Tailored to the South African bettor, EasyEFT is the second most popular payment option behind credit cards. Accepted by practically every merchant across the country, it allows payments without a credit card by only using a bank account.
Fast payments, reliability and no fees are the main features that made it a trusted payment option for South African players. Together with all the essential aspects of EasyEFT, you are about to find out:
ᐉ How to deposit and withdraw with it.
ᐉ A detailed guide of how to use EasyEFT and deposit to your preferred bookie.
ᐉ All the benefits and shortfalls of EasyEFT betting sites.
Best EasyEFT bookmakers
At the moment, there aren’t many bookies accepting EasyEFT. However, you can check the full list of the best bookies in South Africa. You can benefit from juicy welcome bonuses and various promotions. High odds and quick withdrawals are also pros of the following bookmakers.
Ηow to bet with EasyEFT
There is no need to sign up for any third party service. Just visit your favorite bookmaker and bet with EasyEFT. The only precondition is to own a bank account; no credit card needed though.
- Click on 'Deposit'
- Select 'EasyEFT'
- Choose your bank and enter your account number
- 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 be visible in 1-3 days. In most cases, banks will not proceed with a payout under 500 ZAR.
Benefits of betting with EasyEFT
✔ Swift payments: Deposits are credited instantly, and withdrawals take between 1-3 days at most.
✔ No fees by the service: EasyEFT 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 EasyEFT. 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.
✔ Supported by the biggest banks in S. Africa: The major banks in South Africa are Standard Bank Group, First National Bank (FNB), Absa Group and Nedbank Group. Along with Rand Merchant Bank (RNB) and Capitec, all four of them cooperate with EasyEFT.
✔ No credit card required: A bank account number is enough for betting with EasyEFT. No credit card hassle needed.
Drawbacks of betting with EasyEFT
❌ 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 EasyEFT has no fees, your bank might charge you for your bookmaker's transactions.
❌ Betting activity is tracked: As EasyEFT 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 EasyEFT.
❌ Not many bookies allow withdrawals: One of the most significant disadvantages of the payment is that many bookmakers don’t allow payouts. Instead, bettors need to find alternative methods to withdraw their winnings.
Now that we have seen all the pros and cons of betting with EasyEFT, it will be helpful to see if there are any extra fees. Moreover, although EasyEFT is a notable option for any South African bettor, it is good to keep in mind alternative deposit methods.
Are there any fees when betting with EasyEFT
There are no fees when depositing on EasyEFT betting sites and the same applies to your payouts. However, bettors need to keep in mind that maybe their bank charges an amount on their transactions. It is necessary to contact the bank and ask if any fees apply before they proceed.
Regarding limits, any bookmaker has different limits; but typically, the minimum deposit amount is ZAR 25. As per withdrawals, the limits may vary between the bookies, but withdrawals under ZAR 500 will not be processed by the bank.
Alternative methods to EasyEFT
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 EasyEFT as a banking method. Therefore your best alternatives are:
Credit cards: As the most popular option for betting, credit cards are available to every bookmaker, and they offer reliability and quick payments. Mastercard bookmakers and Visa betting sites could be considered as the best options.
EasyEFT only acts as an intermediary between your bank account and the bookmaker. Betting with EasyEFT on your phone is straightforward. No need for an app download or anything additional. Only visit your favourite bookmaker’s mobile app or site and follow the standard steps for a deposit as described above.
Is it worth betting with EasyEFT
EasyEFT is cost-effective to operators and easy to use with an extensive breakthrough in the South African market. Bonus eligibility is another welcome trait, as well.
Nevertheless, the positives stop here as there are no more than a handful of reliable EasyEFT 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 EasyEFT uses your bank account for payments and can be requested by the local authorities.
As a result, we can not recommend EasyEFT betting sites for their lack of credibility and confidentiality. We instead suggest using a wallet such as Skrill or Neteller.
Complete list of bookmakers for South African players
Since EasyEFT's acceptance is still minimal, we offer you a list of our best bookmakers for South Africa. They allow you to enjoy bonuses, quick payouts and reliability in your betting endeavors.
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.
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.
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.
While EasyEFT payments to 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.