Get detailed info about all payment methods for online Sports betting in Tanzania
What deposit methods are available?
There are several payment methods available to betting customers in Tanzania. You can choose your payment method based on its safety, convenience, processing time, and charges.
Mobile Payments
The popularity of mobile payments in Tanzania is due to the fast growth of mobile connectivity in the country. This has supported the growth of online betting in the country. A great majority of betting fans in Tanzania use their mobile phones for betting so mobile payments offer a quick and convenient payment option. Some of the common payment methods include Vodacom Mpesa, Airtel Money and Tigo Pesa. There is also HaloPesa from Halotel and Ezypesa by Zantel.
Mobile payments are popular with local bookmakers. Not many international betting companies accept local mobile payments in Tanzania. When you register for an online betting account, your bookmaker will ask for your mobile phone number. This number should be registered for mobile payment service from the telecommunications provider. You are required to provide your unique PIN when using mobile payments. Transactions are instant and charges vary depending on the provider. We have described how to deposit using mobile payments in our review of Betpawa Tanzania.
Bank wire transfers
You can deposit money into your betting account by having it wired directly from your bank account. You can complete your transaction instantly online. You just have to list your bank account as a payment method on your betting account. Bank wire transfers allow you to deposit huge amounts of money at once into your betting account. Some of the leading banks in Tanzania include NMB Bank, National Bank of Commerce (NBC), Stanbic Bank, Standard Chartered, Absa and Diamond Trust Bank.
Debit/credit cards
Debit and credit cards are a popular payment method in Tanzania, especially for international bookmakers. Visa, Master Card and Maestro are the most common. Debit/credit cards are used for making instant deposit payments into your account. Transactions are free for deposits into your betting account. When using debit/credit cards, the currency is automatically converted into your selected international currency for bookmakers that do not take local Tanzanian currency.
Vouchers
Some bookmakers like Premierbet Tanzania provide the option of funding your betting account using vouchers. The vouchers are sold by the bookmaker’s agents based all over the country. From your betting account, select ‘voucher’ as your deposit option and enter the digits code on it. The value amount of the voucher will be reflected instantly in your betting account. Vouchers have a limited validity period, usually 30 days. After purchase, you have to use them before they expire.
What are the withdrawal methods available?
Debit/Credit cards
Debit/credit cards are a reliable withdrawal method for both local and international bookmakers. These cards enable you to withdraw large amounts from your betting account with the maximum set at TSH 1 million. During withdrawal, you will be required to provide your card details, including the 3-digit CVS number and card expiry date. Transactions can take between 1-4 days. Betway Tanzania is one of the bookmakers accepting Visa and Mastercard debit/credit cards for withdrawal.
E-wallets
E-wallets are among the best payment options to use for sports betting in Tanzania when dealing with international bookmakers. E-wallets offer a fast and reliable withdrawal method at no cost. When withdrawing using an e-wallet, all you have to provide is the email address for your e-wallet account. Transactions are available in a wide range of currencies and conversion is instant. Withdrawal using e-wallets takes about 15 minutes to complete the process. The most common e-wallet platforms are Skrill, Neteller and EcoPayz.
Mobile money
Mobile payments are a convenient payment method for most people. The whole transaction is completed instantly on your mobile phone. You do not require any bank account or debit/credit cards linked to your mobile payment method. When you register for a betting account, you will be asked to provide the mobile phone number and PIN registered in your name for mobile payments. Read how to withdraw from your betting account using the mobile method at our Sportpesa Tanzania page.
Bank wire transfers
This involves having your withdrawal sent directly to your bank account. This payment method is slow but very safe. Transactions can take 1-7 days to process before you can access the money in your bank account. The slow process allows for confirmation of transaction details to minimize the possibility of fraud. The largest withdrawals from betting accounts are done using bank wire transfers.
Go back to our overview of payment methods for many African countries