Millions of Australians use credit cards to make real money payments online. They are accepted just about everywhere on the World Wide Web, but does that include online bookmakers? Let’s find out.
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Which online bookmakers accept credit card?
If an online bookie does not support credit card payments, then it is no kind of bookie at all. Every major betting operator on the planet accepts credit card deposits, including each of our approved wagering operators.
Sportsbet – Australia’s favourite online sports bookie supports a number of convenient payment options, including Visa and MasterCard deposits.
BetEasy – Owned and operated in Australia, BetEasy.com.au is the official AFL wagering partner and offers credit card betting on a huge range of sports and horse racing markets.
Ladbrokes – The United Kingdom’s oldest betting firm runs a top-notch shop for Australian punters, offering dozens of weekly specials for AFL, NRL, A-League, European football and US sports.
Bet365 – If you like football betting, Bet365 has you covered with thousands of daily soccer markets, big multi specials and live streaming from many of the world’s top leagues.
Is credit card betting legal?
The introduction of the Interactive Gambling Act 2001 caused confusion aplenty in the Australian gaming and wagering world, much of which remains unresolved to this day. But where do credit card gambling payments fall in the grand scheme of things?
Banks and politicians alike have floated the idea of banning the use of credit cards for online gambling. The primary reason for this, however, was to prevent punters from making deposits at offshore casino sites, rather than limiting access to Australian bookmakers. It soon became apparent that such a law would be extremely difficult to implement and regulate, so it has never come to fruition.
Since 2016, the IGA has undergone some significant alterations designed to tackle various developments in online betting since the turn of the millennium. One such change was a ban on bookmakers extending lines of credit to their customers.
We must stress that credit betting and credit card payments are completely different things. When a bookie extends a line of credit to a customer, it is effectively an ‘IOU’ to be paid out of the punter’s winnings. With credit card deposits, there is no such agreement between bookie and bettor – all money in a punter’s account is paid for with a line of credit extended by a bank or card operator.
As such, the ban on credit bets has absolutely no effect on whether or not you can pay for online wagers via credit card. It remains 100 per cent legal for punters to make card deposits, and for bookmakers to accept them.
Credit cards accepted at online bookies
The following credit card brands are supported at most online betting firms:
Visa – Accepted in over 200 countries worldwide and a mainstay at internet betting operators, Visa is the world’s number one credit card provider.
MasterCard – Wherever Visa betting is available, you will also find MasterCard. Every top Australian bookie accepts MasterCard credit and debit deposits.
Entropay – This virtual prepaid credit card allows you to make easy, fast and secure online payments at any bookie site that accepts Visa.
If you do not have a credit card, AU bookmakers also accept Visa Debit, Maestro and many other types of debit card. Unfortunately, as is the case with most Australian retailers, very few bookies accept American Express.
How to make online betting deposits with credit card
Adding funds to your betting account with Visa or MasterCard is a quick and painless process. Once you have signed up and logged in at a trusted bookie – such as Sportsbet, for instance – all you have to do is:
- Hit the ‘Deposit’ link to visit the online cashier
- Select ‘Debit/Credit Card’ as your preferred payment method
- Enter your card number, security details and the amount you wish to deposit
- Hit the ‘Deposit’ button to confirm
The transaction will take only moments to complete, at which point the funds will appear in your account and you can start punting right away.
Credit card withdrawals at bookmakers
Along with putting money in your account, credit cards can often be used to cash-out your winnings as well. This can take a little longer than deposits – sometimes up to five business days – due to processing times and the various security measures bookies use to protect against money laundering and financial fraud.
To ensure things run as smoothly as possible, make sure to verify your account ASAP once you sign up with a bookmaker. Australian gambling law now requires betting operators to verify a customer’s identity within 90 days of joining, and bookies will not approve cash-out requests until all relevant ID checks are satisfied. The sooner you get that done, the less hassle you will have down the line.