Betsafe Withdrawal Times 

By Alex Smith, Last updated Mar 23, 2024

Today’s blog will discuss Betsafe, an online gaming platform that offers sports betting, casino games, and poker. Betsafe is known for being one of the better online sportsbooks, boasting a vast range of sports betting markets. 

However, rather than focusing on the facilities at the online gambling site, today’s blog will focus on withdrawal times – a crucial aspect to consider when betting at any online gambling site. We’ll go through the steps to make a withdrawal, look at the withdrawal time frames, and troubleshoot withdrawal issues.

How to Make a Withdrawal at Betsafe

When it comes to making a withdrawal at Betsafe, the process is pretty straightforward. First, you need to log into your Betsafe account. Once you’re in, you’ll need to find the “Betsafe Deposit” button. Don’t let the name fool you – this is where you’ll handle all your banking transactions, including withdrawals.

Clicking on this button will take you to the main “Banking” page. Once this page loads, you will be able to view all of the different payment methods that are available to you. Of course, the actual payment methods available depend on several factors, the most important of which is the country you’re based in. So, if you read about other punters having access to different payment methods than the ones you see, this is probably why.

Take some time to look through the available payment methods and choose the one that suits you best. As with most bookmakers today, Betsafe requires you to withdraw back to the payment method you used for your last deposit. If this isn’t possible, you must contact the customer support team to find a suitable alternative payment method.

Once you’ve chosen which payment method you want to use, click on it – and you will then be prompted to select how much money you want to withdraw. Make sure to double-check this amount, as you aren’t given the option to confirm the amount!

After you’ve entered the amount, you’ll need to fill in your banking details. The exact details required will depend on the payment method you’ve chosen. For example, if you’re using a credit card, you must enter your card number, expiry date, and CVV. You must enter your account email using an EWallet like Skrill.

Once you’ve filled in all the necessary details, you must confirm the withdrawal. Betsafe will then process your request. Remember that the processing time can vary depending on your chosen payment method.

What Payment Method Options Can Be Used For Withdrawals?

Now that you know how to withdraw, let’s talk about the different options Betsafe offers. There are various withdrawal methods to suit your preferences, and we’ll discuss each in more detail. Understanding these methods will help you choose the most convenient option and improve your Betsafe experience.

Bank Transfer / Bank Account Payments

Bank transfers are a convenient withdrawal method offered by Betsafe, although we should point out that they’re generally reserved for players making larger withdrawals. As you probably know, bank transfers allow you to transfer your winnings directly to your personal bank account.

To withdraw via bank transfer, you must verify your account and provide valid identification documents to Betsafe. This is known as a KYC check, and we will cover this in more depth later on this page. Once verified, you can navigate to the cashier and select bank transfer as your withdrawal method.

You must enter different bank account details depending on which country you’re playing from. This can include the name on your account, your IBAN, and your bank’s SWIFT/BIC code. Betsafe supports transfers to most major banks worldwide. The minimum withdrawal amount is €10, and there is no maximum limit.

Bank transfers typically take three to five business days to reflect in your account. Betsafe does not charge fees for bank transfer withdrawals. However, some banks may impose a fee, especially if your withdrawal request is made in a non-native currency.

The main advantage of bank transfers is that they allow you to make large withdrawals while allowing you to transfer money directly to your account. However, the processing time is a significant downside for most players – and with transfers taking up to five days, it will take much longer for funds to reach your account than if you were to use EWallets like PayPal or Skrill.

EcoPayz

EcoPayz is another popular EWallet offered by Betsafe for withdrawals. To use ecoPayz, you’ll first need to create an account and ecoPayz wallet. Once set up, you can select ecoPayz as your withdrawal method in the Betsafe cashier.

The minimum amount you can withdraw to ecoPayz is €10, while the maximum is €10,000 per transaction. EcoPayz processes withdrawal requests quickly, with funds usually available in your account within 24 hours. This makes it one of the fastest methods to get your money. 

When using ecoPayz, you don’t pay any fees to Betsafe. However, ecoPayz may charge a small fee depending on the currency – usually around 2.5%. Be sure to check the ecoPayz site for their latest fees. It doesn’t usually matter what currency you withdraw using – the fee doesn’t change. However, again, this is worth checking to avoid accidentally being charged fees you weren’t aware of!

The main advantages of ecoPayz are the speed of withdrawals, reasonable fees, and the fact you can store multiple currencies in your ecoPayz account. The downsides are the lower maximum limits compared to bank transfers. But for most recreational bettors, the withdrawal limit shouldn’t be an issue – although high rollers may want to look at alternatives.

