How to Withdraw Money from Betway South Africa

Betway offers players the best casino games and betting in South Africa. The well-known bookmaker provides consumers with enticing gaming options and promos, from their jackpot slot bonuses to their 100% welcome bonus. With live sports betting in particular, Betway provides users with excellent sports betting services. Players will likely leave with some wins because there are so many chances to win. Additionally, players need to be able to withdraw their winnings to enjoy them. We will now examine the various withdrawal alternatives offered by Betway.

 Withdraw from Betway
1

How Do I Make a Withdrawal with Betway?

Betway South Africa Withdrawal
Betway Withdrawal

If you are wondering how to make a withdrawal then you’ve come to the right place. Betway funds can be accessed by following these steps:

  1. Log in to your Betway account;
  2. Locate “My Account” and Select “withdraw funds”;
  3. Choose Your withdrawal method;
  4. Enter required details;
  5. Authorize or complete redeem number;
  6. Complete final step, Authorization.
Withdraw Money from Betway
2

What are the Different Ways to Withdraw from Betway in South Africa?

What is great about Betway betting is that getting your funds is possible in many ways, and players can use the most convenient withdrawal methods available to them. Whether it's a banking method or otherwise, players can be sure that each method is safe. It must also be noted that there might be withdrawal funds at different times, meaning players must read through the withdrawal methods.


2.1

Via EFT

The EFT withdrawal method is a secure way to receive funds, as players are getting funds straight to their banking accounts. This method requires players to know their bank details and enter them to start the withdrawal process. The EFT method is a very common withdrawal method.


2.2

Via FNB eWallet

The FNB e-wallet method is a good direct option, as players get the funds into their e-wallet account. By following the withdrawal procedure, players can get there within a short time. Players need to select the FNB ewallet, the amount they want to withdraw, and importantly their mobile number. They then need to wait for a confirmation message to complete the transaction.


2.3

Via Absa CashSend

Betway users have an Absa cash send option, and should they want to withdraw using this method, they do not have to go through much before receiving their funds. They simply need to pick the option when withdrawing alongside the amount and their phone number. They then receive a 10-pin code they should use at an Absa ATM.  


2.4

Via Standard Bank Instant Money

The Standard Bank Instant Money method is another Betway withdrawal method. Users can get their funds by choosing the option and going ahead to select their mobile number and withdrawal amount. After that, it is a matter of waiting for Standard Bank to send the unique 10-digit PIN and 4-digit access code. After receiving your PIN and code via SMS, visit your nearest Standard Bank ATM or one of the following retailers: Spar, Makro, Game, Builders Warehouse, Cambridge Food, and Rhino stores. At the ATM, enter a 4-digit code followed by the 10-digit PIN provided in the SMS or supply the cashier at any of the abovementioned retailers with the details.


2.5

Via 1ForYou Voucher

This voucher method to withdraw funds requires players to use their mobile numbers, where they will have to wait 24 hours for the transaction to process. Once processed, you will receive your 1ForYou Voucher PIN via SMS and in your Betway inbox. You then visit your nearest 1ForYou merchant and use your voucher to purchase products sold by the merchant.


2.6

Via Nedbank Send-iMali

By choosing the Nedbank Send Imali option, players are able to withdraw their funds from a Nedbank ATM. They do so by using a code they receive from Nedbank when they have entered their withdrawal amount and phone number. This is another method that requires users to physically complete the withdrawal transaction.

Withdraw Money from Betway
2.7

Betway Withdrawal Methods

MethodMin Withdrawal limitMax Withdrawal limitProcessing TimeFee
Absa CashSendR 100R 3000Within 24 hoursR 2.50 for R 100
Standard Bank Instant MoneyR 100R 3000Within 24 hoursR9 50 - 500
Via 1ForYou VoucherR 100R 3000Within 24 hoursR8 100 - 1000
Via Nedbank Send-iMaliR 100R 3000Within 24 hoursR 2.30 for R 100
Betway Voucher Deposit Guide
Betway Voucher Deposit Guide
3

Restrictions and Conditions for Withdrawing from Betway in South Africa

Withdrawing is rewarding as you get to receive your winnings, but there are conditions attached to withdrawing that players must know about.


