One of the most crucial elements to consider when determining which casino to choose is the online casino payment methods it offers. Back when there were only land-based casinos, this was not an issue because you could simply go there and pay cash.
But, since online casinos can provide much more in every aspect, they’re now on the rise. As the industry grew, a large number of players started using online casinos. Firstly because it allows you to play without actually going to a casino. Second, online casinos offer a huge number of casino games, unlike land-based casinos who have a limited number of games. And last but not least, because you can make a deposit using many different payment methods. Being able to make a fast deposit anywhere you are is important for players, and that is why they usually choose the casinos that have the method they prefer.
Online casinos in Nigeria, try to satisfy the needs of their players by offering them more ways to make a deposit. There are some methods that are common for the “local” online casinos, but also there are worldwide recognized methods that the international casinos use and are not that common in Nigeria. Still, we believe we should cover every available payment method, and you can decide which one to choose.
Online Casino Payment Methods in Nigeria
To be able to play for money in any online casino, you would first have to make a deposit to your account. This comes right after you open an account, and confirm your identity. Online casinos in Nigeria offer various payment methods for customers. Usually, you choose your deposit method before making your first deposit, and most often this method is also used for withdrawal. However, some deposit methods do not have the withdrawal option. In this case, a bank transfer is an option provided by the casino.
Below we have listed the most popular online casino payment methods in Nigeria, with all the additional information you might need.
Bank Transfers
The oldest online casino payment method is most likely bank transfer. Many countries still use it as an alternate payment mechanism for those who do not have access to bank cards. Bank transfers are accepted in Nigeria for both deposits and withdrawals from online casino accounts.
The drawback of this strategy is that it is neither quick nor simple. To begin, you must go to the bank rather than do it from home.
Second, it takes substantially longer for funds to be added to your casino account. The processing period is instant when using a digital wallet or card; however, this is not the case with bank transactions. Bank transfers might take anywhere from 2 to 10 days to complete. This is a disadvantage because you will not be able to play immediately. It was one of the aspects that contributed to new payment options becoming the most popular in online casinos.
Bank Cards
This is another well-known casino payment method, as almost everyone has a credit/debit card that they use to pay in stores or online these days. Even if you don’t have one, getting one is straightforward because anyone can apply. Debit cards can be issued by both traditional and online banks.
Cards are possibly the only type of online casino payment method that is accepted by all casinos. In addition, the majority of online casinos accept Visa, MasterCard, and/or Maestro credit cards.
Still, there are two ways to deposit with a card, and that depends on the casino. Some Nigerian online casinos have the instant card deposit option, while others use intermediary payment gateways. It is practically the same for you, whether it is direct or through an intermediary, you just provide your bank details to complete the payment.
The intermediary payment gateways that are most common in Nigeria are Paystack and WebPAY. Nairabet casino Nigeria is one of the casinos that use Paystack and the process is very simple, so we recommend you to try it.
Digital Wallets
Digital wallets are one of the newest forms of online casino payment methods. Your funds are stored in a digital wallet, which is an online wallet. Depending on the digital wallet’s settings, you can deposit with a credit/debit card, a bank transfer, or another way.
You might be asking why you’d use a digital wallet when you could just use your credit card. However, not all online merchants or casinos accept credit cards, especially in Nigeria. On the other hand, using a digital wallet is convenient for those who don’t have a bank card.
Another crucial point is that your bank information is never revealed when you use a digital wallet. When you make a payment, they will only be able to see the information in your digital wallet account. It adds an additional security against identity theft and fraud.
Furthermore, making payments with a digital wallet is significantly faster and easier. You will not be required to provide any further information besides your login and password. Simply log in to your chosen online casino, choose the deposit option, and then select your preferred digital wallet.
Simply enter your digital wallet account details, such as your username or email address, after selecting the amount you want to deposit. The cash is deposited to your online casino account right away. Withdrawals are done in the same way; the money will be in your digital wallet account in a matter of minutes.
Online casinos in Nigeria have some digital wallets as a way to deposit money. You can do it using Paypal, Neteller and Skrill, as worldwide popular digital wallets. However, Nigerian players mostly use Quickteller and OPay. The OPay payment platform is relatively new in Nigeria, but it is growing in popularity as a result of its constant use.
Cryptocurrency
A cryptocurrency is a digital currency or digital money for which there is no actual coin or bill and all transactions are conducted online. Cryptocurrency is stored in a digital wallet, which you can access online, on your computer, or on other hardware. As cryptocurrencies become more popular, more online casinos are beginning to accept bitcoin and other coins as payment methods.
Cryptocurrencies are protected by cryptography, making them nearly hard to forge and a very secure payment method. Furthermore, several casinos, such as Coinbet24 bitcoin casino, “specialize” in cryptocurrencies and are hence referred to as bitcoin casinos.
Payments with cryptocurrency are fast, though this varies depending on the wallet you use and the casino. In most cases, though, everything happens in a split second. Even after all these years, there are currently over 2,000 other cryptocurrencies accessible, with Bitcoin still the most extensively used.
Deposit via Agent
If you don’t have any of the above-mentioned payment methods, you can still deposit to your online casino account by visiting an agent shop. Most of the casinos in Nigeria, cooperate with some agents that can make deposits on behalf of customers. To make the deposit you will need to visit the provided agent shop, provide your account ID and give cash to the agent. The funds will be credited to your account immediately and you can start playing.
For instance, to make a deposit at BetBonanza casino you can visit any betBonanza betting shops or Palmpay Agent and make a cash deposit.
How to choose the best online casino payment method?
You must choose the best online casino payment method for you before entering the world of online casinos. There are various aspects to consider, and you may choose the best solution for you based on your needs.
We have some recommendations for you that we believe will help you make a good decision.
Avoid using bank transfers to make deposits if you want your payments to be processed quickly. Players that play frequently will appreciate the convenience of being able to deposit anytime they wish.
Also, look into the fees that payment providers charge. When using a digital wallet to fund your online casino account, there are usually no costs. Depositing funds into your digital wallet account, however, may incur a cost. Always double-check the casino’s deposit and withdrawal costs. Comparing them to see which one has the lowest fees is the best approach to make an informed decision.
Another thing to consider is whether or not your preferred online casino payment method is accepted at that particular online casino for deposits and withdrawals. On occasion, you’ll have to use another method to withdraw because some options are only available for deposits. It’s advisable to stick to one method because things might get messy.
All of the approaches listed above are fully safe and dependable in terms of security. If you’re playing in a licensed casino, you shouldn’t be afraid. Still, if you have any reservations, we propose using cryptocurrencies to deposit and withdraw so you don’t have to give the online casino your bank details.
Finally, you can visit our online casino review page to see a list of fully secure and regulated casinos in Nigeria and select the one that is ideal for you.