Wazobet withdrawal is convenient and ideal for Nigerian players. The betting site has been operating out of Apapa, Lagos since 2011 so its payment methods are indigenous and user-oriented. As a local betting site, Wazobet is run by Emerald Bet International Ltd with a gaming license from the Lagos State Lotteries Board. In this guide, our expert reviews Wazobet withdrawal methods.
How to make a withdrawal from Wazobet?
Wazobet encourages seamless withdrawals by allowing bank transfers, e-wallet and mobile money transactions. Let’s take a look at how you can withdraw your winnings from Wazobet:
- Sign-up or log in your Wazobet account
- Open the Cashier options by clicking the bright yellow “Deposit” button on the top right corner of the homepage
- Select “Withdraw” in the payment screen
- Choose a withdrawal method
- Input the withdrawal amount and other required details
- Click “Submit” to complete your payment request
- Wait for processing and payment notification
What are the Withdrawal methods at Wazobet Nigeria?
The withdrawal options at Wazobet include more banking options than e-wallets, but all options at the betting site are safe and reliable. However, these options only allow payout from the player’s betting account since Wazobet does not allow direct withdrawals from live game cash-outs. This table contains an overview of the available withdrawal methods, their processing time, withdrawal limit and transaction fees:
| Withdrawal Method | Minimum Payout | Maximum Payout | Transaction Fees | Processing Time |
| Access Bank | ₦500 | ₦100,000 | ₦50 | Up to 24 Hours |
| ecoPayz (Payz) | ₦500 | ₦100,000 | None | Instant |
| FCMB | ₦500 | ₦100,000 | ₦50 | Up to 24 Hours |
| Fidelity Bank | ₦500 | ₦100,000 | ₦50 | Up to 24 Hours |
| First Bank of Nigeria | ₦500 | ₦100,000 | ₦50 | Up to 24 Hours |
| GT Bank | ₦500 | ₦100,000 | ₦50 | Up to 24 Hours |
| Kuda Bank | ₦500 | ₦100,000 | ₦50 | Up to 24 Hours |
| Providus Bank | ₦500 | ₦100,000 | ₦50 | Up to 24 Hours |
| Sterling Bank | ₦500 | ₦100,000 | ₦50 | Up to 24 Hours |
| UBA | ₦500 | ₦100,000 | ₦50 | Up to 24 Hours |
| Wema Bank | ₦500 | ₦100,000 | ₦50 | Up to 24 Hours |
| Zenith Bank | ₦500 | ₦100,000 | ₦50 | Up to 24 Hours |
Our expert confirms that while you can only withdraw between ₦500 and ₦100,000, the monthly Maximum is up to ₦2,500,000 for each player. However, Wazobet allows players to make requests for the betting site to increase their monthly withdrawal maximum. We recommend that you read the terms and conditions for more details on increasing the monthly maximum.
What are Wazobet withdrawal rules?
Wazobet withdrawals are simple as long as you comply with the rules of the betting site. Fortunately, our research shows that Wazobet’s withdrawal rules are simple for new and returning players. We noted that Wazobet only processes payment during weekdays, between 9 am and 5pm from Mondays to Fridays. The betting site will not process any withdrawal request made over the weekend.
Our analysis also shows that Wazobet has strict policies on verification of the player’s identity before allowing them to make withdrawals. Based on this rule, you must confirm your full name and banking information before attempting to withdraw.
We also discovered that Wazobet charges compensation on cancelled withdrawal requests. However, the betting site has the right to cancel any withdrawal request that seems fraudulent or violates the terms and conditions.
Potential issues with withdrawing at Wazobet
As a duly licensed betting site, Wazobet complies with the policies of the Lagos State Lotteries Board and other gambling regulations in Nigeria. These regulations can affect how players withdraw their funds if they don’t comply with the platform policies and other related rules. Here are some issues that may affect the player’s withdrawals:
- No Deposit: While Wazobet offers players enough bonuses for their regular game wagers, these bonuses are not available for withdrawal. Attempting to withdraw the bonuses without making any deposit or wagering on the games can result in withdrawal problems or penalties from the betting site.
- Incomplete Verification: To make withdrawals at Wazobet, you have to complete your verification by uploading the necessary documents. Failing to do this would lead to suspension of your withdrawal request until you complete the verification.
- Violating Betting Rules: Wazobet terms and conditions allow the betting site to suspend any account that violates its rules or is under suspicion of fraudulent activities.
FAQ
How long does it take to withdraw from Wazobet?
Wazobet withdrawal time depends on the payment method. The betting site processes all withdrawal requests within 24 hours, but the withdrawal method decides how long you have to wait.
How much can I withdraw from Wazobet in a Single Transaction?
Wazobet allows you to withdraw a minimum of ₦500 in a single transaction while the maximum is ₦100,000.
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