Payment Methods: Banking Methods that Work and Don’t Work on Online Casinos

Payment Methods — Overview & Comparison

Below is a consolidated list of payment methods for funding and withdrawing from an Australian online casino. Each row links to the individual payment method page and includes the logo thumbnail, a short note on what makes the method useful for casino deposits, typical deposit and withdrawal times, and whether the method is usually eligible for bonuses.

Payment	What makes it unique for casino deposits	Deposit time	Withdrawal time	Bonus eligibility
Apple Pay	One-tap mobile deposits on iOS; tokenised and secure.	Instant	n/a	Yes
AstroPay	Prepaid virtual vouchers popular in LATAM; good for unbanked players.	Instant	24 to 28 hours	Sometimes excluded
Bank transfer	Standard bank transfers for players who prefer direct bank-to-bank deposits.	1-3 days	2-5 days on average	Yes
Bitcoin	Crypto deposits with fast settlement and enhanced privacy.	Instant	Minutes to hours	Yes
Bpay	Bank-linked bill-pay option for Australian players; familiar and reliable.	1-3 days	n/a	Sometimes excluded
CASHlib	Prepaid voucher codes for anonymous, budget-controlled deposits.	Instant	n/a	Yes
CashtoCode	Convert cash at local stores into online deposit codes—no card needed.	Instant	n/a	Yes
Coinspaid	Crypto payment gateway for quick multi-coin deposits and settlements.	Instant	Instant to hours	Yes
Dogecoin	Low-fee crypto ideal for small or frequent deposits.	Instant	Minutes to hours	Yes
Ethereum	Fast crypto transfers with wide exchange support (fees can vary).	Instant	Minutes to hours	Yes
Ezeewallet	Digital wallet for instant deposits and straightforward account top-ups.	Instant	Up to 24 hours	Yes
Flexepin	Prepaid voucher network for anonymous cash-based deposits.	Instant	n/a	Sometimes excluded
Google Pay	Quick Android mobile deposits with saved card convenience.	Instant	n/a	Sometimes excluded
Jeton	E‑wallet and voucher combo offering fast, gaming-focused transfers.	Instant	1-3 days	Sometimes excluded
Klarna	Pay-later/installment option where allowed—useful for deferred funding.	Instant	n/a	No
Litecoin	Faster confirmations than some cryptos and typically low fees.	Instant	Minutes to hours	Yes
Maestro	Direct debit card payments tied to bank accounts; widely accepted.	Instant	1-5 days	Yes
Mastercard	Universal card acceptance and quick card-based deposits.	Instant	1-5 days	Yes
MiFinity	Gaming-friendly e‑wallet focused on fast, regulated deposits.	Instant	1-2 days	Sometimes excluded
MuchBetter	Mobile e‑wallet tailored to players with low fees and promos.	Instant	1-2 days	Sometimes excluded
Neosurf	Prepaid voucher option for anonymous, controlled spending.	Instant	n/a	Yes
NETELLER	Longstanding gaming e‑wallet with instant deposits and VIP features.	Instant	Up to 24 hours	Sometimes excluded
PayID	Instant bank transfers in Australia using a simple identifier.	Instant	Instant to hours	Yes
PayPal	Trusted global e‑wallet with fast deposits and buyer trust.	Instant	Up to 24 hours	Sometimes excluded
Paysafecard	Prepaid card/voucher widely used for anonymous deposits.	Instant	n/a	Yes
Payz	E‑wallet offering fast, regulated deposits and multi-currency support.	Instant	1-3 days	Yes
POLi	Instant bank payments for AU/NZ players without using cards.	Instant	n/a	Sometimes excluded
Revolut	App-based multi-currency accounts and fast transfers for players.	Instant	1-2 days	Sometimes excluded
Ripple	Very fast, low-cost crypto settlements for quick deposits.	Instant	Instant to hours	Yes
Skrill	Popular gaming e‑wallet with instant deposits and loyalty perks.	Instant	Instant to hours	Sometimes excluded
Trustly	Direct instant bank transfers across many European banks; quick payouts.	Instant	Up to 72 hours	Sometimes excluded
Visa	Universal card acceptance and fast card-based deposits.	Instant	1-5 days	Yes

Debit and Credit Cards

Debit and credit cards are one of the most popular payment methods in Australian online casinos. These options are widely available, easy to use and offer excellent security for casino players.

The most popular brands of debit or credit cards are Visa and Mastercard. Both are globally accepted and offer a secure and convenient way to make payments. So you’ll find plenty of Mastercard casinos and Visa casinos in Australia. Maestro casinos are also available, but because Maestro is being phased out and replaced by Mastercard debit cards, they may become harder to find in the future.

Most Australian online casinos offer fee-free deposits and withdrawals when using credit or debit cards. But in our experience, it’s always worth checking with your card issuer for any potential transaction fees.

Pros and Cons of Debit and Credit Cards

Here’s a quick overview of the pros and cons of using credit and debit cards for your online gambling.

