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Peach Payments Review

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Katlego Modise
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Please note that Peach Payments is a payment gateway rather than a specific payment method. As such, this review may differ from our reviews of payment methods like Blu Voucher, OTT, and others.

Peach Payments was launched in 2012 after Andreas Demleitner met Rahul Jain a few years before. At the time, they were both immigrants facing unsure futures. However, they both saw something in each other and remained in contact. Two years later, they got together to revolutionise online payments in South Africa and the rest of the continent.

Peach Payments enjoyed accelerated growth and development after joining Google Umbono, an incubator that helps local tech startups with global potential create sustainable success.

Top Online Casinos Accepting Peach Payments

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What Is Peach Payments?

Peach payment depositsPeach Payments is a locally based online payment platform that allows users to pay for online purchases using several different methods, including:

  • Bank transfers
  • Credit cards
  • Debit cards
  • Electronic wallets
  • Mobile service provider billing
  • Mobile wallets

While Peach Payments do offer a range of different payment methods, local online casinos only offer options for credit card and instant EFT payments. They currently work with businesses in South Africa, Kenya and Mauritius, and have plans to expand their operations in other African countries in the near future.

Peach Payments accept over 190 different currencies, including:

  • South African Rand (ZAR)
  • United States Dollar (USD)
  • Canadian Dollar (CAD)
  • Euro (EUR)
  • Great Britain Pound (GBP)
  • And others 

How Does Peach Payments Work?

hollywood bets peach paymentPeach Payments is a payment platform rather than a payment solution. Players at a local online casino that uses Peach Payments can make a deposit as either a credit card payment or an instant EFT.

Let’s take a closer look, using Hollywood Bets as an example in our step-by-step guide.

How to Make a Credit Card Deposit with Peach Payments

  • Log in to your account
  • Click on DEPOSIT
  • Click on MAKE A DEPOSIT
  • Enter the amount you wish to deposit. You can either enter the amount you wish to deposit or click on one of the amounts listed
  • Enter the following information:
    • Type of credit card – Visa, Mastercard, or American Express
    • Card number
    • Expiry date
    • Name of cardholder
    • CVV number
    • Click SAVE DETAILS if you wish to save your details and speed things up the next time you want to make a deposit
  • Click on PAY NOW
  • Click to CONFIRM

How to Make an Instant EFT Deposit with Peach Payments

  • Log in to your account
  • Click on DEPOSIT
  • Click on MAKE A DEPOSIT
  • Enter the amount you wish to deposit. You can either enter the amount you wish to deposit or click on one of the amounts listed
  • Click SUBMIT
  • Now, select your bank from the list
  • Enter the OTP sent from your bank via SMS or email
  • Log in to your bank account via Peach Payments’ secure platform
  • Select the account you wish to use
  • Enter the OTP you receive

Is Peach Payments Safe for South Africans?

Peach Payments is one of the most secure online payment platforms around. Both Peach Payments and your favourite online casino have taken several steps to ensure the safety of both your personal and banking information.

When using Peach Payments, your info is protected with SSL encryption and 3D secure processing (with the use of OTPs). Peach Payments also has several security agreements with their partners and other 3rd-parties who specialise in digital financial security, like Payment Card Industry Data Security Standards (PCI-DSS) standards, Payment Association of South Africa, and others.

Peach Payments vs Other Online Casino Payment Methods

Here’s how Peach Payments stacks up against other online casino payment methods.

Payment MethodTransaction FeesPayment SpeedPayment SpeedCustomer SupportUsability
Peach Payments1.5% to 3.5%ImmediateExcellentEmail and phone lineGood
Maestro2%Up to 7 daysExcellent24-hour live chatGood
Visa2.65%Up to 5 business daysExcellent24-hour freephone customer supportGood
EasyEFT1%3 to 5 business daysGood24-hour customer supportGood
SID Instant NFT3-5%Up to 2 business daysGood24-hour live chatGood
1ForYou0%InstantExcellentToll-free helplin
Direct messages via social media

Our Rating for Peach Payments: 4/5

In short, Peach Payments is fast, convenient, and secure. They’ve gone out of their way to make the payment process as painless as possible. In fact, if you click on SAVE DETAILS while making a payment with them, all of your details will be saved and the next time you want to make a payment things will be even faster. This is perhaps the one area where Peach Payments really stands out next to other payment platforms.

