Innovation in the betting sector: real time payout to debit cards

Barclays, Vocalink and Sky Betting & Gaming have partnered to allow customers to have money paid out to their debit cards immediately with Fast Withdrawals solution. The collaboration is aimed at reducing the existing 2-5 day wait that customers experience when withdrawing their winnings, with a solution that will help the withdrawing in a matter of seconds.

The Real-Time Credit solution, which powers Fast Withdrawals, ensures money is returned to consumers instantly. According to the press-release, the previous trial’s success in the UK has determined the company to move forward with the solution and the above mentioned partnerships.

Sky Betting’s head of payments, Andy Sacre, says: „Slow withdrawal times is a key painpoint for our customers and always ranks highly on industry research on what matters most to customers.”

Vocalink chief Paul Stoddart, says the system meets a consumer demand for immediate payments capability across all of their transactional interactions.

“Consumers have been making payments in real-time for years, so why shouldn’t they receive credits to their account in real-time too?” he asks. „Our Real-Time Credit solution which powers Fast Withdrawals, ensures money is returned to consumers securely and instantly.”