FICA with Betway in South Africa (2024)

How to FICA with Betway

Betway is one of the major betting operators in South Africa. The site provides various attractive services that customers find convenient. Many people opt to sign up with the online betting operator; however, upon signing up, verification is key because the process helps the company ascertain the account's ownership. Verification helps to prove that the person registering with Betway is authentic and meets the regulations needed for responsible gambling. 

Verification is a key step in the Betway registration process, which introduces you to the South African Financial Intelligence Centre Act 2001 ("FICA"). Therefore, to FICA your Betway account is important as soon as possible after signing up. To complete the Betway FICA process, you will have to send or upload various documents allowing you to withdraw money from your account after winning a bet. In this article, we will tell you more about FICA, what is required, and tell you about how to FICA on Betway. If you need to understand Betway more, look at the in-depth research that BettingGuide has undertaken for you to know why you should stake with them.

Understanding FICA and its necessity

FICA in South Africa mandates all betting companies to have their client’s documents verified. The Financial Intelligence Centre Act 2001 ("FICA") sets out rules concerning customer registration and identification. It is essential to submit the required FICA documents to ensure you can withdraw funds from your Betway account. It is worth noting that you are allowed to deposit and place bets without verifying your FICA documents, but no winnings can be transferred from your Betway account to your bank or withdrawn as cash. The purpose of FICA was to fight financial crimes, such as money laundering, tax-related crimes, and terrorist financing. 

Documents Required to FICA your Account

There are 2 sets of documents that are required to successfully FICA your Betway account. First, a valid proof of identity, and secondly a valid proof of residential address. You do not have to send original documents to FICA for your Betway account. Instead, scan the documents using a computer or take a clear photograph of them with your phone, upload your FICA documents on the self-service portal or email them to fica@betway.co.za. 

To ensure your identity can be verified, your photographs must be clear and the text easy to read. The clarity of your image is key for easier identification. We suggest you take photographs of your documents during the daytime outside in the shade. If it is during the night and you cannot wait until the following day, hold your phone still under good lighting inside to ensure your photographs are clear. 

To FICA your Betway account, you must provide BOTH of the following:

Identity documents

The required identity documents include the following:

• Valid Green barcoded ID book. 
• Valid Smart Card ID
• Valid Driver’s License- Ensure that you send or upload both sides of the card. 
• Valid Passport. 

Either one of these documents is enough; you can upload one of them. The name and address on your address document must match what you provided during Betway registration.

Proof of residence/address

The required address documents include the following: 

• A utility bill not older than three months. 
• A lease or rental agreement that is not older than a year. 
• A municipal rate and taxes invoice received at most last three months. 
• A mortgage statement not older than six months. 
• A telephone or internet account that is three months old. 
• An official tax return not older than one year. 
• A life insurance policy not older than one year. 
• Some correspondence from a corporate body or share-block association not older than one year. 
• Television license documents are not older than one year. 
• 10.Registered residential address confirmation is inserted in your ID document. 
• 11.Motor vehicle license or documentation not older than one year. 
• 12.A letter from a Municipal authority confirming that an individual is permitted to reside on communal land, not over three months. 

Where Betway feels that the information provided is not sufficient, they would require you to provide further information that they could use to verify your identity or status. For instance, they could ask you to send a valid Bank Statement from a South African bank account issued in the last 3 months. 

It is also important to note that Your address document must have a date. The address document must contain your residential address (Postal addresses are unnecessary

How to upload your FICA documents on Betway

The following steps offer a guideline on how to upload your FICA documents to the Betway self-service portal: 

• Log in to your Betway account.
• Click the menu button on the top left corner of your screen
• Scroll down and select "Document Upload."
• Go to the ID Document section, and upload at least one Proof of ID document by clicking the "Choose File" button and selecting the relevant document from your device.
• Next, go to the “Other section”, and upload at least one Proof of Address document by clicking the "Choose File" button and browsing for the necessary documents on your device.
• Wait for a confirmation email once your FICA documents on Betway have been verified that typically takes up to 48 hours.
• Upon the verification of the Betway Account you can undertake all transactions that include withdrawals.