Online Casino Payment Methods for 2024
There are plenty of online casino payment options to choose from at South African casinos. The big question is, what is the best banking option for you? We’ve made it our mission to help you decide. We understand that researching casino payment methods can be a hassle. To save you conducting hours of boring research, we’ve done all the hard work for you. We’ve reviewed the most popular banking methods for online casinos in South Africa – and we’ve gathered all the information on this page. Asking yourself why you should trust our information on the best casino payment options? We’re a group of South Africans who have racked up decades of experience gambling online. We love nothing more than sharing our knowledge to help players like you choose the most suitable payment option.
Popular Payment Methods
Casino Highlights
- Excellent VIP loyalty program
- Daily 15% cashback on losses
- ZAR currency deposits accepted
Credit Card Options At Online Casinos
You make everyday purchases with your credit card, so why not use it at online casinos? Not only are credit cards one of the safest casino payment methods you can choose, they are also one of the most convenient. You’ll also benefit from instant deposits and large limits by using your credit card.
Visa and Mastercard Leading the Way
As Visa is the world’s largest credit card company, it’s difficult to find a South Africa casino that doesn’t accept it. This will be music to your ears if you fancy gambling online before payday. You can simply deposit using your Visa credit card and pay off what you owe when you get paid. This cash advance is one of the main reasons why players prefer using a credit card over a debit card.
Don’t worry if your bank has partnered with MasterCard instead of Visa. As Visa’s biggest competitor, MasterCard is widely accepted at the top-rated online casinos in South Africa. There are many reasons why MasterCard is one of the most popular casino deposit methods. Like Visa credit cards, there are zero fees to pay. You’ll also benefit from fantastic security measures like Secure Code and MasterPass.
Transfer Options At Online Casinos
A bank transfer might not be as popular as it once was, but it remains one of the safest and most secure online payment methods, especially when joining new casinos. South Africa boasts lots of online casinos that offer a wide range of electronic funds transfer options. Money is electronically transferred between your bank account and the casinos.
EasyEFT
EasyEFT has become one of the most popular deposit methods for online casino players in South Africa. It’s a relatively new online payment system that is exclusively available for South Africans. EasyEFT allows you to transfer South African Rand to your favourite online casino without converting to another currency. In addition to this, EasyEFT deposits are processed instantly and there are zero fees to pay.
SID Instant EFT
Casino deposit methods don’t get any more convenient than SID Instant EFT. Exclusively available at South African casino sites, SID Instant EFT is supported by major banks like First National Bank (FNB) and Standard Bank. By choosing this option in the cashier, you will be directed to an encrypted online banking page. Simply confirm your bank details and choose how much you’d like to deposit.
Wire Transfer
A wire transfer is one of the most secure online casino payment options, but it does require a little more patience. It can take between a few hours and five business days to complete transactions using this method. You’ll need to provide information like your username, bank account number and IBAN number when you make a deposit. Just make sure you check how much you will have to pay in fees.
E-Wallet Options At Online Casinos
Unless you’ve been living under a rock all your life, you’re bound to know what an e-wallet is. It’s a digital wallet that allows you to store money online and make payments. PayPal isn’t supported at online casinos in South Africa, but there are some great alternatives that have their own benefits.
Skrill
Formerly known as MoneyBookers, Skrill is accepted at most online casinos for South African players. It’s a popular choice among gamblers in SA due to its speed and security. By using Skrill, you will benefit from instant deposits and withdrawals that are typically completed within 24 hours. You will incur fees when you upload funds or withdraw money to your bank account, but these fees are less than Neteller charges.
Neteller
Neteller has been processing online casino payments since the year 2000. There are many reasons why it remains one of the most popular casino payment methods in South Africa all these years later. One of its key features is instantaneous transactions. Neteller also provides more deposit options when compared to its main competitor, Skrill. Neteller is renowned for its bulletproof security measures.
ecoPayz
If you don’t already have an ecoPayz account, it’s about time you got one. ecoPayz is offered as a deposit and withdrawal method at almost every South African online casino. Once you complete the free registration process, you will receive an ecoCard. It can then be used to make payments in Rand easily and securely at your favourite casino sites. ecoPayz also boasts relatively low transaction fees.
Cryptocurrency Options At Online Casinos
For more anonymous transactions, you should use cryptocurrencies. The number of cryptocurrency options available at online casinos in South Africa is growing all the time. Bitcoin is by far the most popular and valuable cryptocurrency. However, many casino sites also accept altcoins like Litecoin and Ethereum.
Bitcoin
Bitcoin is the ideal payment option if you want to play real money casino games without sharing your personal information. As well as privacy perks, bitcoin transactions are encrypted, verified and processed instantly. There aren’t even any fees to pay. Many online casinos in South Africa offer bitcoin as yet another payment option. There are also provably fair casinos that cater solely to bitcoin users.
Pay By Mobile Phone Options At Online Casinos
The shift to mobile gaming in recent years has led to an explosion in the number of pay by phone casinos in South Africa. You can now deposit quickly and easily at online casinos using your phone. This deposit-only option allows you to confirm payments by entering a unique code that is sent via text message. Your account is then funded, and you don’t have to pay a thing until your next bill arrives.
The Best Payment Option For You
We’ve used our expertise and experience to come up with a comprehensive list of the best payment options at South African online casinos. Naturally, each payment option has its own advantages and disadvantages. The ideal payment option for you will ultimately come down to what you’re looking for.
Are you seeking casino payment methods that offer fast withdrawals? Then you should use an e-wallet like Skrill or Neteller. If security is the most important factor, you should stick with a credit card for added protection. Perhaps you’re seeking more anonymity? Bitcoin casinos should be your first choice.
No matter which option you choose, we have handpicked the best online casinos for you to try out these methods. Our top-rated online casinos boast an array of banking options, a huge number of games and state-of-the-art software. You’ll also receive a jaw-dropping welcome bonus with fair terms.
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FAQs
Is it legal to gamble money at online casinos in South Africa?
Real money casino games are prohibited in South Africa. You have the 1996 National Gambling Act to thank for that. Despite this, there are plenty of online casinos based outside of the country that accept players from South Africa. We’ve found the safest and most trustworthy casino sites for you to play at, so you don’t need to worry.
Are these banking methods safe and secure?
They certainly are. We would never recommend casino payment methods that we didn’t trust with our own money. Each payment option has its own security protocols in place to protect your funds.
For example, credit cards are protected against fraud and theft. This means you can get in touch with your card issuer if you notice a payment that you haven’t authorised. Two-factor authentication is a popular security measure offered by e-wallets like Skrill and Neteller. This protects you against hackers.
Which is the fastest withdrawal option at online casinos?
It’s no coincidence that e-wallets are offered at online casinos offering the fastest withdrawals. E-wallets are hands down the fastest method of withdrawing funds from casino sites. You should receive your South African Rand within 24 hours of requesting a cashout via an e-wallet like Skrill or Neteller.
What documentation is required for making withdrawals at online casinos in South Africa?
It’s normal for online casinos to request documentation before processing your withdrawal. This one-time verification process is in place to confirm your identity and protect against fraud. You will need to take a picture of your driving license or passport, scan a utility bill, and provide proof of payment.
Are there any withdrawal or deposit limits?
There are limits for all online casino payment methods in South Africa. The minimum and maximum thresholds for each payment option can always be found in the cashier section. You’ll see each payment option listed, along with the least amount you can deposit. You’ll also see a weekly withdrawal limit.