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BOOKMAKER OF THE MONTH

Best EFT betting sites

Tailored to the South African bettor, EFT payments are the second most popular option behind credit cards. Accepted by practically every merchant across the country, it allows payments without a credit card only using a bank account.

Fast payments, reliability, and no fees are the main features that made it a trusted payment option for South Africa players. Together with all the essential aspects of EFT, you are about to find out:

  An up-to-date (2020) list of EFT bookmakers that offer a Welcome Bonus.
  A detailed description of using EFT and depositing to your preferred bookmaker.
  All the benefits and shortfalls of EFT betting sites

Best EFT Bookmakers 

At the moment, we do not recommend EFT bookmakers due to limited acceptance to reliable and tested betting sites. However, we have picked the top-rated bookmakers for South Africa, making betting a seamless experience. They fulfill all of our requirements regarding quick withdrawals, welcome offers and low fees. 

1xBet
8.3/10
8.3/10

Players Rating: (14 Rates) 6.3

Megapari
7.4/10
7.4/10

Players Rating: (2 Rates) 7.5

Mr Play Sports
7.6/10
7.6/10

Players Rating: (4 Rates) 9.0

1xBet
8.3/10
8.3/10

Players Rating: (14 Rates) 6.3

Megapari
7.4/10
7.4/10

Players Rating: (2 Rates) 7.5

Mr Play Sports
7.6/10
7.6/10

Players Rating: (4 Rates) 9.0

Ηow to bet with EFT 

bet with EFTThere is no need to sign up for any third party service. Just visit your favorite bookmaker and bet with EFT. The only precondition is that you own a bank account, no credit card either.

  1. Click on Deposit
  2. Select EFT
  3. Choose your bank and enter your account number
  4. Verify the transaction

Simple as that. Your betting account is fueled and ready for your wagers.

Regarding withdrawals, the option you have is to cash out your winnings to your bank account. You will choose Withdrawal, then Bank account and complete your account number and name. The winnings should reflect in 1-3 days.

Benefits of Betting with EFT 

Swift payments: Deposits are credited instantly, and withdrawals take between 1-3 days at most.

No fees by the service: EFT never charges you with any payment fees. That can only happen by your bank.

No registration needed: You don't have to sign up to any external website to use EFT. Only the process of depositing to your bookmaker is enough.

Reliable and secure: Since you deposit using your bank account, your bank's security measures apply here as well.

Designed for the South African market: The option is available only to South Africa and has tailored its services to ZAR.

No credit card required: A bank account number is enough for betting with EFT. No credit card hassle needed.

Drawbacks of Betting with EFT 

Limited acceptance by bookmakers: Since it’s only available for South African bettors, many bookmakers that don’t have a local license do not offer it as a payment option.

Transaction fees by the bank: Although EFT has no fees, your bank might charge you for your bookmaker's transactions.

Betting activity is tracked: As EFT makes payments using your bank account number, it is effortless for tax or other authorities to monitor your wagers and the associated financial actions.

Available only in ZAR: You must have a ZAR bank account, as it is the only functional currency for EFT.

Alternative methods to EFT 

Alternative methods to EFT While it is a prevalent banking option in South Africa, some bettors might want to choose a different method. That stems mainly from the fact that many bookmakers do not include EFT as a banking method. Therefore your best alternatives are:

Credit card: As the most popular option for betting, credit cards are available to every bookmaker, and they offer reliability and quick payments.

Wallets: Skrill and Neteller are the main options since almost all betting sites accept them, and they offer confidentiality and fast withdrawals.

Can I bet with EFT on my phone

Can I bet with EFT on my phoneEFT only acts as an intermediary between your bank account and the bookmaker. Betting with EFT on your phone is straightforward. No need for an app download or anything additional.Only visit your favorite bookmaker’s mobile app or site and follow the standard steps for deposit as described above.

Verdict on EFT betting sites by Book Spy 

With an extensive breakthrough in the South African market, EFT is cost-effective to operators and easy to use. Bonus eligibility is another welcome trait, as well.

Nevertheless, the positives stop here as there are no more than a handful of reliable EFT bookmakers. That speaks volumes to the high stakes bettor, as reliability is the most critical factor when you deposit your funds. Furthermore, your betting activity is tracked as EFT uses your bank account for payments and can be requested by your local authorities.

As a result, I can not recommend EFT betting sites for their lack of credibility and confidentiality. I instead suggest using a wallet such as Skrill or Neteller to the bookmakers you will find in the article.

Complete list of bookmakers for South African players 

Since EFT's acceptance is still minimal, we will provide you with a list of our best bookmakers for South Africa. They allow you to enjoy bonuses, quick payouts and reliability in your betting endeavors.

