SwiffyEFT Online Casinos

Catering to a worldwide audience is a daunting task. While people in countries like the US and across Europe generally have no issue finding top-tier payment options accepted in online casinos, many others find themselves on the back burner, lacking ones to make their online gaming journey convenient. The relatively new online gambling market in South Africa is one of the many regions that find itself in this predicament. Despite their instant popularity, users found it a chore to deposit in South African online casinos due to the lack of supported payment services. Thankfully, Swiffy EFT is changing that. The new payment solution is a blessing for the growing user base in the region, bringing with it unparalleled convenience, fast processing times, and many other perks that extend far beyond online gambling. If you’re hoping to learn more about this service, keep reading.

About Swiffy EFT

Swiffy EFT is a new contender on the South African banking scene. The service only launched in 2020, but it’s already made a name for itself in the region as a go-to payment solution with a long list of premium perks. In essence, the service is like many modern online payment methods. It’s an electronic funds transfer service that allows players to send payments to other users and entities with the click of a button! This level of convenience is one of the main reasons why the service has amassed such a big audience in a short time, as the competing methods in the region are sorely lacking on this front.

If you’re looking for more details on how Swiffy EFT operates, we’re happy to divulge them. The solution is known as a hassle-free entry into the market, requiring no user account or extra effort at the start-up process. All you need is a bank account with a supported local bank and you’re good to go! As you can probably guess, this means that the solution partners with many regional banks, giving it more credibility. It also helps that the banks it partners with are some of the best ones in South Africa! They include trusted names like First National Bank, ABSA Bank, Old Mutual Bank, African Bank, Tyme, Nedbank, Bidvest Bank, and several others.

The release of Swiffy EFT might not seem like that big of a deal to players outside the region, but the solution was introduced as the perfect fix for several big problems in South Africa’s online gambling and online shopping worlds. First and foremost, the service allows users to deposit and shop in their native currency. Essentially, this means that users no longer have to deal with currency conversion fees. It might seem like a small thing, but with these charges stacking up on every consecutive transaction, users would lose serious money over time!

Another problem this solution resolved is the need for credit cards. Before Swiffy EFT, the bank card option was the best choice for most South African users. While these options aren’t bad, per se, they’re somewhat outdated. Most users are looking for something modern, fast, and easy to use, and Swiffy EFT is all of that and more. Since we mentioned speed, that’s one more issue the service patched up. While credit cards and other similar options can take days to process transactions, this solution is instant! Waiting times are practically non-existent, giving casino fans a chance to cash out their winnings at the drop of a hat.

We’ve gone over many of the service’s positives, but that doesn’t mean there are some cons to watch for too. Swiffy EFT is currently only available in South Africa. Players outside the region can’t access the service, limiting its reach. It’s also worth mentioning that the solution’s novelty doesn’t work in its favor. While it’s become super popular in a short period, it’s still not as widespread as some of the other options available. The service is exclusive to a few online casino brands at the moment, although it’s working hard to change that.

How to Start Using Swiffy EFT

Swiffy EFT is a fan favorite for many South African users because of how easy it is to start using it. The service is all about keeping things simple, so it only has a few requisites. First, it’s best to note that you don’t need to register a dedicated user account to proceed with the service. This step is completely disregarded, giving everyone a chance to dive head first into things and start transacting right away! Still, things aren’t as simple as they might seem at first glance. Since the service operates through traditional banks in the region, having a valid bank account with one of them is a must. The good news, the supported banks are some of the best around, so setting up an account with one of them shouldn’t be an issue.

Before we move on to the part about using the service itself, it’s best to give you a walkthrough of how you can open a bank account with the solution’s partners. First, we suggest researching the various banks on the list of supported financial institutions. While they’re all excellent, their offers vary significantly. Some banks might be a better fit for you because of distance, card options, or account types. Check out what each of them brings to the table, and go with the one that best fits your needs.

Once you find a suitable choice, you’ll need to head to the bank to set up your account. This process can be a bit time-consuming, but ultimately, it’s not too complex. The first step is asking the bank clerk for the required forms. The paperwork you need to fill out has questions about your marital status, work status, financial status, etc. The questions are pretty personal but don’t worry, they’re not disclosed to third parties as they’re used to test your eligibility. When you finish filling out the forms, you’ll need to hand them back to the clerk and verify your identity. To do so, provide a valid form of photo ID, such as a driving license or passport.

