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Credit Card Betting Sites in Nigeria

Credit Card Betting Sites in Nigeria

Credit Card BettingSince the first-ever modern credit card came out decades ago, credit cards have been one of the primary means of money transactions worldwide. Whether it is to purchase goods, buy services, or pay bills online or offline, credit cards are the go-to option for most people. 

When it comes to online sportsbooks in Nigeria, credit cards betting is one of the payment options that is becoming increasingly popular as it is convenient and extremely easy to navigate.

On this page, we will look at every aspect of credit cards betting that you need to know for a smooth sports betting experience. We will cover what it is, how it works, its advantages, and other relevant details. You will also find a list of some of the best betting sites that accept credit cards in Nigeria.

Best Betting Sites you can use with Credit Card

  • Large number of games developed by leading software providers
  • Easy to use website
₦50000 100%
₦100000 100%
  • Option to bet live on a sporting event
  • Lots of promotions for new and loyal users
  • Plenty of available betting markets
€100 100% Bonus
  • 24/7 Customer Support
  • Multi-live betting
  • Several bonuses and promotions
₦100000 300%
  • Transactions with cryptocurrencies only
  • The 6-level Vip program
  • 24/7 available customer service
5 Bitcoins
  • In-play betting on sporting events
  • Lots of bonuses and VIP program
  • Android and iOS applications
₦50000 110%
  • In-play and live streaming of sporting events
  • Adaptability to new and old mobile devices
  • A large number of betting markets
n.a. No Bonus available
  • In-play betting is available
  • Betting on virtual sports is offered as well
  • The minimum deposit is only 100 NGN
₦500,000 300% in Freebets
  • Great Sports betting and Live Casino
  • Over 80 payment methods
  • Nice bonuses for new and existing customers
₦100,000 200%
  • A full section of promotions and bonuses
  • Frapapa licenced in Nigeria
  • In-play wagering function
₦300000 300%

What are Credit Cards?

Before we get into the nitty-gritty of credit cards betting, here are a few fast facts that you should know about the payment method:

  • Credit cards offer a fast and convenient way of processing payment transactions both online and in land-based stores worldwide.
  • Local banks and credit card companies usually provide credit cards to qualified customers.
  • Credit cards provide you with a line of credit that you can use for anything and require you to repay the loan amount in the future.
  • Many online merchants in Nigeria, including sports betting sites, accept credit cards to process payments.
  • Only about 3 percent of the population in Nigeria owns a credit card

How do Credit Cards Work?

How do Credit Cards Work

Before signing up at a credit card betting site to start betting, it is essential to understand how the system works.

You can get a credit card issued to you by your local bank or a credit card company. Unlike debit cards which deduct the money present in your bank account, you can use a credit card without having a single cent in your bank account. Essentially, a credit card provides you with a line of credit that allows you to make purchases, withdraw money, pay bills, and do anything without paying for it then. The payment comes later in credit card bills at the end of each monthly billing cycle.

Credit Cards in Nigeria

One noticeable fact about the credit card payment method is that it is not very popular in Nigeria, which is surprising for a country with such a big economy. In fact, according to Statista, Nigeria places 124th in a ranking of 137 countries worldwide in terms of credit card penetration. Only about 3% of the entire country’s population owns a credit card.

However, while the rate of people using the method in the country is still relatively low compared to the international scene, it has gradually started gaining ground. Many banks in Nigeria provide interested customers with credit cards as long as they have good credit. Plus, the number of credit cardholders and the number of businesses accepting credit cards across the country continue to grow steadily. The major credit card merchants that you can expect to find in the country include:

  • VISA: As one of the largest payment networks in the world, VISA has the most extensive presence in the Nigeria payment ecosystem. This includes both debit and credit cards.
  • Mastercard: After VISA, Mastercard is the second biggest brand behind issuing credit cards in Nigeria.
  • American Express: While not as popular as VISA and Mastercard, American Express also has a substantial presence in Nigeria.

Advantages of using Credit Cards in Betting

One question that is usually on the mind of newbies about credit card betting is, “why use this method to place bets?”. Well, here are a few advantages you stand to enjoy when you use credit cards in betting:

Instant Deposits

Needless to say, no punter wants to wait for a long time before they get their funds for sports betting. Thankfully, you get instant deposits with credit cards betting, which means you can immediately start placing bets on your favourite sports events.

