In 2014, EFT Corporation launched EFTpay, a proudly South African payment method. EFTpay is designed for anyone who doesn't have a credit card or doesn't wish to use one online. The instant EFT banking system allows users to quickly and safely transfer money simply by entering their banking details. EFTpay was also created to ensure that eCommerce sites and South Africa’s online casinos could easily integrate a payment method that caters to South Africans. Plus, it’s a cost-effective solution for online payments in general!
Top EFTpay Casinos South Africa
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How Does EFTpay Work?
EFTpay works much the same way as when you pay for a product or service using your online bank account or app. The EFTpay system integrates with the casino’s banking system, so when you select this option for payment, you’re directed to your bank.
The transaction takes place directly from your bank account using EFTpay to facilitate the process. EFTpay acts as a third party to create a handshake between the casino and your bank account. It provides a secure channel to safely and quickly deposit from all major banks.
Thanks to its secure platform, EFTpay keeps your sensitive personal and financial information private. The system has also partnered with some of the biggest banks in the country, including:
- African Bank
- Standard Bank
- Tyme Bank
This adds an extra layer of security for every transaction.
How to Make a Deposit With EFTpay
The good news is that EFTpay is available at almost all online casinos that welcome South African players. What’s more, international sites are also adding it to their list of accepted casino payment methods to entice South African players.
To make a deposit with EFTpay, follow these steps:
- Sign up with a real-money casino that accepts EFTpay as a deposit option.
- Navigate to the casino’s Banking or Cashier page.
- Select the deposit option and click on EFTpay.
- A list of South African banks will appear. Click the one that you wish to transact from.
- A new screen will open, and you’ll be asked to enter your online banking login details, not your casino account login.
- Select the account you want to deposit from - e.g. savings or cheque account and enter the amount.
- An OTP or verification notification will be sent to your phone.
- When you verify the transaction, the deposit is complete.
As soon as your transaction is verified, the money will reflect in your online casino account. You can start playing for real money right away. And, because your bank notifies you of the transaction and requires you to verify it, no one can make a deposit using EFTpay without your authorisation.
Pros of EFTpay
✅ It’s Affordable
You won’t incur any costs using this payment method at one of our recommended online casinos. Your bank may charge you for a standard EFT, but these costs are far lower than any other banking mechanism.
✅ It’s Convenient and Safe
You don’t need to register or sign up to use EFTpay. Unlike other payment methods, you don’t need to open an account with EFTpay either. This means you can use the system as soon as you sign up with a casino, with no delays.
✅ You Don’t Need a Credit Card
All you need to use EFTpay is an active SA bank account. No credit cards are required, and you only need a positive balance in order to transact.
Cons of EFTpay
✖️You Need a South African Bank Account
You must have a South African bank account that’s registered for online use because you’ll need to log in using the EFTpay system. This isn't too much of a drawback since all banks offer this service, and you can choose to access your account via an online web browser or your banking app.
✖️You Cannot Withdraw Using EFTpay
EFTpay can only be used to make a deposit at an online casino. However, most online casinos offer a bank transfer withdrawal option where your funds are paid directly to your bank account via EFT, so this shouldn't cause any problems.
Does EFTpay offer customer support?
Yes. The customer care team can be reached by email at info@EFTpay.co.za, and an on-site contact form is provided.
Will I be able to explore its official website in different official South African languages?
Unfortunately not. English is the only language supported.
Can I reverse a transaction I made via EFTpay?
Because it works in collaboration with your bank, you should be able to reverse a transaction you make with EFTpay. This is, however, a matter that only your bank can confirm, so be sure and contact them to find out if this is, in fact, possible.
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