Using Credit Cards in Australia
All credit cards in Australia are of the chip and pin variety. This means that Australians no longer need to sign when making a credit card purchase. Most card transactions in Australia use the NFC paypass or paywave function, which means you only need to hold your credit card to the terminal to complete transactions. Purchases under $100 don't require a pin.
The NFC function will still work for transactions over $100, but you'll need to enter your pin or a signature. The process is a lot smoother when it comes to make deposits at online casinos in Australia. Players only need to add their credit card and billing details to their account before they can start making deposits and processing withdrawals.
How to Fund Your MasterCard/Visa Account
MasterCard is the preferred choice for hundreds of online casinos for safe and quick gambling. However, it is always safe to check if the online casino you are signing up with accepts a Mastercard. Players who want to fund their online casino account using their MasterCard, will have to first add the credit card to your account, including the billing details (the address, the bank or bank affiliate that issued you your MasterCard, and your credit card number).
Visa cards are also widely accepted by online casinos in Australia. The process of using your Visa card at an online casino is very simple. Link your Visa card to your online casino by adding your Visa card details and billing info. You can then use your Visa card to complete deposits and withdrawals.
How to Deposit Using MasterCard/Visa
The main advantage of MasterCard is that it's universally accepted by most Australian casinos. You will have to make sure you have sufficient funds available in your Mastercard and then proceed with making the deposit into your online casino account. The process is very simple and should not take you more than a few minutes. Once your Mastercard is linked, the top up process becomes very easy as you no longer have to enter your credit card details.
There is hardly any difference when it comes to making deposits with your Visa credit card. The process is just about the same and players will have to keep in mind that there is usually a minimum and maximum deposit amount imposed on credit card payments.
How to Withdraw Using MasterCard/Visa
With MasterCard, you usually need at least one additional payment method, like PayPal or Skrill in order to withdraw money from your online casino account to your MasterCard. However there are a few online casinos that allow you to directly withdraw your funds on to your Mastercard.
One major advantage Visa has over MasterCard is the fact that withdrawing money onto it through online casinos is quite easy. As far as Visa is concerned, it's easy to withdraw directly to Visa and most casinos are happy to accept Visa withdrawals. Just pick the option to withdraw, meet the minimum withdrawal costs, and wait for your payment to be processed.
Credit Card Costs and Timing
The withdrawal process time usually takes 2 to 5 bank working days. There are some banks and casinos that reduce the processing time to 1 to 3 bank working days. There are very few casinos that process credit card transactions within 24 hours. The longest period for withdrawal processing is 10-14 days. In contrast, deposits are carried out instantaneous. Credit card fees vary with each online casino and also due to the different currencies involved and the current exchange rate of the day.