Payment methods are a key aspect when choosing an online casino. Our AIP experts have carefully analyzed the main deposit methods available to Australian players to help you find the most suitable option.
The best ways to top up your account
The variety of options can be confusing, especially considering the different possibilities and limitations associated with each casino banking method. We will analyze the following payment methods:
- Credit and debit cards;
- Cryptocurrencies;
- Electronic wallets;
- Vouchers and prepaid cards.
Keep reading to learn more about these popular deposit methods available to players in Australia.
Credit and debit cards
Credit and debit cards are the most popular way to make a deposit at an online casino. They are sometimes used to withdraw funds, although this is much less common. Most casinos provide the opportunity to use Visa and Mastercard cards. Some casinos also allow deposits using American Express, Discover Card, JCB or Diners Club International.
Credit cards are issued by banks or bank holding companies that provide users with a certain credit limit. This loan must be repaid over time, often with the payment of fees and interest. That is why Australian regulators have announced a ban on the use of credit cards for gambling. When this ban comes into effect, debit cards will remain the only option available to Australian players.
Visa: Instant Deposits and Usually No Fees
Founded in 1958 by Bank of America, Visa has become one of the largest companies in the world. Over the past sixty years, it has become the preferred credit card worldwide. About half of all card transactions in the world are carried out through Visa, and in Australia it is the leading credit card. Visa provides a high level of security and reliability, making it one of the best banking methods available at online casinos such as the popular Australian Hell Spin casino.
Deposits via Visa are made instantly and, as a rule, without commissions. Transaction limits depend on the provider. Australian players often see Visa among the available casino deposit options, although some restrictions may apply to withdrawals.
Mastercard: Fast Processing and Reasonable Limits
Mastercard, Visa’s main competitor, was founded in 1966 and is accepted at most casinos such as Joe Fortune Casino. All the advantages of Visa apply to Mastercard; regardless of your choice, you can be sure of protecting your transactions. Some casinos also accept Maestro, a subsidiary of Mastercard for debit cards.
Mastercard provides fast payment processing from and to casino accounts. Although your card issuer may charge a processing fee, casinos usually do not charge fees for deposits and withdrawals using Mastercard. The transaction limits are reasonable and comparable to the limits associated with banking transactions through Visa.
Cryptocurrency
Over the past ten years, cryptocurrencies have grown significantly in popularity. Now many online casinos accept various types of cryptocurrencies as payment methods. Bitcoin, being the most famous and popular cryptocurrency, is the preferred choice for gaming sites. However, you can also find cryptocurrencies such as Ethereum, Litecoin, Ripple, Dogecoin and others that are available for use as deposit methods.
Bitcoin: A Reliable, Private and Fast Online Casino Payment Method
Almost all online casinos offer bitcoin for deposits and withdrawals due to its security and convenience. One of the main advantages is the ability to instantly deposit and withdraw funds from accounts. Or almost instantaneous, since the processing time depends on the network load.
For newcomers to cryptocurrencies, bitcoin may seem confusing due to unusual amounts such as 0.00006 BTC. One bitcoin (1 BTC) is often valued in the tens of thousands of dollars, so it is divided into smaller and more convenient amounts.
In any case, those who are looking for reliable, private and fast payment methods at online casinos often choose BTC. To learn more about Bitcoin and its use as a deposit method, visit our Bitcoin Casino page.
Other Cryptocurrencies
With the growing popularity of cryptocurrencies, their recognition as payment methods in casinos has also increased. Today, many Australian casinos accept other popular cryptocurrencies such as Ethereum, Litecoin, Dogecoin, Tether and others.
In addition, services such as CoinsPaid and Jeton allow you to instantly convert dozens of cryptocurrencies. This makes it possible to make deposits and withdraw funds on your chosen gaming sites in Australia using these cryptocurrencies.
