Ozow is a safe and secure instant EFT provider that can be used at leading South African casinos. Formerly known as i-Pay, Ozow is currently one of the most popular payment methods online. While it’s quicker than traditional transfers, it remains trustworthy.
What’s more, Ozow is a local brand founded in 2014 by three South Africans; Thomas Pays, Mitchell Adams and Lyle Eckstein.
To date, it remains trusted by leading online casinos and sports betting sites since there is a relatively small risk of identity theft associated with this payment method. New to Ozow? Find out how it works below and how to pay with it!
Best Ozow Casinos for 2021
How Does Ozow Work?
The Ozow process is an easy one, and it only requires three steps for customers from all major South African banks to deposit money in just a few seconds. All you have to do is simply login to your casino site, select Ozow, then the amount you wish to deposit and access your internet banking profile. From there, your funds will be directly transferred from your bank account to the casino.
The low transaction fee, high levels of privacy and security made this payment method more affordable for everyone when using it. Your banking information isn’t stored, so you don’t need to worry about third parties accessing your bank accounts. With instant processing, there’s no waiting around for your funds to clear either.
Ozow does not require credit cards, there is no complicated registration process, and you always know what’s going on because you get instant notifications.
How to Pay with Ozow Instant EFT
With a South African bank account, you can make Ozow casino deposits fast and easily.
When depositing funds to betting sites using this payment option, you will be required to sign in to your online banking account and confirm the transaction. The verification can be via a one-time password (OTP) or a prompt on your mobile app, depending on the bank you are using.
Ozow on Capitec is available only through the ‘Capitec by Ozow’ option, not just ‘Ozow’ as with other banks. The process from there works the same.
- Simply choose how much you wish to deposit.
- Click ‘proceed,’
- Fill in your account number or username and your online banking pin,
- Confirm the transaction from your banking app.
- Your funds will be loaded.
To deposit from FNB with Ozow, you simply need to select ‘Ozow’ as your preferred banking method on your casino site.
- Select how much you wish to deposit,
- then ‘proceed,’
- Enter your banking username and password to access your online banking
- Your app will prompt you to approve the transaction – usually a two-step verification.
- Your cash will be loaded instantly.
Ozow Standard Bank
Standard Bank approves transactions using an OTP, unlike some other banks. You will follow the same steps as above; then, an OTP will be sent to the mobile number you registered with your bank. You will still need to enter the cell number and OTP as prompted. Sometimes, you’ll need to provide two OTPs before your deposit is made.
Ozow only charges R1.20 for each transaction you make at a casino and betting site. There are also no hidden or additional costs associated with the payment option.
At most, the minimum deposit you can make at the casino with Ozow is R10, while the maximum deposit is R1 million on a single transaction.
Ozow vs Payfast
Ozow and Payfast are both instant EFT methods, and very great ones at that. Both deposit options require a small fee for transactions. While Ozow is very common to online casinos and sports betting sites, Payfast is popular in online stores. Payfast integrates up to 8 payment methods, including credit cards and Mobicred.
Benefits Using Ozow at Online Casinos
Many advantages come with using Ozow at online casinos, and below are some of them:
- Highest level of security
- Swift payments at your fingertips
- No registrations or sharing card information
- No hidden or extra fees
Ozow Payment Gateway: Drawbacks
The only minor inconvenience for Ozow is if your bank does not support it. But, this is very rare since all major banks in South Africa accept it. This also proves the trustworthiness of the banking method, so you can feel assured to use it.
FAQs about Ozow Payments
What is Ozow payment?
An Ozow payment is a transaction made using the Ozow instant EFT payment method.
Is Ozow a payment gateway?
Ozow is licensed as a Systems Operator and a Third-Party Payments Provider with the Payments Association of South Africa. The provider abides by PCI-DSS Level 1 processes and is also PCI-certified, but they don’t process credit cards.
Is Ozow safe to use?
Absolutely! Ozow provides the most security possible when you make payments online using a Thawte EV SSL encryption certificate, which encrypts all communication between you and the betting site.
Does Ozow support Capitec?
Yes, Ozow does support Capitec but only via the “Capitec by Ozow” option.
How much does instant EFT cost?
Typically, an instant EFT with Ozow costs R1.20.
Does Ozow use screen scraping?
No. On their website, Ozow indicates that they do not support screen scraping. The company CEO, Thomas Pays, also added that their instant EFT is no less secure than any other payment option.
Ozow adds an additional layer of protection between you and the online casino as far as gambling is concerned. This provides an instant and safe way to fund your online casino account.
Can you withdraw money at a casino using Ozow?
No, Ozow can only be used for deposits at gambling sites.
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