Most Used Payment Methods for Online Betting

The South African online casino gaming industry is the most profitable as well as the biggest market of this kind in Africa after Nigeria and Kenya. In the country, online casino gaming and betting activities are legal when enjoyed at a renowned, reputable, and licensed South African online casino.

The main iGaming regulatory body in South Africa is the National Gambling Board that is responsible for regulating and overseeing all sorts of iGaming activities.

Considering South Africa is one of the fastest-growing iGaming markets in the world, South African players have hundreds of excellent online casinos and sports betting sites at their disposal. Nonetheless, before you start betting, check out the best betting picks and tips at BettingBilly for South Africa to boost your winning odds.

All of the most renowned South African online casinos and sports betting sites feature rich gaming libraries, great bonuses and promotions, and of course, a great variety of deposit and withdrawal options. Further, we discuss the most used payment methods for online betting in South Africa including:

  • Neteller
  • SID Instant EFT
  • Skrill
  • Visa and MasterCard
  • EcoPayz
  • PaySafe Card

Neteller

Owned by PaySafe Group, Neteller is one of the most widely used e-wallet services among online casino gamers including South African players. Since being launched in 1999, Neteller’s loyal customer base has grown massively to include millions of active users who transfer money across the world using this e-wallet. When it comes to Neteller and the South African online casino gaming industry, it is used for both depositing and withdrawing funds.

SID Instant EFT

When discussing the most used payment methods for online betting in South Africa, we have to mention SID Instant EFT that is commonly dubbed as one of the fastest, safest payment methods used globally for sending funds, online shopping, and more. SID Instant EFT stands for Electronic Fund Transfer and it has been one of the most trusted instant payment methods in South Africa since its launch in 2007.

Skrill

Alongside Neteller, Skrill is one of the most used e-wallet services that offers a great range of money transfer and online payment services- Launched in 2001, the service is owned and operated by PaySafe Group just like Neteller. Today, Skrill is operational in over one hundred countries including South Africa. South African online gamers use Skrill to deposit money to their online gaming accounts, as well as to withdraw their winnings, pay for online goods, and more. The operator offers exclusive perks for players in various parts of Africa, made to ease their transactions even more.

Visa and MasterCard

Nowadays, it is hard to come across an online casino or an online sports betting site that does not accept Visa and MasterCard. This is also the case with renowned South African iGaming sites. Visa and MasterCard credit and debit cards remain one of the safest deposit and withdrawal options to use as both are run by renowned companies that have been active in the industry for many decades. Visa Inc. was founded in 1958 while Mastercard Incorporated was founded in 1966 under the name of Interbank Card Association.

ecoPayz

Another very popular payment option for online betting in South Africa is EcoPayz. It was launched in 2000 in England which makes it one of the longest-running services of this kind. The company which owns the brand specializes in prepaid cards, digital wallets, and virtual prepaid cards. As one of the safest payment options, ecoPayz is widely accepted at iGaming sites including those operational in South Africa. With ecoPayz, users can deposit money at their online accounts with an e-wallet as well as withdraw their winnings using ecoCard.

PaySafe Card

Another easy to use, safe, and reliable payment option for South African bettors and casino gamers is PaySafe Card. It is owned and operated by PaySafe Group. PaySafe Card was launched in 2000 and it is one of the most used prepaid online payment options that relies on vouchers. With PaySafe Card, customers pay for online goods as well as make deposits at their online casinos without providing their bank account info or any other financial info.

Source: techmoran.com

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