The BetKing withdrawal system is better as the brand is revamping its services to attract more Nigerian punters. See here how to withdraw from betking. Enter the BetKing promo code: BONUSBET during registration to opt for a free bet offer.
How can I withdraw my BetKing bonus?
The company claims that all promos/bonuses are subject to some wagering conditions. Therefore, you must observe the acceptable markets, minimum odds, and rollover requirements.
How to withdraw money from BetKing?
Learning how to withdraw your winnings from your BetKing account is important. However, only withdraw money from BetKing if your bankroll is above the operator’s minimum withdrawal amount.
Cashing out your winnings at BetKing is an easy process. However, your profile must be KYC compliant and have a valid withdrawal method under your name. Remember that your winnings must be ₦1,000 or more for the transaction to be successful.
How to withdraw from your BetKing account to your bank account
The brand needs to catch up regarding payment methods since it only processes payouts through wire transfers. If you’re a minor, don’t bother learning how to withdraw since you might not get paid until you attain 18+ years.
If you meet all the payment conditions, you may complete the BetKing withdrawal process to get your winnings. The steps below highlight how to withdraw money at BetKing.
- Visit the official BetKing site and get logged in.
- Head to the far-right section of the navigation menu and click the ‘My Account’ icon.
- Under Settings, tap the ‘Withdraw’ tab and select ‘Withdraw Now.’
- If it’s your first withdrawal, key in your bank details (full name and account number) and save the info.
- Pick your payment gateway.
- Enter your withdrawal amount (₦1,000 or more).
- Hit the ‘Proceed’ button.
What are BetKing withdrawal rules?
Currently, BetKing only supports bank transfer withdrawals. It claims it doesn’t impose any withdrawal fee, but your bank might charge a processing fee. Moreover, transactions are instant. So, there might be some issues if you experience delays.
The operator has published BetKing withdrawal rules on the site’s general help page. It is advisable to peruse the payment policy section to understand the dos and don’ts of BetKing withdrawal. However, the most important sections include KYC documentation, minimum/maximum limits, and bonus terms.
KYC verification
You may only be eligible for BetKing withdrawal if your BetKing account is KYC verified. Therefore, ensure you have supplied your photo ID for identity and age confirmation before making any transactions. Hence, it is better to email your documents to the support team immediately after completing the BetKing registration process.
Withdrawal limits
The operator only approves and processes bank transfer payment requests that are within acceptable limits. The minimum withdrawal value is ₦1,000, while the max cap is ₦10,000,000. Any payouts above or below the range cannot be processed.
Bonus terms
You should fully comply with the bonus terms of any offer you might have claimed prior to cashing out. If you initiate a payout while having an active promo/bonus, the platform may forfeit any accrued winnings.
Withdrawal delays
Some banks take more time to clear payments during busy days, affecting the overall BetKing withdrawal time. For that reason, some transactions might delay for up to 24 hours. Therefore, it is advisable to wait for one banking day before contacting support since it might cause email overload.
In case of network issues, the operator might return your money to your BetKing account. If this happens, you may reinitiate your cash-out request at any time.
What is the minimum withdrawal on BetKing?
Learning how to withdraw money is not enough to successfully cash out at BetKing. It is essential to know the minimum withdrawal limit to avoid frustrations. At the moment, BetKing’s minimum withdrawal amount stands at ₦1,000 per transaction.
How much is BetKing maximum withdrawal?
As you withdraw money from BetKing, don’t exceed the ₦10,000,000 max cap per transaction. Your withdrawal request might fail if you set a higher value.
Can I cancel a bet?
No, you cannot change the markets or cancel the bet once you review and submit your bet slip. However, the company can suspend a market or even cancel your bet if it doesn’t meet some terms.
If you have a coupon ID, you may cash out while a bet is still running. You just need to get the latest coupon and enter it in the “Coupon Check” section. Once you settle the wager, the cashout amount will reflect on your BetKing account balance. However, remember that the final result of the wager will not count, even if your prediction is correct.
How long does it take to withdraw from BetKing?
Withdrawals are instant since the operator doesn’t put your winnings on hold. However, if it is your first BetKing withdrawal request, your payment might delay for about 24 hours.
During this period, the sportsbook performs security checks to verify if your banking details match your account information. Similarly, if you request a massive payout, the platform might request for additional KYC documents before processing your winnings.
Do I need ID to withdraw from BetKing?
Yes, a KYC check is mandatory because the operator needs to check your identity and age before releasing funds. Therefore, having your national ID is essential since the operator might request you to supply your documents.
However, BetKing’s payment policy states that KYC verification is a one-time thing. Therefore, you may not require your ID during subsequent withdrawals, especially if the amounts are small.
Problem with BetKing withdrawal
Online transactions are convenient, but they come with many risks, including fraud, identity theft, and money laundering. To create a safe betting environment, the operator runs complete security checks before approving any BetKing withdrawal request. Hence, you might encounter some withdrawal issues if your BetKing account doesn’t pass all security checks.
Why is my BetKing withdrawal pending?
When you cash out without completing KYC verification, the system will put your withdrawal request in a ‘pending’ state. The operator will send you a message to supply your photo ID to get your winnings.
What should I do if I can’t withdraw from my account?
The brand doesn’t have many payment methods. Therefore, you might be unable to withdraw if you don’t have an active bank account.
If you can’t withdraw or have questions on how to withdraw money, you should contact the sportsbook’s customer support team.
Why was my withdrawal rejected, and what should I do?
The company can reject your payout request if you don’t observe some withdrawal terms. First, your transaction might fail if the name on your BetKing profile doesn’t match the one on your account number.
This might happen if you use your nickname or supply another person’s banking details. If your name is incorrect, you may contact the sportsbook’s support team to update your name.
You might also face the same withdrawal problem when you try to withdraw your deposit. The site’s wagering conditions state that you must wager more than 60% of your deposits before cashing out.
This is necessary since it helps combat fraud and money laundering. Nevertheless, you might contact support and request them to refund your unused deposit if you funded your account by mistake.
Lastly, if you cannot provide KYC documents or are a minor, your payout request will automatically fail. The only solution to this problem is to supply all documents necessary for completing verification checks
