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    About SID Instant EFT

    1998
    Setcom (Pty) Ltd was established

    SID is owned and managed by Setcom who have ample experience in the online payment world with its expertise focused on providing a secure and flexible payment experience.

    2007
    SID Instant EFT was launched

    The goal of SID was to provide players with a secure payment method that works well for real-time online payments. Their aim was to enable people to buy and sell wherever and whenever they want.

    Benefits of SID Instant EFT

    How to Use SID Instant EFT

    SID Instant EFT is supported by many casino sites from all over the world. The process of both depositing and withdrawing funds into the account is very simple and straightforward. Follow the 5 steps below.

    Time Required: 5 minutes  |    Tools Required: Mobile or computer  |    Funds Required: As much as you wish to deposit
    Step 1

    Choose SID

    Choose SID as your preferred payment option from the casino site.

    Step 2

    Internet Banking

    You will be directed to SID’s secure internet banking service.

    Step 3

    Details

    SID will fill up all required payment details.

    Step 4

    Directed Back

    You will then be directed back to the online casino site.

    Step 5

    Payment Confirmation

    You will instantly receive a payment confirmation.

    SID Instant EFT can be linked to one or more bank accounts in order to be able to fund it. When wanting to deposit into you casino account, the funds for the transaction will be automatically drawn from the bank account that you had specified. When using SID for the first time, you will be asked to run the SID application. From then on, you will be able to simply select SID when making a casino payment. The process is very efficient and seamless without the need to provide any personal or bank information. You will also find the funds credited directly into your account without having to provide a proof of payment.

    Depositing and Withdrawing

    Players can directly deposit their funds into the casino accounts via SID. In most cases you will not be asked to provide any information since SID automatically provides all required details.

    Follow the 5 steps below to be able to deposit funds into your casino account:

    1. Choose SID as your preferred payment method.
    2. Select your bank.
    3. The information will be provided by SID.
    4. If more than one bank account is linked to SID, the option to select one will be given.
    5. Insert the one time pin provided by the bank to complete the process.

    After completed this process you will be automatically redirected to the casino site. Usually, the casino will instantly receive a confirmation of payment, therefore you will not need to provide a proof of payment.

    To withdraw your winnings and bonuses, you will usually be required to wait two working days for the funds to appear in your bank account once the request is made. All casinos that support SID Instant EFT will provide the option to use the same payment method for withdrawing funds.

    SID Instant EFT Costs

    SID offers amongst the lowest transaction fees around as well as inexpensive fees for online transactions. Accounts are known to be priced at a reasonable amount per month as well as an initial setup fee. These depend according to your location around the world. The set-up fee is compulsory for the activation of the service. Moreover, there is a nominal 1.5% fee for every transaction. The monthly subscription fees will be billed in advanced, whereas the transaction fees are billed straight after the transaction takes place.

    Safety & Security

    SID offers the same benefits as any other EFT. Players benefit from using an online banking system that they are familiar with that provides accurate and quick payments, as well as controlled spending that prevents users from accruing debt. Moreover, this is a great option for those players who do not have or do not wish to use a credit card. Apart from being a secured internet banking platform, it is also equipped with a track record. Since the very start in 2007, zero breaches were made, making it one of the most trusted payment methods around.

    SID Instant EFT FAQ

    💡 Where can I use SID Instant EFT?

    Unfortunately, SID Instant EFT is only available in South Africa.

    💡 Do I need to register?

    No complicated registration processes are required to use this method. You must simply have an account with on the supported banks prior to depositing.

    💡 Is SID Instant EFT secure?

    Absolutely! SID uses advanced security features and it does not store any of your personal and bank information.

    About the author
    author
    Sarah Mae BezzinalinkedinContributor

    With years of experience in the gambling industry, Sarah is knowledgeable in the field of the casino world. She is responsible for most of the content that is written on MrCasinova and her main goal is to provide casino players with the best information and recommendations to help users enhance their experience. Recently, Sarah graduated with a Professional Diploma in Digital Marketing.

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