What Is SiD Secure EFT?
Founded in 2007, SiD Secure EFT was launched to the South African market with the intent of solving a very real local market problem. You see, SiD’s founding company, Setcom (Pty) Ltd, which carries with them over 20 years of experience in the online payment industry, identified that evolving South African businesses and consumers alike are desperate for a safe and convenient way to receive and make EFT payments online. Couple this with one of the fastest-growing mobile markets in the world and the idea to launch a seamless, fast and secure new form of electronic funds transfer method was born.
When launched to the South African market, SiD was the first of its kind. With a clear understanding of the local market, together with its key advantages in speed and safety, SiD Secure EFT has since held its title as one of the leading EFT payment solutions for South African players.
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How Does SiD Secure EFT Work?
SiD Secure EFT is in its simplest form is a type of instant EFT (Electronic funds transfer) payment solution exclusively available to South African players. The secret to SiD Secure EFT lies in two parts:
- Backend Integration with South African leading banks
- Backend integration with some of the biggest online casinos catering to South African players.
When it comes to the working mechanics of any instant EFT payment method, the process suddenly becomes that much simpler. Because SiD Secure EFT for example is already integrated with your top South African banks, all a player needs is an existing South African bank account and their internet banking enabled in order for them to be able to make a deposit, absolutely no credit or debit cards are needed in the process.
When looking to make a deposit a player would simply utilize the very same login information they would when accessing their internet banking account, from there the system would enable them to easily select the account they wish to make the deposit from, no additional personal information is required making this method extremely safe.
Pro’s Of Using SiD Secure EFT
- Quick & Easy – Thanks to the seamless integration with your existing bank account, making use of SiD Secure EFT is extremely quick and easy
- Widely Available – SiD Secure is not only widely available amongst top online casinos catering to South African players, but also accepted by most of the top banks within South Africa.
- No transaction Fees – Using SiD Secure is completely free for players and shoppers, there are no hidden transaction fees
- No Credit or Debit Cards Required – One of the biggest benefits to players when using SiD is that it require no involvement of your credit or debit cards when making a transaction
- Secure & Safe – Through the bank integration SiD transactions follow the same strict banking safety and security measure, making this one of the safest payment methods online
- No Registration or Download needed – Players can make use of SiD without the need to pre register or sign up
- Instant Deposits – Deposits made using SiD are instantly reflected into the players account, no delays or proof of payments required
Cons Of Using SiD Secure EFT
- Only Available to South Africans – Unfortunately for those players outside of South Africa, SiD Secure EFT is not available
- Internet Banking required – Players who wish to make use of SiD Secure EFT do need to have their internet banking enabled, this is free however
Processing Time’s & Fee’s
- There are currently no fees by either your bank or the casino when making a deposit
- Processing times are instant for deposits
How To Make a Deposit using SiD Secure EFT?
Find out exactly how to make your first deposit using SiD Secure EFT by following the below simple steps:
Step 1:
The very first thing you are going to do is head to the casino you would like to make your first SiD EFT Deposit at. For this example, we are depositing at Springbok Casino.
From the homepage, you’ll either login to your player’s account, or alternatively, create your free account if you have not yet registered.
Step 2:
From the Springbok homepage, navigate to the menu on the left-hand side, where you will find the “cashier” button. Click on this to be directed to the available deposit payment methods for South African players.
Step 4:
On the cashier’s page, scroll through the various deposit methods until you see “SiD Secure EFT”. Go ahead and click on this to start your deposit process
Step 5:
From here the deposit process is rather quick. Once you’ve selected SiD Secure EFT as your deposit method, you will then be shown a screen with all of the available South African banks you can select from.
Choose the bank that you have an active bank account with. It’s also important to ensure that you have your internet banking enabled, and your login details available in order to proceed.
Step 6:
Once you have selected your bank, you will then be asked to enter your internet banking login details. As mentioned these are the same details that you would use if you were logging into your internet banking account
Step 7:
Once you have logged in you will see a summarised version of all your active banks accounts, you can then select the account that you would like to deposit from.
Step 8:
The last step of the process is a quick verification to confirm that you are the one making the deposit. Make sure to have your mobile phone nearby, as you will need it to approve the deposit.
Once you have verified the transaction you will be redirected back to the homepage of the casino, and the amount you have just deposited will be instantly credited to your account
