Betting Payment Methods in Australia

One of the first things that you’ll do at a betting site is add money, so it’s pretty important to chat about betting payment methods. In this guide about payment methods betting sites, I’m going into full detail about all the different types of payment options at Aussie betting sites.

Best Payment Method Betting Sites

Our Top Bookmakers Betting Payment Methods

In this section, I’ve gone through each payment methods betting sites and listed what payment options they currently offer to their customers on betting apps and desktop website versions.

SitePayment Methods
PlayUpDebit Card, Cash in-store, PayID, BPay, Bank Transfer
BetfocusDebit Card, PayID, Bank Transfer
QuestBetDebit Card, Bank Transfer
UnibetDebit Card, PayPal, PayID, Bank Transfer
BetRoyaleDebit Card, Bank Transfer
ColossalbetDebit Card, PayID, Cash-In, Bank Transfer, BPay
BoombetDebit Card, PayID, BPay, Bank Transfer
ChasebetDebit Card, Bank Transfer
DabbleDebit Card, Apple Pay, PayPal, PayID, Bank Transfer
OldGillDebit Card, Bank Transfer
BetrDebit Card, PayID, PayPal, BPAY, Google Pay, Apple Pay, Bank Transfer
EliteBetDebit Card, PayID, Bank Transfer
PuntGenieDebit Card, Bank Transfer
VolcanobetDebit Card, Bank Transfer
BetGalaxyDebit Card, Bank Transfer
VicbetDebit Card, Bank Transfer
WellbetDebit Card, Bank Transfer
TopSportDebit Card, PayID, BPay, Bank Transfer
BetProfessorDebit Card, Bank Transfer
Bet365Debit Card, Apple Pay, PayID, PayPal, Bet365 Mastercard, Google Pay, Bank Transfer
GoldenRushDebit Card, Bank Transfer
JuicyBetDebit Card, Bank Transfer
PuntNowDebit Card, PayID, Bank Transfer
Bet Right Debit Card, PayID, Bank Transfer, Apple Pay, Google Pay
JungleBetDebit Card, Bank Transfer
PuntCityDebit Card, Bank Transfer
PicklebetDebit Card, PayID, Bank Transfer 
SterlingParkerDebit Card, Bank Transfer
PalmerbetDebit Card, PayPal, PayID, BPay, Bank Transfer
WinnersbetDebit Card, PayID, Bank Transfer
MidasbetDebit Card, PayID, Bank Transfer

Betting Payment Options

Alright, so we went into all the payment options that are available at sites around Australia. Now, let’s discuss them in a bit more detail. I’ll go through betting payment options and discuss how deposits and withdrawals work as well as any pros / cons in my experience.

PayPal Betting

Over the course of the past couple of years or so PayPal has as a matter of fact, rather established itself as one of the most preferred and accepted means of payment for a number of different sectors, mainly including online betting. Famous for its high speed, high security and absolute convenience, PayPal betting sites Australia must provide punters with a convenient way to deposit and withdraw. Now let’s take a look at the way you can use PayPal for betting, specifically regarding adding funds (deposits) and withdrawing cash (withdrawals), as well as the advantages and disadvantages of this method. 

Deposits with PayPal

Putting funds into your betting account with PayPal is quick and easy-peasy, making it a go-to option for many punters. Here's how you can make a deposit using PayPal:

  • Log into your betting account and head over to the payments or banking section.
  • Select PayPal as your chosen payment method.
  • Enter the amount you want to deposit.
  • You’ll be redirected to the PayPal login page where you need to sign in and confirm the payment.
  • Once confirmed, boom - the funds are instantly transferred to your betting account so you can start placing bets right away.

One of the best things about using PayPal for deposits is that it's super fast. Since transactions happen immediately, there's no waiting around for your cash to show up in your account. Plus, PayPal acts like a middleman between your bank or credit card and the betting site (which means) your personal financial details stay private.

