BetterEFT in South African Casinos

Given the fact that South Africa is slowly but surely becoming one of the biggest iGaming trends, plenty of payment solutions have emerged to offer South African players a convenient banking experience, among which we found BetterEFT. Despite the fact that there’s no official website to explore more about it, we found enough leading South African online casinos that accept it and offer information on it. Basically, this is an electronic funds transfer solution, which functions just like other popular local solutions do, like BlitzEFT, Capitec Pay, or InstantEFT. It is effortless to use and allows for secure transactions in your native currency, the South African rand. So, if you want to know more about it, please continue reading. Why choose BetterEFT as your payment method across South African online casinos?

Online Gambling Regulation in South Africa

If you know anything about South African history, you know that the country used to be a British colony. 1961 was the year it became independent, and just a few years later, South Africa legalized land-based gambling as an independent country. It was in 1965 when the country legalized casino gambling, lottery, sports betting, poker, and bingo and allowed brick-and-mortar gambling establishments to cater to the locals. In 1996, the National Gambling Act further cemented its status and position as a leading industry in the country.

Just around the same time South Africa introduced the Act, online gambling started trending. Countries from all across the world started regulating it, and given its successful land-based gambling industry, South Africa was forced to consider whether regulating online gambling would do good. It wasn’t until 2008, though, when the country decided to legalize online sports betting and online lotteries, as these were the two most popular land-based gambling verticals among South Africans. Online casino gambling was not regulated, though.

What’s more, individual states were given the right to choose whether or not they wanted online gambling within their territories. While states like the Western Cape immediately embraced it, many states decided to ignore it and keep land-based gambling only. In the meantime, as so many different countries legalized online casino gambling, many operators started accepting players from all across the world. South Africans did not miss out on this opportunity and started joining offshore casino sites. The authorities noticed that, and started considering legalizing online casino gambling, given players’ interest in it. And while a bill was submitted in 2024, nothing has happened as of yet.

At the moment of writing, so many operators and software developers have strong presence in South Africa. Globally-known sports betting operators are already licensed, but so many online casino operators have also penetrated the market, given how there are no actual blacklists. Many software developers have launched their online casino games to the market through partnership deals with operators that are catering to South African players, therefore, you should not be surprised to learn that South Africa’s named rising power when it comes to iGaming.

As a South African, therefore, you have no real obstacles to joining any online casino you have access to. Maybe your country will even legalize online casino properly in the near future; but even if that’s not the case, just like millions of other South Africans, you can join offshore sites and still get all the perks any other player is getting. In fact, there are so many online casinos that cater exclusively to South Africans only, and give them so many perks and freebies to enjoy.

However, what's most important is that thanks to the popularity of online gambling in South Africa, so many local payment methods have been listed as accepted across top South African catering sites. Among them, we can mention the electronic funds transfer solution BetterEFT. Similar to other EFT solutions like BlitzEFT, Capitec Pay, and InstantEFT, it is not hard to learn how to use this solution. We've investigated more about it, so if you're up to it, let's explore it together. Rest assured that with it, you'll be able to make both deposits and withdrawals in your local currency, the South African rand, but see why else you should consider using it.

Using BetterEFT Across South African Online Casinos

You know that here at WoO, we are always curious about payment method options for different players, from different countries. That’s why we’re always exploring and finding more options for you to explore. Given the fact that online casino gambling is changing market dynamics in South Africa, we decided to research new methods that you can use as a South African player across international online casinos, and that’s how we got to BetterEFT.

Offered across a great number of South Africa-facing online casinos, BetterEFT is one of the safest and easiest-to-use methods for South African players, which can be used for both deposits and withdrawals. You can certainly make cross-border transactions with it, to and from any site, regardless of where it is based, and transact in your local currency. It functions through the South African banking system, just like products similar to it do, and is a service offered by major South African banks like Standard Bank and Capitec, for example. Registered account holders across these banks can try its service and see whether they like it, without going through any extra steps to get started with it.

So, as long as you have an active bank account with one of the eligible banks and your online banking profile is active, you can try it out right away. All you have to do is head over to your chosen online casino’s Banking page and select the solution from the Deposits section. Set the amount of money you wish to deposit and you’ll be instantly redirected to a page to select your banks from the listed ones. Next, use your credentials to enter your online banking profile and choose the account you wish to debit the funds from. Soon, you will get the OTP code sent to your smartphone, which you need to copy and paste into the designated field. Your transaction is immediately put into motion and the funds reach your casino balance almost instantly. Yes, it is as easy as that. There's basically no getting started procedure, and that's what makes this solution so popular with South African online casino players. 

Keep in mind, though, that you might need to have a bank statement for the account you used to make the deposit. This is not mandatory with most operators that offer it, but with some, it is. If your casino asks, make sure the colored photo of the bank statement meets these conditions: all four corners of the documents are visible, the statement is not older than 3 months, and your IBAN/account number, name, and bank details are visible. You can attach the photo in a PDF format or just use a screenshot, as it suits you, but make sure you quickly visit your bank to get the document before you attempt to make a deposit. Speaking of deposits, continue reading to find out the exact steps that you need to take to transact with the solution effortlessly across the many South African online casinos that offer it.

Depositing and Withdrawing with BetterEFT

Even though we already basically explained the steps you need to take, we haven’t guided you yet on the entire process from the minute you decide to use BetterEFT to making deposits/withdrawals with it. Don't worry, the process is not long and actually requires just a few minutes of your time. Step one is deciding on the online casino to join. This will be relatively easy, as a decent number of sites accept the solution, so you just have to check them out. Step two is registering an account with the casino you've chosen to join.

Just enter your name and email address on the registration form and accept the Terms and Conditions of the casino, if you agree with them. With that, your account is ready to be funded. Step three is, of course, depositing. So, to make a deposit with BetterEFT, do this:

1. Head over to the Payment Methods/Cashier page the minute you enter your registered player account.
2. Look for the Deposits section and select BetterEFT from the list of accepted methods.
3. Set the amount you wish to transfer and select your bank.
4. Enter your online banking profile as you normally do and then select the account you wish to use to complete the transfer.
5. After you receive the OTP, confirm it in the designated field.
6. Instantly, the funds you requested will arrive at your casino balance.

Even though most of the online casinos that offer it accept it for withdrawals, double-check whether it is an accepted withdrawal method at your online casino.

If yes, then to request a withdrawal, repeat step one, and in step two, look for the solution in the Withdrawals section. After you select the amount you wish to cash out and your bank, access your online banking profile again to confirm the request. In up to 48 hours you should receive your approval, but the funds will be transferred to your account in a week.

Conclusion

BetterEFT is one of the easiest-to-use EFT solutions for South African players, as it requires no extra registration, and is accepted across a decent number of online casinos. If you haven’t tried it yet, make sure you do so soon, as effortless and safe transactions in your local currency await you.