When online punters choose a casino site, one of the first factors they consider is the site's deposit options. Australian players want online casino deposits which support Australian dollars, but they also want the best casino deposit options that support payouts with their favorite money transfer accounts. It's simply a matter of convenience and comfort. With that in mind, here's a list of the deposit options that Australian online pokies players have.
US Casino Deposit Options – The Legal Situation. When you deposit at a US online casino, you will be moving money internationally. These casinos are based offshore – in countries which allow and license gambling site operators. The reason for the industry being offshore is laws which prevent US banks transacting with gambling sites. Bitcoin is the most reliable option for online gaming transactions. Make deposits and receive withdrawals instantly to your bitcoin wallet. Transfer directly to your personal bank account, safely and securely. Click here to get info. A number of different ways exist to do this: in many cases you can initiate a wire transfer from your bank, or use an 'e-check' to deposit funds in your casino account. Another possibility is the use of an online banking system to make the deposit. Online casino deposit fees. Some online casino deposit options will charge you a fee for using the service, with the percentage changing depending on the service you use. Some casino deposit fees are more palatable than others, but services like Western Union and Moneygram's fees are that expensive they are almost not worth using.
Bitcoin
Bitcoin was the original cryptocurrency, launched in 2009 to facilitate cash transfers between online vendors and consumers. Using blockchain technology, Bitcoin gives punters access to fast, secure, private, and transparent deposits and withdrawals. This winning combination made the Bitcoin virtual currency system one of the most popular deposit methods for online gaming. It also spawned a number of imitators and rivals, such as Litecoin, Dash, and Ethereum. Also, Bitcoin Cash spun off from the crypto in 2016. Bitcoin is one of the best casino deposit options in terms of speed and safety.
Credit Card
Visa and MasterCard credit cards are the most common payment options. Both work as deposit methods at thousands of online gambling sites. Less frequently, Visa and MasterCard act as payout methods, but that is only possible in jurisdictions where online gambling is strictly legal and regulated. American Express is less common but remains a deposit option at many online casinos. Discover Card works at a smaller percentage of online casinos, but you'll need to call your bank to allow international transactions. In Australia, JCB and Diners Club International credit card payments work. Credit Card deposits are among the best casino deposit options.
Visa
Visa is the biggest credit card network in the western world. It is a consortium of over 20,000 banks and financial institutions worldwide with payments in over 190 countries. More online casinos accept Visa than any other payment method.
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MasterCard
MasterCard is the second-largest credit card network outside China. MasterCard also consists of over 20,000 banks and financial institutions, while also supporting online card payments in over 190 nations. Thousands of online gambling sites support MasterCard deposits.
Debit Card
Any online casinos which accept Visa and MasterCard credit cards will accept deposits with debit cards from the same companies. Debit cards, prepaid cards, and gift cards are money in the pocket for casino sites, so they sometimes offer bonus promotions for players who use debit cards. Look for MasterCard's Maestro or Visa's Electron or V-Pay cards. Although, in Canada, Interac debit cards are tied to Visa, while some US banks call theirs 'Visa check cards'.
PayPal
PayPal is a global online payment system based out of California. Several investors co-founded PayPal as Confinity in 1998, including Elon Musk (Tesla), Yu Pan (Yelp), and Peter Thiel (first outside investor: Facebook). By 2002, eBay bought PayPal and made it the official payment method of the online auction site. These days, PayPal supports online casino deposits in most European countries and other jurisdictions where regulated gaming exists.
POLi
POLi Payments is the leading online debit card for Australians. SecurePay Holdings, a fully owned subsidiary of Australia Post, now owns the POLi payment system. The Melbourne-based company's payment method is available for online gambling deposits in Australia and New Zealand.
Neteller
Neteller is the most popular e-wallet in the online casino industry. At one time, Neteller was synonymous with Internet gambling sites, but the US Department of Justice sought to end its association with gambling in 2005. Neteller emerged as a general online payment service that continues to serve punters worldwide. These days, Neteller is a part of PaySafe Group, along with former rivals Skrill and PaySafeCard.
