Why Use a ZAR Wallet?
So why should you look for a casino that uses ZAR wallets? The main reasons include convenience, exchange issues, and faster processing:
Convenience – Firstly, it is highly convenient to use your national currency. It means no exchanges or conversions, and a much simpler process. You can simply place ZAR in your wallet and use it freely to deposit and play at the online casino.
No exchange issues – Secondly, there is no potential to lose money via exchange rates and international conversions. For example, let’s say you are using a casino that only accepts USD. You make a payment using ZAR, and the casino automatically converts this into USD.
The exchange rates they use are often not the best available – they may even charge a commission or exchange fee too. This means that you are not getting 100% value and 100% of the ZAR you initially deposited.
Faster payments – Finally, using ZAR wallets allows for a faster process. It is a simple process of depositing ZAR at the online casino and using it to play. The deposit and withdrawal process could be much slower if your funds have to be converted into international currencies.
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Promotions at ZAR Casinos
Online casinos that accept ZAR usually have a good choice of promotions. When looking at bonuses, always check the terms and conditions. If a casino accepts ZAR payments, it should allow the use of ZAR to claim promotions too. The following are some of the bonuses you can expect at casinos with ZAR wallets:
Welcome Bonuses
This is the most common type of promotion. Welcome bonuses are offered to new registered customers. Usually, this may be one or more matched deposit bonus. Also, welcome bonuses sometimes include free spins too.
An example welcome bonus could be – A 100% 1st Deposit matched bonus up to R1000 + 20 free spins on Bonanza. These promotions are often tied to your first deposit and can only be claimed once per unique account. Always check the T&C’s to find wagering requirements and time constraints on welcome bonuses.
Free Spins
Next to welcome bonuses, free spins are also popular at ZAR casinos. Free spins are usually offered for popular video slot games like Starburst, Book of Dead, and Gonzo’s Quest. You may receive free spins as part of a welcome offer. Alternatively, you could receive free spins based on a minimum deposit.
For example, an offer could be 50 free spins for a minimum deposit of R500. Oftentimes, free spin winnings have wagering requirements. Also, ZAR casinos usually set the bet value of each free spin. Some platforms may even limit the maximum winnings you can earn from free spins.
Recurring Weekly/Monthly Promotions
Aside from welcome offers, ZAR casinos often provide recurring offers for existing customers too. These could be weekly or monthly, and some you can even claim several times per day.
Common recurring offers are matched deposit bonuses, free spins, and reload bonuses. For example, there could be a Winning Wednesday promotion where customers can claim a 50% matched deposit bonus up to R1000 each Wednesday.
Reload bonuses are offered to help customers build their account funds back up. These offers are usually matched deposit bonuses but can only be claimed if your account balance is 0.
Loyalty Reward Schemes
Some ZAR casinos also have loyalty schemes. These reward SA players for spending cash and allow you to earn points that you can exchange for prizes or real money.
Usually, you earn a set number of points for a specific cash amount. For example, you could earn 1 loyalty point for each R100 spent. The points can usually be exchanged for real cash, or some platforms have a loyalty reward store that you can buy free spins and other items from.
Specific Payment Bonuses
Finally, you can sometimes find payment bonuses. These are essentially matched deposit bonuses, but for specific deposit methods. ZAR casinos provide these offers to prompt customers to use different deposit methods.
For example, there could be a 150% matched deposit bonus up to R1000 for customers that deposit using Skrill.
Popular South African Deposit Methods
When choosing a casino that accepts ZAR, it is important to look at the different payment methods available. The following are some of the common payment methods South African customers can utilize:
EasyEFT
EasyEFT is an electronic funds transfer service that allows for quick payments without the need for registration. It facilitates transactions via other payment methods and is the most used payment service in South Africa after credit cards.
SID Instant EFT
SiD is a popular payment provider for South African customers. It is available on multiple devices including smartphones, and you can make SiD payments directly from your bank account too. It is renowned for having excellent security, and many ZAR casinos use this payment method.
Skrill
Skrill or Moneybookers is another hugely popular e-wallet. It offers fast payments and withdrawals and is supported by thousands of vendors worldwide. It is also one of the most popular online casino payment methods. It has small fees for deposits and withdrawals – a bank transfer, for example, incurs a 1% deposit fee.
Neteller
Neteller is one of the most popular e-wallets available. It supports a huge range of deposit methods and you can easily credit your Neteller account. Most ZAR casinos support Neteller, and this is usually a fast withdrawal method. There are deposit and withdrawal fees for using Neteller however i.e. when you credit or withdraw from your e-wallet.
MuchBetter
MuchBetter is a relatively new smart payment app. It is becoming popular in South African and more ZAR casinos are accepting this payment method. Its main benefit is that it can offer instant withdrawal processing times. It is also convenient to use as you can access your account from your smartphone.
EcoPayz
EcoPayz is a popular e-wallet like Skrill and Neteller. It offers secure and instant transactions and partners with MasterCard. The security is excellent, and it is also easy to top-up your EcoPayz account. Like other e-wallets, EcoPayz usually offers faster withdrawal times.
Credit Card
Credit card payments are widely available – virtually all ZAR casinos accept credit card payments. The most common credit card is MasterCard. Credit cards offer decent withdrawal times, but oftentimes you have to fill out a credit card authorization form to complete the withdrawal process.
FAQ
Q – Do ZAR casinos charge deposit fees?
A – Usually no. It is uncommon for any casino to charge for making a deposit.
Q – How do withdrawal fees work for casinos with ZAR wallets?
A – There are two types of withdrawal fee – the casino processing fee, and the payment method transaction fee. Casinos may charge a processing fee which is usually listed as a percentage of the withdrawal i.e. 2%. Transaction fees are standard fees that banks and e-wallets charge when using their service.
Q – Which is the quickest ZAR payment method to use?
A – This depends on the ZAR casino. For deposits, virtually all ZAR casinos offer instant deposits. For withdrawals, e-wallets are usually the quickest with bank transfer being one of the slowest methods.
Q – Do I have to provide identification when making a ZAR withdrawal?
A – In most instances yes. Usually, a casino will ask you to provide identification for your first withdrawal. This is a safeguarding measure to prevent fraud. It is common for casinos to ask for – a valid photo ID, a recent bank statement, and some form of utility bill showing your address.
Q – What happens if my ZAR deposit is declined?
A – First, check that you have funds in your chosen account and that you have entered the details correctly. If you have, contact the payment method provider. If they confirm everything is OK, contact the casino customer support team.
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