Neteller

Neteller is another popular EWallet that can be used for fast and convenient withdrawals at Betsafe. First, You’ll need to open a free Neteller account to use Neteller. Once your account is activated, you can select Neteller as your withdrawal method in the Betsafe banking section. Within the Neteller interface, you can add a bank account and credit or debit card – so it’s easy to make deposits and withdrawals in a way that’s convenient for you.

The minimum withdrawal amount with Neteller is €10, while the maximum in a single transaction is €10,000. As you’ll see, this is pretty common for all withdrawal methods at Betsafe – although the amount we’ve given you is the Euro amount – different currencies may have slightly different limits.

One of the main benefits of using EWallets like Neteller is that – once Betsafe has processed your withdrawal – the funds are available in your account immediately. Another benefit is that Betsafe charges no fees for withdrawals to Neteller accounts. However, Neteller charges fees generally based on the currency and amount withdrawn. While these change depending on your account, they are generally reasonable at 2-3% per transaction.

Neteller supports many currencies, so you can easily convert your funds and send them to your chosen currency wallet. You can also transfer money between Neteller account holders for free. This gives you added flexibility with your funds.

Skrill

Aside from PayPal, Skrill is probably the most popular EWallet in the world – and in the online gambling world, it’s especially popular, given its status as a pro-online gambling payment method. This is something that can’t be said about PayPal, a company who are notoriously picky about the online casinos and sportsbooks they let use their platform. Like Neteller, you’ll first need to open a free Skrill account to use it as your withdrawal method.

Skrill’s withdrawal limits are the same as Neteller’s; you can withdraw a minimum of €10, while the maximum amount you can withdraw – per transaction – is €10,000. Skrill has super quick processing, with funds credited to your Skrill balance immediately once Betsafe has processed your withdrawal request.

A significant perk of using Skrill is that there are no fees at all charged by Betsafe for withdrawals. Skrill itself charges minimal fees based on currency and withdrawal amount. These fees are very reasonable at around 2% for most currencies.

Skrill also supports many currencies, allowing you to hold funds in different wallets on your account. You can easily exchange money between wallets or transfer it to another Skrill account holder for free. They’ve also recently added the ability to buy and sell cryptocurrencies – although, in our opinion, this is pretty much pointless, as you can’t send them outside your Skrill account.

Trustly

Trustly is a popular online banking payment method Betsafe offers for fast and convenient withdrawals. To use Trustly, you’ll need to have a supported bank account in one of the countries Trustly operates in. While, at first, Trustly focused on the UK market only, they’ve since “branched out” and work with numerous partner banks in several European countries.

To use Trustly, you must “link” your online bank to it. While some players have (valid) security concerns about doing this, it’s worth noting that Trustly uses state-of-the-art security software to keep your sensitive information safe. So linking your account is perfectly secure.

Where Trustly stands out is the speed at which deposits and withdrawals are processed. They’re all instant – and this is revolutionary, especially from a banking point of view in the online gambling industry. It works because Trustly “fronts” the money – and then pay the money to your bank via, in the UK, Faster Payments.

This means that as soon as Betsafe has processed your withdrawal – and given Trustly the “OK” – they will send the money directly to your bank account, so you can access your winnings immediately. 

Credit and Debit Cards

Debit cards are a withdrawal option offered to Betsafe players in most countries. To withdraw back to a debit card, you must enter your card details, including the long card number, expiry date, and CVV code. The minimum withdrawal amount is €10, while the maximum allowable limit per transaction is €5,000. Debit card withdrawals are processed relatively quickly, within 1-3 business days.

Betsafe does not charge any fees for debit card withdrawals. However, your card provider may charge a small fee, especially for withdrawals in foreign currency. The main advantages of using a debit card are that it allows moderately quick withdrawals and potentially avoids fees that some EWallets charge. The downsides, of course, are the lower maximum limits compared to bank transfers or certain EWallets.

We should also point out that credit cards are no longer allowed for online and offline gambling in the UK. However, credit cards can still be used for players in other countries. Processing times and limits are similar to debit cards. But additional fees from your card provider are more likely with credit card withdrawals, especially when making deposits.

Betsafe Withdrawal Processing Times: What to Expect

One of the most important aspects of betting at an online sportsbook is how quickly you can get your money out. No one wants to wait weeks to access their winnings! At Betsafe, withdrawal times vary depending on the payment method used. However, most options offer reasonably fast access to funds.

For EWallets like Skrill, Neteller, and ecoPayz, withdrawal requests are usually processed within 24 hours. Once approved by Betsafe, the money instantly appears in your e-wallet account. This makes EWallets the fastest withdrawal method, along with Trustly.

