1 September, 2023 (updated 26 December, 2023)
10 minutes to read

How to Withdraw Money From Betway

Withdrawing your winnings from Betway in Kenya doesn’t have to be a daunting task. In this article, we will cover all the essential aspects of the Betway cashout process. We will talk about the variety of methods available, their limits, processing times, fees, and other factors, to ensure a smooth and hassle-free experience for both novice and experienced users alike.

From the moment you earn your winnings, you may be eager to get your hands on them. But it’s important to remember that each withdrawal method comes with its own set of terms and conditions that could impact the time it takes to receive your funds. By understanding these nuances and familiarizing yourself with the different options, you can make informed decisions that align with your preferences and needs.

Unfortunately, Betway left Kenya in August of 2023. We are hopeful that the company will return one day and will keep you posted on the situation.

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Betway Withdrawal Methods in Kenya: All Available Options

Betway Withdrawal Methods in Kenya

In order to ensure a seamless and efficient experience for its Kenyan users, Betway sports betting offers various withdrawal methods tailored to meet different preferences. The following options have been designed to accommodate the diverse needs of players, making it simple for everyone to find a suitable method to access their winnings. In this section, we will delve deeper into each popular withdrawal method available in Kenya.

Betway Withdrawal Methods

MethodProcessing TimeFeesLimit
M-PESAInstantKSH 10-300KSH 80 – 150000
Airtel MoneyInstantNo chargesKSH 80 – 150000
EFT1-2 business daysKSH 100-150KSH 80 – 300000

Step-by-Step Guide for Withdrawing Funds From Betway 

Step-by-Step Guide for Withdrawing Funds From Betway

Follow this step-by-step guide to ensure a smooth and efficient withdrawal process from Betway, regardless of the method you choose. 

By the M-PESA

  1. Log into your Betway account.
  2. Access the “My Account” section located at the top-right corner of the webpage.
  3. Select the “Withdraw Funds” option to initiate the withdrawal process.
  4. Choose the “Mobile Money” option.
  5. Select M-PESA.
  6. Enter the withdrawal amount.
  7. Click on “Withdraw Now” located at the bottom of the page.
  8. Receive your funds.

By Airtel Money

  1. Log into your Betway account.
  2. Access the “My Account” section located at the top-right corner of the webpage.
  3. Select the “Withdraw Funds” option to initiate the withdrawal process.
  4. Choose the “Mobile Money” option.
  5. Select Airtel Money.
  6. Enter the withdrawal amount.
  7. Click on “Withdraw Now”, located at the bottom of the page.

By EFT (Electronic Funds Transfer)

  1. Log into your Betway account.
  2. Access the “My Account” section located at the top-right corner of the webpage.
  3. Select “Withdraw Funds”.
  4. Choose the “EFT” option.
  5. Enter your bank account details (account number, bank name, branch).
  6. Enter the withdrawal amount.
  7. Tap “Withdrawal Now” to confirm the transaction.
  8. Wait for the funds to reflect in your bank account (the funds will reflect in your bank account within 1-2 business days).

Other Withdrawal Methods from Betway in Kenya 

Other Withdrawal Methods from Betway in Kenya 

In Betway Kenya, there are only three ways to withdraw funds – Mobile Money, EFT, and SMS. We have already discussed the first two methods in detail. Now let’s talk about SMS. This is a very convenient method, in which you don’t need to spend much time. Of course, many people worry about security when using this method. But there is no need to be afraid because all transfers are under reliable protection. 

By SMS

  1. Write the SMS in this format w#the amount you wish to withdraw#your Betway pin. For example, if you want to withdraw 1000 KSH and your Betway pin is 12345, the SMS will be w#1000#12345.
  2. Send the SMS to the number 29029.
  3. Receive SMS confirmation.
  4. Wait for the funds to be transferred.

Limits and Fees for Withdrawing Funds from Betway Kenya

Limits and Fees for Withdrawing Funds from Betway Kenya

When withdrawing money from Betway Kenya, it’s essential to be aware of the various limits and fees associated with each withdrawal method. Here is a summary of the fees and limits for the M-PESA, Airtel Money, and EFT. 

For the M-PESA, the processing time is instant. But you have to remember that you have a limit – a minimum of 80 KSH and a maximum of 150,000 KSH. What about fees? It’s from 10 to 300 KSH. 

Airtel Money processing time is instant. The limits are also like M-PESA – a minimum of 80 KSH and a maximum of 150,000 KSH. And there are no charges. 

EFT processing time is 1-2 business days. And EFT has the biggest limit – a minimum of 80 KSH and a maximum of 300000 KSH. But the fees are also bigger than M-PESA and Airtel Money – from 100 to 150 KSH.

Withdrawal Processing Time

The time it takes to process your withdrawal request varies depending on the method you choose. As outlined above, M-PESA and Airtel Money transactions are processed instantly, allowing you to access your funds almost immediately. On the other hand, EFT withdrawals can take 1-2 business days to process, which is important to keep in mind if you need access to your funds quickly.

By understanding the various limits, fees, and processing times associated with each withdrawal method, you can choose the option that best suits your needs and preferences when withdrawing funds from Betway.

What to Do If Something Goes Wrong

What to Do If Something Goes Wrong Betway

If you encounter issues while withdrawing funds from Betway, it’s essential to stay calm and assess potential causes methodically in this section. We explore several possible reasons for withdrawal difficulties and provide recommendations to help you resolve them effectively. There are no specific problems, but there are some commonalities. But remember that Betway has a good support team that will help you 24/7.

Insufficient Account Balance

Ensure that your account balance is sufficient for the desired withdrawal amount, including any applicable fees or charges.

Incorrect Information

Double-check that you have provided the correct information for your chosen withdrawal method, such as your mobile phone number or bank account details. 

Conclusion 

Withdrawing money from Betway is a straightforward and hassle-free process, thanks to the variety of available withdrawal methods that cater to the diverse needs of its users. Whether you prefer the convenience of mobile money, the security of EFT, or the accessibility of SMS, Betway offers a suitable option for everyone.

To ensure a smooth withdrawal experience, simply follow the step-by-instructions provided for your preferred method. It is also essential to be aware of the daily limits, processing times, and any potential fees associated with each method. By considering these factors, you can make informed decisions that best suit your requirements and preferences.

FAQ

How do I deposit my Betway voucher online?
Select “Betway Voucher” as your deposit method in your account. Enter the voucher code and amount.
Can I use Betway without a bank account?
For sure! You can use it. There are alternative deposit methods available/ For example, M-PESA or Airtel Money.
Which bank does Betway use?
In Kenya, Betway may partner with local banks.
Which country owns Betway?
The Betway Group is based in Malta. But there is no information on which country owns the Betway.
What is the largest bet company?
The largest betting company is CoinPlay Sport, according to information on the Internet.
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