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Online Betting in Ireland / Reviews / Betway Review / Betway Withdrawals Explored

Betway Withdrawals Explored: Maximum Payouts, Limits & Methods

Last Updated on 10/07/2024
Fact checked by: Jamie Clark

The Betway withdrawal time can be less than 12 hours depending on which payment method you use, but it’s also affected by which day of the week you make your withdrawal request.

For the fastest withdrawals, opt to use an e-wallet like PayPal or Neteller. Alternatively, Visa Direct is great if you want to get the funds straight into your bank account. What you do want to avoid are bank transfers and card withdrawals requested at the weekend, as you could be waiting up to five days to get your money.

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Betway withdrawal time - Pros and cons

Before we dive into the details, here is a summary of the main pros and cons of Betway withdrawals:

Betway sports main
Pros & Cons
  • Receive your funds in under 12 hours
  • Bank, card and e-wallet withdrawals
  • Next-day withdrawals on weekends using e-wallets
  • No maximum limits for withdrawals
  • Limited payment methods
  • Bank withdrawals take up to 5 days

Betway withdrawal methods - Here’s what’s on offer

On the whole, Betway doesn’t have quite as many payment methods on offer as some of the other fast withdrawal betting sites in Ireland. However, there is a solid argument to say that this makes the whole process simple to follow and less convoluted overall.

More importantly, the main two bases are covered - online banking and e-wallets. As a result, you should still find your preferred payment solution from the list available:

  • Visa Debit
  • Mastercard Debit
  • Visa Direct
  • PayPal
  • Neteller

You may have noticed that only debit cards are accepted. That’s because you can’t use your credit card at gambling sites in either the UK or Ireland.

Which deposit and withdrawal methods are missing?

Payments using Google Pay and Apple Pay are not yet available for Irish Betway punters, which is quite a big omission in our expert opinion. Additionally, Skrill isn’t an option, but then again, Neteller is a very close substitute that offers an almost identical service.

Perhaps the most glaring payment genre that is missing is prepaid options. If options like the Paysafecard are your preferred payment method, you can check out the top Paysafe betting sites in Ireland right here at Betting.co.uk.

Betway max withdrawal and deposit limits

There are no stated maximum deposit and withdrawal limits for Betway in Ireland. While some countries, such as Belgium, have a €500 max limit, this does not apply to IE customers.

The minimum deposit and withdrawal amount is €5, however, you can technically deposit less with PayPal or debit cards if you wish. That being said, there is a €1 charge for withdrawals below €5, so don’t bother is our advice.

Additionally, we should point out that especially large withdrawals may take longer to process (although Betway doesn’t give a figure for that in the T&Cs).

Payment methodMin depositMax depositMin withdrawalMax withdrawal
Visa/Mastercard debit€5N/A€5 or less*N/A
Visa Direct€5N/A€5N/A
PayPal€5N/A€5 or less*N/A
Neteller€5N/A€5N/A

*€1 charge applied to withdrawal requests for less than €5.

How long do Betway withdrawals take?

As we said back at the top of this article, the Betway withdrawal time can take anything from 12 hours to five days. Fortunately, the latter figure takes weekends into account and is not business days.

As is also the case for most PayPal betting sites, e-wallet withdrawals at Betway are faster, and will take anything from two to 24 hours. Bank transfers and card withdrawals are the slowest, taking between one to three business days, or up to five full days.

Timing your withdrawal 

The day you request your withdrawal can have an impact on when you receive your funds. As is the case with everything in the banking world, you can expect to receive your funds later if you make your request after 17.00 GMT on a Friday, or before 08.00 GMT on a Monday.

That being said, the good news is that weekends do not affect your payment processing time with PayPal or Neteller. However, in addition to the payment processing times that we will list shortly, you should also take into account the approval time for your withdrawal request.

Are withdrawal times the same for sports betting and the casino? 

Yes, when using the Betway website or app in Ireland, your casino and sportsbook funds are stored in the same Betway account. Therefore, the processing time will be the same.

As well as being one of the fastest bookies where withdrawals are concerned, Betway is also among the top fast withdrawal casinos in Ireland. So, the only thing that will impact your withdrawal time is the payment method that you use.

