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Betway has its origins in Europe, but the bookmaker has a site that is specifically designed for the Nigerian market.
The Betway website is classy, safe and secure, and as you will find out in this article, it is extremely easy to use.
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How To Withdraw Money From Your Betway Account
When your team wins, so do you. Cashing in with Betway is very easy. Simply follow these steps to request a withdrawal of your winnings:
- Log in to your Betway Account
- Navigate to “My Account” on Betway’s home page
- Select the “Withdraw Funds” option
- Complete the withdrawal form by providing us with your bank account details
- Enter the amount your wish to withdraw and click “Proceed”
Please note that verification of details may be required
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Betway Withdrawal Time Scales
All withdrawals, regardless of the payment method, are subject to audit before being processed. As a result, payment of withdrawals could take up to 2 business days to process.
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Betway Withdrawal Policy
Where permitted, withdrawals will be processed back to the same payment method used to make a deposit on the account. If a financial account and/or credit/debit has been used to deposit funds, the name registered on the account must correspond to the name registered on the account/card. In the case of a request to pay funds via Direct Bank Transfer (DBT), the acquiring bank account must be held in the same name used during registration.
Withdrawals may require multiple transactions over a number of days, based on payment provider limitations.
There may be charges incurred for withdrawals.
Betway reserve the right to undertake reasonable diligence to verify the validity of any bets, wagers or winnings as a precondition to paying out any wins or permitting player withdrawals.
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Customers must provide a copy of their proof of identity, address, copies of credit cards and/or other appropriate documentation when withdrawing credits. Proof of identity must match the registered name and surname. If any customer fails to provide this within 4 weeks of our request, the account may be subject to lock out and winnings and/or withdrawals made, voided. In cases of fraudulent documentation, accounts will be locked and all balances forfeited.
Upon making a withdrawal, you may also be required to provide an alternate form of identification and send in any other valid identification documents we may deem reasonable to verify your age and address. The withdrawal will not be processed for payment until we have received all requested identification documents. Acceptable identification documentation includes, but is not limited to:
- copy of a valid photographic identification document, such as a passport or driver’s license;
- a copy of a recent utility bill/document confirming residence, such as an electricity bill, telephone bill etc. (important: the utility bill must not be older than 90 days);
- a copy of the front and back of all credit/debit cards used to make a deposit (note: we are only required to see the first 6 and last 4 digits); and/or
The payment of a withdrawal will only be made to the customer who deposited the funds. You hereby authorise us and our designated agents, as and when we require, to confirm your identity and to clarify your right to use the money that you have betted through our Service. Failing to provide the required documents may have the following implications:
- your account will be locked; and
- no further gambling will be permitted until we have successfully verified your details.
We reserve the right to run credit checks on all cardholders with third party credit agencies on the basis of the information provided on registration.
When we request additional information from you in order to process a withdrawal request, all withdrawal requests will remain pending until the correspondence has been returned and approved by us. We must successfully receive and verify your identification documents, either via internal means or a third party, before you can withdraw from your account.
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Limitation on Withdrawals
Customers who withdraw a sum of money that is 5 times or more than their lifetime deposits though the Service will only be able to withdraw their winnings at a sum deemed appropriate by Betway The remaining amount will be placed back in the customer’s account until such time that they are eligible for a further withdrawal. This clause will only be applied at the discretion of management.
Review for Irregular Play
Before any withdrawals are processed, your play will be reviewed for any Prohibited Activity (defined below). Should we determine that Prohibited Activity has occurred, we reserve the right to withhold any withdrawals and/or confiscate all winnings which we reasonably believe are related to the Prohibited Activity.
You agree that, in the event of any payment or credit to your account which is made to your account as a result of our error, such amount(s) paid in error shall be held in trust by you for our benefit and shall not be withdrawn from your account. You shall return all amounts paid in error to us promptly upon our demand. We reserve the right to confiscate and recover all amounts paid to you in error.
In the case of suspected or fraudulent payments, including use of stolen credit cards, or any other fraudulent activity or Prohibited Activity (including any chargeback or other reversal of a payment), we reserve the right to block a user's account, reverse any pay-out made and recover any winnings. We shall be entitled to inform any relevant authorities or entities (including credit reference agencies) of any payment fraud or otherwise unlawful activity, and may employ collection services to recover payments. However, under no circumstances shall we liable for any unauthorized use of credit cards, irrespective of whether or not the credit cards were reported stolen.
Before any withdrawals are processed, your participation in the Services will be reviewed for any irregular betting patterns. In the interests of fair gaming; equal, zero or low margin bets or hedge betting, shall all be considered irregular gaming for bonus playthrough requirement purposes. Other examples of irregular betting include, but are not limited to, placing single bets equal to or in excess of, 30% or more of the value of the bonus credited to your account before the betting requirements for that bonus have been met. Should We deem that you have indulged in irregular game play, we reserve the right to withhold any withdrawals and/or to confiscate all of your winnings.
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Betway Withdrawal Limit
The Betway minimum withdrawal in Nigeria is ₦100 while Betway maximum payout in Nigeria is 2million Naira for placed Single Bets, and 4million Naira for placed Multiple Bets.
If you have any other questions, you can get in touch with their Support Team via one of these options:
Call: +234 1227 8860 (standard rates apply)
WhatsApp: +234 816 822 7279
For all the latest sports news, betting tips and promotions, follow Betway Nigeria on
Facebook, Twitter, Instagram, and YouTube. Download the Betway App.
You now have a grasp of how to go about betting on Betway? Good! You are now ready to start your betting adventure with this great bookmaker!
When you open your Betway account, you get a fine welcome bonus worth 50% of your first deposits as free bets if you register with the Betway sign up code.
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Isn’t that a great way to begin your betting experience?
This article was most recently revised and updated 1 year ago