How to Withdraw Money From Betsson: Helpful Guide

Article by : Divya Gandotra Oct 3, 2024

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When you win real money, you need to cash it out. This process is simple and takes up to a few minutes, though you may need a bit longer, considering the processing time. Our SlotsUp team prepared a thorough Betsson money withdrawal guide explaining how to request a cashout and what terms should be considered. This guide is based on our experience at Betsson, so you’ll access screenshots with steps and a detailed explanation of each step.

How to withdraw money from Betsson

The steps below display how to withdraw money from Betsson, considering our experience while testing. We signed up for the site, deposited, played at the casino for a while, and requested a withdrawal then. Leaving a cashout request took us up to a few minutes since the site has intuitive design and isn’t overwhelmed with loads of fields and details. That’s what a Betsson withdrawal guide looks like:

1. When you’ve got an amount you can cash out, you need to log in and click on the ‘Withdraw’ widget.
   
2. Then, you need to enter payout details and the amount to withdraw. In our case, Betsson prompted a bank transfer method and required IBAN, name, and surname.
   
3. Once the details are added, you need to enter the withdrawal amount within your limit and click on the ‘Withdraw’ button below.

We should note that our guide on how to withdraw money from Betsson is based on the Brazilian location and the EUR account currency. That’s why we were prompted to apply only a single option within €20 to €50,000 limits. However, when you access the site from another country, payout options may vary, as well as the limits.

You may also want to learn one more thing about Betsson: how long does a withdrawal take? Since we left a request through a bank transfer, we were waiting for 5 business days to get a payout. Experience shows that bank wires are the longest payment method. If you want to get a payout faster, make sure that your account is verified and opt for payout options like e-wallets and cryptos once they are available in your country.

Withdrawal limits & fees

Your payout limits will be different depending on your location and the banking option you choose. Our experience showed that the withdrawal limit per transaction via Bank Transfer is €20 to €50,000. However, it may vary for your location and banking options.

Before requesting a cashout, you can learn basic things about Betsson: how to withdraw money, what methods are available in your location, and what limits are applied. We also recommend players paying attention to conversion rates if the account currency is different from a withdrawal method.

During our test, we didn’t come across fees. However, the terms specify that withdrawals without turning over a deposit amount may be associated with fees on the casino’s discretion. These fees may be applied to the previous deposit/s too. Additionally, T&Cs specify that Betsson may charge a 2% fee of the transaction value, but not less than 5 EUR, when players have over 25 approved withdrawals within a single month.

If a fee is applied by Betsson, this will be specified at the cashdesk. Thus, you won’t face a problem with you request a cashout of a certain amount and get a lower payment then.

Reasons why you cannot withdraw money from your account

Of course, you need to have funds on your balance to get a withdrawal. However, there can be some more tricky reasons which won’t let you cash out from Betsson. Mainly, they are associated with specific aspects in T&Cs. When you say ‘I can’t withdraw my money from Betsson’, don’t worry and give yourself some time to analyse the situation. From experience, we can highlight several most common reasons explaining why you cannot withdraw money from Betsson:

• Withdrawal limits: Some methods can accept €20 cashouts, while others may require a larger amount, depending on your location and available options.
• Deposit turnover requirements: Betsson requires wagering the deposit amount. Otherwise, it may charge certain fees or reject the withdrawal request.
• Pending Account Verification: Betsson requires verification of your identity and, in some cases, payment method, so you may need to do it to cash out.
• Payment method issue: You may face a rejection when you haven’t used the withdrawal method for depositing, which should serve as verification.
• Frozen or restricted account: when an account is under investigation or has been flagged for suspicious activity, Betsson doesn’t process cashouts.
• Technical problems: Temporary technical or server issues could hinder withdrawal requests. Yet, our experience shows that it’s not common for Betsson.

When you meet these requirements and still have an issue with your cashout, feel free to contact customer support. Open the chat and write something like ‘Betsson won’t let me withdraw’ to the manager, adding your account details like an email address and a full name, to find out the reason for your particular account.

T&Cs Associated with Withdrawals at Betsson

When our SlotsUp team works on a Betsson casino review and its withdrawal guide, we also consider T&Cs associated with cashouts. Thus, we can warn you what aspects should be considered to make your payout process smooth.

First, we should note that Betsson takes verification seriously. That’s why you may need to verify your bank card you want to use for a withdrawal. During verification, you should send a photo of a card where the first 6 and last 4 digits are visible, while CVV is hidden. Additionally, the casino requires players to withdraw through the methods which have already been used for depositing. Prepaid vouchers and other methods which don’t process cashouts are an exception.

The other essential aspect is canceling any outstanding before leaving a withdrawal request for all your funds. The deposit turnover requirement also takes place. Betsson requires turning over an amount that is equal or more than the amount deposited. If this isn’t met, the casino may charge extra fees or reject the withdrawal.

How to cancel a withdrawal at Betsson?

When you request a cashout from Betsson, the funds aren’t withdrawn instantly. For a certain period during the check on the casino’s side, the request is pending. During this period, a player may cancel a withdrawal. Depending on how long does a Betsson withdrawal take for your banking option, you may have such an option, especially with bank transfers which take a long time to cash out. Here’s a guide to canceling a withdrawal request at Betsson:

• Log in and head over to the withdrawal section of your Betsson account.
• Check whether your withdrawal request is pending.
• Choose the withdrawal you want to cancel.
• Double-check the details and confirm the cancellation

This means that in a few seconds, the funds will return to your Betsson balance. This may be helpful when you decide to play again and don’t want to make a new deposit. However, you should note that you can only cancel withdrawals that haven’t been fully processed yet. Once processed, cancellations are not possible. If you need help, contact Betsson’s customer support to clarify the status of your withdrawal and to cancel it.

Verdict

In this guide, we’ve explained how to withdraw money at Betsson, considering our experience and basic T&Cs of the casino. As you can see, the process is straightforward and won’t take you much time. However, you should be attentive to detail, considering different terms and limits.

Comparing Betsson to most competitors, we can add that the site not only has flexible payout limits but also has good conditions to withdraw money. Limits of up to €50,000 daily are huge and suitable for high rollers. The processing time is also quick, though you shouldn’t forget that bank transfers can take longer.

We also researched why the casino may cancel your request, and statistics show that in most cases, this can be quickly fixed. For example, you may simply need to choose an alternative banking option. With the knowledge of how to withdraw money from Betsson and our guide with each step explained, you can enjoy a safe experience on the site and get fast payouts.