Instant EFT
Instant EFT is a broad term for services that allow immediate bank transfers without manual proof of payment. It connects to your online banking to confirm the payment instantly.
Popular instant EFT providers in South Africa include Ozow, SiD Secure EFT, Peach Payments EFT Secure, Walletdoc and others.
When you choose instant EFT at a bookmaker, you’ll typically select your bank from a list, log in with online banking credentials and approve the payment – the funds then reflect in your betting account immediately.
This method works with all major banks such as ABSA, FNB, Standard Bank, Nedbank, Capitec and TymeBank among others, making it widely available.
Instant EFT Pros & Cons
Fast and convenient with deposits confirmed immediately
There is no need to send proof of payment
Seen as one of the most secure depositing methods
Generally no fees for instant EFT deposits
Minimum deposits can be as low as R10
You need to know our internet banking details and have signed up to internet banking
Withdrawals are not available via instant EFT
Processing Times
The whole process usually takes a minute or two to log in and approve meaning they are immediate. The betting account is credited right away in real time, meaning you can get straight down to betting.
For withdrawals, some bookies now offer instant pay to a bank where funds clear within an hour via RTC. However, bank withdrawals generally take 1-2 days to clear.
Common Limits
Minimum deposits are as low as R5 on many platforms, which is very low. The maximum can be very high, often up to R1,000,000. This covers the needs of both casual and VIP bettors.
There are also no transaction fees from bookmakers, but we do recommend that you check if your bank charges for instant payments.
