SID Instant eft betting sites 2023
The best SID Instant EFT betting sites are licensed by a South African gambling regulator and allow you to fund your account instantly. SID betting sites let you log into your online banking and transfer funds instantly between your bank and the bookmaker. Secure Instant EFT has a strong reputation in South Africa, with the one caveat on using this service being that you must have a bank account with an approved partner and have online banking set up. The best SID Instant EFT betting sites for 2023 are:
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Best SID Instant EFT bookmakers
SiD Instant EFT is one of the most popular ways South Africans pay for things with Rand in 2021, with it a simple an instant way to transfer money between two parties. To use SiD betting sites you need to hold a local bank account and have digital banking set up.
The best SID Instant EFT betting sites must be licensed by a provincial gambling regulator in South Africa, which means that no overseas-based bookmakers, unless they have a local branch, will accept this bookie payment option.
The top SID betting sites allow you to wager on everything from sports and racing events, right through to politics, entertainment and anything else you can dream up. You will also be able to wager across multiple devices, meaning you can bet on mobile (check out the top betting apps), desktop computer or even via telephone.
SID Instant EFT betting sites also generally have free bet offers or bonus bet deals available, which are not voided by using this payment method. Just be sure to read the terms and conditions of any freebet offers for South Africans before claiming them.
The best SID Instant EFT betting sites we have reviewed include:
Step-by-step: Rand Instant EFT Payments to betting sites
The best SID Instant EFT betting sites allow you to fund your account instantly, with the entire process of signing up and making a deposit over in a matter of minutes. In this section of our SID Instant EFT betting guide we break down the process into several easy steps.
Only some banks in South Africa allow you to use SID Instant EFT as an online betting payment option, with it necessary that you hold an account with the bank and have online baking set up.
Most regulated betting sites in South Africa accept SID Instant EFT payments, including many of the brands we promote on the World Gambling List SA. Check out the SID betting sites we promote on this page via the table above.
The sign up process at sports betting sites is over in a matter of minutes, with it simply a matter of filling in a digital form with personal details like your name, address, username and email address. You will have to prove this information by either being electronically verified or emailing in personal documentation.
To make your first SID Instant EFT payment to a betting company, visit the cashier or banking section of the bookmaker. Enter in how much you wish to deposit and log into your online banking via the bookmaker. Approve the cash transfer and your bookie account should be recharged instantly.
Now your payment to the bookmaker should be approved, although if you have any trouble reach out to customer service, with all the Instant EFT sportsbooks we promote to South Africans having strong customer service departments.
Secure Instant EFT betting withdrawals
Another benefit of using this bookmaker payment method is that you can also use it for withdrawals at betting sites. While it is not an instant way of cashing out at bookmakers, Secure EFT will generally have your Rand returned to you within 48 hours (in our experiences).
SID Instant EFT fees when betting online
SID Instant EFT does not have any transaction fees when customers use it, with their profit model taking a small slug from merchants who choose to offer it at their cashier.
For instance if you are depositing R1000 to an online betting site, SID Instant EFT will charge the operator a flat 2% fee, which would equate to R20.
It is possible that the Secure EFT bookmaker will pass the cost of the transaction onto the punter, so be sure to understand the fees associated with withdrawing money from your chosen bookmaker. These fees can vary depending on the withdrawal method.
Secure EFT bookmaker payments verdict
Many of the top online betting sites in South Africa accept SID Instant EFT, with this payment method one of the most convenient and in-turn popular ways to fund accounts. The best Secure EFT betting sites include brands like Betway and Sportingbet, although most of the 30+ legal bookmakers will have this instant payment option. SID Instant EFT betting sites, while not as popular as Visa betting sites or Mastercard betting sites, are among the most frequented in South Africa. Overall the World Gambling List deems Secure EFT betting sites to be a safe and reliable way to fund accounts instantly.