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Betway Payment and Withdrawal Methods January 2024 When it comes to depositing and withdrawing at this betting site, there is a massive choice of Betway payment methods that you can use. Customers can choose from Maestro, Neteller, Skrill, Visa, Paysafecard, Visa Electron, ecoPayz, Euteller, Trustly, iDebit, eCheck, SOFORT Banking, and Neosurf. Betway is also a PayPal site so you can make payments via PayPal. Depending on your region you can also use alternative methods such as InstaDebit, Giropay, Ukash, Echeck, bank transfer, and Payspark. The payment process at Betway is very smooth and easy. The operator does not charge customers for deposits and withdrawals. Since the site provides its services to customers worldwide, they accept various currencies like AUD, EUR, CAD, GBP, NZD, DKK, USD, NOK, CHF, SEK, and RUB.
Like most of the top online betting sites, Betway provides a long list of deposit methods allowing punters a great choice of deposit options. The list begins with traditional methods such as credit cards and bank transfers. They also avail the world’s popular e-wallets like PayPal, Skrill and Neteller.
On creating your account you should strictly make your first deposit using PayPal or your credit card. This condition only applies to customers who want to claim the welcome bonus. At Betway deposits get processed instantly no matter the method you use. Betway caters for all types of punters starting from low stake to high stake bettors. They do so by accepting deposits as low as £10 and as high as £100,000.
It is fair to say that the banking options at Betway are on par with the payment methods at bet365, its main UK rival. But better than many other competitors in the online gambling industry.
Which Credit and Debit Cards Are Accepted?
Yes, Betway allows you to make payments using credit and debit cards. Credit cards like Visa and Mastercard are the most common payment methods used at Betway. Making a deposit using your credit or debit card guarantees that you’re the funds will be available immediately. Another huge benefit of using credit and debit cards is that there are no fees charged. On the other hand, withdrawals made to credit or debit cards take about 1-7 days to get processed. Just like deposits, there are no fees charged on withdrawals made using these cards.
Is PayPal Accepted?
PayPal betting is becoming more popular and there are lots of good reasons. Betway supports PayPal payments so you can comfortably deposit and withdraw your funds via this payment method. One of the main things that make PayPal popular is tight security. This payment method is safe, quick and simple. All deposits get processed instantly while withdrawals can take 3 to 24 hours. In addition to this, for you to qualify for the sign-up bonus at Betway you have to make your first deposit using PayPal. All payments are free of charge, unlike other payment methods which deduct service fees from your money.
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2024-01-06
Reading time 1:48 min
Online betting giant bet365 has announced £2.8 billion ($3.4 billion) in 2024 revenue, corresponding to the financial year ended March 27, a figure that implies a 2.9% increase from the prior-year period. However, increased customer acquisition costs in new markets led to an almost 90% drop in profit, which totaled £49.8 million ($60 million) – down significantly from the £469 million ($565.8 million) profit reported in the prior-year period.
While sports betting revenue declined by 2% year-on-year, gaming revenue climbed by 25%. The decline in sports gaming revenue was margin-based, as the total amount wagered increased during the period, and the number of active customers rose by 48%.
As for the sharp drop in profit, the gambling giant primarily attributes it to £320 million ($386 million) in extra administration expenses, which include advertising in new markets and investment in IT infrastructure and technology. Recent launches for the brand include Buenos Aires, Argentina; Colorado, US; Ontario, Canada; and the Netherlands.
Elsewhere in its report, the company noted staff numbers for the period rose to almost 6,100, up from 5,400 in the prior financial year, meaning staff costs were also up. However, some of this was offset by lower pay for directors, including chief executive Denise Coates — the company’s highest-paid director —, who received £213.4 million ($257.6 million), down by 16.5%.
Denise Coates, bet365 CEO
The company also discussed safer gambling in its report, stating: “The group is committed to delivering a safe environment for its customers and we continued to invest significantly in this area.” Improvements are being made to bet365’s Early Risk Detection System (ERDS), models that allow the group to identify and interact with customers at risk of, or experiencing, harm.
“Evaluation of ERDS continues to demonstrate a highly positive impact on player behaviour and an increased use of gambling management tools,” said the operator, which added it continues to look forward to the publication of the UK Government’s long-delayed White Paper as part of the ongoing review of the Gambling Act.
As for product development, investment in technology led to development with a specific focus placed on trading platform capability. Specific novelties include website enhancements; the introduction of a new Golf product and updated visuals within the Virtual Sports offering; the development of “Bet Builder” to introduce Rugby League, American Football and Australian Rules; the extension of the Match Live product by adding two esports games, and more.
While the latest financial results may be somewhat disappointing given bet365’s major scale, the company still has much to look forward to in its next financial year report — especially given it will be impacted by the recent 2024 World Cup, expected to boost operations.
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