Betway Withdrawal Times
Learn everything you need to know about withdrawals at BetVictor: withdrawal time for each method, minimum withdrawal and more.
Betway's Fastest Withdrawal Method is Instant Banking (Within Minutes)
UKGC Licensed
Accepts Instant Bank Transfers
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Visa
Mastercard
Paypal
Trustly
Bank Transfer
How Long Does a Betway Withdrawal Take? Our Test Result
We decided to put Betway's withdrawal process to the test ourselves, with the bookie claiming to have good withdrawal times for some methods. We used Visa Direct for our test and withdrew £5, but we had to wait a little over 10 hours for the money to arrive. This is significantly slower than other Visa Direct withdrawals we have done, so that was a bit disappointing.
Betway Withdrawal Times for Each Payment Method
Betway deserves to be ranked among the best betting sites in the UK, with sports fans likely to be familiar with the company as a result of their shirt sponsorship of West Ham. It is indeed an impressive product, helped by the fact that the bookmaker has decided solely on its product without launching any sister sites.
Below, we have collected the key information about withdrawals at Betway, including the methods available and the withdrawal time for each. There is a decent amount of methods available and that helps compensate for the £10 minimum withdrawal limit - even if this is the standard amount for many betting sites.
| Payment Method | Min. Limit | Max. Limit | Transaction Fee | Processing Time |
|---|---|---|---|---|
Visa
| £10 | Not specified | No fee | 10 hours in our test |
Mastercard
| £10 | Not specified | No fee | 1-3 business days |
Paypal
| £10 | Not specified | No fee | Within 24 hours |
Trustly
| 10 | Not specified | No fee | Within 24 hours |
Bank Transfer
| £10 | Not specified | No fee | 1-5 business days |
Instant Bank Transfer
| £10 | Not specified | No fee | Instant (usually within minutes) |
What Is the Fastest Way To Withdraw Money From Betway?
Although we tested the site with Visa Direct, which is the second-fastest method available, some might be inclined to use Instant Bank Transfer instead. This method is still relatively new on the gambling scene but the feeling is that a majority of punters will switch to it eventually, especially when bookies start accepting it for free bets offers.
This is because withdrawals with Instant Bank Transfers are processed within seconds and tend to arrive after just a few minutes at most. The method lives up to its name, in other words, and it is definitely one that we will put to the test down the line. Having said that, it does not take a test to know that it is the fastest.
Visa Direct withdrawals, meanwhile, tend to take around 10 hours as this is the result we got in our test. This is similar to how long it takes to receive funds via an e-wallet such as PayPal, which is another very popular one among punters.
When using e-wallets to withdraw winnings, Betway says it will take no longer than 24 hours for the customer to get their cash, but in reality, many will receive the funds a lot quicker than this.
The slowest ways to withdraw money from Betway are certainly standard debit cards and bank transfers. Users who pick these ways to withdraw money from Betway accounts will wait a few days.
How To Withdraw From Betway
It might not be completely obvious how to withdraw winnings from Betway, so we have put together a step-by-step guide which provides some assistance. In the interest of clarity, we tested the process on the praised Betway app, which we recommend downloading.
Head Over to the ‘Banking’ section
After opening the app, select the ‘Banking’ option in the menu at the bottom of the screen. You will now automatically be taken to the ‘Deposit’ section, so tap on the ‘Withdrawal’ tab at the top of the screen.
Choose Your Preferred Withdrawal Method
In this step, you will be offered several methods of withdrawing the funds. We selected to withdraw the funds with the ‘Preferred deposit method’, but you can choose any available method.
Enter the Withdrawal Amount
Now it's time to choose your withdrawal amount. There will be a pre-selected amount, or you can enter a custom amount. After choosing your withdrawal amount, check the tickbox about the ‘Terms and Conditions’.
Tap on the green ‘Withdraw’ button
After tapping on the ‘Withdraw’ option, you will be taken to a confirmation page showing that your withdrawal has been completed. You can check the status of your withdrawal from the main menu of the app as well. Our withdrawal via Visa Direct took a little over 10 hours to arrive in the bank account.
