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In this article, you'll get all the important information on how to withdraw money from Betway online. If you are interested in other info on this sportsbook, please read our full review.
How to withdraw money from Betway account
This process is fairly easy for both desktop and mobile users. When you log on to your profile, choose the option "Bank" (desktop) or "Banking" (mobile) and then click on the withdrawal tab.
Choose your desired option for Betway cash out, and complete the process by entering the required data. All the requested withdrawals are moved to the short queue, and after they are processed by Betway's payments team, the time needed for the transaction to take place depends on your chosen method. At any moment, you can check the status of your transaction by accessing "Transaction History" in your user section.
Important information about Betway withdrawals
Betway withdrawal options
Betway offers a wide variety of payout options, including all of the most popular methods like various eWallets (PayPal, Skrill, Neteller, ecoPayz, Instadebit), credit/debit cards (Visa, Visa Electron, MasterCard), or directly to your bank account. The options may vary depending on the country you are in, but there is always plenty to choose from. Keep in mind that the minimum Betway withdrawal limit is 10 GBP/EUR/USD or equivalent.
Betway withdrawal time
Depending on your chosen Betway withdrawal method, it may take from 2 hours up to 3 business days for your money to reach you after the system's approval:
- Betway e-Wallet withdrawal: 2-24 hours
- Betway debit card withdrawal: 2-3 business days
- Betway bank transfer withdrawal: 2-3 business days
Please note that if you made your payout request late on a Friday afternoon or over the weekend, many banks will process your transaction from the following Monday, so calming your money will take some more time.
Betway withdrawal fees
Betway does not charge you for making a withdrawal, however, as additional fees may be implied by many payment systems, you should check with the desired provider, whether you will encounter any unexpected fee.
According to the regulations in certain countries (for example UK and Ireland), players must be 18 or older, so Betway uses a process called Know Your Customer (KYC). It allows them to automatically verify your account in most cases, without any effort on your behalf. However, if they are unable to do so, they will ask for some kind of ID before processing your payout.
Additional relevant information
When you initiate the withdrawal, Betway will always try to process your request using the same payment method you used for depositing. If for some reason, that isn't possible, you will receive your funds via your preferred method of payment. In order to ensure smooth and fast cash out, please make sure that your desired payment method will be able to process both your deposit and withdrawal.
How to cancel withdrawal on Betway
If for some reason you want to cancel your request for cash out, you will have limited time to do that. You can reverse the whole amount or part of it, while your request is still pending, but once it has been approved and the processing has started, you will no longer be able to change your mind.
Solutions to the most common problems
We made a list of the most common problems you might encounter while claiming your money and the ways of dealing with them.
Is your account verified?
As we've mentioned before, Betway attempts to electronically verify your age and account, however, if they fail to do so, they will ask you to provide proof of identity, before you can get the hold of your money.
Have you met the play-through requirements?
Make sure that you are attempting to withdraw your cash balance because any Bonus Balance or a Free bet cannot be cashed out. After you convert your bonus to Betway cash balance, by meeting the play-through requirements, you can then opt for the payout.
Are you trying to cash out less than the minimum required amount?
The minimum withdrawal on Betway you can claim is € 10 or currency equivalent, so ensure that you have enough cash balance before requesting a payout.
Sometimes, the most common problems can be easily solved, so always try some of these solutions first, if you cannot access or use the website:
- Attempt to access the bookmaker's website using a different internet browser
- Check whether you have installed the latest version of your browser
- For some features to work properly, you'll need to disable your pop-up blocker, if you are using one
- Ensure that you have the latest versions of Java and Adobe Flash Player installed
- If the problem persists, try clearing cache and cookies of your internet browser
If you come across any problems not listed here, contact Betway's customer service for support.