We hate spam and only email you when we have something worth sharing.
Fantasy Sports Withdrawal Methods
If you are fortunate enough to win money playing fantasy sports, you will need to know how to withdraw your money. We are going to talk about the different fantasy sports withdrawal methods that are available.
Unlike sports betting methods, there are only a couple of major fantasy draft withdrawal methods that are available. Let’s take a look at this small list.
Types of Fantasy Sports Withdrawal Methods
This is the most popular method of withdrawal in fantasy sports. If you deposited money using PayPal, some sites require you to withdraw money back to that same account. These withdrawals are always paid quickly and the processing time is very short. Be aware that there may be some fees applied by PayPal of your withdrawal amount.
Getting a check is a little bit of a slower process. This could take 7–14 business days depending on the site. But you will need to give them your name and address, and you will get a physical check sent to your door in the mail.
We spent some time digging to find more fantasy sports withdrawal methods, but they don’t exist. PayPal and check are the only two available at the major fantasy sports sites right now. So let’s move on and take a look at what info you might need to provide at the time of withdrawal.
What Information Is Needed for Withdrawals
When using PayPal, you will need to provide your PayPal address along with the amount you would like to withdraw. If you choose to be paid out by check, you will need to give a bit more information. You will need to provide your name, address, and amount to withdraw. These are critical to receiving and banking a check.
Remember, if you win over $600 on a given site, you may need to provide tax information. Some sites require you to fill out a returns form before the withdrawal of your money. Just something to keep in mind if you happen to hit it big with the winnings!
Withdrawal Method Cheat Sheet
Below are the most popular fantasy sports sites mapped along with the type of withdrawal methods they offer
- FanDuel: PayPal, Check
- DraftKings: PayPal, Check
- Fantasy Aces: PayPal, Check
- Yahoo: PayPal
- FantasyDraft: PayPal, Check
Finally, let’s look at a few tips that will help you choose between PayPal and check.
Tips for Choosing the Best Withdrawal Method
All sports draft withdrawal methods come with a set of fees. Typically a check carries a fee with the fantasy sports site, and PayPal carries a fee through their own system.
How quickly do you need the money? PayPal withdrawals will happen much quicker than a physical check withdrawal.
That’s about it. Hopefully, you put yourself in a position where you have to worry about which withdrawal method you should use. That means you won some money! Keep in mind that both options (PayPal and check) are solid, and you should have no problems using either of them.