All Parimatch Deposit & Withdrawal Methods in Nigeria

Parimatch Deposit and Withdrawal in Nigeria

Parimatch is one of the recent additions to the Nigerian betting market. As a genuinely unique betting platform, Parimatch stands out with a great choice of events and markets, generous welcome bonuses, and laconic design. Moreover, the platform boasts a selection of payment options that will please any customer.

In this review, we’ll check out all the payment methods offered by the bookie with their pros, cons, and specifics.

Parimatch Payment Methods in Nigeria

Parimatch Payment Methods in Nigeria

In this section, we’ll look at the main payment channels Parimatch has to offer.

Flutterwave

On Parimatch, you can pay via Flutterwave, Africa’s leading payments technology company. Numerous brokers throughout the world provide Flutterwave as a payment gateway option. It was established in Nigeria in 2016 and offers traders the freedom to deposit or withdraw from trading accounts using their preferred transfer method. It also integrates many payment methods through API documentation. 

OPay

OPay is a mobile wallet that can be used to deposit funds into betting accounts in Nigeria. Although this is still a relatively new payment option in Nigeria, several betting companies are now offering it as a deposit option. Due to its frequent discounts and benefits, OPay is quickly gaining favor with bettors as a great alternative to conventional financing methods like bank cards and bank transfers.

How to Register

Before depositing and withdrawing funds, you must register on the platform. With Parimatch, you can register on the website or via the app. Both methods are fast and straightforward.

On the Website

  1. Open the website.
  2. Tap “Join” in the upper right corner.
  3. Enter your Nigerian phone number and select a safe password.
  4. Confirm that you are of legal age.
  5. Choose to get the welcome bonus from Parimatch (we’ll tell more about the welcome promo offer in the section below).
  6. Wait for the confirmation code from the system.
  7. Type in the code in the corresponding field and confirm your registration.

Via the App

How to Register Via the App Parimatch

1
Take Your Phone

Download and install the application on your smartphone and launch it. Click “Sign up” on the top of the screen.

2
Registration

Type in your phone number. Confirm that you are of legal age. Wait for the confirmation code from the system. Confirm your number with the code. Click on “Sign up.”

3
Finalize Your Sign Up

Wait for the message from the bookie. Log into your profile and change the password to your custom one.

How to Verify Your Account

How to Verify Your Account Parimatch

You’ll need to verify your account before you may start any activities on Parimatch. You must provide some paperwork for authentication purposes. Here are the documents you are required to submit:

  • Voter’s card
  • Driver’s license
  • National ID card 
  • International passport

Make sure you are taking clear front and back photos of your ID. There is no specific timeframe for KYC to be done, but the platform strives to process your verification ASAP.

How to Deposit on Parimatch in Nigeria

How to Deposit on Parimatch in Nigeria

After you’ve verified your account, you can make your first deposit. We’ll guide you through the process. Parimatch offers Flutterwave, OPay, OPay app, or OPay agent shop as its deposit methods. You can fund your Parimatch wallet on the website or via the app. The steps are pretty much the same.

Step-by-Step Guide to Website Deposit

How to Deposit on Parimatch in Nigeria

1
Go to PariMatch

Log into your account. Once you’ve logged in, click on the “My Profile” page to see your current balance.

2
Fund Your Balance

Tap on the “Deposit” button. Choose the payment method you’d like to use.

3
Pick an Option

Enter the desired amount. Select your preferred deposit medium. With Flutterwave and OPay, you can deposit via your bank account, bank card, USSD, or bank transfer.

4
Observe the Methods

Bank account: choose the bank, enter your bank account details, and verify. Bank card: enter card details and follow the prompts offered by the bookie. Bank transfer: generate a unique bank account number and make your transfer; once the transfer is completed, go back to the same page to confirm the transaction by clicking “I have sent the money.” Your generated number is valid for 30 minutes only. USSD: follow the instructions on the screen.

5
Accomplish theProcess

Click “Pay.” You may also be asked to enter a one-time password, which you will receive via SMS.

Step-by-Step Guide to App Deposit

The application is compatible with most Android and iOS gadgets. You can download and install the app for your Android device by clicking the relevant banner on the Parimatch website. iOS aficionados will have to search for the app in AppStore. Then, download the app and sign up. Follow the steps below to deposit.

Step-by-Step Guide to App Deposit Parimatch

1
Use Your Device

Launch the app and log into your account if needed. Open your profile. Choose “Deposit.”

2
Replenish Your Balance

Select the payment method. Add the desired amount. Follow the instructions on the screen.

3
See the Money and Start Wagering

Confirm your deposit. Wait a bit until the funds appear on your balance.

Parimatch Withdrawal Process in Nigeria

Parimatch Withdrawal Process in Nigeria

Bear in mind that you are to stake at least 80% of all your deposits to be eligible for withdrawal, and the minimum withdrawal amount is NGN 1,000. The account holder’s name must match your registration details for the transaction to push through.