Electronic wallets
E-wallets provide an incredibly convenient payment method, especially for those who do not want to link their credit cards or bank accounts directly. These digital wallets allow you to replenish funds and use only the money that you have added. This concept helps to control expenses and ensures that you don’t spend more than you planned. E-wallets are among the most popular online deposit methods, and Australian players prefer the following:
- Neteller;
- Skrill;
- ecoPayz;
- eZeeWallet;
- PayPal.
Vouchers
Vouchers and prepaid cards allow you to purchase codes in stores and use them as gift cards to deposit funds into an online casino. This method is attractive because it does not require registering an account with a third-party company or providing banking information. However, they are only useful as long as there are funds on the card, and they often cannot be used to withdraw winnings.
Neosurf
Neosurf is one of the most popular online casino payment methods in Australia, such as Stellar Spins Casino, and it’s easy to explain. Neosurf cards can be purchased in thousands of stores across the country. You can also transfer the remaining balance from one card to another, which is very convenient if there are only a few dollars left on the card.
PaySafeCard
Although it is not available in as many online casinos as Neosurf, PaySafeCard is another voucher that works in a similar way. This product from PaySafeGroup provides the highest level of security, the same as Neteller and Skrill. PaySafeCard is used in several online casinos such as QueenSpins Casino. To start using the card balance for playing at the casino, just follow the instructions on the card.
CashtoCode
CashtoCode is a service provided by the British company Funanga AG. It works like a prepaid voucher: you use cash to receive a code, which is then applied to online payments. The service has been in existence since 2013, but it has only recently gained popularity among online players. CashtoCode has geographical restrictions, low deposit limits and does not support withdrawals. However, it remains relevant for players who value the confidentiality of their banking data.
Bank transfers
Transferring money directly from your bank account to the casino or vice versa is called a bank transfer. This method is very secure, as it is directly connected to your bank. In addition, it does not require registration in additional services, which makes it very convenient.
However, bank transfers have two significant drawbacks, especially when it comes to withdrawing funds. Firstly, it is a processing fee, which can be about $50, although different casinos may have different conditions.
Secondly, bank transfers can take considerable time to process, while other payment methods can provide instant access to funds. The timing may vary depending on the casino, but when choosing a bank transfer, you may need to wait to receive your winnings.
Choosing a bank payment method
When choosing payment methods in an online casino, it is important to understand what is right for you. Users who understand cryptocurrencies will prefer them, and those who value privacy will probably choose prepaid vouchers. Some other features and limitations may make some deposit methods more attractive than others for different types of players.
The following are the main aspects that you should pay attention to when choosing a payment method in an online casino:
- Limits. Prepaid vouchers often have low deposit limits and do not support withdrawals. This is not the best choice if you need a casino with a minimum deposit. High rollers will prefer e-wallets and cryptocurrencies that support large money transfers;
- The ability to withdraw funds. Some methods do not allow you to withdraw funds. In such cases, you will have to use a bank transfer, which may include a commission and take several business days;
- The time of the transaction. Most of the methods we have considered provide instant deposit of funds, but withdrawal may take longer. If it is important for you to receive money quickly, choose e-wallets or cryptocurrencies;
- Processing fee. Australian casinos often offer free deposit processing and one free withdrawal per week or month. However, methods such as bank transfers may include a fee. Payment operators may also charge a fee for processing transfers. Keep this in mind when choosing a payment method;
- Restrictions on bonuses. Deposits via e-wallets such as Skrill and Neteller are often excluded from bonus offers. Be sure to check this before using it if you plan to receive a bonus.
Consider these factors to choose the most appropriate payment method in an online casino.
Security of payment options
Australian users can only play online casino games on international gaming sites. Naturally, the question arises: is it safe to make payments and transfer data to such operators? Every time you provide banking information or card details, you carry a certain risk. However, all the sites that we recommend have been reviewed and tested. They meet high safety standards.
In addition, all the deposit methods we have reviewed are managed by trusted companies. Many of them have certificates and licenses from reputable authorities that control their activities. Therefore, when making payments using cards, e-wallets or bank transfers at an online casino, you have nothing to worry about.