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Mobicred Casino Guide

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In 2013, Jason Sive and Andrew Goodrich founded Mobicred, an online credit platform that has since been integrated into thousands of online stores and casinos in South Africa. Mobicred lets you make one single monthly payment for all of your spending online instead of having to pay bill by bill over and over again. Plus, it offers a digital credit facility of as much as R50,000. 

Mobicred

If you want to use Mobicred to play for real money wins, here’s everything you need to know.  

What is Mobicred?

Mobicred is a handy, straightforward digital credit facility that lets you pay safely and quickly at online casinos. Your Mobicred account is a lot like a credit card, as it lets you make single monthly payments toward your balance. It also has a revolving credit limit, so you can spend whatever you repay each month, making setting money aside for online casino games more manageable. 

How Does Mobicred Work?

Here’s how this online credit system works:

  1. You apply for a credit facility with the company and wait for your Mobicred application to be approved.

  2. When you want to deposit money at a real money online casino, you choose Mobicred at the Banking/Deposit/Cashier/similar tab. 

  3. You then pay back Mobicred in monthly instalments, while the online casino receives full payment for the amount you deposited. 

To open a Mobicred account, you must meet the following criteria, so you must:

  • Be at least 18 years old

  • Earn a minimum monthly salary of R5,500

  • Have a RICA'd mobile number

  • Have a valid bank account

  • Have a valid South African ID number

You may also need to submit three months of recent payslips or bank statements. 

Mobicred charges a service fee that you’re liable for as long as your account is up and running. The amount and frequency of this fee are laid out in the pre-agreement between you two, but Mobicred may change these details after they’ve notified you.

Mobicred VS Other Online Casino Payment Methods

We compared Mobicred to other popular online banking methods in this country. They’re all very reliable, but debit cards and even your banking credit card are not as flexible as Mobicred. Your standard, bank-approved credit card is another option that lets you make speedy transactions between your bank account and your casino account, but banks don’t always allow for deposits at online casinos. 

Let’s check out some of the other South African online payment methods and see how they stack up.

Payment MethodTransaction FeesPayment SpeedSafety and SecurityCustomer SupportUsability
EasyEFT1%Between 3 and 5 business daysGoodThere is 24-hour customer support available Good
Maestro2%Up to 7 daysExcellentThere is 24-hour live chat available Good
Mobicred3.5%Between 24 and 48 hoursExcellentMobicred contact options include email, phone, and WhatsAppExcellent
Neteller2.5%Up to 3 daysExcellentNeteller contact options include Live chat, email, and telephoneExcellent
Visa2.6%Up to 5 daysExcellentThere is 24-hour freephone customer support available Good

Our Rating For Mobicred: 4.5/5

Mobicred really impressed the PlayCasino team. We personally used the system and found that it really is user-friendly and as convenient as the ads say. In terms of speed, it also beats out other popular payment methods. 

We had no problem choosing Mobicred at casinos offering this banking option, and the whole process is incredibly easy. We didn’t have any trouble opening a Mobicred account, and we were using it at South Africa’s best online casinos right away. 

Benefits and Drawbacks of Mobicred

Every banking method has its pros and cons, and these are Mobicreds:

Pros
  • Check IconYou can make just one payment every month for all the time you spend at South African-friendly online casinos.
  • Check IconThere’s no set time frame for repayments. It’s up to you how long you take to pay off your balance; all you need to do is meet your minimum payment requirements.
  • Check IconYour credit limit with Mobicred revolves, so you can spend as much as your limit allows and then repay it at a time convenient to you.
  • Check IconPayments into your casino account will reflect immediately.
Cons
  • Close IconMobicred charges pretty significant fees, and the interest on outstanding money is high.
  • Close IconYour instalments may be adjusted without notice.

Why You Should Trust Our Mobicred Review

We take our readers’ convenience and safety very seriously. We’ve been in this business for some time now and have the experience necessary for payment method reviews and much more. We thoroughly research and personally test each banking method we write reviews on so you know what to expect if you decide to use it. 

Each payment method we review gets measured against strict criteria and rigid testing processes. This guarantees that our reviews are easy to understand and that our decisions are unbiased and fair. We don’t sugarcoat anything; we'll let you know if something unpleasant comes up during the review process. 

How Do I Get Mobicred?

It’s a simple matter to apply online. You’ll need to complete the one-page Mobicred application form, and you’ll get an instant response after you submit it. 

How To Use Mobicred At Online Casinos

When you’re ready to use Mobicred at one of the South African casinos we’ve reviewed and ended up rating highly, just follow these simple steps:

  1. Register for an account by completing a Mobicred application form and waiting for approval.

  2. Log in to your online casino account and navigate to the Banking or similar section of the site. Choose Mobicred as your payment option.

  3. Sign in with your Mobicred details.

  4. Enter the one-time pin that will be sent to your smartphone

  5. Click on Confirm and Pay, and you’ll be all set!

Mobicred FAQs

How many months do you pay with Mobicred?

One year. The pre-agreement between you and Mobicred will detail how much credit you’re eligible for, what interest rate you qualify for, and how much interest and fees you’ll be paying over the next 12 months if you use all your available credit.

What is Mobicred’s maximum limit?

The Mobicred digital credit facility offers users up to R50,000 according to their eligibility.

How long does it take for Mobicred to be approved?

One business day. The first thing you’ll need to do is register on the website and complete a Mobicred application form. Once this has been approved, you can start using Mobicred at online casinos that support it. Your Mobicred application will not take more than one business day to process. 

How much interest does Mobicred charge?

The Mobicred interest rate is 22.25% a year, in accordance with the National Credit Act’s permissible interest rate.

How much credit does Mobicred offer?

You could get credit for anything from R4,800 to R50,000 using Mobicred.

How much do you need to earn to qualify for Mobicred?

You’ll need to earn at least R5,500 to qualify for Mobicred.

Melissa Kruger Author at PlayCasino
Melissa Kruger

E-Payments and Casino Payout Specialist

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Melissa Kruger is your go-to gal if you're trying to navigate the complex landscape of online casino payments and withdrawals. She's tried and tested all possible payment methods at South ...continue reading

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