Popular Payment Methods for Gambling Business


The iGaming world growth opened the doors for many online casino sites in Australia to offer players fast and secure transactions. Aussies today enjoy numerous methods, from the “old but gold” credit and debit cards to the newest ways—crypto and NFTs.

With so many options on the table, it’s important that players distinguish the good and the bad and choose a payment method that is tailored to their needs. That’s why our team created the following list of the most popular payment methods in the online gambling world today.

Credit and Debit Cards

Payment Methods for Gambling Business

The most popular payment methods for online gambling today are credit and debit cards. They allow deposits and withdrawals and generally take 3–5 days to bring the funds to your bank account. Such a long waiting period exists because banks check all transactions with their fraud protection policies.

Since its first use in casinos, this method has improved a lot—security-wise. Namely, a credit or debit card can be stolen or used for fraudulent activities, so many banks have set different security measures types. For example, try to limit how much you spend in a day or block a card the second you notice suspicious activities.

Moreover, almost every person has a credit/debit card. In fact, the number of Visa cards issued internationally increased by 25% in 2022. Aside from Visa, other popular credit or debit cards available at the best online casino Australia include:

  • Visa Electron
  • Mastercard
  • Maestro.


Payment Methods for Gambling Business

E-wallets or digital wallets are electronic cards that are used to make transactions online. They have an app that you use on the phone or computer to make quick payments anywhere without the need to take your card. Of course, an e-wallet needs to be linked to a bank account, so you withdraw money.

E-wallets are now among the most popular methods in the online gambling world in Australia. Most casinos accept at least one digital wallet for transactions. Just like credit/debit cards, electronic wallets permit making deposits and withdrawals. The main difference is that these are much faster than credit/debit cards.

Namely, e-wallets take around 24 hours for withdrawals and offer instant deposits. The absence of waiting periods attracts numerous users, as they usually look for the fastest payout casino in Australia for their gambling purposes, Some online casino operators may even offer special promotions for Kiwis linked to using an e-wallet. Of course, they are also highly secure. Most e-wallets utilize encryption methods like 2FA.

The most common e-wallet options in many online casinos today are the following:

  • Neteller
  • Skrill
  • EcoPayz
  • PayPal.

Bank Transfers

Payment Methods for Gambling Business

The oldest and still popular payment method on online gambling platforms is a bank transfer. As the name suggests, with it, you exchange your bank account information with the casino’s bank account and make direct payments and withdrawals through it.

Bank transfers have a high-security level. However, they are not the fastest method when it comes to payments. Considering that it may take up to a week for the bank to process a request, any online casino with fast payouts will most likely avoid it and turn to quicker options like e-wallets or crypto.

Some banks that allow online gambling in Australia include:

  • Bank Australia
  • Bank of Queensland
  • Citibank Australia.


With the rise of blockchain, online casinos started merging the world with their own. Today, if you want to play at the online casino, check if it has crypto deposits and withdrawals. Having quick and easy cashouts is of utmost importance for many players seeing that they are able to enjoy their winnings right away without going over complex checks.

Cryptocurrency is built on anonymity (pseudonymous, to be precise), which is the main reason why it quickly became one of the most popular payment methods used in online gambling. Players not only get instant deposits and withdrawals, but there is a big emphasis on security, too. Moreover, crypto rarely imposes any fees on transactions—if any, they are much lower than other methods.

However, the main con of such a digital asset is volatility. Seeing that crypto is part of the digital world, and it’s rarely tied to any real-life asset, it fluctuates by a lot, meaning that you either get the money’s worth or completely lose everything you’ve invested. Hence, you lose all gambling funds. Plus, a cryptocurrency legal framework is still being created in many countries (and an international one). So, outside security, in case of theft or misuse of the coins, is not promised.

Nonetheless, this method is applied to plenty of new and old gambling sites. The best fast-payout online casino is sure to have the following cryptos:

  • Bitcoin
  • Ethereum
  • DodgeCoin
  • Tether
  • Litecoin.

Prepaid Cards

A fairly new casino payment method is prepaid cards. It’s not as popular as the rest on the list, but there are plenty of gambling platforms that accept it. Usually, Paysafecard is the go-to banking option when it comes to prepaid cards.

Players have the chance to try top-rated Australian Paysafe casinos today, where each brand has been tested by aussiebestcasinos.com to ensure safety and entertainment. These Paysafecard casino sites use prepaid cards to offer players control over their gambling. Namely, one of the most important pros of Paysafe casinos is the fact that to deposit you need to add cash to your card at the nearest top-up station.

But note that prepaid cards don’t permit withdrawals. That may frustrate players, as you need to choose a second method specifically for cashouts.

Aside from Paysafecard, the top Paysafecard casino also includes prepaid cards such as:

  • iDebit
  • Click2Pay.

