SID Instant EFT is an excellent choice for South Africans wanting to deposit and withdraw funds at online casinos. This electronic funds transfer (EFT) was designed especially for those who need to transfer funds within the South African market. This method of transferring funds was designed for use by those who do not have credit cards, although it can be used both by users who have or do not have credit cards. Players are able to transfer funds directs from an online banking profile without the use of a credit card. The transaction takes place by transferring money from the player's bank account, using existing online banking services, to the player's online casino account.
The following South African online casinos support SID Instant EFT payments.
|Punt Casino||R200 Free
|White Lotus||R300 Free
|Silver Sands||R200 Free
|ZAR, £, €||VISIT CASINO|
|Jackpot Cash|| R200 Free
|Apollo Slots||R300 Free
|ZAR ONLY||VISIT CASINO|
|Casino.com||R4,000 Free||ZAR, £, €, AU$||VISIT CASINO|
There are a number of participating South African banks, such as Nedbank, Standard Bank, First National Bank (FNB), and ABSA, that will facilitate the online payments. Each time a player wishes to transfer funds using the SID Instant EFT method, the bank will give their customer a PIN code that is to be used only for that single transaction. This keeps transactions safe and secure.
The electronic funds transfer system (EFT) that SID offers is contingent on users having an open bank account. Users do not need to open a special SID account since the funds are coming from their bank accounts. Players can only use SID if they have available funds in their bank account.
When making payments, players simply have to select their bank, fill in the required information on the SID website, and enter the special one-off code received from the bank. Users will see a reference number once the transaction is complete.
All a player's personal financial and banking details are kept confidential, and are not shared with the online casino that is receiving the funds. Using SID not only protects a player's banking information, but also comes with protection against unauthorised payments up to an amount of R5,000.
SID can be used as frequently or infrequently as players like. Those who use credit cards to make deposits and are concerned that they may be overspending can switch to using SID at any time, and can go back to using their credit cards for deposits when they wish to. Since there is no need to sign up with an amount to do SID transactions, it is easy to mix and match payment methods.
SID deposits are instant, which means that players can play real money games immediately after the deposit has taken place. Players simply need to choose the SID Instant EFT option on the online casino website. From there, players will be taken to a screen where they will need to fill in some online banking details. When making withdrawals, it can take two days for the funds to be transferred to a player's bank account. The amount of time it takes depends on the Terms and Conditions of the online casino.