The banking method that we will take a closer look at now is Paycom Nigeria. Unfortunately, as the table below shows, there is not an awful lot of information around about this bank. This is a common theme with many Nigerian payment methods. However, we have tried to provide you will all of the information possible and we will update the page whenever we find out a bit more.
No deposit fees
N45 and 1% for withdrawals
Instant for deposits and N/A for withdrawals
What is PayCom Nigeria?
PayCom Nigeria is a mobile-based e-Wallet that gives its users the chance to send and receive cash. Since more than 60% of Africans do not have access to a bank account, this is a viable means for Nigerians to deposit money with a bookmaker that they have an account with.
In order to use this payment method, you will need to download the app that is known as OPay. At this moment in time, they are providing their services to millions of Africans, including those who love to bet on sports.
When it comes to funding you OPay e-Wallet, you can use any of the following methods:
- GT Bank
How to Create an Account with Paycom Nigeria in Nigeria
Creating an account could not be any simpler. We have outlined the process below:
- Make sure that you have a smartphone with access to the Internet.
- You then simply need to enter the Google Play Store of the Apple Store (depending on the platform that your device uses) and download the app from there.
- You will then need to add a few details and once you have done that you will have a new OPay account.
- The final step is to deposit money into your OPay account. Once you have done all of the above, you can then use your account to deposit money with bookmakers that accept this method of payment.
N.B. When you are making a deposit at a sportsbook using this payment method, you will need to enter your user ID. Therefore, we recommend that you write this down somewhere so that you do not always have to keep searching for it when you are planning on making a deposit.
Fees and Commissions for Using PayCom Nigeria
You will be happy to hear that you will not be charged any extra fees when you make a deposit for this payment method. When it comes to withdrawal fees, you will usually not be charged by the bookmaker for withdrawing money from your account using this payment method.
If you then want to withdraw money from your OPay account to a bank account, there will be a small fee that you have to pay. The first transaction that you make in a day will come with a fee of N45, while any other withdrawal transactions in that same day will come with a 1% fee.
Our Opinion about PayCom Nigeria
PayCom seems like a very secure e-Wallet and the fact that millions of Africans are making use of it is testament to how good it is. It is easy to use, which is always a plus, and you can add funds to your e-Wallet using plenty of different methods. This is great as it increases the chances of their being a method that you can use which you are familiar with.
Overall, it does not look like you will have many issues if you decide to use this as a payment method for a sportsbook.
What You Need to Know about PayCom Nigeria
Below are some common questions that people ask about PayCom Nigeria.
What is the Minimum Deposit?
The minimum deposit that you can make currently stands at N100.
What is the Minimum Withdrawal?
Unfortunately, this is not the easiest question to answer without actually having an account. Therefore, in order to find out the answer to this question you will have to create an account yourself and try to make a withdrawal.
What is the Delay for Depositing or Withdrawing?
When you make a deposit using this payment method, you will be glad to hear that the money will show up in your bookmaker account right away. When it comes to withdrawing, we could not find any information. However, since it is a type of e-Wallet, there is a very good chance that it will be instantaneous as well.
Are There Any Deposit or Withdrawal Fees?
When you are making a deposit to a sportsbook you will not be subjected to any fees. When you are withdrawing from a sportsbook, there will be no fees either. However, if you want to withdraw from OPay to your bank account you will be charged N45 for the first withdrawal on one day and then 1% for any other withdrawal that you make on the same day.