Best PayFlex Casino Sites in 2022
Since the inception of the online gambling industry, we've been blessed with plenty of online payment methods. Believe it or not, PayFlex is one of them. While it doesn't explicitly allow for gambling expenses, there are provisions that you can use to pay for a deposit.
This guide is designed for PayFlex online casinos. We're going to list the best casino brands that accept PayFlex payments. We'll also cover how you can deposit and withdraw using your card.
Online Casinos That Accept PayFlex
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Story Behind PayFlex
PayFlex is essentially a Buy Now Pay Later (BNPL) payment method. It came into operation back in 2017. The founders realized South Africans needed a more convenient way to pay for things. And there's nothing better than allowing the consumers to buy something instantly and letting them pay in instalments.
The founders also did intense market research and took inspiration from Afterpay, Zip, Klarna, etc., services. None of these options is available in South Africa, so they had to develop their own.
The result is PayFlex. 2018 marks the year when the prototype was developed and launched in the market to test. 2019 will be written in golden letters in the company's history as it launched the full-fledged service with Superbalist, the largest fashion merchant in SA. By 2020, PayFlex became a mainstream payment option as more than 200 merchants partnered up.
Currently, the company is working to push the limits and enrol every single merchant in South Africa. It will be a long and bloody (metaphorically, of course) battle, but the early results show intense potential.
How to Deposit Using PayFlex
As the payment method in question uses the "Buy Now Pay Later" modality, it's only normal for you to be confused about how to use it. So, let us help.
As long as you're 18 years old and are a registered citizen of South Africa, you're free to use PayFlex. On top of that, you'll need a Visa, Mastercard, or American Express credit/debit card. How else do you plan to pay for your purchases?
Once you get these things ready, here's how you deposit into PayFlex online casinos within a few minutes.
- If you're shopping with PayFlex, choose whatever you want to buy and add it to your cart. On the checkout page, choose PayFlex as your designated method.
- If you've never used this method for a deposit before, you need to provide your name, email address, and ID number issued by the government to get started. The verification process is done in real-time, so you can complete these steps standing inside the store if you want. But we recommend doing it beforehand, so you don't face any difficulties.
- You need to connect the payment method you want to use to your PayFlex account. For the purchase to go through, you need to pay 25% upfront.
- You get your product as scheduled. You get the entire amount in your account if it's an online casino.
- Then, you need to pay the remainder over six weeks. After two weeks from the purchase date, PayFlex will automatically deduct the amount from your added payment method. If it doesn't work, you have to pay it manually.
PayFlex Deposit Fee
There are no fees! That's the best thing about PayFlex, in our opinion. Most BNPL models charge an additional fee for letting the shoppers delay the payment. PayFlex doesn't.
However, you'll need to pay the default fees if you miss a payment. At the time of writing, it was R65.00. Unless you take care of the payment, R75.00 will be added to the due weekly. It might look counterintuitive to a lot of you. But PayFlex is a business model, and all businesses need a steady flow of money.
On the bright side, the fee is no higher than R225.00. But waiting for that long isn't a good idea from any angle imaginable.
PayFlex Withdrawal Fee
Well, PayFlex is designed with shoppers in mind. So, you can't withdraw money from your online casino account if that's what you're looking for. So, the question of withdrawal fees is redundant in this case. You can use bank transfer casinos for withdrawals.
Fastest Paying PayFlex Casinos in 2022
We not only have included all the major online casinos that accept PayFlex deposits but also gathered the fastest withdrawal casinos. Unfortunately, you can't use the same method for withdrawal. But these fastest online casinos will surely help you mitigate disappointment.
|No.||Online Casino||PayFlex Deposit||PayFlex Cashout|
|3||20 Bet Casino||Yes||N/A|
|5||Dream Vegas Casino||Yes||N/A|
Advantages and Disadvantages of PayFlex
Every online payment method in the world has some benefits and some drawbacks. PayFlex is no different. So, let's go over the ones you can expect to find.
- You only need 25% of the deposit amount upfront
- Six weeks to pay for the rest of the payments
- No additional charges or hidden fees
- Instant verification process
- Works with Visa, Mastercard, and American Express credit cards
- Withdrawals not possible
- Relatively high default fee if you miss a payment
- Not many online casinos accept it yet
Customer Support at PayFlex
For an online casino that accepts PayFlex, you can use the customer support channels on the website. But what if you face a problem with PayFlex itself? You contact support! No matter what service you're taking from whatever company, you should always look into customer support because after-sales matters, even if there is no traditional "sale".
On the PayFlex website, you'll find the live chat button where you find it on any other website. The bottom right corner, we mean. Click on it, enter your name and email address, and type your message. An agent should get back to you very soon.
You can also email firstname.lastname@example.org if you're not in a hurry. The email support is more inclusive and offers long-term solutions for any problems. We're not saying the live chat channel is bad in any way. It's just that you may not find solutions to critical problems immediately.
Payment Methods Similar to PayFlex
The founders of PayFlex themselves agreed that they took inspiration from similar business models abroad. So, let's review some of those businesses and see how they hold up.
Security of PayFlex Online Casinos
Ensuring the safety of PayFlex is surely part of our duty as your well-wisher. But the safety of the PayFlex online casinos matters a lot too. When it comes to online casinos, the most important aspect is the license. That's the first thing we checked for each of the listings on this list.
Then, we need website encryption. Most modern sites are encrypted with an SSL 128-bit key, so that's not that big of an issue. Our team of experts still double-checked for any inconsistencies in the information.
Also, having a clear T&C section is extremely important. We know that most players don't have the patience to go through all the terms. But the operator must have a clear section for that so that we can evaluate it and suggest what's best for you. The PayFlex online casinos you see on this page have user-friendly T&C sections.
License and Address of PayFlex
Every single online payment method has to be registered under the laws of the residing country. It's not only true for South Africa but also for every other country. PayFlex is based in South Africa and is registered under the country's laws.
At the time of writing, PayFlex is part of the Zip Co Group, valued at $1bn in Australia. All of the components of the service are PCI compliant. The company's physical office is located at 126 4th St, Parkmore, Sandton, 2196.
Using PayFlex to Gamble
You might be looking into online casinos if you're not shopping at a retail or online merchant. Or sports betting, perhaps. You'd be glad to know that PayFlex is a valid method to use in the gambling industry.
Although PayFlex was designed for shopping, you technically "shop" at online casinos too. So, it only makes sense that you're allowed to deposit into your casino account using the payment method in question.
However, one of the biggest differences between regular and "shopping" at online casinos is the need for withdrawal. And that's where PayFlex exposes its weakness. You can't use it for a real money withdrawal. So, you'll need to use bank transfers, e-wallets, cryptocurrencies, or any other methods the casino operator offers.
PayFlex Casinos FAQs
Haven't you found what you're looking for yet? Then, check out our answers to the frequently asked questions about PayFlex casinos below.
Can I use PayFlex at online casinos?
You surely can. We've already listed the best PayFlex online casinos in South Africa. All you have to do is pick one and open an account. Just remember that you can only deposit into your casino account.
Is PayFlex free to use to gamble?
All on-board merchants allow you to use PayFlex for free. However, you can't expect it to be free if you miss your scheduled payment date. The default fee starts at R65.00 and can go up to R225.00 weekly!
Which countries accept PayFlex?
At the time of writing, PayFlex is only available in South Africa. But it doesn't mean that the online casino you're playing at should also be located within the country. Plenty of operators accept PayFlex for South African customers.