Betway withdrawal times - A summary

Now that we’ve gone into detail, here is a table displaying all of the essential information about the withdrawal times at Betway:

Payment methodWithdrawal time
Visa/Mastercard debit1 - 3 business days*
Visa Direct12 hours or less
PayPal2 - 24 hours
Neteller2 - 24 hours

*Weekends not included.

Betway withdrawal time - A weekday breakdown

To show how the payment method you use has an impact on how long you need to wait for your funds, we have provided you with these tables:

Card payments and bank transfers

Day requestedReceive your withdrawal by
MondayThursday
TuesdayFriday
WednesdayMonday
ThursdayTuesday
FridayWednesday
SaturdayWednesday
SundayWednesday

Visa Direct payments will always be paid within 12 hours other than weekends, in which case you should receive your funds on the following Monday.

Neteller and PayPal withdrawals

Day requestedReceive your withdrawal by
MondayTuesday
TuesdayWednesday
WednesdayThursday
ThursdayFriday
FridaySaturday
SaturdaySunday
SundayMonday
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How to make a Betway withdrawal - Step by step

Now that we’ve covered everything that you need to know about Betway withdrawal times and payment methods, let’s take a look at the process:

  1. Log into your Betway account
  2. Go to the “Banking” section of your account profile
  3. Select the “Withdraw” option
  4. Choose your preferred withdrawal payment method
  5. Enter the amount that you wish to withdraw in EUR (€)
  6. Click the green “Withdraw” button to confirm and submit your request
  7. Wait for Betway to approve your request (should only take a few minutes, but can take up to 24 hours occasionally)
  8. Once the withdrawal request has been confirmed by Betway, you should receive your funds within the timeframes detailed above

Cancelling your withdrawal request

If you make a withdrawal request at Betway in error, or simply change your mind, you can cancel the request. Here’s what to do:

  1. Go to the “Banking” section of your account
  2. Click “Deposit”
  3. At the top of the tab, you will see the withdrawal that you have pending
  4. Click on the “Tap to reverse” button
  5. If the reversal is successful the tab will turn green
  6. You should also receive a notification confirming that the amount has been returned to your Betway account balance within a few minutes

Get started at Betway with a €50 welcome bonus

We’ve now given you all of the details and information that you need about the withdrawal methods and processing times at Betway.

So now, let’s get on to some more interesting Betway topics. For starters, if you are a new Irish customer, when you first create a new account at Betway, you can choose either one of these two new signup promotions:

A €50 sports welcome offer

To get a €50 free bet for Betway Sports in Ireland, you need to sign up and make a qualifying bet at minimum odds of 1/2. The free bet will appear in your account once your qualifying bet is settled either as a win or a loss.

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When you make your first deposit in the online casino, Betway will match it 100% up to a €50 maximum. Additionally, you can also get matched bonuses against your second and third deposits.

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Betway withdrawal time - Summary and conclusion

At Betway, the withdrawal times are about as fast as you can expect from any online sports betting or casino brand in Ireland. Even if you opt for a bank transfer, you won’t ever have to wait more than three business days to receive your funds. However, for the fastest withdrawals, that take place in a matter of hours, make sure that you select Visa Direct, PayPal or Neteller as your payment preference.

Betway withdrawal time FAQ

💰 How long does it take to withdraw money from Betway?

Betway withdrawals can take anywhere from two hours to five days, depending on when you make your withdrawal request and which payment method you choose. For the fastest withdrawals, we recommend Visa Direct, PayPal and Neteller. To make sure you get your payment as quickly as possible, make your withdrawal request on a Monday.

🔎 Can I reverse a withdrawal at Betway?

Yes, you can, but you have a limited amount of time to do so. Go to the “Deposit” tab in your “Banking” area and you will find a tab at the top of your screen that you can tap to reverse your withdrawal and return the funds to your betting balance.

What is the fastest withdrawal method at Betway Ireland?

PayPal and Neteller have the potential to be the fastest, as you can receive your funds within two hours. However, withdrawals can take up to 24 hours to process with these methods. To guarantee receiving your funds within 12 hours on weekdays, Visa Direct is the best option.

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