Online Casinos Accepting Wire Transfer
Bank transfers or wire transfer is one of the most reliable methods of making online payments for South African online casino users and is accepted in a wide range of online casinos. Though it is not as quick as some of the other methods currently available, such as credit card or ewallet, using wire transfer to make a casino payment is a method you can depend on. This method, which is also sometimes called a SWIFT transfer, allows you send money using a bank instruction. The money is taken from your account by your bank and then sent to the casino’s account and though some fees do apply, this means you don’t have to input your financial information into the casino site.
When it comes to ensuring the safety of your financial information at online casinos accepting rand (ZAR), wire transfer can meet your needs. Choosing wire transfer means you won’t necessarily get to play the games you want immediately, but it does guarantee with almost 100% certainty that you won’t need to worry about whether cyber criminals are stealing your confidential financial information.
If you’ve chosen to make wire transfer payments, you won’t need to look far to find ZAR casinos that accept them. In fact, we’ve done the looking on your behalf and have listed the top South African casinos accepting wire transfer right here.
Our Top Recommended Casinos that Accept Wire Transfer:
How wire transfers work at South African Casinos
If you find yourself confused by how ewallets work, or not very secure about leaving your financial information on a casino’s cashier page, wire transfers are perfect for you. Making wire transfer payments requires you to call up your bank and issue an instruction for them to take a certain amount of money out of your bank account and send it to the South African online casino’s bank account. While this is a very simplistic way of looking at it, there are a few options of wire transfer you can choose that may be a little more complex, but faster and more convenient.
If you choose to, you can make an instant wire transfer. This type of payment has a different verification process that allows your bank to release funds almost immediately. If you choose this method, you will need to make the standard telephone instruction to your bank and give the account and transaction details to the casino, but this type of transaction doesn’t work well if your end goal is anonymity. If faster payments are important to you, an ewallet or credit card is probably a better payment method to use.
Easier withdrawals at wire transfer casinos
The one arena in with wire transfer comes out head shoulders above the rest, except for Neteller, is in withdrawals. The safety of using wire transfers means that you don’t have to worry about your financial information being stolen and the withdrawals are placed right into your bank account. This means no extra fees, as you could face with credit cards, and no third-party withdrawal fees, as could be the case using some ewallet systems.
The good, the bad and the timely
While wire transfers have a number of benefits, they have their drawbacks too. You may notice when you visit online casinos accepting wire transfer that this form of payment is not high on the popularity list. Though some people do prefer wire transfer specifically because it is a very safe and reliable form of payment, many more prefer not to use it for two major reasons.
The first reason that people prefer other payment methods is that wire transfer takes some time. These days, people are afflicted by a pretty serious fear of missing out, and they want everything to happen immediately. Wire transfer doesn’t really cater to that and the transfers into your real money account can take two to five days. This is most likely due to the fact that the bank has to do some verification to ensure that there is no likelihood of fraud, which should set your mind at rest but won’t give you instant access to games.
Wire transfers also come with extra fees and depending on the amount of money you’re transferring, you could spend a large amount of money on those bank charges. This may not seem fair considering it is your money to begin with, but banks have to cover their own costs, and thus will charge you for this form of payment as there is more work to do from their side.