Pros

• Safe and secure: Because credit and debit cards are connected to your bank, you can rely on your bank’s tight security controls to keep your transactions safe.
• Easy to use: When making deposits you just need to type out the 16 digit number on your card, along with the expiry date and CCV (three digits on the back of your card).
• Readily available: You can request a bank card online or by visiting a branch.

Cons

• Not available for withdrawals: Not all casinos will let you use credit and debit cards to withdraw your winnings.
• Slower processing: Credit and debit cards can take longer to process than some instant payout methods.
• Higher minimum deposit limits: Because Mastercard and Visa can charge vendors fees, casinos may require larger minimum deposits when using these methods.

e-Wallets

E wallets like Payz, Skrill, PayPal, eZeeWallet, MiFinity, AstroPay, Revolut, MuchBetter, Jeton and NETELLER offer a fast, secure, and convenient way to manage funds at Australian casinos.

They’re a great option if you’re looking for quick transactions at gambling sites.

While most Australian casinos don’t charge fees for deposits or withdrawals via e wallets, the services themselves may impose transaction fees. It’s important to review the fee structure of your chosen e wallet to avoid any surprises.

Pros and Cons of e Wallets

Pros

• Enhanced security: E wallets act as a middleman between your bank account and the online casino, reducing the need to share bank details directly with the casino.
• Easy to use: Setting up an account is straightforward, and deposits/withdrawals can be completed in just a few clicks.
• Fast transactions: Instant deposits and often withdrawals within a few hours.

Cons

• Not always accepted for bonuses: Some casinos exclude e-wallet deposits from bonus eligibility.
• Account verification: Setting up and verifying an e-wallet can require ID and bank linking.
• Potential fees: Some e-wallets charge for certain operations, like transferring back to your bank or currency conversion.

Prepaid Cards/Vouchers

Prepaid cards and vouchers, like paysafecard, Flexepin, CashtoCode, CASHlib and Neosurf, offer a secure and anonymous way to fund your online casino account in Australia.

These payment methods are perfect if you want to keep your banking details private. They can also be a great way of keeping your spending under control.

Most Australian online casinos don’t charge fees for deposits made with prepaid vouchers. However, we always recommend checking the terms and conditions for any potential fees associated with these payment methods.

Pros and Cons of Prepaid Vouchers

Pros

• Anonymity: You don’t have to register banking details to use this method, keeping your personal info private.
• Separate accounts: Prepaid cards keep gambling funds separate from your bank account and can help control spending. See gamble responsibly.
• Widely accepted: Many casinos accept prepaid vouchers for deposits.
• No credit checks: Prepaid cards can be bought with cash at outlets.
• Instant deposits: Prepaid cards typically credit instantly so you can start playing right away.

Cons

• Withdrawal limitations: Prepaid cards are usually only available for deposits, not withdrawals.
• Limits: Daily or usage limits may apply.
• Fixed amounts: Prepaid cards come in fixed denominations, which is less flexible.
• Fees: Some cards have purchase, inactivity, or balance-check fees.
• Exclusion from bonuses: Some casinos exclude prepaid deposits from bonus eligibility.

Bank Wire Transfers and PayID

Bank transfers and PayID offer a direct and secure method for managing funds at online casinos.

They’re a great choice for players who prefer more traditional banking transactions, particularly if you prefer safety over speed. Because of their excellent security, bank transfers are typically used for large payouts, like progressive jackpot wins.

Fast bank transfer methods such as PayID, BPay and POLi can be instant. Online casinos and banks may impose fees for wire transfers, especially international ones. PayID transactions are generally free.

Pros and Cons of Bank Transfers

Pros

• Security: Bank transfers use advanced encryption and security protocols.
• Widely accepted: Most online casinos accept bank transfers.
• High transaction limits: Good for high rollers and large transfers.
• Direct transactions: No intermediaries — direct bank-to-casino transfers.
• Record keeping: Transactions appear on bank statements, helping budget tracking.

Cons

• Slow processing times: Deposits and withdrawals can take several days to clear.
• Fees: Bank transfers can incur fees, especially for international transfers.
• Complex: Initiating a wire transfer can be more cumbersome than e-wallets or cards.

Cryptocurrencies

Cryptocurrencies like Bitcoin, Ethereum, Litecoin, CoinsPaid and Dogecoin are becoming increasingly popular in Australian online casinos. Another option is Ripple (XRP), which offers near-instant transactions.

Many consider cryptocurrency to be the fastest and most efficient payment method, often with lower fees than traditional methods.

Pros and Cons of Cryptocurrency Online Payments

Pros

• Decentralised: Less susceptible to government interference.
• Speedy payments: Fast transactions compared with many traditional methods.
• Anonymity and privacy: Transactions require less personal information.
• Security: Blockchain technology secures transactions.
• Low fees: Generally lower transaction fees, especially for international transfers.

