How to Withdraw From Betway

The Betway withdrawal setup is a critical element of the operator’s services. Consequently, we take an in-depth look at the withdrawal instruments bettors can use on the Betway platform.

As we proceed, our review examines the methods, processing times, and possible challenges associated with cashing out funds. After thoroughly researching the bookmaker’s withdrawal options, here’s what we found.

We begin our betting review by giving you a holistic view of the various withdrawal methods available on Betway. After completing our investigations, here are the withdrawal methods we found on Betway.

Popular Withdrawal Methods

Having detailed the various withdrawal options available on Betway, we focus on those with the widest acceptance in this section. We have thoroughly researched each Betway withdrawal option and here are the most popular ones.

EFT (Electronic Funds Transfer)

Cashout takes 1-3 days. Expectedly, Betway EFT withdrawal is the most popular option among bettors. Firstly, the withdrawal method is secure and offers the highest payout limit.

Additionally, this Betway withdrawal has the longest processing time, taking up to three days. Finally, Betway charges no fees and has cashout limits of R50 R1,000,000.

FNB eWallet

Get funds within 24 hours. This eWallet withdrawal is much quicker than the EFT, allowing bettors to withdraw funds from FNB ATMs. It has moderate payout limits and attracts no charges from Betway. Notably, Betway processes your transactions within a day.

Absa CashSend

Get funds within a day. This is another bettor’s favourite. Positively, bettors can get their withdrawals from Absa ATMs without a bank account. Moreover, the withdrawal option has no charges and provides satisfactory cashout limits.

Standard Bank Instant Money

Receive cashout within a day. Like its two predecessors, this is a bank ATM withdrawal method. In this case, bettors can withdraw their funds from Standard Bank ATMs. It has a shorter Betway withdrawal time like the Absa CashSend and FNB eWallets.

1ForYou Voucher

The 1Voucher is popular across many operator platforms and allows bettors to withdraw quickly and seamlessly. Interestingly, it has lower payout limits of R100 and R3,000. Like other Betway withdrawal options, it also comes with no transaction fees.

How to Withdraw Betway Bonus?

Withdrawing your Betway bonus is easy once you have met the operator’s basic conditions. These include steps to claim the bonus, bonus conditions, and wagering requirements. Notably, bettors do not need a promo code to access the Betway bonus.

Afterwards, you can cash out your bonus winnings using any Betway withdrawal method you choose. Finally, the maximum winning you can receive from the Betway bonus is R1,000 using the Sign Up Code.

Betway Withdrawal Rules in South Africa

The first withdrawal rule at Betway is, no FICA verification, no withdrawal. All bettors must FICA-proof their betting accounts. Without this, you cannot withdraw from Betway. Here, we focus on more intricate rules like those below.

What is the minimum withdrawal for Betway?

Betway allows bettors to withdraw between R50 to R1,000,000. This is a function of your withdrawal method. The Betway EFT method has the lowest withdrawal limit, offering R50. Other methods offer minimum withdrawals of R100, R200 or R300.

What is the maximum payout on Betway?

Bettors can cash out up to R1,000,000 using EFT. However, other Betway withdrawal methods are not as high. To clarify, FNB eWallet allows a maximum withdrawal of R25,000, while others offer R3,000 or R5,000.

In the end, your maximum payout depends on your withdrawal method.

Betway maximum withdrawal per day

The Betway daily withdrawal limit varies from one payment method to the other. Again, EFT allows bettors to withdraw the highest amount; allowing up to R1,000,000 daily.

Notably, other methods have significantly lesser maximum withdrawal limits than EFT. 1Voucher, Absa CashSend and Nedbank Send-iMali offer a max of R3,000.

What is the minimum deposit on Betway?

Betway’s minimum deposit is not fixed. Rather, it is subject to your deposit method. Bettors can deposit funds on Betway as low as R1, R2, R5, R10, R20 and others R50.

1Voucher and MTN Momo have the lowest deposit limits, R1. Unsurprisingly, bank EFT deposit methods come in with a R50 minimum deposit.

How long does Betway withdrawal take?

The Betway withdrawal processing time varies. While most methods offer same-day withdrawals, EFT has a processing time of up to 36 hours. Our evaluation revealed that 1Voucher and bank ATM withdrawals are swiftest and offer the least Betway withdrawal times.

Betway withdrawal problem

Coupled with withdrawals is the hassle of withdrawal issues. While these are rare and uncommon, they can occur once in a while. However, in this section, we disclose things you need to know to have a pleasant withdrawal experience.

Why can't I withdraw from Betway?

As stated previously, the foremost hindrance to withdrawal is using an unverified account. You can resolve this by logging into your Betway account and submitting your FICA documents.

Other common Betway withdrawal problems we discovered while investigating include account name mismatch and incorrect banking information. Clearly, these are man-made errors you can correct by patiently filling out information when required.

Finally, more advanced reasons are suspended accounts and technical glitches. For this category, we recommend you contact Betway support for assistance.

By paying attention to these, you can reduce or altogether eliminate the reasons why your Betway withdrawals were not received.

Unavailable Withdrawal Methods

Betway South Africa is an astute bookmaker. As seen at the beginning of our review, the operator offers tailored withdrawal solutions for South African bettors. However, the analysis we made identified some unavailable withdrawal methods.

For instance, withdrawal methods like bank (credit/debit) cards, cryptocurrencies, PayPal, Skrill, and Neteller were unavailable. Perhaps, the reason is that these payment methods appeal to a wider international audience rather than localised bettors.

Despite this, we rate the Betway withdrawal highly and consider it a commendable bookie.

Lastly, we discuss and answer questions regarding Betway’s withdrawal. You can read and get answers to these below.