One of the essentials of real money online gambling is the facility to make deposits at the casinos and withdraw your winnings. There are specialist service providers that offer this facility. Online casino operators tie up with several such service providers and allow you to choose the one that works best for you. Most players from Australia opt to use their credit cards to make deposits at online casinos and chose to have winnings withdrawn to their bank accounts directly. This however may not be the most ideal solution and option for all players and as such options like POLi, NETELLER, Skrill and PaySafeCard make for great alternative banking methods that can be used at online casinos found featured here at OnlineCasinoAustralian.
Australian Casino Payments
Credit Cards
Credit cards are the most common instrument for making online payments in Australia. If you are already using a credit card you should seriously consider this option. You will be familiar with its use and will not have to register for another payment method. The Australian online casinos recommended by us accept credit cards from MasterCard and Visa. If you are using any other credit card you should check for its acceptability with the customer support of the online casino. MasterCard and Visa are global leaders in the credit card business. They have earned a reputation for providing secure, reliable and customer friendly services. The biggest advantage of using MasterCard and Visa credit cards is that deposits and withdrawals are totally free. If you transfer AU$100 using these cards there will be no charges levied by the credit card company or by the online casino and you will get the full AU$100 for wagering. A secondary advantage is the credit you get till your next payment date.
You have to first register your credit card at the cashier of the online casino by providing the information asked for. When you want to make a deposit you log in at your online casino and access the Cashier or Banking section. There you select Deposit, then ‘Credit and Debit Cards’ option and finally your credit card supplier. You will have to enter the amount that you want to deposit, enter your CVV2 number and click ‘Deposit’. The online casino receives the funds instantly and you can start wagering. However, before your first withdrawal the online casino undertakes a verification process in which they check your identity and address. It is in your own interest to send the documents required by them as soon as possible. The process of withdrawal is very similar. It is carried out at the Withdrawal section of the online casino cashier.
POLi
POLi is an online payment product from an Australian company POLi Payments Pty Ltd, which operates from Melbourne. The company is wholly owned by Australia Post. All our recommended online casinos offer this payment option to their customers because of its popularity in the country. POLi facilitates the payment directly from your bank to your online casino. The online casinos offering POLi as a payment option are obviously registered with it. In the unlikely event that your bank does not function with POLi, you cannot use this option. The POLi web site has a list of banks registered with it. You do not need to register with POLi. Another prerequisite for using POLi is that you must have Internet banking facilities with your bank.
In order to make a deposit using POLi, log in to you online casino and access the Deposit section of the cashier. Select POLi from the payment options and enter the amount you want to deposit. You will then securely be taken to POLi’s website. There you have to select your bank and log in to your bank account and confirm the transaction. The funds will instantly be transferred to your online casino account. The details of the online casino bank account are available in the system because the transaction was initiated from the online casino. Also your bank account details will never be at the server of the online casino. These details are filled in at POLi’s web site and will remain there. There are no fees charged by POLi for facilitating the transaction. The biggest drawback of POLi is that you cannot withdrawal your winnings from the online casino through this option. The online casino will usually remit funds through a cheque. It can be a couple of weeks before the money is in your account.
NETELLER
The Neteller electronic wallet is one of the oldest alternative payment options in the online casino industry. It was launched in 1999 and is today owned by Optimal Payments Limited. This company is listed on the London Stock Exchange and is regulated by the Financial Conduct Authority of the United Kingdom. Hence you should not have any security concerns. In order to use this payment option, you have to open a Neteller account from the web site. Then you have to fund the account using credit cards, debit cards, bank transfers or other given options. Funding the account using bank transfers is free. There would be a fee charged for funding through other options. You can deposit funds at any number of online casinos from your Neteller account and withdraw your winnings to your Neteller account. This is one of the advantages of using an electronic wallet like NETELLER. Your bank account or credit card details will only be at the NETELLER server and at each and every online casino you wager at. Deposits and withdrawals at online casinos are free. You can transfer the excess funds in your NETELLER account to your bank account. There is a fee attached to this transaction.
In order to make a deposit using NETELLER you go to the Deposit section of the online casino cashier after logging in. Click on NETELLER and enter the deposit amount. You will be provided clear and simple instructions that you need to follow in order to complete the transaction. You need to have made the deposit using NETELLER in order to withdraw your winnings to your NETELLER account. You will have to go the Withdrawal section of the online casino cashier, enter your withdrawal amount, select the NETELLER option and fill in all the details required. Your request will then be processed by the online casino. This can take a few days.
Skrill
Skrill is an electronic wallet. An electronic wallet is like an online account into which you can put in funds and take out funds. It was originally launched under the name Moneybookers in 2001. Skrill is owned by CVC Capital Ventures and regulated by the Financial Conduct Authority. You will first have to open a Skrill account, which is a very simple process. You will then have to deposit funds into your Skrill account. You can do this through the credit cards or debit cards for which there is a fee, or through bank transfers which are free. Once the funds are in your account you can make deposits at any of the online casinos you want to wager at. You can also use your Skrill account to make other online purchases. You can instruct the online casinos to remit your winnings back to your Skrill account. There is no charge levied for deposit and withdrawal transactions with online casinos. Funds in your Skrill account can also be withdrawn back into your credit card or bank account, for which a fee will be levied.
You log in to your online casino and go to the Deposit section of the cashier. Click on the Skrill option and enter the deposit amount. You will be asked to log in to your Skrill account using your Skrill user ID and password. You then follow the given instructions to complete the deposit. The option to withdraw to your Skrill account is available only if you have deposited using Skrill. You go to the Withdrawal section of the online casino cashier, enter the amount to be withdrawn, select the Skrill option and fill in all the details required. The online casino will process the withdrawal request and you should get the funds within five days.