Why Is My Betway Withdrawal Taking So Long?
After requesting a withdrawal, you can find the status of said request in the 'Transaction History' section, which says 'Processing commenced on X' right after. This should help you identify the issue. If the Betway processing has been completed, for example, it could be that there is an issue with your bank rather than the bookie.
Even with Visa Direct, though, we had to wait just over 10 hours to receive the money so it could also be that Betway is slightly slower than competitors even after processing the request. If the money does not arrive within the given timeframe for the payment method used, we would recommend contacting Betway's customer support to get more information.
Betway's Withdrawal Time on the Weekend
If you withdraw funds from Betway over the weekend, there should not be a delay in the withdrawal processing on the bookie's side. However, it could take longer for your bank to process the payment, meaning you ultimately might have to wait slightly longer.
Betway Withdrawal Problems
If you are experiencing issues when withdrawing funds from Betway, we recommend checking the status of the withdrawal request, as discussed above. If no obvious culprit can be identified there, such as the request still being in the processing phase, it could be worth contacting customer support. We would recommend waiting until the given timeframe is up before doing so, though.
In some cases, Betway will ask for more documentation to verify your account in order to proceed with the withdrawal. Therefore, you should also keep an eye on your email or Betway account inbox as there could be some information there.
Betway Withdrawal Time: PayPal
PayPal is one of the fastest methods at Betway and although it does not qualify for the welcome offer, it is still very popular among UK punters. Withdrawals with this method usually take less than 24 hours, sometimes even just a few hours, and the minimum amount is set at £10. It is not as fast as Visa Direct, though, which is worth considering.
| Payment Method | Min. Limit | Max. Limit | Transaction Fee | Processing Time |
|---|---|---|---|---|
|
Paypal
| £10 | Not specified | No fee | Within 24 hours |
Join Betway and Claim Welcome Offers
Welcome offers are very popular in the UK and as you would expect, Betway has one for the sportsbook and one for the casino section. It is not the best sports offer we have seen, but could still be worth claiming when signing up for the bookie.
| Operator | Welcome Offer | Bonus Code | Claim Offer | |
|---|---|---|---|---|
|
Welcome Offer
£30 matched Free Bet if your first Acca loses + 100 Free Spins on Gold Blitz |
No code required
| Claim Offer | *New UK customers only. Min Stake: £5. Maximum Free Bet: £30. First bet on a Football or Horse Racing multiple with 3+ selections. Overall odds: 3.00 (2/1) or higher. Free Bets available upon settlement of the qualifying bet. 100 Free Spins on Gold Blitz (£0.10 per spin) credited on settlement of qualifying Acca bet. No wagering requirements on free spin winnings. Debit Card deposit only (exclusions apply). This offer is valid 7 days from the new account being registered. 18+ BeGambleAware.org. Bet the Responsible Way. Full terms apply. |
|
Welcome Offer
Stake £10 Get 125 No Wagering Free Spins on Big Bass Hold & Spinner |
No code required
| Claim Offer | New UK customers only. 125 free spins on Hold & Spinner (£0.10 per spin) credited after successful £10 deposit and £10 stake on Casino, Vegas or Live Casino. No wagering requirements on free spin winnings. Debit Card deposit only (exclusions apply). This offer is valid 7 days from the new account being registered. 18+ BeGambleAware.org. Bet the Responsible Way Full Terms Apply. |
Betway Withdrawal Times FAQs
Which payment methods are available for withdrawals on Betway?
How long does withdrawal take from Betway UK?
How long does a pending withdrawal take?
What's the minimum amount I can withdraw on Betway?
What is the maximum amount I can withdraw on Betway?
How long does it take to withdraw from Betway to PayPal?
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Steven is an experienced iGaming content writer who has been working in the industry since 2018. He is passionate about sports betting and enjoys writing about all aspects of the industry, including bookmaker reviews, betting tips and strategies, and news and analysis. If you have any questions about online gambling in the UK, please don't hesitate to contact him.