Australia is one of the most open countries for online gambling. Almost every adult in the country has gambled at least once. This is evidenced by analytical data from recent years. According to them, it was also concluded that Australians are the most gambling people in the world. For instance, Canadians spend an average of 560 USD a year while Australians spend 1,260 USD. Thus, it can be noted that Australians are more willing to play online casinos. By now you probably understand the reason for the large influx of operators into this market.
And here we come to the fun part. While online gambling is incredibly successful in Australia, there is one caveat. Legally, only local operators can offer to gamble. Customers themselves can play without restrictions. This has contributed to the fact that Australian customers today have no problems with the settlement between the online casino and the players.
Bank cards (Visa, Mastercard)
There are now several dozen online casino payment instruments. With their incredible variety, one payment option will be present in any legitimate casino – Visa and Mastercard bank cards. Almost every working person on the planet has a bank card. This is evidenced by the more than 2 million customers Visa alone has. The cards are used to pay salaries, we pay with them in shops. So why not pay at an online casino as well?
If you’re looking for the safest and easiest way to make a deposit at an online casino with an Australian player pass, feel free to make your deposit using Visa. This system employs robust transaction protection methods against fraud. The Mastercard option is just as good. It also uses multi-step encryption methods. This gives the user a 100% guarantee of secure transfers. These two services emerged at virtually the same time, in the 1965s and 1970s. Over the decades, they have gained credibility due to their ability to make all kinds of payments online.
For all its good points, this option also has its drawbacks. You should be aware of them before using this option in an online casino. First of all, there are long transactions. It is not uncommon for a client to have to wait several days for his money. The second disadvantage of this method is the presence of commissions. Moreover, bank cards are “famous” for the highest commissions in the segment. Because of this, before making a transfer, one should be aware that a percentage will be deducted from the transaction fee.
To make a payment at an online casino, go to Cashier. Choose Visa/Mastercard among all the systems available at the chosen site. Replenishment of your account takes place in a couple of clicks. You need to specify the card number, its expiry date and CVV2. Then, choose the amount to be deposited, click on the payment button and enjoy gambling in a matter of minutes. Deposits are almost instantaneous. Because of the need to specify CVV2, which in the hands of scammers becomes a major value, many are sceptical of Visa/Mastercard payments. This is actually a big misconception. All transactions are fully protected against hacking.
E-wallets (Skrill, Neteller)
The second most popular method of making payments in online casinos is E-Wallet. There are more than a dozen wallet options around the world. Of the whole number, the most popular are Skrill and Neteller. They have long been proven to be efficient and beneficial to players. These systems are present in more than half of the countries in the world, work with dozens of currencies, and are known for fast payments and convenience. This makes them the second most popular method at online casinos.
The Skrill and Neteller services have a large number of positive qualities. For example, experienced users can tell that any transactions, including withdrawals, are completed within just a couple of minutes. In addition, Skrill and Neteller are meticulous about protecting their customers. The system uses SSL encryption. It’s one of the best IT solutions for creating a secure wallet experience.
Like any other tool, Skrill/Neteller has disadvantages. One of the most tangible is the commissions. Skrill is the biggest loser in this aspect, as it has a 7.50% fee for intra-network and bank card transactions. On top of that, you will have to pay 3.99% extra for the conversion. Against this background, 1.45% of the Neteller fee looks quite favorable. The second disadvantage is due to the fact that the system has a limited maximum for a single transaction. To increase it, users have to go through a tedious verification procedure. It is similar to verification in an online casino and therefore may cause additional discomfort.
When making payments, the algorithm is somewhat more complicated than with bank cards. The first thing to do is to get a wallet and top up your account. This will take some time. Only after that go to the casino cashier, choose your preferred system, specify the amount and wait for the money in your account. This option is very convenient in terms of functionality. Apart from gambling, this option can also be used in other situations. For example, to pay for online purchases. Remember that in gambling clubs you can only use your own wallet. “Borrowing from a friend is strictly forbidden.
Bitcoin
Cryptocurrency, and Bitcoin, in particular, is the youngest service currently available in online casinos. It took a while, but still gained the trust and love of Australian players. Now, almost half of gamblers from around the world have a crypto wallet through which they exchange money with gambling clubs. There has also been a significant increase in the popularity of the currency among Australians.
Blockchain technology has many advantages and few drawbacks. The advantages are primarily anonymity. Due to the decentralised nature of the system, no one can ever gain information about the user. This is a big plus for those who want to remain incognito in their hobby. As bestslotsjournal.com claims, you can play anonymously at online casinos in Australia.
Further, the highest level of security of the method is noted. Thanks to innovative cryptographic technology and the technical impossibility of tampering with blockchain processes, money transfers are 100% secure. A third important advantage of blockchain is the lowest fees. For example, USDT currency has a fee equivalent to USD 1-2 regardless of the transaction amount.
Because of the specific nature of the emergence of cryptocurrency, it is now common to divide all existing casinos into three types: traditional, hybrid, and cryptocurrency. The latter two necessarily offer Bitcoin as a means of payment. Cryptocurrency venues, in terms of currency choice, offer more choice. The first option, on the other hand, is characterised by centralised services only.
To attract players’ attention to this innovative payment method, operators are encouraging customers in every way possible. Firstly, most casinos offer step-by-step instructions with the addresses of the sites where this currency can be purchased. Secondly, for cryptocurrency customers, the bonus amounts are many times more generous.
The disadvantages are that the transactions are irrevocable. Before confirming a transaction, check that the wallet address is spelt correctly. Otherwise, the money will be lost forever and there will be no way to get it back. With all the positives of using crypto-purses, there is only one minor drawback that has made this option for payments popular among players in Australia.
Final thoughts
Comfort at an online casino is a very important parameter for players. No one wants to complicate their life, everyone wants to turn off their head and enjoy gambling. And the first step towards this is to provide as much choice of payment systems as possible. Legal gambling clubs try to attract at least 10 payment systems to their site. Preferably, they cover all kinds of systems, from classic bank cards to innovative ones such as cryptocurrency.
If you prefer a familiar lifestyle and don’t want to have to worry about whether a system you’re unfamiliar with is reliable or not, opt for bank cards. Most online casinos have them. Australian residents can use Visa/Mastercard with no problem. However, be prepared for up to a 2.5% transaction fee.
E-Wallet is a more advanced tool and is in demand for fast payments. However, it must be remembered that there is a price to pay for fast transactions. Sometimes you have to pay a lot, as in the case of Skrill. There are a lot of players who are willing to part with a significant amount. That is why Skrill and Neteller remain popular options.
Another of the best options for gambling with money at online casinos in Australia is to use cryptocurrency. With the seeming difficulty of acquiring it and a lack of understanding of how it works, many people dismiss this tool. However, this perception is based on a misconception of how blockchain works. The growing popularity of Bitcoin and other digital currency names in online casinos proves this.
Disclaimer: This content does not necessarily represent the views of IWB.