Sports Betting
Betway Withdrawal Methods 2024: Fees, Limits, Problems
Uncover the Betway withdrawal time, minimum and maximum withdrawal limits, and all Betway withdrawal options in this detailed guide.
Betway withdrawals are fast, secure, and hassle-free. This Betway withdrawal guide will explore your payment method options and fill you in on the simple process of cashing out your winnings. We’ll cover other points of interest, too, including fees, limits, and the inevitable verification process. This will give you all of the information you need to make quick and easy withdrawals at Betway Sportsbook.
Step-By-Step Guide How to Withdraw Money from Betway
Cashing out your sports betting winnings at Betway is super straightforward. To help you get started, our experts have highlighted the necessary steps in the simple guide below:
- 1
After verifying your account, click the “Withdraw” option.
Image Credits: Betway
- 2
Pick your preferred Betway withdrawal option.
Image Credits: Betway
- 3
Input your desired withdrawal amount and finalize the transaction.
Image Credits: Betway
Withdrawal Options
Betway offers a withdrawal solution for almost anyone. Three of the most popular options are credit cards, debit cards, and Interac, which most Canadians already have. Of course, e-wallets like Payz and PayPal are popular these days as they generally offer the fastest payout times.
Instadebit and MuchBetter are two of the most frequently used online banking methods for those who wish to transfer funds directly between their sportsbook account and bank account.
Betway Withdrawal Times
Potential customers often ask: “How long does it take to withdraw from Betway?”. Well, it really boils down to which method you use. No matter which option you go with, it takes up to 24 hours for Betway to approve and process the withdrawal.
Once this is done, those who use an e-wallet should have near-instant access to their money. Meanwhile, those who use credit cards, debit cards, or online banking should receive their funds in 1 to 3 days. This is because those types of transactions must navigate the banking system before reaching your account.
Betway Withdrawal Times
| Withdrawal Method | Average Withdrawal Time |
| Visa/Mastercard | 1 to 4 days |
| iDebit | 1 to 4 days |
| Interac | 1 to 4 days |
| Instadebit | 1 to 4 days |
| MuchBetter | 1 to 4 days |
| Payz | 1 to 24 hours |
| PayPal | 1 to 24 hours |
Withdrawal Fees
One benefit of using Betway is that the betting site does not charge any fees for withdrawals. They are entirely free. Just remember that your payment provider may charge a small transaction fee.
Minimum and Maximum Withdrawal Limits
| Withdrawal Method | Betway Minimum Withdrawal Limit |
| Visa/Mastercard | $10 |
| iDebit | $10 |
| Interac | $10 |
| Instadebit | $10 |
| MuchBetter | $10 |
| Payz | $10 |
| PayPal | $10 |
Withdrawal Fees
One benefit of using Betway is that the betting site does not charge any fees for withdrawals. They are entirely free. Just remember that your payment provider may charge a small transaction fee.
Verification Process
As a part of its licensing agreements, regulated online gambling sites like Betway are required to verify the age, identity, and location of each customer. This is known as the verification process, and it is intended to prevent underage gambling, money laundering, and identity theft.
You have to complete this process before you can make a withdrawal. However, it is a very simple process that only has to be done once and merely requires you to provide Betway with copies of a couple of documents. In most cases, something like a valid driver’s license or passport, along with a recent utility or mobile bill, will suffice.
Once you submit the required documents, it should take between 24 and 48 hours for Betway to verify your account.
Betway Withdrawal Problems
Even though the vast majority of Betway withdrawals go off without a hitch, you may encounter some sort of issue when making a Betway cash-out request. If you are asking yourself, “Why can’t I withdraw on Betway?” we suggest that you consider a few possible reasons before contacting the support team.
The most common cause of withdrawal problems is that the customer has not been verified. It could be that you are engaged in a bonus or promotion and haven’t met the wagering requirements. You may have even mistakenly entered the wrong amount on the withdrawal slip. It may be something so simple as the site being temporarily offline due to maintenance.
With over a decade of experience writing about sports, sports betting, and iGaming, Luke has witnessed the industry’s evolution first-hand. A fan of football, blackjack and live dealer games, Luke is always keeping an eye on the sports betting and iGaming scenes.