In this article, we’ll tell you how to make a withdrawal from Betway. It is one of the most popular betting sites in Nigeria, with over 30 sports events, a casino, a virtual sports section and others. On Match.Center, there are other related articles to Betway such as How to Register on Betway and How to Play on Betway.
Betway Withdrawal Method: How to payout on Betway
The clients can withdraw winnings by logging in to their Betway accounts. Then go to the “My Account” widget and click on the “Withdrawal” button.
Betway offers customers plenty of options to deposit into their accounts such as Paystack, Opay, Quickteller, Flutterwave, GT bank, Bank transfer, Mtn MoMo, Credit and Debit cards, and Paga.
On the other hand, there are only two withdrawal methods: EFT and Paga. According to Betway customer support, withdrawals into Opay are currently unavailable.
Payout Betway to a Bank Account
Clients can withdraw their winnings from Betway to their bank accounts via EFT.
Login;
Visit the “Account” section;
Tap on “Withdraw Funds”;
Pick the EFT payment option;
Enter your bank account details;
Enter the amount you want to withdraw;
Click on the “Proceed” button.
The withdrawal process through EFT to your bank account takes up to 2 business days.
Minimum Withdrawal on Betway
According to customer support, the minimum withdrawal amount is 1000 NGN via bank transfer and 100 NGN via Paga.
The maximum payout on Betway is 25 000 000 NGN for a single bet and 50 000 000 NGN for a multi bet per bet slip. This information is verified in the terms and conditions section of the bookmaker’s website. To shed more light on the above information, clients must note that the maximum payout amount per sport varies and is fully decided by the bookmaker, as seen on their website.
The maximum withdrawal amount via bank transfer is 10 000 000 NGN. The maximum withdrawal through Paga is just 10 000 NGN.
Betway Maximum Withdrawal Per Day
The customer support states that the maximum withdrawal per day equals the maximum withdrawal amount, which is 10 000 000 NGN for a bank transfer and 10 000 NGN for Paga.
Betway: Withdrawal Time: How Long Does Betway Withdrawal Take
The withdrawal time depends on the payment methods but can take up to a maximum of 2 working days. You can contact Betway Nigeria customer support service if the delay lasts longer than 48 hours.
Betway Bonus Withdrawal
Betway provides a 100% Welcome bonus up to 100 000 NGN. You can withdraw the winnings from the Free bet without additional wagering, but note that you can receive a bonus from this bookmaker only after placing qualifying bets.
100% Welcome Bonus
Most prominent Nigerian betting sites reward their first-time users with a welcome bonus. The operators of Betway also behave similarly by giving new users on their platform a 100% welcome bonus.
To enjoy this bonus:
Register on Betway.
Make your first deposit.
Place qualifying bets of 10 times your deposit amount at odds of 3.0 or greater on Sports or Jackpots sections.
Meet the conditions within 30 days.
Only after you have completed the requirements will you receive the Free bet.
If a client's withdrawal requests on Betway have not yet been processed, then they can cancel the transaction and stop the withdrawal process. However, it must be within a few minutes of placing a withdrawal request because once it is processed, it can no longer be reversed or cancelled.
Here is how to cancel a withdrawal process on Betway:
Login to your Betway account via mobile or desktop;
Tap on the “Account” button;
Click on “Withdraw Funds”;
Search for your pending withdrawal request;
Tap on “Cancel Withdrawal”.
Betway Withdrawal Problem
Specifics of verification
In accordance with Nigerian gambling regulations, Betway may request your verification documents at any time.
Withdrawals less than 250 000 NGN are generally processed without the need for verification documents. They may request these documents if the security team finds discrepancies.
Betway will require your account to be verified if your withdrawal is more than 250 000 NGN, but less than 500 000 NGN. An email will be sent to you with the necessary documents to verify your account (if you haven't been verified yet).
A withdrawal amount over 500 000 NGN will require Betway to verify your account as well. In addition, before your winnings can be credited to your bank account, you must meet with a Betway representative.
The documents you need to provide are:
ID Document/Passport
Bank Card Front and Back
Bank Statement/Utility bill
The bookmaker’s requirements in their terms and conditions section.
Possible issues during withdrawals
There are several reasons why a customer might experience problems during withdrawal from any sportsbook. On Betway, here are some of the issues that punters can encounter:
Restrictions on withdrawals for unverified users. As stated above, the operators of this bookmaker can request verification at any time, most especially when there seems to be an irregularity in the user's account. This includes regular changes to the password and making huge withdrawal requests. Such an account might end up being suspended.
Infringement of the terms and conditions of Betway. When a customer violates the terms and conditions of this sportsbook, there might be some difficulty in withdrawing winnings and the bookmaker reserves rights to forfeit such earnings, if found fraudulent.
Maintenance issue. From time to time, the operators of this bookmaker usually maintain and upgrade the features on the betting site and its app. During such times, bettors might face issues with withdrawing until the maintenance has fully taken place.
Technical glitch. A technical glitch can occur on any betting site. However, if you experience difficulty in making withdrawals on Betway, you can contact customer support to be sure that it is a technical issue. Note that, a technical glitch on any betting site is often fixed as soon as possible. This is also similarly done on Betway.
The Bank Network or filling in wrong bank details. Withdrawal of funds might not be credited instantly into bettors' accounts owing to the network of the banks they are using. Often times, it could be a down-network issue from a certain bank and one might need to exercise a little patience for the money to reflect in the chosen withdrawal bank account. In addition, you can also experience a pending withdrawal when you enter a wrong bank account.
Why is my withdrawal request at Betway still pending?
Some factors may cause your withdrawal to be delayed at Betway. Some of these factors include entering an incorrect phone number during registration, violating the T's and C's of the betting site and more. To be certain of the cause of your withdrawal delay, it is best to reach out to the Betway customer support team.
How do I withdraw my Welcome bonus on Betway?
In order to get a Welcome bonus, you must meet certain conditions. But after that, there are no additional wagering requirements on the winnings from the Free bet. Customers can withdraw all winnings except the initial stake.
How long does it take to withdraw money from the Betway account?
It depends on the payment option the customer chooses to make a withdrawal on the betting site. This is because the withdrawal process time for each of the payment options might vary. Generally, withdrawals are processed within 24-48 hours.
Can I cancel my withdrawal request on Betway?
Yes, you can cancel the withdrawal request, but you must do it as soon as possible before the withdrawal request is processed. Note that once the withdrawal request is processed, it cannot be undone.
