Last updated: 13 April 2021
Not all payment methods can boast decades of being operational and dozens of countries serviced around the world. Some banking options are more locally focused and they are no less worthy because of it – they get the job done for a specific group of customers, in this case online casino players. One can say that EasyEFT belongs to this category, as it caters to South African players specifically and represents one of their favourite options to make online casino deposits. We’ve got you, South African gamers! On this page, we will dive into the intricacies of EasyEFT casinos and the joys of making deposits and withdrawals with EasyEFT.
EasyEFT is a fairly new and modern means of making online money transfers. “EFT” stands for “electronic funds transfer system”. Not much has been revealed about the company itself. Its headquarters are located in Mauritius, which means that is where the firm is registered. EasyEFT does business exclusively in South Africa and cooperates with major SA banking institutions.
The solution brought to you by EasyEFT acts as a secure gateway to make payments at e-commerce sites in South Africa by using funds you already have stored on your bank account. That is the premise and it works like a charm. No registration is needed to use the service, and no credit cards are required. What you do need to have is a bank account with a positive balance at one of the associated banks. Not every single one of the SA banks participates in the EasyEFT system, but some of the ones that do include Standard Bank, First National Bank, Capitec Bank, Nedbank, ABSA, Tymebank and Investec.
The EasyEFT platform was specially crafted to cover the South African market. On the sites of online casinos that accept it as a banking method, it is claimed that EasyEFT is owned and operated by South Africans. We weren’t able to find any official info to confirm this, but it would make sense why this method works so well in its home market.
It hasn’t been indicated anywhere online so far that EasyEFT might perhaps be planning to expand into other regions. For the time being, the service is only available in South Africa and offered to South Africans looking to make online transfers from their bank accounts registered at a series of SA banks. The concept itself could be applicable in other countries, under the assumption that local banks from other regions would want to join such a project. South Africa has the exclusive for now.
Open an account with one of the associated banks
When you pick out EasyEFT as your method of payment while shopping online or depositing at your favourite South African casino, you will be using your online banking login credentials to make payments/deposits. If you do not own an account with a positive balance at any of the aforementioned banks (Standard Bank, First National Bank, Capitec Bank, Nedbank, ABSA, Investec, Tymebank), no need to worry. Just go to your nearest bank office and the employees will surely be glad to help you with opening a new account.
Go to the EasyEFT website to create an account
The EasyEFT website allows users to login with their password and email, although that is not necessary to make use of its benefits. Click on Log In and enter your email address and password to continue using the service. Every time you select EasyEFT as you preferred method of payment online, you will go through the platform and choose one of the associated banking institutions to complete the payment.
Both transactions are possible – casino deposits and withdrawals with EasyEFT are easy to finalise. Most casinos that we’ve reviewed and rated do not limit the users to only deposits. Withdrawals will almost definitely be an open option and a preferable one as well.
- Once you have picked out the casino that works best for you, go to the cashier and select EasyEFT.
- Click Continue to get forwarded to the EasyEFT website where you will choose from available banks.
- Finally, enter your online banking information to finish depositing.
The withdrawal process at different casinos may differ in some small steps, but at most of them, you will start the cash-out by visiting the cashier and selecting the withdrawal option. In case that EasyEFT isn’t offered directly, make sure to check if the casino offers Wire/SID Transfer. Specify the amount you wish to withdraw, as well as the bank where you want your withdrawal to be credited. Confirm the transaction and wait for the casino to carry it out. Of course, always be mindful of the minimum and maximum deposit and withdrawal limits set for the casino you are playing at.
There are no additional fees charged by EasyEFT for doing transactions through their platform. Similarly, online casinos aren’t usually the ones that impose fees on EasyEFT deposits and withdrawals, as they have it in their interest to have South African customers using EasyEFT for quick deposits and efficient withdrawals.
All that being said, be aware of any potential processing fees charged by your bank. The cost of such fees will ultimately come down to how your bank handles an electronic funds transfer. It might be a good idea to contact your bank and verify what its policy on this subject is. Even if you need to settle certain fees, they are usually much cheaper than when transferring money via regular wire transfer.
One of the main reasons why EasyEFT is considered better than a standard bank transfer is speedy transaction times. When it comes to depositing, users usually don’t need to wait more than a few minutes to have their funds credited to the playing balance. The funds you set apart for an online casino deposit are nearly instantly available for upload.
On the flip side, you won’t wait too long to withdraw your winnings either. Most casinos limit the withdrawal time for EasyEFT users to 48-72 hours. Regular bank transfers can take days, so this is certainly an improvement. Withdrawal requests occupy some processing time, so a couple of days should be enough to see your earnings online, safely stored on your bank account.
