How to Pay When You Play
This guide will take you through how to deposit and withdraw using debit and credit cards, the pros and cons of this method, and also tell you about some other options at your disposal. Read on for everything you need to know about credit cards casinos.
Set It Up
You’ll have to link your credit or debit account to your playing account when you register at a new site. Different casinos accept various cards and sometimes offer different welcome bonus depends on the payment method, so it’s best to shop around for one that caters to your needs. Some of the most common types accepted on Aussie sites are Visa, MasterCard, and Maestro.
How Long Does it Take?
Deposits are instantaneous. Once you start the withdrawal process, it’ll usually take between 2 to 5 working days to see the money in your account. Some casinos may have a shorter turnaround time, but you’re unlikely to get your cash within 24 hours. If you’re looking to get your money fast, eWallets like PayPal and cryptocurrencies are your best bet.
How Much Does it Cost?
Your fees depend on the online casino and your bank. Sometimes, playing with overseas casinos can affect this, too, since different currencies are involved. It’s a good idea to check out the day’s exchange rate before you withdraw since this can affect your payout.
Credit vs. Debit Cards
Both options come with specific pros and cons. A credit card allows you to make both deposits and withdrawals but runs the risk of getting you into debt. Processing times can be lengthy, and in Australia, they’re fast disappearing from the legal payment methods for online gambling. Debit cards allow you to manage your bankroll effectively and come with lower risks, but you can’t withdraw using them.
Browse through some online casinos to find a payment method that suits you best. With so many options, there’s no reason to choose a provider that doesn’t cater to your needs.
Important Changes for Aussie Players
Business Insider Australia has recently reported that Bank Australia will stop allowing customers to use their credit cards for any gambling transactions, effective 1 December 2020.
This policy change is similar to restrictions enforced by the likes of Macquarie Bank and Suncorp. Players using credit cards from any of these banks should start looking at alternate options such as eWallets or cryptocurrencies.
Credit and debit cards are still one of the most popular payment methods for online players. With changing laws and long processing times, they may be on their way out, though.
Although they have their benefits, there are so many other payment methods out there that deliver quicker payment turnaround and enhanced security measures.
The way of the future seems to be cryptocurrencies and eWallets, so why not give one of these ways to pay a try during your next play?