When it comes to modern online casino gaming, Australia is one of the best countries in the world. Australians have long had a love affair with casino games and sports betting of all shapes and sizes, and it remains among one of the country’s favourite pastimes.
Anyone that has spent time playing casino games will know that there comes a time where they either need to deposit money into an account to start playing or withdraw cash from their winnings.
Fortunately, there are a multitude of great banking methods around that can help facilitate all transactions. Let’s take a look at some of the most commonly used banking methods within Australia.
Credit And Debit Cards
While other kinds of banking are starting to catch up slowly, standard bank cards, such as Visa, Mastercard, and credit cards, are still the most popular way in which to move money around. Most casino players around the world make use of either a debit or credit card for their transactions, and almost every online casino in the world will offer these as a banking method.
And while they are extremely convenient to use, it does require offering out personal banking details, and the wait times for a transaction to be complete can be a few business days; and sometimes up to an entire week.
Prepaid Vouchers/Cards
This kind of payment is especially popular in Australia, and usually comes in the form of a special preloaded paycard which can be picked up at most local stores. Here, the player loads up the card with a chosen amount of cash and a special pin on the card can be used when making deposits.
It’s a great way to start gambling at a new casino without having to divulge any personal or financial information, meaning the player can easily maintain their own anonymity. Transaction times on paycards can vary wildly, but they are generally not the different from regular debit and credit cards.
E-Wallets
Quickly becoming one of the very best ways to manage money online, e-wallets offer a safe and secure environment that can be linked to a main bank account without having to provide any information about said account. There are plenty of online e-wallets to choose from, such as Neteller, Skrill, and POLi.
In fact, POLi is based within Australia, making it a great choice for Australian players wanting to make the most of its many services, whether it’s for casinos or Australian sports betting.
Another advantage of e-wallets is that they often have very short transaction times, sometimes as little as one day or shorter, especially if they are affiliated with the casino in question. E-wallets are a safe bet for most players, and often come with their own, unique rewards.
Cryptocurrencies
Cryptocurrencies have become big news in recent years, and due to the way that they work, they are the perfect choice for the player that wants to maintain their own privacy.
All transactions done with cryptocurrencies are anonymous, and while it might take some time still, more and more casinos are adopting them as a banking method.