Bookmaker payment methods

With most bookies this method is transaction free, however some banking institutions may apply a small cash advance fee. The process of depositing funds via this method is fairly straightforward, simply head to the banking sections of your chosen bookie, enter your credit card details and your chosen deposit amount and confirm the payment.

You can withdraw funds from your betting account directly into your credit card with most bookmakers who generally save your card information so you will not have to enter it time and time again. However, most bookies do not allow withdrawals to a debit card and will instead transfer the funds to the bank account linked to your card.

Bookies accepting bank transfers: This is a method of choice for many punters who do not have a credit or a debit card. It is a way which gives punters a greater sense of security, with money sent directly from your bank account to your online betting account through your bank’s website.

Online bettors simply fill out a new transfer using the account information of their chosen online bookmaker and process it like any normal internet banking transaction.

While it does have its perks such as being ideal for transferring large sums of cash, the downfall is that it can take between two and 10 days for the funds to arrive in your online betting account (although it is generally the next business day).

When it comes to withdrawing funds using a bank transfer it is very simply, all you have to do is enter the nominated bank account details you would like the money transferred into, with the transaction normally processed the next business day before appearing in your bank account.

One important detail to note with this method is that the name on your bank account must match the name of your online betting account, otherwise the transfer will not be completed.

Bookies accepting PayPal:

PayPal is a free service, that is one of the most popular deposit options at Australians bookmakers, which enables bettors to transfer funds in a safe manner. To use PayPal you must first head to their website and set up an account which will then be linked directly to your bank account and/or credit card.

You can then deposit funds into your online betting account by selecting this method within the banking section of your chosen bookie’s website, entering your PayPal details and the amount you wish to transfer.

Important to note is that your PayPal account does not need to have funds in it prior to depositing cash into your betting account because it is already linked to your bank account.

You can also withdraw cash from your betting account using PayPal, with it usually taking one business day before the funds appear in your PayPal account. A con of using this method is that PayPal does enforce a small fee when withdrawing money, however many punters are willing to accept this for the added security on offer, with PayPal providing industry-leading fraud protection.

Paypal is definitely one of our no.1 payment options at Australian betting sites.

Bookies accepting POLi: Short for Pay OnLine, POLi is a free service available to Australian and New Zealand bettors which is owned by Australian Post. It is a method of instant bank transfer which is able to deposit funds into your online betting account instantaneously, allowing you to start punting straight away.

Conveniently, you do not have to have an account with POLi in order to use this service, while you can also process payments from your PC, mobile phone or tablet free from credit card charges or booking fees.

To facilitate a POLi betting transfer all you need to do is visit the banking section of a bookmaker that has this payment method. When you select POLi you will then be prompted through logging into your bank account, via the POLi dashboard. Sounds insecure, but it is not with SSL encryption keeping you safe.

Unfortunately, POLi is not a supported method of withdrawal by our online bookmakers, meaning you will have to find another way to get your cash out.

POLi is clearly an outstanding online betting deposit option, with low fees and instant transfers the drawcard for Aussie punters.

Pre-paid vouchers and credit cards: If none of the above methods suit your needs and you are searching for a method which is safe and secure then you can consider using a pre-paid service such as:

Entropay: A virtual pre-paid Visa card which can be funded in a variety of ways such as via bank transfer, credit/debit card or at many local service stations or retail providers. Deposits are instant and free, just like a normal credit card transaction, however most bookies do not support this method when withdrawing funds.

Apple Pay is now available at many of the best Australian bookmakers as a payment method. Apple Pay betting sites are free to join and allow you to fund your gambling account instantly. Like many bookmaker payment options, Apple Pay also allows you to withdraw funds from your account.

Google Pay is a great way to fund your online betting account, with this commonly found at betting sites in Australia. Payment options like Google Pay at betting sites are becoming more common, with more people adapting to digital. Google Pay essentially allows you to store your Visa or Mastercard digitally, while also acting as a Paypal-style wallet. You can learn more about Google Pay betting sites in our extensive guide.