Paysafecard
PaySafeCard launched as an Austrian online payment service in 2000. The PaySafeCard e-wallet uses a 16-digit code for verification and security. It proved to be a successful and popular payment method. The British digital wallet service, Skrill, bought PaySafeCard in 2013 and renamed itself PaySafe Group. Two years later, Blackstone Group and CVC Capital bought Skrill, creating the largest e-wallet network in the world. PaySafeCard is a safe and reliable deposit method.
Skrill
Skrill began as Moneybookers, one of the largest web wallets in the world. Once a top competitor with Neteller, both companies now are owned by PaySafe Group, which is based on the Isle of Man and the United Kingdom. Skrill, Neteller, and PaySafeCard continue to have different benefits and fee systems, but bettors should consider them equally safe and reliable. As of 2015, The Blackstone Group and CVC Capital Partners bought PaySafe Group.
UKASH
UKash was a UK-based voucher system launched in 2000 which had over 100,000 kiosks across Europe. In 2014, Skrill bought UKASH and merged it into its e-wallet system.
ecoPayz
EcoPayz is a secure online payment system which allows international money transfers. It also backs the EcoCard, a prepaid card which maintains a relationship with MasterCard. Players who want a layer of privacy between their online casino account and a bank account or credit card account can make deposits using their EcoPayz card. The card uses a 2-step verification system to maintain high levels of online security. Anywhere that MasterCard is available, EcoCard should work.
myCitadel
The MyCitadel e-wallet service is a longstanding payment method in the online casino industry. Australian players who have a myCitadel e-wallet account will find it useful at certain online casinos. Those without an account cannot acquire one, because myCitadel no longer opens new accounts.
EntroPay
EntroPay was a virtual credit card which allowed global money transfers. A majority of EntroPay cards were back by Visa. As of July 1, 2019, EntroPay closed down operations.
Wire Transfer
Wire transfer, also known as bank transfer, credit transfer, or bank wire transfer, is an electronic funds transfer method used widely throughout the world. Central bank wire transfer systems in most country handle the payment method. Once a transfer request is sent, the method allows electronic funds to move from an online merchant to a bank account. Wire transfers are common for online casino withdrawals, but they also allow for payments from a punter's bank account to the online casino. Wire transfers cost a fee and require longer to arrive, but are safe and secure.
eCheck
An electronic check is transferred over an ACH network and allows for money to be withdrawn from the payer's checking account. The ACH merchant account withdraws payments for goods or services from the bettor's bank account. Before this is done, the customer must authorize the payment with a signed contract, recorded voice conversation, or acceptance of a site's terms and conditions. Echecks are common at online casinos, though it takes several days to reach one's account.
iDeal
iDeal is an e-commerce paying system which is widespread in the Netherlands. Roughly 54% of adult Dutch consumers have an iDeal account. Most of the Dutch online banking industry participates, including ASN Bank, Van Lanschot, RegioBank, ING Bank, Rabobank, SNS Bank, Knab, Triodos Bank, bunq, Friesland Bank, and ABN AMRO. As one might expect, Australian punters cannot use iDeal at present.
PayNearMe
PayNearMe is a US-based mobile payment method that's partnered with 7-Eleven. The PayNearMe system allows payment at over 17,000 national and local billers. Customers pay using a convenient barcode scan. PayNearMe made history when it became a top payment method in the regulated New Jersey online casino market. Unfortunately, Aussie players won't be able to use PayNearMe.
InstaDebit
InstaDebit is a bank transfer payment method available in Canada. Many Canadian online casinos support InstaDebit payments, though Australian online casinos do not use InstaDebit.
Although many gamblers switched from land-based casinos to online operators in the past several years, moving money to and from your account on the Internet still remains a mystery to some people.
Luckily, we are here to explain some basic things when it comes to funding your casino account quickly and without beating about the bush too much. Depositing with the right method is important since it will guarantee that your money is safe and that you will not have to pay for any unnecessary fees. You should also know that plenty of these methods don't work both ways, meaning that you while you might be able to deposit using one particular method, it does NOT mean you can withdraw using the same.
In this guide, we will explain in detail how to make a deposit and which casino deposit options to use when gambling online.
