MoniePoint official website: moniepoint.com
Although MoniePoint is an online-only MFB with no physical branches, it delivers the same trust, security and reliability as Nigeria’s major banks. It supports business payments, merchant transactions, transfers, and savings, and within the online betting community, MoniePoint is treated exactly like a standard Nigerian bank account. This allows punters to fund betting accounts or withdraw winnings through direct NGN transfers without complication. As a result, MoniePoint has become a dependable, banking-rail alternative to mobile wallets — especially for users who prefer the speed and security of direct transfers.
MoniePoint operates independently as a microfinance bank and issues its own NUBAN account numbers. This allows it to integrate seamlessly with the payment systems used by all major Nigerian sportsbooks. While most bookmakers do not list “MoniePoint” as a cashier option, almost every sportsbook that accepts local bank transfers supports MoniePoint by default. It effectively sits at the same level as Zenith, GTBank, Access, Kuda and other Nigerian banks.
Below is a full explanation of how MoniePoint works for betting, why Nigerian punters prefer it, and what users should expect when using MoniePoint for deposits and withdrawals.
Here are the Best MoniePoint Betting Sites in Nigeria
MostBet lets you send and receive funds quickly via MoniePoint bank transfers, making it a good choice for Nigerian bettors who want to make payments easily. The platform has a full sportsbook, casino games, live betting, and regular promotions. You can access all of these through a lightweight mobile interface that works well on low- to mid-range devices.
888STARZ lets MoniePoint users quickly add money to their betting accounts using regular Nigerian bank transfer rails. It stands out because of its modern design, wide range of casino games, and flexible betting options. It also keeps transactions in naira to avoid extra conversion fees. The site is mobile-first and works well for everyday betting.
Linebet lets you send money via local bank payment channels, giving Nigerian players safe NGN deposits. The platform primarily focuses on sports betting. It offers easy-to-use navigation, live betting, and a cashier setup compatible with MoniePoint-linked accounts for quick deposits and withdrawals.
Why Nigerian Punters Use MoniePoint for Betting Activities
MoniePoint has positioned itself as a unique and stable entity within Nigeria’s financial system. Unlike specific mobile wallets that limit betting activity, MoniePoint behaves like a fully compliant, gaming-friendly bank alternative. The following features make it a strong choice for punters:
1. High Transfer Reliability
MoniePoint was built for high-volume merchant traffic, meaning transfers rarely fail. Betting deposits and withdrawals process quickly and consistently with minimal downtime.
2. Fast Naira Transfers
MoniePoint transfers typically reflect instantly on betting platforms using Paystack/Flutterwave “Pay With Transfer” channels or dedicated NGN merchant accounts.
3. No Hidden Conversion Fees
MoniePoint operates exclusively in NGN, ensuring:
- No FX loss
- No dollar conversion fees
- No unexpected deductions
Punters always receive the exact amount sent.
4. High Daily Transaction Limits
Since MoniePoint serves businesses, its limits exceed those of consumer-focused wallets — ideal for high-rollers or jackpot players.
5. No Banking Hours
MoniePoint works 24/7, allowing deposits and withdrawals at any time, including weekends.
6. Clear Financial Tracking
Users can view all betting-related transactions in-app, helping monitor spending and manage budgets.
How to Fund Betting Accounts Using MoniePoint
MoniePoint may not appear by name in the cashier section, but it works with all bank-transfer-based deposit methods.
Step 1 — Choose Bank Transfer in the Cashier
Look for:
- Bank Transfer
- Pay With Transfer
- Instant Bank Deposit
- Merchant Account Numbers
All are compatible with MoniePoint.
Step 2 — Obtain the Virtual Account Number
Betting sites use virtual NGN accounts via Paystack, Flutterwave or Remita. These accept transfers from all Nigerian banks, including MoniePoint.
Step 3 — Open MoniePoint
Navigate to the Transfer option.
Step 4 — Enter the Account Details
Use the exact bank name provided by the sportsbook (GTBank, Wema, Providus, Opay MFB, etc.).
Step 5 — Send the Exact Amount
Transfers typically reflect instantly or within 60 seconds.
Step 6 — Verify on the Sportsbook
Some sportsbooks auto-confirm the deposit; others may request a screenshot.
MoniePoint transfers are faster than ATM deposits, USSD, and card payments.
How MoniePoint Withdrawals Work
Withdrawals function like any standard NGN bank transfer:
1. Select Bank Transfer as Withdrawal Method
Enter:
- Bank Name: MoniePoint MFB
- Account Number
2. Complete Standard Verification
Sportsbooks may request:
- Government-issued ID
- Phone verification
- Name-match confirmation
3. Receive Funds
Withdrawal speeds vary:
- MostBet, 888STARZ, Linebet: usually minutes
- Traditional Nigerian bookmakers: 1–3 business days
- Once a payout is initiated, MoniePoint processes it immediately.
Benefits of Using MoniePoint vs Cards/Wallets
| Feature | MoniePoint | Debit Cards | Wallets (OPay, PalmPay) |
|---|---|---|---|
| Reliability | ⭐ Very High | Low (frequent declines) | High |
| FX Fees | None | Possible | None |
| Processing Speed | Fast | Medium | Fastest |
| Withdrawal Support | Full | Limited | Full |
| Security Level | Bank-Level | App-Based | App-Based |
MoniePoint is ideal for users seeking bank-grade reliability without card declines, OTP delays, or blocked transactions.
Why MoniePoint Will Remain a Top Choice for Nigerian Bettors
MoniePoint’s seamless integration with Nigeria’s fintech infrastructure makes it an essential tool for both punters and operators. Its transparency, reliability and high transfer success rates ensure a stable experience for casual bettors and high-volume players alike.
As Nigerians continue migrating toward mobile-based banking and MFB solutions, MoniePoint is expected to remain one of the strongest and most dependable banking options for online betting in Nigeria.