Betway is an online bookmaker that offers gambling on multiple sports and games. Licensed by the UK Gambling Commission, the bookie operates legally. So, your deposit or winning amount remains safe.
Today, we will take a look at how Betway processes your withdrawals and what is the maximum waiting time. We will also give you some tips for safe banking and safe withdrawals from this betting website.
Deposit options at Betway
Betway accepts most of the banking methods. All the transactions on its website are SSL encrypted. So, both your banking details and personal information are safe.
You can use Visa/Master cards, e-wallets like Skrill, Neteller, PayPal, Trustly, and prepaid cards including Paysafe, or Astropay. All the methods instantly show the deposited amount in your betting profile.
Withdrawal options at Betway
We were discussing the deposit options at Betway because you need to choose the same for withdrawals as well. In some cases, Betway might not allow you to select the same transaction mode that you used to deposit. Then you can choose a different withdrawal method.
Requesting a withdrawal is easy at Betway. Login to your account, click “Banking” and then select “Withdrawal”. You will see all the available options to transfer the winning amount to a local account. Choose the preferred option, fill in the amount, and submit.
The money will reflect in your bank account within 24 to 72 hours. It might take up to 5 days if you initiate the withdrawal on a weekend or public holiday.
Things to know before initiating a withdrawal at Betway
Account verification: Before you withdraw any amount from Betway, you need to undergo a verification process. If your profile is not approved, then the withdrawal will not be processed. For a successful verification, you need to provide a government authorized ID and address proof. A passport or driver’s license works best as an ID proof. For address support, you can use utility bills like electricity, phone or water bill.
Payout cancellation: You can cancel or reverse the withdrawal amount in case you change your mood later. To take any such action, you need to login into your Betway gambling account and go into its banking section. Then, find the “Reverse Withdrawal” option and click on it. Within 24 hours, the amount will reflect in your Betway account.
Frequently Asked Questions
Is there any way to make the withdrawal process faster?
The withdrawal time depends upon the transaction method you use. With credit or debit cards the transfer might happen within 48 hours at least. However, you can get the amount in your local bank within 2 to 24 hours by using e-wallets like Skrill or Neteller. So, if you want faster withdrawal, then it’s better if you use any of these two online wallets.
How to contact the Betway support team?
In case you think that the withdrawal is longer than usual or you are not getting the right payout, then you can contact Betway support. The bookmaker has listed most of the common queries on its Help page. Read any of the related articles, scroll down and you will see the question; Was this article helpful? Click on No and it will show you another link to contact Betway.
Click on the green option that says Click here to contact us and it will display the live chat link.
When Betway cancels your withdrawal?
There are few reasons when the UK licensed bookmaker chooses not to release your payout. The first reason could be a fake ID or address proof that you submitted for verification. Players do such acts when they are underage or if Betway is not allowing them to bet due to any other illegal activities.
The second reason could be the source of your betting amount. If you are using fraudulent money to bet, Betway will know it and freeze your betting profile.
Betway is one of the best cricket betting site that offers fast processing of your withdrawals, especially if your account is verified. In case you think that there could be a problem, you can contact its customer support. If you think that the Betway service team is not helping you, then you need to contact the United Kingdom Gambling Commission.
Mayank Chowdhary is a professional online sports bettor and trader with over 5 years of experience in the industry. He is very passionate about cricket and knows ins and out of cricket betting. With this long experience, now he has decided to share his experience with other betting aspirants like you. Know more at the about me page.