How to withdraw from Betway?

Do you want to know how to perform a Betway withdrawal? Congratulations! You must have won some good money at the Betway casino or placed winning bets on the Betway sports market. Whatever the case is, you want to move your winnings from your Betway account balance to your bank account.

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The good thing is that Betway has made this withdrawal process easy. And whether you are using the Betway app or website you can get your winnings to our account in no time. In this article, we will look at how to do that. We will also check out the Betway withdrawal rules and what to do if you encounter any withdrawal problems.

How to Withdraw the Betway Bonus?

Betway offers a 100% bonus to new accounts that sign up. When you open an account, you can use the Betway sign up code: MAXBONUS to get 100% of your initial deposit. Can you withdraw the Betway sign up bonus? The short answer is no. But you can withdraw it when you adhere to all the conditions outlined on their website.

What Are Betway Withdrawal Rules?

Betway has rules and regulations regarding withdrawals, you can see the complete rules in the Betway Withdrawal policy on their website.

What to do to withdraw the Betway Bonus

Before you can withdraw your Betway bonus, you have to play it for a payout of up to 10 times the amount you got as a bonus. These games must be up to 3.00 odds and you have the use the bonus 30 days after receiving it.

General Betway Withdrawal Policy Guidelines

According to the terms and conditions, a withdrawal will be processed using the same payment method used to make deposits. And Betway stipulates that the name on your Betway account must match the name in your Bank account. So before any withdrawal is made, a verification of the account will be carried out.

Betway Withdrawal Documentation

A Betway review of your account before processing your withdrawal is expected. So you must be willing to provide full documentation to verify the ownership of your account. Betway will require any of the following documents:

  • A copy of an identification document that shows your photograph e.g International passport, Drivers license, voters card. Etc.
  • An image of the credit or debit card you used to make a deposit.
  • A recent copy of a utility bill (water bill, electricity bill) to verify where you live.

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What Is the Minimum Withdrawal on Betway?

According to the Betway withdrawal policy, the minimum withdrawal amount on Betway is N100.

What Is the Maximum Withdrawal on Betway?

Even though there is no maximum withdrawal amount stated on the Betway Withdrawal policy, from experience the maximum withdrawal amount is N2,000,000 (Two million naira) daily.

What Is the Betway Withdrawal Limit?

Betway has a right to hold your withdrawal if the amount requested is 5 times or more of your lifetime deposits. Instead of receiving the full amount, you will be paid a sum deemed appropriate by Betway This is according to the Betway withdrawal policy. The remaining amount would be held in your Betway balance till you deposit more money to increase your lifetime deposits.

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What Are Betway Withdrawal Fees?

Betway doesn’t charge any fees when you make a Betway withdrawal. However, the different payment channels may charge a fee. Keep an eye on that to make sure the charges are not outrageous. Also, any tax incurred by winning money on Betway will be deducted from your winnings before you withdraw it.

How to cancel your Betway Withdrawal?

If you have started a Betway withdrawal, you can cancel it only if it has not been processed. You can go to the withdrawals tab and click on ‘Reverse withdrawals’ to cancel the withdrawal process.

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What Are the Betway Withdrawal Methods?

Betway offers several withdrawal methods to get your money into your account. You can make withdrawals on the desktop website, mobile site or owithdrawaln the Betway app. When you make a Betway withdrawal, the money is paid through the same payment channel you used to make a deposit. But when you via channels like Paystack or Flutterwave where you can’t recieve deposits into, then you can use other withdrawal methods.

Betway Withdrawal Methods

How to Withdraw Money from Betway via EFT?

If you want to withdraw by EFT, that is by Bank transfer, follow the steps below:

  • Log in to your Betway account.
  • Click on the ‘My Account’ button on the top-right corner.
  • From the drop-down, click on ‘Withdraw Funds.’Betway Account
  • Click on the option of Bank transfer.
  • Enter the amount you want to withdraw and your bank details
  • Click on the ‘Withdraw’ button.

