Betway is a fantastic online establishment that offers a variety of different betting platforms for sports and casino entertainment. As an e-commerce business, Betway understands that while it promotes responsible gambling, its customers may want to exercise their right to request a Betway reverse withdrawal from their account.
This article aims to explain and provide step-by-step instructions on how to reverse a Betway withdrawal. Furthermore, it discusses the best method to withdraw money from Betway and includes a list of the different Betway withdrawal options.
How to Reverse the Betway Withdrawal
With Betway offering the option to reverse withdrawals after submission, a Betway reverse withdrawal request is pretty straightforward. To reverse a Betway withdrawal, users will need to log into their accounts, navigate to the cashier, and verify that their withdrawal is still pending. As long as the withdrawal is pending, you can cancel your withdrawal request by clicking the “reverse withdrawal” tab.
Step by Step Payout Canceling on Betway
As we have explained, how to reverse a Betway withdrawal is a straightforward process that requires you to follow a step-by-step cancellation process. Therefore, the steps for how to cancel a withdrawal on Betway are as simple as:
- Logging into your Betway account.
- Navigating to the “Account menu” tab and clicking “History”.
- Clicking the ‘Transactions‘ tab choosing ‘Withdrawals‘ from the drop-down menu called ‘Transaction type’.
- Browsing through the list and verifying your withdrawal is still pending.
- If still pending, clicking on the “Reverse Withdrawal” tab.
- Once you have clicked the “Reverse Withdrawal” tab, Betway will immediately return to withdrawn funds to your account.
- Once applied to your account balance, you are free to use the funds as you see fit or make another withdrawal request.
What if My Transaction has already proceeded?
Customers can only reverse withdrawals with pending status. You can cancel a transaction during the pending withdrawal period, but once your request has proceeded, you cannot reverse it.
The only solution then is to deposit money in your account.
What is the Best Method to Withdraw Money from Betway?
What is the best method to withdraw money from Betway is often a question on players’ minds. This is especially important for those times when you want to withdraw money, or you have withdrawn and want to reverse the withdrawal. In our opinion, e-wallets like Skrill, Neteller and PayPal are the best methods at Betway for withdrawals.
Our opinion is based not only on the flexibility that Skrill and Neteller provide, but e-wallets offer the fastest withdrawal processing times. While that flexibility comes at a cost, it is a minimal amount for the peace of mind that comes from using e-wallets for your withdrawal payment needs.
Betway Withdrawal Options
Resultant of Betway’s goal to process withdrawals as quickly as possible, they have opted to offer flexible withdrawal options to assist them in that endeavour. However, before one withdraws, one must consider that all withdrawals remain in a pending status while Betway adheres to the requirements of the Financial Action Task Force on Money Laundering.
Therefore, it is important to evaluate the Betway withdrawal options when making a withdrawal due to the average processing times. Subsequently, the Betway withdrawal options to evaluate before making a withdrawal include the following:
|Payment Method||Deposit Minimum||Deposit Maximum||Time for Deposit||Minimum Withdrawal||Withdrawal Maximum||Time for Withdrawal|
|Rapid Transfer||£10||£50,000||Instant||£10||£500,000||1-3 days|
|Trustly||£10||£50,000||Instant||£10||£500,000||Within 7 days|
|Paysafe Card||£10||£50,000||Instant||£10||£500,000||Within 7 days|
|Entropay||£10||£50,000||Instant||£10||£500,000||Within 7 days|
While we actively encourage people to gamble responsibly, being able to reverse a Betway withdrawal is a nice option to have. In part, this option allows you to manage your transactions without the risk of incurring any withdrawal fee penalties.
However, while Betway recommends that you avoid the reversal of your withdrawal, they make the process relatively simple, and that should not be overlooked.
FAQ about Betway Reverse Withdrawal
What are the different options for deposit and cash out?
There are many different options for deposits and cash-outs at Betway. However, the different options can only be verified once you log in to your Betway account, as they depend on your geographical location.
Can deposit and withdrawal limits be changed?
No, deposit and withdrawal limits cannot be changed as these are set by the payment method provider.
How many days does Betway withdrawal take?
The number of days a Betway withdrawal takes will depend on the withdrawal on the withdrawal method selected.