Withdrawals with PayPal

PayPal isn’t just awesome for making deposits - it’s also one of the quickest ways to get your winnings out from a betting account, such as after a massive Melbourne Cup win. Many sites that accept PayPal for deposits also let you use it as a withdrawal option. Here’s how you withdraw funds using PayPal:

  • Log into your betting account and go straight to the withdrawal section.
  • Select PayPal as your withdrawal method.
  • Enter how much you want to withdraw.
  • Confirm everything, then sit back as funds are transferred over to your PayPal account within hours or at most a few business days depending on which site you're using.
  • Once those funds hit your PayPal account, you can either leave them there for other purchases or transfer them over to your bank - which usually takes 1-2 business days tops. The whole process is not only speedy but also secure which makes it perfect if you're looking to access winnings without any long waits.

Pros of Using PayPal for Betting

  • Fast Transactions: Another very strong selling point that can be associated with the use of Paypal is how quickly things go. Funds deposit incurs no fees and is done immediately, while withdrawals are (usually) faster than that of bank transfers - good for the user who needs that sort of access.
  • Security: Another big plus? The several features that make Paypal usage very secure! The banking details are not provided to sites reducing chances of frauds or identity thefts; in addition, they practice encryption along with accounts monitoring thus keeping accounts secure from unauthorised access.

Cons of Using Paypal For Betting

  • Transaction Fees: Even Paypal itself do not charge much fees in general when it comes to deposit/withdrawal sometimes the specific bookmaker themselves may add their own transaction fees. But I’ve noticed that is pretty rare.
  • Limited Acceptance: Not every bookie has PayPal so that’s something to consider.

Bank Transfer Betting

Bank transfers have always been very popular as part of payment solutions online, especially for betting. This payment method has not lost its relevance even as such options like e-wallets, mobile payments and others are already available online. In the section below, you will read more about the use of bank transfers for deposits and withdrawals in the frame of online betting, along with the advantages and disadvantages of this payment method.

Deposits with Bank Transfers

Depositing funds into your betting account via bank transfer is straightforward but can take longer compared to other methods. Here's how the process typically works:

  • Log into your betting account and go to the payment section.
  • Select bank transfer as your payment method.
  • The betting site will provide you with their banking details, such as the bank account number, name and reference code.
  • You’ll need to initiate the bank transfer from your personal bank account, either online, at an ATM, or in person at your bank.
  • Enter the betting site's banking information and the amount you want to transfer.
  • Once the transfer is complete, it may take 1-5 business days for the funds to show up in your betting account, depending on your bank and the betting site’s processing times.

Withdrawals with Bank Transfers

Bank transfers are one of the most common methods for withdrawing winnings from a betting account. Unlike deposits, withdrawals via bank transfer tend to be more widely accepted. Here’s how to withdraw your winnings using a bank transfer:

  • Go to the withdrawal section of your betting account.
  • Select bank transfer as your withdrawal method.
  • Enter your bank account details (including) your account number (bank name) and any other required information.
  • Specify (the amount) you want to withdraw (and confirm) transaction details before finalising it all up.
  • Withdrawals typically take 2-7 business days which really depends on both sides – meaning both parties involved; i.e., between respective banks handling these transactions plus specific gambling sites’ policies too!

Pros Of Using Bank Transfers For Betting 

  • High Security Level: So as it stands now in basic terms, Bank transfer could possibly one of the safest methods of depositing and withdrawing money from different online gambling sites since operations are performed directly with one’s own bank(s). These transactions are closely monitored and through encryption; the likelihood of fraud, activities or data breaches happening in the way! 
  • Widely Accepted: You’ll find that pretty much every site in Australia has a bank transfer option for withdrawals and most of them offer it for deposits too.

Cons Of Using Bank Transfers For Betting 

  • Slow Processing Times: Although the most significant disadvantage linked with the use of this method is that it can take a long time to take a while whether we looking at the first deposit stage or right down to the actual withdrawal completion point too! It normally varies between 1-5 business days.
  • Inconvenient for Small Transactions: I think it’s a bit of a hassle when you only want to transfer a little bit of money, since it takes a long time compared to other methods like debit cards.

Apple Pay Betting

Betting sites with Apple Pay are another excellent option for deposits since it is user-friendly, safe and secure and reputable for protecting the users’ data. In this guide, you can learn how does Apple Pay work in terms of deposits, the issues concerning the withdrawals and the advantages and disadvantages of using betting sites Apple Pay when you are making a bet. 