Mobile Payments

Unsurprisingly, iGaming mobile payments are a growing trend. Now, AU players are able to use their phones as one of the available payment methods in the online casino of their choice. It ups the convenience level, as you don’t have to bother with cards or bank accounts—all you need is a phone.

The difference from e-wallets is that mobile payments are tied to your phone. They are connected to your bank account, which means you have a safety net of security. Moreover, this banking method uses 2FA, fingerprint authentication, and other security encryption measures.

Some famous payment options include:

  • Apple Pay
  • Google Pay
  • Pay by Phone.


The iGaming market is skyrocketing—it reached $63.53 billion in 2022 and is expected to rise 11.7% by 2030. As you can see, there is a wide range of payment methods in online casinos available to Aussie players. Some provide a higher security level, while others accentuate fast withdrawals.

Online casino operators will always offer you a plethora of options—it’s up to you to choose which one suits your needs the best!

Related Stories

Participants to Enjoy Free HIV Screening at Access Bank Lagos City Marathon

By Modupe Gbadeyanka To deepen HIV/AIDS awareness, Access Holdings Plc, the headline sponsor of the Access Bank Lagos City Marathon, has partnered with the HACEY Health Initiative and the Nigeria Business Coalition Against AIDS (NiBUCAA). On Saturday, February 10, 2024, several athletes will gather for the yearly marathon in Lagos. The iconic event, designed to celebrate athleticism and community engagement, has put Lagos on the world map. Regarded as the world’s fastest-growing road race, the marathon has become one of the continent’s biggest platforms for cultural exchange, contributing significantly to tourism and as a result, boosting the continent’s economy. This


Super Eagles Cruise to AFCON 2023 Final After South Africa Scare

By Dipo Olowookere The Super Eagles of Nigeria on Wednesday defeated South Africa in the ongoing 2023 African Cup of Nations (AFCON) in Cote d’Ivoire. The three-time winner of the tournament qualified for the final of the competition after a penalty shootout after a 1-1 draw over 120 minutes at the Stade de la Paix in Bouaké. Nigeria went ahead from a spot pick 22 minutes into the second half of the match through the captain of the team, Troost-Ekong. However, parity was restored in the 90th minute also from the spot through Mokoena, who sent the Super Eagles’ shot-stopper,


10 Top Real Money Online Casino Singapore Sites for 2024

Find out about the 10 coolest online gambling sites in Singapore for 2024! Play awesome SG online games, grab great bonuses, and have a chance to win big! Why miss out on casinos when everything else is online? With cool features like free credits in Singapore casinos and fast online payment options, these Singapore gambling sites are perfect for betting with real money. These sites mix old-school games like slots and table games with new stuff like specialty games, 4D lottery, and sports betting. The Singapore online casinos work hard to keep your info safe. They use strong security to

More Stories

NECA DG Timothy Olawale Dies in Abuja

By Dipo Olowookere News just reaching Business Post indicates that the energetic Director-General of the Nigerian Employers Consultative Association (NECA), Mr Timothy Olawale, has died. Mr Olawale was said to have breadth his last after he slumped during a meeting he attended in Abuja on Friday. The news of his demise has left his wife devastated, an informant informed this newspaper, adding that the woman has left Lagos to Abuja already. Mr Olawale, after acting as the DG of the organisation for six months, was appointed as the substantive leader of NECA in January 2019. It was said that he


FCMB Appoints Olufemi Badeji Executive Director

Dipo Olowookere Mr Olufemi Badeji has been appointed as an Executive Director in charge of Corporate and Investment Banking at First City Monument Bank (FCMB) Plc. His appointment, which took effect on Wednesday, October 2, 2019, was announced by the banking group on Monday after an approval from the Central Bank of Nigeria (CBN), the industry watchdog. In a statement yesterday, the lender said Mr Badeji is joining the FCMB Group Plc Board to create a positive impact with his varied experience in investment banking. The new appointee holds a BSc. degree in Electrical Engineering, with a minor in Mathematics,


Lagos Fishermen Beg FG for Support

By Dipo Olowookere Fishermen in Lagos have appealed to the Federal Government to provide basic amenities that will improve their fishing occupation. They said the lack of these amenities have made their profession very frustrating, submitting that the fishing industry was capable of lifting the country out of recession. The fishermen, under the aegis of Lagos State Fishermen Cooperative Association in Ikorodu, pointed out that the provision of these amenities will also encourage youths to key into the economic diversification campaign of the FG using agriculture. The group, while swearing-in its newly elected executive body, said it was ready to


