BetNow’s slogan is “we make it simple.” While that may be true for placing bets, their payout process could use some simplification. The company offers little information on their website about withdrawal methods, time frames, and associated fees. So we’ll demystify the process by answering all of the questions you may have about how to take out money from your BetNow account and precisely when you can expect your payment.
How long will it take to get my payout from BetNow?
That depends upon the method you’ve selected. Credit Card Refunds can take up to seven business days, while MoneyGram transactions typically take under 24 hours. Here is a table of their payout times:
|Method||Processing Time Frame||Notes|
|Bank Draft||5 business days||$3,000 maximum|
|Bank Wire||5 business days||$3,000 maximum|
|Bitcoin||2 business days||$2,500 maximum|
|Credit Card Refunds||7 business days||Only available to customers who make credit card deposits|
|Direct Deposit ACH||3-4 business days||$1,500 maximum|
|MoneyGram||24 hours||$300 maximum|
Does BetNow actually deliver on its quoted time frame?
Yes. BetNow has one of the longer advertised time frames in the industry, but they did an outstanding job lately of delivering Bitcoin payouts in a speedy and efficient manner from July 2018 until January 2019. Their average payout speed crept up to 48 hours in February, but it seems likely that’s just a temporary aberration.
Take a look at the graph below to see how their payout speeds have fluctuated over the past 10 months.
How do I withdraw money from BetNow?
BetNow customers can request a payout at any time by accessing the website’s online cashier or by calling the site’s toll-free number at 1-844-823-8669.
Withdrawals are available through Bank Draft, Bank Wire, Bitcoin, Credit Card Refunds, Direct Deposit, and MoneyGram. We’ll tackle each method separately below.
Bank Draft: Bank Drafts are ideal for customers looking to withdraw larger sums. The minimum withdrawal amount is $100, and the maximum amount is $3,000. Processing fees can add up to $85, depending upon the amount requested.
Bank Wire: Bank Wires are safe and secure and typically take five business days to arrive.
Bitcoin: Bitcoin withdrawals are among the fastest and cheapest options available at BetNow. There is no fee attached and they’re often processed in under 24 hours. The minimum withdrawal amount is $100, and the maximum is $2,500.
Credit Card Refunds: Credit Card Refunds are available exclusively to customers who make credit card deposits. BetNow says they take seven business days but admit that they sometimes take much longer to process.
Direct Deposit ACH: The minimum withdrawal amount for Automated Clearing House (ACH) transactions is $100, and the maximum is $1,500. A flat fee of $70 applies.
BetNow’s odds have been featured on ESPN, Fox Sports, Sports Illustrated, and Forbes.com.
MoneyGram: MoneyGram payouts are typically processed in under 24 hours and are an excellent solution for customers who need their money in a hurry. There is a catch, however, as the maximum amount allowed is $300 and the fees can cost as much as $35 per transaction.
“I received $375 via Bitcoin in less than eight hours. Very impressed with these guys so far.” (August, 2018)
Are BetNow customers generally happy with their payout experience?
BetNow has only been around since 2015, so there’s relatively little chatter about them online compared to other more established sportsbooks. However, that isn’t necessarily a bad thing. Although you’re unlikely to find over-the-top reviews about BetNow, you’re also unlikely to find negative posts bashing their customer service or withdrawal times.
BetNow’s customers generally seem to be happy with their payout experiences and don’t seem to mind the longer-than-usual wait times or the higher-than-average withdrawal fees. We’ll continue to monitor the Web in the months to come to see if they become more vocal.
BetNow has largely flown under the radar since launching in 2015, but has garnered a reputation for consistently paying bettors.
What can I do to make sure my BetNow payment isn’t delayed?
- Verify that BetNow has your correct mailing address and phone number on file
- Make sure the name on your file is the same as on your legal ID
- Make sure BetNow has a selfie of you holding your driver’s license
- Make sure you have enough money in your account to cover your requested payout
- Make sure you’ve made at least one successful deposit into your BetNow account
- Make sure to have your account number and password handy before speaking to a customer service representative
Check back regularly to see updates on BetNow’s payout schedule and to read feedback from real customers about their personal experiences. You can also read our full BetNow review to learn more about sportsbook.