Bank transfers take slightly longer, at 1-5 business days. However, it’s important to note that this is only a guideline – and it doesn’t necessarily take into account the time in which Betsafe needs to process your withdrawal request. International bank transfers are also usually subject to more extended checks, too – so again, this is something to keep in mind.

Nearly all withdrawal options at Betsafe take five days or less to reach your account, bank, or e-wallet. E-wallets are fastest at under 24 hours, while bank transfers are slowest at up to 5 days. But even bank transfers remain reasonably quick compared to some other sportsbooks.

One factor to remember is that additional verification steps can lengthen the withdrawal process. For your first withdrawal request, Betsafe will ask for identity documents to verify your account. This protects against fraud and money laundering.

Once your account is verified through this one-time KYC process, future withdrawals will not require additional documents or identity checks. So after the initial withdrawal, you can expect much faster processing times.

Overall, Betsafe offers solid withdrawal times across all supported payment methods. While not lightning-fast as some e-wallet-only sites, Betsafe processes payouts quickly and reliably for a traditional sportsbook. This ensures convenient access to your funds after winning bets.

As with all sportsbooks, check Betsafe’s specific terms for each payment type. This will provide current minimum/maximum limits, processing durations, and fees. While Betsafe does not charge withdrawal fees, some payment providers add small transaction costs.

Betsafe Deposit and Withdrawal Limits

Betsafe has implemented some critical withdrawal limits that players should be aware of. You can withdraw up to your available account balance, but outstanding bets must be canceled first. Betsafe also reserves the right to review large or suspicious withdrawals.

The maximum you can withdraw in one 24-hour period is €50,000 unless otherwise approved. Withdrawals must be processed back to the original deposit method unless Betsafe approves an alternative. Players may be required to verify their ID before withdrawals are processed as part of fraud and AML checks.

If you make over 25 withdrawal requests in one month, Betsafe will charge a 2% fee (minimum €5) on each payout after the first 25. This is to cover the administrative costs of numerous withdrawals. According to their terms, funds should only be used for Betsafe’s gaming products.

Players may have withdrawals redirected or canceled if Betsafe suspects fraudulent activity or violations of terms. Overall, Betsafe aims to process withdrawals quickly but has set limits to protect operations. Awareness of maximums, verification needs, and other withdrawal policies will help avoid potential issues.

Betsafe Account Verification: Personal and Payment Information Required 

When you sign up for a new account at Betsafe, you’ll be asked to provide some basic information. This includes your name, date of birth, address, and contact details. Once you’ve entered this information, you can access your account. However, you’ll need to verify your account before you can withdraw.

The verification process at Betsafe is straightforward. You’ll be asked to provide a copy of a valid identification document. This could be your ID card, passport, or driver’s license. The document must clearly show your name, date of birth, and photograph. Make sure the document is valid and hasn’t expired.

In addition to your identification document, you’ll also need to provide proof of address. This could be a utility bill, bank statement, or any other official document showing your name and address. The document must be recent, usually not older than three months.

Sometimes, Betsafe may ask for additional documents. This could be in cases where the provided documents are not readable or if further verification is needed. Betsafe’s customer support will contact you with specific instructions in such cases.

Once you’ve gathered the necessary documents, you must upload them to Betsafe. You can do this through the ‘My Account’ section on the Betsafe website. After you’ve uploaded the documents, Betsafe will review them. This process can take a few days, so be patient.

It’s important to note that Betsafe takes the security of your information very seriously. All documents you provide are stored securely and are only used to verify your account.

Please note: UK players, due to UKGC regulations, are now required to verify their Betsafe account before they can make a deposit. Regardless of your payment method, you cannot begin playing live casino games, depositing funds, or claiming bonuses and promotions until you have successfully verified your account. 

Troubleshooting Common Betsafe Withdrawal Issues

While Betsafe aims to process all withdrawal requests quickly, there can occasionally be delays in receiving your funds. Thankfully, most of these issues are easily rectified – and below, we will be looking at some of the most common reasons behind common withdrawal issues at Betsafe.

Account Verification

The most common reason for delayed withdrawals is verifying your account. Online betting sites like Betsafe are legally required to confirm players’ identities and ensure legitimate accounts. Personal identification verification procedures vary between sites, but, for the most part, you will be required to submit certain documents to the site. This includes

• Photo ID (driver’s license, passport, etc.)
• Proof of address (utility bill, bank statement, etc.)

Betsafe will typically request these documents when you request your first withdrawal. The verification process protects you and Betsafe against potential fraud or money laundering.

