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Betbonanza Payment and Withdrawal Methods April 2024

by Oddspedia Experts
Last update: 22 Apr 24
betBonanza is an SSL-encrypted website with incredible sports coverage and amazing features. The betting site holds a licence from the Lagos State Lotteries Board, authorising it to operate in Nigeria. However, this piece is only going to focus on the available betBonanza payment methods. So look forward to more information about what kind of deposit and withdrawal methods to expect.
Table of contents:
  1. Betbonanza Deposit Options and Limits 
  2. Betbonanza Withdrawal Options and Transaction Times
  3. Betbonanza Payment Methods FAQ

Betbonanza Deposit Options and Limits 

Once you register and verify your betBonanza account, you can access different website sections, including the cashier page. It contains multiple deposit options that you can use to load cash into your account. The betBonanza deposit methods come in the following groups:

  • Bank Transfers
  • E-wallets
  • Mobile Methods
  • Card Payment Methods

Each of the payment methods for online betting is fast and fully operational. You can make payments into your betBonanza account any number of times. Since betBonanza is licensed by the Lagos State Lotteries Board and the National Lottery Regulatory Commission, you should be certain that you are secure. These two bodies regulate the website to make sure they offer authentic services.

Also, any banking information you provide on your betBonanza account is secured by SSL data encryption technology. As a result, no unauthorised personnel can view your banking details. If you provide inaccurate information, you can change them using the edit option. If you find the details are not editable, contact customer support and request assistance. Lastly, you can deposit at least ₦100 in your account with the payment methods. The transaction is free except if you’re using GTWorld App or GT Bank Online.

What Credit and Debit Cards Can I Use at Betbonanza?

betBonanza offers credit and debit card payment methods. You can use WebPAY to transfer money from your MasterCard and VISA cards to your betBonanza account. Depositing via WebPAY is free, so don’t worry about being charged a fee for continuing to use this payment method. Remember, a single click of the ‘payment methods’ link on the website’s footer provides more information about card payment options. Lastly, if you experience any delays while using the card methods, contact customer support for help.

Is PayPal Accepted?

PayPal is a famous online payment method that covers different countries. However, PayPal is not accepted on betBonanza despite its multiple advantages. The good news is that just like Wazobet payments, the available banking solutions at betBonanza are equally useful, convenient, and fast. So use the banking options as you wait for the operator to include PayPal.

Can I Deposit with Crypto Currencies?

Before discussing whether you can deposit with cryptocurrencies, note that you must agree to the cookies the website uses. You can find more information about what cookies betBonanza uses and how the company applies them. The use of cookies is meant to make your browsing experience better. With that out of the way, you should know that betBonanza does not accept deposits with cryptocurrencies at this time. Members can only use FIAT currencies.

Betbonanza Withdrawal Options and Transaction Times

The betting website has multiple payment methods that you can use to withdraw cash from your account. betBonanza withdrawal methods include Bank Transfer and OPay. You can also use the GTA Bank Mobile App. Each of the listed withdrawal methods operates from 8:00 am to 10:00 pm. Within that period, you can initiate as many withdrawals as you wish. However, once it goes past 10:00 pm, the operator will process the withdrawal requests the next day. Remember that the minimum amount you can withdraw from your betBonanza account is ₦2000. On the other hand, the maximum withdrawable amount is ₦1,000,000.

Once you initiate the withdrawals, you must wait for 2 business days for the operator to process your request. Before you make the transaction, make sure your account has the amount you wish to withdraw. In case of any delays, you will need to contact customer support for assistance. It is only considered a delay after a 24-hours elapse. Lastly, the Lagos State Lotteries Board licence held by betBonanza implies that every product on the site is legit. That includes the withdrawal methods. Therefore, the safety of your money should not be a concern.

Accepted currencies
  • NGN
    NGN

Betbonanza Payment Methods FAQ

Can I Change The Currency In My Account?

No, you cannot change the currency option in your betBonanza account. The bookie is fashioned to provide gambling services to Nigeria. The only currency option accessible on betBonanza is Nigerian Naira or ₦.

How Do I Withdraw Winnings From My Betbonanza Account?

If you wish to withdraw your winnings from your betBonanza account, first confirm the money is available. After that, follow the steps below.

  1. Log into your betBonanza account
  2. Click on the ‘My Account’ link to open the cashier page
  3. Choose the withdrawal option
  4. Select your preferred payment method
  5. Provide the required details
  6. Enter how much you wish to withdraw
  7. Submit the withdrawal request

After that, you need to wait for the operator to complete processing your request.

Can I Make a Deposit Into My Account from A Mobile Phone?

Yes, you can deposit money into your betBonanza account using your mobile phone. To do so, you can use the Quickteller Mobile App or the Quickteller USSD. These mobile banking solutions are fast and reliable. However, the payment solutions charge ₦100 per transaction.

What Is the Maximum Withdrawal Limit?

The maximum amount you can withdraw from your account is 1,000,000 NGN. Any cash above that should be split into two. It is also worth noting that the method of payment you use determines how much you can withdraw. Additionally, significant amounts take longer to process because of the formalities required to approve the transaction.

Can I Use Different Options for Depositing and Withdrawals?

You can use different methods to deposit and withdraw money from your account. After all, some methods only accept deposits while others accept withdrawals. However, you need to make sure you adhere to the terms and conditions of using particular payment options.

Are the Deposit and Withdrawal Limits Changeable to Your Betbonanza Account?

Normally, you cannot change the deposit and withdrawal limits on your betBonanza account. However, if you have gambling issues, you can contact customer support and change your limits. Reducing the betBonanza limits takes place instantly, whereas increasing the limits takes longer.

How Do I Top-up My Sports Betting Account?

You can top up your betBonanza betting account using the following crucial steps.

  1. Load betBonanza on your computer
  2. Log into your account
  3. Click ‘My Account’ to open the cashier page
  4. Choose the deposit option
  5. Select the payment method you wish to use
  6. Enter how much you want to deposit
  7. Provide any other detail needed
  8. Complete registration

Is Betbonanza Registered with the Lagos State Lotteries Board?

Yes, betBonanza is a licensed bookie with a Lagos State Lotteries Board licence. The gambling permit shows that betBonanza can operate in Lagos state without any problems. It is also a sign that the bookie is authentic.

How Many Times Can You Withdraw from Your Bet Betbonanza Account in A Day?

You can withdraw your money from your account as many times as you wish. However, make sure you have the cash in your account and that you initiate your withdrawals between 8:00 am and 10:00 pm. Moreover, ensure you don’t exceed the maximum limit of ₦1,000,000.

Are All the Betbonanza Payment Methods Applicable for The Welcome Bonus?

Yes, all betBonanza payments are applicable for the welcome bonus. The bookie does not restrict punters to the payment methods they can and cannot use when activating the welcome bonus. However, you must remember to apply the minimum deposit required when activating a bonus and the bonus code.

Can I Deposit Funds Into My Online Account from Betting Shops?

Yes, you can deposit cash into your online account from any betting shop around Nigeria. This is also possible at a Quickteller Paypoint Agent. The reason behind this is to increase convenience.

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