Betway Withdrawal Time – Payment Method and How Long Does It Take
Betway is one of the biggest betting platforms in the UK, featuring all types of gambling, such as extensive casino and sportsbook. The UK Gambling Commission licenses Betway.
If you’re a sports betting enthusiast and want to place bets on Betway, we’ve got you covered. Keep reading our step-by-step guide on how to process Betway withdrawal. You will learn everything you need about the withdrawal process, such as available options, fees, and more. Upon finishing the article, you’ll feel confident in your knowledge about how to cash out your earnings with ease and successfully. Let’s get started!
Betway Betting Platform Overview
Betway has been a leader in the gambling industry since 2006. It operates worldwide, including the USA, Canada, Norway, India, Sweden, New Zealand, Belgium, Germany, South Africa, Ireland, Denmark, and more.
The online betting platform is user-friendly and makes it easy for everyone to get started. Betway offers one of the best bonuses in the industry. Betway casino, for example, welcomes new UK customers with a 100% Match Bonus of up to £50 on their deposit, not to mention the following promotions and rewards.
The website is well-structured and easy to use, as there is no unnecessary information. You will have a full menu on the top and another navigation below the main header. You will love the light theme that is not usual for most betting platforms.
Betway Withdrawal Options
Withdrawing money from your Betway account is easy from desktop and mobile. Login to your profile, choose the option “Bank” (desktop) or “Banking” (mobile) and then click on the withdrawal tab.
Next, you should choose your desired option for Betway cash out. Complete the process by entering the required data.
Remember that before withdrawal at Betway your winnings, you must complete the verification process. No worries. This simple procedure ensures your account is secure and prevents fraudulent activity. After verifying your account, you may proceed with the withdrawal process.
To make a withdrawal, all you need to do is to follow these simple steps:
- Log in to your Betway account.
- Click on the “Bank” option.
- Select “Withdrawal” and choose your preferred payment method.
- Enter the amount you wish to withdraw.
- Click on “Confirm” to complete the transaction.
The withdrawal process may take 24 hours to 5 business days, depending on your chosen payment method.
Congratulations, you’re now ready to enjoy your earnings!
How to Create Your Betway Account
Betway has a simple registration process. Let’s find out more about what it looks like.
Registration on Betway is straightforward and similar to that on most other gambling platforms. To register on Betway, you need to follow several steps:
Click on the “Registration” button at the top right side of the website or > Click Here <
A form divided into four sections will appear;
First, you must choose the Welcome Offer you would like to receive.
The next step will ask for your first title (Mr, Ms, Mrs), your name and surname, and your date of birth;
You will be transferred to the next section. Indicate your username, password, and email;
The next step will ask you for your contact details, including your Address line, City or Postcode, State, and mobile number;
You can also choose to select a daily, weekly, or monthly deposit limit to help with responsible gambling practices;
Check out the box and confirm that you are over 18;
The registration will finish, and you will receive a confirmation email, which is necessary to activate the account.
Betway Account Verification
Account verification is one of the most crucial processes punters must perform once they sign up for an account at Betway. The procedure involves sharing your verification documents with the operator for comparison purposes. Each detail on the documents should match your profile information to a tee for the verification process to be successful.
To verify your details, you should send Betway a scanned copy or a picture of one of the following documents:
ID Card – Both Front and Back,
Driver’s Licence – Photo, name, and signature,
Passport – Photo and the Cover Page,
To verify your address, you only need to send a scanned copy or a picture of one of the following.
Utility Bill – Where your name and address are visible,
Bank or Credit Card Statement – Again, name and current address should be visible,
Local Authority Tax Bill – Where name, address, and tax ID number are visible.
Notice that the documents verifying your address should be at least three months.
Betway Withdraw Methods
You will find different Betway withdrawal methods and here are some of the available options include:
E-wallets (PayPal, Skrill, Neteller, ecoPayz, Instadebit)
Credit / Debit Cards (Visa, Visa Electron, MasterCard)
Now let’s go over every withdrawal method available to help you make a more informed decision.
Transferring funds via a bank is a commonly used method for withdrawing large amounts of money. However, the downside to this method is the relatively long processing time.