Step-by-Step Guide on Website

Step-by-Step Guide on Website Parimatch

1
Open PariMatch

Log into your account. Open your balance and choose “Withdrawal.”

2
Select an Option

Select “Flutterwave” as your withdrawal option. Fill in all the requested bank details.

3
Finalize the Procedure

Double-check all the details and confirm the transaction. Wait for the confirmation of your withdrawal.

Step-by-Step Guide on App

Step-by-Step Guide on App Parimatch

1
Use Your Phone

Open the application. Enter your profile and choose to withdraw.

2
Choose Your Method

Select a withdrawal option. Fill in all the required details. Confirm the transaction.

3
Receive Your Funds

Wait till you get the confirmation that your withdrawal has been initiated.

Parimatch Deposit and Withdrawal Fees in Nigeria

Parimatch Deposit and Withdrawal Fees in Nigeria

With Parimatch, if you make a deposit to your account, you must stake or convert at least 80% of all your deposit to winnings before you can be eligible for withdrawal. If you fail to do so, Parimatch will charge 5% of your withdrawal as a commission.

Contact your payment medium to check if your transaction is subject to any additional fees and charges.

Payment Limits

Type of transactionMinimum amountMaximum Amount
DepositNGN 100Not specified
WithdrawalNGN 1,000NGN 10,000,000 per transactionNGN 25,000,000 per day

Problems That May Arise When Depositing an Account or Withdrawing Funds and Their Solutions

Parimatch Problems That May Arise When Depositing an Account or Withdrawing Funds and Their Solutions

There is a problem with your verification paperwork.

To initiate any financial transactions within the platform, you need to successfully complete the required KYC (know your customer) verification. You must provide a valid document with your correct personal details and wait till the security services get back to you with a positive answer.

Your payment information is incorrect or expired.

Always take the time to double-check your withdrawal request to be sure you are not having the money transferred to an expired card or account and that the information you submitted is accurate.

Your payment hasn’t been approved after 24 hours.

Parimatch payments are placed in a queue and processed in the same order they were received. If there has been a delay, a sudden influx of requests probably created a backlog. However, you can contact the Telegram bot to resolve the issue. Here is how you can fix the problem:

  1. Make a screenshot of your deposit receipt with the time, date, and amount of your transaction.
  2. Copy your phone number.
  3. Open the Parimatch Telegram bot.
  4. Type in “/start” and send.
  5. Choose “#.”
  6. Once the menu opens, choose “4” (Deposit) and then “4.2” (Deposit not reflecting).
  7. Once the bot gets back to you, send a message with your phone number and the receipt. 
  8. Wait for the feedback from the bookie. Usually, they answer within a couple of minutes.

Parimatch Customer Support for Payment Issues in Nigeria

Parimatch has several communication channels for contacting its customer care managers. However, we recommend their highly efficient Telegram chatbot @Parimatchngbot which will provide answers to most of your queries. Alternatively, you can contact customer services via email by writing a message to support@parimatch.ng. The feedback usually is swift and detailed.

support@parimatch.ng Live Chat

Conclusion

Conclusion Parimatch

Parimatch is a super-efficient website with a ton of amazing features, despite not being as advanced as some of the other betting sites in Nigeria. Parimatch Nigeria accepts Nigerian Naira, has simple and swift deposit options, and offers an excellent welcome bonus to its brand-new users. We highly recommend Parimatch as your go-to betting destination in Nigeria. In this review, we featured all the lifehacks of processing payments on Parimatch. Use our tips to make your adventure with the bookie secure and enjoyable.

Yes, Parimatch is legal and has a valid permit from the Nigerian gambling authorities. You can read more information about the bookmaker by checking our detailed Parimatch review.

How long does the Parimatch deposit take?

Most deposit options on Parimatch are instant. If your deposit takes too long, contact the platform’s customer care managers. According to the platform’s terms and conditions, deposits can take a maximum of 24 hours to be processed.

Does Parimatch accept Bitcoin?

Parimatch Nigeria does not accept either Bitcoin or any other cryptocurrencies. However, Parimatch is a bookmaker operating in several jurisdictions. Parimatch branches that can boast a betting license issued in Curacao do accept Bitcoin. Open the bookie in your current location and check the available payment options.

How do I verify my Parimatch account in Nigeria?

Send a photo of your identification to the customer service department for account verification. Specialists will confirm the information by comparing it to the information from your account. If you need a more detailed guide, follow the instructions we provided in the review above. You will not be able to initiate any transactions with Parimatch until your account has been verified.

Can you cash out on Parimatch?

Not in Nigeria. Some Parimatch branches offer a cashout option. Check with the Parimatch terms and conditions in your location. Alternatively, send an inquiry to the Parimatch Telegram bot.
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