Smart EFT Online Casinos

The South African online gambling scene is growing by the minute, with online casino players looking for top payment methods to use to get the most out of their gambling time. One method that makes a difference is SmartEFT. As implied by its name, it is an electronic funds transfer service which uses smart tools to deliver seamless direct transfers. It has grown in popularity across online casinos, so if a South African player in the search of a top solution to use, search no more. What is SmartEFT and why choose it as your online casino payment method?

About SmartEFT

SmartEFT is the solution that has quickly become users’ favourite payment method for direct deposits. It is a service facilitating electronic funds transfers as you know them, making them far more convenient and faster. It was launched by one of the biggest South African IT companies, SmartPoint, alongside many other products. With it, you will be able to electronically send and receive transfers from one bank to another, thanks to its partnership with the biggest South African banks, Bidvest Bank, Nedbank, ABSA Bank, Tyme, African Bank, First National Bank, Capitec Bank, Investec, Standard Bank and Old Mutual Bank. This makes the solution the middleman, connecting you, your bank and the recipient’s bank.

SmartPoint has launched many products so far, and that's why it is the leader, and pretty well-known in the region. It works hard on improving its offering. It is an IT company which creates the smartest solutions to modern-day problems related to the internet, including online banking. That's why, when it launched the SmartEFT product, it immediately became its most popular product, making users’ online banking faster and way easier.

What this solution does is basically your job for you. Instead of having to visit your bank to request an EFT, you just go online, visit its website or the site where you need to pay and request the transaction. The solution takes it from there, making sure your transaction reaches the intended destination in no time. Its accessibility, the fact that it has partnered with the leading South African banks, is what makes it the star payment method on the market. And the easiness and convenience with which you could send and receive your transactions are what make it the star across the online gambling industry.

All online casinos that cater to South African players are offering it as a payment option, so you’ll have plenty of sites to explore. With no further ado, stay with us to learn how to get started with it and start using it across online casinos for the smoothest deposits and withdrawals.

How to Start Using SmartEFT

SmartEFT is incredibly easy to use because basically, there’s no real getting started procedure. You don’t need to create a special account with it, since the solution has integrated with the most popular banks in South Africa. That means that you access its service by accessing your online banking profile.

You can request a transaction via your online banking profile, or you can go directly to the site you’re intending to pay at or purchase something from, and in just a few steps, make your transaction.

How's that possible? Well, in casino terms, you'd have to choose it as your payment method, enter your bank account details, if making a withdrawal, or just specify how much you'd want to top your casino balance with if making a deposit. If you’re the one sending the money, you’d only need to enter the recipient’s bank account details and specify how much you’d want to send. But, the thing with deposits across online casinos is that the casino’s banking information will be already pre-entered, so all it takes is entering the amount you wish to deposit. The solution does the job for you. As soon as you provide the required details, the money will be on its way. Sure, before the money gets sent, you're sent a notification with a confirmation code to confirm your transaction, as part of the banks' two-factor authentication procedure.

Even though we basically just explained the depositing process, stay with us to provide you with the exact steps you need to make to successfully deposit at your chosen online casino.

Depositing and Withdrawing with the Solution

As mentioned at the beginning of this article, SmartEFT is a solution that has reached all kinds of online casinos accepting players from South Africa. When you start looking for one to join, you’ll see that you’ll have plenty of options to explore. Find one that you’d like to join, register your account with it and soon, you’ll be able to make your first deposit.

To make a deposit using this solution, you’d need to go through the following steps:

1. Head over to the casino’s Banking/Deposits/Payments page.
2. Choose SmartEFT from the payment methods offered (if its logo is not available, choose direct transfer).
3. If not pre-entered (which is highly unlikely), enter the casino's bank account details as provided by Customer Support.
4. Specify how much you’d like to deposit and wait for the confirmation code.
5. Confirm your transaction and the money will arrive on your balance in no time.

To make a withdrawal, you’d need to repeat the same procedure. You’d need to choose the solution as your payment method, only this time, you’d need to enter your bank account details and specify how much you’d like to cash out. After the casino reviews and confirms your request, the money will arrive on your account in no time.

You should keep in mind that some casinos implement deposit and withdrawal limits, so before you request one, make sure you know all about the transaction limits if any exist.

Coverage and Restrictions

It is probably clear to you by now that SmartEFT is a solution only available in South Africa and to South African players. If a player from any other country, this is not a method for you.

As a South African player, though, you’d be pleased to learn that it is a solution offered by most leading banks in the region, so you probably won’t need to lift a finger in order to start using it. But, bear in mind that, having an active bank account with one of these banks is a requirement you must meet to start using the solution. So, in case you don’t have any, you’d need to visit one of the many partnered banks to create your account with it.

Fees and Additional Charges

Even though SmartEFT offers the middleman service, it won’t charge you for using its services. Considering this is a South African solution, which collaborates with leading banks, and supports the South African rand, you won’t need to pay even conversion fees!

So, on its part, no fees would be charged. However, you need to check with your chosen bank to see whether it charges fees for electronic fund transfers.

Accepted Currencies

As just mentioned, when you transact with SmartEFT, you transact using your own country’s currency, the South African rand.

This is what makes the solution the top choice among players since they avoid paying currency conversion fees and can actually pay using their own country's currency across online casinos.

The great thing about it, though, considering it is an EFT in the core, is that it also supports other mainstream currencies such as the Canadian, US dollar and the euro, to name a few. For these, of course, you’d need to pay currency conversion fees.

Customer Support

In case you have any questions about how SmartEFT functions or you’ve experienced a problem with your transaction, you can always contact SmartPoint, via its mobile line 012 803 7868, the email address [email protected] or its actually land-based address, available on the site. Naturally, the company can help you out with the technical parts, but in case you have serious problems with a transaction, you better contact your chosen bank. Its Customer Support team should be able to assist you better with these kinds of issues.

You can explore SmartPoint’s site to find out more about the solution and all the other products offered, and you can also always contact your casino’s Customer Support agents.

Conclusion

If a South African player, you should know that SmartEFT is one of the top payment solutions to use for depositing and withdrawing across casino sites. It is incredibly popular across South African casinos, players love using it for its convenience, and transactions with it are in South African rands, so you’ll avoid paying hefty fees when you decide to use it. Do not hesitate to at least give it a try; you won’t need to create any accounts to do so. So, the first chance you get, request an EFT with this solution; you won’t regret it.

FAQs

Can I cancel a transaction made with this solution?

No, unfortunately, just like with all EFTs, transactions cannot be cancelled once initiated. The banks have already processed it, so you’d need to contact them directly to see if you could get a refund.

How long does it take for deposits/withdrawals to be processed with SmartEFT?

While transactions with it are not instant, they are actually incredibly quick considering they depend on the banks involved. A typical transaction is processed within 2 to 4 hours.

Is SmartEFT a safe solution?

Sure. It is backed up by top banks and launched by one of the most well-respected companies in the region, SmartPoint, so you can rest assured that it is a safe solution to use.

How many casinos will offer it as a payment solution?

As said, the solution is available across all South African casinos, and basically, even if its logo is not present at the casino, you can still request a payment via it as long as your bank is on the list of accepted banks for EFT transfers.

Is there an app I could download to use SmartEFT?

Considering this is a middleman, there was no need for SmartPoint to launch an app for it. In case you want to download an app, see whether your bank offers one, and in that way, you’ll be able to make payments with the solution via an app.