What payment methods are preferred by gamblers in Australia?
As good as playing the odd game of online solitaire is, it can get very old very quickly. With the extensive collection of new Australian online casinos, you never have to spend time playing boring stock games on your phone, computers or laptops anymore. To be able to safely do so, while ensuring you have the best possible time to keep you coming back for me, you need to make sure to understand the different payment methods that exist to make life easier for you when playing on an online casino.
While the rest of the world has a regulated system when it comes to online gambling, Australian punters don’t have as many options to choose from. Although certain popular eWallets aren’t available in new online Australian casinos, players do have a few choices they can go with.
The preferred to fund a gambling account is to go with a credit or debit cards as these are the most common and easiest methods of making everyday payments. This familiarity also comes with safety, security and ease of use.
There are occasions when credit and debit cards may not be ideal, such as some casinos might not provide direct withdrawal to a player’s bank account. There are ways around this issue, such as completing bank transfers using Neosurf or opting to get paid in cryptocurrency such as Bitcoin and Bitcoin Cash.
To help you out, we’ve gone and done our own research to make a list of the best and easiest payment methods available in the Australian online market as of today. Without further ado, let us take a view of some of the preferred payment methods for Australian online casinos.
Credit and Debit Cards 💳
For Australian players, using their credit and debit cards happen to be the most common way to make deposits and withdrawals. Using this method eliminates the need to create another account with a different payment method. All you are required to do is put in your bank details and select a deposit amount.
Using credit and debit cards as payment methods in Australian casinos also come with safety and security. You also have the peace of mind knowing every single casino accepts card payments. Unlike some payment methods, this doesn’t require a hefty transaction fee and you can deposit as much as you like without any restrictions.
The different cards Australian players can use for payment methods on online casinos are the following – MasterCard, Visa and American Express.
MasterCard is a well-known banking payment method used worldwide. A leader in the market, the company is always looking for innovative ways to improve the products they have on offer for their customers all around the globe.
Mastercard’s can either be credit or debit cards, which come with their own advantages and disadvantages. These cards are issued and accepted by most banking institutions in Australia including Bankwest, Bendigo Bank, CommBank, ME, Westpac and ANZ.
When registering and creating an account on our casino profile to be able to make deposits, players will need to have their essential banking details with them. Before you enter in your Mastercard details, however, make sure to find out from your bank if they allow to process transactions from new online casinos. No matter how unlikely, there is always a possibility that your bank may not let you get withdrawals into your account.
Mastercard advantages are its safety, security, support of multiple currencies and it also provides its customers with discounts and free bonuses. However, when using a credit card, you always need to be aware of the fact that you are using borrowed money.
When using your Mastercard as your payment method to deposit money into your online casino account simply log on to the casino website and navigate to the cashier section. When prompted, enter your cards number, expiry and CVV. Next, enter the amount you want to deposit along with a one-time password to authenticate the transfer. Once the payment has been confirmed, you will have the money ready to go in your casino account.
Visa and American Express both have similar use cases as Mastercard when it comes to using it as a payment method for new Australian online casinos.
Another online payment method is to use a prepaid voucher system where you are required to provide a pin to transfer money or make deposits. This is an excellent choice as users aren’t required to set up dedicated accounts before depositing money.
Neosurf is a prepaid voucher system that is a perfect alternative to the widely popular Paysafecard prepaid voucher, which has now been banned from the Australian online casino market.
To find a location to purchase a Neosurf card, simply jump on the Neosurf website and use its location finder feature. This feature finds you the nearest place to buy a card using your country and address.
To use the card to make a deposit into your casino account, enter the 10-character code in the allocated field. Put in the amount you would like to deposit, and press enter. Neosurf vouchers are available for up to AUD200. You can also down the Neosurf app for your iOS or Android mobile device.
Online users love the anonymity and flexibility that eWallet provide its customers and users. Therefore, it is a popular choice for online gamblers worldwide.
Since any eWallet options are not as abundant as in other countries around to act as a payment method for online Australian casinos, it is excellent news to know that Upaycard exists as a great alternative.
