When it comes to depositing money at online casinos in Australia, you have a variety of options available to choose from.
However, this begs the question: Which one should you choose, and more importantly, which one’s the safest?
Well, it depends on a variety of factors and your specific needs. But worry not, as this post will help you choose the best option based on what you’re looking for.
Types of Payment Options at Australian Online Casinos
- Debit cards
- Prepaid cards and vouchers
- E-wallets
- Cryptocurrencies
These are the four main types of payment options that you can use to play casino games for real money in Australia. Let’s check them out in more detail.
Debit Cards
- Visa
- MasterCard
- Maestro
When it comes down to ease of use and popularity, debit cards will always come first. They are easy to use and fully secure, and all Australian gambling sites accept them.
The minimum deposit for these payment options is usually A$20, and casinos won’t restrict you from getting the welcome bonus when using this method (as opposed to other payment options, but more on that later).
That being said, there are a few downsides to using them.
First off, there may be fees associated with your deposits, and debit card withdrawals are typically not an option. If you deposit via a debit card, you will need to withdraw via a bank transfer.
It’s also worth noting that credit cards have been banned from Aussie casino sites, so you’ll only be able to use debit cards to play.
Prepaid Cards & Vouchers
- Neosurf
- Paysafecard
- Flexepin
When it really comes down to safety, prepaid cards like Neosurf are the safest options to spend money online – including making deposits at online casinos.
They are available to buy at specific stores across the country, and plenty – if not all – online casinos accept them (especially Neosurf).
Another amazing thing about using them is that they are limited to the amount of money you bought them for, which allows you to control your gambling habits and never dip into funds that you can’t afford to lose.
Naturally, there are downsides to prepaid cards and vouchers as well – the deposit limits are usually lower, and you can’t use them for withdrawals.
E-Wallets
- Neteller
- MiFinity
- Skrill
E-wallets are good for two things, primarily: 1-tap deposits and fast payouts. Of course, they are as safe to use as debit cards – perhaps even more so since you’re not revealing any of your banking information when using them to deposit at casino sites.
The downside is that many AU online casinos will exclude you from getting a bonus when you use them. In addition, not many online casinos accept them.
Cryptocurrencies
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Tether (USDT)
Cryptocurrencies are the newest means of depositing money at online casinos, and their popularity is rising by the day.
There are multiple reasons why, including much faster payouts, bigger transaction limits, and access to exclusive bonuses.
Because crypto transactions are verified on the blockchain, they can sometimes be processed in as soon as 5 minutes. So, you could land a sizable win at an online casino and have your money in your digital wallet within minutes.
This is not possible when using other payment methods and is the main reason behind crypto’s popularity.
The downsides? Cryptocurrencies are volatile, and there’s every chance that they’ll lose value as you play using them. Plus, while you have them in your online casino account, you won’t be able to quickly react to price chances or any news about their value.
Using Payment Methods at AU Online Casinos – FAQ
Are There Any Deposit And Withdrawal Fees?
Whether there are fees on the deposits and withdrawals you make at online casinos will depend entirely on the payment method you’re using, your bank, and the online casino itself.
Typically, vouchers and cryptocurrencies are exempt from fees, but you should always double-check this information before you deposit.
Which Payment Method Should I Use For Fast Payouts At Online Casinos?
For the fastest payouts at online casinos, you should use cryptocurrencies. Most online casinos will process your payout within 12 hours, after which the transaction will be delivered to your digital wallet within 10 minutes at the most.
What Is The Safest Payment Method For Online Gambling?
The safest payment method for online gambling in Australia is prepaid cards, such as Neosurf. Not only are all transactions completely safe and secure, but you won’t be able to recklessly place deposits and lose money that you didn’t intend to.
So, not only are vouchers and prepaid cards secure, but they help you gamble responsibly.
Verdict
So, have you decided which payment method to use?
If you’re familiar with crypto, then we definitely suggest you use this payment method to take advantage of bigger bonuses, faster payouts, and fewer transaction fees.
Most online casinos in Australia accept them, so you won’t have trouble finding one.
If you’re not comfortable with crypto, prepaid cards like Neosurf are likely the best option.
Thanks for reading!
