Walking into a traditional casino will see you pull cash from your wallet or purse to play with and the only security measure you have to worry about is whether or not you can be trusted to walk away at the right time.
Online casinos are quite different and although you still use real money to play, you need to deposit it. Many can be hindered from experiencing the thrilling world of online gaming from the comfort of their own home because they are worried about entering their personal details online.
Every online casino establishment that is recommended on BettingPlanet uses at least 128 bit SSL encryption for all of their financial transactions. This is the same level of security used by the world’s major banks and financial institutions and all reputable online shopping sites – as to ensure financial and personal information is always private.
Casino Banking Transaction Methods
Depositing real money into casino accounts is a different process depending on the service or option chosen by the player. What is the same, however, is that all methods listed here are safe, secure and easy to process fund transfers with. Some of the top-rated and supported payment services at online casinos include:
- Bank Transfers
- Credit and Debit Cards
- Electronic Wallet (e-Wallet) services
- Prepaid cards and services
- Online payment systems
Want to know how to deposit with a particular option? We cover all in more depth below.
Quick, Easy and Safe Deposits
The easiest and safest option to deposit into your casino account is through credit and debit cards. Almost all Australian online casinos allow Visa and MasterCard as deposit options, as they are two of the safest and most reliable methods due to their outstanding security encryption and protocols recognised by organisations worldwide.
Both MasterCard and Visa often process casino deposits instantly.[/caption]Online casinos allow you to immediately use what you’ve deposited, blurring the lines between traditional and online shopping – unlike when you shop online and have to wait for your product or service to arrive. Almost all Australian casinos will accept payments via credit or debit card, making it the most popular Internet deposit choice for fund transfers.
Debit cards are handy if you aren’t one to follow your spending, because if you don’t have the money you can’t deposit funds and they won’t put you out. If you know you can manage your spending then there is nothing wrong with using a credit card.
Something that you may not know is the Commonwealth Bank, Westpac, NAB, ANZ, HSBC and St. George all charge for online casino purchases at the cash advance rate of interest, so we recommend using Visa and MasterCard to avoid unwanted fees.
If you do want to check if your credit card charges gambling transactions at cash advance rates you need to delve into the nitty gritty of credit card terms and conditions which can be viewed online. To find out what your gambling transaction will be counted as, head to the section in the terms and conditions regarding cash advances.
Despite this, depositing is extremely easy and all you have to do it enter your card information, wait for verification and you are usually on your way, depending if your card gets approved.
Your Own Online Wallet
Everything these days is going online, including your wallet. E-wallet is an electronic wallet and is also known as ‘digital wallets’. Money is held in an E-wallet in exactly the same way it is kept in a physical wallet. They can store passwords, credit card details, email contacts and other important data.
To use an E-wallet all you need to do is use your credit or debit card to put money into the E-wallet account, similar to withdrawing money from an ATM and putting it into your wallet, and then deposit into their online gaming or casino account.
You will need to provide your chosen E-wallet account with personal and financial information and the company may even run a background check to ensure the identity isn’t falsified, proving they are highly secure.
Two E-wallet companies which are extremely prominent in the online gambling world are Neteller and Skrill, formerly known as Moneybookers. Other E-Wallet services at top-rated Web casinos include Click2Pay, ClickandBuy, Entropay, Ezipay, Instadebit, eCheck, Nordea, iDeal, Giropay and CartaSi but aren’t as common for Australian players.
This payment method is extremely beneficial because it gives you the freedom to make easy deposits and withdrawals. You can also take advantage of promotions via E-Wallet services including at our trustworthy recommended Web casinos, such as Royal Vegas, Platinum Play and 7Sultans which all offer a 10% deposit bonus if players fund their accounts using Neteller or Skrill. So if you want to make the most out of putting cash in your wallet, sign up for an E-Wallet service.
POLi Is The Perfect Alternative
For those who may still have that doubt cloud lingering around them in relation to entering their card details then look to POLi, Australia’s leading real-time online debit payment method as well as a secure alternative to PayPal, BPAY and credit cards.
POLi is often used as an alternative to PayPal, which is unavailable to Australians for overseas casino deposits.[/caption]The main benefit with this method is you don’t have to provide the casino with any financial information which will wipe any nerves you may have about depositing online. There are also no fees with this service and you can jump on and try your hand instantly with cash deposits being processed immediately.
The only drawback with this method is when withdrawing there might be some fees that are incurred, varying with what bank you’re with.
Overall, POLi offers a safe and secure way to deposit and withdraw funds and is extremely trustworthy. Top rated casino sites accept this method and most major banks in Australia will support POLi, so this is definitely a great option for you if you aren’t ready to use the card.
Prepaid Isn’t Just For Phones
If you are someone who hasn’t even gone online shopping due to the fear of entering your personal and financial information and have ultimately steered cleared of any online gaming fun for the same reason, then pre-paid cards are definitely for you.
We can tell you over and over again how all our recommended online gaming sites and casinos use state-of-the-art encryption technology and high-security to protect financial data, but if you are missing out because you don’t believe it then don’t waste any more time thinking about that and get onto Entropay, Ukash, or Mastercard and Visa prepaid cards.
These are heavily supported by all major online casinos and they also won’t show up on your bank records so you are always in control.
Withdrawals are a bit tricky as they’re disposable so use a different method, like POLi or and E-Wallet when you win and you can’t put as much cash on the pre-paid cards as other methods, they are highly secure and perfect for newbies who aren’t ready to share their information.
Casino deposit methods in your country
While depositing money to an online casino is getting easier and easier, some punters have to try a little harder, if they are in a country with tough gambling laws, with China and the USA two prime examples. This doesn’t mean you can’t play at online casinos, it just means that you need to dig a little deeper to understand the payment methods you should use.
Australia: Depositing in the AUD is not hard at all, although laws have begun to get a lot stricter since the Interactive Gambling Act was updated in mid 2017. At this point Australians can still deposit with credit and debit cards and any other methods they have previously, but we’ll update this with further information if it changes.
Withdrawing Your Hard Earned Winnings
Withdrawals are basically a reverse transaction and hopefully it’s a higher amount then deposited. There are as many options to get your money from your online casino account as there are to deposit and most of the aforementioned methods such as credit and debit cards, POLi and E-wallets can be used to withdraw funds using a similar transaction process that was made when the funds were added to the account.
Once you have decided which method you are going to use, withdrawing funds is the easy (and fun) part. Processing time for your money to go from you online casino account to a personal bank account average takes around 24-72 hours. Check your online casino for a list of financial methods they use to ensure you don’t sign up for one which they don’t support and waste your time, and maybe money. Other than that, head over the online casinos ‘banking’ or ‘cashier’ section and withdraw your funds.
For the safest and most secure real money deposits and withdrawals, our top recommended choice is www.RoyalVegasCasino.com.