Banking is a core part of playing at South African casinos with real money bets, and knowing your options is vital for having a comfortable experience on these platforms. The team of Which Casino has prepared this ultimate guide to banking methods and transaction terms, so stay tuned to learn all about deposits and withdrawals at SA casinos.
Casino Payment Methods at Online Casinos in South Africa
With the constantly growing popularity of online gambling in South Africa, it is not surprising that many international operators have also started accepting payments in rands and supporting transactions via local banking methods. In this section, we will discuss all the popular options for topping up your casino balance and redeeming your winnings.
Visa and MasterCard
Credit and debit cards are the most popular option in the world for online purchases, and gambling platforms are not an exception in these regards. The vast majority of SA online casinos accept Visa, MasterCard, and other popular providers for deposits and withdrawals, allowing you to perform transactions just as easily as with any other online stores.
It is worth mentioning that debit cards are usually available both for deposits and withdrawals, while credit cards can only be used for topping up your balance.
EFT
EFT, which stands for Electronic Bank Transfer, is a popular option for online payments in South Africa, and it is also widely accepted by gambling sites in the region. You can easily find online casinos that accept Easy EFT and other similar systems for deposits and withdrawals, although we recommend verifying your specific method is accepted before registering.
E-wallets
E-wallets might not be the preferred option of most South African casino players, but they are still accepted by most international gambling platforms accepting users from this region. There are many PayPal casinos and sites that accept other e-wallets like Neteller or Skrill that you can choose from.
This banking option is great if you’re already using an e-wallet for other online transactions, but it is definitely more beneficial to use your card or EFT, as all e-wallets have internal banking fees and might come with smaller maximum limits for operations.
Bank Transfers
Wire transfers are a withdrawal-exclusive banking method supported by many SA online casinos. The obvious drawback here is that you cannot use these transfers for deposits, but many players consider it to be the most reliable and safe payout option.
Moreover, by playing at bank transfer casinos and using this method for withdrawals, you will avoid paying additional third-party fees that are often imposed by e-wallets and other alternative systems.
Cryptocurrencies
Cryptocurrencies have become a global standard for international payments a while ago, and SA online casinos are slowly catching up with the trend. Most of them only accept Bitcoin for now, but it is reasonable to expect the operators to add other popular coins to the assortment in the future.
Payments via BTC and other cryptocurrencies are safe and secure, and they also come with the benefit of instant withdrawals and higher banking limits. As for the downsides, you will need to cover the gas fees associated with each transaction.
How to Make a Deposit at SA Online Casinos?
Making deposits at South African online casinos is usually fairly intuitive, but we would still like to guide you through the process to make sure it goes smoothly the first time you decide to top up your balance.
Step 1: Choose and Check
Select one of the trusted gambling sites suggested by Which Casinos and verify that it accepts your preferred banking method. We will use Yeti Casino for this example, but the steps are the same on all SA gambling sites.
Step 2: Register and Log In
Click on the Register button and follow the instructions to create an account at the casino you have selected. Depending on the site you choose, it might also be necessary to verify your email address and phone number.
Step 3: Launch the Cashier
Log in to the freshly created profile and click on the Deposit button in the top-right corner of the interface to launch the cashier tool.
Step 4: Configure the Transaction
Choose a payment option, configure the transaction according to your needs and the site’s requirements, and finish it by following the instructions
Step 5: Start Playing
Once the funds have reached your account balance, you can switch to the lobby and start playing any games you prefer.
How to Withdraw Your Winnings from South African Online Casinos?
Redeeming your winnings from South African online casinos is just as easy as making the deposits. Let us also present you with step-by-step instructions to help you make the first withdrawal without any issues.
Step 1: Log In
Log in to your SA casino account that you wish to redeem the funds from. We will, once again, use Yeti Casino as an example for this guide, but you can apply the same exact steps on other platforms as well.
Step 2: Launch the Cashier
Depending on the casino, you will need to either launch the cashier and switch to the Withdrawal tab there or click on the dedicated Withdraw button if the site has one.
Step 3: Configure the Transaction
Select one of the available withdrawal methods and configure the transaction by entering the required account details as well as the amount of funds you wish to redeem. Make sure this amount is somewhere in between the site’s minimum withdrawal requirement and maximum payout limit.
Step 4: Submit the Request
Submit the payout request by clicking the Withdraw button. Depending on the casino and the selected banking method, the processing period for your transaction might be anywhere from a couple of seconds to several business days.
Banking Terms to Keep in Mind When Playing at SA Online Casinos
On top of the list of accepted payment methods, there are several types of banking terms that you should be aware of when joining a gambling site. They are different at every South African online casino, so let us highlight the most important parameters to make it easier for you to check them.
Minimum Deposit and Withdrawal Requirements
All online casinos in South Africa specify minimum sums for deposits and withdrawals, and they may vary dramatically among different sites or even different banking options on the same platform.
Of course, this parameter should be considered individually, as you only need to make sure these minimum requirements are affordable with your own budget. We at Which Casino simply highlight these terms for every website we review.
Maximum Withdrawal Limit
It is also very common for iGaming operators to impose maximum limits on payouts, but as a regular player, you have nothing to worry about – the cap is usually more than R100,000 per month. This parameter is only important for high rollers, as they are the only group of users who might actually reach and potentially exceed such a limit.
Processing Time
International online casinos are slowly starting to provide their players with instant withdrawals, but it is still quite a rare phenomenon for gambling sites in South Africa. Most operators process payouts manually, resulting in delays that may range from a couple of hours to several business days. If you value banking flexibility, make sure to check this time frame before joining a casino.
Transaction Fees
Last but not least, some operators might impose processing fees for different types of transactions or specific payment options. Such charges are quite rare, and they are only commonly applied to withdrawals via wire transfers, while deposits and payouts via other methods are usually processed for free.
Banking FAQ for SA Online Casinos
What is the minimum deposit at SA online casinos?
The minimum deposit requirement is different for every SA online casino. In fact, the same operator might have different requirements for various payment methods as well, but they tend to range between R10 and R100 in the vast majority of cases.
What is the minimum withdrawal at SA online casinos?
The situation with minimum deposit requirements is the same at South African online casinos. Payouts usually start from R100, but they might be either higher or lower, depending on the casino and payment method you choose.
How long does it take to withdraw money from South African casinos?
Withdrawals at SA online casinos are usually processed within 24 hours, although it may be slower or faster with different operators and banking options.
How much are the fees for transactions at online casinos in South Africa?
Most transactions at online casinos in South Africa are processed for free. The only exception relates to withdrawals via direct bank transfers, which may either come with fixed charges or percentage-based fees.
Where can I find SA online casinos that accept my payment method?
You can find SA gambling sites that accept your preferred banking method at Which Casinos, as we list all platforms compatible with popular payment options in the corresponding section of our website.