You will have no transaction limits imposed by EasyEFT, but since you have your bank and the casino involved in the transaction process, it is their limits that you need to be aware of. Whether you are a casual player or an ambitious, devoted high roller, EasyEFT should suit your style.
Usually, the deposits are starting from as little as R20 and can go up to R100,000 on the high end, but this largely depends on the casino. Never forget to check the limitations before you make a deposit/request a cash-out.
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CasinoBankingMethods.com is aware that South Africa suffers from above-average levels of credit card fraud. All the more reason to grow fond of a convenient and safe method such as EasyEFT. Considering the options regarding online banking available to South African players, EasyEFT definitely falls under the category of the safest.
Sure, there may be a couple of alternatives that ensure the user’s anonymity, such as crypto payments, but EasyEFT is more suitable for a more “everyday gambling” scenario. The fact that the system is supported by the majority of the country’s leading banks, including Standard Bank, First National Bank, Nedbank, Absa and Capitec is a solid indicator of how safe it is.
The platform doesn’t run a help centre in a traditional form. In fact, the website is stripped from too much content. It does contain some information such as the company’s corporate address and the email address you can use to get in touch with the support agents. If you have something to bring in front of the assistance representatives at EasyEFT, write to [email protected]
There are no phone lines open or a live chat messenger for immediate assistance, but there is a contact form on the website that you can use to send an enquiry or report an issue with the service. A proper FAQ page would be an excellent addition to the site, considering how little it is generally known about the company’s location, history, governance and how they work.
On Scamadviser, the EasyEFT website is rated with “Likely to be legit. Trust rating is high”. The portal confirmed that the EasyEFT site holds a valid SSL certificate and is ranked high by Alexa based on the traffic volume.
The CBM team didn’t come across any major complaints about the SA electronic transfer service or any unsolved dispute, for that matter. As long as the customers are satisfied with their banks, they will likely be satisfied with the service provided by EasyEFT as it merely enhances the experience, elevates protection and speeds up the online banking proceedings.
EasyEFT hasn’t been around for that long to be able to develop some notable extra features. It gets the job done when it comes to facilitating online bank transfers for South African online casino fans and makes the deposits and withdrawals safer.
The service is simple and straightforward and we believe that players that don’t care much about fluff appreciate that. On the other hand, who’s to say that EasyEFT won’t go into another direction in the future, providing more perks for its users. We’ll see.
Some mobile-compatible online casino banking methods embrace mobile responsiveness in a different way than simply launching a downloadable app. EasyEFT does not have a mobile app, which does not affect the service at all.
The solution is still compatible with all Android and iOS devices since you will be doing most of the transaction process within the interface of the online banking platform of your bank. EasyEFT will still be able to complete its role as an intermediary, keeping your bank account info away from the casino platform.
- Don’t confuse EasyEFT with EazyEFT. The latter is an application that generates SEPA compliant PAIN.008 (direct debits) and PAIN.001 (bulk credit payments) XML files for uploading to a bank. It is used by Irish, UK and European-based organisations, while EasyEFT is an electronic funds transfer system used only in South Africa.
- To make deposits at online casinos with EasyEFT, you need more time to master the online banking system of your bank than EasyEFT itself.
- EasyEFT has no presence in social media. The EasyEFT YouTube channel only has one video to showcase in which people are called upon to enjoy life; the video, however, is not related to the payment method. Instead, it refers to an alternative health method called Emotional Freedom Technique. So, don’t be bothered looking up EasyEFT banking on YouTube.
Sure. EasyEFT can make deposits and receive withdrawals by bridging the gap between your casino and your bank. Your financial info will remain safe and your funds conveniently transferred when requested.
No fees are calculated for using the EasyEFT service by default, but every user needs to keep in mind potential fees charged by the bank that maintains the account and the casino. Should these fees be applicable they depend on the institution and the casino operator, not EasyEFT.
EasyEFT banks on bank-level security (see what we did there?). Jokes aside, EasyEFT transactions are carried out via online banking portals, which have layers upon layers of protection. So, the final answer is yes.
EasyEFT is available in one country only – South Africa. If this is your country of residence and you hold an account in one of the leading SA banks you can use EasyEFT.
Most casinos accepting EasyEFT offer an estimate of 48-72 hours for withdrawal processing time.
It is not revealed where EasyEFT is licensed, but it is officially supported by a series of major South African banks. Due to this, we have no reason to doubt its legitimacy.
Whenever you withdraw your money from a casino, EasyEFT will send that money into your personal bank account held in your chosen bank. What you do from there is your choice, whether you want to go to an ATM or visit the bank office in person and cash out.