Bookmakers Why to Bet Why to Bet Bookmakers Rating    
1xBet
  • 1.000 live matches daily
  • Asian Handicap
  • 50+ sports
  • 1. 1.000 live matches daily
  • 2. Asian Handicap
  • 3. 50+ sports
1xBet
Review Bet Now
Megapari
  • More than 45 sports
  • 1.000+ live events daily
  • 300+ extra bets at the top events
  • 1. More than 45 sports
  • 2. 1.000+ live events daily
  • 3. 300+ extra bets at the top events
Megapari
Review Bet Now
Mr Play Sports
  • 10.000 pre-match events per month
  • 35+ sports
  • 140+ extra bets
  • 1. 10.000 pre-match events per month
  • 2. 35+ sports
  • 3. 140+ extra bets
Mr Play Sports
Review Bet Now
Stake.com
  • 95% overall live betting payout
  • 500,000 prematch events/year
  • 100+ extra bets on top footy events
  • 1. 95% overall live betting payout
  • 2. 500,000 prematch events/year
  • 3. 100+ extra bets on top footy events
Stake.com
Review Bet Now
BetJOE
  • 97%+ on MLB
  • 25+ sports
  • 80+ extra bets at soccer
  • 1. 97%+ on MLB
  • 2. 25+ sports
  • 3. 80+ extra bets at soccer
BetJOE
Review Bet Now
Unibet
  • 250.000+ pre-match events/year
  • 10.000+ live events monthly
  • 96%+ on Asian Handicaps
  • 1. 250.000+ pre-match events/year
  • 2. 10.000+ live events monthly
  • 3. 96%+ on Asian Handicaps
Unibet
Review Bet Now
Cbet
  • Great offers
  • Cashout
  • Multi-View
  • 1. Great offers
  • 2. Cashout
  • 3. Multi-View
Cbet
Review Bet Now
Betiton
  • 94%+ payout on tennis
  • 180+ alternative bets on top leagues
  • Lots of alternative HC’s on basketball
  • 1. 94%+ payout on tennis
  • 2. 180+ alternative bets on top leagues
  • 3. Lots of alternative HC’s on basketball
Betiton
Review Bet Now
Yonibet
  • 97%+ on tennis & basketball
  • 30,000 prematch events
  • Cashout
  • 1. 97%+ on tennis & basketball
  • 2. 30,000 prematch events
  • 3. Cashout
Yonibet
Review Bet Now
Spreadex
  • Credit line available
  • 30+ sports
  • Bet Builder
  • 1. Credit line available
  • 2. 30+ sports
  • 3. Bet Builder
Spreadex
Review Bet Now
Bookmakers Why to Bet Why to Bet Bookmakers Rating    
1xBet
  • 1.000 live matches daily
  • Asian Handicap
  • 50+ sports
  • 1. 1.000 live matches daily
  • 2. Asian Handicap
  • 3. 50+ sports
1xBet
Review Bet Now
Megapari
  • More than 45 sports
  • 1.000+ live events daily
  • 300+ extra bets at the top events
  • 1. More than 45 sports
  • 2. 1.000+ live events daily
  • 3. 300+ extra bets at the top events
Megapari
Review Bet Now
Mr Play Sports
  • 10.000 pre-match events per month
  • 35+ sports
  • 140+ extra bets
  • 1. 10.000 pre-match events per month
  • 2. 35+ sports
  • 3. 140+ extra bets
Mr Play Sports
Review Bet Now
Stake.com
  • 95% overall live betting payout
  • 500,000 prematch events/year
  • 100+ extra bets on top footy events
  • 1. 95% overall live betting payout
  • 2. 500,000 prematch events/year
  • 3. 100+ extra bets on top footy events
Stake.com
Review Bet Now
BetJOE
  • 97%+ on MLB
  • 25+ sports
  • 80+ extra bets at soccer
  • 1. 97%+ on MLB
  • 2. 25+ sports
  • 3. 80+ extra bets at soccer
BetJOE
Review Bet Now
Unibet
  • 250.000+ pre-match events/year
  • 10.000+ live events monthly
  • 96%+ on Asian Handicaps
  • 1. 250.000+ pre-match events/year
  • 2. 10.000+ live events monthly
  • 3. 96%+ on Asian Handicaps
Unibet
Review Bet Now
Cbet
  • Great offers
  • Cashout
  • Multi-View
  • 1. Great offers
  • 2. Cashout
  • 3. Multi-View
Cbet
Review Bet Now
Betiton
  • 94%+ payout on tennis
  • 180+ alternative bets on top leagues
  • Lots of alternative HC’s on basketball
  • 1. 94%+ payout on tennis
  • 2. 180+ alternative bets on top leagues
  • 3. Lots of alternative HC’s on basketball
Betiton
Review Bet Now
Yonibet
  • 97%+ on tennis & basketball
  • 30,000 prematch events
  • Cashout
  • 1. 97%+ on tennis & basketball
  • 2. 30,000 prematch events
  • 3. Cashout
Yonibet
Review Bet Now
Spreadex
  • Credit line available
  • 30+ sports
  • Bet Builder
  • 1. Credit line available
  • 2. 30+ sports
  • 3. Bet Builder
Spreadex
Review Bet Now

FAQ
Q: What is EFT, and how it works?

It is a popular payment method in South Africa. It allows you to complete transactions without a credit card only by using bank account details.

Q: Can I use EFT for betting?

Sure, as it allows both deposits and withdrawals to bookmakers that accept it. You can also claim sign up offers, as there are no restrictions regarding that.

Q: What are the leading EFT providers?

The most popular and widely accepted are EFTsecure, EasyEFT, PayFast, OZOW and EFTPay. They allow payments to go through to every merchant in South Africa and fully support ZAR.

Q: Are there any fees for betting with EFT?

While EFT payments to the bookmakers have no fees, the bank might charge you for withdrawals. You should also have in mind that your local tax authorities can request your betting activity.

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