Best Betway Payment Methods for Casino and Sportsbook 2021
Betway Payment Methods, Payout and Deposit Options
Welcome friend, pull up a chair! Looking for a betting site that gives you maximum control over your cash? Settle in and I’ll tell you about the fantastic range of Betway payment methods available. You won’t be disappointed!
Choose from bank transfer, debit card, PayPal, and numerous other e-wallets. Betway’s withdrawal limits should satisfy casual players and high-stake rollers alike! Like what you hear so far? Stay a while and we’ll discuss the importance of access to different payment methods and all you need to know about the different payment methods available at Betway.
The importance of payment method options – Bet-many-ways!
Online sports betting and casino sites that offer multiple payment methods for deposits and withdrawals, like with Betway’s payment methods, are often recognised as reliable and trustworthy. The variety of Betway withdrawal options available gives their users more control over their money. New players are more likely to already be familiar with the Betway payment methods if there are more of them, facilitating player onboarding.
Say you win big with a Betway cash out bet, you may want to use a more secure Betway withdrawal method. However, if you need an instant deposit before a big event and want to take advantage of the Betway welcome bonus US, you’ll be grateful for the speedy Betway payment methods available. Should you wish to change your preferred payment method, the multiple Betway payment methods available mean you can still pay your way. Access to different payment methods and withdrawal options is therefore more likely to give you a better overall experience.
Now you understand the importance of access to different Betway withdrawal and payment methods, let’s ask what payment methods does Betway offer and how does Betway pay-out?
What payment methods does Betway offer? – Something for everybody
There are several different Betway payment methods to choose from at their site. Betway accommodates just about everyone but the exact options available will depend on your region. There are several alternatives to the following options such as bank wire transfer and ecoPayz but here are the most popular payment methods used at Betway.
For some regions, law prohibits the use of credit cards for online gambling. However, in other regions this is not an issue. Betway’s payment methods include Visa and MasterCard debit card, and credit cards where applicable. This is one of the most secure payment methods available. Furthermore, to qualify for Betway’s sportsbook and casino welcome offers, the qualifying deposit in most cases must be made using a valid debit card. In areas where credit cards are eligible the offer may also extend to cover credit cards but always check the T&Cs before depositing.
PayPal is one of the most well recognised e-wallet services available with close to 300 million customers worldwide. PayPal is renowned for their high level of security provided through their encryption security technology. In some jurisdictions, deposits with PayPal can qualify for welcome bonuses (e.g., Ireland), however they cannot in others (e.g., the UK), to avoid disappointment I recommend always using debit cards when first depositing.
Neteller is like PayPal in some respects, it offers many of the same services, but it is not accepted in as many regions (e.g., USA). Many people opt to use Neteller because, unlike PayPal, they do not apply any charges to transactions made between their users, except where currency exchange is involved. However, note that using this Betway payment method will not make you eligible for any welcome bonus.
Skrill is not a new kid on the block and there has been a marked increase in the number of Skrill betting sites available. It has certainly gained popularity as a trusted e-wallet service in recent years, winning the Best Digital Wallet in 2019 by Juniper Research at their Future Digital Awards. Skrill originally made its name with online gaming sites and has continued to expand. Although Skrill may be a better long-term payment option, like Neteller, this Betway payment method does not qualify for any welcome bonus offers.
How payment methods influence Betway’s withdrawal times – Collect your winnings within hours!
As is the case for all online gambling sites, when you withdraw money from your Betway account, it will take time for said money to arrive in your account. The time it takes for your money to arrive in your account after you withdraw is dependent upon the Betway withdrawal method you choose. Betway’s withdrawal times can be very fast and range from 2 hours to 3 business days. It should be noted that Betway offers industry leading Visa Direct transactions which allow debit card withdrawals to reach bank accounts in certain regions in less than 12 hours. Betway’s withdrawal times are as follows:
- Withdrawal using E-wallets (PayPal, Neteller etc.) – 2-24 hours
- Withdrawal using debit card – 2-3 business days
- Withdrawal using bank transfer – 2-3 business days
Bear in mind that with business days, this means that should you withdraw late on a Friday or before a bank holiday, you may have to wait longer until your payment is processed.
Verification requirements for Betway payment methods – Know your customer!
