Novibet Sportsbook Deposits & Withdrawals

Eric Kithinji

Updated: Sep 4, 2023

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Novibet Sportsbook is making a splash in Canada.

Before you sign up, you should learn more about the site’s main features, including the available payment options, which is what we’ll be focusing on in this review guide.

It’s not the most expansive variety you’ll come across, but the great news is that Novibet Sportsbook has the core bases covered — cards, bank transfers, Apple Pay, and even Interac.

In this article, we’ll cover everything associated with banking at Novibet Sportsbook, including the withdrawal limits and payout times, to help you decide whether this should be your next online gambling destination.

So if you’re eager to learn more about this Canadian site, check out our guide.

How To Deposit At Novibet Sportsbook

It’s easy to fund your Novibet sports betting account.

Even if you are just starting out, we’ve simplified the deposit process by highlighting the key steps below:

  • Log in to your Novibet sports betting account.
  • Jump to the cashier section and select the “Deposit” or “Add Funds” option.
  • Pick your preferred deposit option.
  • Enter the amount you wish to fund your sportsbook account with.
  • In case of any additional prompts, follow the instructions to finalize the deposit.
  • Novibet will confirm your deposit and the funds should reflect almost instantly.

The minimum amount that you can deposit using most banking methods is $10.

Payment Methods

At Novibet Sportsbook, bettors have 7 banking options to choose from — these range from banking cards to digital wallets and even bank transfers.

Below, we’ve discussed the core details that you need to know.

Mastercard And Visa

As you’d expect, you can use your Mastercard or Visa banking card to make deposits here at Novibet Sportsbook.

The minimum you can fund your account with using either of these cards is $10.

Novibet doesn’t have any fees on its end.

However, you may need to check with your bank to know if you’ll be charged a fee for depositing at an online sportsbook.

American Express

Novibet Sportsbook accepts a wide range of banking cards, including Visa, Mastercard, and Maestro. However, we didn’t see American Express on the list of accepted payment options.


PayPal is extremely popular among Canadian sports bettors. However, it’s not listed among the payment options available at Novibet.

If you’re looking for a close substitute, we suggest using Apple Pay.


Instead of ACH, Novibet offers Interac and bank transfers — two extremely popular payment methods that are favored by Canadians.

You can deposit or withdraw as little as $10 via Interac or bank transfer.


You won’t find many online sportsbooks in Canada that process payments via Venmo.

At Novibet, you can’t fund your account or make withdrawals using Venmo.

Cash App

Cash App also isn’t widely accepted at many sports betting sites. So, you currently can’t use this payment alternative here at Novibet.


PayNearMe allows bettors to fund their accounts by depositing cash at participating retail stores.

Currently, bettors can’t use PayNearMe to fund their Novibet accounts.


Many Canadian sports betting sites use Skrill, a popular PayPal alternative, to process deposits and withdrawals.

At Novibet Sportsbook, however, Skrill isn’t one of the listed payment methods.

Physical Location/Cash Cage

Since Novibet Sportsbook doesn’t have a physical land-based partner in Canada, it doesn’t offer cage deposits/withdrawals.

VIP Preferred e-Check

Instead of VIP Preferred e-Chek/ACH, Canadian sports bettors at Novibet have the option of using Interac or bank transfers.

Transaction limits start at $10, and we didn’t see any mention of fees.

Deposit Bonuses

These days, signing up at an online sportsbook comes with plenty of perks.

Chief among them is the welcome deposit bonus.

At Novibet, new players are treated to $400 Deposit Match Bonus.

Since this is a dollar-for-dollar welcome offer, your first deposit will essentially be doubled.

This means that if you make a first deposit of $200, you’ll receive an extra $200, which puts your starting bankroll at $400.

The bonus has a 5x wagering requirement, which is extremely easy to achieve.

Plus, you’ll have 60 days to clear this rollover, so you don’t need to rush to find that winning combo.

To claim this bonus, simply make a minimum deposit of $10.

How To Withdrawal At Novibet Sportsbook

If you’ve won some sports wagers at Novibet and want to withdraw your winnings, the process is quite easy.

Here’s all you’ll need to do to get your hands on your winnings:

  • Head to Novibet Sportsbook and sign in.
  • Navigate to the cashier.
  • Click on the “Withdraw” button.
  • Choose one of the payout methods offered by the site.
  • Next, enter the amount you want to withdraw.
  • Finalize the withdrawal by following any on-screen prompts.

Novibet Sportsbook Payout Times

Having a rough idea of when a payment is going to arrive is extremely handy, as you won’t be stuck in limbo anxiously waiting for a payment that is days away.

To that end, we’ve listed the expected payout times for the withdrawal methods offered at Novibet Sportsbook:

Withdrawal MethodAdvertised Processing TimeMinimum
InteracA few hours$10
Bank Transfer1-3 business days$10

Advice On Managing Your Bankroll

The best sports handicappers know how crucial bankroll management is. Sure, you can be a sports whiz and correctly predict the outcome of all the games, but you can quickly lose it all through one wrong decision.

Since we don’t want you to fall prey to the all-too-common tale of the gambler who lost his life savings, we’ve listed a few tips that will have you managing your bankroll like a pro:

  • Keep Track Your Wagers: If you want to know your strengths and weaknesses, you’ll need to keep track of all the sports bets you place. Doing this will show you the betting markets that are boosting your bankroll and the ones that are draining it, thus showing you what your primary focus should be.
  • Avoid Chasing Losses: Failed to cover the spread because of a needless last-minute touchdown? Well, you’ll just have to keep your emotions in check, as this will stop you from placing a bet that you may later regret. Just know that losing is also part of the game, so take the losses with your head held high and come back when you’re mentally and emotionally ready.
  • Use Bonuses To Boost Your Bankroll: The easiest way to boost your betting bankroll is by taking advantage of bonus offers. Most are easy to claim, and you can even score no-deposit bonuses on some sites.

Customer Service

If you ever experience any banking-related problems at Novibet Sportsbook, the site has a 24/7 customer support team that’s always ready to help out.

You can contact the site’s support team through the following channels:

  • Live Chat
  • Email
  • Facebook Messenger
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About the author

Placed his first sports wager shortly after high school, and has been involved in this whirlwind of the industry since then. Fan of most of the maj...

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