SiD Instant EFT 

Banking Review for S.A Players

 

There’s no denying that South Africa is evolving, and with it so are it’s consumers needs. Instantaneous gratification is growing amongst people as they become more exposed to the world thanks to globalisation and technology. Greater accessibility, faster processing times, and of course simpler methods of doing things are now mandatory for any modern day consumer.

One way that technology has been required to address changing consumer demands is through the ways that business and consumers buy, sell and trade. With South Africa historically being a very heavily retail based, cash dominant market, a very unique solution was required that would ultimately assist businesses and consumers looking to trade online with a safe, low cost and simple solution.

In 2007 Setcom put their 20+ entrepreneurial years to work, they identified the need for such a payment solution in South Africa and went about designing, making and introducing the SiD Secure EFT (EFT stands for Electronic Funds Transfer) to the market. SiD would become a revolutionary new payment solution to the South African market that would provide exactly what consumers and businesses required, a simple, intuitive and user-friendly payment product that allowed it’s users to receive payments effortlessly online. 

Since its inception, SiD Secure EFT’s become instantly popular to consumers and businesses alike in South Africa thanks to the fact that it requires no credit cards, no sign-up for consumers, clearance of funds is instant, and most importantly because of the nature of the payment process it remains incredibly safe to transact with online.

We’ve scoured the net to find and list the top rated online casinos accepting SiD Secure EFT payments for you:

1
4.5 / 5
TOTAL SCORE

R8,888 1st Deposit Bonus Package

PLAY! PLAY!
Terms and conditions apply.
2
4.5 / 5
TOTAL SCORE

100% First Deposit Bonus up to R2,500

PLAY! PLAY!
Terms and conditions apply.
3
5 / 5
TOTAL SCORE

R350 No Deposit Required Free Bonus

PLAY! PLAY!
Terms and conditions apply.
4
4.1 / 5
TOTAL SCORE

R37,500 Welcome Bonus Package

PLAY! PLAY!
Terms and conditions apply.
5
4.8 / 5
TOTAL SCORE

Up to R12,000 Welcome Deposit Bonus Package

PLAY! PLAY!
Terms and conditions apply.

What is SiD Instant EFT?

The innovative SiD payment solution was the first of its kind to emerge in South Africa and remains the leading EFT processor in the country. SiD Instant EFT, is a secure payment method that allows its users to make quick, instant online payments through the use of internet banking, the benefit to this solution is that it requires no credit cards.

SiD Secure EFT relies on its extensive security features to conduct and monitor the instantaneous transfer of money from one users bank account into another, the process is completely computer based and independently monitored and verified by leading privacy & security specialists, making this solution one of the safest payment methods for South African players to use  online.

South African players will be able to make deposits into the casino of their choice using South African Rands (ZAR), so there is no need for any costly currency conversions, and better yet, SiD comes with no hidden transaction costs for players. The only requirement is a registered bank account with one of the major banks within South Africa, these currently include (ABSA, Nedbank, Standard Bank, Investec, Capitec, FNB).

Why use SiD Instant EFT?

Apart from SiD Secure EFT being widely recognised and accepted around the world by top online casinos making it extremely accessible to you as a player, SiD was also created specifically with the South African consumer in mind, for a player this means that you can deposit and withdrawal without hassle using South African ZAR, a major plus for anyone looking to eliminate those costly currency conversions.

We know that the last thing any player wants is lengthy registration processes or hidden transaction fee’s, because of the way SiD was designed, players can utilise it knowing that they wont be required to make use of their credit card, or required to undergo any form of registration. Besides being extremely easy to use, with SiD there is also no transaction fee’s incurred to the player/consumer, so you can play with peace of mind knowing that what you deposit or withdrawal will remain as you budgeted.

Advantages to using SiD Instant EFT:

  • No Credit Card needed – with SiD all you need is a registered bank account
  • No player registration – Only the merchant involved is required to register with SiD, players do not need to register
  • No hidden transaction fee’s – Players are able to use SiD free of charge, all transaction fee’s fall with the casino
  • Bank level security – Because SiD payments are processed through your internet banking, all bank level authentications and security measure will apply
  • Compatible from any device – SiD payments can be conducted from mobile or PC
  • Easy payment process – SiD pre-populates the transaction details on your once-off payment page, making payment quick and easy.
  • Instant payment processing – Once the transaction is complete the casino will receive your deposit instantly
  • 100% trusted and Certified – SiD is independently monitored and verified by leading privacy & security specialists

How to use SiD?

The beauty behind this method is that it is super simple to use, we’ve compiled a check list of how you can make use of this super easy to use payment method:

Things to consider before using SiD Instant EFT:

  1.  Find out if the casino you play at has SiD EFT as a payment solution – the first thing you want to do is make sure that the casino you are playing with actually has SiD as a payment method
  2. Check to see if your bank is listed as a SiD partner – You will be happy to know that SiD has already partnered with 6 of South Africa’s most popular banks, so you are most likely covered on this front

How to make a SiD Instant EFT payment:

  1. Visit either the cashier or deposit section on the casino site
  2. Select SiD as your payment/withdrawal method
  3. Select the bank you’d like to transfer funds from
  4. Once you’ve selected your bank you will be prompted to log into your internet banking – make sure to have your internet banking username and password on hand for this
  5. Once you’re logged into your internet banking you will then see a list of your accounts, select the account you wish to transact from
  6. Your bank will send you an OTP (one time pin) or push sms via your mobile phone, this is to verify that you are in fact authorising the payment yourself
  7. Once you have authorised the payment you will get a notification confirming that the process is complete

Our verdict

As players ourselves here at Slotszar we know that when it comes to playing online there are key criteria that we cannot go without, apart from safety we want a payment method that is easy and convenient to use, we want something that is low cost, and something that is instant so that we can start playing online as soon as possible.

The reason why SiD has become so popular is because it addresses each one of these key criteria to ensure that your online journey is of the highest standard. As a solution they have made it as easy as possible by removing the need for a credit card and any form of registration for players, all transaction costs have been placed on the merchant eliminating unwanted fees, and safety is of the highest degree thanks to the inclusion of bank level security features.

The entire experience of using SiD Secure EFT has been made to suit your needs as a player, and because of this it gets the highest ratings from our experts.

SiD Instant EFT FAQ's