Top Online Casino Banking Options

Australian players have a wide variety of secure methods to deposit and withdraw funds from their online casino account. With so many banking methods to choose from, let’s take a look at the options and what they offer.

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BANKING METHODS AT ONLINE CASINOS IN AUSTRALIA

The following casino banking methods are still typically used at the Australian online casinos you’ll find featured here on our site. Bitcoin followed by Credit Card deposits are our recommended options in that order for Australian players.

E-WALLETS

This banking option is one of the most secure ways to make payments. Any transactions that are done online through e-wallets do not require you to use any information that is connected to your bank account. Below are some of the most common e-wallets you’ll find at online casinos.

Skrill

  • Safe and trustworthy
  • Instant deposits and withdrawals
  • Skrill is accepted at the majority of online casinos

Neteller

  • Fast withdrawal times
  • Safe and secure
  • Cryptocurrency friendly

PayPal

  • World renowned
  • Quick withdrawal times
  • Popular in the UK and countries in Europe.

ecoPayz

  • Quick payments
  • Available in the majority of online casinos
  • Perfect for igaming

EzeeWallet

  • Supports many currencies
  • Available in app
  • Great customer assistance

PREPAID CARDS

Like e-wallets, prepaid cards are also a great option for players who want to protect their privacy and not use their card bank details. Players only need to top up their card and can only use a 16-digit pin to make deposits.

Neosurf

  • Neosurf is easy to use
  • Anonymity
  • Vouchers

PaySafeCard

  • Safe and secure transactions
  • Good reputation

UPayCard

  • Low transaction fees
  • Quick deposits and withdrawals
  • Great security

CREDIT & DEBIT CARDS

Credit and Debit cards are probably the most popular and most trusted payment methods out there. These methods are easily available and are very safe. However, you may incur a fee when making a transaction.

Visa

  • World renowned
  • Top notch security
  • Fast and easy to use

Mastercard

  • Popular and trustworthy
  • Available in numerous countries
  • Transactions can be made with 165 currencies

 

Bank transfer

  • Popular and trusted method
  • Available globally

MOBILE PAYMENTS

As many online casino players now play from their mobile devices, it’s understandable why a mobile payment method would be a convenient option. This method allows you to link your bank cards with your phone and has the extra layer of security with 2-way authentication requirements or verification by fingerprint.

Apple Pay

  • Very secure
  • Low fees

Revolut

  • Quick deposits
  • Very secure

CRYPTOCURRENCY

Cryptocurrency is a decentralized currency that has gained popularity in the last few years. It provides you with anonymity, faster processing times, a high level of safety and it is accepted by almost every online casino worldwide.

Bitcoin

  • Quick and safe transactions
  • Free deposits and withdrawals
  • High cashout limit

Ethereum

  • Considered more stable than Bitcoin
  • Very safe

Bitcoin cash

  • Fees are lower than bank cards
  • Fast transaction fees
  • Secure

Tether

  • Fast and cheap transactions
  • Not as volatile as other cryptocurrencies
  • You can stay anonymous

Dogecoin

  • Deposits are processed instantly
  • Currently cheaper than Bitcoin and Ethereum

Litecoin

  • Quick transaction approval
  • Less volatile compared to other cryptocurrencies

WHAT TO CONSIDER WHEN CHOOSING A BANKING METHOD

Choosing a banking method can be quite tricky as there are so many to choose from. Each method has its own factors that you will have to consider depending on your needs. Our experts have broken down the most important aspects of payment methods you need to consider before deciding which is the best payment method for you.

REPUTATION

Whether it’s been around as long as credit and debit cards or as new as cryptocurrency, the reputation that a payment method has is probably the most important aspect when deciding which to use It’s best to use banking methods that you are familiar with and ensuring that the casino of your choice offers those options. The more familiar you are with a banking method, the less likely you are to have problems when depositing and withdrawing funds.

AVAILABILITY

Not all payment methods are as global and available to everyone, depending on your country or region you may not be able to use certain payment methods. Popular methods like Visa and Mastercard are renowned as being available globally but its possible that some e-wallets or some pre-paid cards may have limited use.

