How to Deposit on MelBet in Nigeria: All Options Explained

  • Min deposit - 250 NGN
  • Max deposit - 5,000,000 NGN
Way of payments
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Publication - Jun 27, 2023Changed - Jun 11, 2024

MelBet was founded in 2012. Since then, the platform has become well-established in the Nigerian betting market. Competitive odds, a great selection of sports and events, fantastic bonuses, and more attract players. In this MelBet review, we will consider such an essential feature of a bookmaker as payments. You will find out what deposit and withdrawal methods are available on the platform and how convenient it is to use them.

How to Deposit Money in MelBet 

How to Deposit Money in MelBet

You can replenish your account on the official website or the mobile MelBet app. The process itself is straightforward and fast. You will need to follow the instructions below.

Deposit Guide

1
Authorize on the Platform

Go to the betting platform, open an account, or log in if you already have one.

2
Select Your Way to Deposit

Once logged in, head to the deposit tab, and select the proper method from the list.

3
Send Your Deposit Request

Enter the top-up amount, confirm the deposit, and submit your request.

Usually, the money arrives instantly. However, sometimes due to technical problems on the side of the payment systems or high load, payments may be delayed for a while.

Contact support to clarify the situation if your deposit has yet to be credited.

How to Withdraw From MelBet 

How to Withdraw From MelBet 

Fund withdrawal is also possible on the site and in the application. Before applying, you must log in to the system. After that, just adhere to the guidelines below.

Withdrawal Guide

1
Pick the Withdrawal Option

Click on your account’s menu and select withdrawals from the dropdown list.

2
Opt for a Method to Withdraw

Choose the most suitable method to withdraw money from the accessible ones.

3
Finish the Withdrawal Process

Input an amount of at least ₦250 and your payment details and confirm the request.

The speed of processing the application depends on the chosen payment system. Typically, the transfer will take only a few minutes, but this period may increase if the load on the system is high.

The payment system may impose commissions. Check this information before creating a withdrawal request.

MelBet Deposit Methods

MelBet Deposit Methods

Before starting the game, you must deposit money into the account. The user experience of the bettor largely depends on the convenience and availability of this function.

Overview of Available Deposit Methods

The choice of means of payment on the platform is impressive. The service added, perhaps, all the methods available in Nigeria. You can make a deposit through Perfect Money, Sticpay e-wallets, ecoPayz payment system, Quickteller terminals, or using Bitcoin, Litecoin, Dogecoin, Polkadot, Dash, Ethereum, and other cryptocurrencies.

Paying directly from a bank card will not work. However, you can use the payment system to transfer money from your bank account or link the card to your e-wallet.

The service does not recommend depositing funds from foreign electronic wallets. Without notice, the administration can return the money to the account holders’ wallets.

Pros and Cons of MelBet Deposit Methods

Deposit conditions practically do not differ depending on the method. For example, the minimum deposit amount is ₦250, while payment systems may impose commissions. The MelBet platform, for its part, does not charge a fee for account replenishment. It is a significant plus, as it minimizes costs and equalizes the opportunities for users who prefer different payment methods.

The second significant advantage is a large selection of cryptocurrencies. Modern users appreciate the privacy and convenience of this type of payment, so they are increasingly used.

The disadvantage of the proposed means of payment is the need for the possibility of a direct transfer from a bank account or card. You can only use them through an e-wallet or payment system. You can also pay with a bank card at the terminal.

Comparison With Competitors

Compared to other famous betting platforms in Nigeria, MelBet offers an excellent choice of payment methods. It’s hard to imagine a modern user who can’t find the right way for him.

Another advantage is the possibility of using cryptocurrency. Unfortunately, very few companies in the Nigerian market offer this option. Among the leaders of the betting business in this country, we can name only 1xBet, which also uses cryptocurrency.

The disadvantage compared to competitors is the lack of bank payment. Of course, you can indirectly transfer from the card through the payment system, but this can create additional confusion and difficulties for the client.

In general, we can say that MelBet currently leads the Nigerian market regarding payment methods offered and outperforms most competitors.

MelBet Withdrawal Methods

MelBet Withdrawal Methods

After you have made a deposit and won back your bets, it’s time to think about withdrawing funds. It is undoubtedly the most enjoyable part of betting, so the importance of a comfortable and convenient withdrawal option cannot be underestimated. And to make your bets always profitable, use MelBet prediction or learn how to make high-quality data analysis.

Overview of Available Options

On the platform, you can withdraw money through:

  • Perfect Money;
  • Stickpay;
  • ecoPayz;
  • Bitcoin, Litecoin, Dogecoin, Polkadot, Dash, Ethereum, etc.

In general, the payment means are almost the same as for the deposit, except for Quickteller terminals. The minimum withdrawal amount is ₦500, and the payment processing takes only a few minutes.

Before the first withdrawal, the system will ask for confirmation of your identity. Send photos of the requested documents to be able to withdraw money.