Different Types of Casino Deposit Options
Depositing methods can be classified into several different types. The most common methods are credit/debit cards and eWallets, but you can also use plenty of online banking services, direct bank transfers, and, since recently, cryptocurrencies.
Credit and Debit Cards
Although many new payment options appeared over the last several years, most gamblers still use credit and debit cards as their number one choice for depositing. Here are the most popular services of this kind that almost every online casino accepts:
- Visa – The most widely used credit card service in the world is Visa. By being available in almost every corner of the globe, Visa is ideal for players who reside in smaller countries and who are restricted from using some other methods. Maximum deposit limits could be a bit low for some gamblers, but that depends on the website as well.
- MasterCard – Similar to Visa, MasterCard is a convenient way to fund your casino account. Rarely will you find an operator which does not accept this payment method, and of course, you can also use it for withdrawals.
- American Express – While it is one of the most prestigious credit card brands in the world today, American Express is not used as a casino deposit option as frequently as Visa and MasterCard. American players often use this method, but operators based outside of the US often don't include it as a deposit option.
eWallets
The digital age made us get used to the idea of paying for things over the Internet. This saw the rise of eWallets — payment services specifically designed for paying and receiving money through the World Wide Web.
Since they are convenient and allow for fast transactions, eWallets quickly became one of the most popular online casino deposit options. The main advantage of eWallets over credit cards is that you don't have to leave your banking details to the operator. Therefore, your sensitive information is safe. All you need to do is provide the casino with your eWallet information, which in some cases only includes an email address.
Here are a few popular eWallet services which are often seen in online casinos:
- PayPal – Being available in almost 200 countries and with an option for more than 20 different currencies, PayPal still holds the throne when it comes to eWallets. You can open a PayPal account in minutes by simply selecting your country of residence and providing an active email address. You can connect your PayPal account to your bank and transfer money seamlessly. Many casinos accept PayPal as a deposit option and transaction are usually completed in minutes.
- Skrill – Previously named MoneyBookers, Skrill is yet another in the line of well-known casino deposit options. While PayPal is found only on some major online casinos, medium-sized and small online operators accept Skrill much more frequently. You can also get a MasterCard card with your account and transfer money in over 40 different currencies.
- Neteller – Just like the previous two services, Neteller is an eWallet popular among many gamblers. Plenty of online casinos offer this deposit option. Additionally, you can get a Net+ MasterCard card connected to your account and use it to pay for services or withdraw money from ATMs.
Prepaid Cards
The best way to keep track of your gambling budget is to order a prepaid card. Some services which we mentioned, like Visa and Skrill, offer prepaid cards which are very easy to use. Just put the desired amount on your card and use it to deposit that money into your casino account.
The most widely accepted prepaid card among casino deposit options is Paysafecard card. It is available in over 40 countries and offers you several popular currencies to choose from. Union Pay is another prepaid service, and while it's available in over 100 countries, including the US, it's a bit rarer when it comes to online casinos.
Online Banking Transfers
Connecting your bank account directly to the casino is another way of depositing that's very popular. There are a few services of this kind that can be used by players from certain countries:
- iDebit – This is a Canadian-only online banking service currently supported by several banks. Simply create an account and connect it to your bank. Use the same banking credentials to deposit or withdraw money from an online casino which accepts this payment option.
- InstaDebit – Yet another online banking service that caters to Canadian customers, InstaDebit is often found as one of the casino deposit options on many websites. This service claims to support every financial institution in Canada, so linking it to your existing bank account should be easy.
- Giropay – German players love Giropay since it allows them to instantly transfer money to their casino accounts from over 1500 German banks. This service is mostly accepted on European casino sites.
Direct Bank Transfers
Even though this method is a little outdated, it still exists as one of the most common casino deposit options.
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The main advantage of direct bank transfers is that you will usually have higher limits for depositing, so if you're a 'high roller', this option is ideal for you. The downside, however, is that transaction times are much longer than with some other methods — you might have to wait several business days for the money to get transferred to your casino account.
Cryptocurrencies
Digital currencies have caught on in the world of online casinos as well. Cryptos like Bitcoin, Ethereum, Dash and Litecoin pop up on casino sites as new casino deposit options almost every day.
