What are credit cards and how do they work?
With the help of credit cards, you can make payments both online on countless websites and in millions of real-life so-called “points of sale”. They are linked to your normal bank account and guarantee you payment to the recipient. So, even though at this moment you don’t have any money in your bank account (yet), you can still make a deposit almost wherever you are and whenever you want.
You take out a loan that you pay off as soon as there is money in your account, usually after 30 days, but some of the credit card providers may give you the option to repay over a longer period and in smaller packages. The most commonly used and widely used are VISA and MasterCard. As such, they are accepted in 200+ countries worldwide and by more than 30 million companies. Additionally, these credit cards can be used internationally to get money from banks or ATMs around the world.
They offer you a presented amount of monthly credit, the amount of which depends on the type of card, the issuing organization and of course your monthly income. American Express is less widely accepted than both brands. You will find a good number of internet casino credit cards that take AmEx cards, but it is a much lower number than for Visa or MasterCard. Worse still, acceptance for gambling transactions is also lower when using American Express.
Why is it worth using credit cards in Australian online casinos?
The main advantage of using a credit card is availability. Almost everyone has a credit card. Furthermore, there is no country where a credit card is not accepted and widely used. So, it is very convenient to use a credit card for deposits and withdrawals.
Another significant advantage is the highest level of security of a credit card. The best security systems are applied in banks and therefore about bank cards. One can do all transactions without any fear. All information is protected by the best encryption software. One can also not be afraid that the financial institution will give the players’ personal information to third parties.
In addition, the credit cards are very easy to use. One simply needs to follow the instructions on the casino website to make a deposit into the player account or withdraw the winnings when using a VISA card. If you use a MasterCard card, the funds will not be paid out.
You can deposit any amount of money as long as the bank does not impose any restrictions. From the bank side, there will be some restrictions associated with the credit limits. When it comes to withdrawals, you can freely withdraw the funds using a VISA credit card.
Finally, a credit card is usually eligible to receive bonuses, which is not always the case with popular e-wallets. Therefore, every time you deposit with a credit card, you can apply for any online bonus in the online casino starting credit that the casino offers.
How to get a credit card for playing in AU online casinos?
You can get a credit card from any bank department available in your location. The conditions for issuing a credit card can vary from bank to bank. However, this is not a problem today and credit cards are widely issued and used for absolutely all purposes.
In addition, almost all Australian online casinos accept credit cards. Therefore, when registering at an online casino, one can be sure that a VISA credit card can be used in both directions: deposits and withdrawals. However, if you use a MasterCard card, you will likely be forced to find another withdrawal option.
Features of credit cards
The main advantage of any credit card is its security. Even if you encountered a scammer and made a deposit using a credit card, you can still get your money back. Credit cards usually offer a cashback option. This means that you can get the money back if the service was not provided or was not provided in the manner promised.
Another advantage is that the card is accepted in most online casinos. Therefore, one does not have to search through many options in the hope that the option chosen by the player accepts the best payment method. When you find your favorite online casino, you can be sure that it accepts a credit card.
There are usually no fees for using a credit card. This is a very important advantage for those players who are used to playing with large sums. However, you need to make sure that you know everything about the interest that you will have to pay on the credit card balance. When depositing at an online casino, the interest is present and it could be quite high.
A very significant disadvantage of a credit card is the withdrawal time. Even if the credit card casino processes all withdrawal requests in record time, the player’s bank may have a completely different policy. Typically it can take 3 to 7 days for a bank to approve a payment. If the casino processes all withdrawal requests within 24 hours, it may take up to 8-9 days to get the money onto the card. The deposits, on the other hand, are processed immediately and paid into the casino account.
Another disadvantage is related to the type of card used. In most cases, MasterCard credit cards do not work for withdrawals. However, we hope that soon both the online casino policy and the payment provider system policy will change to provide more benefits to players.
Set up your credit card
When signing up at a new gaming site, you’ll need to connect your credit card to your player account. Various casinos accept different cards and may offer unique welcome bonuses based on the chosen payment method, so it’s advisable to look for one that aligns with your preferences. Visa, MasterCard, and Maestro are among the most widely accepted card types on Australian sites.
It is recommended to check the credit card that you will be using for the credit card casino. To do this, you must send a card number, specify the validity period and send a photocopy of the card. You can then use the card without restrictions.
You also have to enter a special security code every time you make a deposit. This is necessary to ensure that the transactions have been authorized by the cardholder.
Visa casinos
Setting up your account at Visa casinos is uncomplicated. Simply link your card by entering your card and billing details, and you’re all set to start playing. It’s important to note that credit card transactions often come with a minimum deposit requirement. The advantage of using a Visa card is its widespread acceptance for direct withdrawals to your account, eliminating the need for intermediary financial services.