With your new bank account active, you can now proceed to use Swiffy EFT itself. The first step here is heading to the checkout or cashier section and locating the Swiffy EFT option. Click on it and choose your corresponding bank from the list of options. The next step is entering your bank details to connect your account with the service. You’re nearly done! In some cases, you might need to enter the payment amount, but with most shops, it’s recalculated. To complete the transfer, confirm the payment, and you’re done!

Depositing and Withdrawing With the Solution

Depositing with Swiffy EFT can be a bit of a hassle, but not because of the service itself. Since the solution is still a fairly new option, it’s yet to reach as many online casinos in South Africa as players might have hoped. While it’s working hard on expanding its network, it’s going to take some time before it makes it to more venues. For now, users are limited to a few options, but the good news is that they’re some of the best ones around! You can check out these top-tier venues online and decide which one suits you best. Once you do, here’s how to proceed to deposit:

1. Head over to the casino’s Cashier/Banking/Deposit/Payment Methods page
2. Find Swiffy’s logo out of the bunch and click on it
3. Enter your desired deposit amount.
4. Select your bank from the list of options
5. Log in with your online banking details and choose the account you wish to deposit with
6. Confirm the payment
7. The money will arrive on your casino balance in minutes!

Withdrawing through the service is available in most of the venues supporting it. To withdraw through Swiffy EFT, you’ll need to follow a similar process to the one listed above for depositing. The only difference between the two is adding your desired withdrawal amount instead of your desired deposit amount. Follow everything else to a T, and you’ll receive your payment soon. It’s worth noting that while the service is instant, you might need to wait a bit for the transfer because of casino processing times. Approval for withdrawals can take a few days, so factor that in when sending in a request.

Coverage and Restrictions

Swiffy EFT is a service developed for the South African market. Because of this, it’s remained focused on local operations. If you hail from countries like Sweden, Colombia, Japan, or the UK, you won’t be able to use the service. While its reach is limited, this doesn’t mean users can’t send payments to foreign sites. The transfers are international, so as long as the shop, venue, or service provider supports Swiffy EFT payments, you should have no issue using the service for these payments.

Fees and Additional Charges

When fees are in question, players will be happy to learn that Swiffy EFT is one of the most cost-effective options in the South African market. The service doesn’t charge fees for the standard transfer options, so you won’t incur additional charges for your casino deposits and withdrawals. Of course, the same applies to all online payments and purchases. While there’s no fee attached to the base options, some fees apply to a few of the other features the payment method offers. The Swiffy Pay and SwiffyChat options come with a ZAR399 and ZAR 699 monthly fee, respectively.

Accepted Currencies

There’s good news and bad news about the Swiffy EFT-supported currencies. Since the service operates exclusively in South Africa, it only supports the local currency – the South African rand. This is excellent news for locals, as they don’t have to deal with currency conversion fees, which is a big issue with other payment methods. The bad news, no other currencies make the list. Players that frequently use popular currencies like the US dollar, euro, or UK pound will have to convert their payments before proceeding.

Customer Support

Swiffy EFT might have a well-prepared Customer Support Team with tons of knowledge about how to deal with sticky situations, but only offer one means of contact. Users can reach out to a Customer Service representative via email and get a response within 24 hours. While the lack of a Live Chat or phone contact option is disappointing, players will be pleased to hear that the solution’s official website is packed with information. In many cases, reading through it will be enough to help you resolve the issue.

Conclusion

It’s easy to see that Swiffy EFT is one of the best payment methods available in South Africa. The service has all the staples of a modern banking solution, offering quick processing speeds, an easy-to-use platform, and stellar security. Overall, the service is a hassle-free option that makes for a premium online gambling experience. Still, this shouldn’t distract from some of its downsides. Mainly, players should look out for scarce currency support and availability. The service is actively working on improving in these areas, but for now, they can be deal breakers.

FAQs

Is Swiffy EFT safe?

Yes, the service is safe. All transactions made through Swiffy EFT are PCI-DSS regulation-compliant. Additionally, they’re aided by top-tier security provided by traditional banks and financial institutions.

Do I need an account to use the service?

No, you don’t need to register a user account to use Swiffy EFT. While this is great news, keep in mind that a bank account with one of the service’s supported banks is a prerequisite to using the service.

Are transfers instant?

Yes, Swiffy EFT is an instant transfer service. Users can expect their transactions to go out within minutes of confirming them.

Is Swiffy EFT free to use?

Yes, Swiffy EFT is a free service. Players won’t be charged any fees for classic deposits and withdrawals. It’s worth noting that the payment solution does offer a few optional additional features that require a monthly payment.

Where is Swiffy EFT available?

The service is exclusively available in South Africa.