As the number of online gamblers in Australia continues to rise, the payment industry needs to keep up to ensure that they are offering a wide selection of deposit and withdrawal methods in line with what Aussies expect. Naturally, the bulk of online casino players wager real money on their favourite games and so expect safe transactions that do not take forever to reach them.
By far the most popular means of depositing funds in an online casino account is using a credit card. While cards are perfect for the majority of purchases, some players may find that different services offer better rates, more rewards or greater flexibility and we look at some of these alternatives below.
A number of online money management services exist, many of which were created with the explicit goal of replacing credit and debit cards as Australian players’ deposit and withdrawal methods of choice. While they also require additional deposits, they also offer numerous potential advantages. Many services, for example, trade on nothing more than a player’s email address following a deposit, enhancing the level of privacy and security on all relevant transactions. Among the more popular of these services are Poll, Neteller and Skrill, each of which is used around the world.
In Australian terms, two of the most popular electronic wallet services are Click2Pay and Citadel, both of whom are extremely similar to Skrill and others and allows players to keep their gambling funds in one place, regardless of how many different online casinos they use. Registration is easy and the only reference used in transactions is either an email address or screen name. What’s more, all reputable online casinos accept each of these services, meaning that players can withdraw and deposit as they wish without revealing specific payment details to the provider.
Naturally, sites such as Neteller and Skrill do require linking a credit card to the account. The main benefit comes from not sharing payment details with a casino and instead relying on these services who guarantee industry standard security. It is important to remember that such services need to be secure, and it is best to take no risks when it comes to selecting a provider.
A popular payment method in Australia is BPAY, which is exclusive to the country and generally associated with paying bills. However, it also has its uses in gaming and takes much of the stress out of transferring cash directly from a bank account. The service offers a suite of tools to ensure that money gets from a player’s account to its destination without the need for any form of credit or debit card.
Another favourite among Aussie players is EcoCard, which boasts regulation by the UK Financial Services Authority. In effect, an EcoCard is just like a credit card, but is prepaid and anonymous. Details are only held by the card issuer and anyone is free to get a card regardless of their credit rating.
Those who still prefer to pay by cash, even in this web-dominated time, will no doubt find Ukash to be an excellent solution. They also offer prepaid credit cards, but the core of their service is paying for online services with cash. Players simply purchase a voucher from a participating retailer and the amount paid can then be used anywhere online that accepts Ukash payments. For casino gamblers, the good news is that the majority of online casinos are one such industry that is happy to accept it. Once again, the fact that players are effectively topping up their balance with cash reduces the amount of personal and financial information exposed online.
UseMyWallet is operated by a company linked to EcoCard and is a relatively new electronic wallet service. The key selling point for Aussie players is that it was designed specifically for use with online casinos. What’s more, many casinos pay players a bonus on deposits made by this method, usually to the tune of 10% on top of the original deposit amount.