How to deposit and withdraw money from your betting account

Betting markets, bonus offers, the range of sporting events in the sportsbook. There are a lot of criteria that determine whether a bookmaker is good or bad. What is often overlooked, however, is the aspect of depositing and withdrawing funds. We believe that before registering and opening a new account at a betting site, every user should know the bookie’s range of payment options and the different conditions for the respective method. This includes minimum and maximum deposit and withdrawal limits, processing time, transaction fees and much more.

At the end of the day, betting is not just about sports, it’s about money. Therefore, it is vital to bank with a bookmaker that guarantees secure payment and user-friendly conditions. At depositinbettingsites.africa, we provide you with everything you need to know so that you can make an informed decision about where to put your money – literally.

Payment methods in Africa teaser

Deposit withdraw money from betting sites – select your country
Nigeria 🇳🇬Ghana 🇬🇭
Kenya 🇰🇪Tanzania 🇹🇿
Uganda 🇺🇬South Africa 🇿🇦

Deposit money in betting sites from Nigeria 🇳🇬

Nigeria has a vibrant sports betting market and this has led to the availability of a wide range of payment methods. Most betting sites offer multiple payment options to ensure that all customers are catered for. In general, most customers want a convenient deposit method that does not charge much in terms of transaction fees. The common payment methods for betting in Nigeria include bank cards, mobile payments, e-wallets, and USSD code.

Bet9ja payment methods footer

Bank Cards

Bank cards can either be debit, credit, or prepaid cards. They are linked to the owner’s bank account and can be used for making payments and withdrawals. The most common debit cards for betting deposits in Nigeria are:

  • Visa
  • Mastercard
  • Verve
  • Interswitch

Debit cards are a common deposit method in Nigeria and are accepted by a great majority of both local and international betting companies. When using bank cards to make betting deposits, the transactions are free and instant. The minimum deposit amount is 100 Naira while the maximum amount depends on the particular bookmaker.

Online payments/e-wallets

Electronic wallets refer to online payment platforms that allow for making payments and transfer of funds. There are several online-based payment methods in Nigeria that you can use for betting deposits. These include:

  • Quickteller
  • Interswitch
  • Paystack
  • Skrill
  • Neteller
  • Perfect Money
  • Epay
  • WebMoney

Online payment platforms are considered one of the most efficient payment platforms in Nigeria. Your preferred e-wallet account can be linked to your debit card or bank account, thus allowing you to make payments online in a convenient way. On the bookmaker’s deposits page, you will be able to click on links to your selected online payment platform.

Mobile payments

Mobile money payment methods are a highly convenient method for making betting deposits, especially for betting customers who bet through their mobile phones. The common mobile payment platforms in Nigeria include:

  • Opay
  • PayCom

Mobile money platforms allow you to fund your betting account without charging any transaction fee. The transactions are instant and involve only a few simple processes.

Internet Banking

Internet banking allows you to transfer money directly from your bank account to your betting account in a fast and efficient way. Nevertheless, you should be aware that you will be charged a small fee, usually 20-50 Naira, for the transaction. Some of the banks that allow betting deposits through online banking include:

  • GT bank
  • UBA
  • Polaris
  • Providus Bank
  • FCMB
  • Zenith Bank
  • Wema Bank
  • First Bank

Most banks have developed a mobile app to facilitate online transactions and other services in a convenient way. Internet banking enables you to make huge deposits into your betting account. The minimum deposit is 100 Naira while the maximum depends on the bookmaker. For example, Bet9ja allows a maximum deposit of 9,999,999 Naira.

USSD Code

USSD is like a form of mobile banking that does not require internet connectivity. It is used to fund betting accounts by dialling the designated USSD code and following instructions. This is a quick method for funding your betting account, even though only a handful of banks provide the service. They include:

  • GT Bank – *737*
  • Zenith Bank – *966*6*2389#

You will be charged a small transaction fee of 20-30 Naira, usually lower than the charges for internet banking services. The transactions are instant.

22bet payment methods Nigeria

Betting payment options at 22bet Nigeria

Other deposit methods

There are several other less prominent payment methods also available. You can use them to deposit into your betting account. Here is a summary of other deposit payment methods for betting in Nigeria:

ATM deposits

You can deposit money into your betting account through the ATM machine. Just enter your ATM card and follow the appropriate instructions. You will need details like the bookmaker’s account and your customer ID number.

Bank deposits/direct deposits

This involves depositing the money into your betting account directly at any of the branches of your bank. Bookmakers generally accept direct deposits from many of the top banks in Nigeria. You will have to provide your betting customer ID when making direct bank deposits.

