Betting Sites Payment Methods

Payment methods might not be the first thing that you think of when it comes to choosing a betting site, but depositing and withdrawing is something that you’ll need to do regardless of which bookie you’re with. Most bookmakers will offer at least a handful of the same methods – most notably debit/credit card – but there are an increasing number of alternatives available, and if you prefer to use one of these it’s important to ensure that the betting site you use has it available. In this guide, we’ll talk you through the range of different payment methods you can find, the pros and cons of each of them, as well as who offers what.

Every Australian betting site has a different selection of payment methods available to the punters. Some offer only a relatively limited range of choices, though there are a number of deposit and withdrawal methods which you’ll find at the vast majority of betting sites, if not all of them. These are the likes of debit/credit card (either Visa or Mastercard), as well as bank transfer (often only available for withdrawal).

There are, however, a growing number of alternatives which are available with plenty of bookies. Among the most popular of these are PayPal and POLi, two secure online payment methods which have been around for a number of years, while other options include e-wallets like Skrill and Neteller, BPay, Apple Pay, Flexepin, paysafecard, cash, cheques and bookmaker card. Below, we’ll go into more detail about the pros and cons of each of these as well as where they’re available, but for now let’s take a look at the deposit speed of each, and which of them it’s possible to withdraw with.

For some punters, the range of payment options available won’t have much influence over which betting sites are most suitable for them. Most likely this will be those who just use debit/credit card for both deposits and withdrawals, a payment method which is available virtually everywhere and which can always be used for instant deposits. For others, however, particularly those who prefer to use a less common method, the availability of their preferred choice as well as how quickly deposits and withdrawals are processed can be a determining factor in whether they choose to use a particular bookmaker or not. Below, we’ve listed the payment options available with each of our top rated bookmakers to make it easier for you to decide whether a particular betting site is suitable for you.

Best betting sites payment methods in Australia

• Playup: Visa, Mastercard, POLi, Bank transfer, BPay
• Boombet: Visa, Mastercard, POLi, BPay, EFT notification, bank transfer
• Ladbrokes: Credit/debit card, PayID, PayPal, Cash In, Apple Pay, Flexepin, bank transfer, BPAY, bank transfer
• Winnersbet: Visa, Mastercard, POLi, Bank transfer
• Bet365: Visa, Mastercard, POLi, Maestro, PayPal, Apple Pay, Bank transfer, Flexepin, Paysafecard, Cash top up, Bet365 Mastercard, Bet365 Visa, Cheque, Clicktopay
• Draftstars: Visa, Mastercard, POLi, Bank transfer
• Picklebet: Visa, Mastercard, POLi, Bank transfer
• Topsport: Visa, Mastercard, POLi, BPay, Bank transfer, Paysafecard Cheque, Clicktopay
• Palmerbet: Visa, Mastercard, POLi, BPay, Bank transfer, Osko
• Unibet: Visa, Mastercard, POLi, Apple Pay, PayPal, Bank transfer, BPay, Neteller, Skrill, Ecopayz, Cash in, Flexepin

How to choose the best banking option

There are a number of different reasons why one banking option might be more suitable for you than the rest. Perhaps the most pertinent of these is familiarity; once people are acclimatised to using a particular payment method, know how it works and are sure that it’s secure, there’s little reason for them to need to change and use an alternative.

The security factor is another important one. When you’re depositing and withdrawing your own money, you want to be certain that the method you’re using to transfer funds is a secure one and that your details will be safe. For the most part, the payment methods offered by legitimate Australian betting sites are safe, but nonetheless it’s good to be familiar with how one works to be sure.

Many people will also want to ensure that the payment method they use is available for both deposits and withdrawals, as that way they can use the same method each time they make a transfer. Not all payment methods are available for both, and it’s not uncommon for deposit methods in particular to not be available for withdrawals.

Another thing to consider is fees and limits. Where some payment methods are very flexible, others have certain fees each time that you use them, while some also have different limits in terms of how much you have to withdraw or deposit. This will also be determined by the bookmaker, but certain methods do have minimums transfers which might not be in line with the minimum set by the bookie.

