Betway Withdrawal

The withdrawal process is most simplified for the online platform for both mobile and desktop users. After logging on to your user account, for the mobile device users, choose the “Banking” option and for the desktop users, they choose the “Banking” option after which you move to the withdrawal tab.

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1

About Betway

Betway Limited, a sports betting company, was established in 2006. It holds the license number MGA/B2C/130/2006 from the Malta Gaming Authority; they also have a license from the Gambling Commission of UK besides a number of gambling licenses from different countries all over the world which enables the players to practice legal betting in their respective countries. 

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Betway is one of the best and most dynamic online betting platforms of this generation. Apart from the traditional sports betting, Betway provides the users with a variety of events, such as politics or TV shows. In this article, we are going to discuss ways of withdrawing money from Betway account.

Since its establishment, Betway has been at the forefront of the online gaming industry, they provide innovative and interactive gaming experiences.

Betway Logo

The company provides her players with a live chat and email support system to help them resolve their gamming related issues. Betway is trying to improve their reputation by also providing a competitive online betting platform by also providing support options like the offline FAQ-like help.

2

How to Withdraw Money from Betway account

From the withdrawal tab, there is an array of options for the Betway customer to cash out; thereby, they will have to follow the process as directed by the system to complete the process by keying in the needed data. All the withdrawals are put in a queue; this is where Betways’ payment team does the processing of cash according to the method a customer chooses for withdrawal. The platform allows one to check their cash withdrawal at any given moment; you can check the status of this transaction by clicking on the “Transaction History” in your user section of the account.

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Important Information about Betway Withdrawals


3.1

Betway withdrawal options

There is a wide array of options for payouts, this includes some of the most popular methods like Skrill, PayPal, ecoPayz, Netteller, Instadebit, credit and debit cards like Visa and MasterCard. Betway also does direct money transfers to your bank account, this depends on the country you are in. there are also exceptions to the payment methods including mobile money. The minimum Betway withdrawal is an equivalent of 10 USD or EUR.


3.2

Betway withdrawal time

This depends on the Betway withdrawal method chosen by you, this takes from 2 hours up to 3 business days for the money to reach your account after the approval by the system. Below are some approval times taken by different withdrawal methods;


3.3

Betway withdrawal types

Withdrawal Type Duration
e-Wallet 2-24 hours
Debit Card 2-3 business days
Bank Transfer 2-3 business days

When planning to make a withdrawal, take note of bank or public holidays and weekends, for example, if you make a withdrawal request on a Friday evening or over the weekend, many banks will process that transaction requests on the following Monday, this applies to public or bank holidays too, so the request done during such a time will tend to take much more time.

Betway Withdrawal

3.4

Betway Withdrawal Fees

As one of the best online betting sites, Betway does not charge any fee on withdrawal, though some payment providers may charge a small fee on their platforms as a service fee, so before withdrawal, you should check the rates according to the preferred provider.

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4

Verification

Depending on different countries, there are regulations for one to have an online betting account for example; in a country like the UK many others require one to have attained at least the age of 18 to register as a player. While registering, Betway requires a player to fill in their details, these details come into use during the withdrawal, and you will be taken through a process known as Know Your Customer (KYC). This allows the system to automatically verify a player’s account details without much effort being put in place by the player. If the system detects some error, it will require the customer to key in their details as was placed during the registration to help with the verification; this can be a form of identification like a phone number or address.

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5

Withdrawal Problems

Below are some challenges that a player can face while undertaking a withdrawal:


5.1

Have you met the play-through requirements?

While attempting to withdraw your cash balance, you should make sure that any bonus balance or a free bet is first converted to a cash balance before withdrawal, that is when you can opt for a payout.


5.2

Is your account verified?

Betway will attempt to verify your account through the system electronically, but if there is an error with the details provided like the password, you will be required to provide proof of identity before you can withdraw your money.


5.3

Minimum required amount

Before opting for a withdrawal, make sure you have the minimum required balance of 10 EUR or a currency equivalent to.

Betway withdrawal process

5.4

Computer-related problems

You can also experience computer software or hardware related issues while trying to access your account for withdrawal of money like:

  • Using a different web browser;
  • Some features require the pop-up blocker to be disabled;
  • Latest browser;
  • You should be running the latest Java and Adobe Flash Player;
  • At times, it just requires you to clear cache and cookies for your browser to work properly.
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Conclusion

In conclusion, Betway cash withdrawal requests are processed within 3 business days for the card and bank transfers, while those that involve e-wallets take one day for the money to hit your account. There are no additional charges involved in the withdrawal apart from those levied by the payment platform provider.

However, in some instances, the default withdrawal method will be determined by the same method that the player used to deposit money into their account.

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