Mastercard official website: www.mastercard.com
Mastercard is one of the most common payment methods for online betting in Nigeria, primarily due to its widespread availability, ease of use, and familiarity. Many Nigerians have a Mastercard debit/credit card linked to their bank account, making it easy for them to make quick deposits to their betting account without setting up an additional wallet or third-party payment service.
The guide below outlines its use for internet betting in Nigeria, which Nigerian betting sites support it, and what players can expect when using Mastercard to fund their betting account and withdraw winnings.
Nigerian Betting Sites Supporting Mastercard
Below are Nigerian betting sites that provide Mastercard as a payment method for their customers:
Melbet
MelBet Nigeria accepts Mastercard payments, so Nigerian users can add funds to their accounts using regular debit cards.
Betway
Betway accepts Mastercard, a standard payment method for depositing NGN.
PariPesa
PariPesa accepts Mastercard for deposits, making it easy for Nigerian bettors to add funds in NGN using a card.
1xBet
You can use Mastercard to fund your 1xBet account, which is a simple way to pay by card in addition to bank transfers.
22Bet
22Bet lets you make deposits with Mastercard, which means you can add money to your account with regular debit card payments.
BetWinner
BetWinner accepts Mastercard, allowing Nigerian players to deposit funds using a local card processing service.
1xCasino
1xCasino accepts Mastercard deposits, allowing users to add funds to their accounts via regular debit cards.
1win
1win accepts Mastercard deposits, allowing Nigerian users to add funds to their accounts via card payments and bank transfers.
MegaPari
MegaPari lets players use Mastercard to make deposits, providing a familiar way to fund their accounts.
Helabet
Helabet lets you pay with a Mastercard, giving bettors a direct way to deposit money without using mobile wallets.
Linebet
Linebet lets you deposit with a Mastercard, which means you can add money to your betting account with a debit card from Nigeria.
AfroPari
AfroPari lets users deposit funds via Mastercard, adding money to their betting balance via domestic card payments.
MostBet
MostBet accepts Mastercard deposits, which is a safe way for Nigerian players to fund their accounts.
Winwin.bet
Winwin.bet lets you deposit funds using a Mastercard, which is excellent for Nigerian bettors who prefer to place bets on their phones.
888STARZ
Users can deposit money using standard debit cards with 888STARZ, which accepts Mastercard.
NairaBet
NairaBet lets people in Nigeria make deposits with their Mastercard, a simple way to pay with their NGN card.
The majority of these sportsbook websites support Mastercard, along with other payment options such as mobile wallets, bank transfers, e-wallets, etc., and sometimes cryptocurrency.
Why Nigerian Bettors Use Mastercard
There are several reasons why many Nigerian bettors prefer Mastercard:
- Direct access to their bank funds – no need to pre-load a wallet
- Quick deposits at almost all betting sites
- Worldwide acceptance
- Easy to understand and use for online payments
For many bettors, using a Mastercard is a familiar way to conduct online payments because they already use it for daily online shopping, subscription services, and bills.
Mastercard is particularly appealing to players who prefer to maintain a direct link between their bank account and their betting activities, rather than keeping a separate pool of money for online betting across multiple payment applications.
Making a Deposit Using Mastercard
Using Mastercard to deposit into your betting account is a relatively straightforward procedure and is very similar across all betting sites:
- Login to your betting account
- Visit the Deposit/Cashier area
- Choose Mastercard as your payment type
- Enter the amount you would like to deposit
- Enter your card information and complete the payment
As long as the card has sufficient funds, the deposit will be credited to your betting account instantly. The minimum and maximum deposit amounts will vary by the bookmaker, but Mastercard typically allows deposits of both low and high amounts.
Withdrawals Using Mastercard
- Mastercard withdrawals are primarily dependent upon the bookmaker’s policies, as well as the issuing bank:
- Some bookmakers permit withdrawals to be processed directly to the Mastercard
- Other bookmakers process withdrawals via bank transfer (even though the initial deposit was made via card)
- Withdrawal processing times typically take anywhere from 1-5 business days
Before initiating a withdrawal, players will typically be required to:
- Use the same Mastercard that was used for deposits
- Complete the identity verification requirements (KYC)
- Meet the wagering requirements regarding the deposited funds (site-specific)
- While Mastercard withdrawals are safe, they tend to be slower than withdrawals via mobile wallets and/or e-wallets.
Fees and Important Considerations
Most online betting sites do not charge a fee for using Mastercard to make a deposit or withdrawal. However, players should consider the potential fees associated with:
- Issuing bank
- Card network fees
- Currency exchange (if applicable)
Nigerian banks may also prohibit/block gambling-related transactions on cards. In such cases, players typically shift to bank transfers/mobile wallets for smooth transactions.
Mastercard VS Other Popular Options in Nigeria
Compared to other popular options in Nigeria:
- Mobile Wallets vs Mastercard: Mobile wallets typically provide faster withdrawal options
- Bank Transfers vs Mastercard: Mastercard deposits are generally faster than bank transfers.
- E-Wallets vs. Mastercard: While Mastercard is easier to use and offers greater flexibility, e-wallets provide greater anonymity.
- Many Nigerian players use Mastercard for deposits and select a different method for withdrawals, depending on the betting website’s terms and conditions.
Conclusion
Mastercard is a trusted and popular payment method for online betting in Nigeria and is accepted by many major sportsbooks. While mobile wallets and bank transfers may offer faster payouts in certain circumstances, Mastercard remains a favorite among Nigerian players who prioritize ease of use, familiarity, and convenience when funding their betting accounts and withdrawing their winnings.