BETTING SOUTH AFRICA Trusted betting payment methods in South Africa 3 years ago Peris Wambu Post Views: 1,028 South Africa is one of the leading countries in Africa with the highest number of bettors. South Africans are sports enthusiasts with their favorite being football, rugby, and horse racing leading to the establishment of several sportsbooks in South Africa. Local and international sportsbooks are working hard, so each of their clients can have the best user experience both online and offline. One of the ways is to establish trusted betting payment methods. There are quite a lot of online betting sites in South Africa and betting payment methods vary with each sportsbook. Some offer limited methods while others have a wide range of payment methods. But how can a South African bettor know a legitimate bookie? 1. Safety and security Safety and security in a betting site are vital to a South African bettor. It ensures you are transacting with a legitimate sportsbook regulated by the National Gambling Board. It ensures that winners are awarded their payouts without fail and in proper time. 2. Catering to the needs of South Africa bettors Although many international sportsbooks support British Pounds, Bitcoins, and US Dollars, they should support transactions in South Africa Rands. Transactions should be done in the English Language due to the diversity of the 11 national languages. 3. Accepting major credit cards Online betting sites should accept all major credit cards, they should allow South African Bettors to transact through Visa Card and MasterCard. They should not have limited transaction methods. Depositing and Withdrawal methods available for South Africans Credit cards South Africa bettors who have access to credit cards can easily transact between the bank and betting account. Visa and MasterCard are accepted anywhere in the world. They are both accepted by SouthAfrica sportsbooks. Pros • Visa and MasterCards are accepted widely. • There are no charges in deposits. • They are fast • High-level of safety Cons • They have interest charges. Online Methods i-Pay is a popular online payment platform available for South Africans. It is mostly used by sellers and buyers when transacting for services or products offered. I-Pay is a preferred method by both the South African bettor and the bookie because of its reliability. It enables a user to transact via QR Code, Email, Push Payments, and SMS. Pros • There are no charges in Deposit. • Payments are secure. Cons • It is slow. Deposits take 1-3 days to appear. Bank transfers Any South African Bettor can transact through any bank of his choice as long as he has an account with them. Nedbank, FirstRand, Standard Bank, Capitec, ABSA Bank Limited, Finbond, and First National Bank (FNB) are of the trusted banks in South Africa. Any bettor can deposit in his betting account through any of these banks. Electronic fund transfers(EFT) or wire transfers are supported by bank transfers. OZOW is one of the EFT methods that a South Africa Punter can use. It is one of the best EFT payment services accepted by South Africans. A South African can link OZOW to several banking accounts. SID is another EFT loved by South Africans. It allows payments to be quick and instant. SID EFT can be linked directly to a bank account. One advantage of using SID is the user will not require a card to transact. Plus, deposits are free. Pros • Bank transfers offer safe transactions. • One can transact a lot of money. Cons • Processing time takes 1 to 3 business days. • Deposit amounts are limited—R50- R1 000 000. E-wallets E-wallets are accepted majorly by foreign-based bookies. E-wallets as a deposit and withdrawal method notably known for adaptability and quick transactions. E-wallets allow customers to transact either through traditional currencies or cryptocurrencies. A good example of E-wallets is Skrill and Neteller. Pros • Fast and instant. • It accepts both cryptocurrencies and traditional currencies. • Highly versatile. Cons • They have a service charge. Online betting sites in South Africa offer a variety of payment methods. You have to ensure your preferred site should offer a convenient and reliable deposit and withdrawal method before signing up. A trusted betting payment method allows you to transact without any worry of breach of account information. About Post Author Peris Wambu “Hey, Peris here! I am enthusiastic about sports and gaming in general and a massive Liverpool fan. Every piece of writing you receive is brought to you by the power of countless cups of coffee!” See author's posts Peris Wambu“Hey, Peris here! I am enthusiastic about sports and gaming in general and a massive Liverpool fan. Every piece of writing you receive is brought to you by the power of countless cups of coffee!” Facebook Twitter LinkedIn Email Print Tags: bookies, payment methods, South Africa Continue Reading Previous Celebrating 1 year of NOVOMATIC Linked success at Carnival CityNext BetGames.TV partners with Peermont brand PalaceBet.co.za More Stories ONLINE SOUTH AFRICA SOFTSWISS Unveils South African iGaming Market Overview 3 hours ago Szarlot ONLINE SOUTH AFRICA SA Gaming Offers Premium Live Games 3 hours ago Iwo Bulski BETTING KENYA University student hangs self after losing KSh15,000 school fees to betting 3 hours ago Samuel BETTING KENYA Bangbet Charges Ahead with Renewed Sponsorship for Josiah Kariuki 3 hours ago Samuel BETTING SOUTH AFRICA Nolimit City Celebrates South Africa Debut 1 day ago Samuel ONLINE SOUTH AFRICA Top Betting Sites in South Africa Featuring the Aviator Crash Game 1 day ago Szarlot BETTING GR8 Tech enters long-term partnership with Mojabet 1 day ago Szarlot EXPERTS SOUTH AFRICA The BiG Africa Summit 2024: Day Two Recap 2 days ago Iwo Bulski ONLINE SOUTH AFRICA Nolimit City launches in South Africa 2 days ago Samuel BETTING KENYA Odibets unveils Sh5m sponsorship for Kenya Women 3X3 basketball team 3 days ago Szarlot HOT NEWS ONLINE SOUTH AFRICA South Africa’s online casino industry in 2024 4 days ago Samuel ONLINE SOUTH AFRICA Analysis Of Land-Casinos and Online Casinos in South Africa 4 days ago Szarlot Leave a Reply Cancel replyYour email address will not be published. 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