The online betting industry continues to grow by the day with new innovations, markets, and betting options. Before you jump to sign up at a sportsbook there are a few things you will need to consider. This includes finding a betting site that provides quality markets and events to bet on along with great, trusted payment methods you can use to fund your account.

For Aussie players, there is a bit of a smaller selection of payment methods to choose from. This is due to the revision of the Gambling Act in 2016. With the revisions in the law, many popular payment methods have removed themselves from the list of available options.

Today you only have a small selection of popular and trusted payment methods to choose from for both deposits and withdrawals. Unfortunately, with the regulatory changes, there is no allowance for sign-up bonuses as an incentive to join a sportsbook but there are always plenty of bonuses and promotions for existing loyal bettors.

Best Sports Betting Payment Methods for Australia

Apple Pay Betting Sites
Bookmaker Cards
BPAY Betting Sites
Cash In Betting Sites
Flexepin Betting Sites
Mastercard Betting Sites
Neteller Betting Sites
PayPal Betting Sites
PaysafeCard Betting Sites
POLi Betting Sites
Skrill Betting Sites
VISA Betting Sites

Betting with Credit & Debit Cards in Australia

Credit and Debit Cards are generally at the top of the accepted payment methods lists. This old and trusted payment method is a convenient option that is available globally. There are several credit and debit card powered banking options which include MasterCard, Visa, and Maestro. There are many benefits to using a debit or credit card including speed, efficiency, and the security of transacting online with a trusted banking entity.

MasterCard

MasterCard is one of the top payment methods for funding your online casino account. There are various advantages to using MasterCard which include its availability in most online casinos, the benefit of instant deposits and payments available in various currencies.

MasterCard - Pros

Fast and secure payments
Offers discounts and other rewards
Supported by most online operators

MasterCard - Cons

Not always available for withdrawals
Fees may occur

Visa Card

Visa and MasterCard are very often seen as a package deal as it is not often you get the one without the other. They also come with the same benefits and features which include global reach, nationwide acceptance, and reasonable fees. With Visa, you can look forward to quick and secure payments at any time.

Visa Card - Pros

Secure payment method
Instant deposits via multiple currencies
Rewards and Freebies

Visa Card - Cons

Fees on transactions
Debts can occur

Maestro

This payment method is one of the popular debit card options. It is in line with MasterCard and VISA. Offering you a safe and secure transaction option with rewards and multiple currency options. As the backbone for most ATMs around the world Maestro is highly regarded for its speed, convenience and security features.

Pros

Secure payment methods
Discounts and freebies available
Instant Deposits

Cons

Not available at all operators
Fees may occur

Betting with Bookmaker Cards in Australia

There are various online bookies that are dedicated to creating a better experience for customers on all levels, this includes taking initiative in terms of payments. A select number of Aussie bookmakers have introduced their own cash cards. This allows you to get instant access to your winnings without having to wait for the payment provider to pay the funds.

These bookmaker cards are available from the likes of Ladbrokes, Sportsbet, and Neds. With the cash card, you have the option to withdraw your winnings directly at an ATM after winning. These cash cards take away the long waiting period and give you instant access to your fund.

The great thing about these cash cards is that they operate pretty much the same as a MasterCard or Visa card, allowing you to make daily transactions and purchases if you have enough funds in your account.

Ladbrokes Australia Card

The Ladbrokes Mastercard is available to all bettors, and you can apply for one directly from the website. It takes 7-10 business days to receive your card and you can activate it via the My Account section. From there you can enjoy contactless payments including ATM withdrawals.

Pros

Quick deposits
ATM withdrawals available
Popular payment option

Cons

Only Ladbrokes transfers allowed
Not available everywhere

Ladbrokes MastercardGet a Ladbrokes bank cardApply

Neds Card

With the Neds card, you have instant access to your winnings as well as the option to use it for purchases online. If your card is activated, you can use the card to make deposits and withdrawals. This payment method is only available to verified players with a wagering account.

Pros

Instant deposits and withdrawals
Mobile App Available
No interest on transactions

Cons

Fees may occur
Load Limits apply

Neds Bank CardInstant deposits & withdrawals with Neds bank cardApply

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Betting with eWallets in Australia

EWallets are among the most popular payment methods available to players across the globe today. With eWallets you have the option to transfer funds online knowing there is no evidence or links for the transaction. It is safe, anonymous and a speed payment method to use.

Popular Australian eWallets include:

Neteller

NetEnt is one of the biggest payment methods available today. With Neteller, you can enjoy quick deposits and withdrawals in a wide range of languages and currencies. The availability of the different currencies and languages will vary based on which region you are playing from. With Neteller deposits are instant and free but some fees might occur.

Neteller Pros & Cons

Safe and popular payment method

Quick deposits & withdrawals

Anonymous funding

Fees might incur

Not available in every region

Paypal

PayPal has an interesting history and uses to be blocked by many betting sites. Today it is slowly being added to the list of available payment methods in various casinos. With PayPal, you can deposit and withdraw via a number of online services including eBay. It is available in over 200 countries and allows for both deposits and withdrawals.

PayPal Pros & Cons

Purchases require the physical card

Instant deposits and withdrawals

Secure and safe payment option

Not widely accepted

Fees may occur

Skrill

Skrill is another popular payment method that is used for funding your betting account. With Skrill, you can enjoy top-level security along with the latest in eWallet technology. You can fund your Skrill account using a credit card, bank wire or prepaid card. Like Neteller, it has a range of benefits which include great rewards.

Skrill Pros & Cons

Top level security

Great VIP program

Many loyalty rewards & bonuses

Fees may occur

Not accepted by all sites

These popular payment methods might not be available but there are great alternatives to choose from which include EcoPayz and Click2Pay. These are among the top payment methods available to Aussie players and allow for instant deposits and quick withdrawals. Along with the speed of transactions, there is the added benefit of increased online banking security.