Banking methods are an important feature when choosing an online casino. Our experts have stepped up and reviewed the main casino deposit options available to Aussies to help you choose the right ones.
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The number of options can be confusing, just like the various possibilities and restrictions that come with each casino banking method. These are the following online casino payment options we’ll cover.
Keep reading to find out more about these popular online casino deposit options in Australia.
The online landscape is everchanging and payment method options are part of that. People want to protect themselves from identity theft and fraud, and although debit cards are still the No.1 method for casino transactions, they do not offer the security and anonymity of e-vouchers and e-wallets, which are gaining more popularity each day. Two of the most popular in Australia are:
More about both of these deposit options is explained below.
Debit cards are, by far, the most popular deposit method at online casinos. They may also be offered as withdrawal methods, though this is far less common. Most casinos provide punters the use of Visa or Mastercard. Some casinos may also let players deposit with American Express, Discover Card, JCB, or Diners Club International.
Australian regulators have announced a ban on credit card gambling. When this happens, debit cards will remain the only valid card option for Aussies.
One of the world’s biggest companies, Visa, was launched in 1958 by Bank of America. Over the next sixty years, it would become the world’s credit card of choice. About half of all card transactions globally are done through Visa; here in Australia, it is the leading credit card. The company has the safety and security to match its operations. It is one of the best banking methods available at online casinos, such as the popular Aussie casino Hell Spin.
Mastercard, Visa’s biggest competitor, was established in 1966. It is accepted at most casinos, such as Joe Fortune Casino. Everything that can be said of Visa is true for its rival; no matter your company choice, you can expect your transactions to be protected. Select casinos may also accept Maestro, the debit card subsidiary of MasterCard.
Almost all online casinos offer Bitcoin as both a deposit and withdrawal option due to its security and ease of use. Another advantage is that punters can add and withdraw funds from their accounts instantly. Or nearly immediately, as completion time depends on the network’s traffic.
Bitcoin can be a bit confusing for those without experience with cryptocurrency because it’s not usual to see amounts like 0.00006 BTC. A single Bitcoin, 1 BTC, is often valued at tens of thousands of dollars. So, it needs to be broken up into more reasonable, usable amounts.
To learn more about Bitcoin and using it as a deposit method, please visit our Bitcoin Casinos page.
As the popularity and reach of cryptos grew, so did their acceptance as casino payment methods. These days, many Aussie casinos have started accepting other popular cryptocurrencies, such as Ethereum, Litecoin, Dogecoin, Tether, and more.
Moreover, you’ll see services such as CoinsPaid and Jeton that let you instantly convert dozens of crypto coins. You can then deposit and cash out from your chosen AU gambling site using those cryptos.
The first thing you need to know about crypto wallets is that, despite the name, they do not function as regular wallets. Their purpose is to show balances and store the private and public keys you need to complete transactions.
Here is a step-by-step guide to getting a cryptocurrency wallet:
Transfer Cryptocurrency to Your Wallet: Now that your wallet is set up and secure, you can start receiving crypto payments by providing your public key to senders. You can also buy cryptocurrency from exchanges and transfer it to your wallet.
E-wallets are a convenient payment option; especially for those who don’t want to directly link their cards or bank accounts. As the name implies, e-wallets are electronic wallets that you can add funds to.
You can only use as much money as you’ve added. This concept makes them a great way to ensure you don’t spend more playing than you mean to. E-wallets are among the most widely accepted online deposit options, and the top picks for Australians are:
Neteller began life in Canada in 1999 and quickly became one of the premiere online casino banking methods for many online casinos, such as DundeeSlots Casino. At one time, it was processing payments for 85% of gambling merchants around the world.
Neteller ensures instant and free casino deposits and withdrawals. It also has good transfer limits for all types of players. Sometimes, it may be excluded from bonus offers.
Skrill was founded in England in 2001. While not as involved in online gambling as Neteller in its formative years, Skrill still quickly became one of Europe’s top e-wallets. It’s used in many Aussie casinos, like, for example, the highly popular Bizzo Casino.
