Online Casino Deposit Options

Madison Bundey Updated on: November 09, 2022

Banking methods are an important feature when choosing an online casino. The number of options can be confusing, so in our guide we’ve reviewed the main casino deposit options to help you choose the right one for you.

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Table of Contents

visa and mastercard online casino deposits

Credit Cards

Credit cards are, by far, the most popular deposit method at online casinos. They may also be offered as withdrawal methods, though this is far less common. Most casinos offer punters the use of Visa or MasterCard, though some casinos may also let players deposit with American Express, Discover Card, JCB, or Diners Club International.

Credit cards are issued by banks or bank holding companies and extend users a certain amount of credit upfront. That credit then needs to be paid back over time, typically with fees and interest.

Visa

One of the world’s biggest companies, Visa was launched in 1958 by Bank of America. Over the next sixty years, it would become the world’s credit card of choice. 50% of all card transactions globally are done through Visa, and here in Australia it is the leading credit card. The company has the safety and security to match its operations. It is one of the best banking methods available at online casinos, such as the popular Aussie casino Hell Spin.

MasterCard

MasterCard, Visa’s biggest competitor, was established in 1966. It is accepted at most casinos, like, for example, Joe Fortune Casino. Everything that can be said of Visa is true for its rival; no matter your choice of company, you can expect your transactions to be protected. Select casinos may also accept Maestro, the debit card subsidiary of MasterCard.

Cryptocurrency

Cryptocurrency has really come into its own over the last ten years, to the point where online casinos accept multiple different types of coin as payment methods. As the most well-known and popular cryptocurrency, Bitcoin is by far the favourite for gambling sites, but it’s not unusual to see Ethereum, Litecoin, or even Dogecoin as banking options.

Bitcoin

Almost all online casinos offer Bitcoin as both a deposit and withdrawal option due to its inherent security and ease of use. Another advantage is that punters can add and withdraw funds from their accounts instantly.

Bitcoin can be a bit confusing for those who have no experience with cryptocurrency, because it’s not usual to see amounts like 0.00006 BTC. This is because a single Bitcoin, 1 BTC, is valued at over $70,000, and so needs to be broken up into more reasonable, usable amounts. To learn more about Bitcoin and using it as a deposit method, please visit our Bitcoin Casinos page.

Other Cryptocurrencies

Recently, many casinos have started accepting other popular cryptocurrencies, such as Ethereum, Litecoin, Dogecoin, Tether, and more. So, if you’re a crypto holder, you can check out the available cryptocurrency deposit options at your favorite online casinos and decide how to make the most out of your portfolio!

neteller and skrill online casino deposits

E-Wallets

E-wallets are an incredibly convenient payment option for those who want to put money aside to play at an online casino, but don’t want to link their credit cards or bank accounts directly. As the name implies, e-wallets are electronic wallets that you can add funds to. You can only use as much money as you’ve added, making them a great way to ensure you don’t spend more playing than you mean to.

Neteller

Neteller began life in Canada in 1999 and quickly became one of the premiere banking methods for many online casinos, such as DundeeSlots Casino. At one time, it was processing payments for 85% of the gambling merchants around the world. Today, it is owned by PaySafeGroup and abides by regulations set by the United Kingdom’s Financial Conduct Authority. These regulations mean that there are certain countries where it cannot be used as a banking option for online casinos, but luckily, it can still be used in Australia.

Skrill

Another leading e-wallet company, Skrill is coincidentally also owned by PaySafeGroup. Skrill was founded in England in 2001 and was originally known as Moneybookers. While not as involved in online gambling as Neteller in its formative years, Skrill still quickly became one of Europe’s top e-wallets, and used in many Aussie casinos, like, for example, the highly popular Bizzo Casino.

neosurf and paysafe online casino deposit options

Vouchers

Vouchers, or prepaid cards, allow you to purchase codes from milk bars and shops and, like a gift card, use that money at online casinos. They’re an attractive banking method because they don’t need you to sign up for an account with a third-party company or share your banking information, but they’re only good so long as you haven’t used all of the money on your card.

