Top 5 Online Casino Payment Methods in South Africa
Following the legalization of online gambling in South Africa in 2008, this country has become a popular destination for gaming with the market set to hit the $1 billion mark this year, despite the rest of the world slowing down. With this comes the increasing demand for reliable digital payment methods that can keep up with the times.
Apart from that, with so many fast payout casinos in South Africa available, it almost goes without saying that players opt for methods that are the most efficient. So, let’s explore the most preferred ones and understand why they are popular.
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Debit and Credit Cards
Debit and credit cards such as MasterCard and Visa have proven extremely popular amongst South African players. This payment method allows for both payments as well as withdrawals to be made, but you’re always going to want to refer back to your personal bank’s casino policies just in case, especially if you’re planning on using a credit card.
Visa Cards
In South Africa, Visa is the most widely used card payment method to date, and its widespread availability and simplicity of function make it a preferred payment option. When it comes to online gambling, debit cards are one of the most reliable and secure options, allowing you to transfer funds as required in real time. Most casinos will accept this payment method, however there might be certain restrictions on withdrawals you might want to investigate.
MasterCards
The second most popular type of card used in South Africa is the MasterCard that functions pretty much in the same way. MasterCard debit and credit cards are also known for their reliability and safety when playing online, which is why many casinos will incentivize players to make use of this payment method. More recently, MasterCard has completed significant new infrastructure in South Africa, further bolstering its commitment to the region.
Amex Cards
American Express debit and credit cards also tend to operate in a similar way; however they are not as popular or widely accepted in South Africa. To this end, if you specifically intend using an Amex card to play in this region, you’re going to want to double check whether this is accepted at your preferred casino.
E-Wallets
If you’re not comfortable sharing your card details right away, there’s always the option of making use of an e-wallet instead. It’s important to note here, however, that casinos might require you to verify your account in any case at a later stage when selecting this payment method. Popular options available to South African players include:
PayPal
Signing up to PayPal is quick and easy, and best of all it’s absolutely free. Allowing you to hook up your bank account to the central PayPal network, which of course comes with other perks, you’re easily able to make withdrawals and payments at any PayPal approved online casino.
Skrill
Similarly, Skrill is some other digital pockets that’s extensively normal in on-line casinos and allows you to make deposits and request withdrawals in actual time. Backed by a sterling popularity and some quite stable client care, Skrill is an an increasing number of popular e-pockets preference in recent times.
Neteller
Another widely used e-wallet provider is Neteller that has become the go-to casino e-wallet for many players over the years. This is mainly due to its quick and safe transactions, uncomplicated withdrawals and nominal feels. Apart from that, Neteller also allows you to trade currencies within the app making it the preferred choice amongst people who tend to travel a lot or play in casinos in different regions.
Cryptocurrency
If being completely anonymous is a priority to you, then cryptocurrency casinos are a suitable option to consider. Of course, you’ll still be required to verify your account with the casino at some point for legal purposes, however, that’s where the information train ends.
Bitcoin
When it comes to cryptocurrencies, Bitcoin takes the lead and these days there are various South African on line casinos in an effort to allow you to fund your account with the use of this forex. In order to achieve this, you’ll first want to buy the Bitcoin currency using a 3rd-party app and the use of its e-pockets characteristic when making a price at an internet on line casino. It’s handy to note that some casinos will also accept other types of crypto such as Litecoin or Ethereum, however generally speaking, Bitcoin is always a safe bet.
Transfer Options
Even though bank transfers might not always be the first payment method to come to mind, they’re always going to be one of the safest and most convenient ways to effect online payments. There are several options available to South African players interested in this payment method, which include:
SID Instant EFT
If you’re looking for something that’s as convenient as it’s straightforward, then SID Instant EFT might be the product for you. Only available in South African casinos that support leading banks such as Standard Bank and First National Bank, this payment method allows you to transfer funds in under a minute via the electronic banking page provided by following a couple of simple clicks.
Easy EFT
Another popular payment method is Easy EFT, which allows you to wire your SAR Rand funds directly from your bank account to your casino’s bankroll. Offering instant purchases and transfers at zero cost, Easy EFT is proving a widely accepted choice amongst South African players.
Bank Transfer
This is one of the oldest but most secure techniques of payments with regards to online transfers, but the downside right here is that it’d take a little longer than any of the alternative techniques we’ve noted above. Transactions may want to take anywhere between multiple hours up to some of operating days, and also you’ll be required to consist of additional financial institution details consisting of your IBAN number and Swift Code amongst others, so you’re going to need to be prepared.
Mobile Top Ups
This is one of the newest varieties of fees common through online casinos in South Africa but is proving to be gaining momentum rapidly. Mobile top-up apps permit you to make a deposit at an online casino the usage of your smartphone. The machine will ship out and get admission to code by SMS, which you’ll be required to key into the website online to be able to finalize your payment. Once that’s complete, the cost is added to your next bill, and your casino account is funded instantly.
