Thu, Apr 25, 2:40am by Mia Chapman
Last Updated Tue, Oct 8, 12:32am
When you first sign up for an online casino, a poker room, or a sportsbook, you’ll probably want to get right to placing your bets.
You’ll first need to make a deposit into your account before you can play for real money.
Below, we’ve answered some of the most important and common questions about online gambling deposits.
If this aspect of online gambling has confused you, this guide should get you up to speed on the most commonly used deposit options on the Internet.
Australians do not have to worry about any broad restrictions on banks or other financial institutions when it comes to gambling transactions, so a wide range of options are always open to players here. Many of these methods are probably options you’ve used to make purchases or pay bills online, such as credit and debit cards or online banking interfaces.
However, there are additional methods for making deposits that are most commonly used with online gambling, such as some e-wallet sites and pre-paid methods. This variety means that no matter what resources you have available to you, it’s likely that you’ll be able to deposit money without much trouble.
Most gambling sites have a cashier section that can be accessed either on their website or through their downloadable software client. This cashier or banking section will list all of the available deposit options, allowing you to see which deposit methods are available to you at that site.
Credit card deposits may be the simplest way to move money into an online gambling account. In order to make a credit card deposit, you’ll need to find the credit card option in the cashier section, and then input the card information (such as the number and expiration date) along with the amount of money you’d like to deposit. Submit your request, and your money will immediately appear in your casino account.
Yes, debit cards can be used at Internet gambling sites in the same way as credit cards. At some sites, you may see a separate option for debit cards; in others, you may be able to use your debit card as a credit card, depending on whether your card (and your bank) supports that option. Like credit cards, debit card deposits are processed immediately, meaning you won’t have to wait to start playing.
Since Visa and MasterCard are the biggest card payment companies worldwide, it’s probably not surprising to hear that they are also the most likely cards to be accepted at online gambling sites. While cards like Discover and American Express are sometimes accepted as well, this is less common.
It’s also possible that while a site will be happy to accept your card, the issuing bank or company may not approve the transaction. Transactions tagged as online gambling will be rejected by some banks that do not wish to have their cards used for internet gambling purposes. This isn’t normally a problem in Australia, but there may be a few banks that do prohibit such transactions. Again, Visa and MasterCard-branded cards are more likely to be processed than others, as the policies on these cards are entirely set by the individual issuing banks.
E-wallet sites are financial sites that allow individuals to make and accept payments from other people and companies, while also allowing them to store money in an online account for further use. Perhaps the most famous e-wallet site in the world is PayPal, though that is not an ideal site for gambling purposes, as they do not allow their service to be used with most gambling sites.
E-wallet gambling deposits are fairly simple to process, though they do take some prior setup. You’ll first need to set up an account at the e-wallet site of your choice. You’ll probably also want to link your e-wallet account to a funding source, such as a bank account or a credit card. Once your e-wallet account is funded, you can use those funds to make deposits at online gambling sites by choosing the appropriate option in the cashier section.
Neteller may be the most commonly used e-wallet for online gambling. Neteller has been a part of the internet gaming landscape since 1996, and is accepted at most major sites. While there are some countries where Neteller cannot be used, that’s not an issue for Australians, who are permitted to hold Neteller accounts.
If you’d prefer to have an e-wallet account that can be used for purposes other than gambling, you might want to look into opening a Skrill account. Skrill, formerly known as Moneybookers, is accepted at most sites. However, it’s also widely used outside of gambling, meaning money in your Skrill account may be able to be spent elsewhere. Other popular e-wallets used within online gambling circles include Click2Pay, ClickandBuy and EntroPay.
POLi is a payment option that is unique to Australia. It works with your bank’s normal online banking interface to streamline online gambling payments. Once you decide to make a POLi deposit at a gambling site, you’ll be prompted to select your bank from a list, after which you’ll be taken right to the same online interface you’ve probably used countless times before to pay bills or check your account balance. You’ll simply have to confirm the amount you want to deposit, and the transfer will be made instantly.
Not all banks participate in POLi. However, many major banks in Australia and New Zealand are a part of the program, meaning most Australians will find we can use POLi to finance our online gambling. For a complete list of banks that work with POLi, you can check our comprehensive POLi page.
Prepaid methods have become more popular in recent years, as some players who either can’t use other methods or would prefer not to share financial information with online gambling sites have found them to be a good workaround. The most popular of these prepaid products is Ukash, a voucher system that can be purchased at retailers throughout Australia or from the Ukash website. Those vouchers come with codes that can then be used to make Internet gambling deposits.
If other methods are not available to you, many websites allow players to make wire transfers or bank transfers (sometimes referred to as e-checks) in order to make deposits. However, keep in mind that these transfers sometimes take a few days to clear, making them a somewhat slower method than the others mentioned above.