Stake.com is one of the newest betting sites in India and is rapidly growing in popularity in recent years. Once you have racked up some winnings, it's time to withdraw your funds from this bookmaker.
We will provide you with a guide on withdrawing funds in the section below, which usually involves the same steps more or less regardless of which payment method you choose.
Read on to find out all the details about withdrawals at Stake.com.
How to Withdraw Money to UPI from Stake?
Before you proceed towards withdrawing funds, see to it that your email is verified. If you have not done that, you will be prompted to do so during the process.
Alternatively, you can do it yourself by clicking on the Profile icon on the top-right corner of the website, then on Settings from the dropdown. It will take you to a new page where you can verify your email ID.
While at it, ensure that you have verified your phone number as well, or you can do it on the same page by entering the country code and your number, and clicking Submit.
To put forward a withdrawal request, make sure that you are logged in to your Stake account.
Then follow the steps below:
- Click on the ‘Wallet’ button on the top-center of the website
- This will open a dialog box containing multiple actions. Click on Withdraw
- Change the currency option from default to INR
- Enter the amount that you wish to withdraw in the allotted space and click on Withdraw
- You will then be redirected to a 3rd party service where you can select UPI as your cash out option
- Select the amount again and fill out the online form with accurate information
- If prompted, fill out the bank information too, review the details and click on Confirm
Do note that the Stake minimum withdrawal limit is INR 830. Also, all withdrawals that you make through UPI have a INR 166 bank processing fee.
What is the Minimum Withdrawal at Stake?
Stake is a crypto-heavy website that has only begun adding alternate payments methods in its platform recently.
If you prefer cryptocurrency transactions as compared to other options, this bookmaker’s site is for you. However, you can also withdraw money through UPI without any issues.
In the below table, you can find information about the different payment methods on their platform, plus withdrawal limits associated with each of them.
There is no maximum limit on how much funds you can withdraw. But you may want to check with your bank about the restrictions they have set if you are using fiat payments.
Some of the other payment methods added by Stake on their platform include Apple Pay, Samsung Pay, and Google Pay.
How Long is the Stake Withdrawal Time?
On all payment methods available for withdrawal, it can take up to 4 days for the amount to reflect in your account. However, out experience tells us that you usually receive your money within 24 hours after initiating a withdrawal.
In case you have not received your money after 4 days, you can reach out to their customer support team [email protected] for assistance.
How to Cancel a Withdrawal?
Usually the processing time at Stake is very quick, so you only get a small window to cancel your payout request.
If you put forward a request, but wish to reverse it, immediately check the status of the payment in question. In case it reads ‘Pending’, you may be able to cancel it by reaching out to the customer support team.
However, if the request has been processed, then canceling may not be possible.
Why Can't I Withdraw Money from Stake?
There can be more than one reason as to why you are unable to withdraw money from Stake.
The most important thing to do before withdrawing money is verifiying your email ID and phone number. It is advisable that you meet this prerequisite at the time of registration itself to prevent any future complications.
Stake may be preventing you from making withdrawals due to unconfirmed transactions. It is important to note that every transaction needs to be confirmed before it is credited into your account.
The number of transactions needed varies between different wallets. While Bitcoin requires 1 confirmation, some other wallets may require more than 3 confirmations.
Sometimes, you will also not receive funds quickly due to them being stuck on the bookmaker’s site. This normally happens when the withdrawal amount is large and needs to be processed manually by the administrators.
With a source like Stake, withdrawal hiccups are rare. So, do not panic if you come across one such unfortunate circumstance. Instead, be patient, as the Stake professionals are working to get the funds across soon.