Arnold Carignan | August 7, 2020 | Last Updated on: December 29, 2020
We have tested the most common online casino payment methods so that our readers can get not only a detailed overview of the casino but everything related to them.
Online casinos differ in many ways, which is important to players. Among the deciding factors are the payment methods offered, each with different advantages or disadvantages. Most newcomers to online casinos need to register with the casino of their choice and choose the most convenient payment method for them.
You should also be aware that almost all online casinos now accept Visa or MasterCard credit cards. But be sure to read how long it takes to deposit and withdraw funds or what discounts and commissions you can expect.
Important issues were not ignored, either. This includes the following points:
- What is the commission charged for the selected payment option?
- How safe is it?
- How quickly are deposits and withdrawals made?
- Which online casinos offer this payment option?
- How many or what currencies are supported?
- Who can register with these payment methods?
- Are there any special discounts when using certain payment methods?
When online gambling was in its infancy, payment methods remained a serious problem and, at the same time, a very difficult obstacle for players and providers.
Some means of payment, such as bank transfers or credit cards, sometimes take too long to find your money in the player’s account. Or you may not meet certain conditions to receive a credit card bill.
Meanwhile, this problem has been solved because, with the rise in popularity of online games, the range of payment methods has increased accordingly. Now there is a suitable online payment solution for every player.
Payment Methods at Australian Online Casinos
Millions of people around the world enjoy online casino games. This form of gambling has gained popularity since the first online casino games were launched. There are about 90 countries where online casinos are allowed to play. Some of them include Australia, New Zealand, Spain, France, Germany, Canada, Norway, and the UK. It is said that 60% of adult Australians play casino games. Therefore, Australians play mostly regular online casino games.
Online casino games reduce your costs at the lowest level and allow you to invest your money for your enjoyment. Important features of online casino banking are listed below.
The main ways to fund your online casino account in Australia
Before you start playing online casino games, you need to verify your details by sending copies of your driver’s license or passport and confirm your bank details for deposit and withdrawal. In most cases, Australian online casinos support credit card withdrawals, but you will need to check it with customer service.
You cant deposit by either using:
The bank transfer method allows you to transfer money from your bank account directly to the casino account. This type of transfer does not require much effort and therefore is one of the most convenient methods for players. In some casinos, you can also use online cheques.
Credit or Debit Cards
Besides bank transfers, players also tend to deposit money using their credit or debit card. There is no need to create a new account; players can use their existing debit/credit card details to deposit money. Supporting cards: Visa, MasterCard, Maestro, and Amex. It has been observed that many Australians do not agree to share their credit card details; however, many find this convenient.
Any E-Wallet of Your Choice
Currently, various electronic wallets on the market also offer cash refunds if transactions are made through them. The use of electronic wallets also limits the ability to disclose bank details. Consequently, it is also one of the popular ways of making transactions. List of E-wallets, which are supported in all online casinos:
- My Citadel
Western Union Money transfer
You can also deposit cash via Western Union money transfer if you are not comfortable using online payment methods.
You can also use your prepaid cards to transfer money to the casino account. Neosurf is one of the supported prepaid cards.
Once you have decided upon the banking method, follow the below-mentioned steps for a cash deposit.
- Go to the online cashier
- Choose your banking method
- Enter your debit or credit card details, bank account number and type, or e-wallet address.
- Enter the amount you will deposit
- Click on “Submit”
Updating details takes no more than 60 minutes, after which you can start the game.
The methods of withdrawal are almost the same as deposits. It is Australian online casinos’ policy that you should withdraw money using the same payment method as you made deposits. Once you have completed all the options, you can start withdrawing money.
- You can withdraw money to your credit card, and it’s free.
- Withdrawing money by bank transfer will cost you something extra.
- Withdrawals to electronic wallets are also free. However, if you withdraw money from an electronic wallet, you will have to pay a certain amount.
To make a withdrawal, you need to:
- Log in at the online casino using your user ID and password.
- Choose the online cashier (banking) and click on the withdrawal option.
- When all the withdrawal options are displayed, choose the one that you had selected for deposits.
- Enter the amount that you want to withdraw.
- Click on the “Submit” button.
There are limits on withdrawals imposed by online casinos. E-wallets and credit cards have lower minimum and maximum limits than a bank transfer. Thus, this method is suitable for people who want to play with less real money.
Reverse withdrawal means cancellation of the withdrawal request. The online casino has a time limit, after which they will start processing your withdrawal request. Once you have applied for a withdrawal and want to change your mind about canceling your withdrawal request, you can do so within the specified time, and the casino will not start processing your withdrawal request. You will be able to check your casino account balance. This grace period is granted to players to correct any errors they may make when requesting a withdrawal. For example, if a player has entered an incorrect amount, they will have the option to cancel that request and set a new one. Many Australian online casinos limit the withdrawal period to 24 hours.
Precautions and Safety
You may have to experience a wary feeling when banking at any online casino. Therefore, we offer you some tips for a secure transaction:
Always try to keep your information safe. You can do this by keeping your computer, tablet, or mobile device in a safe place and not giving your password to others.
Check if your data is encrypted. Try a casino that has 128-bit encryption. This is a standard security measure.
When you use an electronic wallet as a banking transaction method, make sure that the casino supports the payment system of your choice.
We hope that all the points discussed above will give you clarity on banking methods for Australian online casinos. Play safely and responsibly!
Withdrawing Real Money at Online Casinos
Withdrawing real money at an online casino is something every real money player will want to do at some point. However, there are some obstacles and important elements that you must consider before depositing and then withdrawing funds accordingly. Online casino withdrawals have their own set of rules that you need to understand before withdrawing money.
