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Top Banking Methods at Australian Online Casinos

Online casinos in Australia provide players with numerous benefits. Some of them include tons of bonuses and promotions, access to numerous quality games, as well as various casino deposit options.

Yes, Aussie online gambling sites accept a plethora of payment methods. As a result, you enjoy massive flexibility in both deposits and withdrawals. Of course, each banking option comes with policies of its own. That includes minimum and maximum deposit/withdrawal, processing period, fees, and eligibility for rewards.

The number of casino banking methods in Australia is never-ending. There are both fiat and crypto options at your disposal. But which methods do Aussie players use the most? will help you learn that.

VISA and MasterCard

Coming in at number 1, we have VISA and MasterCard. These are credit/debit cards and a majority of casinos in Australia accept payments with them. In most cases, you can claim various types of deposit bonuses if you choose either of these online casino deposit options. Such bonuses include:

  • Welcome packages
  • Match bonuses
  • Reload bonuses
  • Loyalty rewards

They boast great security and if you use them at legit casino sites, you don’t have to worry about your card details falling in the wrong hands. While deposits with VISA and MasterCard are instant, withdrawals are a bit slower. Their cashouts come with a processing period of up to 5 business days.

Pros and Cons of VISA and MasterCard


  • Widely accepted on Aussie casino sites
  • Eligible for casino promotions
  • Easy to use
  • Highly secure options


  • Long processing period
  • Can lead to gambling addiction

As you can see, there are a few positives and a few downsides to using credit and debit cards. The good thing is that the pros outweigh the cons by a decent margin. These online casino payment methods are easy to use and eligible for all casino promotions. Additionally, almost all casino sites in Australia accept them.

Their downside is that you can end up waiting for up to a week for withdrawals. The second con is related to credit cards. As you may know, when you’re using a credit card, you're not using your funds. Instead, you're using the bank's money. At the end of each month, you receive a bill that contains your debt.

When you don’t have control over how much money you’re spending, you may overspend. That leads to gambling addiction. However, if you limit your time at Australian online casinos and play responsibly, you will never face this issue.


Next up, we have Paysafecard. Many consider it one of the most secure casino deposit options in Australia. Here’s why. When you purchase a Paysafecard voucher, you will receive a 16-digit code. You use this code to deposit and withdraw funds at online casinos.

As you can see, you don’t connect your bank account. As a result, your funds will always remain secure. And if that is not enough, all transactions at online casinos are extremely efficient. Deposits are instant and withdrawals have a same-day processing period. That makes Paysafecard an extremely efficient solution at Aussie online casinos.

Pros and Cons of Paysafecard


  • Increased security
  • Fast withdrawals
  • Eligible to claim bonuses and promotions
  • Fees are rarely charged


  • Numerous payment limits
  • Complicated to top up your balance

Time to break down the pros and cons of Paysafecard. Because you use a 16-digit code, Paysafecard provides you with massive security. As an e-wallet, this banking option is fully optimized for online use. That is why you will always enjoy fast withdrawals. In most cases, Paysafecard is also eligible to claim bonuses and promotions and the fees are either small or non-existent.

Now, let’s move on to the downsides. Apart from having casino limits for your deposits and withdrawals, Paysafecard has transaction limits of its own. That may cause problems sometimes, especially if you are looking to cash out a larger sum.

Additionally, the way to top up your Paysafecard balance is unique. You must personally visit a local point of sale. That may be complicated as you may not have one in your vicinity.

Bitcoin pokies

Next up, we have the most popular cryptocurrency for online casino payments – Bitcoin. This digital asset is one of the most efficient, if not the most efficient, payment method at Aussie casinos. Its decentralization and blockchain technology is the reason why Bitcoin is extremely safe.

Not only that, but since nobody has power in the network, nobody can charge you fees. Each deposit and withdrawal is instant and you can claim tons of bonuses by making casino deposits with it.

Pros and Cons of Bitcoin


  • Instant transactions
  • A certain level of online anonymity
  • Most popular cryptocurrency
  • No fees whatsoever
  • High decentralization


  • Highly volatile currency
  • The process of obtaining it is long

As you can see, Bitcoin has tons of advantages. All of them are a product of the fact that this is a digital payment method that’s highly decentralized. Every transaction with it is instant. Bitcoin also uses the cryptography method and hence, provides you with a certain level of online anonymity. As a result, your security is at the highest level. Decentralization is also why you will never pay fees for transactions.

The approach that Smartpokies has is not focused on the advantages only. The cons of this asset are its volatility and the process of obtaining it. Bitcoin is one of the most volatile currencies and its value changes daily. When it comes to using Bitcoin at casinos, you must first buy it at exchanges or mine it. Then, connect your wallet to the casino and transfer funds.

Apple Pay

Finally, we have Apple Pay. This casino deposit option features a Device Account Number. The DAN is independent of your bank information. That is why this option is as safe as you can imagine. And if that is not enough, a majority of Aussie online casinos accept payments with it.

Pros and Cons of Apple Pay


  • Unique DAN leads to greater security
  • Instant deposits and withdrawals
  • One of the most popular Australian e-wallets
  • Features a desktop and mobile app


  • Fees apply to deposits and withdrawals
  • Mostly optimized for iOS devices

We at Smartpokies want you to know both sides of every story. Hence, it is important for us to share both the pros and cons of Apple Pay.

As mentioned earlier, Apple Pay’s DAN is the reason why security is never an issue at casino sites. As an e-wallet, it features instant deposits and withdrawals. This is also a common method in Australia and it has both mobile and desktop apps.

The downsides are the fact that fees often apply. Additionally, since this is a payment method owned by Apple, it is mostly optimized for use on the company’s devices.

PayID pokies

PayID is a payment infrastructure created by the Reserve Bank of Australia and boasting a simple yet secure identification system. While most if not all payment systems are relying on emails, logins, and generated combinations of symbols, offering an e-wallet or a profile in return, PayID is a different story. It allows consumers to use a piece of personal information such as a phone number (cell or landline), or even email, to send money from their bank account.

The system was launched in 2018 and almost 97 banks in the country support it. A PayID can be requested at the local bank. The bank will then arrange for it to be associated with your bank account and you will be all set to go. The ID number or combination associated with your bank account will be made available for confirming your transactions. Every time you confirm a payment, you can view the recipient’s ID and name as well, which makes such transactions extra safe and transparent.

Pros and Cons of PayID


  • Unique PayID makes your transactions very secure
  • Deposits and withdrawals are nearly instant
  • A method designed specifically for Australia
  • Mobile use is possible for both consumers and businesses.


  • Not yet very widely available at casinos among payment methods offered
  • Standard fees may apply as imposed by the bank always makes sure to include plenty of great online casinos offering PayID among the payment options. Given the fact this is a payment method devised in Australia and highly secure, we feel that every Aussie player must have the possibility of using it freely.

Traditional downsides come down to availability (not every casino will have this payment option) and the fact some fees may apply, since this is essentially a bank transaction.

Honourable Mentions

A few additional payment methods that Aussie players use as casino deposit options are AstroPay, Ethereum, Luxon Pay, MiFinity, SticPay, eZeeWallet, Cash2Code, as well as Neosurf. All of them have certain benefits and provide players with great security.

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