Betway withdrawal methods, & “How-to guide”

BetWay Withdrawal methods

BetWay were founded in 2006 and are today one of the leading global brands in online betting and gaming. They operate across a number of regulated markets around the World employing a total of 600 staff. They have a first class payment processing system in place accepting all the local methods relevant to each region, therefore several deposit methods and withdrawal methods are available in the UK.

Betway Withdrawal options and limits

Withdrawal Method


Fee

Processing time

Min limit

Max limit

Debit Card

(Visa or Mastercard)

Free

1-5 days

£10

N/A

PayPal

Free

1-5 days

£10

N/A

Rapid Bank Transfer Free

1-5 days

£10

N/A

Betway Withdrawal Methods – Debit Card

At Betway you can use Visa and Mastercard debit cards, but you can NOT use a credit card to deposit. The minimum deposit amount is £5 per transaction and there is no maximum unless you have set deposit limits in your safer gambling settings. You can only deposit money into your account if the card is registered in your name and payments will always be paid back to the card. There is no fee to use debit cards at Betway as long as the deposit has been turned over at least once.

Betway Withdrawal Method – PayPal

PayPal is a well known E-Wallet in the UK because of EBay. In the Gambling World though it was late to the party and has only recently begun to be accepted. It is the fastest method to use as it has an expected same day withdrawal time. Withdrawing money is always free and if you are looking to ringfence your gambling spend then PayPal is the way to go, both Skrill and Neteller not being accepted.

Betway Rapid Bank Transfer

The withdrawal method most used when there is no alternative way to transfer money. It is a direct bank transfer into your bank account. These are free but are likely to have a slightly longer payout time than using the other available methods. You can only withdraw back to a bank account in your name and it is likely extra ID documents will be required from you.

How long does a withdrawal take?

How long a withdrawal will take is dependant on a number of factors and will vary from case to case. The main factor to affect your withdrawal time is the method which you use, but other issues are the amount you withdraw and the time and day you send the withdrawal request. Pending withdrawals may be processed quickly but banks will have their own processing times independent of Betway. Whether or not this is your first withdrawal will also play a large part. As a rule though it should take no longer than 2 or 3 days to receive your money.

Step by Step Guide

How to make a Betway Deposit

  1. In order to deposit into Betway you must first of all be logged into your account, and then in the top right will a green “Bank” button next to your balance and username. Click on this.
  2. Inside the banking panel you will see two options, “Deposit” and “Withdraw”, from the deposit panel you will see all the different deposit methods available to you.
  3. Once you have decided what method to use enter the amount that you wish to deposit. After entering the amount you wish to deposit you will have to enter some account details.
    In this example we are using a debit card so you need to enter: A) Your card number
    B) The card expiry date
    C) Your name is pre filled in and must match that of your card
    D) The security number on the back of the card
    Your address will be pre filled in for you also but you can edit it if necessary. When everything is as it should be, click on “Deposit”.

How to make a Betway Withdrawal

  1. To withdraw from Betway you must be logged into your account and then select the “Bank” option from the homepage.
  2. You will then be taken to the Banking tab and you should choose the withdrawal option from the right.
  3. Enter the amount that you wish to withdraw and then confirm. The money will return to your last deposit method as default. If you wish to withdraw profits to another method you can contact the Betway customer services team.

Frequently Asked Questions

How to view my withdrawal history?

To view your withdrawal history at Betway you need click on your account username in the top right to bring up all of your account options. From this drop down menu at the bottom you will see the option “Transaction History”, click on this to open a page with all you recent deposit and withdrawals listed.

What is the Minimum deposit and withdrawal amounts?

The minimum amount that can be deposited in one transaction is £5, this is regardless of which method you choose to use. The minimum withdrawal amount is the same, also £5.

How can I cancel a withdrawal?

Once you have asked to withdraw funds and it is pending it is no longer possible to cancel it. This is a UK Government regulation all licenced bookmakers must adhere to.

I am having problems with my withdrawal, what can I do?

Should you face any problems when trying to withdraw, for example you have been waiting a while and the payout time is now longer than advertised, then it is best to contact the Betway customer service department. They will be able to identify if perhaps you have not met one or more of the payout rules, and assist you in getting the withdrawal paid.

Is Paypal accepted?

Yes, PayPal is an E-Wallet supported by Betway. Previously Neteller and Skrill were accepted but they have been stopped now, leaving PayPal as the only non traditional banking method available for you to use.