Picking the best payment method for AU online casinos

Like iGaming sites, online casino payment methods are just as divergent in several areas. A preferred payment solution will have a massive impact on your gameplay based on its pros and cons. Therefore, it's important to analyze your choice against several factors. Here are some of the aspects you must consider when choosing a payment method.

Online casino withdrawal times

Processing speed is key when withdrawing your winnings. Of course, no one wants a slow payment solution that takes days to process your winnings. Cryptocurrencies and eWallets are popular for their fast transactions. Bank transfers and cheques are usually slow.

While processing times for individual payment methods may be fast, online casinos also impose standard withdrawal times for each cashout request. In that case, you want to check the standard waiting period.

Minimum deposit limits

Most individuals are casual gamblers. They're not packing hundreds or thousands of dollars. Chances are you fall in this category. Therefore, you want an Australian payment solution that accepts low deposit amounts.

The industry standard ranges between $10 and $20. Although an iGaming site that sets its limit at $30 is still reasonable. Anything beyond this is quite high. Some payment solutions also have their transactional limits. Bank transfers generally set their minimum deposit limits rather high.

Banking fees for online casino payment options in Australia

One of the most important aspects players consider when choosing the best online payment methods in Australia is banking fees. Some payment solutions may have fees while others may be free depending on the transaction. Plus, the fees could be high while others may be affordable.

The best way to go about this is to read the terms and conditions on each platform. This gives a clear picture of what to expect. Hidden fees are quite common and some online casinos may push a certain payment method by associating it with exciting deals.

Popular payment methods for Australian online casinos

Australian online casinos offer a range of simple and easy banking services for their customers. That brings up the question, “which payment service should you choose? “ We take you through some of these options to help you make an informed decision.

Mastercard

Mastercard is one of the popular payment methods in online casinos. It comes as no surprise considering the company is a global leader in payments. The company issues credit and debit cards in conjunction with some of the largest banking institutions in Australia. Some of these banks include Commonwealth Bank, Westpac, Bankwest, and Bendigo Bank.

These cards are easily available since many Australian gamblers already own one of them. That means they are readily available to start depositing and withdrawing funds in their preferred online casinos.

Visa

This is another popular payment solution synonymous with security and efficiency. It's these aspects that make it a widely accepted banking solution at many online casinos whether it's depositing or withdrawing funds.

Like Mastercard, it issues debit and credit cards. However, there have been changes in local regulations, with the Australian Banking Association supporting a move to ban credit card gambling. Other than credit/debit cards, Visa also issues prepaid cards. You can use this option for both offline and online purchases, or even depositing funds into your casino account.

Neosurf

This is one of the best online casino payment methods in Australia. The reason for this is the anonymity the service offers to players. Plus, it's reliable and safe for online transactions. Keep in mind that Neosurf is a prepaid voucher.

That means you need to buy a voucher from a retail outlet. Each card comes with a unique PIN. You must enter this PIN at your casino's cashier section. That's all. No need to provide extra documents. But the only drawback associated with this banking solution is you cannot withdraw funds since it's a prepaid card.

ecoPayz

Previously known as ecoCard before rebranding in 2013, ecoPayz remains one of the most preferred online payment services. It's this reputation that also makes it the best payment option for online casinos in Australia.

Another outstanding aspect is its immediate transactions. What you need to do is transfer funds from ecoPayz to your online casino account. That should take no more than a few seconds. Withdrawals are equally fast. But your casino's pending withdrawal time has a significant bearing on how fast you'll receive the winnings.

Cryptocurrency and stablecoins

Cryptocurrencies continue gaining popularity since they first became a payment solution in the iGaming world. It doesn't come as a surprise considering the reliability, safety, and security features that all gamblers look for. Anonymity is another advantage of using cryptos and that means you don't have to worry about privacy or identity theft.

Bitcoin is the most popular cryptocurrency although there are others such as Ethereum, Litecoin, Tether, and Dogecoin. You can find Bitcoin in several online casinos, which emphasises its massive uptake by Australian gamblers. Reviews on several casinos also show they often offer players various bonus options should they deposit funds using cryptos such as Bitcoin.

eZeeWallet

Apart from being a popular payment solution in New Zealand, eZeeWallet is also common among Australian gamblers. Besides, it accepts Australian dollar transactions. If you've used Skrill or PayPal, you'll have an easy time using this eWallet.

