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How to Withdraw Money from Betway

If you’re a Betway user in Nigeria, you probably want to know the easiest way to get your hands on your winnings. Luckily, cashing out from Betway is a pretty straightforward process:

  • Betway’s main withdrawal method is electronic funds transfer (EFT) 
  • You can also withdraw to an OPay or Paga wallet

The key is ensuring your Betway account is fully verified before requesting a withdrawal. This helps avoid any issues or delays in receiving your money.

In this article, we’ll walk you through verifying your account, review the different withdrawal methods and limits, and share some helpful tips for smooth and speedy payouts. 

Verifying Your Betway Account

Before withdrawing your winnings from Betway, you must verify your account. Don’t worry, it’s not as complicated as it sounds! Betway just needs to make sure you are who you say you are. This keeps your account safe and secure.

So what do you need to do? It’s simple:

  1. Log in to your Betway account
  2. Look for the “Verify ID” or “Upload Documents” button (it should be pretty obvious)
  3. Get a clear photo or scan of your ID document ready. This could be: Your driver’s license (front and back)
  4. Upload the images and submit them through the Betway site

And that’s it! Betway’s team will review everything to confirm it’s you. This is an important step to keep your account secure and ensure there are no issues when it’s time to cash out your winnings.

The verification process usually takes no time. Betway knows you want to get your hands on your money, but it’s worth waiting a day or two for that extra peace of mind. Once verified, you can withdraw smoothly and enjoy your hard-earned cash.

Withdrawal Methods and Limits

When it’s time to get your hands on your winnings, Betway has you covered. The main way to withdraw is through Electronic Funds Transfer (EFT) in Nigeria, which goes straight to your bank account. Here’s how it works:

  1. Log in to your Betway account
  2. Go to “My Account” and click “Withdraw Funds”
  3. Choose “EFT” as your withdrawal method
  4. Enter your bank account details and the amount you want to cash out
  5. Hit “Proceed” and wait for the money to land in your account

Easy, right? Betway processes EFT withdrawals in 1-2 business days. So, if you request your money on a Monday, it should be in your bank account by Wednesday at the latest.

But what if you don’t have a bank account or prefer a different method? No worries! Betway also lets you withdraw money from your OPay or Paga wallet. The process is pretty much the same:

  1. Log in and go to “My Account”
  2. Select “Withdraw Funds” and choose OPay or Paga
  3. Enter your wallet details and withdrawal amount
  4. Confirm the transaction, and the money will be sent to your e-wallet

Now, let’s talk limits. According to BettingGuide, Betway has a minimum withdrawal of ₦100 for most methods and ₦50 for Paga and Opay. For EFT, you can cash out up to ₦10,000,000 at a time. OPay and Paga have lower maximums of ₦2,000,000 and ₦20,000, respectively.

In terms of timing, e-wallet withdrawals are usually quicker than EFT.

With OPay or Paga, you can expect to receive your money in under 24 hours. Bank transfers in Nigeria take a bit longer to process.

Tips for Smooth Withdrawals

Follow these simple tips, and you’ll enjoy your winnings quickly.

First things first: get your account fully verified as soon as possible. Don’t wait for a big win to submit your ID documents. 

Betway must confirm that you’re you before they can process any cashouts. So upload a clear photo of your driver’s license, passport, or national ID card well in advance. That way, when you’re ready to withdraw, there won’t be any delays.

Next, double-check that your banking details are correct. Whether using EFT, OPay, or Paga, ensure you’ve entered your account number and other information accurately. A small typo could lead to big problems later. 

While you’re at it, consider withdrawing your winnings regularly instead of letting them accumulate in your Betway account. Having your money safe in your bank account or e-wallet is always better.


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