MasterCard casinos
MasterCard casinos are equally accessible and offer a setup process similar to Visa’s. You’ll need to provide your card and billing information to link your card. A notable distinction with MasterCard is the occasional requirement for players to use an alternative withdrawal method, such as PayPal. While this adds an extra step, setting up an alternative withdrawal method is generally straightforward.
Maestro casinos
Maestro Casinos allows you to connect your debit card for deposit transactions. However, unlike credit cards, you cannot receive withdrawals back to a debit card. Debit cards are plentiful in Australia, and acquiring one does not involve a credit check, making them easily accessible. They also offer a straightforward way to manage your funds while providing the standard security features expected of any bank card.
How to make an online casino deposit using a credit card?
The deposit into your casino account is the same for MasterCard, VISA and e-wallets.
- On the payment page of the casino website, you will need to select “Credit Cards” as the payment option to choose “VISA” or “MasterCard” as the credit card you want to use.
- You will need to fill out the card number, your name (as written on the card), the card expiration date and the 3-digit CVC security code found on the back of your card.
- After specifying the amount of money you want to deposit, you need to review and confirm the payment details.
- Like all credit card payments, the money is immediately available in your casino account and ready to be wagered.
Withdrawals using credit cards from online casinos
When withdrawing funds from the casino account using a credit card, the player must provide the credit card number, the name on the credit card, the expiration date of the card and the 3-digit CVC number. It typically takes up to 1 to 5 banking days before the withdrawn funds appear on your credit card balance.
However, not every online casino allows players to make withdrawals using a credit card, and if they wish to do so they usually require a player to have first made a successful deposit using the same card. Some credit card online casinos allow their players to make a certain number of withdrawals per 30 days, and if more withdrawals are made, a fee per extra transaction will be charged.
The minimum and maximum limits for withdrawals (like deposits) also vary per casino. The processing time for a withdrawal will typically be 3 to 7 banking days and most online credit card casinos will ask their players to provide additional identification documents, which may also extend the time before the withdrawn funds have reached the player’s account.
Transaction fees
The approach to credit card deposit fees varies across online casinos. It’s important to examine the terms and conditions before depositing with a credit or debit card. Any applicable extra fees for credit card use will be detailed on the casino’s website. Additionally, be aware that your credit card issuer may impose an extra charge.
Mainly, the fee paid to make a payment with your credit card depends on the casino you submit to. If payment is not free, then there is usually a fee of between 2% and 3% on the deposited number.
Verification process
Online casinos that accept credit cards require a verification process to authenticate payments. The aim is to ensure the credit card details align with the information registered on the casino’s account. The use of someone else’s bank card to fund a player’s account is strictly prohibited.
Withdrawal times
Credit card transactions are generally processed swiftly. Although many online casinos facilitate credit card deposits, withdrawals via credit card are not universally available. Players might have to opt for an alternative payment method to access their funds.
Credit cards security
When you make payments with such giants as Visa and MasterCard Casino, your personal information is protected by the highest level of security. They use many layers of top security to protect your information and they also offer insurance to reimburse you if something goes wrong.
Credit card casino bonuses in Australian online casinos
Australian online casinos often extend a range of enticing bonuses to players who opt for credit card transactions. These bonuses are designed to enhance the gaming experience, offering additional value and opportunities to play. Here’s an overview of typical credit card casino bonuses available in Australia:
- Welcome bonuses
Most Australian online casinos offer generous welcome bonuses to new players making their first deposit with a credit card. These can include match bonuses, where the casino matches your deposit up to a certain percentage, significantly boosting your starting bankroll.
- Deposit bonuses
Beyond the welcome offer, players can enjoy deposit bonuses for subsequent credit card deposits. These bonuses may be part of promotional campaigns or regular casino offers, providing a percentage match to further extend gameplay.
- Free spins
In addition to cash bonuses, credit card deposits can also unlock free spins on popular slot games. These are often bundled with welcome or deposit bonuses, giving players a chance to win real money without risking their funds.
- Loyalty points
Using a credit card for deposits may also contribute to a casino’s loyalty or VIP program, where each transaction earns points that can be converted into bonuses, cash, or other rewards. Regular credit card users might find themselves advancing through VIP levels faster, unlocking exclusive bonuses and benefits.
- Cashback offers
Some casinos offer cashback on losses incurred during a specific period or on specific games, available to players who fund their accounts via credit card. This bonus acts as a safety net, returning a portion of lost bets back to the player.
- No deposit bonuses
While less common, some online casinos might offer no deposit bonuses to credit card users. These bonuses are granted without the need for a deposit, allowing players to try out the casino’s offerings risk-free, though they may come with higher wagering requirements.
