South African Rand Online casinos
The igaming and online gambling scene in South Africa is drastically changing towards the better as the government looks for more government revenue and revolutionizes technology. ZAR currency is used both locally and internationally in terms of Zimbabwe and Zambia in Africa and some countries in Europe. Before 1994, online gambling was illegal and highly restricted to only horse racing, but it was believed that there were over 2000 illegal casinos. In 1996, when the new government was elected into office, it tabled the National gambling Act. The act put in place a single national lottery and also allowed licensing of online casinos.
With the online casinos providing 23% of the total 86.2% of the gambling revenue in South Africa, the South African Rand has seen increased usage in online casinos. During the colonization of South Africa by the British, the main currency used was the British pound. In 1956, a commission was set up that sought to adopt "RAND" as the new currency. The Rand introduced in 1961, but it underwent a rough patch between 1982 to 1985. This led to the suspension of foreign exchange transactions for three days in 1985 to limit the devaluation and inflation. Most local online casino players prefer using the local currency to avoid the transaction fees associated with the currency exchange.
Features of ZAR Gambling.
Online gambling in South Africa is widespread with both local and offshore online casinos. Gambling using South African Rand has some advantages for the players who use the local currency. The main advantage is that using the local currency to deposit into online casinos is free of charge in almost all the payment options in South Africa. The other benefit is that most of the local licensed casinos offer and give their bonuses in ZAR currency; hence you don't have to waste your time converting it into the local currency. Many payment options are accepted by the top online casinos, both locally and foreign ones.
The downside of using ZAR currency in online casinos is that most of the top international online casinos do not offer and give their bonuses and winnings in the form of South African Rand. These leads to additional charges while converting to the local currency. The other disadvantage is that every winning in a licensed online casino is subjected to tax by the government.
Make Deposit with South African Rand
Depositing into online casinos using ZAR currency is quick and easy as you can use your mobile money transfer, bank cards, and even e-wallets. These payment options also offer 24-hour reliable support in case of any problems or questions. The payment options include:
Skrill - with access and usage in over 200 countries across the world, Skrill is well-established in South Africa. Skrill accepts and transacts over 20 currencies across the globe with ZAR one of them. Almost all the local and foreign online casinos accept the Skrill payment option. It is believed that nearly 20% of the South African online casino players use Skrill for both depositing and withdrawing.
EasyEFT- This is the most used payment option among the South African players' community. The electronic fund transfer provides the player with total secrecy and anonymity, ease of usage, and no transaction fees. All the South African licensed online casinos accept the EasyEFT as a payment and withdrawal method.
UPayCard - this is a new entrant into the e-wallet platform. It is gaining more and more South African players due to the high tech security features and encryption technologies. It is quite popular for shielding the banking details of the players from the online casino providers and any other third parties.
The other popular payment option that accepts the ZAR is the market-proven Neteller. EcoPayz is also available for the South African players as it has extremely low transaction fees and more than five funding ways.
Making online casino deposits with ZAR
After having known the best and most suitable online casino payment option, below is a step-by-step guide on how to go about depositing ZAR in the accepted online casino.
- ?You first have to find the best online casino that accepts the South African Rand as a currency. You will also want to find an online casino that offers bonuses in ZAR currency and pays their winnings through the South African Rand.
- ?After identifying an online casino that meets your desires and needs, go ahead and create an account and verify it.
- ?Log in to your registered account and go to the banking or payment page. Click on the payment option that you chose and enter your financial details. Enter the amount you wish to deposit and confirm the transaction through a prompt or a secret code. It is worth noting that some of these payment options might take up to 72 hours before the transaction is reflected in your casino wallet.