How To Pick The Best Banking Method When Playing At An Australian Online Casino
Online casinos are super-hot right now, as everyone jumps on board gaming on their phone, with people spoilt for choice with the options available. But picking a place to play isn’t always the easiest. Unlike the in-your-face advertising of sports betting in Australia, online casinos are different, so where to start can be a bit of a puzzle. Asking for recommendations from friends and family is a good way to investigate sites, but there are also other things to consider, such as the banking options available, if you decide to play for real.
True, there are many banking methods at Australian casinos, but picking the right one that suits your needs is crucial. To prepare, we’ve come up with a list of considerations when it comes to picking a casino that meets all your banking needs.
1. Consider Your Options
When you browse an online casino, you will typically encounter a range of different banking methods available to you, depending on the site.
Options generally include:
- Debit cards
- Credit cards
- Direct bank transfer
- PayID
- E-Wallets, such as Skrill or Neteller
- Mobile Wallets, such as Apple Pay
- Cryptocurrencies, such as Bitcoin or Tether
- Prepaid cards, such as Visa or Neosurf
Some casinos will specialise only in one or two particular banking methods. For instance, some gambling options are crypto only, or more obscure cryptocurrencies, which isn’t very handy if you’ve never even bought any Bitcoin and don’t understand the technology.
2. Consider Your Situation
Which banking methods do you currently use, or which methods would you be willing to use? This will usually dictate what type of banking you’d like to use at a casino. Of course, if you love the look and feel of a site, the collections of games on offer, or the bonuses available, you might be willing to put in the time and effort to start a new type of banking account just to play.
Some players are very careful with their money, so prefer to use a separate banking method from their regular banking options and just transfer as needed. This way, for instance, if you only want to spend $100 a month, you can set up an automatic monthly transfer through your regular bank and put your play money away.
This money hack is a good little security measure to know your limits, too. While most casinos have a feature to lock how much you spend each week or month, if you’re playing at multiple casinos over the month, then it can be tricky to keep track. Another hot tip is to transfer a bit to your savings account at the very same time, which will make you feel better about your money management.
3. Look at The Cashout Terms for Each Method
Not all casino banking methods always have the same terms behind their cash-in and cash-out handling. For instance, bank transfers can often take up to 48 hours to go through, even if you’re verified, which is a big pain if you want to play immediately. The same goes for cashing out: some banking methods might take longer than others to cash out.
Touching again on verification, if it is the first time you are playing at an online casino, you’ll need to go through the identity verification process. This is a legal obligation for the vast majority of online gambling options, a process known as Know Your Customer or KYC. While most casinos try to keep their verification process short and sweet so you can get to playing faster, others may take up to 24 hours or even longer. Take a look at the terms and conditions to see when you think you’ll be able to play.
4. Consider All the Casinos
In a world full of an explosion of choices for everything, sometimes we just give up and reach for the closest available thing that ‘sort of’ fits our requirements. Instead of doing this, consider your options – as there are plenty out there! Instead of finding a casino that you kind of like that takes your preferred banking method, you might be able to find your dream place to play.
A little more time and effort spent investigating and evaluating your options can pay off in dividends. Consider your search like you would when you’re booking holiday accommodation: find a good deal, that’s easy for you, fits your needs, and looks nice.
5. Remember – You Can Always Change Your Mind!
Your casino choice and banking choice right now aren’t fixed. You can switch up how and where you play at any time. There are no lock-in periods like gym or phone memberships, so feel free to move about when you find a better option!
