To have a positive and seamless experience while gambling online, you need an accessible, dependable and safe payment method. Many payment options are available to Australians, with new ones constantly introduced. However, with a greater variety comes more uncertainty and less clarity. This article aims to simplify things by discussing only five payment options available at top Australian online casinos.
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1. Credit and Debit Cards – VISA, MasterCard, Maestro, American Express
The two primary types of cards people use are credit and debit cards, but only some know the difference between them. Generally, they are a quick and reliable way to pay for things. Acting you’ve completed numerous times before is always more comfortable and usually poses no issues. You’re not likely to experience any difficulty here.
However, there is an apparent disadvantage to credit and debit cards- you have to enter a long number when making online payments. Another downside is browser storage of card information; this creates unnecessary risk if you frequently use the card with large sums of money.
It is inadvisable to give your credit card information to an unreliable website. Even if you’re comfortable risking a few dollars to gamble on receiving what you want from an unreliable source, using a credit card isn’t safe. So now we have other, much safer payment methods available to us.
Platforms that need to be more reputable can be dealt with, but we don’t recommend them. An extra layer of security is always positive, not to mention that it shields you from innocent errors, which can sometimes be your own. Counting on everything going right is a recipe for disaster. Being prepared for potential problems is always wiser than being caught off-guard.
2. Digital Wallets, Mobile Wallets, Virtual Banking and Prepaid Cards
The second type of payment method is the one that uses a third party. It will receive money from your bank or credit card and transfer funds to the online casino without revealing your personal information. The following are all forms of payment: Skrill, PayPal, Western Union, Revolut, Apple Pay, Google Pay, BPAY, Neteller, ecoPayz, Cick2Pay, Neosurf, UPay Card, PaySafeCard, Entropay, Poli, Instadebit. Using these methods, you can safely deposit or withdraw funds from Australian online casinos.
The idea behind a digital wallet or prepaid card is that you cannot spend more money than what you’ve put in it, so the amount of risk is limited to the available funds.
By using this method, your information is secure from being stolen. Therefore, you can move a moderate amount of money to your digital wallet and pay without worry or concern about the security of your bank account. You don’t need to take any chances with your money – plenty of licensed and reputable gaming sites are safe.
In addition, using third-party payment services often costs less and is more convenient than going through a traditional bank. The beauty of online banking is that it is available to everyone, no matter where they are or what time it is. You don’t have to worry about office hours, working around someone else’s schedule, queues, or potentially harmful viruses. With virtual banking, you can conduct transactions anytime and anywhere.
3. Cryptocurrency – Tether, Ethereum, Bitcoin, Bitcoin Cash
There are many benefits to using the methods of payment mentioned above, including convenience, security, and ease of use. However, they are all constantly monitored by centralized financial institutions. Cryptocurrency users don’t have to share their personal information to remain anonymous. It is especially beneficial for Australian casino players who value privacy.
Not only does crypto provide better privacy, but you can also make large transactions without — or with very minimal — fees. You can place higher wagers with Bitcoin at some casinos than you could use dollars. So, if this payment method is so great, why doesn’t everyone use it? Unfortunately, since the value of cryptocurrencies is constantly changing, people are hesitant to use them since they’re not sure how much they’ll be worth in the future. This lack of universality makes them less popular overall.
4. Phone Bill
Some newer services allow you to play at Australian online casinos and pay for your gambling later through your phone bill. A lottery ticket is a perfect example of a tiny investment with the potential for scale. While this payment method may not be ideal for those looking to make large bets, most players are content with smaller wagers.
“Pay by phone” casinos refer to gambling sites that offer this payment option. Playing Aussie casino games on your phone is mostly about convenience, so it makes sense that players would want to use the most convenient payment method possible. Not only do you get to play the game, but you also keep your money until your next phone bill comes.
5. Direct Bank Transfers
Direct bank transfers are a quick and easy way to send money straight from your bank to the online casino. Though old-fashioned, bank transfers are still a standard payment method on many gaming websites in Australia. This option is popular because it’s usually more straightforward and has no additional fees.
You could create a “gaming wallet” by opening another bank account and transferring money from your main account into it. Then, you can make direct bank transfers to the Aussie online casino from that separate account. Doing this allows you to gamble without worrying about spending more money than intended.
Choosing a payment method for an online casino is simply a matter of finding what works best for you and your level of convenience. All the Australian casinos at Spin-Paradise recommended by expert reviewers are safe, so there’s no need to worry about that. However, having a system for transferring money that only lets you spend up to your budget would be beneficial. Because a lack of awareness and self-control often leads to gambling problems, you must seriously approach this subject.