Betway Withdrawal Rules in South Africa

Betway is a popular bookmaker in South Africa, offering a range of betting options, including boosted odds, video streaming for top matches, and a cash-out option. If you want a comprehensive guide on Betway, you can read our detailed review and learn how to play with Betway. In this article, we will provide you with all the information to know how to cash out on Betway.

Betway Withdrawal Method: How to Cash Out on Betway

To withdraw funds from your Betway account, follow these steps:

  • Log in to your Betway account.
  • Navigate to your "My Account" tab.
  • Select the "Withdraw Funds" option.
  • Complete the withdrawal form by providing your bank account details.
  • Enter the amount you wish to withdraw and click "Proceed".

Betway offers several withdrawal methods, including:

absa logo

Absa CashSend Betway Payout

You can Betway withdraw funds using the Absa CashSend option. If you have received your unique 10-digit pin from Absa, you can withdraw your funds at any Absa ATM by entering your 10-digit pin and the generic Betway access code (238929). Using this option does not require an Absa bank account and withdrawals are free.

standart bank logo

Standard Bank Instant Money Betway Withdrawal

Betway also supports Standard Bank Instant Money for withdrawals. Standard Bank will send you a unique 10-digit PIN and 4-digit access code. When you receive your PIN and code via SMS, visit your nearest Standard Bank ATM or retailer. If you are using the ATM, enter the 4-digit code followed by the 10-digit PIN provided in the SMS or provide the details to a cashier at any of the above-mentioned retailers.

fnb logo

FNB e-wallet Betway Cash Out

With FNB Betway e-wallet withdrawal, you can transfer funds to your eWallet account. This option provides a convenient and secure way to move money. A confirmation SMS will be sent to you. Enter *120*277# and proceed as instructed. You can withdraw funds from any FNB ATM.

bank transfer

EFT (Electronic Funds Transfer) Betway Payout

EFT is another withdrawal option offered by Betway. You can transfer funds directly to your bank account. The processing time may vary depending on your bank.

1foryou voucher

1ForYou Voucher Betway Withdrawal

The 1ForYou voucher is a popular withdrawal method available at Betway. It is a prepaid voucher that allows you to convert your winnings into a voucher code, which can then be used for various purposes, including making purchases or funding your online betting account. The 1ForYou Voucher PIN will be sent to you via SMS and to your Betway inbox once your request has been processed. Use your voucher at your nearest 1ForYou merchant to purchase products.

nedbank logo

Nedbank Send-iMali Betway Cash Out

Nedbank Send-iMali is another withdrawal method offered by Betway. It allows you to transfer funds from your Betway account directly to your Nedbank account. Upon processing, Nedbank will send you an SMS with an OTP PIN.

Minimum Withdrawal on Betway in SA

There are different Betway minimum withdrawal South Africa requirements for each method. Here are the minimum withdrawal amounts for common methods:

  • 1ForYou Voucher: R5
  • EFT: R50
  • Standard Bank Instant Money: R200
  • Nedbank Send-iMali: R200
  • Absa Cash Send: R300
  • FNB e-wallet: R300

Betway Maximum Cash Out

Certain withdrawal methods have Betway maximum payouts in South Africa. Withdrawal limits are as follows:

  • EFT: R1 000 000
  • FNB e-wallet: R25 000
  • Standard Bank Instant Money: R5000
  • Nedbank Send-iMali: R4000
  • Absa Cash Send: R3000
  • 1ForYou Voucher: R2500

Betway Maximum Withdrawal Per Day

According to customer support, the Betway maximum withdrawal in South Africa per day for all methods is R25 000.

Betway Withdrawal Time: How Long Does Betway Withdrawal Take

Betway cash out generally takes between one and two business days to reflect in your bank account. If you have not received your withdrawal within two business days, you can contact Betway's support team at [email protected]. Please provide your username, the withdrawal request date, and the withdrawal amount for assistance.

Betway Bonus Withdrawal

To withdraw funds from your welcome bonus at Betway, you need to fulfill the following conditions:

  • Be a new customer of Betway and be over 18 years old.
  • Complete the registration process and undergo FICA verification.
  • Make a first deposit into your Betway account.
  • Place sports bets equal to 3 times the value of your first deposit at odds of 3.00 or higher.
  • Bets placed on casino, virtual sports, and betgames products do not contribute to fulfilling the bonus requirements.
  • Once the qualification criteria are met, the Free bet will be awarded, which is a 100% first deposit match up to R1000.
  • You have 30 days from registration to meet the minimum qualification criteria.
  • Any winnings from the Free bet will be added to your cash balance, minus the initial stake.

How to Cancel Withdrawal on Betway

If you wish to reverse your withdrawal and continue placing bets, you can contact Betway's support team. However, this is only possible if your winnings haven't been successfully transferred to your bank account by the finance team. Keep in mind that the entire withdrawal amount will be deposited back into your Betway account.

Betway Withdrawal Problem

During the withdrawal process at Betway, you may encounter certain issues or challenges. Here are some common problems that users may face and suggestions on how to resolve them:

  • Delayed Withdrawals: In some cases, withdrawals may take longer than expected to reflect in your bank account. This delay can occur due to various reasons, such as maintenance, banking errors, or additional verification checks. If your Betway withdrawal time is more than 48 hours, it is advisable to contact Betway's support team through their available communication channels.
  • Incorrect Bank Account Details: It is crucial to ensure that you provide accurate bank account details when initiating a withdrawal. If you enter incorrect information, such as an incorrect account number or branch code, the withdrawal may fail or be sent to the wrong account. To avoid this problem, double-check your bank account details before confirming the withdrawal request.
  • Insufficient Funds: If your withdrawal request exceeds the available balance in your Betway account, the withdrawal may not be processed successfully. Ensure that you have sufficient funds in your account to cover the withdrawal amount. If you encounter this issue, you may need to deposit additional funds or adjust the withdrawal amount accordingly.
  • Account Verification Requirements: Betway, like other reputable bookmakers, follows strict regulations and may require additional verification for certain withdrawal transactions. This verification process is conducted to ensure the security and integrity of your account and funds. If you are requested to provide additional documentation or complete further verification steps, promptly comply with the requirements to facilitate the withdrawal process.
  • Technical Glitches or System Errors: Occasionally, technical glitches or system errors may occur during the withdrawal process. These issues can range from website downtime to payment gateway malfunctions. If you experience any technical difficulties or encounter error messages while attempting to withdraw funds, it is recommended to reach out to Betway's support team for assistance. 

If you encounter any issues with your withdrawal, you can contact Betway through the following channels:

  • Chat to Live Support
  • Maxi Call: 0861 787 250
  • Facebook: /BetwaySouthAfrica
  • Twitter: @Betway_za
Live chat button on Betway ZA

Live chat button on Betway ZA

FAQs about Betway Withdrawal

What Withdrawal Methods Can I Use At Betway?

Betway offers several withdrawal methods, including Absa Cash Send, Standard Bank Instant Money, FNB eWallet, and EFT.

I'm having Betway Withdrawal Problems. What Can I Do?

If you are facing any withdrawal issues, you can read our Betway Withdrawal Problem section or contact Betway's support team directly through various channels, such as live chat, phone 0861 787 250, or social media (Facebook or Twitter).

Can I Change or Cancel Withdrawals At Betway?

Yes, you can contact Betway's support team if you wish to reverse your withdrawal request. However, this can only be done if the funds have not been successfully transferred to your bank account yet.


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