NaijNaira
BetKing is one of Nigeria’s leading betting platforms that has carved a niche for itself in the branding, redefinition of services to customers and expansion of the business aspect.
One of the areas of services where BetKing is incomparable is the rapid activation of winnings and payment of funds for their customers – a feature that is the joy of every bettor.
However, only registered customers of Betking are allowed to make withdrawals on the platform.
So, we will in this piece reveal BetKing’s wide variety of withdrawal methods and the accelerated processing of payments, while we also highlight the various limits such as the BetKing withdrawal limit and the minimum withdrawal limit.
What is Betking’s withdrawal and verification process like?
Contrary to what the withdrawal process is like across other betting platforms, BetKing offers customers an easy process of money withdrawal.
Users can initiate, complete and have the funds disbursed in the bank accounts linked with their BetKing accounts in a matter of minutes. However, BetKing will not pay customers that haven’t undergone the Know Your Customer (KYC) verification process.
It’s therefore advisable to go through the KYC process after creating an account on BetKing.
The verification process is in line with the regulations of Nigeria’s anti-graft agency – the Economic and Financial Crimes Commission (EFCC).
Meanwhile, customers with winnings above ₦300,000 are required by law to provide a valid means of identification. This also applies to all subsequent withdrawals after the first KYC verification.
What is Know Your Customer (KYC) Validation on Betking?
The KYC feature on BetKing enables customers to carry out a mandatory identity verification.
It’s a very simple process that entails providing a valid and acceptable means of identification before winnings, especially from ₦3000,000 to be paid out as said earlier.
Either a user’s international passport, driver’s license, voter’s card, national identity card or a corporate affairs commission (CAC) document is required.
Irrespective of the document tendered for the verification process, the document must contain the customer’s photograph and legibly display the user’s official name and date of expiry.
If there is other relevant information on the back of the document, it should be scanned and sent as well.
Customers can validate their identification by:
- Log into the BetKing account.
- Click on the validate link.
- Upload an ID document (Include a picture of the back, if there is other
- relevant information there).
- Then, click on submit.
The support team will review the details of the customer and revert within a few hours once the details have been updated.
Withdrawal on BetKing
Withdrawals on BetKing are done via Bank transfers. Usually, withdrawals via Bank transfers are free, but on BetKing, fees may apply at times.
The bank withdrawal process on BetKing is elementary so much so that a rookie will find his way around the withdrawal process effortlessly.
Nevertheless, we will still show you how to withdraw money from BetKing.
The minimum withdrawal amount is ₦1000, while the maximum withdrawal is ₦40,000,000.
To withdraw, customers are to use the following steps:
- Logging on to BetKing with the username and password.
- Under the user area menu, on the left side of the website, click ‘My Account’.
- Click thе withdrawal button аnd еntеr yоur ассоunt numbеr. Yоu сhооsе thе mеthоd yоu wаnt tо usе fоr withdrawal.
- Click on the drop-down arrow
- Select your bank name
- Input the amount you want to withdraw
- Click on ‘Accept’ to complete the transaction
With the process described above, customers can make withdrawals from their BetKing accounts without hassles and money will get to their bank account sooner rather than later.
BetKing Withdrawal Rules
BetKing has a list of set rules governing deposits and withdrawals on its site. It’s therefore imperative that bettors get familiar with these rules in order not to be caught off guard.
Below are some of the rules.
- Funds deposited in the account, as well as winnings not yet credited, do not attract any interest.
- All withdrawals from BetKing will be subjected to an audit before being processed. If the audit shows that the customer has violated the terms of use, BetKing may reclaim winnings or bonuses previously attributed.
- Withdrawals will be disbursed to the account the user provides. Withdrawal may be subject to details of the account holder, matching the details of the account holder.
- BetKing may delay the withdrawal of any fund if they have reason to believe the winning amount is incorrect to allow them to investigate.
- Withdrawal requests for funds deposited with no history of bets placed will not be processed.
With the aforesaid steps to withdrawing on BetKing, you can see that the bank withdrawal method on the platform is extremely straightforward provided the users follows all the guidelines and withdrawal rules.
Meanwhile, the importance of a match between the Bank account holder and user details cannot be overemphasized as well as the KYC verification process which enhances future withdrawals.