Credit card alternatives in Australian online casinos
Australian online casinos offer a variety of payment methods beyond traditional credit cards, catering to players’ diverse preferences for deposits and withdrawals. Here’s a rundown of popular alternatives:
E-Wallets
- PayPal: One of the most popular e-wallets globally, known for its security and convenience. Transactions are instant, and users can both deposit and withdraw funds.
- Neteller & Skrill: These e-wallets are widely accepted in online casinos, offering fast deposits and withdrawals. They are highly regarded for their ease of use and security features.
- EcoPayz: Known for its global acceptance and security, EcoPayz offers instant transactions and is a great option for both deposits and withdrawals.
- MuchBetter: A mobile payment app designed specifically for online gaming. It offers low fees, fast transactions, and enhanced security.
Prepaid Cards
- Paysafecard: A prepaid option that allows players to deposit funds without sharing personal banking information. It’s ideal for those who prefer anonymity and control over their spending.
- NeoSurf: Similar to Paysafecard, NeoSurf is a prepaid voucher system, offering a secure way to deposit funds without a bank account or credit card.
- AstroPay: A virtual prepaid card that provides instant, secure, and anonymous payments online. It’s widely accepted and easy to use for casino deposits.
- EntroPay: A virtual Visa card that allows users to make payments and withdrawals online. It acts as a bridge between your bank and casino accounts, providing an extra layer of security.
- Flexepin: A prepaid voucher that can be purchased at various outlets. It allows for secure and anonymous deposits without the need for a bank account or credit card.
Bank Transfers
- Bank Wire Transfer: A traditional method for higher amounts, though it tends to have longer processing times for both deposits and withdrawals.
- POLi: A preferred online payment method in Australia and New Zealand that allows you to pay directly from your bank account without registering or using a credit card.
- Instant Bank Transfers: Services like Trustly facilitate direct bank transfers in real time, making them a convenient option for players who prefer using their bank accounts without waiting times.
- Revolut: A digital banking alternative offering a debit card that can be used for both deposits and withdrawals, including currency exchange features for international players.
Cryptocurrencies
- Bitcoin: Offers anonymity, security, and fast transactions. Many casinos now accept Bitcoin, along with other cryptocurrencies like Ethereum and Litecoin, for both deposits and withdrawals.
- Litecoin (LTC) and Ethereum (ETH): Similar to Bitcoin, these cryptocurrencies offer the benefits of high security and anonymity, with some casinos offering special bonuses for crypto deposits.
Mobile Payments
- BPay: A bill payment service that allows users to make payments directly from their bank accounts. It’s known for its ease of use and security but is primarily used for deposits.
- Zimpler: A mobile payment solution that allows you to make secure payments directly from your smartphone. It’s designed with online gaming in mind, focusing on simplicity and security.
Advantages and disadvantages of using credit cards in online casinos
- Casino deposit with VISA is easy, the payment will usually take no more than a few minutes.
- It is a quick way to upload money to your casino account (the money will be available in the casino account immediately).
- You can deposit into your bank account without the money (since it is a “loan” and the “loan” has to be repaid afterward).
- You can choose how you would like to repay your credit: through a monthly withdrawal or over a longer period.
- It is accepted worldwide as a payment method on millions of websites and millions of points of sale around the world.
- You can very easily lose what you spend. You can make payments with money that you don’t have a certain amount of self-control to not spend more than you can afford.
- When using credit cards, you must be very careful with both the credit card details and your personal information, as they are capable of allowing third parties to misuse your card without authorization. As with any deposit, this data must be provided, and many players generally feel uncomfortable using credit cards to be able to deposit funds into their casino accounts.
- There are fewer and fewer internet casinos that allow withdrawals to be made using this online banking. If a casino allows credit card withdrawals, processing time (combined with providing additional identification documents) could be another significant disadvantage.
- Some online casino credit cards have a fee for both credit card payments and withdrawals, which can make credit cards a less convenient online casino payment method for a lot of players.
Final thoughts on credit card online casinos
Just like the VISA credit card, MasterCard has also lost a lot of its popularity as an online casino payment option in Australia in recent years. This is mainly due to the various other online payment methods (such as e-wallets, debit cards and prepaid cards) that have emerged. These online banking options allow you to make casino deposits that are not only more secure, but they almost all offer the same advantages and conveniences such as ease, instant availability and wide acceptance as by paying by credit card. Nevertheless, most online casinos and live casinos accept credit cards as a banking option, especially for making deposits.
Today credit cards still are a wonderful way to make deposits at almost all Australian online casinos. This is one of the safest and most accessible options. However, the biggest problem with MasterCard credit cards is that in most cases you cannot make withdrawals. But in this case, credit card casino service providers offer many alternative options. Choose the most comfortable one and enjoy the best gaming experience.
