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Isa Idowu
Author Isa Idowu
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reading time 11 min Withdrawals

How to Withdraw From MelBet?

publication - Apr 29, 2024

changed - May 07, 2024

Modern wagering approaches allow gamblers to settle their bets quickly and with a high chance of success. Currently, most bookmakers in Uganda have established reliable platforms with various features for beginners and professionals. With the full range of sportsbook tools, devoted bettors can profit daily. 

As you master the skill of wagering, it is vital that you stay informed about relevant methods of deposit and withdrawal. Keep reading the article to find out more about withdrawing your winnings.

MelBet

About Melbet

MelBet is a popular bookmaker operating in Nigeria for many years now. The platform offers over 1,000 daily sports events in various markets. Any important event is guaranteed to be broadcast by the sportsbook. MelBet has developed its site-specific features, including special lotteries and TV games. 

Overall, many bettors in Nigeria prefer the bookmaker to its alternatives for its accessibility. If you are interested in more information on the platform, feel free to read our MelBet review.

Withdrawal Conditions

Melbet Withdrawal Conditions

You can only use the service to its full potential once a few requirements are met, just like with every exchange. Regarding MelBet’s withdrawals, limits to both maximum and minimum payout sums apply. This step is crucial in promoting a safe and transparent environment for the company and its users.

Minimum Amount 

The minimum sum is the same across all methods and equals to ₦500. The amount is relatively low compared to other platforms, offering an exclusive deal to MelBet users.

Maximum Amount

The maximum payout amounts vary among different transaction methods. Paystack allows bettors to withdraw ₦1,000,000 at a time. Flutterwave Bank Transfer sets a ₦25,000,000 limit. Note this substantial difference while selecting a withdrawal method for yourself.

Maximum Daily Amount 

Considering the approximate time required to exchange a large sum between the sportsbook and your bank account, the maximum sums described prior equal to the daily limits to be withdrawn.

Methods

Melbet Methods

MelBet relies on two payout modes: through Paystack and Flutterwave Bank Transfer. Let’s explore both options.

Paystack

Paystack is a modern payment system based in Nigeria. Trusted by thousands of users across Africa, the service is quick and convenient.

  • You will be required to select a recipient bank, enter account details, and the sum to be withdrawn. 
  • Remember the financial limits: a minimum of ₦500 and a maximum of ₦1,000,000. 

The transaction will be recorded in your account history. 

Flutterwave Bank Transfer

The service is another reputable method of transferring funds online. Flutterwave delivers money to local banks safely and without delays.

  • Enter your bank of choice, account name or number, and how much you want to withdraw.
  • Note the financial limits: a minimum of ₦500 and a maximum of ₦25,000,000. 

You will receive the transaction details in your account history.

In-App Payout 

MelBet is known as a highly accessible sportsbook as it offers an app compatible with both iOS and Android devices. Conveniently, the algorithm for withdrawing your winnings from the platform is the same in both software versions. Read the guide below to learn more about instant in-app payouts.

iOS and Android

The process of receiving your hard-earned reward includes the following steps.

Step 1: Open the App

Whether you have an iPhone or any Android device, the general interface of the app should be identical. Navigate to the Menu section located at the bottom right corner.

Step 2: Terms and Conditions

Find the “Info” option within the Menu and click on it. You will then need to select “Rules” from the next page and find the Terms and Conditions regarding the payment procedure. 

  • It is crucial that you pay close attention to the principal regulations of the process. This step prevents any withdrawal issues and guarantees a secure transaction.

Step 3: Account Management

Once you have familiarized yourself with the rules, go back to the Menu and click “Account Management.” There you will find a “Withdraw” option. 

Step 4: Withdraw from Account

In-app payout offers only one withdrawal mode: through the Nigeria Instant Bank Payment. Be attentive: the payout minimum is ₦600, and the maximum is ₦4,000,000.

  • Enter your Name, Surname, Email, Bank of choice, and Account Number.

Step 5: Confirm Transaction (Via SMS)

The final step is completed once you receive a confirmation code. Enter the code in the field provided and confirm withdrawal. You will track the payment in the transaction history.

Website Payout

The same procedure can be completed through the desktop version. 

Step 1: Open the Website

Log into your account on the official MelBet website.

