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If there's one thing that can be said with certainty it's that the popularity of online betting has gone through the roof. With the high number of online credit cards betting sites available in Australia, finding the best credit cards for gambling can be quite overwhelming. However, with a couple of simple tricks and tips, you will find the perfect site for you in no time.
Generally, credit cards are widely accepted in the world, and Australia is no exception. Due to their multiple benefits, many Australia bookies accept debit cards and credit cards. Perhaps the most popular payment methods in Australia are debit cards and eWallets.
If you notice that a certain online bookmaker doesn't support credit card payments, it is highly recommended to avoid it. This is solely due to the fact that every major and legal betting operator not just in Australia but on the whole planet accepts credit card deposits.
Some of the most popular sites that accept credit cards in Australia are bet365, Unibet, BetOnline, and Betway. As for the online bookmakers, one of Australia's favourite online sportsbooks is by far Sportsbet. This bookmaker has several convenient payment options, including MasterCard and Visa deposits.
In a sense, credit card accepting betting sites have become a norm. The only question that arises here is which is the best credit card for gambling, which is a harder choice to make. What would be your best credit cards for online gambling will depend on your credit score or the benefits that come with any given card or bank.
Regardless, it is universally recognized that using a credit card for deposits is the safest way to go. Not only would it require the operator to be checked but you can also always withdraw your payment only from the side of your bank if you think there is an issue. This is why even the betting sites that accept debit cards will clearly state that they accept credit cards as well.
Although Australians can not use credit cards when gambling in land-based casinos, TAB outlets, and terrestrial licensed venues, the same can not be said regarding online betting. Generally, the only reason why credit card use is permitted for online betting is that the IGA contains an issued exception that lets licensed operators provide credit.
Over the last couple of years, the use of credit cards in online gambling in Australia has been debated quite a lot. Not so long ago, the Parliamentary Joint Committee recommended that the federal government should implement legislation to ban online gambling service providers from accepting payment by credit cards. As for now, nothing has happened and we can not say with certainty when or even if the federal government will adopt these recommendations at all.
On the other hand, what we can say is that some banks have independently moved to prevent their customers from transacting with gambling companies using their credit cards. Some of them include Bendigo Bank, Virgin Money, and American Express.
If you are new bookie sites to betting the first thing you should know is that you must fund your sportsbook account before you can begin betting on your preferred sports. With that being said, it is critical to understand which payment methods are available as well as how they function.
Using credit cards in online betting comes with certain sets of advantages as well as downsides.
One of the biggest benefits when using a credit card to fund your account is the possibility of making instant deposits.
Having to send money and then wait for a significant amount of time for it to be collected can be frustrating, to say the least. Luckily, with a credit card, you don't have to worry about that. Additionally, credit cards are widely available, simple, easy to use, and easy to obtain.
On the other hand, there are a few disadvantages that can come your way when you use a credit card to fund your account. One major downside of depositing money with credit cards is transaction fees charged by the Payment Provider.
Undoubtedly, if you use VISA or MasterCard, these transaction fees can have notable effects on your margins. This is because payment providers such as VISA or Mastercard treat the deposit as a "cash advance".
With that being said, it is highly important to know that the fee can range between 1.5% and 2.5%, depending on the bank and the online bookmaker credit card deposit you optimise for.
Additionally, another downside when it comes to using credit cards for betting is security threats. When you use a credit card betting site, what you are essentially doing is exposing your card information to the sportsbook you are using.
With that in mind, it is crucial to make sure that the site you are betting on is fully licensed, as well as it uses SSL encrypted technology, so you can feel safe and comfortable sharing your data.
One more disadvantage when using cards such as Mastercard is that you probably won't be able to withdraw via the same method. This is something you should consider when deciding upon the type of card you would wish to deposit with.
In general, adding funds to your account with a credit card is a very quick, easy, painless, and straightforward process. Perhaps the hardest thing is to find a reliable and reputable bookie to place your bets on. Everything after is quite easy compared to that first step.
Once you have logged in at a trusted bookie of your choice it's time to deposit by hitting the deposit link.
Afterward, you should select a credit card as your preferred payment method. Then you should type in your card number, and security details such as your legal name, surname, address, and phone number, along with the amount you wish to deposit. At last, click the "Deposit" button to confirm.
The common deposit limit in all online betting stations is $700 AUD per week, or 100 per day. In places like Bet365 you won't be able to wager more than that on a single ticket. Additionally, you won't be able to deposit more than $1000 per month unless you speak with the operator and are allowed more after a check that you are practising responsible gambling.
Online betting is, in fact, an extremely fun and sometimes highly profitable activity, that is if you do it safely and responsibly. No matter if you see betting as a fun pastime or as a profession, it is by far best enjoyed when played in moderation. At the end of the day, no one wants to fall into a pit of debt.
