Alternatives to Australian Credit Card Casino Deposits

For years, Australian credit card casino deposits have been considered the most popular and convenient way to fund an online gaming account. Credit cards are fast, secure, and are accepted by just about every internet gambling website in the world.

How popular are Australian credit card casino deposits? Go to any online gambling site and click over to its banking page. The list of available deposit methods will always start with Visa at the very top. MasterCard will be second on the list 99% of the time, and is often followed by AmEx, Discover, and/or Diners Club.

This tells us it’s not just the player’s that prefer credit cards, but the iGaming operators themselves. They know as well as we do that credit card companies will ensure the money arrives promptly and safely. We want to get our money into the sites, and the sites want to get that money into their banks. It’s a win/win for everyone.

Or at least it is for the moment…

Cracking Down on Australian Credit Card Casino Deposits

Last week, it was revealed that major investment firms and the nation’s big four banks could be threatened by the continued use of credits cards to fund Australian online gambling accounts. Several firms have begun lobbying the banks to restrict the use of credit cards for gambling purposes, and it appears to be working.

The problem with Australian credit card casino deposits, according to antagonists, is that it promotes the proliferation of gambling addiction. Walking into a casino, pulling out a dime note and dropping it on the roulette wheel is one thing. Using a credit card to borrow money to play the pokies or bet on the ponies – that’s something entirely different.

Not only are these company’s joining the new government in its argument that problem gambling must be reduced, by whatever means possible, they also believe it puts the banks at risk.

If a person borrows hundreds or thousands of dollars to gamble, then loses it all, the banks could assume that loss. Multiply that by a few thousands irresponsible gamblers, and you’ve got yourself a real problem.

It will take some time for the investment firms and banks to hammer out a way to eliminate Australian credit card casino deposits, but with logic and public health on their side, odds appear heavily stacked that they will.

Other Secure Methods for Depositing

If and when the plan comes to fruition, internet gaming fans will need to find an alternative to Australian credit card casino deposits. There are several safe, secure and viable options to choose from.

My personal favorite is POLi Payments. This method allows punters to transfer the funds quickly and safely from their bank account, without actually divulging any bank information to online gambling sites. POLi is a free service, and doesn’t even require registration. All bank account holders have access by default.

Online payment processors like Neteller and Skrill are also great options. Players can open an eWallet account for free and fund it with a credit card, debit card or bank account. Those funds are easily and instantly transferred into your favorite online casino.

Debit cards and prepaid gift cards round out the list. A debit card is used just like a credit card, but the money is drawn from existing funds in your bank account. Prepaid gift are just that – a card that the user pre-loads with cash, then deposits into their casino account using the card’s details.