At iBets, we love fast payments! No player likes to be strung along, especially when you win big. Imagine hitting a nice and tidy payout only to have the Bookmaker drag their feet. That’s why we do the work and research for you! Our team tests withdrawal speeds to compare and provide you with the fastest payments online in South Africa.
Fastest Paying Bookmakers in South Africa
10Bet South Africa is by far the fastest-paying bookmaker in South Africa. With payments in under an hour and weekend payouts, it’s easy to see why we have them listed as number 1.
| Rank | Bookmaker | Average EFT Speed | Average eWallet Speed | W/End Payouts | Cutoff |
|---|---|---|---|---|---|
| 1 | 10Bet SA | 1 Hour | 1 Hour | Yes | 21h00 |
| 2 | Tic Tac Bets | 1 Hour | 1 Hour (24/7) | Yes | 20h00 |
| 3 | Playa Bets | 1 Hour | 1 Hour (24/7) | Yes | 19h00 |
| 4 | Lulabet | 5 Hours | 5 Hours | No | 14h00 |
| 5 | Yesplay | 1 Hour | 1 Hour | Yes | 23h00 |
| 6 | Gold Rush | 8 Hours | 8 Hours | Yes | 16h00 |
| 7 | BetShezi | 12 Hours | 12 Hours | No | 16h00 |
| 8 | Easybet | 24 Hours | 24 Hours | Yes | 12h00 |
Ozow vs. EFT vs. eWallet at SA Bookmakers
Several payment methods are available to South African Gamblers – Ranging from Instant EFT to eWallets and Vouchers or Airtime. The table below ranks each payment method, the average time taken, the best place to use the listed method, and the fees to withdraw money.
| Rank | Method | Average Time | Available at | Fees |
|---|---|---|---|---|
| 1 | Ozow Instant EFT | Within 1 Hour | 10Bet SA | Free |
| 2 | E-wallet | Within 1 Hour | Tic Tac Bets | Free |
| 3 | Standard EFT | Within 24 Hours | Lulabet | Free |
| 4 | Vouchers / Airtime | Within 12 Hours | Betshezi | Free |
All Available Payment Methods
Ozow Instant EFT
Ozow Instant EFT is a payment method offered by several South African Bookmakers. It has become rather popular due to its speed and ease of use. Once this payment method is selected, you will receive your funds directly into your bank account within 1 hour. Payouts up to R1 000 000 are supported per transaction depending on the Bookmaker.
eWallet, Instant Money, and iMali
An eWallet is a payment service offered by most South African Bookmakers. You do not require a bank account and can withdraw funds at an ATM with just your cell phone number. There are options for different banks like Standard Bank (Instant Money), Nedbank (iMali), FNB (eWallet), and ABSA (Cashsend). If you opt for this payment method, you can receive your funds in under an hour. eWallet payments are limited, and may only accommodate up to R3000 per day or R20 000 per month.
Standard EFT
A standard EFT is a bank transfer over normal channels. EFTs are only processed during banking hours and are usually credited to your account within 48 hours. It can be sooner and depends on which bank sends the payment and which bank receives it. For example: A payment from an FNB to an FNB account will reflect much faster than a payment from FNB to ABSA. Depending on the Bookmaker, payouts of up to R10 000 000 may be supported per transaction.
Shopping Vouchers and Airtime
You can withdraw or convert your funds into Airtime or Vouchers. Options for Airtime include Vodacom, Cell C, MTN, and Telkom (Min. R100 / Max. R1000). If you prefer shopping vouchers, you can convert your funds into shopping vouchers for Pick n Pay or Makro (Min. R1 / Max. R10 000). Vouchers are usually credited within 12 hours.
FICA Verification – You can only withdraw if you are verified!
To ensure speedy payments, always ensure that you are FICA verified. In South Africa, a bookmaker must verify your identity and bank account before any payments are made to you. This is the Law.
What Documents do I need for FICA?
Bookmakers usually need a copy of your ID Document or ID Card and a Bank Statement. Some SA Bookmakers may accept a Proof of Account Statement also. Always confirm what is required BEFORE you deposit and start playing. This ensures that when you withdraw, there are no issues.
How long does FICA verification take?
FICA Verification can vary for each bookmaker. Some may take up to 24 hours to verify your documents. Others will assist you over Live Chat to get you verified instantly.