FirstMonie

This is an agent banking service from First Bank of Nigeria. They have banking agents nationwide. You can visit any of the agents to make your deposit. They have also introduced a way to deposit online using this method.

Betting Agents

Some bookmakers have agents running betting shops all over the country. You simply go to the shop and make a deposit into your betting account. Bookmakers using this deposit method have their assigned agents across the country.

Cryptocurrencies

Cryptocurrencies such as Bitcoin, Etherium, and Ripple are increasingly being accepted as payment methods and have been adopted by some bookmakers. The cryptocurrency market in Nigeria is strong. This method is expected to grow more popular with time.

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How to fund your betting account at bookmakers in Ghana 🇬🇭

Ghana’s betting industry growth is driven primarily by mobile technology, which provides easy access to online betting services for millions of people. This also means that payment methods that can be completed through the phone are very popular with betting customers. Here are some of the deposit methods you can use to fund your betting account.

Payment methods bet365 Ghana

Mobile Money

Mobile money services have grown tremendously in Ghana over the recent years. It has emerged as the most popular deposit method used by betting customers. The leading mobile money service providers are:

  • MTN mobile money
  • Airtel-Tigo money
  • Vodafone Cash

Most betting sites in Ghana have at least one of these mobile money services as one of their deposit methods. Transaction costs are free or relatively low depending on the service provider.

MTN Mobile Money

This is the largest mobile money service in Ghana and is therefore offered as a deposit option by many betting companies. When using MTN mobile money to fund your betting account, you will use the Paybill Number *170# and then enter your bookmaker’s name as part of the transaction.

Airtel-Tigo Money

Airtel-Tigo money has extensive coverage across the whole of Ghana, making it one of the most popular payment methods in the country. To deposit money in your betting account using Airtel-Tigo money service, dial *500# and enter your bookmaker’s name as the ‘Reference’. Betting deposit transactions are free. Find out how to fund 1xbet from Ghana using mobile money services such as Airtel.

Vodafone Cash

Vodafone Cash mobile money service is provided by the telecom giant Vodafone, which is the second-largest mobile money service in Ghana. To deposit using Vodafone Cash, dial *110# and enter your bookmaker’s name as the payment reference. Betting deposit transactions are free.

Debit/credit cards

Debit/credit cards are a standard mode of payment accepted by both local and international bookmakers. This deposit method allows you to make huge deposits into your betting account per transaction without any transaction fees. The debit cards accepted for deposit payments are:

  • Visa
  • Mastercard

The leading banks in Ghana offer these debit cards linked to clients’ bank accounts.

E-wallets

Electronic wallets are a common payment method among international bookmakers. They can be used to fund betting accounts for bookmakers that do not accept local currency. Examples of e-wallets in Ghana include:

  • Skrill
  • Neteller

You will not be charged any transaction fees when you fund your betting account using e-wallets.

Ecobank mobile app

Ecobank provides mobile payment services through its mobile app. It is a popular payment method and is offered as a deposit option by many bookmakers. Transactions are instant and they charge no fees for making betting deposits.

SpeedPay

This is a voucher payment system provided by Capital Bank. It involves purchasing scratchcards that contain a unique voucher code for a specified amount. To deposit using SpeedPay voucher, text the voucher code to the mobile number provided by your bookmaker. You will receive an SMS notification that your account has been credited.

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Deposit money in betting sites from Kenya 🇰🇪

Kenya’s online betting industry has enjoyed impressive growth in recent years. Bookmakers in the Kenyan market try to offer a range of convenient payment methods to capture customers. We look at the most common deposit methods for betting in Kenya:

Mobile Money

Mobile money payments are the most popular deposit method for betting in Kenya. This is because mobile money technology is well-developed and widely used in the country. The two most popular mobile money services providers are Safaricom Mpesa and Airtel Money.

To deposit money from your phone into your betting account using mobile money, you will need the bookmaker’s Paybill number assigned by the mobile money services provider. Alternatively, you can click on the mobile money option on your bookmaker’s deposit page and it will link to your mobile money account to complete the transaction.

Mpesa mobile money

Mpesa is the most widely used mobile payment method. Almost every bookmaker in the country offers Mpesa as one of their main deposit methods. In fact, for some upcoming bookmakers, it is the only payment method available.

Mpesa is offered by the country’s largest mobile telecommunications company Safaricom. Depositing with Mpesa will attract transaction charges, even though some bookmakers absorb the transaction costs on behalf of their customers. Here are some of the Mpesa Paybill numbers for bookmakers in the Kenyan market.