You can use other eWallets or credit/debit cards to fund your account. Afterward, choose eZeeWallet at the cashier and enter the deposit amount. Provide your eWallet login credentials and authorise the transaction. Like PayPal and Skrill, the transactions are instant and it's no surprise that Australian players love this eWallet.

POLi payments

Also ranking among the most popular online casino payment options in Australia is POLi. It's an internet banking service, which means you must connect your POLi account to a preferred bank. By doing this, you avoid submitting your credit card details, thereby maintaining your privacy.

To deposit funds using this service, choose POLi from the list of deposit options at the cashier. You'll then enter the amount and click on ‘deposit'. This action will redirect you to a payment pop-up window where you must choose a bank of choice. Log in to your online banking using your credentials and fill in all the details. Confirm everything and authorise the deposit.

MiFinity

MiFinity is one of the payment methods for online casinos Australian players can use for deposits and withdrawals. It's owned by MiFinity UK Limited, a company based in the UK. It boasts a licence from the FCA and over 15 years of experience providing online payment solutions in different sectors including online gambling.

You can use the same credit/debit cards, other eWallets, or prepaid cards to fund your account. Afterwards, you can use these funds to top up your online casino account. Choose MiFinity at the cashier and enter your login details in the pop-up window. Enter the amount you wish to deposit and confirm the transaction. The funds will be available in your account instantly. You can then use the money to play any game, live dealer releases, table games, or pokies. It's up to you.

UPayCard

This payment method offers several money transfer solutions. There's a UPayCard eWallet which works similar to Skrill and Neteller. Then you have the UPayCard physical and virtual prepaid cards. The prepaid cards work the same way as MasterCard debit cards. You can link the card to your bank account and use it to fund your UPayCard account.

To use the eWallet, you need to create a UPayCard account for free. Afterward, navigate to the cashier section at your preferred Australian mobile casino and choose this option from the provided list. Enter the amount you want to deposit and the pop-up window that follows will ask you to log in to your UPayCard. Authorise the transaction and the finds will be available in your account immediately.

BPAY

This is a bill payment service launched in 1997. Its popularity in many countries arises from its secure, convenient, and fast bill payment solutions, though Australian players tend to use alternative payment options rather than BPAY.

This payment solution partners with several Australian financial institutions to offer seamless transactions to Aussie players. You don't need a BPAY account. Instead, an account with a preferred online casino is what you need.

Next, head to the cashier and choose this service from the list of deposit methods. Enter the amount you wish to deposit and confirm this figure. The service will present you with a Biller Code and a Customer Reference Number to complete the payment.

You'll also need to access your online banking service. Enter the required details including the BPAY code and the casino's CRN to authorise the transaction. The only downside to this payment service is you cannot use it for withdrawals.

CashtoCode

This is one of the common online casino payment methods in Australia, owing to its availability. It's a simple payment solution since it uses a voucher system. That means you need to purchase a voucher at a retail store to use for online transactions. The biggest benefit of using CashtoCode is that you don't need to provide too much information about your banking details.

Once you find an AU mobile casino that accepts CashtoCode, head to the cashier section and select this option. A new window will pop-up prompting you to enter the deposit amount. You'll be redirected to the official CashtoCode site with recommended stores to complete the transaction.

You'll also receive an auto-generated barcode, which you'll present at the store. After verification by an agent at the store, you'll need to pay the specified amount. The money should instantly reflect in your casino account.

Best Payment Options for AU Mobile Casinos

The use of technology to place bets is constantly on the rise in Australia. A survey conducted between 2014 and 2018 showed that 34.1% of respondents placed a bet online or used an app. With this in mind, the demand for safe and secure payment options for AU mobile casinos is on the rise. Actually, the scope of banking options is almost the same for desktop and mobile, so all the services listed above are perfectly available in AU mobile casinos.

Conclusion

It's clear there's no shortage of online casino payment methods in Australia. The different options explained in this article provide safety, which is of utmost concern for any player. Therefore, you can rest easy knowing you can deposit or withdraw funds without unauthorised third parties sniffing your sensitive data.

So, which is the best payment solution? There's no definitive answer. The best payment method depends on your preferences. It also depends on the online casino you choose. Some may have fewer options or they may have additional aspects such as withdrawal fees. Either way, we've done the heavy lifting for you to help you make the right choice.