Deposit and Withdrawals from Casino

There are many options for online gamblers when it comes to banking methods. When choosing an online banking method there are a few things to take into consideration. These include cost of using the particular method, reliability of the method including whether the banking method is provided by a reputable institution, and how easy the method is to use.

Online casinos use special encryption methods so that none of your credit card information can be stolen or tampered with. Most casinos accept credit cards and they are a very efficient form of depositing and withdrawal to and from a casino account. Other options that are of interest include E-Wallets and other prepaid cards. These cards obviously need to be funded using another payment form, such as a credit or debit card. For those without a credit card, wire transfers are a good option.Sufficient funds must be in your bank account to use this option but the great thing is that anyone with a South African cheque account can use it.

Check out our list of the most popular and secure online casino payment methods available to South African players below. We also include a list of reputable South African online casinos that support each banking methods

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Popular Deposit Methods For European Casino Players

If you have a credit card which can be used at an online casino, this is a great option. You are able to deposit even before you receive your credit card statement, allowing deposits at any time of the month. If you are particular about making sure you have money to spend before spending it, Skrill and other E-Wallets are an excellent option. Designate how much you wish to deposit and then go for it! Make sure to check out which deposit methods attract a deposit bonus on your favourite casino site. There are some amazing offers around. You may be able to withdraw money from your casino account using the same method as you use for your deposits. While you may use your credit card or E-wallet to withdraw money from your account, there is generally a delay in the funds coming from the casino. This may be a 24 hour wait or even three working days.

WITHDRAWAL METHODS AT ONLINE CASINOS

When it comes to withdrawal methods, you can use all the standard options you use for making your deposits. Among the most popular payment solutions in South Africa are debit and credit cards and you may use them for all kinds of transactions. In order to withdraw money from your account you need to register you debit or credit card at the casino you have chosen. Another convenient method for withdrawals are e-wallet services like Neteller or Skrill, serving as a link between you bank and casino accounts thus easing transactions. Money you have earned at online casinos can also be cashes out via prepaid cards and bank deposits like wire and instant transfers as well as checks. Click here for our list of Banking methods

Sometimes casinos impose certain restrictions depending on the method you choose such as withdrawal limits. Before you register and start wagering you have to check out all the aspects of withdrawals such as fees and timeframes which will be described in the next chapters but you can also find them in the banking sections of casinos described in detail. No matter which of the listed methods you choose you should know that the withdrawal option does not affect payout percentages, but if you learn that a certain casino has higher payout percentages and provides faster payouts, it is surely worth your money and your time.

STANDARD CASHOUT TIME FRAMES

Depending on the banking option, cashouts may take from 24 hours up to three or four weeks. Having checked all the options you should know that e-wallet services typically take one to two days thus being the most convenient withdrawal method providing you with secure and fast processing of transactions. Withdrawals via credit and debit cards usually take from 2 up to 5 working days while various types of bank deposits like bank transfers or checks may take up to 28 days.

Besides these periods reserved for transactions, the funds you want to clear may be subject to pending period taking up to 72 hours before the withdrawal request is being processed. This happens due to the verification of a player’s identity. The casino will commonly request your documentation such as a valid photographic identification, a credit card and some kind of the proof of the residential address. This is a necessary step prior to withdrawals as the casino needs to ensure that money would not go to a wrong person as there is no physical contact between players and casino staff at all.