Online casinos are popular all over the globe. Almost all countries have opened up their economies to transitioning traditional casinos to online ones. And you must have been one of those people who want to give this online hype a shot. But before registering an account, you must realize that withdrawing money is a bit more complicated in online casinos than playing in person.
Fortunately, in Australia, there are several ways how players can withdraw their winnings from online casinos. So many of these options were already familiar to you, but some are new to the industry but still working well, just like the rest. However, the more choices you have, you become confused and uncertain.
In this article, we have collected some of the common withdrawal methods in Australia so you may better understand which method suits you best and will benefit you most.
PAYPAL
This is one of the most popular payment methods in online casino australia real money. Its system is widespread for its safety, convenience, and quick transactions. To use this option, you just have to search for Paypal in the dropdown box of your online casino app when prompted to choose which payment method you would like.
Paypal has a strong reputation when it comes to its security. This platform uses the highest security measures possible by using end-to-end encryption so that its users can be complacent and that all their transactions are protected
ECOPAYZ
Aside from the safe and reliable platform, ecoPayz boasts its same-day withdrawal feature. It also offers some special features like a free ecoPayz MasterCard to promote convenience to its users further.
To use ecoPayz, you need to create a free account by downloading their app, or you can go straight to your desktop and create from there. The registration is straightforward. You only need to provide basic information like name, address, birth date, and email address and nominate a strong password. Then, you can now link your bank account and start funding it.
In withdrawing, just go to your online casino account, click the withdrawal tab, and select ecoPayz as your desired withdrawal method. Then, simply type the amount you want to withdraw. After the amount confirmation, your funds will be immediately credited to your bank account.
Regarding security, ecoPayz users can be at ease because the platform uses the latest technologies and security solutions. It ensures that all users’ transactions are regulated by the proper authorities, notwithstanding the protection of SSL or TLS website encryption for all payment transactions.
Moreover, it added another level of protection from viruses and even hackers, making the platform a good choice for online casino Australia real money players.
SKRILL
Though less popular than Paypal to Australian players, Skrill still maintains its standing of being characterized as one of the most secure payment methods in the world. It is also known for its fast transactions and the safety of your card details.
With its wide availability to almost 200 countries and the 40 currencies it supports, its ability to work with Forex and online gambling accounts is commendable.
Despite its success and share of positive remarks, Skrill has its downside, which you may want to consider in the future. There are “poor” reviews about the platform, mainly rooted in the tedious verification process and unexpected account freezes. There were also some reported cases wherein users are dissatisfied with its customer service.
If you deposit or withdraw a large sum of money, the platform tends to crash or, as mentioned above, have an unexpected account freeze. Moreover, you must undergo a thorough mandatory verification process about withdrawing and depositing large amounts of money.
NETELLER
It is an e-wallet platform that has been in the online gambling industry since the 2000s, and during that time, it has already processed almost 80% of the payments to and from different gambling merchants.
Neteller is also considered the biggest and most reputable e-wallet in the industry. Many online casino Australia real money users flock towards this payment method due to its instant deposits, withdrawals, and tight security. In over 150 countries, millions of users have taken advantage of this service for online gambling and goods and services.
If you need more reasons to choose Neteller, fast deposit and withdrawal might interest you. In this platform, deposits and withdrawals are completed almost instantly. Depending on your server’s connection, the longest waiting time to process is 2 hours. Additionally, any time you use your Neteller account to deposit or withdraw money, you will be given reward points.
Moreover, one of the main perks of using Neteller in online casinos is its added security. With its 128-bit encryption technology, users are confident that their personal information is extremely confidential and that all their transactions are immensely secured. So if you don’t wish to reflect your gambling expenses on your bank statements, you can trust Neteller with your casino transactions.
Another thing that makes Neteller great is the added benefits, exclusive promotions, and even cashback from selected online casinos. Neteller has its own VIP system with awesome perks.
VISA / MASTERCARD
What makes Visa and Mastercard a viable option is that it is widely accepted in all online casinos. Both of them are reputed to be the safest payment methods. Though debit and credit cards are famous for your depositing needs, you can now also enjoy your credit card as your withdrawal solution to your online casino needs.
Speedy transactions are also a bright side to using Visa and Mastercard. But if you wish to use your credit card to cash out your casino winnings, it usually takes 1 to 3 business days to receive your money. This is considered swift compared to other methods used in online casinos Australia real money.
On the other hand, a significant disadvantage of using a credit card as your withdrawal option is that many online casinos need to support withdrawals through credit cards. If you have selected Visa or Mastercard to deposit funds into your online casino account, you will have to choose another withdrawal method once you need to cash out your winnings.
You can enjoy fast transactions for debit cards due to no middleman involvement. Advantageously, you also have 24/7 account access via mobile apps and Internet banking. However, despite being widespread, some online casinos still need to accept this withdrawal mode. Top it up with the 3 to 5 days as withdrawal time frame. And lastly, it may also come with an added transaction fee for online casinos.
CONCLUSION
When choosing the best withdrawal method, play only with a reputable, legitimate, and trusted online casino site like Royal Reels. Choose a site with a valid license because only then will you be sure you will be rightfully guaranteed payouts.
Next is that you must know your banking methods. Different platforms have their own set of advantages and disadvantages. Hence, you get to know your chosen withdrawal method so you will know what you are dealing with.
You must also keep in mind the withdrawal requirements. The terms and conditions are not just laid on for formality. Ensure you have read and understood them, and always check for wagering requirements. Some players encountered difficulty cashing out their winnings because they did not know these wagering requirements.
Also, note the processing time for each withdrawal. Not all banking methods have the same waiting time. Some platforms offer same-day withdrawals, but some usually take 1 to 5 days before their winnings are credited to their account. If you have immediate priorities with your cash winnings, consider knowing the processing time of your banking method.
Lastly, be aware of the withdrawal fees. Most e-wallets and debit cards have set their standard withdrawal fees depending on the amount; some are per transaction regardless of the amount. You can add a certain amount to your desired withdrawal value to accommodate the withdrawal fee that comes with your preferred banking method.
To summarize, do not just play online casinos without being mindful. You will be offered a lot of withdrawal methods, and it is up to you to choose the best for you. Whether you are a high roller or just betting for fun, if you ignore your options, you might get lost and not be able to reap the fruit of your success. Have fun playing online casinos, be responsible with your choices, and you will never get bored.