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Banking methods are an important feature when choosing an online casino. Our AIP experts have stepped up and reviewed the main casino deposit options available to Aussies to help you choose the right one for you.
Table of Contents
The number of options can be confusing, just like the various possibilities and restrictions that come with each casino banking method. These are the following banking options we’ll cover.
Keep reading to find out more about these popular deposit options in Australia.
Credit cards and debit 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 provide punters the use of Visa or Mastercard. Some casinos may also let players deposit with American Express, Discover Card, JCB, or Diners Club International.
Banks or bank holding companies issue credit cards and extend users a certain amount of credit upfront. That credit must be paid back over time, typically with fees and interest. That’s why Australian regulators have announced a ban on credit card gambling. When this happens, debit cards will remain the only valid card option for Aussies.
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. About half of all card transactions globally are done through Visa; 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.
Visa casino deposits are instant and typically without fees. The transaction limits are solid and vary by provider. Players from Australia usually will see Visa among the casino deposit options, but some restrictions regarding cashing out may apply.
Mastercard, Visa’s biggest competitor, was established in 1966. It is accepted at most casinos, such as Joe Fortune Casino. Everything that can be said of Visa is true for its rival; no matter your company choice, you can expect your transactions to be protected. Select casinos may also accept Maestro, the debit card subsidiary of MasterCard.
Mastercard ensures fast processing from and to casino accounts. Some processing fees may apply from your card issuer. Casinos don’t charge anything on deposits and withdrawals by Mastercard. The limits are reasonable and identical to ones related to Visa casino banking.
Cryptocurrency has really come into its own over the last ten years. It’s expanded to the point where online casinos accept multiple different types of coins as payment methods. As the most well-known and popular cryptocurrency, Bitcoin is by far the favourite for gambling sites. Still, it’s not unusual to see Ethereum, Litecoin, Ripple, Dogecoin, and other cryptos as banking options.
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. Or nearly immediately, as completion time depends on the network’s traffic.
Bitcoin can be a bit confusing for those without experience with cryptocurrency because it’s not usual to see amounts like 0.00006 BTC. A single Bitcoin, 1 BTC, is often valued at tens of thousands of dollars. So, it needs to be broken up into more reasonable, usable amounts.
In any case, those looking for reliable, private, fast online casino payment methods often appreciate what BTC offers. To learn more about Bitcoin and using it as a deposit method, please visit our Bitcoin Casinos page.
As the popularity and reach of cryptos grew, so did their acceptance as casino payment methods. These days, many Aussie casinos have started accepting other popular cryptocurrencies, such as Ethereum, Litecoin, Dogecoin, Tether, and more.
Moreover, you’ll see services such as CoinsPaid and Jeton that let you instantly convert dozens of crypto coins. You can then deposit and cash out from your chosen AU gambling site using those cryptos.
E-wallets are an incredibly convenient payment option; especially for those who don’t want to directly link their credit cards or bank accounts. 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. This concept makes them a great way to ensure you don’t spend more playing than you mean to. E-wallets are among the most widely accepted online deposit options, and the top picks for Australians are:
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 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. Luckily, it can still be used in Australia.
Neteller ensures instant and free casino deposits and withdrawals. It also has good transfer limits for all types of players. Sometimes, it may be excluded from bonus offers.
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. It’s used in many Aussie casinos, like, for example, the highly popular Bizzo Casino.
These days, Skrill has a versatile offer for its members, including loyalty perks and the option to buy cryptocurrencies. As an online casino banking method, it’s fast, free, and secure. Like Neteller, it sometimes can’t be used for claiming deposit bonus offers.
ecoPayz – or now Payz – is an e-wallet that’s quickly expanding on the payments scene. It allows users to move money instantly and safely. ecoPayz started its journey as the Ecocard back in 2000. It rebranded once in 2013 to ecoPayz and one more time in 2023 when it settled for the simple Payz brand name.
ecoPayz is especially popular among Australian and New Zealand consumers. That’s why many gambling sites targeting these audiences work with the method. It enables instant payments and withdrawals. Casinos often have no processing fees, while the ones applied by the company are small. There are often no bonus restrictions associated with ecoPayz casino banking.
eZeeWallet is another e-wallet typically used by Aussies and Kiwis. It has low fees alongside high security standards and works for both depositing and withdrawing. eZeeWallet works in over 180 countries and serves various purposes aside from being a casino payment method.
In every other aspect, eZeeWallet is similar to ecoPayz. Expect no processing fees applied from operators and no bonus restrictions.
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.
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. However, they’re only good so long as you haven’t used all of the money on your card. Plus, they often can’t be used for withdrawing your winnings.
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 only a few dollars left.
While it is not available at as many online casinos as Neosurf, PaySafeCard is another voucher that works similarly. 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.
CashtoCode is a service offered by Funanga AG, a UK-based company. In its essence, the product works like a prepaid voucher. You use cash to get a code, which is then used for making online payments. The service has been around since 2013 but got popular among online gamblers only recently. CashtoCode has geographical restrictions, low deposit limits, and no withdrawal option. It’s still relevant for low rollers who wish to keep their banking details private.
Sending money from your bank account directly to a casino, or when a casino sends your withdrawal to your bank account, is called a wire transfer. Since they directly involve your bank, wire transfers are a highly secure banking method. They don’t require you to sign up for another service, so they’re also very straightforward.
However, wire transfers come with two major negatives, specifically when it comes to withdrawing. The first is the processing fees. 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 casino payment methods may 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.
PayID is a popular money transferring service in Australia. It simplifies online bank transfers by utilising a simple confirmation process. Instead of adding plenty of private details, you use your phone number or email address instead. To use PayID, you need to set up an account first. However, you are then in for fast and convenient PayID bank transfers. PayID casinos are becoming increasingly popular among Aussies. It’s not clear for how long the service will support money transfers to and from international casino sites, though.
When considering different online casino payment methods, knowing what you need is vital. Crypto-savvy users will always go for cryptocurrencies, while those who want privacy will probably go with prepaid vouchers. Some other typical possibilities and restrictions will make some casino deposit options better than the rest; for some types of players, at least.
Below, we’ve listed and briefly covered the aspects you must pay attention to when choosing an online casino banking method.
Australian users can play online casino games at international gambling sites only. It’s perfectly natural for them to wonder if making payments and sharing details with such operators is safe. The thing is – every time you provide banking info or card details, you are taking a certain risk. However, all the sites we recommend have been vetted and tested. They all impose high security standards.
Moreover, the casino deposit options we’ve covered here are all operated by trusted companies. Many of the entities hold certification and licensing from reputable bodies that oversee their operations. Therefore, you have nothing to worry about when making card, e-wallet, or bank transfers to online casinos.
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.
Generally, winnings are paid back via the method you used to deposit your funds. However, this is not always the case; some casinos limit withdrawal methods. It’s always best to check the payment terms and conditions before deciding. Bank transfers almost always attract a fee for withdrawals.
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.
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.
Firstly, you should think about 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.
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.
E-wallets are generally the fastest deposit option. 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.