  • Betway – 880185
  • 22Bet – 895599
  • Helabet – 290007
  • Odibet Kenya – 290680
  • Betika – 290290
  • Betpawa – 290020
  • Betwinner – 998989
  • Sportpesa – 5212121

Airtel Money

Airtel Money is the second-largest mobile money services provider in Kenya. It is known for providing comparatively lower transaction costs compared to its main competitor Mpesa. Here are some of the bookmakers offering Airtel Money and their Paybil numbers:

  • Betway – 880185
  • 22Bet – 22BET
  • 1xBet – 290027
  • Betika – BETIKA
  • Betpawa – Enter ‘Jambopay’ as business number

22bet Kenya payment methods

Debit Cards

Debit cards are a common deposit method because they are widely accepted by both local and international bookmakers. They allow for safe transactions with quick processing time. The common debit cards for making betting deposits include:

  • Visa
  • Mastercard

Most banks in Kenya offer these debit cards linked to owners’ bank accounts. This allows you to deposit huge amounts in one transaction depending on the bookmaker’s limits. Deposits using debit cards are free of charge and the transactions are instant.

Online payments

Betting customers in Kenya have several online payment methods, also known as e-wallets, to use with bookmakers that allow. E-wallets are mostly offered by international bookmakers. Available options in Kenya include;

  • PayPal
  • Skrill
  • Neteller
  • Pesapal

E-wallet deposit transactions are instant and there are no transaction charges. The platforms are secure and can be used for making payments using popular international currencies such as dollars and Euros. If you are betting with a bookmaker that does not accept Kenya shillings, you can fund your account using e-wallets option. Furthermore, eWallets are great for withdrawing fund quickly. Learn more about the 1xbet withdrawal options here.

Bank transfers

This involves depositing money into your betting account directly from your bank account. You can do this by going to the bank or using the bank’s mobile app. Some of the banks in Kenya that offer this service include:

  • KCB
  • Equity Bank
  • Cooperative Bank
  • Stanchart
  • ABSA

Other deposit methods

Cryptocurrencies

These include Bitcoin, Ripple, and Etherium, which are now listed as deposit options by a few international bookmakers. Not many Kenyan customers use this method currently but the popularity of cryptocurrencies continues to grow in the country.

Betting agents

This method is not very popular due to the low number of betting shops/agents across the country. The betting shops/agents are found mainly in the capital city and large urban areas. Nevertheless, depositing through agents is free of charge.

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Tanzania betting sites deposit methods 🇹🇿

We take a look at the common deposit methods for betting in Tanzania. Online betting has grown rapidly in the country in recent years thanks to increased mobile phone and internet connectivity. Therefore, availability of various mobile deposit methods is a crucial feature for bookmakers in Tanzania.

Mobile Money

This is a quick and convenient payment method for making deposits into your betting account. Many customers access betting sites using their mobile phones so they prefer this method. The mobile money services in Tanzania are:

  • Vodacom Mpesa
  • Airtel Money
  • Tigo Pesa
  • HaloPesa from Halotel
  • Ezypesa by Zantel

Deposit transactions using mobile money services are instant. The charges vary depending on the service provider. The majority of local bookmakers have mobile money options as their main payment method.

Premierbet Tanzania deposit methods

Debit/Credit cards

This is payment method is particularly popular with international bookmakers since most of them have not yet adopted local mobile money payments. Deposit transactions are instant and free of charge. You will also be able to deposit larger amounts compared to mobile money methods. Here are the debit/credit cards accepted for betting deposits:

  • Visa
  • Mastercard
  • Maestro

Wire transfers

With this method, you can transfer money directly from your bank account to your betting account. The transaction is completed instantly through the online platform. You will have to list your bank account as a payment method with your bookmaker. Some of the banks that facilitate wire transfer for betting deposits include;

  • NMB Bank
  • National Bank of Commerce (NBC)
  • Stanbic Bank
  • Standard Chartered
  • ABSA
  • Diamond Trust Bank

Vouchers

Vouchers are accepted as a deposit method by bookmakers who have their betting shops and agents across the country. Each voucher has a digits code that is entered into your betting account to load the amount you have paid for. The deposit is reflected immediately and the transaction is instant. Vouchers have to be used before their expiry period, usually 30 days.

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Deposit money in betting sites from Uganda 🇺🇬

Betting customers in Uganda have a good variety of payment methods to choose from. We take a look at the most popular deposit methods in the country:

Mobile Money

Mobile money payments are the most preferred deposit method primarily because it is easy and convenient to use. It only takes a few minutes to complete a deposit transaction using mobile money services and the amount is reflected immediately in your betting account. The leading providers of mobile money service are:

  • Airtel Money – dial *185#
  • MTN money – dial *165#

You will be required to enter your bookmaker’s name as part of the transaction. Once the transaction is completed, you receive an SMS notification.