Cons

• High volatility: Crypto values can fluctuate rapidly.
• Complexity: Buying, storing and using crypto can be unfamiliar and intimidating to new users.
• Regulatory uncertainty: Rules around crypto can change quickly by jurisdiction.

Mobile Payments

Mobile payments like Apple Pay, Google Pay, and Samsung Pay offer convenience, speed, and security.

These platforms are perfect for players who want quick transactions without entering card details. They are often free of additional casino charges.

Pros and Cons of Mobile Payments

Pros

• Speed: Among the fastest ways to deposit and withdraw funds.
• Security: Advanced encryption and device security protections.
• Convenience: Manage funds with a few taps on your phone.
• Innovative features: Tools for tracking spending and setting limits.

Cons

• Limited withdrawals: Not all casinos support mobile payment withdrawals.
• Availability: Not yet universally accepted at every casino.
• Device dependency: If your phone is lost or out of battery you may not be able to access funds.

How We Rate Payment Methods

We visit many online casinos and betting sites when reviewing the different online casino payment methods. We make deposits, play online pokies real money and other casino games, and withdraw money from casinos to assess real user experience.

We look at:

Processing speeds

We check the timeline between submitting a withdrawal request and the casino crediting the amount. See our fast payout online casinos for examples of quick processing.

Transaction charges or fees

We look at how much payment providers charge to complete transactions across multiple casinos.

Bonus/promotions

We highly rate a payment provider that’s available for bonuses or promotions.

Deposits and cash outs

We prefer methods that allow both deposits and withdrawals — simpler for tracking and transacting.

How To Choose The Best Payment Method

With so many banking methods available, working out the best one for you can be challenging. It depends on your personal preferences: some like the convenience of e-wallets, others prefer traditional bank transfers.

Online Casino Payment Accessibility

Choose payment methods that are widely accepted in Australia, such as PayID, Visa, Mastercard and cryptocurrencies. Note some e-wallets like PayPal and NETELLER may not be available everywhere.

Casino Banking Security

Choose payment methods with robust security and ensure the casino uses encryption (SSL). Prefer methods regulated by authorities like the Financial Conduct Authority (FCA).

Speed of Transactions

If speed matters, pick methods offering instant deposits and fast payouts so you can start playing or access winnings quickly.

Fees and Costs

Check for transaction, conversion or other fees. If a casino doesn’t accept AUD, factor in currency conversion costs.

Bonuses and Promotions

Some offers or welcome bonuses may be limited to certain payment methods. Always check wagering requirements and terms before claiming offers. See also free spins bonuses.

Customer Support

Choose payment methods with responsive customer support in case of issues or queries.

How To Ensure Your Money Is Safe and Secure

When making money transactions at online casinos, safety and security should be top priorities. Here are some tips:

• Stick to reputable and trustworthy casinos from our recommended lists.
• Make sure the casino offers encryption to keep your personal info safe.
• Ensure your chosen banking method is regulated and licensed by relevant authorities.
• Check the casino is licensed and look for certifications or seals from licensing bodies.
• Look for testing accreditation from eCOGRA or other independent auditors to ensure fair gameplay.

Conclusion

There are many options for banking methods in online gambling. Playing at reputable online casinos gives you a good mix of safe, secure and speedy transfer options so you can enjoy casino games rather than worrying about transfers.

Consider your preferences, the factors above, and sign up with a recommended casino to start playing responsibly and potentially win real money.

Online Casino Payment Methods FAQ

Which banking methods have the lowest fees?

E-wallets and cryptocurrencies typically have the lowest fees. Bank transfers and cards often have higher fees — check with your provider and the casino for precise costs.

Which banking methods offer the fastest withdrawals?

E-wallets and cryptocurrencies are usually fastest, often providing funds instantly or within 24 hours. Speed can also depend on the casino’s internal processing.

Which banking methods are good for small casino deposits?

Prepaid cards and e-wallets are good for small deposits because they usually have lower minimum deposit limits and low transaction fees.

Which banking methods are good for large casino deposits?

Bank transfers, cards and cryptocurrencies are suitable for large deposits and usually offer higher limits and strong security.

What are the most secure payment methods for casino banking in Australia?

E-wallets, cryptocurrencies and traditional methods with strong bank security are among the most secure. PayPal, NETELLER, Bitcoin and Ethereum are examples; Visa and Mastercard also provide bank-level protections.

How do I choose the best payment method for my casino transactions?

Consider transaction speed, fees, accessibility, support for withdrawals, and bonus eligibility. Read the method descriptions above to choose what suits you best.

What should I do if my payment method is not accepted at a casino?

Choose alternative methods that offer similar benefits — each payment method page lists alternatives and details to help you decide.

Are there any fees associated with using certain payment methods for casino banking?

Yes. Fees depend on the method and provider — e-wallets and banks may charge for transfers, and currency conversions can add costs. Compare fees before choosing.

What payment methods are best to secure a first deposit bonus?

To secure a first deposit bonus avoid methods commonly excluded from promotions (often certain e-wallets). Always check the casino’s terms before depositing to confirm eligibility.