Withdrawing winnings from your betting account is a big deal for most and usually involves quite a few things one must be aware of. We have summarised here all the ins and outs of withdrawing from your Betway account.

How to withdraw from Betway from India

Withdrawing winnings from your betting account is a big deal for most and usually involves quite a few things one must be aware of. We have summarised here all the ins and outs of withdrawing from your Betway account.

Important things to know when withdrawing at Betway

Just like most other betting sites, Betway also wants you to use the same banking method to withdraw that you used for making a deposit. Some methods are not available for withdrawals, however, which means you will need an alternative (often that is a bank transfer).

At Betway you can use the following methods:

  • Credit/debit cards
  • Neteller
  • Skrill
  • Bank transfer

The minimum withdrawal amount regardless of method is INR 1,000 at Betway.

Withdrawal times at Betway differ depending on the method chosen. They usually aim to process withdrawal requests within 24 hours. Once approved, a withdrawal can appear in your bank in as little as 2 hours (for e-Wallets) or up to 7 days (bank transfer).

You can check the status of your withdrawal in your transaction history at Betway.

Why can withdrawal requests be delayed at Betway?

Withdrawal requests can cause a headache sometimes when you have to wait a long time for it to be processed or when something is missing or incorrect when you made your request.

Withdrawal requests are usually not processed after midnight and not on the weekend either. Most bookmakers only process withdrawal requests during regular business hours. This means a withdrawal request made after midnight on a Friday won't be processed until Monday morning.

Another delay can be caused if you have accidentally ignored a minimum or maximum transaction limit. The maximum limits differ depending on your chosen method, but it is also possible that large wins are paid out incrementally across several payments.

Finally, in keeping with KYC and AML policies, bookmakers are required to verify their customers' IDs eventually. Often it is best to get your ID verified right after signing up for an account as it saves time down the line. But most betting sites require an ID verification after cumulative withdrawal requests of USD 2,000 or more have been made.

As such, you may make a dozen smaller withdrawal requests, which are processed without issue. But once you have reached a certain cumulative amount, you will be asked to verify your ID, which can take a bit of time and will delay all transaction requests you are making during that time.

Why can withdrawal requests be delayed at Betway?

Another situation you need to be aware of that may prevent you to make a withdrawal of your winnings are bonus requirements. If you want to make a withdrawal of winnings that are tied up in a bonus, you may not be able to withdraw those winnings right away.

Bonuses are always subject to bonus conditions and winnings will usually need to be played through a specified number of times before you are allowed to withdraw them.

Unfortunately, this is a very common complaint customers have when trying to make withdrawals, which are declined.

If you use bonuses, you will need to thoroughly acquaint yourself with the bonus conditions and wagering requirements.

Betway imposes relatively few restrictions besides those, which is good news.

Be sure to read the help section at Betway as well as a lot of trouble shooting is covered there in case you should have troubles when making a withdrawal.

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