How to Deposit And Withdraw Money on Betway

Many bettors use Betway to bet on sports and play casino. Afterwards they obviously need to deposit and withdraw money. Many financial institutions offer their services, that’s why bettors can choose the most convenient methods for their financial transactions. People should know how to deposit money in Betway from India. The minimum deposit in Betway is 500 Indian rupees.

Betway deposit methods for Indian customers

Betway deposit methods for Indian customers
Betway deposit methodsBetway Minimum Deposit in rupeesBetway Withdrawal Time India
UPI500About 1 hour
PayTM500About 1 hour
Neteller500About 1 hour
Skrill500About 1 hour
Bank card500About 5 days
Net Banking1,000About 1 hour

How to Make Betway Deposits in India

How to Make Betway Deposits in India

If you are going to make a Betway deposit, you should use your personal account. You can put money in dollars or rupees. If your bank/e-wallet account is in rupees but the Betway account is in dollars, you will pay the conversion fee. So, it’s better to use the same currency for the accounts.

It’s necessary to have a verified Betway account to make a deposit. Verification means the necessity to give a scan/photo of your passport to the support service. 

According to the rules of the bookmaker, you can use your personal accounts for depositing only. Using a third party’s account is forbidden. In this case, the transaction can be banned.

First Deposit Bonus

First Deposit Bonus

Betway offers the first deposit bonus for every newcomer. It is necessary to create an account and pass the verification to use the feature. Gamblers can get up to 2,500 rupees as a present.

Betway doubles down the first deposit and the maximum amount of doubling down is 2,500 rupees. It is better to use this feature to get the maximum amount to play online casinos and make bets for sports events.

Note. Bettors can’t demand the Betway withdrawal of bonus money before winning back. People can win it back in different ways. Using the bookmaker platform is the best way to get money back since you can bet on sports events with a score over 2.50. The risk is smaller compared to some online casino gambling games.

Requesting a Payout/Making a Withdrawal Betway India

Requesting a Payout Making a Withdrawal Betway India

Depositing money at Betway is easy in 2021. It is necessary to do the following steps to put money into the account:

  1. Login into the system. If you don’t have an account on the Betway platform, you should create it.
  2. Choose the method of depositing. The commission fee will depend on the chosen way.
  3. The deposit should at least equal the minimum amount.
  4. Confirm the action.

Note. A bettor should have a verified account to get access to the Betway online bookmaker and casino. The company can demand a passport or another document for verification.

As a rule, a transaction takes no more than 1 hour at the maximum. Usually, money becomes available for betting immediately. If you cannot deposit money to your personal account for a long time you should connect with customer support. Specialists might ask for some details about the transaction to find the right solution. 

Betway withdrawals

Betway India follows a mindful policy. Its main goal is to improve relations between Betway and its clients. Withdrawals might happen either in a single payout or in several installments.  

There are daily and monthly withdrawal limits. If you need to withdraw a lot of money, you should keep in mind the existing limits. As an alternative, you can try using several withdrawal methods to get as much money as possible.

You can reverse a withdrawal with the withdrawal tab. All demands are processed for about 72 hours. However, this period can be prolonged if you ask for money on Saturday or Sunday.

Identity Verification

Every person has to pass the verification to get access to all features of the bookmaker and its online casino.  According to Indian and international laws, all financial transactions should be verified, hence users should prove that they are real persons.

Some people, who are called “bonus hunters”, create multiple accounts to play online and to win gifts. Usually, such players use the same IP address to play from different accounts. Plenty of bookmakers and online casinos struggle with them and ban such accounts immediately. 

If you don’t want to lose your account, you’d better verify it after the registration. You should do the following:

  1. Login into the system.
  2. Tie with support.
  3. Ask for the verification and wait for instructions.

Usually, it is necessary to photo or scan a passport or another document with a photo. Support specialists might demand your actual photo as well. too and there should be written the date of it. The process takes several minutes and then you could use even Betway minimum withdrawal in India.

Minimum Withdrawals

If maximum payouts are limited by payment systems, a minimum is established by the Betway company. It is 10 EUR/USD and the currency equivalent. If you use the Indian national currency, it is about 750 rupees. This minimum is necessary to cover Betway fees.

Note. Betway withdrawal time in India is about 3 days.

Credit and Credit Checks

Betway is not a financial institution but it can randomly check customers’ credits due to various circumstances. In this case, Betway uses the following data:

  • personal information of the current client;
  • bank accounts that were used for financial transactions;
  • another data that was given on registration.

Bettors should use only their own bank accounts to receive their winnings.  If specialists find out that the recipient is another person, the transaction would be immediately stopped. Users can see the transfer status at any stage and tie it with support if there are some problems.

Bonuses and Free Bet Withdrawals

If you take part in the Betway promo, you should win it back before you will demand the payout. The conditions of winning back vary and depend on the current promo action, that’s why gamblers should read the rules of promos.

Note. There are limits for withdrawal bonuses at Betway that could be won back. If a promo action doesn’t regulate it, the limits remain at 50 USD or the equivalent. The rule covers free tickets, bonuses, bets, and free casino spins.

Users can win bonuses back via sports events or online casinos. They should bet for sports with a score over 2.50 or bet in online slots. Some promos demand to use the current tournament or online slots.

Withdrawal Time Frames

It takes from several minutes to 3 days. The first withdrawal is rather long because specialists should check your accounts to make sure that you are the actual recipient. Then the process would be faster.

How to Cancel Payouts

Sometimes it is necessary to cancel payouts. For example, when Betway offers an interesting promo action and you need the money to take part in it. The bookmaker allows to do this by following several steps:

1

Login and press the button to your finances.

2

Check the status of your transaction.

3

If it is not done yet, press “Tap here to reverse”.

Note. If the support has already processed the demand, you cannot cancel the withdrawal.

FAQ

Is it possible to get money faster than 72 hours?

Yes, it is possible. The time is moderate and most financial partners take 2-24 hours to process the transaction. E-wallets are very popular because users can deposit and withdraw money to such accounts really fast. The only disadvantage of e-wallets is the commission fee that is a bit higher than the commission for bank account payouts.

Is Betway safe?

The company uses SSL to protect clients’ personal information. 128-bit SSL certification is provided by Rapid SSL. It is a reliable international organization that ensures electronic security.

Why did Betway refuse my payout?

There are different reasons for refusing payout. Usually, specialists deny the demand because the account is not verified or the recipient and the user are different persons. You can connect with support to learn more.

Can I deposit/withdraw money via the mobile app or the mobile website?

Yes, you can do it, no matter what platform you use.

What currencies are available on Betway?

If you play in India, you can choose dollars or rupees only.