Many jurisdictions such as the US, UK and Ireland have legal age requirements for gambling. Therefore, Betway’s withdrawal requires you to complete a simple verification process called Know Your Customer (KYC). This can often be done automatically with no effort required on your behalf, just remember to be accurate with all your personal information when you register your Betway account. If Betway cannot verify your account automatically, they will request you to provide some documents to complete verification I.D (driving license, passport, utility bill etc.). It’s important to make sure this is complete as Betway withdrawals will not be paid out unless your account is verified.
When you start the Betway withdrawal process, in line with regulations, Betway automatically attempts to process your payment back to the source through the original Betway payment methods used when making a deposit. However, there are some cases where Betway may be unable to withdraw from your account using your original Betway payment method. For example, some alternative e-wallets may be available to use for deposits, but not available for withdrawals. In such a case, you can select your preferred method for withdrawal.
Do the available Betway payment methods have limits? – Consider setting your own!
For most of us, the maximum deposit limits are never likely to become an issue and it is more relevant to focus on the minimum limits for deposit and withdrawal. In fact, all of us should consider setting personal limits on the amount we deposit. Betway advocates setting deposit limits to prevent overspending and help their users gamble responsibly. Regardless of whatever Betway payment methods you choose, Betway has a very modest minimum deposit limit of 5 GBP/EUR/USD or equivalent. This is also true for the minimum Betway withdrawal limit, which is 10 GBP/EUR/USD or equivalent.
The maximum amount you can deposit is dependent on your preferred Betway payment methods, high rollers can deposit up to 100,000 GBP/EUR/USD or equivalent with a single bank transfer. However, E-wallets have lower maximum deposit limits, usually ranging from 20,000-45,000 GBP/EUR/USD or equivalent for a single deposit. Finally, the Debit card maximum deposit limit is 20,000 GBP/EUR/USD or equivalent for a single deposit.
Ultimately the maximum deposit limit will depend on your preferred payment method, your region, and any limitations that you may have set with your payment service or with your Betway account. However, when you withdraw, you can withdraw the full cash amount from your account, including winnings earned from any of Betway’s cash out bets.
Betway payment methods: competitor analysis – Up to par
Our Betway reviews suggest that they offer payment methods and withdrawal options accommodate most, if not all punters, players and sharks interested in taking advantage of the vast array of games and markets available. It may bother some folk that to claim the welcome bonus initial deposits must be made using a valid debit card. However, from then onwards, you can pick whatever payment method you desire from a wide selection. With many sites to choose from, Betway’s payment methods fare well against the likes of BetMGM’s payment methods and other market leading operators.
Some of the more tech savvy amongst us might be disappointed at the lack of any kind of cryptocurrency payment service. This is not uncommon, and most operators are still to utilise cryptocurrency services. However, as regulations surrounding cryptocurrency markets tighten worldwide we could see more operators offer these services in the future. In conclusion, I believe Betway’s payment methods are diverse and widely accommodating and should help them in maintaining their large user base in the future. Remember to always bet responsibly and may the winners be yours!
Betway payment methods FAQ
🥇What betting site has the best payment method options?
Operators offer various betting payment methods to choose from when you bet online, but how do you know what site has the best payment methods for you? At thegruelingtruth we compare a wide range of sites so you can find the perfect place to play.
🔒What is the safest payment method for betting online?
When it comes to your money, safety and security should be a top priority. That’s why at thegruelingtruth we work hard to inform our readers about the safest ways to bet. Keep your money safe by reading our detailed reviews covering the most trusted sites available.
⚡What is the fastest payment method for betting online?
Are you tired of waiting around for your money to move, wait no longer! Some payment methods for online betting can have money arrive in your betting account instantly! Find the fastest ways to play now with help from our reviews at thegruelingtruth.
💰How do betting sites pay-out?
Before you enter the world of online betting, there are a few things you should know. One key thing is knowing the different methods available to deposit and withdraw at different operators. This can help you find the best sportsbook for US players – the one that’s suited to you. Find out more and read our extensive reviews at thegruelingtruth.
❓Can I place a bet with PayPal?
As online betting has become more increasingly popular within the industry, so has the use of e-wallet services such as PayPal and Neteller. These services are now available at a range of different betting sites. Find out more about how to use PayPal and other e-wallet services for online betting at thegruelingtruth.