All of these things can play into your decision as to which payment method you choose to you. Make sure that you take each of them into consideration before settling on the best payment method for you.

Betting Sites Deposit options

In this section, we’ll go into further detail about each of the payment methods we listed above. We’ll talk about everything from the popularity of a banking option through to how to use it and where it’s available, as well as its pros and cons, to give you a comprehensive understanding of the best payment methods with Australian betting sites..

Debit/credit card – Visa & Mastercard

 
Visa and Mastercard debit and credit cards are probably the most popular and straightforward payment method available on most Australian betting sites. Using your debit/credit card as a payment method is particularly easy, and all you need to do is:

1. Login or sign up to your preferred bookmaker
2. Verify your card
3. Enter your card details
4. Enter your deposit amount

✔️Debit/credit card pros

• Instant deposit
• Widely available
• Safe and secure

❌Debit/credit card cons

• Though it’s secure, some people aren’t comfortable sharing their card details online
• Not always available for withdrawals

PayPal

PayPal is another very common payment method which is available with a reasonable number of different bookmakers. A safe and secure platform with no fees on betting site, it’s easy to see why so many punters choose to use this payment method. To use PayPal as a payment method, this is what you need to do:

1. Login or sign up to your preferred bookmaker
2. Enter your PayPal details on the payments page – typically this is an email address and a password
3. Choose your deposit or withdrawal amount

✔️PayPal pros

• Safe and secure
• Deposits are instantaneous
• Withdrawals normally fairly quick

❌PayPal cons

• Must have a PayPal account in order to use
• Not available with lots of our preferred bookmakers

POLi

POLi is a secure payment method which enables you to transfer funds securely directly from your bank account. Essentially, they act as a medium through which your money can travel between your bank and betting account. Though it doesn’t support withdrawals, POLi is very easy to use and requires only the following steps:

1. Login or sign up to your preferred bookmaker
2. Enter your bank details after selecting POLi as a payment method
3. This will include your BSB and account number
4. Select your deposit amount

✔️POLi pros

• Safe and Secure
• Supported by most major banks and many bookmakers
• Straightforward to use

❌POLi cons

• Not available for withdrawals
• They charge a 1% fee on transactions

BPay

BPay is a fairly common bank transferral method for many Australian businesses, though it’s not necessarily the easiest way to make a deposit to a betting site. It is very secure, but deposits will take a couple of days to arrive in your account and withdrawals aren’t supported. Nonetheless, its security makes it a somewhat popular option, and this is how you can use it:

1. Login or sign up to your preferred bookmaker
2. Select BPay as a payment method and enter the Biller Code of the bookmaker that you’re using
3. Enter your deposit amount
4. Wait for the funds to arrive in your account

✔️BPay pros

• Very secure
• There are no fees

❌BPay cons

• Not available for withdrawals
• Takes days for the deposits to arrive

Flexepin

Flexepin offers a bit of a different way of depositing into your betting account. Instead of transferring directly from your bank account, Flexepin uses vouchers which have a PIN that enables you to deposit, with those deposits then arriving instantly into your betting account. This is how you use it:

1. Purchase a Flexepin voucher at a participating store or petrol station
2. Login or sign up to your preferred bookmaker
3. Enter the PIN code on your Flexepin voucher in the payment method section

✔️Flexepin pros

• Very secure as you don’t need to enter your bank details
• Deposits are instant
• There are no fees

❌Flexepin cons

• Requires you to first purchase a voucher in order to use
• Withdrawals are not supported

Apple Pay

Apple Pay is an increasingly popular payment method which is particularly easy to use on Apple devices. It’s not available with a lot of bookmakers and doesn’t allow for withdrawals, but once set up it’s easy to use following these steps:

1. Link your credit or debit card to your Apple device to set up Apple Pay
2. Login or sign up to your preferred bookmaker
3. Select Apple Pay and enter the relevant details
4. Enter your deposit amount

✔️Apple Pay pros

• Deposits are instant
• Easy to use once it is set up
• There are no fees

❌Apple Pay cons

• You cannot withdraw using this method
• Need an Apple device like an iPhone or iPad to use
• Not particularly widely available