Finance Ministry Approves Life Ban on Stockbroker by SEC

By Modupe Gbadeyanka The life ban place on the Managing Director of Partnership Investments Limited, Mr Victor Ogiemwonyi, by the Securities and Exchange Commission (SEC) has been approved by the Federal Ministry of Finance. Anchor of Channels Television’s Business Morning, Mr Boason Omofaye, broke the news on Tuesday on Twitter via his account on the popular social media platform. Mr Ogiemwonyi was alleged to have fraudulently sold shares belonging to his clients and misappropriated the proceeds. His victims were Chairman of Standard Shareholders Association of Nigeria, Mr Godwin Anono; and former Managing Director of Ecobank Transnational Incorporated (ETI), Mr Arnold


Panic Persists Over BDCs Raid By DSS

By Modupe Gbadeyanka There is apprehension in the atmosphere following a crackdown on Bureau De Change (BDCs) operators in the country by the Department of State Security (DSS). This has consequently caused fears among BDC operators at the black market and has led to hoarding of the Dollar. DSS pretend to be customers and when they discover that an operator trades the Dollar above the approved N393/$, they pick him up. According to Saturday Sun, the Dollar has crashed to N393 from N465 four days ago at the parallel market. The paper reports that when it got to the BDC


Court Orders Sale of Company’s Assets to Repay Unity Bank Loan

By Aduragbemi Omiyale After a long battle in the court, Unity Bank Plc can now heave a sigh of relief as its hope of getting the N150 million loan it granted a late businessman, Mr Adekunle Adedeji, who owned Decrest Ayaduk Haulage, is brighter. This is because Justice Mojisola Dada of the Special Offences Court, sitting in Ikeja, Lagos, has ordered the company’s assets sold to repay the Unity Bank loan. Delivering the judgement on Thursday, December 15, 2022, the judge also directed that Decrest Ayaduk Haulage be wound up over the N150 million fraud. Business Post gathered that in


WHO, Edo Intensify Response to Combat Monkeypox

By Adedapo Adesanya The World Health Organisation (WHO) and the Edo State government have intensified a coordinated response to contain the spread of the Monkeypox disease. So far, Nigeria has reported 357 suspected cases with 133 confirmed monkeypox cases from 25 states – Lagos, Adamawa, Delta, Rivers, Edo, Bayelsa, Nasarawa Plateau FCT, Ondo, Anambra Cross River, Kwara, Borno, Taraba, Oyo, Imo, Kano, Katsina, Gombe, Niger Ogun, Kogi, Bauchi, Akwa Ibom and Abia. Meanwhile, eight persons have so far tested positive for monkeypox in Edo state, and all the people diagnosed with the disease have recovered. The Director, Public Health, Edo


Stanbic IBTC Commits N250m to Nigeria’s COVID-19 Fight

By Adedapo Adesanya To support efforts by various persons and organisations in tackling the COVID-19 pandemic, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has donated the sum of N250 million to the Nigerian Private Sector Coalition Against COVID-19, formed recently to combat the virus. The foremost financial service institution, with its contribution, joins other corporate organisations to offer support to the Federal Government of Nigeria in its effort against the outbreak of the coronavirus in Nigeria. The Nigerian private sector in a collaborative effort with the Central Bank of Nigeria (CBN) formed this alliance to combat the

Recent Stories

Newly-Listed Transcorp Power Targets N500bn Revenue by 2031

By Adedapo Adesanya The latest company to join the Nigerian Exchange (NGX) Limited, Transcorp Power Plc, has announced a revenue target of N500 billion by 2031, tapping opportunities in the capital market and sustainable energy. This was disclosed by the Managing Director of the firm, Mr Peter Ikenga, during the Facts Behind the Listing held at bourse on Monday. The firm, owned by businessman and Chairman of UBA Plc, Mr Tony Elumelu, listed its stocks on the Main Board of the nation’s flagship exchange by introduction. It listed 7,500,000,000 ordinary shares of 50 Kobo each at N240.00 per share. Speaking


DisCos Must Promptly Respond to Customers’ Complaints—FCCPC

By Aduragbemi Omiyale Electricity distribution companies (DisCos) in the country have been charged to respond to customers’ complaints quickly for better service delivery. This task was given to the energy firms by the Federal Competition and Consumer Protection Commission (FCCPC), which said the companies must design a quick response mechanism to address issues from their customers. Speaking last Saturday at a four-day one-stop-shop for addressing billing, metering, transformer, connection, disconnection, customer service and other electricity consumer issues in Ikeja Electric coverage areas, the acting executive chairman of FCCPC, Mr Adamu Abdullahi, said the highest number of complaints received by the


Omokungbe Wants Implementation of Initiatives on Women’s Entrepreneurship

By Aduragbemi Omiyale A former Rector of Yaba College of Technology (YabaTech), Lagos, Mr Obafemi Omokungbe, has called for the implementation of programmes and initiatives designed to promote women’s entrepreneurship in Africa. Speaking at the just-concluded 10th anniversary of the African Women Foundation for Nation Building (WINBAFRICA) in Lagos, Mr Omokungbe, a fellow of the Nigerian Society of Engineers (NSE), also appealed to African countries to renew their commitment to women’s empowerment, saying it is a crucial step towards nation-building. According to him, the journey toward women’s empowerment in Africa involves a comprehensive approach that spans various sectors, including education,


