One of the most popular electronic payment systems in Australia is BPay, a payment option that offers users a safe and easy way to pay their bills online. 

On this page, we will go into detail about BPay. We’ll be looking at some of the most popular Australian betting sites that already accept BPay as an option, as well as why you should consider BPay as opposed to other payment methods.

We’ll also be looking at how to use BPay, what the processing times are for payments, minimum and maximum transfer limits and probably the most important factor for all punters, fees.

Most online betting platforms in Australia support BPay, so there is a lot to choose from. Below we have compiled a list of the most popular sites for you to consider. 

Bookmaker: Seen as one of Australia’s most innovative bookmakers, bookmaker.com.au offers betting on a wide range of racing markets. A unique feature they offer is ‘favourites vs fields’ which other bookies are now trying to emulate. 

TopSport: At TopSport, it’s all about the customer! This site is known for being one of Australia’s most customer-friendly betting destinations.

RobWaterhouse: A third-generation site that is still new, RobWaterhouse already making waves in the horse racing community. Although betting opportunities in other sports are limited, they do offer all your favourite Aussie sports.

PalmerBet: Another bookmaker that comes highly recommended for its customer service, PalmerBet built their reputation on racing but offer fantastic sports betting service too.

BetStar: By Australians, for Australians. We know that BetStar enjoyed their massive rise to the top for one simple reason: They provide punters with what they want!

Ladbrokes: Known to English punters for over 100 years, Ladbrokes has only been on the Australian scene for around 10 years and have quickly propelled themselves to the number 1 spot as Australia’s top bookmaker.

Neds: This is a new kid on the block that has made some waves throughout the Australian gambling industry since 2017. Neds is worth checking out just to take a look at one of their most impressive features: The Toolbox.

PlayUp: New to the industry and probably the most exciting company on the list from a business point of view, coming in like a wrecking ball and already acquiring 3 other companies along the way is PlayUp. Don’t let their lack of years in the industry fool you, these guys are here to take over.

First, the proof of the pudding is in the eating. Most of the Australian adult community already use BPay and over 45,000 businesses in Australia recognise BPay as a safe and secure payment method. 

Although BPay isn’t necessarily the fastest platform, many resources consider it the safest and most secure payment platform in Australia. 

Using BPay in Australia is like having a one-stop shop at your fingertips. BPay can be used for anything from paying your cell phone bill to top-ups and you can even make online purchases using the platform.

BPay is 100% Australian. Exclusively Australian. This means punters in, for example, New Zealand cannot use the BPay service even if they wanted to. This is the perfect way to support local businesses. 

Deposits are made using AUD which results in no conversion fees and cheaper deposits. One of its biggest drawcards is that BPay is a FREE payment service. 

This means sportsbook deposits do not incur any fees. It is also worth mentioning that making deposits with BPay does not share any of your sensitive information with the betting site.

Another big plus is that Australian citizens do not need to register a BPay account as it is included in your online banking services and is associated with the leading Australian banks. So essentially all you need to deposit to an online bookmaker is to have an Australian bank account. 

Using BPay to deposit money into your betting account is quite an easy process and we’ve laid it out step by step below:

The only fallback to using BPay is that it’s not instant so funds will not clear immediately into your account. This means you will need to plan your bets to ensure you don’t miss out. 

While this seems like quite a letdown for some, others would say that this is a great way to promote responsible gambling as it forces gamblers to be in control all the time and reduces the chances of last-minute, irresponsible betting. 

Although BPay is quicker than conventional options like bank wire transfers, it is not the fastest option available. Punters should allow for anywhere between 24 and 48 hours for their payments to clear so planning is key. 

While this might put some punters off, the fact that BPay charges no transactional fees more than makes up for this. The merchants/vendors are responsible for this, and betting sites do not offset this fee against your account balance.

BPay is an innovative company. One can’t expect anything less from a company that currently processes around $290 billion worth of payments every year. 

They have recently announced that they are not far off from launching a service that will allow their clients to make instant transfers using email addresses, much like PayPal, and phone numbers. 

With the turnaround time currently being BPay’s biggest flaw, rectifying this issue may see a complete takeover in the Australian market. 

BPay has no limit on minimum or maximum payments one can make, although each site has its minimum betting requirements, and this plays an important role in choosing the right betting site for you. Always make sure to check the terms and conditions of a site before getting involved. 

For those punters who are more the “spur of the moment” type, BPay’s inability to process transactions immediately will interfere with the way they conduct their betting business. So, for times where you want to place a bet on tonight’s game, here are some alternatives to BPay.

Recognised as one of the most popular online payment methods in the world, PayPal is accepted worldwide by a wide variety of platforms. 

PayPal’s flexibility across platforms is a huge drawcard and although using PayPal to deposit money to a betting account does incur fees, these fees are relatively small.

PayPal also offers a withdrawal option and it’s instant. Users can instantly send money from one PayPal account to another, so sending money to a friend or family member on the other side of the world is as easy as typing their email address linked to their account. 

It is important to note that not all Australian sportsbooks and betting apps accept PayPal as a payment method, so be sure to check your preferred site before registering an account. 

However, most of the big and more popular sites do accept PayPal payments so you shouldn’t have any problems if you decide to use them. 

Another alternative to BPay, and quite a big player in the Australian punting community, is POLi payments. POLi is already the go-to for many Australian punters due to its very low costs. Transaction costs are fixed at 1% and payments are instant. 

It’s also a huge plus that customers do not have to register an account to use POLi. It is thanks to this that POLi is extremely popular among Australian sportsbooks and is one of the most widely accepted payment methods. 

POLi enables a customer to pay for goods directly from a merchant’s website without using a credit card, but by using a direct connection to the user’s internet banking. 

A bonus is that the company is also Australian owned which, as we’ve seen in the case of BPay, is quite a big factor in the Australian community. 

Neosurf is a simple, voucher-based online payment option. These vouchers are sold online at a variety of dealers. 

You can pay cash, receive a receipt and a voucher code to use for the purchase you wish to make. This ensures complete anonymity for the purchaser as no registration is needed and no personal information or banking information is shared. Transactions are instant and 100% secure.

Neosurf vouchers come in set amounts, Australian clients can choose between 10 AUD, 20 AUD, 50 AUD and 100 AUD. Clients are limited to these amounts or a combination thereof which means more than one purchase might have to be made.

This service is completely free, which is a major drawcard. The only fee one might come across is a 2% value of purchase fee when foreign currency is involved, but for punters in Australia that stick to local platforms, this should be no problem. 

Vouchers can be bought using a variety of methods such as credit cards, debit cards, banking apps and even PayPal. 

Some casinos and online betting sites even allow you to cash out your winnings using NeoSurf, which makes this a very interesting tool for the punter who wishes to stay completely anonymous. 

For the Australian consumer looking for one payment platform that does it all, BPay is exactly that. With its seemingly only flaw being the fact that they don’t support instant transfers, it seems like a small price to pay for an otherwise excellent platform. 

As mentioned above, BPay has announced that they are working on an instant payment option and once this tool is added to an already bulletproof arsenal, it would make BPay the “no brainer” for Australian consumers. 

Unfortunately, BPay will never replace the likes of PayPal, even for the Australian market due to their Aussie pride. 

Even though BPay is widely accepted in the Australian market, it is not recognised as a payment method on most international platforms. 

Therefore, the Australian consumer looking to buy goods internationally or the punter using anything other than an Australian bookie would have to look at alternatives when it comes to settling the bill.