Betway takes 1-2 business days to process your bank account and typically credits the funds to your account within 3-5 business days. Nevertheless, bank transfer remains a favorable option for those seeking to withdraw higher sums of money despite the wait time.
Although there are some differences in how they work, they are negligible when withdrawing money from Betway. By providing basic details, you can enjoy swift withdrawal times at Betway, possibly within just two hours, although it is also possible to withdraw using PayPal within 24 hours. NETELLER likewise takes the same amount of time as PayPal for Betway withdrawals. There are also additional security features such as encryption, fingerprint ID and two-step verification. It’s fast, easy to use, and secure. However, e-wallets have a couple of downsides, as they come with small fees. The lack of additional costs from Betway’s side doesn’t imply that payment providers will charge fees. However, all of them are under 4%, with NETELLER offering fees of 3.99% and PayPal offering 3.4%.
Debit/Credit Cards (Visa and Mastercard)
Betway accepts debit card and credit card withdrawals. The processing times range from 2-5 business days.
It’s important to note that some banks may charge fees for transactions made with a debit or credit card.
Other International Payment Methods at Betway
Specific payment methods such as PayPal are considered to be international options.
Betway customers can access other payment methods in other parts of the world, including Interac, Neosurf, Paysafecard, ecoPayz, ecoVoucher, Flexepin, iDebit, and INSTADEBIT, to only mention a few.
Suppose you’re looking for payment methods outside the UK. In that case, there are plenty of options, and the favourable policies regarding fees and limits remain unchanged for every international version of their website we reviewed.
Withdrawal Methods Not Supported by Betway
Please note that Betway does not support every withdrawal method. Some methods may seem unusual to us and, therefore, not be supported by Betway.
The following withdrawal methods are not available at Betway:
Betway does not provide Apple Pay as a withdrawal option, exclusively available for iOS users.
Even though cryptocurrencies have gained prominence as a withdrawal option, only a few betting companies offer this payment method, and Betway is not among them.
How Long Does a Withdrawal Take?
Each withdrawal method provided by Betway has specific withdrawal limits and timeframes. The payment method you choose will determine the minimum and maximum withdrawal amounts. Typically, the minimum amount is $10, while the maximum amount per transaction can reach $4,000.
Withdrawals from Betway are free, but certain payment providers may charge a transaction fee. Thus, confirming with your payment provider regarding any fees is crucial before making a withdrawal.
The table below outlines the withdrawal time and limit associated with each provider.
|💳 Debit Card, Visa, MasterCard||1 – 2 Banking Days||£5.00||N/A||Free|
|💳 Debit Card – Visa Direct||12 Hours||£5.00||N/A||Free|
|📱 PayPal/ NETELLER||Up to 1 Day||£5.00||N/A||Free|
|💰 Bank Transfer||3 – 5 Banking Days||N/A||–||Free|
When it comes to promotions, Betway likes to keep things down to earth, and is generous with its terms and conditions. This means that in many instances you don’t have to worry about wagering requirements, whereas you might for other operators.
Some issues might appear despite being very easy to withdraw money from Betway.
That’s why Betway has a customer support team available 24/7 via live chat, email, and phone.
Their customer support team is knowledgeable and always ready to answer any questions. The team somehow always manages to devise solutions to common problems.
Betway’s withdrawal is an easy process that provides various options to cater to the different needs of its users. Betway is a trustworthy and safe website, which also applies to its withdrawal protocol. By following the simple steps outlined in this guide, you can easily withdraw your winnings and enjoy your sports betting experience.
Is Betway safe?
Betway is a trusted and legit online betting platform with complete licensing and player protection from the Malta Gaming Authority and UK Gambling Commission.
Does Betway charge any withdrawal fees?
No, Betway does not charge any withdrawal fees. However, some payment providers may charge a transaction fee.
Does Betway payout?
You can withdraw from your account anytime, but only from your natural money balance.
How long does Betway take to pay out?
When Betway has verified the bank statement and the details provided by the player, it takes 1 to 2 working days for the funds to arrive in the user’s bank account.
Can I contact Betway customer support for assistance with withdrawals?
Yes, Betway offers 24/7 customer support via live chat, email, and phone, and their customer support team is knowledgeable and always ready to assist with any queries you may have.