There are many options for South African online gamblers when it comes to banking methods. When choosing an online banking method there are a few things to take into consideration. These include the cost of using the particular method, reliability of the method including whether the banking method is provided by a reputable institution, and how easy the method is to use.
Online casinos use special encryption methods so that none of your credit card information can be stolen or tampered with. Most casinos accept credit cards and they are a very efficient form of depositing and withdrawal to and from a casino account.
Other options that are of interest include E-Wallets and other prepaid cards. These cards obviously need to be funded using another payment form, such as a credit or debit card. For those without a credit card, wire transfers are a good option. Sufficient funds must be in your bank account to use this option but the great thing is that anyone with a South African cheque account can use it.
Check out our list of the most popular and secure online casino payment methods available to South African players below. We also include a list of reputable South African online casinos that support each banking methods
Best Casino Banking Methods in South Africa
Popular Deposit Methods for South African Casino Players
If you have a credit card which can be used at an online casino, this is a great option. You are able to deposit even before you receive your credit card statement, allowing deposits at any time of the month. If you are particular about making sure you have money to spend before spending it, Skrill and other E-Wallets are an excellent option. Designate how much you wish to deposit and then go for it! Make sure to check out which deposit methods attract a deposit bonus on your favourite casino site. There are some amazing offers around.
Many South Africans love Silversands Casino, with one reason being that you can use South African bank transfers to deposit. This is like using real money, which appears in your casino account immediately.
Popular Withdrawal Methods for South African Casino Players
You may be able to withdraw money from your casino account using the same method as you use for your deposits. While you may use your credit card or E-wallet to withdraw money from your account, there is generally a delay in the funds coming from the casino. This may be a 24 hour wait or even three working days.
Frequently Asked Questions
The answer to this question depends on the casino you play at. In most cases withdrawals are processed via the same method you have used to fund your account, but since there are banking solutions you can use for payments only, online gaming operators may allow you to fund your casino account through one option and withdraw via another.
Before they request a withdrawal, players are obliged to provide a proof of identity along with their address, copy of credit card and other appropriate documentation. The documentation may include the copy of their ID card, passport or driver’s licence which will include the name and surname matching those under which a player registered with the casino.
While deposits are in most cases processed instantly, withdrawals typically take longer. Timeframes depend on the policy of the online casino you play at and on the banking method you opt for. At certain gaming venues withdrawals may be subject to pending status before they are processed. Read our guides to each banking method to learn who long it takes to process withdrawals.
South African online casinos support a variety of banking methods and you should choose one which suits you best. Not all banking methods are equally convenient and some of them may come with higher processing and maintenance fees. What you should check out before you opt for a banking method is if it allows both depositing and withdrawing and how long processing timeframes are. You should choose a banking option that allows you to make your transactions in ZAR to avoid exchange fees.
All banking methods supported by South African casinos are safe and gaming establishments employ the latest encryption technologies, so you don’t have to worry about the safety of your personal or financial data.