Betway has set up easy-to-use deposit and withdrawal methods. Betway withdrawal channels allow bettors to withdraw their winnings, and we will look at them in this article.
How to Withdraw Money from Betway Tanzania?
For bettors in Tanzania, the options for withdrawal are not too many as there are only two options: Selcom Huduma and mobile money.
However, due to the popularity of mobile money, most bettors in Tanzania will be able to use it. Therefore, we would consider these two withdrawal methods below.
Selcom Huduma
Selcom Huduma provides a virtual account for Tanzanians to receive money and make payments. And Betway incorporated them to enable Tanzanian bettors to receive their winnings from the bookmaker.
Here is how to use Selcom Huduma to withdraw money from Betway.
- Head over to Betway and log into your account.
- Click on the ‘My Account’ tab and select ‘Withdrawals’.
- Select the Selcom Huduma option and the amount you want to withdraw. You will receive an SMS to confirm the successful withdrawal into a temporary Selcom Huduma account.
- Visit a Selcom Huduma agent and ask to withdraw funds.
- Dial *150*50# and select the ‘Cashout option.’
- Enter the Selcom Huduma’s agent number and the amount you want to withdraw. Then, click ‘1’ to confirm the transaction.
- You and the agent will receive an SMS confirming the transaction, and the agent will hand over your withdrawal amount to you.
Mobile Money
Telecom providers offer mobile money in Tanzania and turn mobile numbers into bank accounts. This service is offered by Vodacom Mpesa, Tigo Pesa and Airtel Money.
The steps below show how to use this option to withdraw money from Betway Tanzania.
- Head over to Betway and log into your account.
- Click on the ‘My Account’ tab and select ‘Withdrawals’.
- Select the mobile money option and choose your mobile money operator
- Enter your mobile number and the amount you want to withdraw.
- Click on the ‘Withdraw Now’ button.
- Your withdrawal request will be processed, and you will receive the amount in your mobile money wallet.
The withdrawal request with the mobile money option may take up to 24 hours to reflect in your wallet. You can try to withdraw into the same number you used to register your Betway account to make it faster.
Betway Withdrawal Time
The Betway withdrawal time for Selcom Huduma withdrawals is instant, as you will receive the amount in a temporary Selcom Huduma account. You can then visit an agent to withdraw the cash. With the mobile money option, the withdrawal request is processed instantly if all your details are correct and verified by the bookmaker.
But the mobile money systems can take up to 24 hours to receive the money into your account. So if you don’t see the alert for payment within 24 hours, contact the customer care team of the bookmaker.
Betway Withdrawal Fees
There are no fees for withdrawing money from Betway except for the nominal fees you pay to use the payment channels to withdraw the money. If you want to find out how much the fees are, you can ask the Selcom Huduma or mobile money agents how much they charge.
Betway Withdrawal Problems
The Betway withdrawal process is seamless, but you can encounter some issues while trying to withdraw. Here are the top three Betway withdrawal problems that bettors face when trying to withdraw their winnings.
Trying to withdraw the welcome bonus directly.
Betway offers a welcome bonus to new customers after claiming the Betway Tanzania sign up code. The bonus is 50% of your first deposit up to TSH 10,000. The bookmaker offers this bonus as free bets, which you cannot withdraw if you have not wagered it.
To make these free bets available for withdrawal, you have to wager it in the sports market within 180 days on accumulator bets. In addition to that, you won’t make any withdrawal requests until you wager the free bets completely, or you forfeit the free bets and the winnings you may have gotten.
Exceeding the payout limit
According to the Betway Terms and Conditions, there are payout limits per sport. There is no specific number; however, every customer is assigned a Betway withdrawal limit depending on his activities on the platform. If you try to withdraw above this limit, your withdrawal request will be rejected. To find out or increase this payout limit, you must contact the customer care team of the bookmaker.
Not meeting the minimum and maximum withdrawal limit.
There is a maximum and minimum withdrawal limit for withdrawals. For example, the Betway minimum withdrawal amount is TSH 1000, while the maximum amount is TSH 1,000,000. There is also a withdrawal limit for the different payment channels. For example, for Mpesa, the Betway withdrawal limit per day is TSH 300,000.
FAQs
We have come to the end of the Betway withdrawal methods for Tanzanian bettors. Below, we try to answer some frequently asked questions about the bookmaker. If you have any additional questions, please contact the customer care team of the bookmaker.
The Betway welcome bonus is offered as free bets and can’t be withdrawn directly. However, you can withdraw the winning from the bonus by meeting some betting requirements. The wagering requirements include staking the free bets on sports games. And the free bets have to be used within 180 days.
Yes, it is easy to withdraw from Betway. First, log into your Betway account and click on the ‘My account’ button to withdraw. Next, select ‘Withdrawals’ and choose your preferred withdrawal channel. Next, enter your details and the amount you want to withdraw and click the ‘Withdraw Now’ button.
Betway processes every withdrawal request instantly if all the details on your Betway account are correct and verified. The payout time depends on the withdrawal channel. For Selcom Huduma, you can receive your payout immediately. But for mobile money options, the transaction might take up to 24 hours before it gets to your account.
The Betway minimum withdrawal amount is TSH 1,000. The maximum Betway withdrawal limit is TSH 1,000,000
You can withdraw your Betway money from your Betway account into your mobile money account or a temporary Selcom Huduma account and then cash out the money with a mobile money or Selcom Huduma agent.