Since they are convenient and allow for fast transactions, eWallets quickly became one of the most popular online casino deposit options. The main advantage of eWallets over credit cards is that you don't have to leave your banking details to the operator. Therefore, your sensitive information is safe. All you need to do is provide the casino with your eWallet information, which in some cases only includes an email address.
Here are a few popular eWallet services which are often seen in online casinos:
- PayPal – Being available in almost 200 countries and with an option for more than 20 different currencies, PayPal still holds the throne when it comes to eWallets. You can open a PayPal account in minutes by simply selecting your country of residence and providing an active email address. You can connect your PayPal account to your bank and transfer money seamlessly. Many casinos accept PayPal as a deposit option and transaction are usually completed in minutes.
- Skrill – Previously named MoneyBookers, Skrill is yet another in the line of well-known casino deposit options. While PayPal is found only on some major online casinos, medium-sized and small online operators accept Skrill much more frequently. You can also get a MasterCard card with your account and transfer money in over 40 different currencies.
- Neteller – Just like the previous two services, Neteller is an eWallet popular among many gamblers. Plenty of online casinos offer this deposit option. Additionally, you can get a Net+ MasterCard card connected to your account and use it to pay for services or withdraw money from ATMs.
Prepaid Cards
The best way to keep track of your gambling budget is to order a prepaid card. Some services which we mentioned, like Visa and Skrill, offer prepaid cards which are very easy to use. Just put the desired amount on your card and use it to deposit that money into your casino account.
The most widely accepted prepaid card among casino deposit options is Paysafecard card. It is available in over 40 countries and offers you several popular currencies to choose from. Union Pay is another prepaid service, and while it's available in over 100 countries, including the US, it's a bit rarer when it comes to online casinos.
Online Banking Transfers
Connecting your bank account directly to the casino is another way of depositing that's very popular. There are a few services of this kind that can be used by players from certain countries:
- iDebit – This is a Canadian-only online banking service currently supported by several banks. Simply create an account and connect it to your bank. Use the same banking credentials to deposit or withdraw money from an online casino which accepts this payment option.
- InstaDebit – Yet another online banking service that caters to Canadian customers, InstaDebit is often found as one of the casino deposit options on many websites. This service claims to support every financial institution in Canada, so linking it to your existing bank account should be easy.
- Giropay – German players love Giropay since it allows them to instantly transfer money to their casino accounts from over 1500 German banks. This service is mostly accepted on European casino sites.
Direct Bank Transfers
Even though this method is a little outdated, it still exists as one of the most common casino deposit options.
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The main advantage of direct bank transfers is that you will usually have higher limits for depositing, so if you're a 'high roller', this option is ideal for you. The downside, however, is that transaction times are much longer than with some other methods — you might have to wait several business days for the money to get transferred to your casino account.
Cryptocurrencies
Digital currencies have caught on in the world of online casinos as well. Cryptos like Bitcoin, Ethereum, Dash and Litecoin pop up on casino sites as new casino deposit options almost every day.
Many people still don't quite understand how cryptocurrencies work, but that's a topic for another article. If you are, however, familiar with cryptocurrencies, you will be happy to know that you can use this method on a lot of online casino operators nowadays.
The best thing about this method is that you remain anonymous and don't have to share any of your banking details with the operator. Also, the deposit limits are high and there are no transaction fees included.
Fees, Limits, Transaction Times, and Possible Restrictions
All casino deposit options look great until you learn about their fees. Transaction fees mostly depend on the casino website itself, and some are higher than others. For this reason, it is best to check the terms and conditions page on each website and see whether you can find some information regarding deposit fees for different payment options.
Deposit limits might also be troublesome for some gamblers. Again, that depends on the casino itself, so you should check the T&C page. Crypto deposits usually have the highest limits, while prepaid cards and certain eWallets tend to have the lowest.
As for transaction times, most methods allow you to deposit money into a casino account almost instantly. There are a few exceptions, like the direct bank transfer, for example.
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Make sure that a payment method you chose is accepted on the website that you are planning to gamble on. Also, check whether any of these payment methods are available in your country of residence to begin with.
Online Casino Deposit Options