These days, Skrill has a versatile offer for its members, including loyalty perks and the option to buy cryptocurrencies. As an online casino banking method, it’s fast, free, and secure. Like Neteller, it sometimes can’t be used for claiming deposit bonus offers.
EcoPayz – or now Payz – is an e-wallet that’s quickly expanding on the payments scene. It allows users to move money instantly and safely. EcoPayz is especially popular among Australian and New Zealand consumers. It enables instant payments and withdrawals. There are often no bonus restrictions associated with ecoPayz casino banking.
eZeeWallet is another e-wallet typically used by Aussies and Kiwis. It has low fees alongside high security standards and works for both depositing and withdrawing. eZeeWallet works in over 180 countries and serves various purposes aside from being a casino payment method.
In every other aspect, eZeeWallet is similar to ecoPayz. Expect no processing fees applied from operators and no bonus restrictions.
Although PayPal is one of the most popular methods of payment used by online casinos worldwide, it is currently unavailable for Australian players. So, for now, Aussie players will have to use alternative methods to deposit funds from their casino accounts.
Vouchers, or prepaid cards, allow you to purchase codes from milk bars and shops and, like a gift card, use that money at online casinos. They’re an attractive banking method because they don’t need you to sign up for an account with a third-party company or share your banking information. However, they’re only good so long as you haven’t used all of the money on your card. Plus, they often can’t be used for withdrawing your winnings.
Neosurf is one of the most popular payment methods for online casinos in Australia, such as Stellar Spins Casino, and it’s easy to see why. Cards are available at thousands of shops in hundreds of cities all over the country. You can also transfer a card’s remaining balance onto a new card, which is very useful when you have only a few dollars left.
While it is not available at as many online casinos as Neosurf, PaySafeCard is another voucher that works similarly. It is another PaySafeGroup product, so punters who use it can expect the same best-in-class security that Neteller and Skrill offer. There are heaps of online casinos where PaySafeCard is on offer, such as, for example, QueenSpins Casino, and all you need to do is follow the instructions on the card to start using your balance to play casino games.
CashtoCode is a service offered by Funanga AG, a UK-based company. In its essence, the product works like a prepaid voucher. You use cash to get a code, which is then used for making online payments. The service has been around since 2013 but got popular among online gamblers only recently. CashtoCode has geographical restrictions, low deposit requirements, and no withdrawal option. It’s still relevant for low rollers who wish to keep their banking details private.
Sending money from your bank account directly to a casino, or when a casino sends your withdrawal to your bank account, is called a wire transfer. Since they directly involve your bank, wire transfers are a highly secure banking method. They don’t require you to sign up for another service, so they’re also very straightforward.
However, wire transfers come with two major negatives. The first is the processing fees. You can normally expect to lose around $50 due to this, though every casino has its own rules.
The second is that wire transfers may take longer to process, while other casino payment methods may be instant. Again, every casino is different, but it may take you some time to see your winnings if you choose to withdraw via wire transfer.
PayID is a popular money transferring service in Australia. It simplifies online bank transfers by utilising a simple confirmation process. Instead of adding plenty of private details, you use your phone number or email address instead. To use PayID, you need to set up an account first. However, you are then in for fast and convenient PayID bank transfers. PayID casinos are becoming increasingly popular among Aussies. It’s not clear for how long the service will support money transfers to and from international casino sites, though.
When considering different online casino payment methods, knowing what you need is vital. Crypto-savvy users will always go for cryptocurrencies, while those who want privacy will probably go with prepaid vouchers. Some other typical possibilities and restrictions will make some casino deposit options better than the rest; for some types of players, at least.
Below, we’ve briefly covered the aspects you must pay attention to when choosing an online casino banking method.
Australian users can play online casino games only at international gambling sites. It’s perfectly natural for them to wonder if making payments and sharing details with such operators is safe. The thing is – every time you provide banking info or card details, you are taking a certain risk. However, all the sites we recommend have been vetted and tested. They all have high security standards.
Moreover, the casino deposit options we’ve covered here are all operated by trusted companies. Many of the entities hold certification and licensing from reputable bodies that oversee their operations. Therefore, you have nothing to worry about when making card, e-wallet, or bank transfers to online casinos.
