Alternatives to PayPal in South Africa
Paypal without doubt is one of the best methods to fund your betting account but unfortunately it’s not accepted as payment on all betting sites, especially the South African betting sites.
Only the international sites operating within the country accept Paypal but not to despair as we have a host of other alternatives available for you.
The most common payment methods through the years have been bank transfers and credit card payments but these methods could take up to 48 hours before they are reflected in your account. The advancement in technology has seen quicker methods like OZOW Instant EFT being introduced.
Other popular payment methods for betting sites
As mentioned earlier there are many new deposit methods that have become hugely popular with punters. These are the most popular payment options at South African betting sites.
OZOW- Instant EFT– This method has become the most popular method to players that have a banking app. You can log into your betting account and choose OZOW. All you need to do is approve the transaction on your banking app and the funds are instantly credited to your betting balance.
1 Voucher– The second most popular method is the 1 Voucher. You can purchase the voucher from any of the leading retailers stores across the country. The voucher amount starts from a lowly R1 up to R5000. The best part is that you don’t need a banking account to purchase these vouchers This method instantly reflects in your account
OTT Voucher– The third option on deposit request is OTT Voucher and this type of voucher is available at most gas stations and retailers across the country. The beauty about OTT vouchers is that they are available in Spaza shops in the townships and rural areas. This method instantly reflects in your account.
Bank Transfer– One of the older payment methods available at almost all online sports betting sites, bank transfer can be used to fund and withdraw from your betting account.Its popularity has decreased as there are additional charges for processing the transaction. This option could take up to 24 hours to reflect in your betting account.
The options available for withdrawing your winnings have also improved drastically in the last few years. Bank transfers are still available and take up to 24 hours before you receive your funds. The latest and best way to withdraw is through Instant Ewallet for Standard Bank Instant Cash. You can have your funds ready within 20 minutes of request which is amazing.
Basic information about the payment system
Paypal is one of the most common payment methods across the world and it is available in most countries. These are some of the countries that Paypal is used:
- San Marino
Although Paypal has been a trusted payment method across the globe for many years there are still a few limitations of this method. Here are a few disadvantages of Paypal
- PayPal charges fees for certain types of transactions, such as sending or receiving money and processing credit card payments.
- PayPal is not available in all countries and regions. Some countries have restrictions on sending and receiving money using PayPal.
- PayPal can freeze or limit user accounts for various reasons, such as suspected fraudulent activity, violation of its terms of service, or non-compliance with regulations.
- PayPal is an online payment system, and it requires a stable internet connection to function. If there is network outage or internet connectivity issues, users may not be able to access their accounts.
The advantages of PayPal
There may be a few limitations to Paypal but the advantages certainly outweigh them. Here are the reasons that make Paypal a leading payment option for millions of users.
- PayPal is user-friendly and easy to use. Setting up an account is straightforward, and once you have an account, you can quickly send and receive payments online.
- PayPal allows you to make payments and receive money from anywhere in the world, as long as you have an internet connection
- They use advanced encryption and fraud prevention tools to protect users’ personal and financial information. When you make a payment with PayPal, you don’t have to share your credit card or bank account information with the seller, which reduces the risk of fraud.
- Payments made with PayPal are processed quickly, which means you can receive money or make payments instantly.
- PayPal supports over 25 currencies, which makes it easy to make payments anywhere in the world without worrying about currency issues.
PayPal is one of the most popular digital payment systems that allows users to make and receive payments online, and it has become a widely accepted payment method for betting sites around the world.
It will only be a matter of time that local bookies also accept this payment method on their sites. PayPal remains a popular and trusted payment system that offers several advantages over traditional payment methods.
Its convenience, security, and ease of use make it a popular choice. The moment local bookies accept PayPal payments we will be sure to update is on our site. Until then, take advantage of other deposit options at bookmakers