With so many Australian online casinos to choose from, it’s the small details that really make the difference when it comes to deciding where to play. Especially for players in Australia, where finding a truly great online casino can be challenging, it’s just not worth wasting time on any casino that isn’t offering players the absolute best.
One of the main things Australian casino players look for is fast payouts. It is, after all, understandable. What good is finding a casino that will take your bets if that casino makes it hard to collect your winnings?
The thing is, for the average player, it’s not easy to discern whether a casino pays out fast, or slow—or at all. The only real option is to simply play at different casinos and discover which pay the fastest through trial and error.
That’s where we come in. We’re here to help you take the guesswork out of finding superior casinos that are not only Australia friendly casinos, but fast payout casinos, too. Not only can we show you the best fast payout casinos available to Australian players, but we’ll also show you the most effective payment methods to use to make sure that you get your cash back fast when you want to withdraw from your casino account.
Online Casinos with the Best Banking in Australia
Limits: $20 – $6,000
Limits: $20 – $5,000
Online Casino Banking in Australia – Overview
Casino banking in Australia is not as easy as it used to be. After names like Neteller, Skrill, PayPal, POLi, Paysafecard, UKash, Citadel Commerce and others left, gambling sites had to rethink the way they process payments and adding alternative methods was a way to face the crisis. So excluding the brands mentioned above, you will be able to operate with your favorite Australian casino, using one of the following options:
Stay with me while we check each method in detail and see what you can do (and not) with each one.
Methods suitable for Deposits and Withdrawals
Online casinos offer a plethora of payment methods that work for Aussies, but you may have to select one or the other, to deposit or cash out. Surprisingly, Aussies can use VISA for both! Bitcoin is another great option, if you own the cryptocurrency.
Bitcoin became without a doubt one of the preferred methods when talking about Online Casino Banking in Australia. You can deposit and withdraw using BTC and most Aussie online casinos accept it, offering special bonuses for the ones who prefer to gamble with cryptocurrencies.
Like we mentioned in other sections of this website, there are pros and cons of using this method to play at online casinos. Cons, not so many, but I can mention the fact that you need to own the cryptocurrency first in order to gamble with it. Not everybody is ready to buy Bitcoins and I can understand that. Volatility? another big risk. Pros? well, payments are processed instantly or in a couple of hours through a peer to peer system, offering good levels of anonymity. Using cryptocurrencies allow you to bypass any GEO-restriction.
Cryptocurrencies can be used by anyone anywhere. Every day more casinos are starting to accept cryptocurrencies as a method of moving money into or out of player accounts. Perhaps the best thing about any crypto coins is that they are all instantly credited from one account to another by design. Cryptocurrencies are becoming increasingly popular with Australian casino players because of their reliability, privacy, and flexibility.
Bitcoin is, by far, the most widely used and accepted of the bunch, but you’ll see several others listed at many casinos. Bitcoin Cash, Litecoin, and Ethereum are also fairly common at casinos that accept cryptocurrency transactions. You’ll most likely to run into Tether, DogeCoin and a few others as well.
Surprisingly, VISA is one of the best casino banking options in Australia. Credit cards continue being the most popular deposit method and some Australian online casinos offer the option to make withdrawals too. Opting for this method won’t be an issue, because all online casinos accept deposits with credit cards with no fees. Sadly, not everybody has one nor would use it to gamble online. There are clear reasons not to do so, specially if you prefer to stay anonymous or keep a tight control of your gambling expenses. In that case, you may want to opt for prepaid cards.
Best Deposit Methods for Australian Casino players
If you discarded the previous 2 options, you may want to consider using prepaid cards. Something important to remark is that you will be able to make deposits with these cards, but you won’t be able to cash out. Some casinos also accept Upaycard, that works like a sort of ewallet.
Prepaid Cards – Australian Casino Banking
Prepaid cards work exactly like credit cards except that you “load” money onto the card first and can then spend that money at any venue that accepts the card. There are several prepaid cards available to Australian players which are accepted by many online casinos. These cards can be a great way to fund your casino account while maintaining a certain level of privacy over your personal financial information.
Two of the prepaid cards most commonly used by Australian gamblers are NeoSurf and UPayCard. Both can be purchased and loaded easily and then used to fund an account at the online casino of your choosing. Both are regulated by the UK’s Financial Conduct Authority, so you know that they are both safe and secure methods of transferring money.
Neosurf became instantly popular in Australia after Paysafecard left the market. It works in the same way, as a card that you can purchase for cash. This prepaid voucher. The truth is that having to “physically” go to the store to buy the card may be totally unappealing for some. This method is also unsuitable for high-rollers due to limits. On the bright side, you can use Neosurf cards to keep your personal and financial information safe, because they stay offline. When you make a deposit, you just need to confirm it using the code included in the card and that’s it. Some players may find in this method a perfect fit, because it allows them to keep a strict control of their gambling expenses, completely separating a gambling budget.
Although Upaycard stopped processing gambling transactions in USA, the company kept operating in Australia. You will still need to check with the casino and see if they allow withdrawals too, but if they do, you should definitely opt for this method. You can check our Upaycard review if you need more information about this payment method.
Australian Online Casino Banking / Withdrawals
Not being able to cash out your casino earnings is probably one of the most frustrating situations a gambler can face. Many shady operators delay withdrawals for obvious reasons: they simply don’t want to pay. But many others may face inconveniences finding a suitable method that allow for fast withdrawals in Australia. So, from what we saw, online casinos that are able to pay fast usually process them either on Bitcoin or using VISA, that also work for deposits. So if you own cryptos or you have a VISA credit card, you will be able to receive your earnings in the same day, or within 24 hours tops.
Direct Bank Transfers
Times can vary depending on particular banks, but direct bank transfers can be credited quickly for instant withdrawals as well. Bank transfers happen directly between your bank account and the casino’s. The transfer is completely electronic and is made using high-security, encrypted protocols. The main benefit to conducting your transactions through direct bank transfers is that there is nobody in the middle. The transfer of money to or from your casino account will be accomplished using the highest possible levels of security and fraud prevention.
You will experience some delay, but this method is the safest and most recommended when you want to withdraw higher sums.
The Missing Names
After the Interactive Gaming Amendment Bill of 2016 wen’t into effect, most popular payment methods stopped accepting gambling transactions. Here we are talking about the most popular ewallets and electronic transfer methods, that allow players to receive their earnings in the same day – if the casino is able to process them.
You will find many websites listing Neteller, Skrill, POLi, Paysafecard or Citadel Commerce as available payment methods to Aussies, but the truth is that none of them won’t work when we are talking about casino deposits or withdrawals. Processors are forbidden to process gambling transactions in Australia, therefore you won’t find many options to cash out fast.
Bottom Line – Casino Banking in Australia
After the IGA of 2016, Australian players were left with few banking options if they want to cash out fast. Obviously, when we are talking about deposits, there are more options available, but the problem arises when a player wants to withdraw.
There may be other options available at certain online casinos exclusively, but if we are talking about the best casino banking in Australia, you may want to opt for VISA or Bitcoin. Surprisingly, our top rated online casinos pay in a couple of hours using any of those methods. Not sure how the made it possible, but kudos! These guys understood the importance of fast payouts.
If you are a casual players, you may find Neosurf useful to make deposits of low sums, but if you are planning to go big on your wagers, you may want to stick to the previous options. Highrollers won’t find prepaid vouchers useful, due to unsuitable restrictions to the deposit amounts.