As one of South Africa’s leading betting companies, many players need to complete a bet.co.za withdrawal. If you’re new to betting and want to learn the ropes, or you’re simply looking for a refresher, this guide on how to withdraw money from bet.co.za is for you.
How To Withdraw Money From bet.co.za?
As a real-money online betting site, players need to make a bet.co.za deposit to place wagers with this operator. Of course, the objective is to try and bag yourself a few winners, which then can lead to you making a withdrawal.
This article offers step-by-step guides for all of the most popular bet.co.za withdrawal methods, including Visa, Mastercard, SiD EFT, Zapper, and Masterpass. You can use follow the tutorials or just preview the information to decide which option is best for you.
Understand The bet.co.za Withdrawal Process
The fundamentals of making a withdrawal from bet.co.za are essentially the same as making a deposit. In that instead of sending money to your account, you are sending from it.
However, there are a few differences between the two that are worth knowing about, such as the bet.co.za maximum payout limits and processing times. Let’s start with a generic bet.co.za withdrawal guide – there are payment-specific tutorials further down the page – that runs through the steps and highlights the points mentioned.
Step 1: Log into your account
To make an online withdrawal, you need to log into your account. This part doesn’t need any explanation, as it’s something you’ve likely done multiple times already.
Step 2: Go to the withdrawal page
Open your account profile and select the payments/withdraw page.
Step 3: Choose your withdrawal method
On the bet.co.za withdrawal page, you’ll be instructed to choose the payment method that you want to use. This is slightly misleading as you must use the same method that you chose for the initial deposit.
The exception is when your depositing method is not available for withdrawals. In such circumstances, the default option is typically a bank transfer.
Step 4: Enter your withdrawal amount
In the terms and conditions, it states that the bet.co.za maximum payout in a single day is R1,000,000 in sports bets or R5,000,000 from BetVegas. To be clear, this is not the withdrawal limit but how much a punter can win.
The minimum and maximum withdrawal limits vary depending on the payment method that is used. You can find this information on the withdrawal page when you enter the amount.
Step 5: Complete the payment details
After entering the withdrawal amount, you must complete the required payment details, such as inputting your bank account number if it’s not already saved. With that done, you can click Withdraw to send the request.
In answer to how long does bet.co.za withdrawal take, this also depends on the payment instrument. Commonly, e-wallets/mobile wallets are the fast option, followed by bank transfers, with credit card withdrawals usually taking the longest.
bet.co.za Withdrawal Methods
Even before completing your bet.co.za registration, it is worth knowing and understanding the bet.co.za withdrawal methods. This will help you evaluate the strengths and weaknesses, so you’re able to make an informed decision as to which one is right for you.
On that note, there is no ‘one size fits all’ solution. Using a credit card might suit some punters, whereas an EFT is better for others. Below, we provide step-by-step guidance for making a bet.co.za withdraw for a variety of payment methods. Also, we compare the pros and cons of each.
Top 4 Withdrawal Methods For bet.co.za
When you’re ready to jump in and collect some of your winnings from the bet.co.za promo code, there are a few options available to account holders.
Note that you can only make a withdrawal once your account is FICA verified; however, this should be complete during the sign-up process. Furthermore, EFT is the only bet.co.za withdrawal.
- Log into bet.co.za.
- Click on your account profile and select Withdraw.
- Choose Masterpass EFT (if available).
- Enter the amount that you want to withdraw.
- Input your account information.
- Click Withdraw to complete the transaction.
SiD Instant EFT
SiD is arguably one of the most prominent EFT payment solutions in South Africa. Players can make instant withdrawals to their linked bank account safely and securely.
- Access bet.co.za and go to the Withdraw page.
- Select SiD Instant EFT.
- Enter your withdrawal amount.
- Follow the on-screen prompts to finalise the payment to your bank.
Zapper is one of the latest QR code payment solutions. If available as one of the bet.co.za withdrawal methods in your province, here’s how it works.
- Log into your bet.co.za betting account.
