Casino Banking Methods

Online Casino Banking/Payment Methods Available to South African Players

One of the most important components behind any great online casino lies in its banking methods. By this, we don’t just mean a fair selection of convenient and relevant methods, but more importantly, methods that are safe and secure.

With the online casino landscape growing by the minute, increased competition for players’ attention has resulted favorably for players both locally and abroad. With online casinos looking to broaden their markets, fantastic new, easy-to-use, and fee-friendly payment methods are becoming more readily available for South African players.

What started as a small list of a handful of generic payment options for South African players, has now expanded into tons of locally known and used, safe, secure, and convenient options, all of which are now available to use in South African Rand (ZAR)

What Are Online Casino Banking/Payment Methods?

The casino banking methods, also referred to as payment methods, play an incredibly significant role in your overall online experience. A difficult or cumbersome payment method is enough to leave a bitter taste in the mouth of any player early on in your playing experience.

In its simplest form, the online banking or payment methods that an online casino provides form the key part of how you will deposit or withdraw real money funds both to and from your player account. Without these payment methods, you as a player would not have the means for which to actually play and to win online. The payment options available are unique to each casino and vary depending on the relationships that the casino has set up with various available payment solution companies.

There are essentially 2 scenarios in which the payment options will be relevant and needed.

Online Casino Deposit Methods

The first and most important is the actual deposit process. Every online casino requires you to make what is known as a “Deposit”. Making a real money deposit is essentially the process whereby you transfer funds from your own bank account or virtual wallet into your player’s account which lives on the casino site. The funds that are successfully credited to your player’s account will then allow you to play online for the chance to win real money winnings.

Online Casino Withdrawal Methods

The second important need for great online payment methods comes in when you are looking to withdraw any winnings from your player’s account. When it comes to withdrawal methods, you should be looking for those which are easy to use, safe, and available to use in your chosen currency.

What Makes A Great Online Casino Banking/Payment Method?

To be truly honest, no one banking method is better than the other, but rather, certain methods are better suited to your particular banking needs, be it the currency you would like to use, the platforms you are more comfortable transacting on, fees, or security processes.

When it comes to payment methods there are some key factors that do help set some of the better banking methods apart from the not-so-great ones. Below are some of the key things we feel are important when looking at any available banking method.

Is the payment method available in my country?

This seems like a pretty obvious question, right? well, the truth is that often casino sites will list all of their available banking methods on their homepage prior to you joining.

It is important to know that online casinos get thousands of players in monthly, and these players are coming from all parts of the world. It is often the case that an online casino will have a banking method listed, but only available to players in certain countries. For this reason, it is recommended that before you sign-up with an online casino you navigate to our detailed casino reviews where we outline all the banking methods available to your market

Is The Banking/Payment method familiar to me?

When looking at the available banking methods it is incredibly important to identify whether the methods available are ones you have either used or are at least familiar with. The reason that this is important is to ensure that you reduce any unfortunate mistakes when transacting online, this could include entering the wrong amounts, personal details, or account details.

This is particularly the case with more complex virtual payment methods such as Astropay, Skrill, and Neteller, which have become far more readily available for use in the last few years.

Is this method trusted and secure?

It is very important to ensure that the banking method you make use of is actually trusted and secure. Thankfully most, if not all of our listed online casinos that we have reviewed make use of only the best and most secure banking method for its players, the only time that you should really scrutinise the payment method is when you may be utilising this at a casino that has not been reviewed or listed by one of our team.

Did you know that in order for an online casino to be correctly affiliated and granted access to most online banking methods they are required to be licensed and registered with a known and trusted gambling authority. A lot of black listed casinos will list banking methods, only for them to be linked to phoney destinations aimed at stealing players of their money.

Is this Banking method convenient, fast, and easy to use?

Convenience, speed of the transaction, and of course how easy the method is incredibly important to any player’s online experience, so making sure that this is covered can be the difference between a player staying and leaving.

We live in a day and age of instant gratification, where things have become faster and easier to use, the same expectation is rife in the online casino space. Casino’s need to make sure that the banking methods they have available are as quick and easy to use, this applies regardless of the device the player may be using to play from.

The rise of mobile-first players has also put increasing pressure on payment methods to become easier to use, faster to process, and convenient for the screen size.

Does the Banking Method come with any fee’s?

The final factor that we feel plays a significant part in what actually makes a great banking method, is the potential transaction and admin fees that may come with its use. Hidden fees can leave a really poor experience for any player if not completely outlined from the beginning.

The types of transaction fees incurred vary by payment method, and often by casino to casino. Often is the case that one casino will charge a transaction fee for use of a payment option where another casino may not.

Fee’s can be inccured in two ways, fee’s charge as a percentage of the amount to the player, or alternatively, and is the case in most circumstances, the online casino will have a specific merchant fee which is paid to the payment solution for use of the payment option on the site.

The important thing is to make sure that you are aware of any hidden or known fees that you may need to pay when using the chosen banking method, again, you can find this information readily available in all of our casino reviews

Types Of Online Banking Methods

South African players will be pleased to know that there are now more online banking methods available for deposits and/or withdrawals than ever before.

Below are just some of the different types of banking methods players can now make use of:

Bank Supported Payment Methods:

The first type of banking methods are those that rely on the services and functions of financial services, these include local banks such as Standard Bank, Nedbank, ABSA, and FNB to name a few.

When it comes to these types of payment methods, most of the time it is reliant on a player having a registered South African bank account, as well as their internet banking enabled.

With this type of method, it is usually a seamless transfer of funds from the players’ bank account to the casinos’ bank account. Transactions are usually very easy to do and are often very quick and safe.

Methods that use the support of financial institutes include:

• Bank Wire Transfer
• Credit/Debit Cards
• SiD Secure EFT
• Instant EFT
• SwiffyEFT
• Dusupay
• AvoPay
• EasyEFT

Virtual Cards & e-Wallet Payment Methods:

The second payment type is a fairly new one to the world of not just online gaming, but online payments in general. This new form of digital payment option is known as virtual money cards or virtual wallets

With these virtual cards, players are able to load a specific amount of funds or purchase a set amount available on a prepaid card, which then, in turn, enables you to safely and securely transact online.

These virtual cards have become increasingly more popular due to their security features, as well as their ability to transact, trade, and purchase far more than just for the purposes of playing online. Things like iTunes vouchers, PlayStation gaming vouchers, and many more can now be purchased using these virtual cards.

Some of the know virtual payment methods for online casino players include:

• Skrill
• AstroPay
• Neteller
• Paypal

Crypto Friendly Payment Methods:

One of the most exciting modern-day payment solution developments has to be the rise of cryptocurrencies. Not only has crypto presented amazing new online features and capabilities, but its ability to seamlessly integrate with modern-day life has completely has changed the way we transact now and into the near future.

It is only more recently that cryptocurrency has started to make its way into the world of online casinos, with casino operators identifying the huge benefits that this brings to both players and operators alike.

With cryptocurrency still being in its infancy phase within the world of online casinos, only a handful of crypto-centric types can be found, however, what you will be pleased to know is that those which are available can be used by South African players.

Some of the cryptocurrencies methods now accepted include:

• Bitcoin
• Ethereum
• Litecoin
• Bitcoin Cash
• Dogecoin