BetKing is a major bookmaker operating in Nigeria under a local license. We will tell you about how to withdraw winnings from the account of this platform, and what limits and possible difficulties may await you in doing so.
BetKing Withdrawal Methods: How to payout
You will need a few actions to transfer your winnings to a personal bank account. Here’s how it works:
- Log in with your username and password.
- Navigate to the user settings and select “Withdrawal”.
- Enter the desired amount and choose your bank details.
- Click “Proceed” and your bank balance will be increased within 24 hours.
For the swift processing, you must add only bank details that match your betting profile information. A mismatch can lead to extended waiting times for the transfer to be addressed.
In addition, the bookmaker has a blog post that details how to take out funds on the official website.
Minimum and Maximum Limits
The minimum payout is 1000 NGN. This includes retail betting shops as well.
There are no daily ceilings for funds moved from the platform. However, all players have a maximum of four tries to submit a request daily. The maximum that you can take out from an online account is 10 000 000 NGN. There are no extra fees for submitting a withdrawal request. However, your banking institution may charge you a fee. Please make enquiries from your financial provider.
How Long Does Betking Withdrawal Take
All withdrawals at this bookmaker get instant processing. Ideally, payouts are instant, except for a few issues, which could take up to 24 hours. According to the bookmaker, payments to certain banks may take over 48 hours for approval due to network issues.
Welcome Bonus Withdrawal
As a welcome bonus, the bookmaker gives new users 500 NGN in Free Bet. You do not need to wager the bonus amount, but keep in mind that you can only take out the net winnings from the bet, but not the Free Bet amount. For example, if you bet 500 NGN on an event with odds of 1.50, your total winnings will be 750 NGN, but you can only withdraw 250 NGN ((500 x 1.5) – 500). The 500 NGN Free Bet bonus expires in any case.
Possible Issues
Here are some common issues you may encounter when retrieving money and how to solve them.
- Technical glitch. Most times, BetKing’s payment provider may encounter network delays in processing transactions. Hence, your payout request may get ‘stuck’ for a while. You may have to hold on for a while. You can retry your request after 24 hours if unsuccessful.
- Immediate deposit withdrawal. You must use a minimum of 60% of the total funds to place a bet before it becomes eligible for payout.
- Verification incomplete. Only accounts that have undergone the full verification process can undertake a funds transfer. This includes not adding the correct name or bank details. You should contact customer support to update your details.