The card offers to forms of services for payments. One is a virtual pay method and the other is a physical credit card. You can either of these methods to deposit and withdraw money from all online Australian casinos. Plus, you can also use the physical cards to withdraw cash via an ATM.
The benefits of using Upaycard for Australians is that the transactions are incredibly fast, secure and easy to carry out. The transaction fees are very affordable, and the card supports multiple currencies making it usable anywhere in the world. Plus, you can also transfer money into other accounts from your Upaycard account.
One of the most popular banking systems of today is the use of cryptocurrency for online payment methods. The speed, privacy and efficiency provided by this method is unmatched and makes it a highly used and popular way for depositing and withdrawing money with. The most accepted cryptocurrencies used by online Australian casinos are Bitcoin, Litecoin, Ethereum and Dogecoin.
Bitcoin, the original cryptocurrency, was formed back in 2009 and has been adopted as a legitimate payment method throughout several industries including the online gambling community. Due to its decentralized and unregulated nature, it is a popular choice of payment method for online Aussie gamblers.
To use Bitcoin as your payment method, simply log in to your online gambling site and navigate to the cashier page. There, you have to choose your cryptocurrency as your deposit method. Next, log in to your crypto wallet and choose the amount of coins you would like to deposit. Enter the required information and the transfer occurs instantly.
Withdrawals are just as simple as deposits. When the winnings get to your crypto wallet, you can choose to transfer it as cash in your bank account or let it sit in your wallet and use it as an investment.
Bank Wire Transfer
Direct bank wire transfers are also a popular payment method for online Australian casino players. This method is the act of transferring cash for a deposit directly from your bank account into your gambling site account.
You can complete this transfer of funds from one account to the other in two ways. First is to log in to your online banking account and do the transfer of funds yourself or the second option is to visit a physical bank and get them to initiate the transfer.
The good thing about a direct bank transfer is that this method is fast, safe and reliable. Plus, you do not need a credit card to use this method. However, processing a bank wire transfer takes time, withdrawal takes a while and bank wires have high fees attached to each transaction.
To use a bank wire to transfer funds into your online casino account, you simply have to navigate to the cashier page of your casino site and type in the amount you want to deposit. The website provides you with all the information you need to enter into your banking app or give the bank teller. When the transfer is initiated, the money will come to your account shortly.
Cash winnings can be withdrawn into your bank account directly as well. However, these take much longer than deposits. In the worst case scenario, you could be waiting up to 2 weeks before you see the money in your bank account.
How to deposit money into your online casino account using a credit or debit card?
When using your credit or debit card to deposit money into your online casino account, simply log on to the casino website and navigate to the cashier section. When prompted, enter your cards number, expiry and CVV. Next, enter the amount you want to deposit along with a one-time password to authenticate the transfer. Once the payment has been confirmed, you will have the money ready to go in your casino account.
Can you withdraw money into your debit or credit card from an online casino site?
Credit or debit card withdrawals are possible, however, they can take a bit longer than other methods. This is due to casinos needs time to verify your personal details. You may need identifying documentation. The whole process may take up to 5 business days. You may also be required to pay a transfer fee.
What the lowest fee payment methods for online casino?
Using a bank card to deposit or withdraw your winnings will incur the lowest fees as most banks don’t charge transaction fees. However, you may get charged a maintenance fee every now and then, therefore it is vital to check with your bank to see what fees you may be paying.
What is the fast way to withdraw money from online casinos?
The fast way to withdraw money is to use your eWallet to carry out withdrawals of your winnings. These can take anywhere from 24 hours to be being transferred instantly.
What is the worst payment method to make deposits on online casinos?
The worst payment method for online casinos is using the bank wire transfer method. It has the highest fees per transaction and takes the longest time to process deposits and withdrawals.
Do online casinos accept prepaid credit cards?
Yes, they do. You can choose to use prepaid cred tot debit cards. It is very easy to use prepaid cards. Simply purchase one from an online or physical store and put in the exact amount you want to deposit into your online casino account. The transfer occurs instantly. You can also use Visa, Mastercard, and American Express.