BetBonanza Withdrawal Rules in Nigeria
We'll tell you how to withdraw winnings from BetBonanza, a bookmaker that offers betting on more than 30 sports, political and showbiz events, virtuals, lotteries and online casino. On Match.Center, you will also find detailed guides on How to Register and How to Place Bets with BetBonanza.
BetBonanza Withdrawal Method: How to payout on BetBonanza
To withdraw money from a BetBonanza account, you have to log in, go to "My Account" and select the "Withdrawal" tab. And there is a clear imbalance here. BetBonanza has 17 ways to make deposits, including online systems, mobile apps, USSD code, ATMs and betting shops. However, there is only one way to get your winnings from the bookmaker online - to your bank account.
Payout BetBonanza to a Bank Account
To transfer your winnings to the bank account, enter the following details on the "Withdrawal" page in your personal account:
After that, the withdrawal request will be created. For your convenience, BetBonanza has also presented a video tutorial on how to withdraw funds on the bookmaker's official YouTube channel.
Withdrawal BetBonanza at Betting Shop
Customers who place bets at BetBonanza betting shops can receive their winnings through a cashier at the betting shop. In order to do so, you must present an identity document proving you are over 18.
BetBonanza has a betting reserve option available. You can create a bet online on the betting website, and you don't even need to log in for this. After you click "Book a Bet", the system will generate a unique code for your coupon. You can tell it in the betting shop and confirm the bet offline.
A coupon of the bet placed at the BetBonanza betting shop is valid for 180 days after the end of the event. In the case of Multibet - 180 days from the end of the last event in the coupon. A winning bet cannot be received after this period, and the coupon is no longer valid.
Minimum Withdrawal on BetBonanza
The minimum withdrawal amount at BetBonanza is ₦1000. This applies both when withdrawing winnings on the betting website and when withdrawing money through a cashier at the betting shop.
BetBonanza Maximum Payout
The maximum withdrawal amount from BetBonanza's betting account is up to ₦50 million in a singletransaction. When the customers receive winnings in the betting shops in Lagos state, they can withdraw up to ₦10 million in a single transaction, and up to ₦15 million in other Nigerian states.
BetBonanza Maximum Withdrawal Per Day
The bookmaker does not set any withdrawal limits. According to the company, the users can request withdrawals of any amount on a daily basis.
BetBonanza: Withdrawal Time: How Long Does BetBonanza Withdrawal Take
The withdrawal requests from the BetBonanza account are processed daily from 8 a.m. to 10 p.m. local time. Usually the funds are credited within a few minutes. However, according to the bookmaker, the process may take up to 24 hours.
BetBonanza Bonus Withdrawal
You can withdraw the bonus funds from the BetBonanza account only after wagering. New users can choose one of three promotions for sports betting upon registration.
100% Welcome Bonus
To participate in the promotion, the customer needs to:
The wagering period is 30 days, if after that time the requirements are not fulfilled, the bookmaker will withdraw the bonus amount from the client's account. The amount remaining on the bonus account after wagering will be transferred to the client's main account. It can be withdrawn to a bank account as usual in the "Withdrawal" section of the personal account.
BetBonanza offers new customers the chance to bet with boosted odds on certain events:
If the bet is successful, the user will still need to wager the winnings in order to withdraw. Any sporting event with min odds of 2.00 will count towards wagering. If wagering is successful, the money can be withdrawn to the client's bank account.
Another bonus for new users is for betting on virtual sports and the BonanzaBallz lottery. To participate in the promotion:
The maximum amount of the cashback is ₦50 000. To withdraw the bonus money from your account, you must wager the entire amount at odds of 1.50 or greater.
How to Cancel Withdrawal on BetBonanza
If your withdrawal request has not yet been processed, you can cancel the transaction. To do this, log in on the BetBonanza website, go to your personal account and open the Withdrawal tab. Find your pending request and click on the "Cancel Withdrawal" button.
BetBonanza Withdrawal Problem
Specifics of verification
BetBonanza does not require verification from a new customer before withdrawing funds by default. However, the company may request such verification at any time, and you will be notified accordingly. Withdrawal will not be possible until the documents are submitted.
Here is the list of documents, which are eligible for verification:
In addition, BetBonanza may impose additional client verification if you attempt to withdraw more than ₦250 000 in one or more payment transactions. These bank transactions will be checked to prevent money laundering and financing of terrorism. The operator may also impose such verification for withdrawals of smaller amounts.
If the user fails to provide BetBonanza with documents within 30 days, the bookmaker may, depending on the situation, confiscate any winnings, refund the initial deposit or remaining account balance and close the customer's account.
Possible issues during withdrawals
Withdrawals from BetBonanza can be delayed for other reasons:
FAQs about BetBonanza Withdrawal
The winnings are credited to the account within a few minutes after the request has been made. In rare cases, the process may take up to 24 hours. Mainly, because withdrawals from the BetBonanza account are processed daily from 8 am to 10 pm local time. If you request withdrawal of your winnings after a Champions League night match, BetBonanza will not process it until the morning.
BetBonanza has probably sent you a data verification request. Check your email. If you are sure that's not the case, have a look at our page, we have listed 4 possible reasons for issues during withdrawals at BetBonanza.
First, you will need to meet wagering conditions. Second, you'll need an active bank account, as this is the only way to withdraw money from your BetBonanza account. The bookmaker has three Welcome bonuses, on this page we have detailed the wagering and withdrawal conditions for each option.