Neosurf

Neosurf is one of the most popular payment methods for online casinos in Australia, such as Stellar Spins Casino, and it’s easy to see why. Cards are available at thousands of shops in hundreds of cities all over the country. You can also transfer a card’s remaining balance onto a new card, which is very useful when you have a card with only a few dollars left on it.

PaySafeCard

While it is not available at as many online casinos as Neosurf, PaySafeCard is another voucher that works in much the same way. It is another PaySafeGroup product, so punters who use it can expect the same best-in-class security that Neteller and Skrill offer. There are heaps of online casinos where PaySafeCard is on offer, such as, for example, QueenSpins Casino, and all you need to do is follow the instructions on the card to start using your balance to play casino games.

PayPal

Although PayPal is one of the most popular methods of payment used by online casinos worldwide, it is currently unavailable for Australian players. So, for now, Aussie players will have to use alternative methods to deposit funds from their casino accounts.

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Wire Transfers

When you send money from your bank account directly to a casino to make a deposit, or a casino sends your withdrawal to your bank account, it is called a wire transfer. Since they directly involve your bank, wire transfers are a highly secure banking method; as they don’t require you to sign up for another service, they’re also very straightforward.

However, wire transfers come with two major negatives, specifically when it comes to withdrawing. The first is that, because they cost money to enact, the casino will often take an amount or percentage out of your winnings to pay for the transfer. You can normally expect to lose around $50 due to this, though every casino has its own rules.

The second is that wire transfers may take some time to process, while other payment methods may be able to give you instant access to funds. Again, every casino is different, but it may take you some time to see your winnings if you choose to withdraw via wire transfer.

Deposit Options FAQs

Are there any deposit limits?

How are winnings paid?

How do I know which deposit options are available?

Should I choose an eWallet over debit or credit card?

What is important when selecting a deposit option?

Which are the most secure methods?

Which deposit options are faster?

Are there any deposit limits?

Most online casinos establish minimum deposit and withdrawals limits, and these are not always the same. For example, a casino may set a minimum deposit limit of $10 and a minimum withdrawal limit of limit of $50. There may also be maximum withdrawal limits, that are calculated daily, weekly and/or monthly. There are rarely any maximum deposit limits.

How are winnings paid?

Generally, winnings are paid back via the method you used to deposit your funds. However, this is not always the case and some casinos limit the withdrawal methods. It’s always best to check the payments terms and conditions before you make a decision. Bank transfers almost always attract a fee for withdrawals.

How do I know which deposit options are available?

When choosing a casino to play out, head to the cashier section, or the terms and conditions. Both areas will explain the payment methods available for both deposits and withdrawals. They will also provide you with minimum and maximum limits, processing time and details of any fees. You can then make an informed decision.

Should I choose an eWallet over debit or credit card?

This is entirely down to your personal preference. Both have advantages. The greatest advantage of an e-Wallet is your personal banking details are not being shared with the casino, or other providers you use. That said, banks are hot on security and your credit and/or debit card is secure. It could all come down to ease of use and whether there are any fees involved.

What is important when selecting a deposit option?

Firstly, you should think which method best suits you from a security and trusted point of view. The methods we talk about on this page are both secure and trusted. Secondly, you need to consider which deposit option suits your gambling lifestyle – do you want to manage your bankroll with vouchers, or are you a high roller with bank transfers proving the easiest method? It all comes down to what’s best for you.

Which are the most secure methods?

All the payment options above are safe and secure and use different methods to be so. The reputable casinos (the only kind we recommend) also keep your data and money safe with protection methods such as 128-bit encryption. Only use payment methods that are well-known and protect your identity and funds.

Which deposit options are faster?

E-wallets are generally the fastest deposit options. They are designed for instant use online and so are fully optimised for speedy payment methods. However, credit and debit cards also provide instant deposits.