Step 2: Terms and Conditions

Once you are on the homepage, scroll down to find the Terms and Conditions. 

  • Click the option to find relevant information on the limits and responsibility management regarding payouts. 

Step 3: Select Withdrawal

After acknowledging the rules, go back to the homepage and click on your account icon. You will see several options. Select “Withdrawal.”

Step 4: Pick a Method

Two payout methods will be available on the page. Choose between Paystack and Flutterwave Bank Transfer, considering their payout limits. 

  • Enter the required details: Bank of choice, account details, and the withdrawal sum.  

Step 5: Confirm the Transaction

You will find the confirmation in the ”Messages” section of the same page.

Commission Fee

Melbet Commission Fee

MelBet payment modes do not request any commission fees for the transactions. However, users must note the terms and conditions that apply to the bank transfers. Most importantly, consider the payout limits offered by each system.

Cashout

Cashout is a feature that allows bettors to settle their stake before an event’s conclusion. The amount cashed out is determined by the time the wager was paid out and the current probability that it will win. 

MelBet Nigeria does not currently offer any regular cashout deals. Check the site’s Live section regularly for any updates. Remember that the feature is rarely available for all markets and sports.

Transaction Duration

Generally, MelBet boasts an impressive speed of payment transactions. The methods offered by the sportsbook work instantly to deliver your winnings as soon as possible.

Although most withdrawals are processed in a matter of minutes, MelBet guarantees a maximum duration of 24 hours.

In case of any questions, feel free to contact Customer Service.

How to Check Payout Progress

If you are wondering where your winnings are after submitting a withdrawal request, check the transaction history in your account. The option is applicable for in-app and desktop versions. 

  • Transaction history includes all the procedures submitted by the user, including those pending. 
  • The Messages section can also be used to track the status of your withdrawal (on the website).

Potential Issues

Melbet Potential Issues

Although MelBet is often the top choice for any punter in Nigeria, challenges along the way are inevitable. We have compiled a list of potential issues and their solutions to enhance your wagering experience.

User Issues

If you are a newcomer or unfamiliar with the bookmaker, you might encounter some difficulties with the system. To avoid them:

  • Read the terms and conditions attentively.
  • Check the accuracy of the personal information filled in at every stage.
  • Contact customer care if you have any questions.
  • Try out different withdrawal options to find one that suits you best.
  • Stay within the written limits of payout.

Technical Difficulties

Less predictable but manageable issues concern technical difficulties of the system. Some users note inconsistencies within the apps, while others have noted the same problem on the website. Although relatively rare, this problem must also be dealt with.

  • If a particular method isn’t working, try an alternative.
  • Switch from the desktop version to the app or vice-versa.
  • Take a screenshot of the issue and contact customer service if there is nothing you can do about it.

Payout Issues

Users rarely report disruptions in the withdrawal process. However, if they do occur, let’s look into possible causes.

  • You have exceeded the payout limits. Note the appropriate sums on the Withdrawal page of the site. 
  • You have entered incorrect personal or billing information. Verify the name, account details, and bank account number.
  • The system is lagging. Contact customer support for further assistance.

Customer Support

MelBet maintains its security and reliability profile through solid customer service. The team can be reached by phone or email. A live chat option is also available for urgent situations.

  • +2349151360255
  • info@melbet.ng

Payout Inquiries 

For any additional payout inquiries, feel free to contact MelBet’s support team. The bookmaker guarantees immediate support with customer service, working 24 hours a day.

Conclusion

Melbet Conclusion

MelBet offers a transparent and reliable withdrawal process. Beginners and expert bettors new to the platform can enjoy the sportsbook’s perks without worrying about losing their winnings. Follow the simple guides described above to withdraw your first cash prize!

FAQ

How can I transfer money from my betting account to my bank account?

Enter valid bank account details and provide your personal information for the payment to go through.

Can I withdraw free bet money?

Bookmakers typically do not allow free bet money to be withdrawn.

How long does it take to withdraw money from MelBet?

MelBet payout processing does not exceed 24 hours. Usually, the transactions occur instantly.

How do I withdraw money after winning a bet?

Follow the guide in the article to learn about the procedure using the MelBet app or website.

Why can’t I withdraw from my MelBet account?

If you are experiencing payout issues, check the personal and billing details you have entered, as well as the withdrawal limits for the chosen method.
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