Methods Of Payment For Online Betting In Bangladesh

Betting Payment Methods

Bangladesh Payment Review

Many international betting sites that facilitate Bangladeshi players have a wide range of payment options. Before making an account with that site all you need to check is which payment method is acceptable. We suggest you stick with e-wallets in order to have safer and faster withdrawals. Because banks are monitoring the online use of credit cards. So, try to avoid making direct payments through credit cards and use your cards for payment via digital systems.

These international betting sites also accept deposits and withdrawals through Bkash, Nagad, and Rocket. These are very popular payment methods in Bangladesh. Bkash is a mobile financial service provider in Bangladesh. It is operating under the license and approval of the Central Bank (Bangladesh Bank) as a subsidiary of BRAC Bank Limited. It makes money transfer easy and safe via mobile phones to both the unbanked and the banked people of Bangladesh.

Nagad was launched by the Honorable prime minister of the People’s Republic of Bangladesh on March 26th, 2019, as a groundbreaking partnership. The main objective of Nagad is to provide the people of Bangladesh with the most relevant and impactful digital financial services. Nagad envisions its role as a one-stop digital banking destination in partnership with the entire financial services industry. It offers services like Cash Out, Mobile Recharge, EMI Payment, Card to Nagad, etc.

Rocket is a banking process without branches that provides financial services to unbanked communities efficiently and at an affordable cost. It’s a product of the Dutch-Bangla Bank. Dutch-Bangla Bank has involved four parties Bank, Mobile Network Operators, Agents, and Customers with a commission model to suit each of the parties.

So, these are some payment options that as a Bangladeshi you can use on betting sites. They allow you to transfer your money seamlessly.

Top Payment Methods in Bangladesh

Betting

Bkash

Bkash is a mobile financial service provider in Bangladesh. It is operating under the license and approval of the Central Bank (Bangladesh Bank) as a subsidiary of BRAC Bank Limited. It makes money transfer easy and safe via mobile phones to both the unbanked and the banked people of Bangladesh. Using Bkash, people can transfer money into their mobile accounts and make prepaid mobile payments, make online payments for shopping, give and receive money on their accounts. Bkash allows you to receive money even from overseas.

Nagad

Nagad was launched by the Honorable prime minister of the People’s Republic of Bangladesh on March 26th, 2019, as a groundbreaking partnership. The main objective of Nagad is to provide the people of Bangladesh with the most relevant and impactful digital financial services. Nagad envisions its role as a one-stop digital banking destination in partnership with the entire financial services industry. It offers services like Cash Out, Mobile Recharge, EMI Payment, Card to Nagad, etc.

Rocket

Rocket is a banking process without branches that provides financial services to unbanked communities efficiently and at an affordable cost. It’s a product of the Dutch-Bangla Bank. Dutch-Bangla Bank has involved four parties Bank, Mobile Network Operators, Agents, and Customers with a commission model to suit each of the parties.

How to deposit money on an online betting app?

Depositing money on betting sites is quite simple. But before making any move you need to make sure about which payment method it accepts. And is there any minimum and maximum deposit limit or not?     We have already informed you about using the payment methods above in the article. After making sure all these things follow the instructions described below:

  • Login to your account.
  • Click the “Add Balance” option which you will find on the betting site.
  • Here site will show you the payment methods it accepts.
  • Select the preferred payment method.
  • Enter the amount you wish to deposit.
  • Now, enter the payment details.
  • Confirm your deposit.

Unlike withdrawals Deposits on betting sites are instant. You don’t have to wait for long. These sites also provide you the option to check the details of your transaction. You can check the transaction details under your profile section. Here you can see how much money you have deposited and withdrawn.

How to withdraw money on online betting app?

Withdraw on online betting

To withdraw money from online betting sites first you need to update your account details. This step you have to perform once and then you can withdraw money whenever you want. Second, you need to know about the withdrawal limits. Many betting sites have set minimum and maximum withdrawal limits per transaction. Don’t worry your account details are safe as most of the betting sites are licensed. But don’t forget to check it on your own before making any move. After making sure these things follow the instructions described below:

  • Login into your account.
  • Navigate to your profile then.
  • Go to the “Withdrawal” option. Here if you have already added the bank account details then you don’t have to add them again. But if not then please add your bank account details to the site.
  • Enter the amount you want to withdraw and submit your request.

After placing the withdrawal request it may take time of 1-3 working days to complete your request. You can track your request in the transactions section under your profile section. Here you will find whether the transaction has been processed successfully or not.

Bangladesh Payment FAQ

Q.1 Is it safe to provide payment details on online betting sites?

Don’t worry your payment details will be safe as all sites are licensed. These sites also use state-of-the-art SSL encryption to prevent scammers. So, be assured your details are safe.

Q.2 Which betting sites support Bangladeshi Taka?

Most betting sites don’t support Bangladeshi Taka. But 1xBet and 22Wager enable their Bangladeshi bettors to deposit and withdraw funds of their native foreign money. Bangladeshi bettors need to be conscious that after they guess on websites that do not settle for Bangladeshi Taka, they’re more likely to be charged foreign money conversion charges.

Q.3 How long will a withdrawal take to clear my account?

Withdrawal time duration differs from sportsbook to sportsbook and largely varies on basis of the selected payment option. Debit or Credit Cards often take 2-3 days for the withdrawal process, while most eWallets like PayPal or Neteller clear a withdrawal within the same day, and for Bank Transfers it usually takes 1 or 2 days for withdrawal. For more information, we suggest you contact the customer support of that respective site.

Q.4 How to choose a currency for betting in Bangladesh?

This is done initially during the registration of a personal account. You will be offered all possible currency options, among which you can find the official currency of Bangladesh. So, make sure to choose the currency option while creating an account on a betting site.

Q.5 Which payment methods I can use?

Each bookmaker has its own list of payment methods you can pick from for funding your account. The most common and largely popular withdrawal or deposit methods are Credit Cards and Debits Cards, and e-Wallets like Skrill, Paypal, and Neteller.

Conclusion

Online betting provides a great opportunity for Bangladeshis to earn real money in their free time. Through these sites, people also get a chance to explore various betting options like Slot, Lottery, Fishing, Poker, etc. These sites allow you to earn money by joining their affiliate program as well. So, please check the website for more information. You will earn a commission for every successful referral. So, use the affiliate program of betting sites to double your earnings.


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