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You can’t use paper money to fund your online casino account. Likewise, you can’t get cash from the casino as soon as you decide to withdraw your funds. Instead, in order to make a deposit/withdrawal, you need to use one of the banking methods offered by the online casino.
But, which banking option should you choose? We’re going to help you make up your mind.
Types of Payment Methods for Australian Online Casino Players
Neosurf
Neosurf is our recommended payment method for online casino players because it is completely anonymous, safe and reliable. Neosurf is a prepaid voucher that you can buy from various outlets. Each card has a unique PIN number that you enter in the casino cashier section. You do not need to provide any additional documents to use Neosurf.
The only disadvantage of this payment method is that as it is a prepaid card, you cannot use it for withdrawals.
Bitcoin
Cryptocurrencies have long been favoured deposit/payout methods of online casino players. It’s not a surprise, considering the fact that they’re usually very reliable. Even more importantly, they’re completely anonymous. What this means is that you have don't have to worry about identity theft and other concerns related to your online privacy.
There are literally hundreds of different cryptocurrencies out there and their number keeps on increasing. Still, Bitcoin remains the preferred method of the largest number of users. Apart from being one of the safest money transaction methods, there’s another reason why players like using Bitcoin. This cryptocurrency is available at a number of different online casinos. In fact, there isn’t a cryptocurrency that’s more commonly used by the casinos than Bitcoin.
POLi
It’s not a big surprise that POLi is the most popular banking method among the players from Australia and New Zealand. First of all, this banking option is very safe to use. We live in the day and age when online theft is a serious concern, but if you’re using POLi to fund your casino account, you have nothing to worry about.
Apart from being hacking-proof, POLi is also popular thanks to the fact that it rarely comes with any fees. And even if there are some, they’re usually pretty small. Another great thing about this method is that it can be used without the need to register.
However, there is one downside. You can’t use POLi for making casino payouts. So, if you win money gambling online, you will have to use another withdrawal method to actually get the money in your hands.
Neteller
One reason why some players still prefer traditional brick-and-mortar casinos is that online casinos might take too long to process withdrawal requests. Some of them take hours or even days to process. This, of course, depends mostly on the deposit method. So, if you’re in a hurry, you ought to choose the fastest withdrawal online casino method. One that comes to mind is Neteller.
You can use Neteller to make an online casino deposit that will end up in your account in literally a few moments. It’s a similar case when it comes to payouts. Neteller is definitely an easy withdrawal online casino option, which usually doesn’t take more than just a couple hours to process.
Visa
Did you know that more than 30 million transactions are done via Visa cards every day? This number shows just how popular this payment method is. Actually, Visa is one of the most commonly used brands of credit/deposit cards in Australia. The chances are high that you have one right now in your pocket. And if you do, you should know that you can use it to make a deposit/withdrawal at your favourite online casino.
Visa is arguably the safest payment method in the world. It’s also very quick, considering that casino deposits are usually processed instantly. Generally speaking, withdrawals tend to take a bit longer. If you decide to transfer your casino funds to your Visa card, you might need to wait a couple of hours. On the bright side, you won’t need to pay big fees. Your bank might decide to charge you a small fee, which is usually no more than just a couple of dollars.
MasterCard
Visa and MasterCard are some of the most widely accepted payment methods on the planet. MasterCard, for example, is accepted in more than 200 different countries worldwide. It’s needless to say that it’s one of the most commonly used bank cards in Australia.
If you own one, you can use it to make casino deposits but also withdraw money from your casino account. All transactions done via MasterCard are extremely secure and pretty fast. Another great thing about them is that they’re offered by almost every online casino that’s available to Aussies.
Skrill
Formerly known as MoneyBookers, Skrill is one of the most popular e-wallets at this moment. The main reason for that is that it’s pretty easy to use. Once you create an account, you can use it to send and receive money from a casino that accepts it. Speaking of that, unfortunately, not all casinos accept this method. But, the good thing is that the number of Skrill casinos is rapidly going up.
Skrill is famous for being secure and reliable, but the thing that really sets it apart from other payment options is that it’s really fast. In fact, it takes only a few seconds to transfer funds from your Skrill account to your casino and vice versa. Of course, the speed of transactions also depends on the casino and international banking procedures. Generally speaking, web wallets are the fastest withdrawal method.
Entropay
Let’s start our Entropay talk by saying that, unfortunately, this banking option isn't used by a too large number of online casinos. But, that’s bound to change as soon as they realize how good this method actually is. Entropay’s virtual Visa cards can be used both for deposits and withdrawals, which are processed pretty quickly.
Entropay is great for another reason – security. If you’re using this method to make casino deposits and payouts, you need not be concerned with cybercriminals stealing your money. Entropay has you covered!
ecoCard/ecoPayz
If you want to keep your private information safe and your identity anonymous, using ecoCard/ecoPayz seems like a wise thing to do. It’s because this company uses an online protection system that will keep your private data safe.
Another great thing about this banking option is that deposits are processed immediately. Basically, you just need to transfer the funds from your ecoPayz account to your casino account, something that doesn’t take more than just a couple of seconds.
When it comes to payouts, they usually don’t take too long as well. Actually, if you have an account at a fast payout casino, you can expect the funds to arrive in a matter of minutes. And once they’re on your ecoPayz account, you can use the ecoCard to get them in cash via ATM.
Make the Most of Payment Method Bonuses at Online Casinos
Many casinos will offer you an incentive to use a particular payment method of their choice. It could be for the most popular payment method, or fo a method that the casino has newly added to its repertoire.
We have gathered the top payment method bonuses for you at online casinos.
So Many Options!
Yes, there are plenty of payment methods to choose from - even more than what's featured here! So which is best? There’s no ultimate answer to this question. It all depends on your preferences, as well as on which online casino you’re playing at. Payment options vary from casino to casino, but here at OzCasinos, we tried to take a bit of legwork out of the equation for you. We’re sure that after reading about common online casino banking methods, you will be able to make the right choice!