EASE TO USE

Some banking methods are easier to use than others. They provide quick transaction times like cryptocurrency for instance and are easy to use like mobile payments which require fewer steps to use. Our experts suggest you stick with a banking method which allows you to make quick deposits and withdrawals.

FEES

Fees can be a necessary factor that you may not mind paying, if the service is excellent and speedy. However, when playing at online casinos it’s understandable that players may not want to pay to withdraw their funds so banking method that have no fees would be ideal.

PROCESSING TIMES

Slow processing times can really take the fun out of withdrawing your winnings. Most players want fast payouts, but sometimes online casinos need to find a balance between fast payouts and customer safety. Transactions that are pending are simply being processed by the team to make sure that the money is going to the right person. Nowadays the majority of payment methods are either instant or take place within 48 hours. Some may take longer like bank transfers which can take up to 3 days.

SECURITY

All of the points mentioned are very important when considering a payment method but the most important is how secure the payment method is. Make sure to check that the casino uses the latest SSL Data Encryption technology. This technology is used by all major high-street banks to protect their customers’ personal details and make it difficult to be accessed by cyber-criminals. If you wish to have safe, worry-free online transactions then seeking out a payment method with the best security is a must.

MOBILE CAPABILITY

Convenience is very important when considering an online banking method. Mobile friendly banking methods allow you to have an easy experience when making transactions. Nowadays, more banking methods are focusing on mobile friendly websites and apps that are designed to make your online transactions easier, quicker and safer.

CUSTOMER SUPPORT

A banking method could have the quickest processing times, no fees and be very popular but this can all be over shadowed by the lack of customer support. Banking methods that offer some sort of assistance tend to be those which gain popularity and are the go-to choice of payment method when it comes to gambling online.

MOST POPULAR DEPOSIT AND WITHDRAWAL METHODS IN AUSTRALIA

Here’s a short summary of the most popular banking methods in Australia, their fees and whether they are available for making deposits and withdrawals.

Transaction Method Can I Make Deposits? Can I Make Withdrawals? Fees Typical Withdrawal Times
Visa or Mastercard Yes Yes Zero 2 – 8 days
Neosurf Yes No 1% purchase fee -
uPayCard Yes No Zero -
Bitcoin Yes Yes Miner fee Instant

PLAYING AT AUSTRALIAN ONLINE CASINOS

There are literally hundreds of different online casinos now available to Australian players, but which ones are worth signing up with? The best way for an Australian player to find a suitable online casino is by trying to find one which is focused towards the Australian market. This will immediate narrow down your search and leave you with more of a manageable list to choose from.

CASINOS THAT ACCEPT AUD

The number one priority is to find an online casino that accepts Australian dollars and one that has a reliable and easy to contact support team. Australian based online casinos tend to have toll free telephone numbers to call and the support will always be in the English language.

Players won’t incur any currency conversion charges when playing in their own currency, plus all bonuses and promotions will be in Australian dollars, so players won’t need to figure out how much the bonus is worth by converting it from another currency. Australian focused online casinos tend to provide banking methods that most Australian players can use such as Neosurf, PaySafeCard, UPayCard and various other e-Wallets as well as bank transfers and a variety credit and debit cards are also now accepted.

TOP 5 ONLINE CASINOS WITH THE BEST PAYMENT METHODS

POPULAR AUSTRALIAN DEPOSIT OPTIONS

New players often wonder how they can add funds to their new online casino account or how to withdraw their winnings if they have a sufficient bank roll. The good news for people just starting out and learning about transferring funds is that it has never been easier. As recently as 2008/09, it could still take up to 48 hours for players to receive their funds once they had confirmed the withdrawal and the amount of time varied a great deal depending on which method they were using.

Popular Australian deposit options include:

  • Credit cards
  • Debit cards
  • Bank transfers
  • E-wallets
  • Crypto

Today, it is very rare that a player cannot get hold of their winnings within minutes of withdrawing their funds (or within a maximum of a few hours). Almost every single online banking method has become virtually instant.

There may be a minimal fee or charge (which if any, is hardly noticeable) and as soon as you have been redirected from your casino account to your e-wallet account to click and confirm the transaction, the funds should instantly arrive in your gambling account.