Everything is on Credit

The most significant benefit of using credit cards is that everything is on loan. Unlike debit cards, where you need to have funds in your bank account, credit cards allow you to pay for things online on credit and pay the money later. You can place bets on your favourite sporting events even when you don’t have the funds with credit cards.


Unlike what most people believe, credit cards are secure payment methods. All credit card transactions are protected by state-of-the-art encryption and security measures. Most would also usually have anti-fraud systems to detect any suspicious activity.

Thus, as long as you play at a reputable and trustworthy betting site and protect your card details as much as possible, you have nothing to worry about in terms of safety.

Fraud Protection

Another advantage of this method is that most credit cards have robust fraud protection regulations. Thus, in the rare case where fraudulent activities occur on your credit card, the card issuer who provides the card will usually be responsible for getting to the roots of the case and compensating when necessary.

Credit Cards in Betting

Credit Cards in Betting

The root of credit cards can be traced back to 1950, when Diners Club launched the first modern credit card. Since then, credit cards have become the go-to option for processing payment transactions across several online platforms and industries. Like most industries, credit cards have also found their way into the sports betting scene. The method proves to be a fast, reliable, convenient, and simple way of processing payment transactions to betting sites. However, it usually comes with extra fees.

Overall, almost every top betting site in Nigeria and other countries across the globe supports credit card betting.

How to Deposit and Withdraw on Credit Cards Betting Sites

Knowing how to use credit cards to process payment transactions at betting sites is one of the vital steps you need to take when it comes to placing bets online. So, let us look at what to expect when processing transactions at credit card betting sites.

Depositing with Credit Cards

You can deposit cash with a credit card at betting sites more or less in the same way you would process any credit card payment transaction online. Here is a step-by-step guide on what you need to do:

  1. Sign up with your preferred betting site and log into your account
  2. Click on the “Deposit” option
  3. Click on your chosen credit card method from the payment options.
  4. This will bring up a page where you will enter your credit card information, including card number, expiry date, and CVV.
  5. Specify how much you want to withdraw
  6. Confirm the transaction

Once this is done, your funds will be deposited immediately.

Withdrawing with Credit Cards

One of the biggest drawbacks of engaging in credit cards betting is that you cannot withdraw your winnings at betting sites using this method in most cases. This is because most bookmakers do not support the method for withdrawal processing. Thus, you will have to opt for an alternative withdrawal method, such as your bank account, when you engage in credit card betting.

How Secure is Credit Cards Betting?

How Secure is it to Use PayPal in BettingOne of the great things about credit card betting is that it is an inherently safe online payment option. All transactions go through the security protocols that each card issuer put in place. Most of these issuers also have anti-fraud measures that detect any hint of fraudulent activities and stop such transaction requests in their tracks.

However, one important thing to note is that credit card betting is only as safe as the credit cards betting sites that the punters use. If you share your credit card information with shady betting sites or lesser-known sites with poor security, your information may be compromised. Thus, you are saas long as you stick to well-known and reputable betting sites with state-of-the-art security systems.

How to Get a Credit Card

Naturally, as is with most payment methods, you need to have a credit card before you can engage in credit card betting. If you already have a credit card, all you need to do is find a suitable betting site, make your credit card deposit, and start placing bets.

However, if you don’t already have a credit card, you need to apply for one. In most cases, the process of getting a credit card involves a few simple processes:

1. Choose a Bank or Credit card provider

Many different banks in Nigeria offer credit cards to their customers, each with various perks, interest rates, bonuses, and downsides. So, take time to look over the available options before choosing a suitable bank to apply for.

2. Apply for the Credit card

Once you have decided on the card provider, the next thing to do is apply for the card by filling out an application and providing all the relevant personal information required.

3. Get approval and get your card.

Qualifying for a credit card can sometimes be tricky as the card issuer will have to run a credit check to determine if you qualify for the card. But once it is approved, your card will be ready within a few days, depending on the card provider.

Once you have your card and other necessary details, you can immediately start betting sites that accept credit cards.


credit card betting feesWhen it comes to fees, most betting sites that accept credit cards will not charge you for using the method to process deposits into your account, though this may vary from one casino to another. However, the credit card company or the bank might have charges for deposit processing included in their packages.