Advantages and Disadvantages of Withdrawal Methods

The obvious advantage is the same conditions for all methods of withdrawing funds. This allows the player to choose the most convenient option without considering different requirements.

The large number of proposed methods is also an argument in favor of the company, as it improves the quality of the user experience.

The downside is the relatively high minimum withdrawal amount. The player must try hard to earn his first money on the MelBet platform.

Comparison With Competitor’s Withdrawal Options

In terms of the number and variety of methods for receiving money, the MelBet platform significantly surpasses most Nigerian bookmakers. However, the withdrawal threshold is more than twice the limit of the BangBet service, for example. It means that the bettor will have to wait longer before being able to withdraw funds, which reduces the enjoyment of the game.

Comparison With Competitors

The withdrawal and deposit process is user-friendly and relatively transparent. Before registering an account, bettors can familiarize themselves with the proposed methods and limits on the official website. It is a big plus since not all services care for their customers this way. For example, on the BangBet platform in Nigeria, you can only find withdrawal methods by registering an account.

MelBet also stands out with a huge number of payment methods. It is also a strength of the bookmaker that attracts users.

However, Melbet sets high minimum deposit and withdrawal limits compared to other sportsbooks. This slightly spoils the overall impression, but the platform rightfully occupies one of the leading positions in the Nigerian betting market.

MelBet Fees and Limits

MelBet Fees and Limits

Commissions, especially hidden ones, can significantly spoil the impression of using the service. However, MelBet confirms the reputation of a top bookmaker in this matter.

Limits and Charges

The MelBet platform does not charge commissions on payments. However, it is too early to relax since the payment systems can charge a fee for making payments. We cannot attribute this to the service’s shortcomings since the bookmaker does not affect this factor. As for the limits, you can see them in the table below.

LimitsDepositWithdrawal
Minimum₦250₦500
Maximum₦5 000 000₦25 000 000

Comparison With MelBet’s Competitors

Regarding payment fees, MelBet is no different from other Nigerian bookmakers, which also does not charge fees for deposits and withdrawals.

The minimum limits on the platform are higher than most bookmakers. For example, on some platforms, you can transfer from ₦100. However, the restrictions are still quite acceptable for most users.

Customers Reviews

Melbet Customers Reviews

MelBet is one of the most famous bookmakers in Nigeria, so there are many user reviews on the Internet about this service. We analyzed these reviews and highlighted the critical parameters for which MelBet is praised or scolded. Let’s highlight the positive and negative aspects of the service according to users.

  • The first thing users emphasize is great bonuses for registration and loyal customers. The platform gives all newly registered 200% on the first deposit. This genuinely generous offer allows you to maximize the benefits of using the service.
  • The second factor that bettors like is the efficient support service. Unlike other bookmakers, MelBet helps users around the clock. Also, a lot of flattering reviews are devoted to the quick solution to problems that have arisen and the resolution of conflicts.
  • Players also like the ability to pay with cryptocurrencies. This payment method is still relatively rare among Nigerian sportsbooks, so bettors emphasize this advantage.
  • Several reviews highlight the difficulty of wagering the welcome bonus. Users complain that there are too many requirements to fulfill, and finding suitable events for the first bets is difficult.
  • Users also complain that the mobile app cannot be downloaded from stores. Downloading is possible only via a link from SMS, which can be requested on the official website.

In general, the reviews are relatively positive. Users love the MelBet platform and enjoy using it.

Conclusion

Melbet Conclusion

MelBet is a solid bookmaker with an excellent reputation and many years of experience. In addition, it enjoys the well-deserved love of Nigerian bettors. In this review, we considered only aspects of the deposit and withdrawal of funds. However, the platform also occupies a leading position in these parameters. The service offers a variety of payment options, including cryptocurrency. The system promptly processes payments, and delays in crediting are sporadic.

FAQ

What is the minimum deposit on MelBet?

The minimum amount you can deposit into your account is ₦250, regardless of the chosen payment method. The system does not limit the number of deposits.

What is the Paybill number for MelBet?

Currently, the service does not allow third-party top-up methods that require you to enter a pay bill number. Instead, all payment information is automatically indicated on the site or through the application.

Which country is MelBet?

OTRADA HOSPITALITY LIMITED, which owns the MelBet service, is registered in Lagos, but the service operates in various countries, including Nigeria, Uganda, Ghana, etc.

Can I use Opay to fund my MelBet account?

Currently, Nigerian users can only deposit via Perfect Money, Sticpay e-wallets, ecoPayz payment system, Quickteller terminals, or cryptocurrency accounts.

How do you get free money on MelBet?

The platform gives its users generous bonuses. For example, when you sign up, you can choose a preferred bonus of 300% on your first deposit or a free delivery equivalent to ₦13,800. This will help you earn faster on bets. Read more in the article on how to upload a bet code on MelBet.
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