Instant EFT is a payment method popular in South Africa. It offers a convenient and secure way to pay from your bank account without exposing your details. The service allows you to skip using credit or debit cards, too. Instant EFT lives up to its name; transactions clear instantly. You do not have to wait for confirmation like with manual bank transfers. Connect to your bank account, pay, and start playing!
You can link multiple bank accounts to Instant EFT. The service supports all major South African banks.
How Does Instant EFT Payments Work?
You need to register an account before using Instant EFT. You use this account to log into the app, which you will use to authorize transactions. You can use Instant EFT with any merchant that supports the service. Choose your selected online bank and log in using your online bank credentials. After logging in, players need to verify the transaction with a one-time password (OTP).
Instant EFT does not have any setup, monthly or hidden fees. The service is open about how much it charges users. We admire the transparency and hope more payment methods follow suit.
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How to Deposit with Instant EFT?
Depositing with instant EFT is sweet and straightforward. Log into your casino account and open the banking or cashier page. Choose deposit, and then pick Instant EFT from the list of payment methods. It will open a window allowing you to select between all supported banks. Choose your bank and log into your bank account to approve the transaction. You will also need to enter the OTP before the deposit goes through.
How to Withdraw with Instant EFT?
Cashing out is also made simple, which we like quite a bit. Log into your casino account and open the banking page to start the process. From the withdraw section, choose Instant EFT as your payment method. Follow the instructions on the screen to complete the transaction. Cash-out requests take some time for the operator to process. It might take a few days before you receive your funds.
Transfer Times, Fees, and Security
Players can look forward to fast, if not outright instant deposits with this payment method. After the casino member authorizes a deposit, the funds immediately become available in your balance. How long withdrawals take varies between online casinos. Then, the funds need to appear in your bank account, which can also take some time. You should not have to wait longer than a couple of days.
Instant EFT charges users for every transaction they carry out. If you plan to use the payment method, you must consider these costs. Additionally, some websites may charge you for using this payment method to deposit or withdraw.
The service keeps your information safe by keeping your bank from directly interacting with the online casino. Instead, it acts as a gateway that connects your bank and the website. All Instant EFT transactions are encrypted, decreasing the odds of misused funds and hacks affecting the users.