The thrill of victory when betting online is second only to the sweet sensation of withdrawing your winnings! In the highly competitive landscape of online betting in South Africa, offering fast and reliable withdrawals is how some bookies stick their heads out above the crowd.
After all, what’s the use of winning big if you’re left waiting too long for your money?
Whether it’s an EFT, ATM or in-store withdrawal, every player wants to get their money fast and enjoy the benefits of their winnings. So when it comes to getting your cash, being clued up on the various withdrawal methods available in South Africa can help you decide where to place your bets to ensure a hassle-free withdrawal experience both now and in the future!
In this article, we’ll consider the withdrawal options available to punters in South Africa and answer the question of how long withdrawals take from online betting sites depending on which payment method you choose.
Online Betting Withdrawals in South Africa
Speed aside, choosing the best withdrawal method is also a balancing act of security, reliability, convenience, and cost. Familiarising yourself with all the ins and outs of each payment option is the surest way to make the right decision when it’s time to withdraw your money online from a betting site in South Africa.
To start, let’s take you through the various types of withdrawal options available across betting sites in South Africa:
EFT (Electronic Funds Transfer)
EFTs are electronic fund transfers made directly to your bank account via third parties such as Ozow or Callpay. This payment method is available across all betting sites and does not require any additional apps or services. Processing times for EFT withdrawals vary between 6 and 72 hours depending on the betting site and which bank you choose to use.
ATM (via mobile cash send)
E-wallet and mobile cash send withdrawals are fast and convenient, with the funds often available immediately after requesting a withdrawal from the betting site. You don’t need a bank account to withdraw your winnings from an ATM. You’ll receive a PIN via SMS that you can then use to collect your cash from an ATM. There are some transaction limits and fees associated with this service depending on which bank you choose to use.
Hollywoodbets
Withdrawals have always been a strong point for Hollywoodbets which boasts the fastest ATM withdrawals in South Africa to its customers and all the possible payment options to choose from! Physical betting shops provide another alternative for punters who can collect their winnings in-store after requesting a withdrawal online from their betting account.
- EFT: 6-24 hours (fastest in South Africa)
- ABSA CashSend: Instant
- Standard Bank Instant Money: Instant
- FNB eWallet: Instant
- Nedbank Send-iMali: Instant
- Hollywoodbets outlets: Instant
Betway South Africa
Betway understands the value of providing as many ways for punters to get paid as possible. Their fast and reliable withdrawals put them ahead of many other bookmakers in the eyes of the South African betting public!
- EFT: 1-2 business days
- ABSA CashSend: Instant
- Standard Bank Instant Money: Instant
- FNB eWallet: Instant
- Nedbank Send-iMali: Instant
LottoStar
LottoStar might not have been around as long as Betway and Hollywoodbets but they sure
know how to impress their loyal customers with fast and secure withdrawals!
- EFT: 1-2 business days
- ABSA CashSend: Instant
- Standard Bank Instant Money: Instant
- FNB eWallet: Instant
Lulabet
Lulabet has followed the example of its biggest competitors by offering in-store withdrawals to complement its diverse selection of EFT and ATM withdrawal options. Now you can collect your betting winnings at the same time as doing your grocery shopping!
- EFT: 2-3 business days
- ABSA CashSend: Instant
- Standard Bank Instant Money: Instant
- FNB eWallet: Instant
- Spar, Rhino, Cambridge Food, Checkers, Choppies: Instant
Easybet
As a fairly new betting site in South Africa, Easybet had the advantage of watching to see what other bookies offered in terms of withdrawal before making a call on how to impress their customers with payment options.
- Ozow Instant EFT: 1-2 business days
- Standard Bank Instant Money: Instant
- OTT eWallet: Instant
10bet South Africa
10bet found its feet in Europe before arriving on South Africa’s shores. But despite their inexperience in the African market, they have quickly caught on to how punters in Mzansi prefer to get paid by bookmakers!
- CallPay Instant EFT: 1-2 business days
- Ozow Instant EFT: 1-2 business days
- FNB eWallet: Instant
- Standard Bank Instant Money: Instant
How Best to Get Your Winnings
No one wants the joy of winning ruined by a long waiting period to get their money or withdrawal methods which are not convenient. So when choosing where to bet online in South Africa, there’s more to consider than just the odds. We recommend using the information provided here to see which withdrawal options are available before deciding where to invest your hard-earned money. Your next step should be to weigh up your options with your personal preferences and make an informed decision based on convenience, speed and security!
Withdrawal Resources
Looking for help on how withdrawals work on various betting sites or how to fix any withdrawal problems you might be experiencing? Check the links below for more information:
- How to Withdraw from Betway
- FNB eWallet Withdrawals From Betway and Hollywoodbets
- 10Bet Deposit & Withdrawal Banking Guide
- Hollywoodbets Cash Send Withdrawals
- How to Fix Hollywoodbets Withdrawal Problems in South Africa
Over 15 years of experience in the sports and casino betting industry. I cover everything from casino games, crash games, slots and betting tips. Now Author for The Gambler.
