Betway Withdrawal Options, Time & Limits In India
Betways withdrawal options, time and limits are some of the key factors to why the reviewers here at AllGambling thinks so highly of them. They made such a strong case in the Betway review they wrote, that we went ahead and placed them towards the very top of our rankings.
Since you are here, we guess that you are either ready to make a withdrawal from Betway, you are waiting for your money or you are checking out the options for the future. If so, you have come to the right place.
In this article, we will discuss the different withdrawal options, how long you can expect to wait for your withdrawal, and we will answer several questions about your local currency and the limits they have at Betway.
You may have noticed already that you have to verify before making a withdrawal at Betway. We’re gonna start this article by explaining why you have to do that and why that is a good thing for you.
Verification Before Withdrawal
You may have encountered verification at an online casino before. If you haven’t yet, this is something you will have to deal with eventually.
The verification process is about online casinos and other gambling operators, such as Betway, knowing who they have as customers. This is mandatory for them under the regulation from The Malta Gaming Authority (MGA).
The verification process aims to stop criminal activity, such as money laundering, terror financing, and last but not least – identity theft.
In addition to the above mentioned, Betway must make sure no one under the age of 18 is playing with them.
Although the process itself can seem unnecessary, making sure no one can steal your identity, your money or participate in criminal activity with your name, is in our minds a good thing.
Documents You May Need When Verifying At Betway
Depending on the scale of the verification process, you may be asked to provide different kinds of documents. This is also dependant on the payment option you are using for withdrawal and deposits at Betway.
The most common documents Betway will ask you to provide is:
- Proof of Address
- Ownership to your payment method
To prove your identity, Betway may ask you to provide identification. The most common document they request is a copy of your passport. If you don’t have a passport, there are several other options, and we recommend you speak to a customer support agent if that is the case.
To make this process go as fast and painless as possible, we recommend that you make sure that your copy or image is clear, easy to read and that all four corners of your document are visible. If not, Betway will have to request a new copy and the process will take longer.
Proof of Address
Proof of Address is another example of something Betway has to ask their customers. The reason for this is the different licencing jurisdictions around the world. An example is the UK that has its local licence with different rules towards bonuses and such.
To make sure no-one residing in a country with a local licence is playing with an Indian account, the proof of address comes in handy.
The most common ways to prove your address is by giving Betway a bank transcript, or a household invoice such as an electricity bill. You can also use official government-issued documents to do this.
Ownership to your payment method
When they ask for proof of ownership, it is because Betway wants to secure your money against money laundering or terror financing. To make sure this doesn’t happen the recipient of the withdrawal must be the same person that deposited in the first place.
You can do this by providing a screenshot of your e-wallet with your name and address visible, or by delivering a bank transcript that shows the banks logo, your name and your address.
Withdrawal Options For India At Betway
If you want many options for withdrawal when you play at an online casino in India, Betway may be the perfect option for you. The portfolio is diversified with premium international payment gateways such as VISA and MasterCard in addition to popular Indian payment methods.
Here are the withdrawal options you can find at Betway:
- Wire Transfer
The Withdrawal Time At Betway
Before we look closer at the withdrawal time at Betway, we want to give you some information about what decides the withdrawal times at online casinos in general.
A normal withdrawal process comes down to the time it takes to approve your withdrawal, plus the time it takes to transfer the money from the casino to your payment provider.
In some cases, an online casino can take additional time before they approve the withdrawal. This is normally due to routine checks for fraudulent behaviour, many people trying to make a withdrawal at the same time or suspicion of an unlawful money transfer.
Moving over to Betway, we know from experience that they are one of the fastest in the Industry. The reason for that is their system for automatic approval of withdrawals. This system identifies if everything is ok with your account or not.
When the transfer is approved, the money goes automatically to your payment provider. Depending on the payment provider you are using, this can take 1-4 days. If this takes 3-4 days every time, we recommend you change your payment method to someone that promises faster transactions.
Can I Withdraw Indian Rupee (₹) At Betway?
In our article about the Betway App, we talked about the rapidly growing popularity of Betway in India. In addition to having the best gambling apps, a part of that popularity is caused by the possibility to deposit and withdraw in Indian Rupees.
Not all payment providers accept rupees, but most do. You find information about this already on Betways deposit screen.
Betways Minimum & Maximum Withdrawal Limits
There are many similarities between how you make a deposit and how you make a withdrawal. One of these similarities is the minimum and maximum limits. These limits are not set by Betway themselves, but rather the payment providers they offer.
If you like to deposit small and play with minimum bets, we recommend you find a provider that gives you the possibility to deposit 1,000 INR or lower.
Are you, on the other hand, a high-roller, we recommend you find a provider at Betway that allow the biggest maximum withdrawal limit.
What if I like to bet small but win a jackpot, you may ask? If you win big, you can contact Betways customer support and they will assist you in the withdrawal process. If you win a jackpot, the payout will be directly from the casino software. You will be contacted by Betway if this happens, and they will assist you.
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