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The complete guide on how to withdraw funds at BetObet

We have researched everything you need to know before you withdraw funds at BetObet, from the processing times to the different withdrawal options. On most gambling sites, withdrawing winnings isn't as easy as making deposits, so you have to be careful not to forfeit your winnings. Also, compared to deposit methods, withdrawal options don't come in a long list and aren't as fast. 

To get your withdrawals processed in due time at BetObet, you need to be proactive. The thrill of winning your sports bet is only matched by the awesome feeling of receiving your cash in your hands. This can be a frustrating process with some bookies but fortunately there are no such issues with BetObet. There are a few formalities before you can withdraw your funds like the verification of your personal documents. There are multitude of ways to withdraw funds and these include e-wallets, several cryptocurrencies such as Bitcoin, Ethereum and Ripple, online banking methods like VISA and MasterCard, and prepaid cards like Scardu. Withdrawals can of course only be processed for active/ valid accounts. You cannot withdraw funds if you have not met the wagering requirements on any bonus offers e.g. The Welcome Bonus. If an attempt is made to withdraw before these requirements are met, then the bonus could be declared null and void. 

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The different methods to withdraw your winnings at BetObet

The registered players may only withdraw using the same method they used to deposit if they used a Visa card to deposit they can only withdraw using a Visa card account. A registered player can withdraw up to 3 000 USD (or equivalent to $ in other currencies) from his BetObet account per week. Players with special VIP accounts can withdraw larger amounts if granted a concession at the discretion of the bookie. If a player makes a series of withdrawals during a 30 period, then the bookie is liable to charge a 3% withdrawal fee to cover the administrative costs of the transactions. The fee could be higher than 3% but this is the minimum fee charged. In an age where punters are spoilt for choice when choosing a bookie, the withdrawal options play a major decision in the punters eventual choice. Some of the newer withdrawal methods are the e-wallet options which have become extremely popular at BetObet because of the super-fast transaction times. The traditional withdrawal methods of bank account transfers and credit cards can be frustrating as very often there are delays with these methods. The general withdrawal times with these methods are anywhere between 24 hours and 72 hours. It is a great pity if you have to wait up to three days to get your winnings in your hand. 

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Requirements that need to be adhered to before making a withdrawal at BetObet

BetObet has the following clauses attached to their bonuses and these are some of the withdrawal charges you will pay if you attempt to withdraw before meeting the requirements.  BetObet reserves the right to charge withdrawal fees to cover administrative costs. Sports wagers placed on odds less than 1.5, casino wagers with minimum/no risk, Cash-out bets, Tie (Draw), Cancelled, Refunded, denied bets will not count for the wagered amount. In such cases, the following withdrawal fees shall apply: Up to 3 times the wagered amount shall incur a minimum 6% of the withdrawal amount and between 3 and 5 times the wagered amount shall incur a minimum 3% of the withdrawal amount. BetObet reserves the right to request additional confirmation and verification of a person's identity if there are any discrepancies between the personal information provided by the registered player during registration and those of the Registered Customer's payment method of choice.

Credit card withdrawals require the following documents before they are processed 

  • Copy of identity card
  • Copy of back and front of your credit card
  • Bank account statement or utility bill with your current address
  • Additional identity verification documents
  • Withdrawals requests will be handled within 72 hours from the acceptance date, and are subject to the fulfilment of wagering/betting requirements
  • Withdrawals requests of less than 5 Euro will be charged with a fee of 5 Euro
  • Withdrawals made without any betting activity, will be charged at 50% processing fee

BetObet may have a plethora of withdrawal options but it is important to note the varied processing times taken for the different methods. The best option in terms of speed is definitely the e-wallet options and this method does not need added personal information verification. 

To get more information about BetObet, you can head over our BetObet review.

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