Deposits with Apple Pay 

It must be said that it is relatively easy to fund your betting account via Apple Pay Deposit. I am sure you are familiar with the story; Apple Pay goes hand in hand with your debit card and you merely need to tap the iPhone, iPad or even the Apple Watch to get the deal done. Here’s how you can use Apple Pay to get those betting deposits done:

  • Go to the site and log in your betting account then navigate to the payments or banking area. 
  • Choose Apple Pay as your payment option. 
  • Type in the number which represents the amount you wish to deposit. 
  • For the purposes of confirmation of the transaction, grant Face ID, Touch ID (or just enter the password) of the device.

Withdrawals with Apple Pay 

The only fly in the ointment as far as using Apple Pay to fund online betting accounts is concerned is that not many sites have gone live with the withdrawal option using Apple Pay. 

Advantages Of Using Apple Pay In Betting 

  • Fast Easy Use: One major advantage of using Apple Pay betting is unquestionably convenience. Since you only need a couple of taps of face id or touch id and boom, the deposit is created making it possible to begin betting immediately. 
  • Highly Secure: Security encryption tokenisation is used to protect financial info. Plus, card details are never shared and that lowers the risk of fraud and unauthorized access to bank accounts.

Disadvantages of Using Apple Pay For Betting 

  • Limited Withdrawal Options: The biggest downside is the inability to withdraw funds using this method.
  • Not Universally Accepted: Some platforms might not provide an Apple Pay option, especially compared to the plentiful amount of betting sites that accept debit cards.

Google Pay Betting

Google Pay has now come out in the frontline as one of the most common methods of payment in many fields and the world of online betting is no exception. I will take you through depositing and withdrawing using Google Pay for betting and then finally, the benefits and drawbacks. 

Deposits with Google Pay 

In general, the process of investing money into your betting account by utilising the Google Pay option goes without saying that it is quite simple and fast. To start with, you have to make sure that your Google Pay is linked with something legitimate such as a bank account or debit card. Once that’s all set up (and ready to go), here’s what you do next.

  • Open the betting website by using your login details to get into the betting account that you have, go to the payment section. 
  • Select Google Pay as the payment method of your preference. 
  • Type the amount of the cash you want to deposit and then verify through the Google Pay application. 
  • Once all these are finalised (and granted), the money are transferred to your betting account immediately so that you can make your bets. 

Withdrawals with Google Pay 

It is not accepted most of the time, especially when you want to withdraw from your betting accounts. 

Advantages of using Google Pay for betting 

  • Fast and Convenient: One of the nice things about depositing through Google Pay is that it is real-time, meaning there is no waiting around in order to place bets. Plus, if you have already set up one on your phone and or on the other devices, it is very easy! The only thing that can take a little time is the confirmation of payments through the app - and that’s it, you are ready! 
  • Secure Transactions: Because you don’t directly feed your account/bank/card details to such sites - your precious details are safe with layers of encryption technology reducing chances of fraud or unauthorised access. 

Disadvantages of Using the Google Pay for Betting 

  • Limited Withdrawal Options: A disadvantage would be that its functionality is somewhat restricted during withdrawal. While depositing, for instance, does not pose too much of a problem – the same can be said for cashing out which might prove to be somewhat inconvenient and force certain users.
  • Not Widely Accepted: Popularity is increasing but not each and every platform is completely compatible with it meaning certain disadvantages in comparison with more widespread options such as debit card betting sites.

PayID Pay Betting

PayID is rather cool and, to say the truth, very useful in terms of payment processing. It connects your phone number or e-mail with your bank account, thus, the transactions are as simple as they could be. In fact, it is receiving quite some popularity in the global online betting industry because of this system. But how do betting sites with payid work for both the deposit and withdrawal process and what are its benefits and setbacks? 

Deposits with PayID 

The basics of it lie in depositing money into your betting account using the PayID and it couldn’t be easier. Here’s how you can do it:

  • Go to your betting account and click on the payment or banking option tab. 
  • Select PayID as the option you want as your method of payment. 
  • Now, type the amount you wish to deposit. 
  • Enter your PayID, such as, your phone number or the e-mail address associated with your bank. 
  • Approve the transaction and, there you have it! The money will be credited to your betting account almost immediately as well. 

