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Most Popular Online Casino Payment Methods Compared – Which Is Best?

Kelvin Jones
Kelvin JonesSenior Online Casino Expert
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Ilse Lotz
Ilse LotzHead of Editorial
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Getting money in and out of a casino should be simple. But speed, fees, and flexibility can vary a lot depending on the method you choose. We’ve rounded up the most popular South African payment options in 2025 so you can pick the one that’s best for you.

Payment MethodSpeed (Deposit / Withdraw)FeesBest For
Digital wallets (PayPal, Skrill, Neteller)Instant / 0–24 hrsSmall fees on some transactionsFast payouts, flexible use
Bank cards (Visa, Mastercard)Instant / 2–5 daysPossible bank/card feesWidely accepted & easy to use
EFT & Wire Transfer (EFT)1–3 days / 3–7 daysHigher for internationalSecure, ideal for large transfers
Prepaid cards & vouchers (Paysafecard, OTT)Instant / N/ANo fees to depositPrivacy & spending control
Cryptocurrency (Bitcoin, Ethereum)Instant / 0–1 hrLow network feesSpeed, security, privacy
Mobile payments (Apple Pay, Google Pay)Instant / LimitedUsually freeConvenience on mobile devices

Digital Wallets – Fast and Flexible

Digital wallets like PayPal, Skrill, and Neteller remain some of the most popular ways to fund casino accounts. Their biggest strength is speed: deposits hit instantly, and withdrawals usually arrive within 24 hours. Many casinos also run promotions that specifically reward e-wallet users.

The downside is that some wallets charge small transaction fees, and certain bonuses might be excluded if you deposit with them. Still, for players who value fast access to winnings, digital wallets are hard to beat.

Bank Cards – Simple and Widely Accepted

Visa and Mastercard continue to dominate as casino payment staples. They’re accepted almost everywhere, and deposits are seamless. Players like the familiarity and the ability to set spending limits with their banks.

Withdrawals, however, can be slower, sometimes up to five working days. Fees may also apply depending on the card issuer. If convenience at the point of deposit is your priority, though, cards remain a go-to choice for casual and regular players alike.

EFT and Wire Transfers – Safe but Slower

For those who prefer a direct link to their bank, EFTs (Electronic Funds Transfers) and traditional wire transfers are still popular. They’re often chosen by high-rollers moving large sums since transfers are secure and well-tracked.

The trade-off is speed: EFTs usually take 1–3 business days, while wires may take even longer. Transaction costs can also be higher, especially for international payments. These methods are best for players who care more about security than instant access.

Prepaid Cards and Vouchers – Control and Privacy

Options like Paysafecard and OTT vouchers give players a way to fund accounts without linking their bank or card details. You buy the voucher with cash or online, then use the code to deposit.

They are popular with players who want to set strict limits on spending or avoid sharing financial details. The catch? They are one-way only; you can’t withdraw back onto a voucher. That means you’ll need to pair them with another method for cashing out.

Cryptocurrency – Modern Payments, Maximum Privacy

Bitcoin, Ethereum, and other digital currencies are gaining traction in online gambling. Transactions are near-instant, fees are low, and anonymity is appealing for players who want extra privacy. Some crypto-friendly casinos even offer higher bonuses if you deposit with digital coins.

The main risks are volatility and regulation. Values can swing wildly, and not every jurisdiction has fully embraced crypto casinos. Still, for players looking to be ahead of the curve, crypto represents speed, security, and potentially better rewards.

Mobile Payments – Convenience on the Go

Services like Apple Pay and Google Pay are becoming more common, especially as mobile casinos boom. They offer frictionless deposits through a fingerprint or face ID, making them perfect for players who do most of their spinning on smartphones.

Withdrawals aren’t always supported, but as mobile payments spread, expect them to become a bigger part of the casino payments landscape.

17+ Years Experience

Kelvin Jones is a seasoned professional in South Africa's online casino scene, boasting over a decade of expertise. He's your ultimate guide in selecting the finest online casinos, providing insights into local sites that offer both excitement and security. Kelvin's comprehensive reviews and strategies stem from a deep understanding of the industry's dynamics, ensuring players have access to top-notch gaming experiences.

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