How to Make a Withdrawal From Betway?
Betway has a convenient payout process, which you can complete with the following easy steps:
- Sign up or log in to your Betway Nigeria account
- Click/tap the ‘My Account’ button
- Choose ‘Withdraw Funds’
- Select your preferred Betway withdrawal method: EFT (bank transfer), OPay and Paga
- Enter all the details required, including amount, account number, e-wallet account, etc.
- The operator credits your account within the processing time of your chosen method.
What are the Withdrawal Methods at Betway Nigeria?
There are 2 broad Betway withdrawal methods during this review: EFT electronic funds transfer) and Mobile Money. EFT represents money transfer by Betway to most Nigerian banks. If you choose EFT, you must enter your bank account details during the payout request process.
On the other hand, Mobile Money includes leading mobile money operators in Nigeria, such as OPay, Paga, MTN Momo, PalmPay, etc. The table contains various payout methods, minimum and maximum withdrawal limits, processing time and fees.
What are Betway Withdrawal Rules?
Betway offers the cash-out feature on most matches. When you cash out, you can keep your money in your betting account for use on subsequent fixtures. Alternatively, you can withdraw your cashed-out funds directly to your bank account or mobile money account. The highest amounts you can win per betslip on single or multi bets are ₦25,000,000 or ₦50,000,000, respectively.
Betway Nigeria mandates you to verify your account by submitting certain required documents before you can receive a payout. The documents include a valid ID document, recent utility bill payment, proof of deposit method (debit cards), etc.
Also, Betway requires all bettors to withdraw with the same payment method used when depositing funds, if possible. If this isn’t possible, you’ll select another payout method from the cashier. According to the rules, your chosen withdrawal method must tally with the name on your Betway account.
Potential Issues With Withdrawing at Betway
As a prominent bookmaker in Nigeria, Betway takes all compliance procedures seriously. Thus, violation of stipulated Betway rules will often result in problems for punters. So, you should read the terms and conditions meticulously and stick to them at all times to avoid payout issues. Issues often arise as a result of the following:
- Irregular betting practice. The online sportsbook won’t allow you to withdraw if it discovers that you won money by cheating the system.
- Unsatisfactory verification. You must tender all required KYC documents to Betway’s full satisfaction; otherwise, you won’t withdraw funds.
- Deposit wagering and bonus wagering. You must wager your deposit amount sufficiently before you can request a withdrawal on your winnings. If you don’t do this, Betway will impose a charge it considers suitable for such a withdrawal.
- Withdrawing more than your lifetime deposit. If you withdraw an amount over 5x higher than your lifetime deposit, the bookmaker will limit how much you can withdraw subsequently.
FAQ
How long does it take to withdraw from Betway?
Mobile money payouts show up in a few hours. Bank transfers may take up to 24 hours to arrive in your account. Generally, Betway’s payout time is between 24 and 48 hours.
What is the withdrawal limit for Betway?
The withdrawal limit is between ₦2 and ₦1,000,000 – depending on your payout method.
Which withdrawal method is best from Betway?
All the payout methods are great, and you can perform online or app withdrawals. If you want fast payouts, mobile money methods might be better. However, if you want big payouts, bank transfer is preferable.
Can I cancel my withdrawal request on Betway?
You can cancel your payout request during the time you’re required to submit verification documents. You can’t cancel after Betway has successfully processed your request.
