Payment Methods are an important aspect when choosing an online bookmaker to join. Customers need to be sure that their preferred banking option is available and that their transactions are safe and secure.
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Online payment methods have opened up immense possibilities for global business. Online transactions are not only fast but also work round the clock. Time-saving as they are, the payments are the mainstay in many countries across the globe. In Nigeria, you have several types of payment methods to make online payments. These are used for all kinds of businesses and individual transactions at very reasonable charges. Through these means, you can enjoy the convenience of making payments and withdrawals from your accounts at any time.
Cards - Debit, Credit and Prepaid Cards
Cards introduced us to cashless payments and have since gained global acquiescence. Different types of cards can be linked to online profiles for a gamut of payments. More accessibility has made debit, credit, and prepaid cards a popular choice.
With a tagline that goes ‘everywhere you want to be,’ Visa asserts its authority as one of the most used cards globally. The network spans the world and includes a variety of online payment options. The company is always coming up with new ways to make it more convenient to access your money. Bookmakers in Nigeria also accept payments through Visa card.
MasterCard thrives on a global telecommunications network known as Banknet. The system links data processing centers with card acquirers and issuers. You can get a debit, credit, or prepaid card from the company for all your online payments. The brand boasts 24 million locations where it is accepted. Today you can spot the logo all across the internet, showing what traction the company has achieved.
Prepaid cards are yet another of the payment methods at your disposal when you need some online transactions done. These can be acquired from a variety of online retailers or physical stores. Many prepaid cards are linked to either MasterCard or Visa. Once you load up your prepaid card, you can then make your deposits through it. One of the most liked features about prepaid cards is they are safe and fast to use.
E-Wallets like QuickTeller have made it more convenient to access the funds in your account without necessarily using any card payments. Most of the commonly used e-wallets will link your bank account to various other profiles, including your casino or sportsbook account.
Skrill has been in service since 2001. Currently, the online payment option has gained prominence as one of the trusted means of transacting. You don’t have to worry about making transactions from currency to currency while placing bets on different betting sites. Pay using your Skrill profile, and you are good to go. You only have to go through a simple verification process and have instant access to your account.
PayPal is yet another payment method available to Nigerians. The company facilitates payments for many online betting sites so that customers can make deposits and withdrawals from their accounts. PayPal handles instant transactions through various banks allowing you to get your bankroll instantly, and it takes on the two-day processing period.
Neteller is a longstanding e-money transfer service with a reputation for safe and fast transactions for all kinds of online transactions. Sign up is easy and free of charge. Go through the simple verification process and start transacting using your account. Withdrawals are made through the Net+ card. Alternatively, you can transfer the balance into your bank account.
The overall accessibility in the way of online payment methods is much more improved today than ever before. That’s because many of the International Money Transfer Operators (IMTO) carry out direct wire transfers from your online wagering account to your bank account. Some of the Nigerian banks that allow wire transfers include:
- Access Bank
- Fidelity Bank
- First City Monument Bank
- First Inland Bank
- Nigerian International Bank
Cryptocurrencies have come a long way from the initial speculations of a cryptocurrency bubble. Now varieties such as Bitcoin and Ethereum have become more and more prevalent in the online space. Online betting sites now accept Bitcoin payments as a viable means to make deposits. Market experts predict a rise in users in the coming months. Blockchain technology is now leveraged for immutability, transparency, and decentralization in various industries.
Mobile Payment Solutions
The mobile money sphere is not as occupied in Nigeria due to the lack of an operating license for most companies. Mobile Money Operators (MMOs) also find it hard to stay in business without a sound financial institution’s backing. Mobile payment methods are commercial services restricted only to mobile payments and works round the clock. Apart from clearing your bills and buying airtime, your mobile money provider can transfer funds to your online betting accounts. Alternatively, you can move funds to your bank account from your mobile money account to open yourself up to more options.
The Importance of Currencies
When choosing a bookmaker that accepts your preferred payment method, do not forget to check the currencies it accepts. This can avoid any additional fees for currency conversion.
Most of the African and domestic bookmakers like Wazobet accept the Nigerian Naira. However, their payment methods may be fewer than many International Sportsbooks. Whereas International bookmakers are unlikely to accept the Naira.
Also, you may want to future proof as bitcoin is becoming more and more popular with punters and bookies. However, FIAT currencies will not die out at online bookmakers any time soon.
Make Stress-Free and Straightforward Payments Online
Online payment methods have come to revolutionize our day-to-day transactions. From times when you could only shop and pay for a selection of services online, we now live in a world where we can make any payment we need through our hand-held devices. QuickTeller has gone a step further, allowing you to carry out some functions through text message. The ubiquity of online payment services only indicates an increase in vendors offering such services. What’s more; you don’t have to pay exorbitant charges to access services.
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Payment Methods FAQ
Discover More About Payment Methods at Online Bookmakers
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