What is probably the most important thing for every bettor is money. This is also the reason why people start betting because they want to combine business and pleasure by making money on their hobby. So, once punters have already a certain sum of winnings on their gaming account, they want to get them as soon as possible. 

Hollywoodbets betting site is a convenient place for making bets because it offers quite a lot of options either for replenishments or withdrawals. In this article, you will find out all you need to know about payouts of your winnings from your Hollywoodbets account. So, if you want to uncover all possible methods on how to withdraw money from Hollywoodbets, just go on reading. 

“There are quite a few methods of payout offered to South African betting fanatics by Hollywoodbets: your regular EFT, mobile money and online wallets, ATM. Everything a bettor needs to win,” comments Dipo Lukman, a sports betting expert at Takebet.com.

However, if you are looking for betting companies in South Africa that will grant you the possibility to win a mega jackpot or a promo code that will give you access to a lucrative welcome bonus or deposit bonus, then you should follow the link. There you will get the best betting sites with a welcome bonus in South Africa

What are withdrawal methods in Hollywoodbets

As mentioned before, the Hollywood casino offers punters several methods for paying out their money. These are:

  • Instant Money. If you decide to use this option for withdrawal, you will acquire a special pin code or voucher through SMS and then you may get your funds using a standard bank ATM or at the food shops such as Game, Cambridge, Makro, etc. 
  • Nedbank & MobileMoney. In order to cash out your winnings using this payment method, you will need to use Nedbank ATM where you should enter your mobile phone number and a pin code that you have received in your account at the sports betting site. 
  • FNB Ewallet. In order to get your code for withdrawal using this option, you should use the combination *120*277# and then provide it in FNB atm. 
  • ABSA Cash Send. You will obtain a special code that consists of ten numbers that you will need to provide in the ATM together with a special access code of the bookie 123456 to cash out your winnings. 
  • EFT Withdrawals. This is the quickest way to withdraw your funds directly to your bank account.

If you need a step-by-step guide on how to complete Hollywoodbets withdrawal, here it is:

  • Open a Hollywood account. 
  • Go to the section “Withdrawals.”
  • Enter the amount of money you want to cash out.
  • Choose the way you want to get your money (direct transfer to your bank account or a voucher). 
  • Confirm the transaction. 

Do you need to finish the verification and KYC before withdrawing?

What also needs to be mentioned in this Hollywoodbets review is that you must complete the identity verification procedure to acquire a payout of your funds. You may skip this step and move on to making a deposit and submitting stakes on various sports disciplines and betting markets at high odds proposed by the bookie. You may also claim a Hollywoodbets bonus and take advantage of free bets. However, for withdrawals, the successful completion of the KYC process is required. So, you need to confirm your identity to be able to get your funds. 

Are there Terms and Conditions when withdrawing?

The minimum amount of money that is required for the payout is 6 USD while the maximum number of funds that you may obtain per transaction is 200 USD. It is crucial to remember that you are allowed to cash out your winnings only to a South African phone number. 

What are the commissions and timelines of your withdrawals depending on the payment method?

You should bear in mind that the payments are processed only from Monday to Friday during banking hours. If you will ask for a payout on Sunday or Saturday, it will be completed during working days. 

The withdrawals are usually processed within 24-48 hours. If you do not want to wait, you may withdraw your winnings at one of the Hollywoodbets branches. All you need to do is to carry your passport and the number of your account at the betting site with you. 

When it comes to the commission for operating, it is not charged for the first payout. However, there will be certain fees depending on your bank on the subsequent withdrawals that you perform. 

If you use the Instant Money option for withdrawal, you will receive a message with your code instantly. If you choose FNB, you need to have a positive balance to dial a special code. With ABSA, the payments are processed only from 6 a.m. to 8 p.m. from Monday to Saturday and from 6 a.m. to 5 p.m. on Sunday. With Nedbank Send-iMail, you will obtain your pin code from 6 a.m to 6.30 p.m from Monday to Friday. 

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