Deposit methods Uganda

Debit/credit cards

Debit/credit cards are widely accepted as a payment method by both local and international bookmakers. They can be used to make deposits for bookmakers that do not accept local currency since the money is converted automatically to international currency. The debit/credit cards accepted are:

  • Visa
  • Mastercard

Debit/credit card transactions for betting deposits are instant and free of charge.

E-wallets

Electronic wallets allow for deposits to be made in international currency. This is suitable for international bookmakers that do not yet accept local currency. The e-wallets available in Uganda are:

  • Skrill
  • Neteller
  • Perfect Money
  • EcoPayz

When you use e-wallets for betting deposits, you will not be charged any fees and the transactions are instant.

Wire transfers

Betting customers can register their bank accounts with the bookmaker under payment methods. This will allow for the transfer of money directly from the bank account to your betting account when making deposits. Wire trnasfer service is available from both local and international banks including:

  • Stanbic Bank
  • Standard Chartered
  • ABSA
  • Centenary Bank
  • Citi Bank
  • DFCU Bank

With the wire transfer method, you can deposit large amounts of money beyond the limits of other payment methods.

Betwinner payment methods Uganda

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How to deposit money in betting sites from South Africa

South Africa’s betting industry is well-developed and with this comes a wide range of payment methods. We look at some of the common methods you can use to deposit money into your betting account:

Debit/credit cards

Debit cards are the most widely used payment method in South Africa’s betting industry. It is a well-established and reliable payment method that is trusted by many. The debit/credit cards commonly accepted are:

  • Visa
  • Mastercard
  • Maestro
  • American Express
  • Diners Club

When you use debit/credit cards to deposit into your account, there are no fees charged and the transactions are instant.

Entropay

Entropay is a virtual credit card used for making online payments. It is issued by Visa and works the same way as other credit cards but only for online transactions. When using Entropay to fund your betting account, just follow the procedures for a normal credit card.

Electronic Funds Transfer (EFT)

EFT is another popular payment method for betting customers here. It involves the transfer of funds from your bank account directly to your betting account through online platforms. EFT transactions are instant. The common EFT platforms in Sa are: EasyEFT, iPay/OZOW, and SID Instant EFT.

Easy EFT

This is a popular payment method because it is specifically tailored for the South African market. It uses the local Rand currency only and is linked to the customer’s bank account. Some of the banks offering EasyEFT include Nedbank, FNB, ABSA, Capitec, Investec, and Standard Bank.

iPay OZOW

This EFT payment method can be linked to your bank account, debit/credit card, or mobile wallet like Mpesa. With iPay OZOW, you will be able to transfer money from your bank or mobile account directly into your betting account instantly.

SID Instant EFT

This payment method is linked to your bank account and allows direct transfer of funds into your betting account instantly. When you use SID Instant EFT to fund your betting account, your bank will provide you with a unique, one-time PIN for completing the transaction. Instant EFT is available from all the major leading banks including Nedbank, ABSA, FNB, Capitec, Investec, and Standard Bank.

Bank Transfers

This payment method involves the direct transfer of money from your bank account to your betting account without involving any third parties.  This method is very safe and is used to handle the transfer of large amounts. Nevertheless, transactions are slower than other payment methods and may take several days to complete. Some of the leading banks that allow betting deposits through direct transfer include Nedbank, FirstRand, Standard Bank, Capitec, ABSA Bank Limited, Finbond, and First National Bank (FNB).

E-wallets

Electronic wallets are used to facilitate online payments in international currencies. This makes them a convenient payment method for bookmakers that do not accept the local currency.  The e-wallets in the South African market include:

  • Skrill
  • Neteller
  • Paysafe
  • PayPal
  • EcoPayz

Deposit transactions involving e-wallets are instant and no fee is charged.

Vouchers

If your bookmaker offers vouchers as a deposit method, you can buy these at any of their betting shops or appointed agents. Vouchers are available in different amounts and each comes with a unique code for loading money into your betting account. The amount is reflected immediately and there are no transaction costs. Make sure you load the vouchers before the expiry date.

Prepaid cards

Prepaid cards can be used to fund your betting account after you load cash onto them through your bank account or betting agent. You will then enter your prepaid card details and the amount you want to deposit into your betting account. You will not be charged any transaction fees and the deposit is reflected immediately.

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