If getting your funds out of BetBonanza smoothly is the goal, this guide is for you. Our Match.Center team has gathered the essential information on payment limits and common issues with fund transfers.
BetBonanza Withdrawal Methods: How to payout
To make a successful payout you have to log in, go to “My Account” and select the “Withdrawal” tab. And there is a clear imbalance here. The bookmaker 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.
To transfer your winnings to the bank account, enter the following details on the “Withdrawal” section in your member page:
- Enter the amount you wish to take out in the “Amount” box
- Enter the number of your bank account in the appropriate box
- Choose the name of your bank from the drop-down list
- Click “Confirm”.
Minimum and Maximum Limits
When transferring funds out, limits apply. The least you can move is ₦1,000. At the upper end, you may transfer up to ₦50,000,000 in a single transaction.
How Long Does BetBonanza Withdrawal Take
The bookmaker claims that they are trying to speed things up and aim to handle payout requests quickly, often right away. But sometimes, it takes up to 2 working days for the money to reach you.
Their FAQ section says if it’s been over 24 hours and you’ve not seen your cash, you should talk to their support team. They can check your transaction status and help sort things out.
Welcome Bonus Withdrawal
New players receive a 350% bonus over their first three deposits. Up to ₦100,000 for the first deposit, up to ₦30 000 for the second, and up to ₦10,000 for the third. Here’s how it works:
To unlock this promo, you must sign up, add at least ₦100 to your account, and enter the code FIRST100 within 7 days of your deposit. You will get 100% of the amount deposited, capped at ₦100,000. But there’s a catch. You can’t just take the incentive money and run. You’ve got to meet what’s called a “wager.” You need to place bets, 10 times the bonus value, on sports events with odds of 1.85 or higher to convert the bonus and any winnings into withdrawable cash. Also, when betting with promotional funds, don’t place bets over 20% of the reward received or over ₦10,000, whichever is larger, until the wagering requirements are met. For the second deposit offer, conditions apply likewise, with a 6 times wagering requirement at those same minimum odds of 1.85.
After fulfilling the wagering requirements, refer to the previous sections of our guide for moving your money, and you can then enjoy your earnings.
Possible Issues
Withdrawals from BetBonanza can be delayed for such reasons:
- Verification requirement. You might face a hold on your payouts if verification is pending. This bookmaker generally permits payouts without extra verification for amounts up to ₦250,000. However, they can request identity documents at any time. Should you receive a verification prompt, submit the required documents, such as your National Identity Card, Voter’s Identity card, Driver’s License, or International passport via email without delay. Failure to verify identity within 30 days of the request can lead to the forfeiture of winnings, depending on the case.
- Participation in the promotion. Withdrawing bonus funds is conditional. You cannot claim these amounts until you satisfy the special terms outlined. It’s essential to understand the offer’s rules prior to engaging with the promotion.
- Rule violation suspicion. Rule breaches are taken seriously. If BetBonanza suspects you of infringements, such as involvement in match-fixing, expect additional checks. The release of money will be on hold until their investigation concludes. This is to ensure fair play across the platform.
- Banking error. At times, the barrier is not from the bookmaker’s side. Should there be a delay from the bank, the issue lies with the financial institution. Contact your bank’s support team to resolve any such delays. They are responsible for addressing processing glitches.