Why is my Kingbets withdrawal taking so long?

Short Answer: Your Kingbets withdrawal may be taking long due to pending FICA verification, a required security review, or the specific processing times of your chosen payment method. The terms also state that large deposit transactions may trigger a verification delay of up to 72 hours before a withdrawal is approved.

Additionally, electronic payments are only processed Monday to Friday between 09:00 AM and 16:00 PM.

1. Verification and Security Reviews

According to the Kingbets General Terms and Conditions, all withdrawals are subject to verification. If your FICA documentation is incomplete or if your account details do not match your banking records, the request will be suspended. Furthermore, the company reserves the right to verify the legitimacy and source of substantial deposits, which can result in additional processing delays of up to 72 hours.

2. Payment Method Processing Times

The time it takes for the funds to reach you depends on the chosen method. OTT payouts are immediate, while OZOW and Peach payments use real-time clearance. Standard EFT transfers take 24 to 48 hours. However, no electronic transfers are processed over weekends or on South African public holidays. The timeframes are calculated from the moment your withdrawal is marked as paid.