One way you can practice responsible betting is to bet with money you can afford to lose and treat any money lost as the cost of entertainment. Moreover, you should set a specific budget on a daily, weekly, or monthly basis, depending on how frequently you bet, and stick to that budget.
In case you plan to become a professional bettor then you should surround yourself with other responsible bettors. You should constantly work on maintaining balance in your life. This is highly important, because if other aspects of your lifestyle are balanced then you are less likely to feel the need to develop gambling habits and addiction.
Lastly, you should educate yourself on what signs to watch out for in terms of problem betting. In this way, you will be able to notice if you are slipping up and you can seek professional help in time.
If there's one thing that can be said with certainty it's that one big factor that can either make or break a betting site for many Australian players is payment options. Luckily, there are plenty of amazing ways to both deposit and withdraw from betting sites that accept Visa in Australia, including with a credit card.
In general, how long it will take you to withdraw money from a certain betting site varies. For instance, with VISA, MasterCard, PayPal, Neteller, and Skrill it will take 24-48 hours. But, if you withdraw regularly then they may only take a couple of hours.
Although betting payments with VISA is free of charge, widely used and deposits are instant, that is not the case when it comes to withdrawal, a s it can sometimes even take a couple of days. Some of the most popular betting sites in Australia that accept VISA are Bet365, Unibet, BlueBet, TopSport, and RealBookie.
The same goes for Mastercard users. One can make instant deposits, it is easy, free, and available on all betting sites in Australia. However, you will need to share your credit card details and withdrawals are not instant, and they are sometimes even unavailable.
Some of the most popular betting sites that accept Mastercard payments in Australia are Bet365, Sportsbet, TopSport, Palmerbet, and BlueBet. On the other hand, some betting sites that do not accept Mastercard payments in Australia are Neds, Betstar, Betfair, and PlayUp.
When it comes to limits, most operators will vary depending how and where you take the money out of your account. If you have the betting operators credit card you can withdraw directly from an ATM, but only up to $1000 at once and $3000 per day.
Taking money from the point of sale in person can give you up to $5000, while the biggest daily limit is with bank transfers which will allow you to withdraw $1000 at once but up to $10.000 per day.
Generally, the majority of credit card operators solve gambling transactions as cash advances, which means that more times than not they will include a fee. This is crucial to know and educate yourself if you plan to use credit cards to make gambling transitions.
It is definitely not recommended to play with any money that you have borrowed, as it can take decades to repay the debt. With that in mind, if you need to use your card for a buy-in it would be prudent to use one with a very small rate for cash advances, as that will dial down the costs.
Comparing Australian offers, there are some credit cards on the market that offer a short-term cash advance for as low as 8%. While you wouldn't pull a mortgage on that number, that is still an easier thing to manage than 22% which is customary in most traditional banks.
Still, borrowing money from anyone, especially a bank, to gamble is not recommended and is a sign that you perhaps have a gambling problem, in which case you should reach for professional help. Gambling is a very fun activity, however, it can be very addictive, so one must learn to be responsible and safe, for the sake of themselves and their dear ones.
In all honesty, when it comes to choosing between VISA or MasterCard, the choice solely depends on the players' wants and needs. However, we believe that in terms of betting, VISA has a slight edge, due to some MasterCard gambling restrictions.
While it is true that MasterCard has a more cutting-edge technology that can help keep your information safe, Mastercard's inability to withdraw is what sets them back significantly when it comes to betting.
There's no doubt that VISA is one of the most commonly used options for depositing funds in Australian casinos, hence it makes sense that all legit websites offer this payment method. Using VISA as a payment method when betting and making deposits comes with a certain set of advantages.
When you use VISA to deposit money, there are no complicated long processes and users can rely on instant money transactions which take away the stress from the betting experience.
However, one thing to keep in mind when choosing VISA as your payment option is to check whether the chosen betting site accepts withdrawing with different banking options. Additionally, you should check for the minimum and maximum deposit amount allowed by the site, so you know what you are working with.
On the other hand, MasterCard provides a wide array of benefits as well. First and foremost, MasterCard takes fraud prevention very seriously, so you can rest assured that your sensitive data are in safe hands.
Additionally, with MasterCard, no bettor needs to wait for a long time to make a successful deposit or withdrawal from their account. Furthermore, it is recommended for new bettors to only make payments on e-sports betting sites using debit cards.
Generally, the process for depositing with MasterCard is pretty much the same, with slight differences in instructions based on which betting site you use.
At last, if you are not sure whether you even want to choose VISA or MasterCard as your payment method, there is no need to worry as there are several other funding options at your disposal. For instance, there are betting sites with Skrill and with Neteller you can look into. The most important thing is that you feel comfortable and confident with your decision.
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