When it comes to paying, online gambling players have several options to choose from depending on their preferences. Most online casinos accept multiple forms of payments such as credit cards, bank transfers, e-wallets, prepaid vouchers, and even cash. Some sites even allow visitors to fund their accounts using debit cards. If you are concerned about security, some sites offer additional features such as identity verification. But, for now, here are some of the most used payment methods for Aussie Players online.
Pay Pal
This is the most common form of payment in Australia. There are a lot of reasons why this method is so popular. One reason is that Paypal is easy to use and offers great support. Another reason is that there is no charge when making a purchase with them. However, they do take up to 50% of your total sales as commission fees.
Credit Card / Debit Card
Most people prefer PayPal because they feel more secure using their own credit or debit card. This is mainly due to fraud concerns. This also means you will need to pay extra charges for transactions made by your credit or debit card. As long as you stick to reputable sites, these charges should not be too bad.
Echeck
If you are an older player who prefers to play cash games, then Echecks are probably your best bet. Although they may require higher minimum bets than other methods, the advantage is that you don’t need a credit card to play. That said, if possible, we recommend choosing a site that accepts both credit cards and checks.
Prepaid Voucher
Prepaid vouchers are ideal for frequent gamblers. As long as you remember to withdraw all your winnings before exhausting your voucher, you can continue enjoying online gambling without having to worry about running out of money. The downside is that prepaid vouchers cannot be exchanged for real money. You can only redeem them for entries into prize draws or competitions.
Online Bank Accounts
If you have opened one, make sure you keep track of how much cash you carry around. It is recommended that you always ensure at least $100 worth of funds are available at any given time. When depositing money, it is highly recommended that you open a separate account solely for casino deposits. And never deposit larger amounts of money through your regular banking systems such as ATMs.
Neteller
The biggest benefit that Neteller has over other traditional payment processors is that you can buy your coins directly in pounds sterling with your own bank balance. This makes it a convenient way to transfer cash between different currencies. The disadvantage is that Neteller does charge a fee for each transaction. However, it is still less expensive compared to credit and debit card fees.
Skrill
Although Skrill does not have quite the same popularity as its competitors, Skrill is still accepted by many gambling websites. This is mainly because it allows instant withdrawals and there aren’t any hidden expenses like others. Skrill is fairly new though. A number of years ago, Skrill was known for offering poor customer service. For example, many international customers kept losing access to their wallets resulting in loss of money.
However, since then the company has worked hard to improve its reputation. Today, Skrill is considered reliable and safe for transferring money. Its main drawback is that you won’t receive notifications about withdrawal requests sent to your account. You will instead need to check the status yourself. Also, Skrill does not offer support for most countries outside Europe. Therefore, players from those countries shouldn’t use this method.
Boku
In recent years, Boku has emerged as one of the best ways to send payments online. Many large companies such as Starbucks now accept Boku as a form of payment. Because of this, users often report receiving an efficient service. The problem is that Boku is not widely used yet among casinos. Still, if you are able to find a website that uses Boku, you will definitely know exactly where your money is going once you hit “deposit”.
Boku works much more efficiently than other alternatives. Most importantly, it doesn’t cost anything. You will need to sign up on a new site and enter your email address. Then you must either choose the option to get a free Boku wallet or purchase bitcoins. Deposits go through instantly after verification. Payments can be made both for free and paid accounts. While the first type takes just a few moments to complete, the second one requires you to spend some Bitcoin.
Cryptocurrency
One of the latest trends in online gambling is cryptocurrency. This form of digital currency offers advantages to both casinos and users. There is no third party involved when depositing and withdrawing cryptocurrencies. Gamblers feel safer using crypto than fiat (cash) transactions as these are anonymous. Casinos also value this feature. In fact, most sites that allow Bitcoins come with bonus rewards and incentives for depositors. Some of them even give away free spins to encourage people to start playing.