Nobody likes waiting for a withdrawal. It's frustrating to endure lengthy processing times. This may be a significant concern for many players and potentially influence their decision to continue using a platform. While some players may tolerate longer processing times, others expect prompt action when requesting a withdrawal.
Let's assess the betting sites we list and their payment processing times. We'll also address common questions on withdrawal methods, speeds, and account verification.
What are the average withdrawal processing times for South African betting sites?
The average payment speed varies significantly. Some betting sites process withdrawals within an hour, while others may take up to 24 hours.Which bookmakers or betting sites in South Africa offer the fastest payouts?
At iBets, we vet the bookmakers we endorse, ensuring that their payment time claims are accurate. The table below showcases the fastest-paying bookmakers based on our experience. Please note that some bookmakers have cutoff times for payments, while others may not process payments on weekends. The table is designed to help you understand the process.Rank | Bookmaker | Average EFT Speed | Average eWallet Speed | W/End Payouts | Cutoff |
|---|---|---|---|---|---|
| 1 | 10Bet SA | 1 Hour | 1 Hour | Yes | 21h00 |
| 2 | Tic Tac Bets | 1 Hour | 1 Hour (24/7) | Yes | 20h00 |
| 3 | Playa Bets | 1 Hour | 1 Hour (24/7) | Yes | 19h00 |
| 4 | Lulabet | 5 Hours | 5 Hours | No | 14h00 |
| 5 | Yesplay | 8 Hours | 8 Hours | No | 16h00 |
| 6 | Gold Rush | 8 Hours | 8 Hours | Yes | 16h00 |
| 7 | BetShezi | 12 Hours | 12 Hours | No | 16h00 |
| 8 | Easybet | 24 Hours | 24 Hours | Yes | 12h00 |
What withdrawal methods are offered by betting sites?
South African betting sites provide a variety of options for withdrawing money, including EFT (Electronic Funds Transfer), e-wallets, shopping vouchers, and even airtime withdrawals. This can vary between bookmakers. Please check the cashier section for available options.Which South African Banks support EFT Withdrawals from betting sites?
Most major South African banks are supported by local betting sites, but smaller banks may not be supported. For instance, at 10Bet, the following banks are supported for EFT withdrawals:- Absa
- Nedbank
- FNB (First National Bank)
- Capitec
- Standard Bank
- Investec Bank
- African Bank
- Bidvest Bank
- Discovery Bank
- Grindrod Bank
- HSBC Bank
- Mercantile Bank
- Old Mutual Bank
- Sasfin Bank
- Standard Chartered Bank
- SA Post Bank
- Tyme Bank
- UBank
Which e-wallet services are available at local betting sites?
Generally, there are four major e-wallet services available: Absa Cashsend, FNB eWallet, Standard Bank Instant Money, and Nedbank iMali. The most widely used methods among South African bookmakers are FNB eWallet and Standard Bank Instant Money.Which withdrawal method is the quickest?
EFT payments can be as fast as e-wallets or vouchers. Payment speeds are typically similar across all methods.What are the withdrawal limits for EFT and e-wallets?
EFT is highly recommended for withdrawing large sums. Most bookmakers support single EFT payments of up to R1,000,000. For balances exceeding this limit, you can submit multiple withdrawal requests.E-wallets typically allow maximum limits ranging from R1,000 to R3,000 per transaction. There may also be daily and monthly caps on the total amount you can withdraw. Additionally, e-wallet withdrawals may incur ATM fees, usually ranging from R7 to R10.50 per transaction.
Do any withdrawal methods offer 24/7 processing?
Yes, this varies depending on the bookmaker. EFTs are typically not processed 24/7. However, we know that e-wallet withdrawals are processed around the clock by bookmakers such as Tic Tac Bets and Playa Bets.Is it possible to withdraw money without submitting documents?
No, it is not possible. This violates the bookmaker's licensing conditions, which require them to verify your identity before processing any withdrawals.What documents are required for withdrawing money?
According to South African law, you must verify your identity to withdraw money from any licensed bookmaker. This requires submitting a copy of your Identity Document or Passport, along with a bank statement to confirm your residential address and banking details.What is the expected timeframe for document verification?
The verification process varies across different betting sites. Some sites can verify your documents within an hour of submission, while others may take up to 48 hours. It's advisable to contact Live Help or the FICA Support team to confirm the status of your documents. Certain betting sites may offer immediate assistance to ensure your verification is approved promptly. Alternatively, some sites may delay verification until your first withdrawal request is made.I've submitted all the required documents, but my withdrawal hasn't been processed yet.
Have you verified the status of your documents to ensure they were approved? If not, please go to your account and verify that none of the documents submitted were of poor quality (such as blurry images) and that the address matches the document you provided for verification during account creation.I haven't received my withdrawal yet. What steps should I take?
We recommend reaching out to the bookmaker's support team via email, live chat, or telephone to determine the cause of the delay. Delays can occur for various reasons, such as unapproved documents or the bookmaker not processing withdrawals over weekends. Additionally, your bank might be causing the delay, as it is not uncommon for banks to experience occasional downtime.What steps can I take to avoid delays with my withdrawal?
- Submit your documents before you begin playing.
- Contact support to verify if your documents have been approved.
- Confirm if the betting site processes withdrawals after hours on weekdays.
- Verify if the betting site processes payments over weekends.
- Ensure there are no technical issues with your bank.
