Online Casino Banking Methods for 2022
Donald | December 31, 2021 | Updated on: December 31st, 2021
When you are playing at real money online casinos, it is important to take note of the casino banking options available. Different payments methods are available for Australian players at the top online casinos. What’s more, they accept the use of the AU$. When deciding on which online casino banking method to choose, be sure to check the processing times and the limits.
Please find out about the best online casino payment methods and how they work from our guide below. We list the most popular casino online payment methods.
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Best Online Casino Payment Methods
Whether you are a player willing to share their banking details or rather remain anonymous while playing at internet casinos, there is an option for everyone. All the online casino banking options available are safe to use, especially when playing at a regulated casino.
There are different types of payment options that you can choose from, and we discuss the types further down. In this section, we list the best online casino payment methods available to Aussie players.
Visa and MasterCard
Most internet casinos offer these banking options for real money deposits and withdrawals. However, there are only a few that offer them for withdrawals. You will be able to find these popular banking options the best casino sites for Australian players. When you use these payment methods, you only need to enter your card details, and you are good to go.
Neosurf
This banking option is perfect for players that prefer not to share their banking details with the casino. Neosurf is a prepaid card then you can link with your casino account to make deposits. You will first register an account with the banking option before using it for your real money playing.
Bitcoin
A lot of Australian casinos supports this popular cryptocurrency. It is one of the fastest payment options available online and has low fees. The advantage of using Bitcoin is the anonymity that comes with using it. You can expect your transactions to be instant, whether making deposits or withdrawals.
UPayCard
Aussie players can use this e-wallet option to make deposits and withdrawals at casino sites. All the transactions made with UPayCard are instant. You will have to create an account with UPayCard before you can use it to make casino transactions. You will use this account to make deposits and withdrawals at the casino.
Bank Transfer
This banking option is suitable for Aussie players who prefer to make a large deposit into their casino account. It is also ideal when you are withdrawing a large amount of money at the casino as well. However, the processing times for Wire Transfers take longer compared to other payment options. What’s more, there are additional charges for using this option.
PayPal
PayPal is another e-wallet service that Aussies can use for real money casino gaming. It is one of the popular e-wallets at casinos. It works the same as all the other e-wallet options, where you will have to create an account on the PayPal website and link it with a casino of your choice. The PayPal account is the one that will be linked with your bank account.
POLi
The Australian Post offers the service of POLi to make internet transfers without being charged additional fees. What’s more, you will not be required to create an account to use this option. You will be able to make a direct transfer into your casino account using POLi.
Neteller
Another e-wallet option is popular at Australian casino sites. It offers the best customer protection and is used a lot for real money gambling. You will create an account on its website and link it to the casino account. There are hardly any fees involved when using Neteller.
How to Make Deposit
It is simple to make deposits, and they are quick. Most casinos will use the same process for deposits with minor details. You can follow the simple steps below to make deposits.
- Sign up or into a casino of your choice.
- Head to the banking or cashier section.
- Choose the banking method of your choice and fill in the details required.
- You then enter the amount that you want to deposit.
- Click the submit button to complete the process.
- Depending on the banking method you have chosen, your fund will reflect immediately in your casino account, or you will wait according to the times allocated.
Most casino banking options are instant with the exclusion of wire and bank transfers.
How to Make Withdrawals
Withdrawals are also simple to do and also have an easy-to-follow step by step. Some of the banking methods that are available for deposits may not be available for cashing out. This means that you will have to choose another option for cashing out.
What’s more, some of the instant options for deposits may not be instant for withdrawals. Here is a simple step by step on how to make withdrawals.
- Head to the banking or cashier section.
- Choose a payment method and fill in the details.
- Enter the amount you want to withdraw.
- Wait for your transaction to be processed.
- You should receive your funds within the time allocated for the payment method you decide to use.
Note that the withdrawals take long because the casino will do a security check to ensure that the person requesting a withdrawal is the same person who created the account. However, the withdrawal lag period also affects how long it takes to make a withdrawal.
Types of Online Casino Banking Methods
As we have mentioned, there are different kinds of payments methods available to Aussie players. The popular casino banking methods that we have mentioned above fall under the types that we list below.
- Credit and Debit Cards – these cards are linked to your bank account and be used to transfer funds to your casino account. You will use the card details to make the transfer that will be immediate.
- e-Wallets – known as the digital wallet- an intermediary for transactions between your bank account and casino. You will transfer money from your bank account into your e-wallet and then to the casino account and vice versa for withdrawals.
- Prepaid Cards – you can top up these cards using vouchers and is not linked to your bank account. There is no need to create an account to use them and no personal details to use them.
- Cryptocurrencies – are digital currencies that have their value and are affected by the speculators used in stocks and shares. They offer anonymity and instant transactions.
- Bank Transfers – you will transfer your funds directly from your bank account to your casino account with this option. However, they take longer in processing times as compared to the other options.
Casino Banking Processing Times and Fees
Each casino payment method has time on how long it will take to make deposits and withdrawals. However, depending on the casino you are playing at, other variables affect its times for deposits and withdrawals. Moreover, some of the casino payment methods will have fees that you will pay for using them.
Below we list the casino banking methods and their allocated times and fees.
| Banking Method | Deposit Times | Deposit Fees | Cash Out Times | Cash Out Fees |
|---|---|---|---|---|
| Visa & MasterCard | Instant | No Fees | 2 – 8 Days | No Fees |
| Neosurf | Instant | 1% | N/A | N/A |
| Bitcoin | Instant | Minor Fees | Instant | Minor Fees |
| UPayCard | Instant | No Fees | N/A | N/A |
| Wire Transfer | 1 – 7 Days | Bank Dependent | 1 – 3 Days | $25 – $50 |
| POLi | Instant | No Fees | Instant | No Fees |
| Neteller | Instant | No Fees | Instant | No Fees |
| PayPal | Instant | No Fees | Instant | No Fees |
Online Casino Banking FAQs
Visit the cashier pages, choose a banking option, enter the amount you want to deposit and complete the deposit process. You will then wait for the fund to appear in your casino account.
Visit the cashier pages, choose a banking option, enter the amount you want to withdraw and complete the withdrawal process. The casino will require account verification before they complete the withdrawal process.
Yes, you can withdraw money at the casino. However, you will need to ensure that you have met the wagering requirements to claim any bonuses. You will not be allowed to make any withdrawals unless you complete them.
No, you don’t need to have a bank account for online gambling. There are payment options such as prepaid cards that do not require a bank account for you to use them. You can use prepaid cards to fund your casino account.
It will take 4 – 10 business days for you to get your winnings at an online casino. However, there are banking methods that you can use that will get you your winnings instantly.
Yes, you can use your Visa, MasterCard or even American Express credit cards for online gambling. You will use your card details when making a deposit or withdrawal.