For deposits, PayID betting sites are definitely great in terms of the time taken to approve transactions – this is done in real time hence there is no time wasted and one can start placing bets immediately. 

Withdrawals with PayID 

PayID is not as flexible as deposits where many business withdrawal options do not accept it (which can be a little inconvenient). 

Benefits of Paying via PayID for Betting 

  • Instant Deposits: Depositing through (the super speedy) system that processes deposit transactions in real-time and the money transfers to the betting account almost at the same time as you place your bets which is very suitable for gamblers who do not wish to experience even a slight lag between placing a bet. 
  • Convenient and Easy: There is no need to remember complex information about your bank, you just type that linked phone number or E-mail and everything just looks clear (and less susceptible to mistakes). 

Cons of PayID for Betting 

  • Limited Withdrawal Options: Some of these sites do not allow cashouts through this method If that is the case, you will be forced to choose other methods which could be the inconveniences (and possibly longer times). 
  • Availability Issues: Not every website providing betting services accepts it; thus, even if it is a method you would like to use all day – in some cases you will need other ones.

BPay Betting

BPay is a relatively famous payment option in Australia that enables people to pay directly from their bank accounts with the help of a unique BPay reference number. It has been used for almost any kind of transaction. Let’s get into the details of how to deposit and withdraw money from BPay betting sites and some pros and cons.

Deposits with BPay

In a nutshell, it is very safe to fund your betting account with BPay betting sites and is also very easy as well. Here’s the lowdown on how to use BPay for deposits.

  • Open your betting account or a betting app and go to the deposit part.
  • Choose BPay as your payment method.
  • Type the quantity that you wish to apply on top of the existing figures.
  • Fill in the BPay reference number and the biller code that is obtained from the betting site.
  • To complete that BPay you can use the BPay details, by logging in to online banking or by dropping by at that particular bank branch.

Withdrawals with BPay

What is important to know is that making withdrawals via BPay is not something most betting sites provide (as it is mainly associated with deposits). 

Strengths of Using BPay in Betting

  • Secure Transactions: Since (BPay) employs the use of reference numbers as well as biller codes, a high level of security required is always there. This makes the chances of being scammed while making the payment to be low as compared to other payment methods betting sites.
  • Easy Peasy: Compatible with most Australian banks which makes it incredibly easy as you can do all tasks right from the online banking system without any additional steps to be followed.

Drawbacks of BPay for Betting

  • Takes Its Sweet Time: BPAY leads to deposits normally within 1 – 2 operating days – which is not very fast as compared to methods like PayPal betting sites or Apple Pay, which may be irritating if you are anxious to start immediately.
  • Limited Options: Since BPAY is not generally accessible when it comes time to cash out, you will have no other option than to fall back on other modes.

Top Bookies Ranked by Payment Method Variety

So we’ve discussed all the payment options that are available in Australia for both deposits and withdrawals. But what are the best sites to use? From my experience, these 5 sites stand out from the rest when it comes to funding a betting account. 

Bet365

Bet365

Bet365, as it happens, has a broad spectrum of payment options that tend to include debit cards, Apple Pay and even the Bet365 Mastercard for nearly instant fund access. By the way, Google Pay and bank transfers are there too for secure and adaptable transactions whether you’re putting money in or taking it out. Check out the Bet365 for more details about this international bookie and some of their betting bonuses.

Bet365 Review
Consistent Great Odds

Dabble

Dabble

With Dabble, you're looking at a selection of choices like debit cards, Apple Pay and also PayPal for quick deposits - oh, don't forget about bank transfers which might be more old-school but are still reliable. The site offers you a safe and pretty handy way to manage your funds. Want to create an account? Here is the Dabble review for more info about their unique social betting experience.

Dabble Review
Follow other punters & Banter with Mates

Unibet

Unibet

Unibet accepts payments via debit cards along with services such as PayPal and even traditional betting payment methods like bank transfers. This flexibility provides both speedy deposits and really secure withdrawals making sure every punter is catered to just fine. Here is the Unibet review if you want to learn more about them and our free horse racing tips usually feature their decent odds for the races.

