Sports
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
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.
E-wallets
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
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.
Cryptocurrencies
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.
Conclusion
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!
By Adedapo Adesanya
Saudi Arabia has been confirmed as the host nation for the 2034 FIFA World Cup.
Also confirmed were the hosts for the 2030 World Cup, which was awarded to six countries and will take place across three continents to celebrate 100 years of the tournament.
Saudi Arabia was the sole bidder for the 2034 competition. Its host status was confirmed on Wednesday after an online meeting of the 211 members of the International Federation of Association Football (FIFA).
The members confirmed the unchallenged bids by acclamation – simply clapping during the virtual meeting led by FIFA president, Mr Gianni Infantino.
As well as the World Cup, Saudi Arabia is hosting football’s 2027 Asian Cup, the 2029 Asian Winter Games and the 2034 Asian Games. It also has long-term ambitions to host more major events, including the Women’s World Cup.
The 2030 tournament will be led by co-hosts Spain and Portugal in Europe, and Morocco in North Africa. Uruguay, Paraguay and Argentina will each hold an opening match to mark 100 years since the first World Cup took place in Uruguay in 1930, a tournament that the South American nation won.
The next World Cup in 2026 will be co-hosted by three proximal nations in North America— the US, Canada, and Mexico.
Saudi Arabia first published its bid for the World Cup back in August 2024 after FIFA controversially fast-tracked the process for hosting the tournaments in 2030 and 2034.
The bid for the 2034 tournament has led to criticism from activist groups, who argue that Saudi laws will not protect workers overseas.
Some of the issues echoed that of the 2022 tournament held in Qatar.
The tournament will require the construction of eight new stadiums, for a total of 15 hosting venues, plus the addition of 175,000 hotel rooms, which will rely heavily on migrant labour.
Critics of FIFA also insist a Saudi-based World Cup risks a repeat of the rights abuses seen during a decade of similar preparations for the 2022 World Cup in Qatar.
FIFA previously praised the Saudi bid in an in-house evaluation, noting that the 48-team, 104-game tournament offers “significant opportunities for positive human rights impact”.
However, it added that Saudi Arabia must invest “significant effort and time” to comply with international standards.
By Aduragbemi Omiyale
Leading sports radio station in Nigeria, Brila FM, owned by a veteran sports journalist, Mr Larry Izamoje, has suspended its operations in Abuja and Port Harcourt in Rivers State.
The broadcast stations in these two prominent cities of the country are currently not on air as a result of the directive of Mr Izamoje.
He took the action after uncovering fraudulent activities by employees of the company.
It was alleged that Brila FM’s Head of the Port Harcourt branch, Mr Sam Victor Mpong Akakan, has not been remitting funds to the company’s account.
In a statement made available to Business Post, it was stated that Mr Akakan has been arrested by the police in connection with the issue alongside the organisation’s former Chief Accountant, Mr Ekerete Sunday.
Mr Akakan was accused of opening a company, Bricast Communications, only two months after Brila FM Port Harcourt began operations with him as the Head of Station.
It was claimed that he took the first three letters of Brila and the word ‘CAST’ from ‘BroadCASTing’ to register his business name, which he allegedly used to issue invoices meant for Brila FM.
It was said that in connivance with others, Mr Akakan issued several Bricast Communications invoices with Bricast account details to several Brila FM clients instead of the company’s invoice bearing Brila Broadcasting Services Ltd for the diversion of payments for adverts and sponsored programmes aired on Brila FM stations in Abuja and Port Harcourt particularly.
He is also being investigated for forging certificates of broadcasts of Brila FM, tendering the same to clients using his Bricast invoices and getting payments into his Bricast account from such activities.
Mr Akakan was said to have presented himself on several occasions to unsuspecting clients including churches as Brila FM’s marketer and once convinced to do business on Brila FM gave them Bricast invoices for payments to his company (Bricast) repeatedly.
It was claimed that a fraud case involving over N200 million led to the temporary suspension of the Abuja and Port Harcourt branches.
By Dipo Olowookere
An analysis has shown that an Ivorian footballer, Wilfried Zaha, is the most handsome African sportsperson in 2024.
Zaha, who opted to play for Cote d’Ivoire after the Three Lions of England snubbed by him, currently plies his trade in Turkey for Galatasaray.
He moved to Turkey from England, where he played for Crystal Palace, and was one of the stars of the football outfit.
In research conducted by Bettors, Zaha topped the list as the most attractive African male athlete of 2024, closely followed by Odion Ighalo, a former Nigerian striker, and Akani Simbine, a South African sprinter.
The Most Handsome African Athletes of 2024 rankings used the golden ratio as a benchmark for facial attractiveness.
This study carefully analysed high-quality images of athletes from various sports, offering a fresh perspective on their aesthetic appeal.
The methodology involved selecting three high-quality images per athlete, sourced from official sports archives, media outlets, and verified athlete profiles, ensuring accuracy and clarity, according to the results of the research made available to Business Post.
Fourth on the list is Alex Iwobi of Nigeria, who plays for Fulham FC in England, and a Tanzanian footballer with Greece’s PAOK, Ally Samatta, is the fifth Most Handsome Athlete in Africa.
Ghana and Arsenal’s midfielder, Thomas Partey, is sixth, Senegalese Kalidou Koulibaly is seventh, Pierre-Emerick Aubameyang of Garbon is eight, Ivorian Cheick Sallah-Cisse is ninth and Senegalese Reug Reug is number 10 on the list.
-
Feature/OPED5 years agoDavos was Different this year
-
Travel/Tourism8 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz2 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking6 years agoSort Codes of GTBank Branches in Nigeria
-
Economy2 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking2 years agoFirst Bank Announces Planned Downtime
-
Sports2 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
-
Technology4 years agoHow To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN