments, Andy Sacre, said.
He added: “Slow withdrawal times is a key painpoint for our customers and always ranks highly on industry research on what matters most to customers.
“It’s a first step in what we expect to be an exciting period ahead for us.”
The Fast Withdrawal option is currently available only to Barclays customers, with plans to roll it out for other banks and payments processors in the near future.
“In today’s fast-paced payments space, we needed to close the gap on how long it took banks to credit winnings to customers,” Sacre continued.
“We put the customer first when coming up with the idea and it’s a great step forward in trying to solve what’s been an age old problem for our industry and in the wider FinTech space. The feedback from our customers has already been overwhelmingly positive.”
Fast Withdrawal is the latest example of payments innovation to come from SB&G in recent months after it became the first operator to add Apple Pay to its list of approved payment methods.