ZAR Online Casinos

What does it mean if an online casino accepts ZAR?

During the start of the online casino boom it was of course the most recognised currencies that took center stage, i.e. the American US dollar, the British Pound and of course the Euro, this was simply because most players at that time where from those locations. However as time has gone by and more countries have found the enjoyment of online casinos, many casinos have made available numerous currencies to suit players from all over the world.

One of these currencies that is now widely accepted is the South African Rand (ZAR). A casino that accepts ZAR essentially means that players from South Africa can now play, withdrawal and deposit using their South African Rands, its also more user friendly for players from South Africa as all bonuses, promotions etc will all be listed and available in ZAR as well.

Why Play At ZAR Friendly Casinos?

If you are new to online gambling then you would of not experienced this, which is good news for you by the way, for existing players though there is bound to be more than one occasion where you have found yourself undertaking time consuming currency conversions, most likely from your local currency Rands to US Dollar or Euro’s in order for you to start playing with one of your favourite online casinos.

There is no denying that there are numerous benefits when playing with a casino that deals in a foreign currency such as the US Dollar, however for South African players there are also several disadvantages to this.

Disadvantages of playing at a casino that doesn’t accept ZAR

1. If your currency (ZAR) had a weaker exchange rate to the currency you are converting to, say the US Dollar, then you’d essentially be getting less to play with than what you actually have, i.e. R100 South African Rand would only give you $6 US Dollars to play with.

2. The second thing is that in order for you to actually deposit your South African ZAR into a US Dollar or British Pound based casino you would need to make use of a 3rd party exchange service, such as Neteller, the only downside to this is of course you have to pay an admin or exchange fee, this can range from $1 – $3 depending on the amount.

3. All bonuses, promotions and dealings are in the currency of the casinos choice, which means that you would need to first calculate various exchanges rates in order for you to know what the value is in South African Rands (ZAR)

The Pros And Cons Of  Playing In Rands

The Pro’s:

1. Eliminates exchange rate calculations – the bonus listed on the site, your winnings, deposits and so much more are all already in South African Rands (ZAR), which means you no longer need to convert in order to find out what the ZAR value may be.
2. You’ll save money on admin fee’s – because the casino you are playing at accepts ZAR’s you no longer need to use a 3rd party exchange service such as Neteller to help you convert your South African Rands to US dollars or even Euro’s. This means you save on conversion and admin fee’s.
3. More bang for your buck – what you deposit in South African Rands is what you will have to play with, so your R100 is R100.
4. Budgeting ease – When it comes to working out the value of your South African Rands you have to play with, or even the various promotions in foreign currencies you’d like to pursue, because this is now in Rands it makes budgeting and key decision making that much simpler.

The Con’s:

 

1. Limited Withdrawal or deposit methods – Because the South African market is slightly smaller than some of the other European or American audiences you may find that you have less deposit and withdrawal methods to select from, this is simply done to ensure that these casinos that accept ZAR only provide the best and most utilised methods, no need for unnecessary variety right?
2. What you win is what you win – Many players have strategically used the exchange rate to help push up their take home earnings in South African Rands, especially when in a market that exhibits a poorer exchange rate to the one you are using to play with online i.e. the US dollar to Rand where $6 will give you roughly R100 at today’s rate. The only possible downside now that you are playing at a casino that accepts ZAR is that what you earn online is what you will take home, it’s an exact 1:1.

Deposit & Withdrawal methods for ZAR accepting Casinos

You will be pleased to know that the number of deposit and withdrawal methods for ZAR accepting casinos has increased tenfold over the last few years. What started out as just a handful of options with the likes of Visa/Mastercard credit cards, SID instant EFT and bank Wire transfer, has now grown to include some advanced payment methods that make depositing and withdrawal that much easier for South African Players.

Some of the newer deposit and withdrawal methods available for South African players include:

• Skrill
• EcoPayz
• Neteller
• Easy EFT
• Bitcoin

Just a side note, make sure that you carefully review each option to understand what the admin fee’s may be, particularly with Bitcoin and Neteller.