Once your account is verified, subsequent withdrawal requests will not usually need further documents or identity checks. However, if you add additional payment methods to your account, you may be required to verify ownership of said payment methods. If this is the case, Betsafe will contact you, letting you know what’s needed.

Suspected Fraud

If Betsafe’s security systems detect suspicious betting patterns or transactions, they may flag your account for potential fraud investigation. This is another reason they could delay a withdrawal while they analyze account activity in closer detail. Please note, if Betsafe suspects your account of illegal or fraudulent activities, they will not provide you with the reason. Most countries have very strict financial rules regarding money laundering or fraud, and companies are not usually permitted to “warn” players or customers about these checks.

If Betsafe suspects fraudulent behavior, you may be asked to provide further evidence about your source of wealth and the monetary transactions you’ve placed in the sportsbook. Failing to adequately explain this will lock your account – and your information may be passed along to relevant financial authorities. 

Bonus Abuse

One of the most common reasons Betsafe may delay payouts is if players are deemed to have abused bonuses or promotional offers. For example, if you claim a welcome bonus, you usually need to meet certain wagering requirements before you can withdraw related winnings. Suppose you try to withdraw before properly clearing these playthrough terms. In that case, Betsafe will simply refuse your withdrawal – although we should note that it’s very unlikely you’ll ever get to this stage anyway, as a withdrawal shouldn’t even be allowed to go ahead if the wagering requirements haven’t been met.

The same goes for reloading and claiming more bonus funds than you’re eligible for based on the site terms. If you claim multiple bonuses in improper succession, Betsafe may restrict your account and delay withdrawals to investigate potential bonus abuse. Always carefully read the specific bonus rules before accepting any offers to avoid delays later.

Also, be aware that if you place risk-free bets or other promotional wagers, you need to follow the exact betting instructions. Placing promotional bets on markets you’re not supposed to can also trigger accusations of bonus abuse. Stick closely to the stipulated bonus terms at all times to ensure you meet the requirements for withdrawal.

Breaking Site Terms

Breaking any of Betsafe’s universal terms and conditions can also stall your payouts. For example, creating more than one account to claim multiple new player bonuses goes directly against their rules. If you open secondary accounts from the same IP address, home address, or using payment details etc, Betsafe will detect the duplicate accounts and delay withdrawals pending an investigation.

The same goes for using VPNs or other methods to disguise your location and accept offers for certain countries or jurisdictions. Any attempt to circumnavigate geographic restrictions will be seen as fraudulent activity – as will sharing accounts or letting someone else access your account.

Carefully read and understand all of Betsafe’s universal terms and conditions. Violating any of these rules through bonus abuse, proxy use, multi-accounting, etc., will likely result in delays, account restrictions, and stalled withdrawals. Always follow their stated terms to avoid issues.

Payment Disputes

In rare cases, there may be issues with the deposit used to fund your account. For example, if there are any queried or disputed transactions on your account, such payment methods involved with those transactions may be subject to additional checks by the casino. This doesn’t just apply to credit and debit cards, either. 

For example, suppose you have an e-wallet account and any outstanding chargebacks or disputes with the casino. In that case, they will likely ask that you resolve these before withdrawing to your account. This is just standard business practice, and ensures that a casino is not playing into the hands of scammers or fraudsters by paying out withdrawals to a disputed account. 

If you have, for any reason, opened a chargeback or payment dispute with Betsafe Casino and sports book, you should expect that this will need to be resolved before a withdrawal can be made. Please note that Betsafe takes fraudulent activity seriously, including fraudulent chargeback requests – so keep this in mind, as it may impact your ability to withdraw.

Responsible Gambling Limits

Thankfully, it’s improbable that you will ever run into this problem, as doing so would essentially show that Betsafe hadn’t been carrying out their due diligence regarding responsible gambling. However, if your account has broken any of the responsible gambling limits you set up, the site may have grounds to delay or refuse your withdrawal. 

Now, the thing that we are talking about here is self-exclusion. If you self-excluded at one of the other online gambling websites running on the same gaming license as Betsafe and were somehow able to open an account with Betsafe, this would mean you had broken the terms and conditions of the self-exclusion agreement. 

Consequently, if it is discovered that you have more than one account – specifically, created to attempt and circumvent the self-exclusion on your old account –  both accounts are liable to be closed. You are unlikely to receive your winnings.

We would always recommend caution if you have self-excluded at a casino. Check to make sure that any other brands involved with the site you banned yourself from are not linked before joining as this will prevent hassle later down the line.

Large Transaction Size

 it’s coming at any online gambling website for additional checks to be carried out when making a large withdrawal. While this amount varies depending on the site you are playing at, most casinos and sports books will run additional verification checks anytime a player with more than $5,000 or more withdraws.