Paysafecard

Paysafecard is a payment method which is not dissimilar to Flexepin. Requiring you to first purchase a PIN, this is a secure method available only for deposits. This is how you do it:

1. Purchase a paysafecard PIN at a participating outlet
2. Login or sign up to your preferred bookmaker
3. Enter the PIN on the relevant section of the payment method options
4. Select your deposit amount

✔️Paysafecard pros

• You don’t have to provide your bank account details online
• Deposits are instantaneous
• No fees for the first six months after you obtain the PIN

❌Paysafecard cons

• Withdrawals are not supported
• Can only deposit a maximum of $100
• Not widely available

Skrill

Skrill is what’s known as an e-wallet which is becoming more and more available on Australian betting sites. Using it requires you to set up an account, but after that step is completed using it is fairly easy:

1. Set up your Skrill account
2. Login or sign up to your preferred bookmaker
3. Either deposit or withdraw straight from Skrill or link your debit/credit card to it
4. Choose your deposit or withdrawal amount

✔️Skrill pros

• Instant deposits
• Quick withdrawals
• Helpful customer service platform

❌Skrill cons

• There are fees to put money in your account
• Not yet overly widely available

Neteller

Like Skrill, Neteller is an e-wallet which provides an alternative way to fund your betting account. This is another safe and secure platform, and the process of using it is fairly similar to the process for using Skrill:

1. Set up your Neteller account
2. Login or sign up to your preferred bookmaker
3. Link your credit/debit card to your Neteller account or deposit direct into your betting account from it
4. Select your deposit/withdrawal amount

✔️Neteller pros

• Deposits are instantaneous
• Withdrawals are supported
• Safe and secure

❌Neteller cons

• There is a fee to deposit into your Neteller account
• Not available on many betting sites

Cash

Though you wouldn’t know it sometimes, cash is still an accepted payment method and can be used with some bookmakers to fund your account. The biggest downside is that you need to find a bookmaker with a participating outlet, but after that this is a pretty straightforward method. This is how you do it:

1. Locate a participating store
2. Hand over the cash amount which you want to be credited to your betting account
3. This monetary value will then arrive in your betting account

✔️Cash pros

• Secure as you don’t have to provide any bank details
• This is an anonymous payment method
• Easy to do once you find a participating outlet

❌Cash cons

• Takes longer than simply making transactions online
• Not available for withdrawal
• Must deposit during business hours

Cheque

Cheque is another old-fashioned way to fund your betting account. This is a lot more arduous than many of the alternatives, but if it’s the way you want to go then follow these steps:

1. Login or sign up to your preferred bookmaker
2. Head to the cheque section under payment methods, and write out a cheque using the information provided
3. Send the cheque to the bookmaker

✔️Cheque pros

• You don’t have to share your bank details
• It can help you control the amount you deposit given it is fairly arduous
• No fees

❌Cheque cons

• Takes a long time
• Won’t necessarily continue to be available with many if any betting sites

Bank Transfer

Bank transfer is a pretty common payment method used by punters, particularly for withdrawals. This option can take a little bit longer for funds to be transferred between your betting and bank account, but it does have its benefits, and this is how you use it:

1. Login or sign up to your preferred bookmaker
2. Select bank transfer as a payment method and enter your details
3. Enter your desired amount

✔️Bank transfer pros

• Safe and secure
• Transfer directly to your bank account
• Widely available

❌Bank transfer cons

• Takes a little longer to both deposit and withdraw
• There are some banks who restrict such payments

Bookmaker card

Bookmaker cards are an interesting new payment method which some bookmakers have started to use. Essentially this acts as a debit/credit card but which you use either solely or predominantly to deposit and withdraw from your betting account. This is how you use it:

1. Request a card from the bookmaker in question
2. Deposit funds from your bank account onto it
3. Deposit into your betting account from the card; often you can withdraw to the card too

✔️Bookmaker card pros

• Easy to use once set up
• Available for deposits and withdrawals
• No associated fees

❌Bookmaker card cons

• Not available with lots of bookmakers
• Money doesn’t return immediately to your bank account if withdrawn; you need to withdraw to your bookmaker card then your bank account, making it a two-step process.