Payment selection is a good indicator of how reputable a gambling site is. Players should be able to choose from enough safe and convenient payment options. One survey of 1,000 Australian players revealed that 87% of respondents prioritise the protection of their financial information when selecting a preferred payment gateway.
Fast withdrawal casino sites are also in high demand. The logic is simple, the faster you can access your winnings the safer the operators. There are plenty of renowned instant withdrawal casinos that offer payouts within one or two hours. All you need to do is go over the reviews and figure out what other features and qualities these operators have. In this article, you can discover the most common deposit and withdrawal methods at online casinos and possibly choose your favourite.
Bank Transfers
In one survey, 94% of polled Aussie players reported that they prefer paying from a bank account. Bank transfers allow you to transfer money directly from your bank account to your casino account. However, it usually takes one to five days for the funds to be transferred. So, this may not be the best choice, especially if you are looking for an instant withdraw option. But if you prioritise security, bank transfers could be an ideal pick.
If you opt for this method, it’s best to make deposits and withdrawals as soon as Monday. Several factors impact the transfer time, including the time of the week you make the request. Payments are processed only during business days. Therefore, the sooner you make it, the higher the chance your money will be ready within the same week.
Traditional Payment Cards
Credit and debit cards are the most traditional payment getaways, and most fast payout casinos accept them. Usually, you can pick from Visa, Mastercard, and American Express. Most Australians have a bank card, so they are already familiar with the payment procedure and can get off to an easy start at a gambling site.
Gambling platforms supporting payments through credit and debit cards feature the latest encryption technologies. That way, they ensure the information shared on the website stays private. Debit cards have an additional security benefit: they have limited bankrolls. In the event of losing a card, you only need to contact customer support and request the locking of the card so no one can use it.
Nevertheless, it should be pointed out that certain banks, such as Bank Australia and Bank of Queensland, may restrict card usage for gambling purposes. Therefore, you need to check the policy of your chosen bank before selecting a card as your preferred payment method.
eWallets: The Fastest Way to Playing Pokies
eWallets, such as Payal, Skrill, and Neteller, are popular among gamblers who wish to complete transactions without using a traditional banking system. If you discover an eWallet suits you, you can open an account and link it to your bank account or card to transfer money. So, you don’t share your banking details directly with a casino at any point, which makes this method highly secure.
This is how you complete payments using a digital wallet:
- Visit the chosen casino site and log in to your account.
- Navigate to the deposit/ withdrawal section.
- Choose the preferred eWallet.
- Enter the amount you wish to add to/ withdraw from your gaming account.
- You will then be redirected to a page where you should log in to your digital wallet account.
- Confirm the amount.
- Finally, the funds will reach your player account instantly. The withdrawn funds are available within 12 hours, but usually much faster.
It’s worth noting that many quick withdrawal casinos feature exclusive promotions for customers who make deposits using Neteller.
Cryptocurrencies
Cryptocurrencies are among the latest trends in the online gambling industry. Moreover, the number of brands that support payments through digital currencies is growing. Most offer options, such as Bitcoin, Ethereum, and Litecoin. Using blockchain payment network comes with numerous benefits, including:
- Quicker transaction times than most traditional payment options
- Enhanced security and privacy
- No transfer fees for cryptocurrencies at many online casinos with instant withdrawal
- Exclusive bonus offers for customers who make deposits using this method, including welcome bonuses
However, there are several downsides to this arrangement you need to be aware of:
- Potentially challenging to transfer funds because you need specific digital wallets
- Their value can fluctuate significantly over a short period of time
- Still not a widely accepted method, even though every fourth Aussie has a crypto
Other Popular Gambling Payment Methods
Players looking for a casino instant withdrawal may also come across the following payment providers:
- Paysafecard prepaid card
- POLi
- Ukash
- PayID
Conclusion
Some of the most popular gambling payment options include credit and debit cards, eWallets, bank transfers, and cryptocurrencies. They are all reliable and offer fast transactions, except for bank transfers which take more time. Since Aussie gamblers are open to new methods if they are safe, less traditional deposit and withdrawal options like crypto and PayID have also gained popularity.