- On the Withdraw page, select Zapper.
- First, you need to type in the amount that you want to withdraw.
- Enter your banking details (if they are not saved).
- Click Withdraw.
Despite all of these new payment services, Visa and Mastercard remain the biggest brands in the industry. Here’s how to make a bet.co.za withdrawal using one of these options.
- Open bet.co.za.
- On the withdrawal page, select Visa or Mastercard.
- Type in how much you’d like to withdraw.
- Enter the card details unless they are saved.
- Follow the prompts to complete the request.
Pros and Cons Of Each Method
There’s little to choose between these options, so it comes down to a personal choice as to which one is the most convenient.
Zapper is a popular scan-to-pay app that is focused on consumers in South Africa. Therefore, many players are already familiar with this option. Also, Zapper doesn’t store your card details on a server. Instead, they remain on your device, which on a large scale, is the safest option.
There are no fees for using Masterpass, which gives bettors maximum value for both deposits and withdrawals. Like Zapper, players can link their cards and bank accounts, so this increases security.
SiD Payments have proved to be a reliable and trustworthy payment option for South African punters. As this is a dedicated EFT service, it’s constantly monitored by leading privacy and security specialists. Moreover, bet.co.za doesn’t charge any fees for using SiD Instant EFT.
Many of these modern payment services link cards under the claim that it’s easier to use them. However, you can cut out the middleman and simply use your Visa or Mastercard. The benefits of these brands are there for all to see.
They are highly secure, and all transactions are monitored to eliminate fraud and misuse of your card. The only issue for when it comes to bet.co.za withdrawal methods is that the minimum limits can be higher than the other options available.
Our Tips For The bet.co.za Withdrawal Methods
Readers of this bet.co.za review will be aware that there are many variables to consider when choosing your perfect betting site, and the same can be said for payment methods.
As bet.co.za is a licenced and regulated betting company, punters are assured that all withdrawal options are safe, which is arguably the most important factor. Therefore, it comes down to your needs. Here are a few considerations to help you choose:
- Minimum/Maximum withdrawal limits – every player has their own budget. It’s possible that different payment mechanisms offer varying limits. For instance, if you only want to wager a few Rand each week and then withdraw, you probably want the option with the lowest limits.
- bet.co.za withdrawal processing days – although bet.co.za processes withdrawals in a timely manner, that doesn’t mean that you receive your winnings immediately. Visa and Mastercard tend to be the slowest for clearance of winnings, so one of the other methods is better for speedy payouts.
- Fees – bet.co.za covers the fees (if there are any) for most payment services; however, it is still worth double-checking in advance. Also, away from the betting site, are there any fees for using a particular method? This all impacts on your overall betting budget.
- Convenience – if you already use Zapper, SiD, or one of the other payment methods, then use that if you’re happy with the service. Not only will it be convenient, but you also know how it works.
For customers can withdraw money from bet.co.za. You must ensure that you’ve wagered the full amount of the deposit at least once. Additionally, your account needs to be fully verified.
The minimum and maximum bet.co.za withdrawal limits tend to vary depending on the payment operator. For more detailed information, you need to contact customer support or log into your account and preview the options.
All bet.co.za withdrawal methods are safe and reliable, so picking the ‘best’ is subject. There are some differences between the different options, such as minimum and maximum payout limits and the number of bet.co.za withdrawal processing days to consider. Use the information in this guide to help make your decision.
How long does bet.co.za withdrawal take is a common query. Most bettors will receive their cash within 1 – 3 business days. However, if you withdraw more than R20,000 within a 24-hour period, your withdrawal may be held up while bet.co.za conducts further verification checks.
In a nutshell, yes. The withdrawal process is standardised, so it doesn’t matter which option you use, the steps are essentially the same. This means once you are familiar with one option, switching to a different one is effortless.
Players can reverse their withdrawal if it hasn’t been processed. To check this, log into your account and select Cancel Withdrawals from the My Account page. If the request has not been processed, you are able to cancel it or modify the withdrawal amount.