Rand online betting deposit options
Online sports betting in South Africa is legal and there are numerous ways that you can fund your account. Our guide to Rand online betting deposit options will teach you everything you need to know about funding your bookmaker account. This includes the most popular ZAR payment types such as credit, debit, web wallets and payment processors. Many Rand online betting deposit options will also mean you are eligible to claim some great free bet and bonus offers from leading brands.
Payment options at ZAR betting sites
As with many places in the world, the ZAR betting industry has spawned its own payment options, which suit local customers. Bookmaker payment options that cater specifically to the Rand currency include:
MORE: Visa betting sites
The undisputed king of online betting deposits is Visa, with this card used more at bookies than any other across the globe. In South Africa, more than 50% of the population have a Visa card and all legal bookmakers accept this option. Visa is instant to fund your account and has flexible deposit limits, meaning you can deposit as little as ZAR50 at some betting sites, while others will let you deposit up to a million Rand.
MORE: Mastercard betting sites
Probably the second-most popular payment option at South African online bookmakers is Mastercard, with both debit and credit available. Mastercard betting sites allow you to fund your account instantly, which is important for most punters. Mastercard, much like Visa betting, has low fees and a strong reputation for player recourse if anything goes wrong.
SID Secure EFT
More: SID Instant EFT
SID Secure EFT payments at sports betting sites allow you to log in to your online bank account and facilitate a transfer between yourself and the bookmaker. SID EFT bookie payments are instant, meaning you won’t have to wait to access your funds, which is always convenient when betting online.
MORE: Ozow betting sites
Ozow is a popular web wallet that allows you to fund your online bookmaker account instantly. Ozow is essentially a payment transfer system that allows you to move money between participating South African banks. You will need to hold an Ozow account to use this payment method at betting sites.
Masterpass is like a web wallet service and is backed by payment giant Mastercard. Many SA betting sites accept Masterpass, which essentially streamlines the payment process at betting sites. This means not only do you have extra protection on every purchase, you also gain access to exclusive promotions and have quicker turnaround times on deposits. Masterpass also allows you to link any credit or debit card, meaning it is not just restricted to Mastercards payments.
More: Peach Payments betting sites
Peach Payments has really helped improve the overall payment options available at South African betting sites. Peach Payments is essentially a payment gateway that accepts all the major deposit options, such as Paypal, Visa, Mastercard, American Express, Diners Club, EFT Secure and Mobicred. What Peach Payments options are available at each SA bookmaker could vary.
MORE: OTT Voucher betting sites
OTT Vouchers are available to buy from more than 80,000 retailers across South Africa, making them one of the most convenient payment options at SA bookmakers. OTT essentially allows you to exchange cash for a voucher, with a pin on it, that you can then redeem at participating online bookmakers. Most of the top betting sites in South Africa accept OTT Vouchers.
More: Best 1ForYou betting sites
1ForYou is a South African-only payment system that converts cash into a digital format so that you can spend it online. The top South African betting sites often accept 1ForYou payments, with these including brands such as Betway, HollywoodBets and Bet SA. 1ForYou vouchers can be purchased online or via many retail outlets across South Africa. These are a great bookmaker payment option for those who don’t have a bank card, or a form of digital banking.
More: Best Zapper betting sites
Zapper is an online payment option at South African betting sites that uses a QR code system. Basically you need to download the Zapper app, scan a code given to you by a Zapper bookmaker and transfer money between a linked card and your betting account. Zapper is a popular deposit option at South African betting sites, with it having reasonable fees and high levels of safety.
Betting sites accepting Rand deposits
South Africa has a regulated sports betting industry, which basically means all betting sites will accept Rand payments. This means you will not have to pay any conversion fees when funding your online betting accounts. The best Rand betting sites will have numerous deposit options available that will suit those in South Africa.
Most Rand betting sites allow you to fund your account instantly, which is standard right across the industry, with most options also available on devices with all screen sizes. This means you can make payments to bookies via mobile, as well as laptop, computer and even via telephone.
Betting with offshore betting sites is illegal in South Africa, although it is quite common, with many UK betting sites and Malta bookmakers accepting punters from this country. The World Gambling List South Africa strongly recommends wagering with licensed and regulated brands.
TABLE COMING SOON
Making withdrawals at SA betting sites
Cashing out or making withdrawals from online bookmakers is a straight-forward process in 2023, with many convenient withdrawal options available. These include many of the same methods that you can use to fund your online betting account.
The most common methods that South Africans use to make withdrawals at betting sites are bank transfers, cheque and web wallets. These methods have varying withdrawal times, but are generally regarded as the quicker and safer methods.
It is true that ZAR bookmaker withdrawals can be capped, but this is done by each individual bookmaker and is not too draconian in contrast to other betting jurisdictions. For instance, one of the leading betting brands lets you withdraw up to R1,000,000 weekly, which is plenty for most of us.
SA online betting deposits Q and A
The betting industry can be confusing, particularly if you are a newcomer and particularly if it comes to making payments. In this section we’ll answer the questions that our readers have put to us about bookmaker payments at South African wagering companies. Email us at email@example.com or drop us a message in the box below to have your bookie payment query answered.
Many of the top betting sites in South Africa have a sign-up bonus available, which often takes the form of a deposit bonus. This means you might deposit R1000 and have an extra R1000 or R2000 in bonus bets. An example of a bookmaker deposit bonus might be a 100% matched deposit bonus up to the value of R1000.
This depends on the bookie withdrawal method that you use at the betting site, with it generally being anywhere from instant to a five-day wait to receive your winnings.
Sometimes when depositing real money at online bookmakers you will be given a free bet. This essentially means you receive money to wager just for depositing. For instance any deposit over R10 might gift you a 200% deposit bonus, up to the value of a certain amount.