Important note: If you want to withdraw real money from an online casino, you must first make a deposit. No secure online casino will allow players to withdraw bonus money as this violates license rules. Therefore, you must invest real money to be able to withdraw real money.
Online casinos are always fighting against being called unsafe. This is not least because we are talking about real money that can be lost if there is no guarantee of real money withdrawal in an online casino.
So, how can you protect yourself so that sooner or later, you can withdraw the desired amount of real money in an online casino? There are several points that you should pay attention to before creating an online casino account.
Things to consider when withdrawing money from an online casino
There are several details to consider when withdrawing real money from an online casino before withdrawing it. You are probably already familiar with some of them, but if not, then it will prevent unpleasant moments.
Read our online casino withdrawal checklist to be prepared for anything:
Make sure you have made a deposit
A secure online casino will not allow you to withdraw real money unless you have made a real deposit. This is determined not only by the casino licensors but also by the online casinos themselves since otherwise money launderers will be given complete freedom of action.
In addition, it also happens that a casino bonus in this sense is not free money but a type of reward that will sooner or later have to be unlocked.
Choose a suitable payment method
Depending on what payment methods you have, you should also use them in an online casino. However, make sure that if you want to receive an online casino real money payout to a specific account, you must also make a deposit using the appropriate method.
Check how long it takes to complete the transaction
The processing time depends on which payment method you wish to use. Withdrawing real money from an online casino will need to be processed by your bank. This can be annoying for many players, even if it is a completely normal process.
Check general security at online casinos
Before registering with an online casino, make sure that it is safe and protects customer data. An online casino that does not withdraw real money is insecure and should be avoided. To find safe online casinos, you can rely on our experts who have evaluated several conditions and requirements.
Read the terms
It is obvious to us that few people read the full terms on the Internet, but in an online casino, it is a good idea to spend time on it or just look through them. On the one hand, the terms contain all the payment options that can be used and the processing time. It’s relatively easy to find out and won’t take long – and you’ll be grateful for it!
Verify your account
Verifying your identity is an important part of an online casino account and, therefore, for real money withdrawals later on. Depending on the casino, you only need to check after a certain limit has been paid; while with others, you must confirm after the first payment that you are the account owner.
If you keep these tips in mind when choosing a new online casino or withdrawing real money, nothing should prevent you from smoothly withdrawing cash from the casino.
What can be used to withdraw funds for real money at online casinos?
Over the years, many online casino payment methods have proven themselves. There is not only the option to pay with credit cards but also e-wallets that guarantee anonymity. Fees or processing times vary depending on the payment option. Some payment methods do not allow casino deposit/withdrawal, so you need to use a different method.
This may seem not very clear at first glance if you have never come across these payment methods before. That is why we have compiled a list of the best online casino withdrawal methods for you to get an overview.
In terms of processing time, it is important to note that many e-wallet transactions can take up to 2 days in some casinos.
Casino processing times may vary based on player status. For example, as a VIP player or a high roller, you get some benefits such as faster payouts.
Then there are online casinos that cover credit card fees for real money withdrawals so players can get their full winnings.
If you are looking for a quick payout, an e-wallet is probably the best solution, although banks certainly have a small security advantage.
Withdrawing real money at an online casino is an important topic if you truly want to win at an online casino. Which payment method you choose and which online casinos offer secure real money payouts are critical.
There is a suitable withdrawal option for everyone. If you know what is important to you when withdrawing real money from an online casino, you are sure to find the perfect method.
Frequently asked questions about withdrawing money from online casinos
Which online casino withdrawal method is right for me?
It is important to choose the most convenient casino payment option for you. Try different options, but the most common casino payment method in Australia is Visa, Mastercard, and a relatively new Bitcoin payment method.
How secure is the online casino withdrawal method?
Of course, if you choose an e-wallet, you should always check a lot of information. Using credit cards, you just need to register with a bank you trust.
What are the fees?
Even if you don’t have to pay anything to withdraw real money from online casinos using e-wallets, they have other expenses that they don’t, for example, with credit cards.
How long does it take for an online casino to pay out your winnings?
The question of how quickly you can withdraw real money from your online casino account depends on the method you choose. E-wallets are relatively fast, while bank transfers take a little longer.
What currencies are offered?
Currencies also differ depending on the payment options. For example, many e-wallets allow their customers to choose between several currencies and charge a small commission for another. As a rule, you can easily choose the Australian dollar currency in Australian casinos without charging an additional conversion fee.
How can I withdraw funds from an online casino?
You go to the payout page and choose the appropriate method. Then you fill in the desired amount that you want to pay out and enter the payment details. The online casino then verifies the real money payout, and the transaction is executed.
How long does it take to withdraw funds?
Depending on the payment method, paying out real money at an online casino takes less or more time. Electronic wallets are much faster than credit cards or bank transfers. In addition, the online casino processes payments before transferring. Ask your casino for the exact processing times.
Why can’t I withdraw funds?
There may be several reasons for this. You have not made a deposit at least once, or you have an active bonus. Withdrawing real money from an online casino is possible only after the bonus has been cleared.
Why does it take so long to withdraw real money at my online casino?
Either the online casino has a little more time to verify the withdrawal, or your payment method takes a little longer. Ask the support service of the casino you have chosen or check with your bank.
How secure is my payment method?
If you are playing at a secure online casino, it is almost impossible to use an unsecured payment method. Online casinos only work with trusted and secure payment providers. However, always make sure you are on a secure checkout page!
Why are there fees for real money withdrawals at some online casinos?
It only depends on the payment method! Banks generally require fees, and e-wallets work with online casinos for free.