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Betway Deposit Guide – How to Deposit and Withdraw in 2024

Betway is one of the leading betting sites in South Africa, and its range of deposit and withdrawal options certainly reflects this. They have many  Betway deposit options, depending on how fast you want the funds to reflect in your account. Betway also offers new players a welcome bonus consisting of a first deposit match offer of R1,000. We have listed the most popular deposit options available at Betway and all the vital information needed for each. 

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OZOW Instant EFT

Deposit Processing Time Instant 
Minimum Deposit Amount R20
Maximum Deposit Amount R100 000
Withdrawal Processing Time Under 2 hours 
Minimum Withdrawal Amount R50
Maximum Withdrawal Amount R300 000 per day 
Fees R1 per transaction 

Related Article: Ozow Betting Sites

Credit and Debit Card

Deposit Processing Time 0-24 hours, depending on your bank
Minimum Deposit Amount R50
Maximum Deposit Amount R100 000
Withdrawal Processing Time 24-48 hours
Minimum Withdrawal Amount R100
Maximum Withdrawal Amount R300 000 per day
Fees Free

1Voucher 

Deposit Processing Time Instant 
Minimum Deposit Amount R5
Maximum Deposit Amount R5 000
Withdrawal Processing Time Under 30 minutes 
Minimum Withdrawal Amount R50
Maximum Withdrawal Amount R5 000
Fees Free

OTT Voucher 

Deposit Processing Time Instant 
Minimum Deposit Amount R5
Maximum Deposit Amount R5 000
Withdrawal Processing Time Under 30 minutes 
Minimum Withdrawal Amount R50
Maximum Withdrawal Amount R5 000
Fees Free

SID Instant EFT

Deposit Processing Time Instant 
Minimum Deposit Amount R20
Maximum Deposit Amount R100 000
Withdrawal Processing Time Under 2 hours 
Minimum Withdrawal Amount R50
Maximum Withdrawal Amount R300 000 per day 
Fees R1 per transaction 

Capitec Pay 

Deposit Processing Time Instant 
Minimum Deposit Amount R20
Maximum Deposit Amount R100 000
Withdrawal Processing Time Under 2 hours 
Minimum Withdrawal Amount R50
Maximum Withdrawal Amount R300 000 per day 
Fees R1 per transaction 

How to Deposit at Betway

These are the easy-to-follow steps to deposit at Betway: 

  • Log into your Betway account.
  • Enter your username and password.
  • Choose the Green Deposit tab at the top of the page.
  • Click on the deposit button.
  • On the deposit screen, you will be given a choice of different deposit methods.
  • Choose an amount that you want to deposit.

How to Withdraw Money from Betway

Follow these easy steps to withdraw your funds from Betway

  • Log in to your ассоunt by clicking the login button аt thе tор right соrnеr.
  • Оnсе yоu аrе logged in tо yоur Betway ассоunt, gо tо My Account icon on the top right of the page
  • Сlісk оn thе withdraw button from the drop-down menu. Nоtе thаt thе withdraw mеnu оnly арреаrs оnсе yоu аrе logged in.
  • Сhооsе yоur рrеfеrrеd withdrаwаl mеthоd
  • Drор dоwn tо thе аmоunt sрасе аnd еntеr thе аmоunt yоu wаnt tо withdraw. Nоtе thаt this аmоunt must bе within yоur аvаilаblе bаlаnсе.

Account Verification before Withdrawal

You will need to complete your FICA verification before you can withdraw any funds. To complete this process, you must submit a copy of your ID and proof of residence that is not older than three months. This could be a utility bill in your name or a bank statement. 

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FAQs

What is the best way to deposit on Betway?

If you have a banking app, then the OZOW Instant EFT is the best way, or if you prefer using cash, then the voucher method is best. 

What is the fastest way to deposit on Betway?

Both the voucher and Instant EFT methods are processed immediately, and your account is credited. 

Is it safe to deposit on Betway?

Betway is a fully legal site licensed by the Western Cape Gambling and Racing Board. 

What do I do if Betway won’t let me withdraw?

You need to contact the Betway support team as wagering requirements may not have been met, or your FICA documents have not been verified. 


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