So, before you sign up for a credit card with any credit card company or bank or start credit card betting at any sports betting sites, you need to review their Terms & Conditions thoroughly review their Terms & Conditions. This is to make sure you understand the fees and costs that you will incur when you process deposits or payments with the method.

Alternatives to Credit Cards

Although there are many different benefits punters stand to gain using credit cards for betting, there are also a few downsides to the method. While this method may be a perfect fit for many punters, it might not be the ideal option for others. So, if the credit cards option is not the right fit for you, here are a few alternatives that may be a better choice:

Debit Cards

Debit cards might be a good option for players worried about credit card charges and the increasing debt that this payment method can sometimes lead to. Unlike credit cards, debit cards do not involve borrowing money from the credit card provider. The debit card deducts the money you already have in your bank account, which means you must have money available in your account to use this method. However, it is just as fast and seamless as credit card betting, and it usually doesn’t incur any transactional charges.


A method becoming an increasingly popular go-to option for many betting sites in Nigeria is bitcoin. This virtual currency provides Nigerian punters with a more secure and anonymous way of processing deposits and withdrawal transactions at online betting sites.


Quickteller is another excellent alternative that many Nigerian punters use to process payment transactions at their preferred betting sites. It is a highly trusted brand widely accepted by many sportsbooks in the country. Like most digital payment methods, Quickteller provides punters with a platform to safely process payments without sharing their card details or other financial information.

FAQ on Credit Cards Betting

Do you have any questions about betting with credit cards? We have compiled a list of frequently asked questions regarding credit card betting and provided answers.

Is it safe to use credit cards for sports betting?

Credit cards are 100% safe and secure, but only on reputable and trustworthy betting sites. When you use this method, the gambling website will have access to your card information, which can lead to disastrous consequences in the wrong hands. So, make sure you do extensive research on your preferred credit card betting site before using the method.

Which deposit/withdrawal methods can I use when using Credit cards?

Credit card purchases are usually processed as cash advances from the Credit Card Company or bank that issued the card. This means that, unlike e-wallets, you cannot deposit funds into your credit card or withdraw funds into another payment method.

Do I have to verify anything when using Credit cards

Unlike payment methods like Skrill and Neteller, Credit cards do not require any tedious verification process. You are good to go as long as you have already been issued your credit card by a credit card company or your bank.

Will there be any fees added when I use credit cards?

Depending on the credit card company or bank and the preferred betting site, you may be subject to service charges when you process payments using credit cards.

What do I do if my payment is declined?

If your payment at any credit card betting site is declined, you should consider contacting your card provider for support. This might have happened because you hit your limits, or the card issuer does not allow credit card betting.

How long will it take before the betting site receives my deposit?

Deposit processing using credit cards at betting sites is usually instant, so you can start placing bets right away.

How long will it take before my withdrawal is received from the betting site?

Most credit card betting sites do not support the method for processing withdrawals. So, you will have to opt for another option to process your withdrawal.

Useful Tips for Credit Card Betting

While we have explained most of the things you need to know about credit card betting, here are a few tips that will prove helpful to you when you get started on credit card betting:

  • Take your time when selecting the best payment provider for you.

You will agree that punters’ payment methods for processing payments at betting sites can make all the difference in the overall gaming experience they get online. So, before you settle on credit card betting, you need to take your time to make sure that it is a suitable method for you based on your gambling needs. If it is not, you can opt for any other alternative that suits your needs.

  • Be aware of any fees which may occur.

One of the essential things to watch out for when it comes to credit card betting are the fees incurred when using the method. With this method, most credit card providers and some betting sites will charge service fees on payment processing. So, ensure to check out what fees you will be paying when you use this method at any betting site.

  • Ensure the availability of credit cards

While most sportsbooks accept credit cards to process payment on their sites, it will be unwise to assume that this is so for all betting sites. So before you sign up to engage in credit card betting at any sports betting site, you might want to check if it is a betting site that accepts credit cards. It is also recommended that you check for the specific credit card you wish to use.

  • Know the transaction limits of your preferred payment method.

Aside from the limits on your credit card, most betting sites also limit how much sports betting enthusiasts can deposit on their site at any point in time, whether daily, weekly, or monthly. So, before you get started on credit cards betting, you should find out what limits to expect from both the credit card provider and preferred sports betting site.