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Best Betting Sites Players need to complete their FICA verification process and, in some cases, fulfill wagering requirements. This article will discuss the Topbet withdrawal process in South Africa and how to complete the FICA verification.
What is FICA Verification and How to Complete the Process
FICA is an acronym for Financial Intelligence Centre Act 38 of 2001. FICA was implemented in South Africa in 2001 to safeguard banking consumers and combat financial crimes. This includes money laundering and terrorist financing.
Since it’s in the betting company’s best interest to know its customers, FICA requires the betting company to keep accurate and up-to-date records of them.
Topbet is a trustworthy company that has to follow the rules set by the Financial Intelligence Act. Customers’ information given to Top bet must be verified in accordance with FICA and gaming rules.
Before you get your cash out, the customer must provide the following documents as proof of identity:
- South African ID document
- Valid Passport
- Driver’s Licence
Players can submit any of these documents in two different ways. The first is through email. Players are to send a copy through email to fica@topbet.co.za.
The second is through a WhatsApp message. Players can send a copy of any of the required documents to a WhatsApp number (066 373 9194). Note that your email and WhatsApp number are the same ones you used to register your Topbet account.
How to Complete the Process
To comply with FICA regulations, you can complete your verification by following these steps:
- Sign into your Topbet account. 1
- Navigate to the page labeled “Upload FICA.” 2
- Choose the right document you want to upload. 3
- To prove who you are, you may submit a photo of your passport, driver’s license, or national ID. Also, you can upload a photo of your most recent utility bill to prove where you live. 4
- If everything goes smoothly, the customer support will let you know. Upload whatever files the reps may request to keep your account active. 5
You cannot pass FICA without a Topbet account. Read our guide to find out how to get one.
How to Withdraw From Topbet
| Name of Payment Method | Type of Payment Method | Withdrawal Time | Minimum/Maximum Amount for this Method |
|---|---|---|---|
| EFT | EFT | 8 – 15 business days | R100 – R1,500,000 |
| Instant Money | Instant Money | 2-5 business days | R100 – R5,000 |
In this Topbet payout review, we’ll be listing the available withdrawal methods. Here are the two ways you can withdraw from Topbet.
For Instant Money
The minimum withdrawal is R100 while the maximum withdrawal is R5000.
- Simply sign in 1
- Choose “My account” from the menu. 2
- Click on “My Transaction” then click on “Withdraw” 3
- Just pick your favorite/preferred withdrawal method and go from there. 4
- Fill out the withdrawal amount field. 5
- Put in your bank information. 6
- Click the “withdraw” button. 7
When making a withdrawal, the time it takes might change based on the method used to make the transaction.
For EFT
The minimum withdrawal is R100 while the maximum withdrawal id R1500000
- Simply sign in to your account. 1
- Pick the “MY ACCOUNT” tab. 2
- Visit the “MY TRANSACTIONS” tab. 3
- Pick the Withdraw button. 4
- Transact with INSTANT MONEY by updating your information. 5
- To proceed, please provide your PHONE NUMBER. 6
- Type the Amount and hit the Send button. 7
Cash out Terms and Conditions
Topbet accepts bank accounts and EFT withdrawals. In certain cases, it may take up to seven business days for a withdrawal to show up in your account after you request it. You can withdraw between R100 and R1,500,000, depending on your withdrawal method.
When players meet the turnover threshold, they can claim any winnings they’ve made using bonus money. They must also comply with the bonus’s wagering requirements. Each player must first make a real money deposit before requesting a withdrawal.
A player must submit the required FICA documentation for a withdrawal to be processed. They need to prove that they are in compliance with FICA regulations.
Conclusion
While there aren’t many withdrawal methods, players can rest easy knowing that Topbet is in compliance with FICA regulations. Compared to other financial systems, FICA is more open and secure, making it more appealing. Being FICA-compliant allows these businesses to monitor and record the origins and movements of any laundered funds.
Among the two available withdrawal methods, the best would be EFT (ewallet). This withdrawal method has a longer processing time; however, you get a higher Topbet maximum payout limit of R1,500,000.