Casino Deposit and Withdrawal Options for South African Players
There are many factors that play a part in successful online gambling for South Africans. One is having a good knowledge of the game you are playing, two is arming yourself with a few good betting strategies, and three is being able to fund your account, and withdraw your winnings, quickly and safely.
In fact, having immediate access to high-quality payment options on both desktop and mobile platforms, are fundamental deciding factors in choosing an online casino or other type of online betting site. At Spin247, we cherry pick only the best and most suitable online casino options for South Africans, which naturally include sites that offer the best banking options for SA players.
Essential Payment Options for SA Players
When browsing through online payment options for SA players at recommended casinos, you’ll find that these are generally divided into three main groups:
1. Credit and debit cards (Supported by CasinoLuck)
2. Bank transfers or EFT’s (Supported by Karamba)
3. eWallets (Supported by Casumo Casino)
All three have their strong points as well as their weak points, and the choice should be based on your own particular needs. However, you can be sure that, whichever method you choose, each has been thoroughly tested and are guaranteed by all reputable local and international financial institutions.
Let’s take a closer look at each of these three main payment options for SA players:
Credit and Debit Cards – MasterCard and Visa
Most South Africans are already very familiar with both MasterCard and Visa credit and debit cards. You’ll find these in use in virtually every sector of our society and both are readily accepted at thousands of outlets. Credit cards and debit cards present a safe and secure way of transacting and you’ll find plenty of convenient options underwritten by both MasterCard and Visa.
Using your card and setting it up for the first time with your chosen online casino is a very easy process. Simply select the credit or debit card options when signing up or when making your first cash deposit into your new account. You will need to select either MasterCard or Visa from the list of options, add your card number, expiry date of the card and your unique CVV number (found on the back of the card). Then, simply add the amount that you would like to deposit to complete the transaction.
Be aware that most online casinos will expect you to withdraw to the same method that you used to make your deposit. If using a debit card, be sure that your online casino (or bank) will allow withdrawals to be made to your debit card. If using a credit card for withdrawals, expect to wait for at least 72 hours for your transaction to reflect in your account.
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Bank Transfers – EasyEFT and Internet Bank Transfers (EFT)
Electronic Funds Transfers (EFT’s) are a very popular alternative to card payments in SA. EasyEFT is an exclusive option for South Africans transacting online and offers services in ZAR. The easiest way to think of EasyEFT is as a middleman or third party between your normal bank and your online casino.
Whether you choose to use EasyEFT, Internet Bank Transfer or SID Instant EFT, the process is the same since all three falls under the same bank transfer option. You can use any of these methods for both depositing and withdrawing in ZAR without the need to involve your credit or debit card.
Simply go to your casinos payment page and select bank transfer from the list of options. Next, select your SA bank from the list, which should include:
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FNB
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Standard Bank
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Nedbank
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ABSA
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Capitec
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Investec
You’ll need to sign in to your bank from this page and simply add the amount that you wish to deposit or withdraw. Next, confirm the amount and transaction through your mobile banking app to complete the transaction.
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E-Wallets
The popularity of electronic wallets, also known as eWallets, is one the rise and you’ll find plenty of options at SA online casinos. E-wallets are popular for a number of good reasons – they are fast, convenient, safe and very easy to use. Using a eWallet gives you an extra degree of safety online, as there is no need to reveal your credit card or banking details to third parties.
To fund your casino account via a eWallet, you will need to set up an account with an eWallet and then fund your eWallet from your bank, using a transfer, credit card or debit card. E-wallets can be used for both deposit and withdrawals, with withdrawal times often taking 48 hours or less to reflect back in your eWallet.
Popular eWallet options at SA casinos include:
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Skrill (Moneybookers)
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EntroPay
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Neteller
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EcoPayz
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