Even before you start your online betting adventure, it’s worth knowing about the Parimatch withdrawal procedure in Nigeria. This guide takes you through the entire process, so you’ll know what to do when the time comes. Also, we’ve included essential information for the maximum payouts and the Parimatch withdrawal time.
However, before all of that, it’s worth finding out more about the Parimatch promo code and the new player welcome bonus, which is worth 120% up to NGN 120,000 on your first deposit.
How to Withdraw Parimatch Bonus?
When you register an account with Parimatch Nigeria, you have the option of claiming one of its welcome bonuses:
- Casino: 50% up to ₦50,000
- Sports: 120% up to ₦120,000
Focusing on the sports offer, as that’s the most popular bonus, players often wonder what the Parimatch withdrawal conditions for this offer are?
Let’s start at the beginning. To activate the welcome bonus, you must make a minimum deposit of ₦100 or more. Therefore, if you deposit ₦1,000, you get an extra ₦1,200 in bonus funds.
The ₦1,200 must be bet 10 times on multi-bets with a minimum of three selections and the total odds on the ticket must be 3.00 or above. Furthermore, you have 14 days from the time of the first deposit to complete this wagering requirement.
Players who successfully clear the wagering within 14 days can initiate a Parimatch withdrawal for their winnings if they desire.
How Long Does a Parimatch Withdrawal Take?
There are a few variables that determine the overall Parimatch withdrawal time. Firstly, if you want to withdraw more than ₦50,000, it is necessary to complete the account verification process in full. Your Parimatch withdrawal will be delayed if you haven’t verified your account.
Following that, the time it takes for different withdrawal methods can also vary. While Parimatch doesn’t provide precise information down to the hour or minute, it states in its FAQ section that customers should receive their winnings within 24 hours of being processed.
If you’ve waited longer than 24 hours and the money still hasn’t arrived, you’re urged to contact customer service to help fix the Parimatch withdrawal problem.
How do I Withdraw Money from Parimatch App?
Parimatch Nigeria is yet to release a downloadable mobile app, so there’s no available information for app withdrawals. Of course, players can access Parimatch on their tablets and smartphones using their regular web browser.
When it comes to Parimatch withdrawals via mobile, the process is the same as using a PC. This means that you must log into your account and tap on your settings (profile) from the menu and then select withdraw. After selecting one of the withdrawal methods, follow the on-screen instructions to complete the transaction.
Parimatch Withdrawal Conditions
The withdrawal rules at Parimatch Nigeria at straightforward:
- Withdrawals under ₦50,000 only require the player’s account name and payment method (bank account) name to match.
- Withdrawals over ₦50,000 require account verification.
To verify your account, you can contact customer support via live chat for the procedure. You must provide the mobile phone number that you used to open the account, as well as one of the following documents:
- National ID card
- Voter’s ID Card
- Driver’s Licence
What is the Minimum Withdrawal for Parimatch?
Unless otherwise specified by the payment service the player uses, the Parimatch minimum withdrawal amount is ₦1,000. This is something to consider when depositing because the minimum for funding your account is only ₦100.
Therefore, even if you deposit ₦100 and win a few bets, you cannot withdraw any money until your balance is ₦1,000 or above.
What is the Maximum Payout on Parimatch?
Unless pre-approved by the operator, the minimum stake for a sports bet is ₦100. At the other end of the spectrum, the maximum amount a player can win from a single bet/wager is:
- Up to ₦10,000,000 on any casino game
- Up to ₦25,000,000 on betting (excluding virtual sports)
Parimatch Maximum Withdrawal per day
Much like the Parimatch minimum withdrawal rules, there is a limit on the withdrawal amount. In total, a player can withdraw ₦125,000,000 per day. However, the maximum withdrawal amount for a single transaction is ₦25,000,000 – and players are allowed up to five transactions each day.
Once again, payment providers may have their own rules that differ from the terms set out by Parimatch.
Parimatch Withdrawal Methods
Parimatch offers three methods for players making withdrawals; they are:
- Flutterwave (recently added)
It’s important to remember that you can only withdraw via the same method that was used for the deposit. For example, if you used OPay to fund your account, then you have to use OPay for the withdrawal. Here’s an overview of the steps to make a Parimatch withdrawal:
- Log into your account
- Click on your profile icon (personal settings)
- From the menu, select Withdraw
- Choose your withdrawal option
- Enter the amount you want to withdraw
- Follow the on-screen instructions to complete the transaction
Parimatch Withdrawal Problem
On most occasions, making a withdrawal from Parimatch Nigeria is effortless. However, from time to time, you may encounter an issue. These are some troubleshooting tips to help you out.
Why can’t I withdraw from Parimatch?
You go to make a withdrawal, and it doesn’t work – what’s happening? There are several possible reasons why your withdrawal request may be blocked/declined, such as:
- Your account has an active bonus with incomplete wagering requirements
- You are yet to complete the account verification process (only applies to withdrawals of ₦50,000 or above)
- You are trying to use a withdrawal method that is different from the service you used for your deposit.
- You haven’t turned over the funds in your account.
My Parimatch withdrawal is still pending
Parimatch aims to process withdrawal requests ‘as soon as commercially practicable. This is rather loose wording that doesn’t provide any specific times as to how long it may take to process your request.
Assuming Parimatch only processes withdrawals during business hours, we’d allow one working day. If the withdrawal is still pending, you should reach out to customer service and ask for an update.
Where do I complain to Parimatch?
If you have a query and you need to get in touch with customer support, you can reach out via:
- Email: [email protected]
- Telephone: +234-700-123-7274
- WhatsApp: +234-912-431-8472
- Telegram: Parimatchngbot