If you make a withdrawal worth $5,000 or above, you should be prepared that some additional checks may be carried out. Most of the time, the team will simply ensure that you haven’t broken any terms and conditions if you claim bonuses and do not hold more than one gambling account. However, this process can take a few days, so keep this in mind and remember that they are just doing their job and making sure nothing is out of the ordinary.

Usually, if one of your withdrawal requests undergoes a manual review, the casino’s Finance team will email you to let you know what’s happening. Of course, you can always contact a member of the casino’s customer support team via live chat or email to inquire about the status of your withdrawal and find out what’s going on.

Incomplete Payment Details

While, most of the time, you’ll simply be able to withdraw back to the same payment method you deposited using, there are cases where your withdrawal might be stalled if you enter incorrect payment info. For example, if you requested your withdrawal to your EWallet account but missed a character in your email, this would likely result in the withdrawal being rejected. You will be notified via email and must re-submit your withdrawal request using the correct information.

A more problematic issue is if you enter the incorrect IBAN or SWIFT code. If this happens, the bank will reject the transfer and send it back automatically to the casino. However, the time frame for doing so may be pretty long – and it could take several weeks before the funds return to your casino account. As a result of this, we strongly recommend double-checking any bank information you input when making a withdrawal to avoid delays and prevent

Please note: if you enter incorrect or incomplete payment information, and the bank rejects your withdrawal and sends it back to the casino, you may be charged a fee by the casino. This will cover the casino’s costs for the funds to be sent back to the respective payment method. Other such documentation may be required – the boring legal stuff – to prove your ownership of your withdrawal methods.

Game Malfunctions

In 2023 it’s pretty rare to run into game malfunctions, especially when playing games from more reputable software providers like Netent or Microgaming. However, there are situations where you may run into game interruptions. This could be anything from server-related problems to internet connection issues – and, in the more severe cases, malfunctions with the random number generator or the payout system.

Open up any online casino game and you will notice there is a clause within the terms and conditions that states game malfunction voids all bets, all play, and all winnings. Unfortunately, there is very little you can do about this. While casinos may give you some leeway when the payout amount is minimal, if a game clearly malfunctions and accidentally pays you thousands of dollars, you probably won’t receive any of those funds.

If you ever find yourself playing at ultra high-stakes, it may be worth recording your screen if you’re overly worried about this. While it doesn’t guarantee that you’ll be paid out in the event of a machine malfunction, it does improve your chances somewhat substantially of being able to prove your case. 

No-Deposit Bonus Win Cap

Another common withdrawal issue arises when players try to cash out more than is allowed from a no-deposit bonus. No-deposit bonuses at Betsafe come with strict limits on how much you can withdraw in winnings derived from the bonus funds.

For example, Betsafe may offer a €10 no-deposit bonus that lets you keep up to €100 in total winnings. This means your maximum withdrawal would be €100, even if you won €200 from the initial €10. Trying to withdraw more than the stated €100 limit from a no-deposit bonus will result in your payout request being rejected.

Betsafe’s systems will detect you are withdrawing above the promotional amount allowed. Always check the specific terms of any no-deposit bonus for the maximum withdrawal value. These promotional offers require you to cash out within a certain threshold.

Exceeding that €100 limit with your withdrawal attempt will only result in a failed payout. Stick to the exact withdrawal value stated in the no-deposit bonus rules. While it may be tempting to withdraw more, you’ll end up with nothing if you overstep the stated limits. Pay close attention to the withdrawal rules for any no-deposit bonus you accept.

Betsafe’s Payment Methods: A Conclusion

Betsafe offers various payment methods for convenient withdrawals, including popular options like bank transfer, Neteller, Skrill, and Trustly. While Betsafe does not charge fees, some payment method providers may add small transaction costs. Betsafe’s advanced computer system enables fast processing, but you may need to provide relevant details giving remittance information like your BIC and IBANs. 

Verifying your identity and ownership of other payment methods is critical to avoiding delays when withdrawing in another currency. Once approved, Betsafe’s seamless live casino games integration means you can quickly begin playing your favorite games – and, hopefully, soon choose one of the available withdrawal methods to make a withdrawal!

Carefully review the terms for each payment method, including maximum limits and processing times. Although bank transfers are slower, their high limits suit big winners. Just remember, like all online casinos, not all payment method provider options will be available to players in all countries.

For most players, e-wallets like Skrill offer the optimal blend of speed, reasonable fees, and accessibility of funds. Avoid issues by double-checking your details and following all necessary verification steps for your chosen payment method. With an unmatched variety of withdrawal options, Betsafe makes it easy to access your winnings securely. 

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