Before you use this option, make sure your bank account name matches the name on your Betway account.

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How to Withdraw Money from Betway via Opay?

If you want to withdraw via Opay, follow the steps below:

  • Log in to your Betway account.
  • Click on the ‘My Account’ button on the top-right corner.
  • From the drop-down, click on ‘Withdraw Funds.’
  • From the various options, click on ‘Opay’
  • Enter the amount you want to withdraw and click on the ‘Withdraw’ button.
  • Your Opay wallet will be credited with the amount.
  • Make a withdrawal request from your Opay account.
  • You will receive a pin via SMS.
  • Visit the nearest Opay agent and submit the pin to receive your cash.

How to Withdraw Money from Betway via Paga?

If you want to withdraw via Paga, follow the steps below:

  • Log in to your Betway account.
  • Click on the ‘My Account’ button on the top-right corner.
  • From the drop-down, click on ‘Withdraw Funds.’
  • From the various options, click on ‘Paga’
  • Enter the amount you want to withdraw and click on the ‘Withdraw’ button.
  • Your Paga wallet will be credited with the amount.
  • Make a withdrawal request from your Paga account.
  • You will receive a pin via SMS.
  • Visit the nearest Paga agent and submit the pin to receive your cash.

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How to Withdraw Money from the Betway App?

You can easily carry out Betway withdrawals using the Betway app.

  • Log in to your Betway account on your mobile device.
  • Click on the ‘My Account’ button on the top-right corner.
  • From the drop-down, click on ‘Withdraw Funds.’
  • Click on your preferred option for withrawal
  • Enter your account details and click on ‘Withdraw’.

What Is the Betway Withdrawal Time?

The maximum time it takes to make a Betway withdrawal depends on your withdrawal method. It can take from 2 hours to 2 working days (48 hours). If you make a withdrawal over the weekend you have to wait till working hours to receive your money. This applies to public holidays also. On rare occasions due to bank errors or maintenance on the Betway website, your withdrawal can be delayed. You can reach out to the customer service agents on the different channels listed on the website.

Problems with Betway Withdrawal: What Should I Do?

If you have verified your account and kept all the Betway policies then your withdrawal should be hassle-free. But still, you can encounter withdrawal problems when trying to withdraw.

  1. Delay in withdrawal due to bank error or website maintenance. This only happens on rare occasions, but when your withdrawal takes more than 48 hours contact the customer care unit.
  2. You can also encounter an issue when withdrawing more than your account limit. For payouts less than N250,000. You do not need to verify your account except if discrepancies are picked up by the Betway player security team. For payouts above N250,000 but below N500,000. You need to fill the verification documents sent to you by email. For payouts above N500,000. You will need to fill the verification documents and meet with a Betway representative.
  3. The amount to be paid exceeds the daily limit of the payment channel of your choice. In a case like this, the amount will be paid over a couple of days to accommodate this limit.
  4. Trying to withdraw from a dormant account. After 6 months of inactivity: either a deposit or a withdrawal, your account is considered dormant. All the funds in your account will be confiscated in the situation of dormancy and you can’t withdraw them.
  5. An error will occur when you try to withdraw money won from a free bet without satisfying the requirements. Make sure you wager your free bets on odds of at least 3.00 odds and 10 times the amount you deposited.
  6. If Betway suspects any illegal activity with your account, they can suspend your withdrawal process. Illegal activity such as underage betting or using betting for money laundering. Once you suspect your account has been suspended, contact them to rectify the error.

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Conclusion

Making a Betway withdrawal is a safe and secure process. The withdrawal time is standard in the industry and their wagering requirements for the free bets are withdrawal fair in the gambling space. The company has put processes in place to make sure that you can get your money into your account without any hassles. If you have any complaints, you can contact the Customer care agents on the website or through any of their social media channels.

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