PaySafeCard
PaySafeCard is an online casino payment option that originated in Austria. Today it is used globally, including in Australia. Prepaid Services Company Limited is the company that owns the product and its operations are regulated by Financial Conduct Authority. Hence you can be sure that it is a safe payment option and that you will not be cheated. PaySafeCard is a prepaid payment option. This means you have to pay upfront to purchase a voucher from PaySafeCard and can then transfer the funds to your online casino. The card can be purchased from thousands of retail outlets in Australia. You can locate the one nearest to your home from the PaySafeCard web site. You enter your address or postcode or town in the locator and you will be given the addresses and locations on a map of all the retail outlets near you. You can purchase the prepaid cards from there. The cards are available in several denominations, but are of low value. Hence this may not be an option suited for high rollers. Another advantage is that your name or bank account or credit card does not have to be divulged when making the purchase. Therefore total privacy is assured.
You log in at your online casino and access the Deposit section of the cashier. There you select the PaySafeCard option. Each card has a unique 16 digit pin number. You will have to enter the number in the field. You can enter up to 10 numbers at one time. You will also have to enter the amount of the deposit. Make sure that it is less than or equal to the value of the cards entered. If a card is not fully utilised the balance can be used later. It does not lapse. Complete the transaction and the funds will be instantly in your online casino account. PaySafeCard cannot be used for withdrawals. The online casino will send you a cheque for your withdrawal amount.
About Depositing and Withdrawing from Online Casinos
There are some common issues about depositing and withdrawing from online casinos that are discussed in this section. At all the online casinos we recommend you can use all the above payment options in Australian dollars for both deposits and withdrawals. Therefore you will never need to exchange currency, which can be costly because of additional charges levied by payment options services providers plus arbitrages in currency conversions.
All the agencies involved in depositing and withdrawing funds from online casinos operate in a totally secure environment. These include the online casinos, the payments services providers, banks and credit card operators. The same SSL encryption protocols are used throughout the process of transferring money. There is absolutely no danger of the transactions being intercepted and the funds being hijacked. On your part you have to make sure that you log out of the online casino after every session so as to prevent unauthorized use of your online casino account.
There are minimum limits and maximum limits for deposits and withdrawals at online casinos and you have to adhere to these otherwise your transaction will get rejected. The limits are not the same for all online casinos and also are not the same for all payment options. You have to check out the terms and conditions at your online casino before deciding on the deposit and withdrawal amount. If you are a VIP player you may be given special limits by the online casino. You can get this information from the customer support.
Australian Casino Payments FAQ
Why didn’t my credit cards work when I tried to deposit at an online casino?
The most common reasons for credit cards not working for depositing at online casinos are that you do not have sufficient balance in the credit card or that the credit card has expired. First make sure that this is not the reason and then try again. If the credit card does not work after repeated attempts it could mean that the issuing bank does not support online gambling transactions. Banks are conservative institutions and do not like to take any chances. Some banks may not be clear about the legal status of online gambling and therefore prefer to stay away. Some banks are worried about liabilities that may accrue if the card user put in a claim for the bank supporting his gambling addiction. Some banks may not like to get associated with the activity of gambling. Though it is not illegal for Australians to gamble online, banks issuing credit cards can decide whether they want to be a part of this.
What do I do if my credit card doesn’t work at an online casino I want to play with?
The first place that you should go to is the online casino’s customer support. They will let you know whether it is a problem with that particular bank issuing the credit card or it is your individual problem. For the first case they will give you the names of the banks whose credit cards are working and you can approach any of them for a new credit card. In the second case you will have to take up the matter with the bank that has issued your card.
An option that is more convenient in either of the two cases is to open an account with an electronic wallet like NETELLER or Skrill. It is better to fund these accounts directly from your bank account because this is free and it eliminates credit cards from the picture. If you do not mind receiving your winnings by cheque you can also look at the POLi or PaySafeCard options.
How do I initiate withdrawals from online casinos and will I need to wait for payments?
You first have to log into the online casino using your user ID and password and go the cashier. There you have to select Withdrawals. You will find all the permissible withdrawal options listed there. If you selected a credit card or an electronic wallet as your option while registering and have deposited using that option, then you should select the same option for withdrawal. You will have to enter the amount that you want to withdraw and follow the instructions on the screen. After successfully completion of the transaction the online casino will put your request in queue. Because of the backlog of requests there could be up to five days waiting period. Once processed, the funds will be electronically remitted to your credit card or e-wallet.
If you have deposited through POLi or PaySafeCard then you will have to select the cheque option for withdrawal. After the processing is complete the online casino will post the cheque to you. So there will be a further delay in this case.
Is there anything else I should know about depositing and withdrawing from online casinos?
Before you sign up at the online casino you must read all the conditions related to banking and the payment options that you are contemplating. You will find these in the online casino terms and/or in the banking section. If you do not understand anything then contact customer support. Choose your payment option after careful consideration. Factor in the minimum and maximum limits, whether withdrawals are allowed and at how many online casinos you intend to wager in the decision making process.
If you are not intending to claim bonuses then you have more freedom with your deposit pattern. But if you want to take advantage of deposit bonuses then you will have to adjust to the eligibility deposit requirements and to the periods when the bonuses are available. Also you must remember that you can only withdraw you cash balance and not your bonus balance. If you try to withdraw your bonus balance then your request will be rejected.