Online Casino Pay-outs – What You need to know to avoid frustration and disappointment
There are two ways to avoid frustration and disappointment when it comes to online casino pay-outs and both are easy to follow:
The first is to only sign up with licensed, reputable, tried and trusted South African online casinos. Although this may sound simple, to the untrained eye it can be difficult to identify ‘rogue’ casinos because they look legitimate, but are in fact dishonest.
To ensure you never encounter a rogue casino, just pick and choose from any of the premier ZAR casinos listed on this site, as each and every one of them has been thoroughly vetted, tried and tested by our review team, and deemed 100% safe and secure.
The second way is to always, repeat always, read the terms and conditions of every Rand online casino you’re interested in before you sign up. The reason is the T&Cs contain all the important information (rules and regulations) about a casino and its processes.
For instance, they list the casino’s age and player requirements (legal gambling age and permitted / restricted countries), bonus information (wagering requirements), deposit information and crucially, the withdrawal (pay-out) requirements and more.
The pay-out requirements are especially important, however, as the whole point of playing at the best South African casinos online is to win lots of money and cash it out. Remember, if you don‘t follow a casino’s T&Cs to the tee, you may not be able to cash-out.
With that in mind, here are a few juicy online casino pay-out tidbits for you to absorb:
Costs Associated with Pay-Outs
When it comes to the costs associated with your online casino pay-outs or withdrawals, this depends entirely on the withdrawal methods you select.
The following is a breakdown of the most common casino cash-out options and their respective fees available to South African players:
- Visa & MasterCard – These are two of the most common online casino payment methods because most online gamblers own one or more credit cards, and they are so quick, convenient and easy to use. No fees are incurred from the casino if you make online casino withdrawals using a MasterCard or Visa debit or credit card (other than the regular monthly fees you’ll charged by your card’s issuing bank).
- EasyEFT – As one of the newest online payment methods on the ‘online gambling block,’ what’s great about this safe and robust electronic funds transfer method is that it was reportedly launched by a group of South Africans for South Africans. No fees are applicable when you use EasyEFT as an online casino pay-out method.
- SID Instant EFT – This is another highly popular banking options amongst South Africans because it’s simple, reliable and easy to use and can be accessed by players using desktop computers and/or smart mobile devices. At just 1.5%, SID boasts one of the lowest Instant EFT transaction fees in South African casino websites.
- Neteller – Used by tens of thousands of people daily in more than 200 countries, this is one of the world’s premier electronic wallets (e-wallets), and one used extremely often as an online casino payment method in South Africa. The good news is that if you use Neteller as your chosen pay-out method, you won’t be charged any fees.
- Skrill – A leading e-wallet, this payment method is another favourite amongst online casino fans in South Africa on account of it being so reliable and simple to use, as well as safe and secure, and trusted by over 35 million users worldwide. If you use Skrill as a method of withdrawal, you won’t have to pay any fees.
- EcoPayz – Formerly branded as EcoCard, EcoPayz is an e-wallet that has grown in popularity within the global online gambling industry in recent years, including at many of South Africa’s premier online casino and mobile sites. If you decide to make a casino withdrawal using EcoPayz, you won’t have to pay any fees.
- Bitcoin – One of latest additions to the online casino payment arena, world-leading cryptocurrency Bitcoin is growing in popularity as an anonymous, safe and cost-effective payment method for online casino fans in South Africa and abroad. If you make a pay-out to your Bitcoin wallet, you won’t have any fees to pay.