3.1

Withdrawal limits

Users are aware that they are unable to withdraw more or less than the amount that Betway has set. The EFT transfer option might be your best option if you wish to withdraw up to R1 million. However, other withdrawal options have a much lower limit than EFT. The minimum withdrawal amount is R100, so users cannot withdraw a lesser amount.


3.2

Betway Withdrawal Time

Typically, Betway starts handling your withdrawal as soon as you send in your request. It does not, however, guarantee that you will get your money immediately. As a result, customers should anticipate minor delays. However, the payment source, not Betway, is typically to blame for those delays. Every payment option has a variable withdrawal time. There are variations in the speed of Betway's instant money withdrawal choices.

Withdraw Money from Betway
4

Betway Withdrawal Problems

Withdrawal problems are very frustrating and can tend to take more time than necessary to resolve. This is why users need to be aware of potential problems that they run into so that they can resolve them swiftly.


4.1

FICA Documentation

FICA documentation is important for players to get their funds and complete the withdrawal process. They are a way to protect the bookmaker and the betting world as a whole from fraudulent acts. This means that users must ensure that their Betway account is supported by approved FICA documents.


4.2

Exceeding Withdrawal limits

Trying to withdraw R40 or R 5 000 000? Well, unfortunately, that is not possible, and users ought to withdraw within the limits set by the various withdrawal options. Knowing the Betway withdrawal limits will resolve this issue for you as a player.


4.3

Contact numbers do not match

Did you change your number and forget to update your details on Betway? Well, should that happen to you, that's the reason why your withdrawal will not be processed. If a user is not using the same number as the one registered on Betway, they cannot receive notifications from the different methods of withdrawal. Without the notifications, they cannot access the important codes that help in completing the transaction. A player must make sure that their phone number on Betway is the same as the one they are using at the time.


4.4

Technical Problems

The issue of technical problems is a frustrating one, as users can experience delays or withdrawal blocks due to a system not functioning normally. Should users run into this problem, they have no other option but to contact support. Fortunately, Betway has reliable means of support that is accessible 24 hours a day. Usually, the withdrawal method is the problem, so checking if the banking institution is working is also important.

Betway South Africa Mobile App
Betway South Africa Mobile App
Betway Sign-Up South Africa
Betway Sign-Up South Africa
5

Author's Conclusion about Betway Withdrawal

Simbarashe Mattawu
In conclusion, withdrawal Betway methods are relatively convenient for the most part, as they offer a secure way where players are in control of the procedure. Users can find comfort in knowing that they can receive their wins in a fair amount of time when they follow the right procedure. Most of the methods available do require a user to go to a physical location process or complete the withdrawal process, meaning there are few methods where users receive the funds online. All in all, users can expect few problems when withdrawing on Betway and expect a great playing experience where wins can be collected without a hassle.
Withdraw Money from Betway
6

FAQ

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Also ask
How do I withdraw money from Betway for the first time?
Users need to select their preferred withdrawal method, whether it be Absa Cashsend, Standard Bank instant money, Nedbank, or the 1 for You Voucher route. By checking the withdrawal limits and fees, they can make their best decision.
How do I Cash out on Betway?
While the event you bet on is still happening, a player can cash out should they want to secure their winnings. The cashout option is there on the event being bet on, and it is a matter of selecting it before the event is over.
How to transfer money from Betway to an e-wallet?
By selecting the FNB option and entering your number, once you receive your code, you can use the code to withdraw the funds.
How to reverse instant money withdrawals on Betway?
Users need to contact support to get more information on reversing instant money withdrawal transactions as soon as they can.
7

Author

Simbarashe Mattawu
Simbarashe Mattawu
Contributing Writer
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