Paystack is a fintech company providing broad payment solutions to companies, businesses and corporations in Nigeria, Ghana, Kenya and South Africa. It’s one of the most renowned payment gateways in Nigeria, helping thousands of businesses achieve their payment goals easily. Paystack partners with almost all the online betting sites in Nigeria, making it the most popular payment method for online betting. We shed light on the best Paystack betting sites in Nigeria, how to deposit with Paystack and the pros and cons involved.
Best Paystack Betting Sites in Nigeria
Nearly all online betting platforms in Nigeria accept Paystack as a payment option. We have done the research for you on the best bookmakers where you can fund your betting account with Paystack. To this end, our experts have made a table for such outstanding bookmakers as follows:
What is Paystack?
Paystack is a fintech company that was established in 2015 as a payment service provider to companies, corporations and businesses. Paystack Nigeria partners with over 200,000 businesses of different sizes for various payment solutions. Online betting companies are among such businesses, with almost all Nigerian-licensed bookmakers offering Paystack as one of their deposit methods.
Flexibility makes Paystack a choice banking method for betting. This is because it allows Nigerian punters to deposit with debit cards, USSD, online banking, bank transfer, Visa QR, POS, etc. Importantly, Paystack is licensed by the Central Bank of Nigeria (CBN) as a payment switching and processing company.
Charges, Timings and Restrictions Set by Paystack Bookmakers in Nigeria
The table below contains helpful information on Paystack deposit limits, processing time and charges at the best bookmakers in Nigeria.
| Betting Site | Minimum Deposit | Maximum Deposit | Transaction Fee | Processing Time |
| Bet9ja | ₦100 | ₦100,000 | Yes | Instant |
| 1xbet | ₦100 | ₦200,000 | Yes | Instant |
| BetKing | ₦50 | ₦32,000,000 | None | Instant |
| Betano | ₦200 | ₦500,000 | Yes | Instant |
| Betway | ₦100 | ₦500,000 | None | Instant |
| BetWinner | ₦250 | ₦10,000,000 | Yes | Instant |
| Livescore Bet | ₦250 | ₦250,000 | None | Instant |
| betBonanza | ₦100 | ₦500,000 | None | Instant |
| Mozzartbet | ₦100 | ₦250,000 | None | Instant |
| 22bet | ₦250 | ₦10,000,000 | None | Instant |
| Parimatch | ₦100 | ₦10,000,000 | None | Instant |
| YangaSport | ₦100 | ₦1,000,000 | None | Instant |
| NairaBet | ₦100 | ₦1,000,000 | None | Instant |
| Wazobet | ₦100 | ₦2,000,000 | None | Instant |
| Paripesa | ₦250 | ₦250,000 | None | Instant |
| Gorillabet 365 | ₦100 | ₦10,000,000 | None | Instant |
| AccessBET | ₦100 | ₦9,999,999 | None | Instant |
| N1bet | ₦1,000 | ₦5,000,000 | None | Instant |
Pros of Betting with Paystack
Our investigations allow you to make an informed selection of deposit methods at betting sites. Therefore, this section of our guide presents the benefits of depositing with Paystack Nigeria.
- Flexible payments through various methods, including USSD, bank transfer, Visa QR, debit/credit cards, online banking, POS and mobile money.
- Fast and secure transactions
- Paystack is available on all Nigerian-licensed betting sites
- No transaction issues
- Deposits as low as ₦100
Cons of Betting with Paystack
According to the analysis we made, there are certain demerits of depositing with Paystack on online gaming sites. There are just a few of them, as follows:
- Only businesses can create a Paystack account
- Charges may be a bit high in some betting platforms
How to use Paystack to Fund your Betting Account?
Paystack is noted for its speedy deposit process, which you can complete in a few steps. You should take the following easy steps to fund your betting account with Paystack:
- Join a solid betting site on this page, or sign in to your account if you already have one
- Click/tap the deposit button
- Select Paystack from the cashier. It could be the USSD, debit card, online banking, bank transfer or Visa QR option
- Input the amount you wish to deposit based on the bookmaker’s limits
- You’ll be taken to Paystack’s secure transaction gateway.
- Provide all the information required according to your chosen method and authenticate the transaction.
- Paystack will confirm your deposit immediately, after which the amount shows up in your betting account.
Alternative Deposit Options to Consider in Nigeria
Even though Paystack is a massively popular payment service in Nigeria’s online betting scene, there are other great options. These options are widely followed, as punters use them to fund their betting account easily. So, you should consider one of the alternative methods below:
OPay
OPay is a mobile money operator licensed by the CBN and insured by the Nigeria Deposit Insurance Corporation (NDIC). In Nigeria, Opay allows bettors to deposit with one of several options, including OPay debit card, OPay wallet, online banking or USSD. The online payment service ensures that users can transfer money to other bank accounts and also fund their betting accounts for free. OPay deposits are fast, secure and simple.
Flutterwave
Flutterwave is a fintech company that facilitates seamless financial services to companies and businesses in many African countries. Such services are available via USSD, online banking, bank transfer, mobile money and Visa QR. CBN licenses it as a payment switching and processing company. Flutterwave is available at most online sportsbooks in Nigeria, providing a solid gateway for punters to deposit with ease.
GT Bank USSD (*737#)
The GT Bank USSD is one of the top payment options at most bookmakers in Nigeria. With your GT Bank account, you can opt for USSD banking and make effortless payments. For each GTB USSD deposit, you’ll find a distinct *737# code with which you’ll complete your transaction. The method is secure, as all transactions must be approved by your bank after you have entered your USSD PIN.
FAQ
🔹 Are there any deposit limits using Paystack?
Yes. Generally, the limits vary from one online bookie to another. While many bookies accept a minimum deposit of ₦100, some others accept at least ₦250. Similarly, some sites have a maximum deposit limit of ₦500,000 or ₦1,000,000. It’s also common to find other sites accepting up to ₦10,000,000.
🔹 Is Paystack safe?
Yes. Paystack is licensed by the CBN as a payment switching and processing company. Therefore, Paystack operates in complete adherence to the rules and regulations set out by the CBN and other regulatory bodies in Nigeria.
🔹 Is Paystack available in Nigeria?
Yes. Paystack is available in Nigeria. It also operates in Ghana, Kenya and South Africa.
🔹 How much does Paystack charge per transaction in Nigeria?
The exact transaction fee is unclear at the time of creating this guide. However, the fee is generally small.
