Interswitch is a leading technology-driven company whose primary focus is to digitalize payment in Nigeria and other countries in Africa. The company was launched in 2002, and has over the years managed to remain relevant in the financial industry. Currently, the company has collaborated with other financial platforms that allow players to deposit and withdraw funds from gambling sites.
This payment method is popular among players, mostly because it is a reliable platform, and the services are cost-effective. With Interswitch, you can fund your betting account using deposit methods such as Quickteller, WebPay, Visa, Mastercard, Webpaydirect, and Verve. In this article, we highlight some of the top betting sites with Interswitch, how to fund your Betway, 1XBet, and Bet9ja account using Interswitch and an outline of alternative methods.
Top Interswitch Betting Sites in Nigeria
Top Interswitch Betting Sites in Nigeria
What's in this article
- Top Interswitch Betting Sites in Nigeria
- Top Interswitch Betting Sites in Nigeria
- Step-By-Step Guide on How to Deposit with Interswitch
- How to Deposit at Betway with Interswitch
- How to Deposit at 1XBet with Interswitch
- How to Deposit at Bet9ja with Interswitch
- Pros and Cons of Funding Your Betting Account Using Interswitch
- Alternatives to Interswitch
- Frequently Asked Questions About Interswitch Betting Sites
- Final Word
Step-By-Step Guide on How to Deposit with Interswitch
Since Interswitch allows users to access different payment methods, players using Interswitch have the flexibility to switch between the available deposit options offered by online bookies. Here is an outline of how to deposit using Interswitch.
- Step 1: Ensure you have a valid Interswitch card.
(If you don’t have an Interswitch account, here is how to create one. If you already have the card, skip to Step 2.)
Go to Interswitch website and click on ‘Create New Account.’
You will be required to fill in your personal data, including your name, email address and mobile phone number.
Then create a password and confirm that all the details provided are correct.
Click on ‘Create Account’, and your Interswitch account will be activated.
Step 2: On your sportsbook, go to the payments section and identify the acceptable payment options.
Step3: Choose the payment option supported by your card.
Step 4: Enter the amount you wish to fund your account and confirm the transaction.
The best thing about using this method is that the funds will reflect in your account almost immediately.
How to Deposit at Betway with Interswitch
You can fund your Betway account using Interswitch via an ATM.
- Step 1: Visit an ATM that supports Interswitch.
- Step 2: Insert your card into the ATM and enter your pin.
- Step 3:Select your account type and for the payment option, choose “Pay Merchant.”
- Step 4: Enter the Betway Merchant Code which is 04323301.
- Step 5: Enter your Betway account number (which is the phone number you provided when creating your Betway account).
- Step 6: Enter the amount you wish to deposit and select ‘Proceed’.
- Step7: You will get a notification of the transaction, and the funds will reflect in your betting account instantly.
How to Deposit at 1XBet with Interswitch
Although 1XBet does not offer a direct Interswitch option, you can still fund your betting account with other payments options supported by the Interswitch network. Some of these options include:
This is an internet payment option used to facilitate transactions using Debit Cards issued by banks in the Interswitch Network. There are no bank charges for deposits made through this option.
Click on the GTPay option in the payments section and a pop up will appear where you are required to enter the amount you wish to deposit.
On your Interswitch account, click on the GTPay option, enter your email address and click on ‘Continue’ to confirm the payment.
Similar to the GTPay option, click on the ‘Verve’ icon and enter the amount you wish to transfer to your betting account.
Confirm the amount and follow the proceeding prompts. Your funds will be deposited immediately, and there are no bank charges.
How to Deposit at Bet9ja with Interswitch
On the Bet9ja website, click on the ‘How to Deposit/Withdraw’ button.
This will direct you to a new tab where you can choose among the listed payment options:
As you can see from the above image, Interswitch is among the listed options.
Enter the amount you wish to deposit, and your funds will immediately reflect in your betting account at zero fees.
Pros and Cons of Funding Your Betting Account Using Interswitch
Accepted By Many Bookies
Most bookies that accept Nigeria players offer this payment option. Some of these bookies include 1XBet, Betway, Betking, NairaBet and Bet9ja.
Swift and Instant Transactions
Although the amount of time taken depends on the method you choose to fund your betting account, in most cases, the payments are processed instantly.