Players can also now use Visa or MasterCard and debit cards to deposit at some casinos. Previously, there have been restrictions on Australian players using certain methods, which is why e-wallets have become so popular. Using credit or debit cards, as well as transferring funds by direct bank transfer are also quite popular and rapid ways of moving funds from A to B.

It takes just a couple of minutes to register an account with an e-wallet, or to apply for internet banking with your personal bank account. Once you have chosen your preferred method such as registering your details with an e-wallet and then funding it, simply head to the cashier section in the casino and follow the simple on-screen instructions to complete the payment or withdrawal.

HOW TO MAKE A DEPOSIT AT AN ONLINE CASINO

Depositing money at any online casino is a pretty straightforward process! Firstly, players need to register or sign up at the desired casino before clicking on the ‘cashier’ button to deposit money with their choice of banking method. Follow these easy and simple steps:

  1. Click ‘sign up’ or ‘register’ on the casino’s menu tab. This could be located at the top right-hand corner, top left-hand corner or on the menu panel on the left. Each casino has a different menu navigation panel.
  2. After entering all the required details and creating the account, check that the casino accepts your preferred method of payment for deposits and withdrawals.
  3. Head to the cashier section under your profile or simply click on the ‘deposit’ button.
  4. Select your desired payment method, currency and deposit amount. Enter any first deposit bonus codes to take advantage of the casino’s welcome bonus offer.
  5. Fill in the form with all your details and click ‘submit’ to complete the transaction.
  6. That’s it! Your funds should be deposited into your account immediately and you can now play for real money.

POPULAR AUSTRALIAN WITHDRAWAL OPTIONS

There are just as many withdrawal options as there are deposit methods for players based in Australia. Most of the previously mentioned methods such as e-wallets, credit and debit cards or direct bank transfers can be used to withdraw funds using a similar transaction process that was made when the funds were added to the account. Most popular Australian withdrawal methods include:

  • Credit cards
  • Debit cards
  • Bank transfers
  • E-wallets
  • Crypto

This is basically similar to a reverse transaction but the amount that you may be withdrawing will more than likely be different to the amount that you deposited. The amount could be greater or less. Once again, depending on your preferred method of withdrawal, there may or may not be a charge. If there is a charge, this is like to be very small.

HOW TO WITHDRAW WINNINGS

  • Once you have activated internet banking or have opened an account with some form of e-payment solution such as an e-wallet, withdrawing funds is the easy part.
  • Players can view the bottom of the homepage of each online casino to see if their preferred method is used at that casino. If the logo of that banking method isn’t there, it may be hiding in the banking section. Each online casino has a banking section that will have a full detailed list of each individual banking method they accept.
  • It’s better to check before, rather than registering an account with an online casino for the first time only to realise that they don’t have your favourite method of withdrawing funds. You don’t want to have thousands of dollars of winnings just sitting in your casino account because you don’t have any way of withdrawing your funds.
  • Once you have decided to withdraw your funds, the on-screen options are quite simple to follow. You just enter the amount that you would like to withdraw (providing you have enough and that it is above the minimum withdrawal amount) and once this amount has been confirmed, you may have to wait up to several hours before the amount has been cleared and is either in your e-wallet or bank account.

TIPS ON HOW TO BANK SAFELY

Pending Periods – Most players want fast payouts, but sometimes online casinos need to find a balance between fast payouts and customer safety. Transactions that are pending are simply being processed by the team to make sure that the money is going to the right person.

SSL Data Encryption – Make sure to check that the casino uses the latest SSL Data Encryption technology. This technology is used by all major high-street banks to protect their customers’ personal details and make it difficult to be accessed by cyber-criminals.

Familiar banking – It’s best to use banking methods that you are familiar with and ensuring that the casino of your choice offers those options. The more familiar you are with a banking method, the less likely you are to have problems when depositing and withdrawing funds

Our Expert Opinion

As you can see there are numerous banking options for online casinos in Australia. Each one has its own advantages, so all you need to do is find one that works for you, choose an online casino and you’re good to go.

Casino Banking FAQs