Last updated on May 4th, 2023

Sports Betting Payment Methods

After confirming that a bookmaker offers great odds on the games you love to bet on, you’ll feel excited. However, another thing to confirm is that you can cash out your wins when you eventually get lucky. Here, we’ve looked at the best sports betting payment methods to use in Nigeria so the excitement doesn’t go sour.

Payment methods Nigeria

Payment Methods Credit Cards, Debit Cards & Prepaid Cards

To meet the needs of this growing market, sports betting operators have added multiple payment options to their platforms, including credit cards, debit cards, and prepaid cards. 

Electronic Wallets (e-Wallets)

Electronic wallets, also known as e-wallets, are rapidly becoming a preferred payment method for many sports betting enthusiasts. There are several reasons why e-wallets are becoming a popular choice for making deposits and withdrawals at sports betting sites.

Payment methods Nigeria

Bank Wire or Bank Transfers

Bank wire transfers and bank transfers are one of the oldest ways people have made online sportsbook payments. They are a preferred payment option for sportsbook users for several reasons:

  1. Security: Bank wire transfers and bank transfers are one of the most secure payment options available. The transactions are processed through banks, which have strict security protocols in place to protect customers’ sensitive information.
  2. Convenience: Bank transfers and bank wire transfers allow users to transfer funds directly from their bank account to the sportsbook’s account. This eliminates the need for an intermediary, such as a credit card or an e-wallet, and makes the transaction process more straightforward.
  3. Reliability: Bank transfers and bank wire transfers are a reliable payment option, and all deposit transactions are usually processed quickly and efficiently. This makes it possible for users to quickly access their funds and start placing bets on their favorite sports events.

FAQ for Payment Methods 

  • Do I get a bonus for using specific payment methods?

    Yes, some of the sports books we recommend will give you a bonus for depositing with some payment methods. This could sometimes be a first deposit or reload bonus.

  • Can I make withdrawals at a sportsbook with bank transfer?

    Bank transfers are available as a withdrawal method at some of the best online bookmaker sites. You will need to visit the payment section to confirm if there is a bank transfer option and with the limits are. This will help you decide if it’s a convenient option for you.

  • How long do deposits take to reflect in a sportsbook balance if I use e-wallets?

    E-wallets are one of the fastest payment options you can use for making deposits. All deposit transactions are completed instantly so you can see your balance updated right away.

  • What are the withdrawal charges on e-wallet withdrawals?

    There is no fixed withdrawal charge on all e-wallet payment providers. You’ll have to confirm if your preferred e-wallet imposes any charges and how much.

  • Can I withdraw with a pre-paid card?

    Pre-paid cards are strictly for deposits and can’t be used for any withdrawal transaction. You’ll have to find a different payment option when its time to withdraw your