However, online casinos that accept Peach only offer instant EFT and credit card payments. It’d be great if players could make debit card payments via Peach Payments since debit cards are far more common than credit cards. Debit cards also encourage responsible gambling since you can only gamble with the money you actually have, rather than go into debt like you would using a credit card.

Pros and Cons of Peach Payments

  • Check IconIt’s fast and convenient, especially with the option to save your details for the next time you want to make a deposit at your favourite South African online casino
  • Check IconIt’s very secure
  • Check IconYou’ve got the option of making payments via credit card or as an instant EFT
  • Check IconThe money you deposit is available immediately
  • Check IconThe fees are pretty low, with instant EFTs costing 1.5% per transaction and credit card transactions coming in at 3.5%
  • Close IconIt’d be great if they also offered debit card payments

Why Trust Our Peach Payments Review?

The team here at PlayCasino are all fans of online gambling and sports betting. It’s something many of us enjoy in our private lives. This means we know what to look for when writing a review. We wouldn’t recommend anything that we wouldn’t do or use ourselves. If something sucks, then we’ll tell you. We also have a strict rating process that we follow to ensure you get the best news and reviews.

Peach Payments FAQs

Question Icon

What payment methods are offered by Peach Payments?

Peach Payments offer a wide selection of payment methods to South African users, including:

  • Credit card (VISA, Mastercard, and American Express)
  • Recurring / Subscription Payments
  • Multi-currency
  • Instant EFT
  • EFT Secure
  • Scan To Pay (Masterpass)
  • Mobicred
  • Apple Pay
  • Zeropay
  • Payflex

While Peach Payments offer all of the payment options listed above, local online casinos that use their platform currently only offer instant EFT and credit card payments.

Question Icon

What is the difference between a payment platform and a payment method?

Peach Payments is a payment platform. This means that they facilitate a range of different payment methods that users can use to shop or gamble online.

A payment method is a way that you can pay for something you buy online or use it to make a deposit into your gaming wallet at your favourite online casino. Popular payments methods at South African Online casinos include:

Question Icon

Do Peach Payments have an app that I can download?

No, as a payment platform, it wouldn’t make sense for them to offer one. As a payment platform, they facilitate payments between the users and the online casino/store.

Question Icon

What are the benefits of using Peach Payments?

Peach Payments have gone to great lengths to ensure that both your personal and banking information is as secure as possible. They make use of SSL encryption, one-time pins, and have detailed and thorough agreements with several 3rd party online security specialists.

Their transaction fees are very competitive when compared to other payment methods. The fee for an instant EFT with Peach Payments is just 1.5% while credit card transactions are 3.5%.

Deposits made with Peach Payments at online casinos in South Africa, whether they be credit card payments or instant EFTs, are available immediately.

The option to save your details when making a payment with Peach Payments will make your next deposit even faster, simpler, and quicker.

Question Icon

How popular is Peach Payments?

As a payment platform, we probably don’t realise just how often we’re using one of their services or products. However, Peach Payments process R1 billion worth of payments for their merchants every month. They currently operate in South Africa, Mauritius, Kenya, and Kenya and have partnered with massive platforms like WooCommerce, Shopify, Wix, and Magento.

Question Icon

How do Peach Payments compare with other payment platforms like Payfast?

In terms of rates and transaction fees, Peach Payments is the more affordable of the two. However, Payfast does offer more payment options. In the end, we would say that Peach Payments seems to be the better option if they offer your preferred payment options due to their lower transaction fees.

Katlego Modise

Katlego ModiseVerified

Sportsbook Content Manager & iGaming Industry Reporter

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Katlego Modise is a South African sports enthusiast turned sports betting writer. With years of experience analyzing teams, studying trends, and placing strategic wagers on sports like soccer, cricket, and rugby, he's earned a trusted reputation in the industry. He’s no stranger to the world of online casinos either, adding roulette devotee and online poker aficionado to his repertoire. When not writing or betting, Katlego enjoys traveling and volunteering to mentor young athletes at a local sports academy.

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