Shopping around for the ideal method with which to transfer funds into your online casino account and withdraw your winnings? We have some excellent suggestions for you to consider.
Choosing the right online casino to play at is like going shopping for shoes. You have an idea in your head about what you want, but you need to try on a few until you find the exact fit.
What entails the right fit for you? You may love everything about the online casino, including games and promotions, but there’s something that many players sometimes overlook: The payment methods supported by the site.
If the online casino doesn’t support the best banking methods for you, then we call it a bad purchase.
It doesn’t make sense to use banking methods that are expensive for you to use from your part of the world, or that simply aren’t secure. You may find that the payment methods supported at the site don’t allow you to withdraw your winnings conveniently or discreetly.
Whether depositing or withdrawing your funds when playing at a reputable online casino, it’s always good to know the best channels to choose.
We take a look at some of the best payment methods preferred by local online casino players and discuss why they’re worth investigating.
Credit Cards
It’s obvious why credit cards are among the most popular payment methods at South African online casinos. Competing credit card companies, Visa and Mastercard are widely supported and make the transfer of funds super easy.
There are very few internet users who have never used their credit cards to pay for goods or services online. Players choose credit card payments because they’re familiar with the system. Paying for your online casino entertainment with one of these methods means using a simple, convenient banking option with zero fees, fantastic security measures and instant transfer.
What more would do you need from a payment method?
EasyEFT
This relatively new payment method has taken the South African online casino industry by storm and has quickly become one of the most popular methods to deposit funds.
EasyEFT’s method is simple: Deposit ZAR into your real money account at the online casino, without the need to pay expensive forex conversion fees from other currencies.
Since this method is exclusive to South Africans, it goes without saying that it understands the needs of local players and keeps abreast with any changes in the SA gambling landscape.
Other advantages of EasyEFT include instant processing and no fees.
Wire Transfer
If you’re not in a hurry and want to make sure that the method you use is 100% watertight, then choose wire transfer. It could take anything from a few hours to a couple of business days for the transfer to clear.
You can transfer funds into your account and withdraw your winnings with the same method, which is an added advantage.
To use Wire Transfer, you’ll need to provide essential information such as your username and bank account number.
A word of warning: Paying with Wire Transfer comes with certain fees, and it’s wise to check the amount before you choose this method.
e-Wallets
Several popular methods fall under the category of e-wallets, which are essentially digital wallets where you can store your money online and use it to pay for your online gambling entertainment and other things online.
Skrill and Neteller are possibly the more common payment methods for South African players.
Skrill was formerly MoneyBookers and has been around for many years. Advantages include instant deposits and lightning-fast withdrawals (usually under 24 hours). While there are fees involved for your transactions, they are lower than the competition.
Neteller is equally popular, with an even longer history than Skrill. Transactions are instant and there are several deposit methods to choose from. You’ll pay a bit than Skrill on transaction fees, but you know that the security measures are second to none.
Another option is ecoPayz, which delivers South African players with an ecoCard which they can use to deposit ZAR at online casinos. Low transaction fees and ease of use are among the benefits of an ecoPAYZ account.
Cryptocurrency
The biggest advantage of using cryptocurrencies such as Bitcoin is the fact that your transactions remain completely anonymous.
The privacy perks are supplemented by top-notch security advantages since all transactions are verified and encrypted. They are also processed instantly and incur no processing fees.
In recent years, South African casinos have also started accepting other cryptocurrencies such as Ethereum and Litecoin.
