Unlike players living in countries that have regulated their online casino gaming industries, Australians have fewer casino payment methods to choose from. Popular electronic wallets such as Skrill and Neteller and prepaid vouchers such as Paysafecard are not available at Australian online casinos.
Australians prefer funding their gaming accounts with credit/debit cards because they are familiar with these methods. Moreover, credit/debit card payments are quick, easy, and secure.
But they cannot always use credit cards, especially for withdrawals, because banks tend to decline credit card transactions. In such cases, Australians can use bank transfer, Neosurf, and even cryptocurrencies such as Bitcoin and Bitcoin Cash.
The following is an overview of the most popular payment methods at Australian online casinos.
Credit and Debit Cards
Credit/debit cards are popular casino payment methods for the following reasons:
- Credit card transactions are safe and secure.
- All online casinos support credit/debit cards.
- Several types of credit/debit cards are available.
- Transaction fees are affordable.
- You can deposit large amounts of cash.
- You don’t need to have money in your bank account to fund your casino gaming account because of the availability of credit.
- You can fund your gaming account on mobile devices.
The most popular credit/debit cards offered in Australia facing online casinos are those bearing the Visa, MasterCard, and Amex brands.
- Debit Cards – Many players prefer using debit cards because it helps them control their casino spending. Since debit cards do not come with credit, you will be depositing money available in your bank account. This will make you extra careful about the amount you spend at the online casino.
Some of the most popular debit cards are those bearing the Visa Electron, Maestro, Solo, and Delta brands.
- MasterCard Credit Cards – The following are the advantages of MasterCard credit cards:
- Making deposits with a MasterCard credit card is easy.
- You can make instant deposits.
- You can make deposits even if you don’t have money in your bank account because they offer credit.
- Card holders can enjoy benefits such as discounts and freebies.
- MasterCard credit cards support multiple currencies.
- They are safe and secure and consumers all over the world use them.
The only disadvantage of using MasterCard credit cards is that you will be using borrowed money. If you are not careful, you can run into huge credit card debts.
Depositing with your MasterCard credit card involves the following steps:
- Login to your online casino gaming account and visit the cashier.
- Choose MasterCard as your preferred deposit method.
- Enter your credit card details such as card number, name, card expiry date, and CVV number.
- Enter your deposit amount.
- You may have to authenticate your transaction by entering a one-time password (OTP) sent to your mobile phone.
- Confirm the payment.
- Your deposit will be credited immediately to your account.
MasterCard withdrawals take longer because the online casino takes time to verify your account details. As part of the verification procedure, you have to provide identification documents to the online casino. So you may have to wait up to five days to see the winnings in your account. Also, you may have to pay transaction fees.
- Visa Credit Cards – Visa credit cards have all the advantages of MasterCard credit cards. The procedure for depositing with Visa credit cards is also similar. The biggest disadvantage of using Visa credit cards is that you may run into credit card debts as you are using credit to fund your casino gaming account and not money from your bank account.
- American Express – The following are the advantages of using American Express (Amex) credit cards.
- Using Amex to fund your casino gaming account is very easy.
- The funds are immediately transferred to your account.
- You don’t need to have money in your bank account to load your account as credit is easily available.
- Plenty of discounts and freebies are available to Amex card holders.
- Amex cards are safe and secure.
- People from different parts of the world use Amex cards.
Making deposits and withdrawals with Amex cards is similar to doing the same with Visa and MasterCard credit cards. Withdrawals may take longer because of the verification procedure. Also, you may have to pay fees ranging from 1% to 5% if you withdraw winnings to your Amex card.
Almost all top-rated Australian online casinos offer Neosurf as a casino payment method. Neosurf is a prepaid voucher that works just like Paysafecard, which makes it an ideal alternative to Paysafecard, which has withdrawn from the Australian online gambling market.
This is how Neosurf works:
- Purchase a Neosurf voucher from any location where it is available.
- You can find Neosurf locations by visiting the Neosurf website and using its location finder.
- To find a location, you have to choose your country and type your address.
- Each Neosurf voucher has a code with 10 characters.
- To make a casino deposit with Neosurf, you have to enter the code in the field provided.
- You can load into your casino gaming account an amount equal to or lesser than the value of your Neosurf voucher.
Using Neosurf has the following benefits:
- You can get Neosurf vouchers at 135000+ locations all over the world.
- Neosurf vouchers are available for AU$10 – AU$200.
- Neosurf is a widely accepted Australian casino payment method.
- Download Neosurf apps for iOS and Android.
With payment options such as Upaycard and Neosurf around, you cannot possibly miss payment methods such as Skrill, Neteller, and Paysafecard, which withdrew from the Australian online gambling market in 2017.
Upaycard offers two payment services—virtual or physical MasterCard branded credit cards and an electronic wallet. You can use the virtual or physical MasterCard credit cards at any online casino that offers MasterCard as a payment method. Also, you can use it to withdraw money at ATMs from different parts of the world.
In addition, you can use Upaycard’s electronic wallet service not only to store your money, but also to make quick, easy, secure, and anonymous payments online.
Here are the benefits of using Upaycard:
- Upaycard transactions are easy, fast, and instant.
- The fees per transaction are affordable.
- Upaycard is an international payment service and supports multiple currencies.
- You can use Upaycard’s multiple-payment feature to transfer money to multiple accounts.
Bitcoin is not only a digital currency, but also a payment system that has been around from January 2009. Since it is not under the control of any bank, financial institution, or government, it is a popular casino payment method in grey jurisdictions.
The following are the reasons for the rising popularity of Bitcoin:
- Bitcoin is a peer-to-peer digital currency, indicating that Bitcoin transactions take place between two peers without any middleman.
- Bitcoin is not under the control of any bank or government.
- Bitcoin transactions are anonymous and fast.
- Bitcoin transactions are secure because they use the latest encryption technology.
If you are interested in using Bitcoin to fund your casino gaming account, here is a simple guide for you:
- Log in to your gaming account and visit the casino cashier.
- Choose Bitcoin as your preferred deposit option.
- Log in to your Bitcoin wallet and choose the number of bitcoins you wish to deposit.
- Enter the required information and then click confirm.
- Bitcoin transfers are instant.
You can request payout in bitcoins. Once your winnings have reached your Bitcoin wallet, you can convert them into any fiat currency of your choice and withdraw them to your bank account.
Bank Wire Transfer
You can transfer funds from your bank account to your online casino gaming account in two ways:
- Visit your bank personally and initiate the transfer.
- Login to your online banking account and transfer the funds.
Bank wire transfer has the following benefits:
- Bank wire transfer is a safe and reliable way to transfer funds.
- You can use this method even if you don’t hold a credit card.
- You can use Bank wire transfer to deposit a large amount of money.
On the downside, the processing time for bank wire transfer deposits and withdrawals is longer and bank wire transfers have high fees. Moreover, the minimum deposit amount for bank wire transfer is higher.
Here is a guide to using Bank wire transfer to load your account:
- Type the amount you want to deposit.
- The online casino gives you the information you require to make a bank wire transfer.
- Visit your online banking account and initiate the transfer.
- Wait for your funds to reflect in your gaming account and start playing.
If you win any prize, you can safely withdraw it to your bank account using the same method. Withdrawals, however, take much longer than deposits. In rare cases, you may have to wait up to 14 days to see the money in your account.