How does the Kingbets withdrawal reversal process work?

Short Answer: A Kingbets withdrawal reversal occurs if a request is found to be erroneous or remains pending with the payment gateway. If reversed, the funds are credited back to your Kingbets wallet, not an external payment method, and a ZAR30.00 administrative fee is deducted from your balance.

However, once a withdrawal is marked as Paid and confirmed by the provider, it is final and cannot be reversed.

1. When a Reversal Happens

According to the Kingbets General Terms and Conditions, reversals are only processed if a withdrawal is identified as erroneous or has not yet been successfully processed by the payment gateway. Once the payment service provider confirms that the transaction has been credited to your nominated bank account, mobile wallet, or other instrument, no reversal shall be granted under any circumstances. The status must be pending or failed for a reversal to be considered.

2. Fees and Processing

Any approved reversal is subject to a processing, administrative, and reversal fee of ZAR30.00. This fee is deducted directly from your Kingbets wallet balance. It is important to note that if a withdrawal request is marked as Paid, it is deemed final and irreversible unless approved at the sole discretion of management in writing. Always double-check your banking details before submitting a withdrawal to avoid unnecessary fees.