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PalaceBet Deposit and Withdrawal Guide | How to Top Up Your Account + Get Your Winnings

Kindly note that Palacebet has officially closed it's doors and is no longer in operation. We recommend you check out alternative betting sites like Jackpot City, Betway or Easybet instead. You can read more on the Palacebet closure here.

PalaceBet haven't been around for as long as some of their counterparts, but in a short space of time, they've made an indelible mark on the world of online betting in South Africa.

With products like Sports, Horse Racing, Casino and Lucky Numbers, punters of every kind can always find a decent range of games available to play on the site at competitive odds.

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But here we won't focus on PalaceBet games, but instead, tell you about the various deposit and withdrawal methods you can use to top up and get your winnings from your PalaceBet online account.

Palace deposit methods

Before making a deposit, you must register with PalaceBet and wait for your ID to be verified. The ID number you provided during sign-up will be used, so you won't need to submit any FICA documents just yet. However, only once this pre-verification process is complete can you deposit and start betting. 

There are currently 3 PalaceBet deposit methods available:

💰 Visa debit/credit card 

💰 Mastercard debit/credit card

💰 OTT Voucher

💰 1Voucher

💰 Instant EFT

💰 Zapper

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PalaceBet vouchers

PalaceBet accepts 1Voucher and OTT Voucher as a deposit method for customers, which gives punters more choice when it comes to topping up their betting accounts. Once you redeem your voucher, the funds will be instantly available for betting on all your favourite games. Minimum deposit is R25.

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You can purchase OTT Voucher at  Boxer, Builders Warehouse, Cambridge Food, Makro, Game, Rhino, Just Right Communications, Cellair, Caltex Fresh Stop, PAV Telecoms, GloCell, R&A Cellular, A2 pay and Kazang Connect. Click here to find your nearest seller or buy OTT Voucher online.

1Vouchers is available to buy at retailers such as Pep, Flash, Shoprite, Checkers, Ackermans, OK, House and Home and more.

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How to deposit on PalaceBet

1️⃣ Register and log in to your PalaceBet account.

2️⃣ Click the account profile button in the top right of your screen (head and shoulders icon).

3️⃣ Select the green "Deposit" button.

4️⃣ Choose your preferred deposit method.

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5️⃣ Enter the amount you wish to deposit in the box provided. 

6️⃣ Click "Deposit" at the bottom of the page to continue.

7️⃣ Follow the on-screen instructions to complete your PalaceBet deposit.

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PalaceBet minimum deposit

R50 is the Palacebet minimum deposit for debit/credit cards and Instant EFT. For PalaceBet vouchers, the minimum deposit is R25 and you must wager the full amount before requesting a withdrawal.  

PalaceBet FICA

There are two stages to the player verification process at PalaceBet which can be quite a hassle for new players. After registration, you'll need to wait for your account to be activated for deposits, which can take up to 24 hours. 

Then to make a withdrawal, you must upload your FICA documents (copy of ID, proof of residence and proof of bank account) for verification.

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Here's how to FICA your PalaceBet account to make withdrawals.

PalaceBet withdrawals

Once your PalaceBet account has been FICA verified, you can withdraw your winnings via EFT. PalaceBet withdrawals can take up to 5 business days to reflect in your bank account.

Part of the FICA process is submitting a recent bank statement for "proof of banking" which can submit via email or upload online.  

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How to make a PalaceBet withdrawal:

1️⃣ Register and log in to your PalaceBet account.

2️⃣ Click the account profile button in the top right of your screen (head and shoulders icon).

3️⃣ Select "Withdraw" from the menu. (Make sure you have sent a copy of your bank statement for FICA).

5️⃣ Enter the amount you wish to withdraw in the box provided. 

6️⃣ Confirm your bank details and continue.

7️⃣ Follow the on-screen instructions to complete your PalaceBet withdrawal.

Bookie Offer Summary Key Features

3 Deposits, R3000 in bonuses & 300 FREE SPINS

The best site hands-down to bet on live sports in South Africa. Sportingbet offers a huge variety of markets and enticing promotions.

  • 3 Deposit Bonuses and 300 Free Spins
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  • Best Platform for Live Sports Betting in SA
  • Regular Sports and Casino Promotions
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PalaceBet Live Games

PalaceBet has an incredible selection of Live Games from software providers like Evolution and BetGames TV. Play multiple variations of Roulette, Blackjack and other card games, as well as dice, lucky draws and fully interactive Game Shows like Mega Ball and Cash or Crash

Read more about PalaceBet Live Games.

PalaceBet contact details

You can contact PalaceBet to enquire about a failed deposit or find out how much longer your withdrawal will take. Use the contact details below to reach them:

Tel: 0860 725 223

Live chat is also available from the homepage (click the speech bubble in the bottom right corner)

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For more about online sports betting, casino games and lotteries in South Africa, visit the Betting Guide homepage to find bookmaker reviews, promotions, betting tips and more.

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