If you wish to participate in betting using the Website, You must deposit money into Your Account which you can then use to place bets.
Only depositing users are eligible for withdrawals.
Deposits to and withdrawals from an Account may be made through various payment providers that may change from time to time. Procedures, terms,
and conditions vary between payment providers. We do not accept cash funds sent to us.
Depositing funds carry a service charge reflecting the charge levied by the payment providers.
The service charges are a percentage of the total amount deposited, and currently stand at:
Skrill: 1% service charge.
Neteller 1% service charge.
Debit & Credit Card: 3.5% service charge.
PaysafeCard: 5% service charge.
ukash: 5% service charge.
SwiftVoucher: 5% service charge.
Withdrawing funds carry a service charge reflecting the charge levied by the payment providers.
The service charges currently stand at:
Skrill: 1 free withdrawal per month. Additional withdrawals carry a 2% + £1 service charge.
Neteller: 1 free withdrawal per month. Additional withdrawals carry a 2% + £1 service charge.
Debit & Credit Card: 1 withdrawal per month carries a £1 service charge. Additional withdrawals carry a £3 service charge.
Bank transfer: All withdrawals carry a £10 service charge.
By depositing money you agree not to make any charge-backs, reversals or otherwise cancel any deposits into Your
Account, and agree to refund and compensate us for unpaid deposits.
Your Account is not a bank account and is therefore not insured, guaranteed, sponsored or otherwise protected by any
banking insurance system. Additionally any money deposited with us in your Account will not earn any interest. If a player
doesn’t participate in betting between his deposit and withdrawal, the fees of 20% will be applied to the withdrawal.
We may at any time set off any positive balance on Your Account against any amount you owe to us when we re-settle any bets or wagers pursuant to Duplicate Accounts, Collusion, Cheating, Fraud and Criminal Activity or errors.
You are responsible for reporting your winnings and losses to your local tax or other authorities.
The minimum withdrawal from your account is £10, or £50 for wire transfer. You may request withdrawal of funds from Your Account at any time provided that:
all payments made into Your Account have been confirmed as cleared and none have been charged-back, reversed or otherwise cancelled;
any Checks referred to in paragraph 4 above have been completed.
an account holder cannot withdraw funds from an account before a deposit with the same payment method as the desired withdrawal method is completed.
Once we have approved your withdrawal you must give us sufficient information as to how the funds should be transferred to you. We will attempt to accommodate your
request regarding the payment method and currency of your withdrawal. This, however, cannot be guaranteed.
FantasyBet is not a bank or a money transferring service. FantasyBet has an obligation to understand the reason for
the movement of money on our site. We need to know this information so that we can comply with relevant rules and regulations on money laundering.
Any deposits are subject to a 1x turnover requirement before the funds are cleared for withdrawal.
We reserve the right to charge a fee amounting to our own costs (including the cost of the deposits) for withdrawals of funds that have not been put into play.
Deposits into www.fantasybet.com must be made from an account that is registered in the account owner’s name. 6.10.4. All cards registered on your account must
be registered in your country of residence.
We do not accept 3rd party deposits, i.e. a friend, relative, partner, husband or wife.
If bank transfer is required to refund the money to the rightful owner, all bank charges will be borne by the receiver.
In case of MasterCard deposits where refunds are not possible, the card owner must sign a "credit card verification form" and submit identification documents for verification purposes.
If we discover during our routine security checks that there are discrepancies with regards to the above listed points, all betting winnings will be forfeited and credited to the operator.
This will result in permanent account closure. 6.10.9 the following shall be treated as customer funds ("Customer Funds") and be held to your credit as the Player:
Cleared funds deposited with us by you to provide stakes in, or to meet participation fees in respect of, future gambling;
Winnings or prizes which you have chosen to leave on deposit with us or for which we have yet to account to you, and;
Any crystallised but as yet unpaid loyalty or other bonuses, in each case irrespective of whether we are a party to the gambling contract.
The Company is required to inform you about what happens to funds which the Company holds on account for you, and the extent of which the funds are protected
in the event of insolvency. The company shall hold your funds in a separate bank account so as to be kept segregated from the Company’s bank accounts. This basic Segregation meets the UK Gambling Commission’s requirements.