Unibet Review
Get Great Selection of Markets and Odds

Palmerbet

Palmerbet

Palmerbet offers quite an array of payment options including debit cards plus digital ones like BPay (for those who prefer that) alongside PayID for convenient deposits; when it's time to withdraw winnings though - bank transfers are generally available offering peace of mind. Want to learn more, here is the Palmerbet review, that will discuss this bookie in more detail.

PalmerBet Review
Get Awesome offers on Saturday racing

Betr

Betr

Betr supports easy-going transactions using debit cards or perhaps you'd rather use PayID? Plus there's always trusty old PayPal available as well (making things very simple). While on mobile devices, you can use Apple Pay on iPhone and Google Pay on Android. Also, Betr is considered one of the top live streaming betting sites with the racing.com stream. That will go nicely with our Flemington tips, especially on Saturdays throughout the year. Learn more about what Betr is doing with our full Betr review.

Betr Review
Huge Range of Markets for Horse Racing

What is the Best Payment Method for Me?

Deciding on the most suitable payment method for online betting is, frankly, a bit of a personal decision and hinges quite heavily on what you value most. So, let’s break it down with some things to think about that might help you figure it out:

  1. Speed: If you're someone who wants those deposits and withdrawals to happen at lightning speed, then options like PayPal or other e-wallets such as Apple Pay or Google Pay betting sites are pretty much your best bet. These methods usually get your deposits in there almost instantly and tend to process withdrawals significantly faster than old-school betting payment methods like bank transfers. But if you’re okay with waiting a little longer (and I mean just a little), then traditional bank transfers could be your go-to since they are very reliable and secure.
  2. Security: Now, if keeping things private and super secure is really high up on your list of priorities, then going with options like betting sites that support PayPal, Apple Pay, or even Google Pay might be the way to go. These services have excellent security measures in place because they don’t share your banking details directly with betting sites, giving you that extra layer of safety we all appreciate.
  3. Convenience: When it comes to ease of use (which is always nice), methods like Apple Pay betting sites and Google Pay can be incredibly convenient - especially if you're already using them for other purchases anyway. They allow you to deposit funds pretty quickly just by tapping away on your phone screen. However - and this is important - not every betting site accepts these online betting payment methods yet, so you'll want to check their availability first. 
  4. Withdrawal Options: If consistency matters a lot to you - that is, using one method for both putting money in and taking it out - then you'd probably find that sticking with something like PayPal works best since it supports both types of transactions seamlessly (no fuss). Some other payment methods betting sites such as (you guessed it) Apple Pay or Google Pay may only work for deposits but not withdrawals which can throw off your groove if you're looking for uniformity.

FAQ’s

What is considered the best payment option in online betting in Australia?

The best choice for making payments when engaging in online betting activities in Australia really hinges on what you personally prefer, but a lot of people find that PayPal tends to be the most hassle-free and user-friendly. It's incredibly fast, very secure and pretty much accepted everywhere. Other solid alternatives include using your debit cards or going through bank transfers.

Is it possible to use credit card for online betting in Australia?

Actually, no, you can't use a credit card for online betting within Australia anymore. The government decided to put this rule into place as a way to help cut down on problem gambling behaviors (so you’ll have to opt for other betting payment methods like debit cards or e-wallets instead).

Which betting site in Australia accepts PayPal?

You won’t find many new betting sites with PayPal. But quite a few Australian betting sites are totally cool with PayPal transactions, including well-known names like Bet365, Unibet, Betr and even Palmerbet. PayPal's popularity stems from its speed and security features. 

How to withdraw funds from my betting account?

To get your money out of your betting account, just log in first, head over to the withdrawal section (which is usually easy enough to find), pick your favorite method such as a good old-fashioned bank transfer or maybe something quicker like PayPal or another e-wallet option), punch in how much cash you're looking to pull out and hit confirm. It generally takes a couple of days before the money shows up in your account.

What is the most common payment method in online betting?

When it comes down to it, most people stick with either their trusty debit cards or various e-wallets like PayPal for their online betting needs (and who can blame them?). Some also go with bank transfers; however, these can be just slightly slower compared to other choices available out there.