Last Updated: 22 January 2025, Author: AceOdds.com
Bettors can withdraw funds from Hollywoodbets using simple withdrawal methods. The platform provides payment options that players use regularly.
This guide highlights the available withdrawal options, their processing time, and how to withdraw the welcome bonus on Hollywoodbets.
Our research has shown that Hollywoodbets provides a number of withdrawal options. The table below gives more insights.
Method | Processing Time | Min | Max | Fee |
---|---|---|---|---|
Bank Transfer | 1 - 3 Business Days | R50.00 | - | Free |
e-wallet | Up to 24 Hours | R100.00 | - | Free |
1Voucher | Instant | - | - | Free |
![]() Paytm | Instant | - | - | Free |
Visa Fast Funds | 1 - 3 Business Days | - | - | Free |
EFT is one of the popular payment methods in South Africa. It is also available for players to make their Hollywoodbets deposits. The betting site processes withdrawals within 24 hours. However, the Hollywoodbets EFT withdrawal time is subject to banking hours.
To use this method, provide a South African bank account with the same name as your name registered on the betting site. The bookmaker does not allow withdrawals into international bank accounts. The minimum amount allowed for EFT withdrawals is R50.
Bettors may claim their winnings on Hollywoodbets using Cash Send. Available options include FNB eWallet, Standard Bank Instant Money, ABSA Cash Send, Nedbank Send-iMali and Mobimoney. Each method processes withdrawals within 72 hours.
The betting platform processes withdrawals only to South African cell phone numbers linked to active Hollywoodbets accounts. Players who change their phone numbers before withdrawals will undergo another verification check. To withdraw their cash, customers must go to stipulated retailers or ATMs.
Players may also withdraw their funds from Hollywoodbets betting outlets nationwide. They only need to visit one of the betting platform's outlets to claim their winnings. However, for safety purposes, the maximum withdrawal amount is R5,000. Any withdrawal requests higher than that must be processed via electronic transfer.
Also, cash payments for winning tickets are pegged at R10,000, depending on cash availability at the outlet. All cash withdrawals require presenting a valid identity document.
Hollywoodbets offers various bonuses to both new and existing users. Many customers sign up to play games on the platform because of the promotional offers.
To start your journey on Hollywoodbets, you can claim a R25 sign-up bonus and 50 free spins. The good news is that you don't need to make a first deposit to get the offer.
However, the bonus is subject to specific wagering requirements before players withdraw it. For instance, the Hollywoodbets welcome bonus has a 1x turnover at odds of 5/10 (0.5) or more. The 50 free spins are fixed at 60c per spin. In addition, the maximum actual money payout allowed from this bonus is R1200 per player.
To withdraw your Hollywoodbets bonus, follow the steps below.
Players sometimes encounter problems processing their withdrawals on Hollywoodbets. We've highlighted some of these problems below.
You may face some challenges withdrawing your winnings from Hollywoodbets for several reasons. The first is identity verification. All users must complete FICA verification by submitting a copy of their identity document. They will also need a proof of address document. This is a compulsory step before withdrawing funds from all South African betting sites.
Another problem could be incorrect phone numbers. The betting site will only process withdrawals into phone numbers associated with a Hollywoodbets account. If you want to change your mobile number, you must undergo another verification.
We've also discovered that each payment method has minimum and maximum limits. You must stay within these limits for a successful withdrawal process. In addition, players must fulfil wagering requirements for bonuses before withdrawing the bonus.
Despite providing suitable withdrawal options, like the Hollywoodbets ewallet options, adding other payment methods would certainly be an improvement. For example, PayPal and PaySafeCard are unavailable. These payment options enable customers to deposit and withdraw instantly.
Other withdrawal options we recommend include cryptocurrencies like Bitcoin, Ethereum, Solana, and Avax. This method allows for anonymity. Hollywoodbets should also add internationally accepted options like AstroPay, Skrill, and Neteller. This allows for the inclusion of more customers.
Like other top betting sites, Hollywoodbets has rules for withdrawing funds from the platform. This includes the withdrawal time, limits, and other restrictions. Our experts have detailed them below.
The minimum withdrawal amount allowed on Hollywoodbets depends on your payment method. For our findings, players can withdraw as low as R50 using EFT and 1Voucher. On the other hand, Shoprite Money Market App, ABSA Cash Send, FNB eWallet, and Standard Bank Instant Money allow a minimum withdrawal of R100, while Nedbank Send-iMali and Mobimoney is R200.
The maximum payout allowed on Hollywoodbets is R1,500,000 per day. However, players can only withdraw R25,000 monthly across payment methods like 1voucher and Cash Send.
The maximum payout allowed on Hollywoodbets also depends on your payment option. For example, 1Voucher enables a maximum of R1,000, while the maximum cash withdrawal allowed is R5000. On the other hand, withdrawals via Standard Bank Instant Money, FNB eWallet, ABSA Cash Send, Nedbank Send-iMali, and Mobimoney have maximum Hollywoodbets cash out of R3000 daily and R25,000 monthly.
Hollywoodbets offers different deposit methods, each with a minimum and maximum deposit amount. However, unlike the other betting platforms in the country, players can deposit as little as R1 on the betting platform.
Hollywoodbets processes withdrawals immediately after receiving requests. However, withdrawal time depends on your chosen method. For instance, Hollywoodbets EFT withdrawal time is within 24 hours. 1Voucher and Shoprite Money Market App also have a 24-hour processing time. While cash withdrawals are immediate, withdrawals via Cash Send take about 72 hours.
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