IF you are looking to bet on horses but don’t know how to deposit to your online betting account, you are in the right place. This article will run you through the common ways Australians fund their horse betting accounts in 2019. The banking methods available at horse racing betting sites vary from site to site, but as a general rule you will be able to deposit with things like credit and debit cards and web wallets. The following online horse betting sites all have multiple deposit options available to Australians, you can read the review links to find out about the deposit methods available at each.
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AU Horse betting deposit methods
With the online betting world booming, bookmakers have ensured that there is a safe and efficient way for everybody to place a bet. The deposit and withdrawal methods on offer through our recommended bookies are all secure, ensuring your cash and financial details are protected at all times. Some of the common ways of depositing and withdrawing money to and from your online betting accounts are as follows:
This method is probably the most common, giving punters the ability to deposit funds straight away by using their credit card in the same way as they would normally use it to make an online purchase.
Bank transfers enable your money to go directly from your bank account into your betting account, however it can take around three business days to be processed. This is the most common withdrawal method, allowing punters to take out large amounts of winnings at the one time.
Companies such as Paypal, Skrill and Neteller are popular e-Wallets for online punters, giving them the opportunity to deposit funds into their e-Wallet account which is then transferred into your betting account. For those who are hesitant about handing over their personal information, this method ensures that the bookies never have access to your banking details
POLi, short for Pay OnLine is another secure method for punters from Australia and New Zealand, using a real time debit system to transfer money into your betting account instantaneously. POLi is a confidential service, operating from within your financial institution’s website, ensuring your baking details are not shared with the online bookmakers or POLi itself.
Pre-paid vouchers and credit cards:
Brands such as Ukash and Entropay offer a pre-paid service, enabling punters to purchase vouchers and/or credit cards which can then be used to fund your online betting account.
Commonly asked deposit options questions
How much can I deposit when betting on racing?
This will depend on the website you are betting with and other factors such as, do you have a self-imposed restriction placed on your account? What method are using to deposit? What racing code are you betting on and much more. As a general rule you will be able to deposit up to the daily limit your bank applies to your account’s usage. For instance this author is allowed to spend up to $2000 daily without approval. Web wallets such as Paypal and Neteller can often have deposit limits of up to $5,000.
Is POLi safe for horse betting deposits?
POLi is one of Australia’s most trusted horse betting payment processors, with it used daily in many industries down under. Basically it allows you to login to your online banking and deposit money instantly to your betting account. Owned by Australian Post, POLi is a great option, with low fees to fund your horse betting accounts.