EasyEFT can address some of those obstacles by routing payments between a bank and a casino. It supports deposits and withdrawals in ZAR, is described as processing transfers instantly, and does not charge its own transaction fee. New to this casino payment method? Read on for an overview of how it works.
How Does EFT Work?
EasyEFT, short for electronic funds transfer, connects your bank with an online casino as an intermediary. You need an account at a participating bank that permits transfers through EasyEFT. The banks named include Standard Bank, Tymebank, First National Bank, and ABSA. An EasyEFT account is not required to send a payment, though signing up can help you review your transaction history.
Speed is a key feature attributed to EasyEFT. A casino deposit is expected to show in the account balance immediately. A withdrawal takes longer because the casino must review and approve it before releasing the funds.
Security
The source review points to EasyEFT’s acceptance by banks and financial institutions as a reason it may be considered safe to use. It says EFT transfers generally rely on 128-bit SSL encryption, which is intended to make intercepted data between the payment provider, casino, and banks difficult to read. The casino is also said not to receive your banking details, adding privacy between the casino and your bank information.
Availability and Currencies
The review describes EasyEFT as being offered only at casinos in South Africa. It can be used for online shopping, sending money to other people, and casino transactions. Because South Africa’s currency is the Rand (ZAR), EasyEFT payments are made in ZAR only.
Making a Deposit Using EFT
To add money to a casino balance with EasyEFT, choose it from the deposit options. You will be redirected to the EasyEFT website, where you select the bank account to pay from. You then enter your online banking credentials and authorize the transfer.
After completing those steps, the casino account should display the transferred amount.
Withdrawals Using EFT
Cash-outs through EasyEFT follow much the same route as deposits. Enter the amount you want to withdraw and choose EasyEFT as the payment option. The service then opens its website and asks you to select the bank account that should receive the transfer.
Casino withdrawal requests are not handled immediately, as the operator must first complete AML (Anti Money Laundering) and KYC (Know Your Customer) reviews. This review can take up to 3 banking days sometimes. Once the casino approves a request, the payment is expected to reach the bank within a few minutes.
Fees and Limits
EasyEFT itself does not add a transaction fee, according to the review. Your bank may still charge for a payment made through the service, depending on its own terms, so check with the bank before transferring.
EasyEFT does not set transaction limits. You remain subject to any caps imposed by your bank or the casino. Check the casino’s terms for minimum and maximum payment amounts; some operators also apply weekly or monthly withdrawal ceilings.
Pros and Cons of Using EFT
For South African users, EasyEFT’s advantages include local-market design, no provider fee, separation of banking details from the casino, and quick transfers. One convenience gap noted in the review is the absence of a mobile app.
Pros
- Designed for South African users
- Keeps your banking details from casino view
- Used by many casinos accepting players from South Africa
- Deposits reach the bank instantly
- No transaction caps from EasyEFT
- Works with a number of participating banks
Cons
- Limited to South African users
- Payments are restricted to ZAR
- No app for mobile devices
