Last updated on December 5th, 2023
Paystack Payment Method Review 2024
Paystack
Paystack is a payment processor that operates in three African countries, including Nigeria. More than 60,000 businesses prefer this service for different reasons. It offers fast transactions, secure processing, and flexible options for customers.
This payment gateway is connected to major banks in Nigeria, ensuring nearly 100% success with card transactions. Due to its widespread use in Nigeria, bookmakers and gambling websites that cater to the local market frequently use Paystack. Let’s explore how Paystack works and its availability in Nigeria’s online casino landscape.
Top 4 Nigerian Casinos Offering Paystack Payment Method
Paystack has quickly become a preferred payment option for many online casinos in Nigeria. Some of the notable Nigerian online casino using Paystack as a payment method include:
1 – Mozzartbet
Mozzartbet is an online casino that has established itself in the Nigerian gambling industry. It offers a diverse range of games, including slots, table games, and live dealer options, for an immersive gambling experience. The casino operates under a license from the Oyo State Gaming Board. Upon registering and depositing funds, new users are greeted with an exciting welcome bonus, reaching a generous 200%.
2 – Betbonanza
BetBonanza is a leading online gambling platform that prioritizes delivering exceptional service to players. Established in 2014, this casino has built a solid reputation for its reliability and commitment to fair play.
With a diverse selection of over 200 casino games, BetBonanza offers an immersive and rewarding experience for players. From table games and jackpots to slots, live games, and scratch cards, there is something for everyone.
3 – N1bet
N1Bet is rapidly emerging as one of the leading new operators in Nigeria. It has gained popularity among Nigerian players due to its exceptional sportsbook, captivating casino, and frequent bonus offers.
The N1Bet Casino boasts an extensive collection of casino games from top-notch game providers in the industry. With over 2000 games available, players are treated to a diverse and thrilling gaming experience at N1Bet Casino.
4 – Bet9ja
Since its inception in 2013, Bet9ja Casino has garnered a loyal following among thousands of Nigerians. By signing up, you can enjoy a wide range of benefits. This includes generous promotions, loyalty rewards, and access to over 200 thrilling slots and games.
Additionally, Bet9ja Casino offers top-notch customer support through various channels, such as email, phone, and Twitter. Depositing and withdrawing funds is a breeze thanks to a diverse selection of popular Nigerian payment methods.
How to Deposit Money in Paystack Payment Method
Depositing money into your online casino using Paystack is easy. Here’s how:
- First, you need to login to the Paystack casino.
- Go to the cashier section and select Paystack as your payment method. This will prompt you to enter the desired deposit amount.
- Specify the amount you wish to deposit into your casino account. Ensure that it satisfies the casino’s minimum deposit requirement.
- You will be redirected to the Paystack platform, where you’ll need to provide your card details or other relevant information.
- Confirm the transaction and wait for a One-Time-Password (OTP) via email or phone.
- You’ll be prompted to enter the OTP.
- If done correctly, funds should be available in your casino account instantly.
How to Withdraw Money in Paystack Payment Method
Although Paystack is a convenient option for depositing funds at an online casino, it may not be available for withdrawals. Instead, you can opt for bank transfers as a direct withdrawal method for Paystack casinos. Follow the guide below to initiate your withdrawal:
- Log in to your online casino account.
- Navigate to the withdrawal or cashier section.
- Choose the bank transfer option for withdrawals.
- Enter the necessary details, such as your bank account information.
- Confirm the withdrawal request and wait for it to be processed by the casino.
- The funds will be transferred directly to your bank account, providing a seamless withdrawal experience.
What We Should Know About Paystack’s Payment Method
Back in 2015, Paystack started as a small fintech startup in Lagos. Since then, it has grown rapidly and become a strong player in the financial services industry.
In October 2020, Stripe acquired Paystack for over $200 million. In September 2021, Paystack made history by being the first payment gateway in Nigeria to partner with Apple Pay. Today, they handle about half of all online payments in the country.
Paystack supports various payment methods, including card payments (Visa, Mastercard, and Verve), bank transfers, and mobile money wallets. This versatility allows users to choose their preferred payment option for maximum convenience.
With Paystack, transactions are processed swiftly, ensuring quick and hassle-free payments. In the event of a refund, Paystack facilitates the process smoothly.
Paystack ensures the utmost security and reliability when it comes to transactions. They have obtained various certifications, including PCI certification and auditor certification. Moreover, they hold the prestigious PCI Service Provider Level 1 certification, which is the highest level of certification in the industry.
Furthermore, Paystack takes extra measures to ensure secure connections to their services. All transactions and interactions are conducted over HTTPS, providing an added layer of encryption.