Although Interswitch is mostly used in Nigeria and other countries in Africa, some international sportsbooks offer this payment option, such as 1XBet and Betway.
There are some fees associated with Interswitch.
The company charges the betting site a 1.5% commission on every payment, and some bookies will pass this cost to players. You should, therefore, ensure that there are no fees charged with the sportsbook you settle for.
Alternatives to Interswitch
Although Quickteller is among the supported options by Interswitch, using it as a primary method can also be a great alternative if you don’t have an Interswitch account. This option allows you to fund your betting account without the need to share your financial details. This makes it an ideal method when looking to use your Quickteller account on multiple betting accounts since it enhances the security of your details. With this method, your funds will reflect in your betting account instantly, which increases convenience.
Opay is another excellent alternative for Nigeria players looking for a convenient mobile money transfer option. With Opay, you can easily fund your betting account while on the go within seconds from your mobile phone. The app is easy to use, and you don’t incur any transaction charges. With Opay, you not only get to fund your gambling account with ease, but you can also withdraw your winnings.
Unstructured Supplementary Service Data (USSD) is a mobile communication protocol that allows you to fund your betting account from your mobile phone without the need for internet connection. Betting sites that accept this option will often have a specific USSD String which you are required to enter and dial to get your funds transferred. Some of the bookies that accept this option include 1XBet, Betway, Bet9ja, NaijaBet and NairaBet. Be sure to check if your bookie offers this method and take note of the specific USSD String.
Skrill is an incredible alternative to players looking for a convenient and easy to use e-wallet payment option. This method is offered by many sportsbooks, and payments made through Skrill will reflect in your account instantly. Some of the bookies that accept this payment method include Bet365, 22Bet, NetBet and 1XBet. Most bookies that accept Skrill as a deposit option also allow you to use it for withdrawals. The transaction fees are also considerably low.
If you are looking for a fast and secure payment option, Paystack is an incredible choice. Most players prefer this option since, just like Interswitch, it allows you to make payments through other transaction methods. Those supported by Paystack include Visa QR, Mobile Money, Mcash, and Bank Accounts.
Paypal is another e-wallet service provider that is supported by many online bookies, and is known to provide safe and secure online transactions. However, Paypal comes with stringent limitations for Nigerian users; although you can create an account and send money, the platform restricts Nigerian users from receiving payments. Because of this, many players do not use PayPal.
Nigerian bookies that accept deposits using PayPal include IXBet, Interwetten, and Betway.
This is another incredible e-wallet payment option that Nigeria players can use instead of Paypal. With Neteller, you can fund your betting account instantly, and the transaction charges are quite reasonable. And just like most e-wallet payment methods, Neteller makes your transactions incognito where you don’t have to share your banking details with your bookie, and you can use it on multiple betting sites.
Frequently Asked Questions About Interswitch Betting Sites
What is Interswitch?
Interswitch is an African-based financial company that was founded in 2002 with the aim of providing a safe and secure financial transaction means. It is most prevalent in Nigeria since it allows players to fund their betting account using Visa, Mastercard, Quickteller, WebPay and Verve.
What is the minimum withdrawal at Interswitch betting sites?
The minimum withdrawal is dependent on the payment method you chose that is among the supported options by Interswitch. But generally speaking, you can deposit up to ₦1,000,000 each day using Interswitch.
How long does it take for the money to reflect?
Again, this is dependent on the method you use. But in most cases, your funds will reflect in your account almost immediately.
Is Interswitch Free?
Yes. There are no transaction fees when using Interswitch. However, it is advisable to check with your bookie to identify if the fee can be passed over to you.
Is Interswitch safe?
Yes. The company promises maximum safety while using the platform. They have also partnered with other recognized financial organizations such as Visa and MasterCard, who are known to provide reputably safe and secure transactions.
Can I withdraw using Interswitch?
The majority of the bookies that offer this option for deposits do not support withdrawals using the same platform. However, you should always confirm with your betting site.
Interswitch ensures that players experience fast and hassle-free transactions when funding their betting accounts using Visa, Quickteller, WebPay, Mastercard and Verve. Even better is the fact that Interswitch betting sites do not charge you any fee when using this method, and your funds will reflect in your account almost immediately. Our top recommendable betting sites with Interswitch include IXBet, Betway, Bet9ja, NaijaBet and Betking.