The availability of many different payment options is undoubtedly one of the key aspects for all online casino players. It is very important to know what currencies are accepted, what amounts can be used or what payment methods the casino supports for making deposits or withdrawing winnings. We will take a look at some of the most popular options to explain them in more detail to Australian players.
Depending on the payment methods, transaction terms may vary. This may be due to the restrictions set by the online casino or payment system. For example, when it comes to e-wallets, they tend to provide faster withdrawals of amounts won, while prepaid vouchers do not allow withdrawals at all. Cryptocurrencies, on the other hand, offer both fast deposits and withdrawals without any restrictions. Figuring out the intricacies can be tricky, and our review is designed to help Australian gambling enthusiasts decide which one to choose.
Electronic Wallets for Casinos
If you don’t want to unnecessarily provide any of your bank card details, one of the best ways out is to use e-wallets. There are quite a few of them, so we will only tell you about the most popular options among Australian players:
- Skrill is a money transfer company that supports over 40 different currencies and is currently one of the most popular e-wallets in the world. Skrill is widely used for transactions related to online gambling, betting and Forex trading;
- Neteller is a payment system that allows users to transfer money to each other and make payments online. It is a convenient and secure way to manage your finances, especially for those who frequently make online purchases or participate in online gaming. Neteller also offers the option of obtaining and using a Net+ prepaid card, which can be used to make purchases in shops or withdraw cash from ATMs around the world;
- The ecoPayz wallet offers instant, secure and convenient ways to transfer money and make online payments worldwide. It is popular among Australian players as it is a convenient way to make any online casino payments;
- JetOn’s global e-wallet service allows users to securely pay online and transfer money worldwide. It supports multi-currency, peer-to-peer transfers, and virtual and physical cards;
- iDebit is a payment system that offers fast, secure and convenient online payments. With iDebit, you can make international transfers, pay for goods and services online, and manage your finances using the mobile app. iDebit is particularly popular among online casino players as it offers an easy and convenient way to make deposits and withdrawals;
- Astropay is a safe and convenient way to deposit funds at online casinos. It allows you not only to transfer several types of currencies, but also to exchange them;
- LuxonPay’s multi-currency digital wallet gives users the ability to store and exchange multiple currencies. It offers features such as online payments, money transfers and also provides local payments services in several countries, making it easy to withdraw funds locally;
- MiFinity is a digital wallet and payment platform that allows users to make secure online transactions. It offers instant deposits, withdrawals and transfers;
- Sticpay offers an e-wallet solution with low fees for deposits, withdrawals, currency exchange and is also suitable for online casino financial transactions.
Prepaid Cards and Their Application in Gambling
This method is based on the prepaid voucher system. Users of this payment method for online casinos only need to enter a PIN to transfer money or make a deposit. In other words, there is no need to create an account or enter any personal details (although registered users can enjoy more favourable terms and have larger sums of money).
Currently on the market are:
- Neosurf is a very easy and convenient way to make any money transactions online, including casino transactions. It is anonymous and secure, there is no need to register or provide any other personal information, as only a unique PIN code is required for deposits;
- PaySafeCard is a card with different denominations up to $100. Use the card online with a 16-digit PIN code and you won’t have to think about the security of your personal or bank card data;
- Upay Card is a rechargeable prepaid card banking service provided to VISA card users. It works as an electronic wallet, giving you the ability to make quick online payments using your mobile phone, tablet or computer;
- CashtoCode allows you to exchange cash for a digital voucher. It can be converted into many currencies, including electronic currencies.
Mobile Payments at Online Casinos
These are payment instruments that are tied to your mobile device and work thanks to NFC technology. Sometimes mobile payments are also called mobile wallets because they work on the same principles. The user needs to download an app, create an account and put some money in it to be able to make a transaction. Mobile payments can be used not only online but also to pay in shops, restaurants and even taxis.
ApplePay is well known to iOS users. It allows you to transfer money from your bank or mobile payment account and make deposits at online casinos. This payment method is extremely secure as it requires a new password every time a transaction is requested, and it is also very convenient as it is accepted by many online casinos.
Google Pay is a very similar mobile payment method, but it is designed for Android users. Google Pay is used in online casinos around the world as it is a secure and convenient way to fund a player’s account. It works as an app where you need to create your own account, which provides an increased level of security.
Debit Cards and Bank Transfers
Debit cards have become a popular choice for many online gamblers, and their appeal is obvious. This approach eliminates the need to create a separate account solely for gambling. Instead, you can simply use your existing debit card details, which you probably already use for other regular transactions.
This banking method offers not only convenience of use, but also a sense of familiarity. Most people are used to using their debit cards for many transactions, whether they are shopping in regular shops or online. So, when it comes to online gambling, using a method that is already familiar in your daily life makes the process smooth and uncomplicated.
In addition to ease of use and convenience, using your debit card for online gambling also provides an extra layer of security. Banks employ numerous measures, such as monitoring for potential fraud and two-factor authentication, to protect their customers’ accounts. So, when you use your debit card, you are also utilising this functionality as well.
Bank transfers are a widely used payment method among Australian players, taking a significant position in the range of options available. However, keep in mind that bank transfers take the longest time and your bank may charge some additional fees.
The vast majority of gambling operators use the so-called “closed loop principle” in their policy: withdrawal of winnings is available in the same way you made a deposit. So choose any of the above methods, which is most convenient for you. Have a good game!
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