Page last updated: March 16, 2016
Ok, so we know that Bookmaker is a legit sportsbook with a good history and decent reputation for the most part. It’s very easy to get money to Bookmaker and easy to get it off if you don’t mind some common fees. Overall their payouts can be the fastest in the offshore sportsbook industry. There are a few problems I have with Bookmaker.eu and their payouts can be a problem for people making larger cashouts – check out my personal experience near the bottom of the page.
March 2016 Update – I’ve been using bitcoin for all my deposits and withdraws at Bookmaker for the past year and have had no issues. Payments are received with an average of 4.8 hours with a max of 12 hours and a min of 1 hour.
Feb 2015 Update – Bookmaker has added bitcoin to their cashier.
- Check by Courier
- Bank Wire
- WU/MG xfer
- Debit Card
Minimum Payout: $100
Minimum Payout: $10K
Minimum Payout: $20
Fee: $5 monthly fee and $2 load fee
Minimum Payout: $100
Minimum Payout: $50
So basically checks are fast and the fee isn’t bad (around 2%) if you max out your checks at $2500 which. Their debit card option is very appealing for many people.
- Credit Cards
- Pay by Voucher
- WU/MG Money Xfer
Min Deposit: $48
Min Deposit: $100
Limit: $500 ($850 daily)
Fee: varies by the money transfer service
Min Deposit: $100
Min Deposit: $10
Bookmaker Check Payouts
Good news and bad news for check cashouts. The Good: checks always come very fast (usually 2 days). The Bad: Limited to $3,000 a week and a $50 fee per check. Here’s the big challenge with larger cashouts:
Want to cash out $9,500? Well you will have to do 4 check requests ($3000, $3000, $3000 & $500)… So it will take a minimum of 4 weeks (1 check per week) to get your money. The awesome news about bookmaker check payouts is that I always receive my money delivered to my door in 2-3 days. Once in 2013 I made a check request around noon and had it the next day!!
The check you receive will be a foreign/international check (almost always a nothern country), so you can not deposit it at the ATM. You will have to deposit it at the drive through teller. I do this on a Friday (when they are busy) and have had no problems yet. I have about 1 in every 6 go to collections, which means your bank will send it the the original bank for payment and you will not get your money for 3-4 weeks. And of course they charge you a collection fee. Thats just part of this business living in the states…
Bookmaker Bank Wires
A $10,000 minimum? WTF? For any transactions that add up to over $10k in a 24 hour period, your bank is required to fill out a Currency Transaction Report (CTR) and file it with IRS. Fair enough, but I don’t want to raise flags and have my bank send a CTR with a large deposit from Costa Rica. Plus the wire fees from bookmaker are $600+
My Experience Cashing Out of Bookmaker
I love the fact that their checks come super fast (2 days), even though their is often a $50 withdraw fee. I let my account build up for almost a year and had $17k in my account and I wanted to cash it out to spread my bankroll around to other betting sites.. I was stuck, do I request a large wire from Costa Rica and have my bank report it to the IRS, or do I request $2500 checks (max check was $2500, but recently was raised to $3,000) for 7 weeks. I was not in a big hurry, so went with the check method. The fees were less ($350 over the $600 wire fee) and nothing is reported to the IRS. I’m currently on week 5 of my $2500 weekly payments and no problems at all..
Bookmaker Debit Card Payouts
You can get a “special” debit card from bookmaker to make cashouts. It is basically a prepaid debit card that they will load with your withdraw request. Then you can get your money out at an ATM or use it to purchase items.
- Debit Card Fees: $25 to activate with a $5 monthly fee and a $2 load fee.
- Debit Card Limits: $100-$2500
Kepp in mind that if you load (cashout) $2500 on your card and want to get your cash from an ATM, most ATMs have a $400-$500 max withdraw. This means you may be making 5-6 cash withdraws from the ATM and the ATM machine will probably charge a $3-$4 fee for each transaction.