NGX Group Declares 75 Kobo Final Dividend Amid 57.4% Surge in FY’23 Earnings

By Aduragbemi Omiyale A final dividend of N1.5 billion, amounting to 75 Kobo per share has been declared by the board of the Nigerian Exchange (NGX) Group Plc for the 2023 financial year. This brings to N1 the total dividend to be paid by the company after paying 25 Kobo (N495.5 million) as interim dividend at mid-year. In its audited financial statements for the year ended December 31, 2023, the NGX Group said its gross earnings increased by 57.4 per cent to N11.8 billion in FY 2023 from N7.5 billion in FY 2022 because its performances in core revenue and


Red Line Rail: Labour Party Demands Value for Money

By Aduragbemi Omiyale The Lagos State chapter of the Labour Party has tasked Governor Babajide Sanwo-Olu to ensure the recently commissioned Red Line Rail does not turn out to be another failure due to poor maintenance culture. In a statement by its Publicity Secretary, Mrs Olubunmi Odesanya, the opposition party appealed to the state government to ensure its sustainability. While greeting residents of the metropolis on the project, which was commissioned last Thursday by President Bola Tinubu, the Labour Party faulted the timing of its completion, saying the ruling All Progressives Congress (APC) ought to have put the initiative in


Access Bank to Give 700,000 MSMEs Access to N50bn Via YouThrive

By Modupe Gbadeyanka An initiative known as YouThrive designed to give entrepreneurs in the micro, small and medium enterprises (MSMEs) access to a N50 billion credit facility has been introduced by Access Bank Plc. The lender disclosed at a media briefing in Lagos that about 700,000 MSMEs would benefit from this programme, which is open to business owners between the ages of 21 and 40 years. YouThrive is a transformative initiative designed by Access Bank to empower, uplift, and accelerate the next generation of MSMEs. According to the Deputy Managing Director of Access Bank, Mr Victor Etuokwu, who addressed journalists


Peter Obi Laments Nigeria’s Dependence on War-Torn Ukraine for Food

By Adedapo Adesanya The presidential candidate of the Labour Party in the 2023 polls, Mr Peter Obi, has lamented Nigeria’s dependence on Ukraine, a country ravaged by war, for food aid. Mr Obi, in a statement on Monday, expressed dissatisfaction at the current economic realities and recounted times when the Nigerian economy was faring better than that of Ukraine in 2015. “Ukraine cultivates over 60 per cent of its arable land, whereas Nigeria has over 60 per cent uncultivated arable land. “Despite the conflict, Ukraine feeds itself, and exports agricultural products worth over $25 billion which is about the same


AfDb Injects $134m Into Rice, Maize, Cassava, Soybean Production in Nigeria

By Adedapo Adesanya The African Development Bank (AfDB) is supporting Nigeria in the cultivation of rice, maize, cassava and soybean to boost food production with the provision of $134 million to achieve this. The president of the multilateral lender, Mr Akinwunmi Adesina, said on Saturday after visiting the Centre for Dryland Agriculture (CDA) at Bayero University, Kano, that the bank would support Nigeria to cultivate 300,000 hectares each of rice and maize, 150,000 hectares of cassava and 50,000 hectares of soybeans during the 2024 planting season. The CDA is a World Bank-supported centre established to serve as a regional training


Salesforce Unveils Conversational AI Assistant Einstein Copilot

By Modupe Gbadeyanka A new customisable, conversational, and generative AI assistant for CRM, Einstein Copilot, has been launched by Salesforce. The system was unveiled at the Mobile World Congress in Barcelona, Spain, and it will use adequate company data to generate useful responses. The Einstein Copilot enables Salesforce customers to generate responses using their private and trusted data, while maintaining strict data governance and without requiring expensive AI model training. As a result, Einstein Copilot can answer questions, summarise content, create new content, interpret complex conversations, and dynamically automate tasks on behalf of a user, all from a single, consistent


King Charles Knights Airtel Africa Founder Sunil Bharti Mittal

By Modupe Gbadeyanka The founder and chairman of Airtel Africa Plc, Mr Sunil Bharti Mittal, has been knighted by King Charles III in recognition of his contribution towards promoting India-United Kingdom (UK) business relations. The businessman was awarded Honorary Knighthood, the Knight Commander of the Most Excellent Order of the British Empire (KBE), for contributions towards advancing India-UK business relations, including his instrumental role in the listing of Airtel Africa on the London Stock Exchange in 2019, where it is a constituent of the FTSE100 Index. He also led the revival of OneWeb (now Eutelsat), leading a consortium with the