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Parimatch Withdrawal Methods in Nigeria

Smooth withdrawals are a key factor that matters when punters are choosing their perfect bookmaker. This read will review all the secrets of withdrawing funds via Parimatch Nigeria.

Parimatch Review

Parimatch Review

Parimatch is a multi-functional bookmaker that offers its Nigerian clientele a number of advantages. It provides a wide selection of betting alternatives, an easy-to-use interface, and round-the-clock customer service. Of course, when placing a wager with a specific bookmaker, every bettor wants to take advantage of quick and easy withdrawal methods. Well, Parimatch can brag about having practical banking options available for its punters. 

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We will go over every detail regarding the payment options the bookie provides to its Nigerian players in our review that follows. If you are interested in other aspects of the bookie, you can check other articles of ours, for example, our Parimatch casino review.

Withdrawal Features

Withdrawal Features Parimatch

In the sections below, we will present all the features and possible pitfalls of withdrawing money from your Parimatch account.

Withdrawal Limits

Withdrawal limits are very important for punters, especially the minimum limit. 

Since a lot of African bettors use their winnings to cover living costs, not all of them can wait till a lot of funds are available on their betting account.

Maximum Withdrawal Limit

The maximum withdrawal limit is not specified.

Minimum Withdrawal Limit

You can withdraw a minimum of NGN 1,000.

Withdrawal Requests

You send withdrawal requests via the “Withdrawal” section on the website or in the app.

How to Withdraw Money From Parimatch

How to Withdraw Money From Parimatch

Let’s move step by step.

Via Website

Follow the steps below to withdraw funds via the desktop version of the website.

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How to Withdraw Money From Parimatch Via Website

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Open the Website

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

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Choose Your Payment Option

Select the preferred withdrawal method. Add the requested bank or card details as prompted.

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Complete the Procedure

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

Via App

You can withdraw your funds via the bookie’s app. However, Parimatch only offers an app that is compatible with Android devices.

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How to Withdraw Money From Parimatch Via App

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Get Your Android Phone

Open the app. Enter your account and choose to withdraw.

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Choose Your Payment Method

Select a withdrawal method. Add all the required details. Confirm the transaction.

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Wait for Your Funds

Wait for the confirmation that your withdrawal has been initiated. Your funds will arrive soon.

Withdrawal Methods in Nigeria

Withdrawal Methods in Nigeria

According to the latest updates received by our team from the Parimatch customer support staff, the company is using Paystack as its only payment agent. But do not worry. Paystack is a really cool option for Nigerian punters.

Paystack

Due to the fact that payments made using Paystack are quick, easy, and safe, it has become the preferred payment option for Nigerian bookmakers and is accepted at several online casinos and sportsbooks within Africa. Paystack truly lets you make payments in a way that works for you because it’s much more than just an online payment solution. Paystack, for instance, enables users to make payments using a bank card, mobile money, or bank account, just to name a few options. The operator claims that normally, withdrawals are processed within minutes. However, since the withdrawal chain consists of three links (Parimatch — Paystack — payment destination), delays may occasionally take place.

Fees and Commissions

Fees and Commissions Parimatch

If you deposit money into your Parimatch account, you cannot withdraw until you have wagered or turned over at least 80% of your initial deposit into winnings. Parimatch will deduct 5% of your withdrawal as a commission if you don’t do this. To find out if there are any additional fees or charges associated with your transaction, get in touch with your payment operator.

How to Withdraw Bonuses

You cannot withdraw your bonuses as cash. Actually, bonuses are kept in a separate account. However, you can wager your bonuses in accordance with their wagering requirements and withdraw the winnings as cash.

Verification

Verification of your Parimatch account is required if you wish to withdraw more than NGN 250,000. In other cases, as long as your bank account number and registered name match, it’s a fairly easy process. For any withdrawal requests exceeding NGN 250,000 or concerns pertaining to personal information, Parimatch needs a valid ID. Simply use the online chat feature to contact customer service, request the verification process, and supply your personal data: a personal phone number that you used to create the account, the front and back photos of the document, and add the current date and the handwritten “For Parimatch” on a white background with the valid ID. The support staff will assist you in resolving the verification problem as soon as possible.

Withdrawal Time

Withdrawal Time Parimatch

Though deposits are normally immediate, withdrawals may take some time. The timing varies depending on your payment method.

Withdrawal During Weekends

Parimatch processes withdrawals around the clock. However, your payment operator may have different terms. Contact your payment medium if your transaction takes too long.

Possible Issues

You can experience some issues while applying for withdrawal. Below are the most common ones.

Withdrawal Takes Too Long

Requests for deposits and withdrawals are processed 24/7. According to the rules, processing the withdrawal request could take up to seven business days, depending on the payment method chosen. Of course, it typically takes just a few minutes. Be advised that there may be a slight delay in withdrawals due to the identity verification process. The specifics of the system and the mode of transferring the money have a significant impact on how quickly your withdrawal will be processed. As a result, while withdrawals made using other methods can be processed in a matter of minutes, transactions made through banks may be delayed because of the unpredictable outage that the bank’s server may be experiencing as a result of high traffic. If you wait for too long, contact our customer service.

There is a Problem With Your Verification Documents

Initiate any financial transactions on the platform only after you have fulfilled the necessary KYC (know your customer) verification requirements. You need to submit a legitimate document with your accurate personal information, and then you need to wait for a positive response from security services.

Some Payment Methods Become Unavailable

The business retains the right to impose new payment methods and to terminate any existing ones abruptly.

Your Withdrawal is Refused by the Platform

If you broke any platform terms and conditions, the company has the right to cancel your transaction. To find out what went wrong, get in touch with customer support. Also, use the tips below:

  • Verify that the name on your bank account and Parimatch account match.
  • Make sure you have fulfilled the wagering requirements if you have a bonus so you can withdraw it.
  • Your withdrawal might not be processed if you have just made a deposit and are attempting to withdraw the same amount.

Conclusion

Conclusion Parimatch

Nigerian punters have an abundance of options when it comes to payment methods. Though Parimatch offers limited payment operators, all of them are totally safe. Withdrawals can take a little longer than deposits but are also 100% secure. In the article above, we provided instructions and advice on transferring money within the Parimatch platform. 

This guide will improve your betting knowledge and make your wagering journey enjoyable and hassle-free.

How do I cash out my bet?

Cashout enables bets to be settled and wins to be collected prior to the conclusion of the particular event. However, cashout isn’t compatible with every event, and in some circumstances, it might not even be visible. To find out if it works in your case, go to the “My Bets” section of your account menu and check your “Open Bets.”

How long does it take for withdrawal with Parimatch?

Withdrawal time may vary and depends on your payment medium.

What is the Parimatch’s highest payout?

Technically, you can win as much as USD 1,000,000. There is no information if any punters managed to reach this limit yet.

Is Parimatch instant withdrawal?

The time limit depends on your withdrawal method. It might take up to seven days. However, usually, it is processed much faster.

Does Parimatch accept PayPal?

No, Parimatch Nigeria doesn’t accept PayPal.

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