Sky Bet and Fast Withdrawals allows customers access to immediate payments

Customers of Sky Betting & Gaming and Barclays are the first ever to have money paid out to their cards immediately, thanks to the world-first innovation for winnings, Fast Withdrawals.

The company has worked to fundamentally transform the existing 2-5 day wait that customers experience when withdrawing their winnings, with Fast Withdrawals taking just a matter of seconds.

Head of Payments, Andy Sacre, who also led on the introduction of Apple Pay back in August 2016, said: “We’re really pleased to deliver a product that allows customers to access winnings quickly and securely. Slow withdrawal times is a key grievance 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.”

Sacre adds: “In today’s fast-paced payments space, we needed to close the gap on how long it took banks to credit winnings to customers. 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.”