Betway Withdrawal 101 – Everything you need to know to withdraw your money from Betway

26 June 2024

If you’re new to this bookie, you may be wondering how to make your first Betway withdrawal. Betway is known to process payments fast. At the time of this writing, Betway offers multiple ways to withdraw.

So you won’t face any hassles when requesting a withdrawal. In this article, we will mention some of the available payment methods and how you can conveniently withdraw your potential winnings on the site.

  1. 100% first deposit match up to R1000.00 as a Free Bet
    18+. The Betway Sports Welcome Offer gives customers a 100% first deposit match up to R1,000 credited as an Extra Bet. In order to qualify for the Betway Sports Welcome Offer, new customers must make a deposit and place sports bets equal to 3x (three times) the value of their first deposit at odds of 3.0 or more. The Sports Welcome Offer Extra Bet will be capped at R1,000. Full T&Cs apply. Full T&Cs
    • Mobile app for Android and iOS
    • Large variety of betting markets
    • Multiple bonuses


The Withdrawal Methods on Betway?

As we already mentioned, there are several ways you can make a withdrawal on Betway. However, the most popular options are:

  • Electronic Fund Transfer (EFT).
  • Vouchers, and
  • Wallets.

These options are also the same as the Betway deposit methods.

EFT Withdrawal

You can withdraw your money via EFT on Betway. In fact, this is one of the most popular options. With the EFT withdrawals, you’ll receive your money straight to your local bank account details.

Usually, EFT withdrawals are processed within 1 to 2 business days. It is safe, and sometimes the payments may be processed the same day, depending on your bank. The minimum withdrawal you can make via EFT and the Betway withdrawal limit you can check on the official website of the operator.

ABSA Cash Send

South Africans can also withdraw their money via ABSA Cash Send on Betway. So, if you can find an ABSA Cash ATM close to you, you’ll be able to receive your money.

One of the perks of this payment method is that you don’t need a bank account to withdraw on Betway. Instead, you’ll receive a Voucher and then use it to receive your money at the ABSA ATM. You’ll find the minimum withdrawal for ABSA Cash and the maximum payment on the operator’s website.

FNB eWallet

You can also request a withdrawal via FNB eWallet. This option is quite similar to the voucher payment from ABSA. However, unlike ABSA, Betway will send you a unique code and pin to withdraw your money when you enter the code and PIN at any FNB ATM, you’ll get paid.

Nedbank Send-iMali

You can opt for the Nedbank payment option on Betway. This way, you can receive your money at any of the Nedbank ATMs nearest to you. With the Nedbank Send-iMali, you can withdraw money free of any charges. Also, you don’t need to have a bank account with Nedbank to receive money from them.

Standard Bank Instant Money

Bettors can also opt for the Standard Bank Instant Money withdrawal. Like Nedbank, you don’t need a bank account to withdraw from their service. Also, withdrawals via Standard Bank usually do not come with charges. There is no Betway PayPal withdrawal option available at the moment.

How to Withdraw Money on Betway?

If you’re new to this bookie, one thing you should know is that their Betway withdrawal process is easy. This section will provide a step-by-step guide on how to complete your withdrawal request.

  1. Log in to your Betway betting account.
  2. Got to “My Account”.
  3. Tap on “Withdraw Funds”.
  4. Enter the withdrawal amount.
  5. Choose a payment method.
  6. Submit your withdrawal request.

Step 1: Log in to Your Betway Betting Account

Go to the login button at the top of your screen. Click on it to enter your Betway login details. You won’t be able to withdraw unless you have signed in.

Betway Withdrawal

Step 2: Go to “My Account”

The next step is to go to your account on the site. When you tap on it, you’ll see several options in this section, including the withdrawal option.

Step 3: Tap on Withdraw Funds”

Tap on”Withdraw funds” to begin the withdrawal process. You’ll be directed to the Betway withdrawal South Africa page when you go to the withdraw funds option.

Betway Withdraw Funds

Step 4: Enter Withdrawal Amount

Enter your withdrawal amount and make sure your betting balance is up to the Betway minimum withdrawal. Please note the minimum and maximum withdrawal for each of the different payment methods.

Step 5: Choose Your Preferred Payment Method

After entering your withdrawal amount, choose your payment method. You can choose the EFT bank transfer or other available Betway withdrawal methods.

Preferred Payment Method

Step 6: Submit Your Betway Withdrawal Request

After filling out the withdrawal form, submit it. Betway will begin processing your request immediately. Depending on the payment method you choose, your payment will be processed fast.

Important Information About Betway Withdrawals

Check out some important information about withdrawals on Betway.

Betway Maximum Withdrawal

One of the things you should know when requesting a withdrawal is the minimum and maximum amount you can request for. Depending on the payment method you choose, you can withdraw as low as R50 on the site.

However, the highest amount you can withdraw on Betway South Africa is R1 million, and that is only via EFT withdrawals.

Betway Withdrawal Time

Withdrawals on Betway are normally processed immediately when you submit your withdrawal request. Depending on the method you choose, the withdrawal time may vary. As such, you may receive your money within 2 hours or up to 2 business days.

Betway Withdrawal Cash

You can withdraw your money via cash on Betway. It is one of the betting sites that pay via vouchers and ATMs. You can make a Betway cash withdrawal at the nearest ATM with ABSA, Nedbank, and Standard Bank even without having a bank account.

Betway Withdrawal Problems

There are many reasons why people have experienced difficulty withdrawing. However, none of these withdrawal problems are a direct fault of the bookie. If you are having these issues, it could be for any of these reasons, and we will show you how to fix them.

  • Minimum Withdrawal Requirement

If you’re requesting a withdrawal below the Betway minimum withdrawal, it will be rejected. Ensure you check the minimum withdrawal amount for the different payment methods. If you make a request below this amount, Betway will reject your request.

  • Account Verification

If your betting account is new, you’ll need to verify your identity on Betway. The bookie will ask for your ID or passport, proof of address, and bank statement. If you send unclear documents, your account won’t be verified.

Also, your personal details must match your banking information. It is only when your account is verified that Betway will process your withdrawals. In the meantime, the bookie will limit your betting account until you’ve provided the required documents.

  • Wagering Requirement

If you received Betway’s welcome offer after the Betway registration, then it’s possible you haven’t met the wagering requirements. Usually, the bookie will ask that you wager the bonus money a number of times before you are eligible to withdraw it. If you fail to do so, you won’t be able to withdraw the bonus money. At the moment, there is no Betway sign up code available.

Conclusion

It is easy and convenient to withdraw on Betway, as the bookie is one of the most trusted gambling sites in the world. If you follow our withdrawal guide, you won’t have any hassles getting paid.

The bookie processes payments fast, and if you’re having any troubles, you can contact their support. They have a 24/7 customer support team that will help you resolve your withdrawal issues.

FAQs

Read some of the frequently asked questions.

How to withdraw money from Betway?

You can withdraw money on Betway via EFT, ABSA Cash Send, Nedbank, FNB ewallet, and Standard Bank Instant Money.

How long does Betway withdrawal take?

The operator processes payments usually immediately after the request. However, it can take up to 48 hours to receive it, depending on your payment method.

How to reverse withdrawal Betway?

You can reverse your withdrawal on Betway. However, it is only possible if you see the transaction is still pending. You’ll see the reverse option on the withdrawal page.

How to cancel withdrawal Betway?

It’s possible to cancel withdrawals if they are still pending. However, if it shows processed, then you can’t cancel it.