Betway withdrawal time: How long does Betway take to withdraw

Let’s say you deposited, played and won at Betway, one of the top online casinos in the UK. Now you can’t wait to cash out your rewards and you’re wondering, “How long does Betway take to withdraw?”

The short answer: actual withdrawal times, including processing times, can vary significantly across the industry due to several factors, such as legal requirements and business days. Rest assured, this article has all the answers you may need.

Safety is a primary concern for most players. So, it’s good to know that Betway operates under a United Kingdom Gambling Commission licence with account number 39372.

As a result, it is subject to elevated security standards, which should reassure players that Betway is a trustworthy site. For instance, customer funds are stored in a bank account that is segregated from company funds.

This means that even in the event of Betway’s insolvency, the customer funds remain protected.

Having discussed safety, let’s examine why withdrawals aren’t instant.

Why isn’t your withdrawal instant?

Everyone wants to receive their money as quickly as possible, but it’s worth remembering that the reasons why cash outs take several days are centred around player protection.

Betway is obligated to conduct anti-money laundering (AML) checks on top of confirming the money is being withdrawn by its rightful recipient. These fraud prevention processes involve checking if your identity verification has been completed successfully, which occasionally requires players to send in additional documents.

This can take several days in some cases. Plus, the casino has to verify that if the funds were tied to wagering requirements, these were completed fairly.

Once Betway has conducted these internal checks, which take up to 24 hours at most, the withdrawal is only subject to final checks made by the provider of the chosen payment method. The expected times for Betway’s banking options are listed below.

Betway withdrawal times

Betway has five payment methods available for withdrawals, the fastest of which is PayPal, which takes up to 24 hours. Players should note that transactions are only processed on business days. This means that during weekends and bank holidays, your cash out will take longer to arrive in your account.

Provided customers withdraw the minimum amount, which is a very accessible £5, Betway will not charge a fee for the transaction. Should a player desire to withdraw less, the transaction will incur a £1 charge.

A huge positive is that Betway clearly states that players can withdraw up to the full amount of their real money balance at any time.

Here is a table with all the specifics:

So, you know the expected Betway withdrawal time per payment method, but what factors increase the likelihood of your withdrawal being delayed and arriving later rather than sooner?

What affects withdrawal speed

I briefly wrote about business days above. Many players remember that their payments won’t be processed on weekends but forget about public holidays like Christmas and Easter, during which some weekdays, e.g. Easter Monday, count as non-working days.

Incomplete verification is an even bigger offender when it comes to longer cash outs. If you haven’t submitted all of the necessary documents (identity, age and address) and ensured they’ve been approved, Betway could reject your withdrawal request.

How to withdraw funds at Betway

Moving forward, here are the exact instructions on how to make a withdrawal request:

1. Log in to your Betway account and double check it is fully verified.
2. Head to your account by pressing the profile icon in the top right corner.
3. Click the “Withdraw” button to enter the cashier section of your account.
4. Choose one of the available options and enter the amount you would like to withdraw.
5. Confirm your request by clicking the green “Withdraw” button. 
6. Congratulations. Now sit back and relax, Betway will get in touch if there are any issues with your request.

What can you do to speed up the process?

Although there are several ways through which a transaction may be delayed, there are also several ways to help speed up the process:

• Once you’ve set up your account, before you even consider playing or depositing, complete the verification, otherwise known as Know Your Customer (KYC) checks. Betway does not allow players to use the same document to confirm their identity and address, meaning you couldn’t use a driving licence to confirm both. You would also need a valid passport, a utility bill or a bank statement dated within the last six months. The details must match what you entered when registering.
• Look at which day of the week it is. If it’s a bank holiday or a Saturday, it might be a good idea to wait until the next business day to request your withdrawal to reduce the time gap between requesting and receiving your payment.
• If you’re attempting to withdraw funds earned for a bonus, check that you have fulfilled any wagering requirements. In most cases, attempting to withdraw before they are completed results in a complete loss of the funds.

It’s a shame that a smooth cash out cannot be guaranteed, but doing the above reduces the chances of something going wrong. And what to do if things do go wrong?

What should you do if the withdrawal is past the estimated withdrawal time?

If you have a genuine reason to worry that something has gone wrong with the withdrawal, here are some things you should keep in mind.

Don’t forget to add the 24-hour internal Betway approval period to the expected withdrawal time. Check you haven’t missed any notifications in your account or the email and phone number you registered with, concerning the withdrawal request.

Considered all of the above? You can contact Betway using email or live chat to check up on your withdrawal.

About the author

Daniel Smyth

Daniel Smyth has seen the online poker, casino, and betting industry from every angle. He previously played poker semi-professionally before working at WPT Magazine as a writer and editor. From there, he transitioned to online gaming where he’s been producing expert content for over 10 years.

Follow Daniel on Twitter and LinkedIn

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Remember to gamble responsibly

A responsible gambler is someone who:

• Establishes time and monetary limits before playing
• Only gambles with money they can afford to lose
• Never chase their losses
• Doesn’t gamble if they’re upset, angry or depressed
• Gamcare – www.gamcare.org.uk

Find our detailed guide on responsible gambling practices here.

For help with a gambling problem, call the National Gambling Helpline on 0808 8020 133 or go to www.gamstop.co.uk to be excluded from all UK-regulated gambling websites.