Betting Sites Payment Methods

Depositing into your betting account might not be the most exciting part of your betting experience, but it is a necessary one. In this article, we’re going to go through the wide range of different payment methods for online betting which you’re likely to come across, the pros and cons of each of them, as well as which of our favourite bookmakers offer each of them.

Betting Sites With the Best Deposit Methods

 Credit/debit card • PayPal •Apple Pay • POLi • Bank transfer • BPay • Flexepin • Paysafecard • Cash inVisit Bet365
 Credit/debit card • POLi • Bank transfer • BPay • Paysafecard • Cash inVisit Topsport
 Credit/debit card • POLi • Bank transfer • BPay Visit Playup
    Credit/debit card • POLi Visit Draftstars
 Credit/debit card • POLi • Bank transferVisit Winnersbet
 Credit/debit card • POLi • PayPal • Bank transfer • BPayVisit Palmerbet
 Credit/debit card • POLi • Bank transfer • BPay • Cash inVisit Boombet
 Credit/debit card • PayPal •Apple Pay • POLi • BPay • Neteller • Skrill • EcoPayz • Flexepin • Cash inVisit Unibet
    Credit/debit card • POLi Visit Picklebet

PlayUp

Although relatively new, PlayUp has quickly become a favourite among bettors, offering a diverse market, an excellent platform, and top-notch customer support. When it comes to funding your account, you have various instant options such as Credit/Debit Card, Apple Pay, PayID, and Cash in-store. Other methods like BPAY and Bank Transfer might take 1-2 business days. Withdrawals via Bank Transfer are typically processed within 24 hours.

PlayUp Review
Great Mobile Offering & Extensive Markets on Offer

Boombet

With over two decades in the industry, BoomBet is known for its strong fixed odds and a wide array of deposit methods. Instantly deposit funds using your Credit/Debit card, or opt for BPAY or Bank Transfer, which can take 1-2 business days. Withdrawals through Bank Transfer are completed within 1-5 business days.

Creates it's own great odds & Great Customer Service

WinnersBet

As an emerging name, WinnersBet is making strides, especially with its racing section and user-friendly website. While funding your WinnersBet account is limited to instant Credit/Debit Card deposits, or through a Bank Transfer (1-2 business days for processing), their withdrawal process is swift, with Bank Transfers clearing within hours, and not exceeding 2 business days in my experience.

WinnersBet Review
Decent all-around racing offering & a solid platform experience

Unibet

Unibet-120x120 (2).png

A global giant, Unibet stands out with its vast sports and market selections, competitive odds, and a sound range of banking methods. Instantly deposit using Credit/Debit card, Apple Pay, or PayPal. If you're withdrawing, PayPal and Neteller transactions complete within 12 hours, PayID within 24 hours, and Bank Transfers take 1-3 business days.

Unibet Review
Solid Range of Live Streaming Options & Decent Odds on Offer

Bet365

As one of the world's largest betting sites, Bet365 excels in offering a wide variety of sports, markets, and deposit methods. Deposit instantly with methods like Credit/Debit Card, Bet365 Mastercard, Apple/Google Pay, PayPal, PayID, Paysafecard, Flexepin, Click-to-pay, except for Bank Transfers which take 1-3 business days. Withdrawals are swift, with Bet365 Mastercard being instant, PayPal, and PayID processing within 24 hours, and Bank Transfer also within 24 hours.

Bet365 Review
Great Cash-Out Offering & Streaming Offering

Draftstars

Known for its focus on fantasy sports, DraftStars offers unique markets. You can instantly fund your account with Credit/Debit Card, Apple Pay, PayID, or Cash in-store. BPAY and Bank Transfer might take 1-2 business days. Withdrawals via Bank Transfer are usually processed within 24 hours.

Draftstars Review
Best Daily Fantasy Sports in Australia & Decent Withdrawal Times

Palmerbet

Reliable and comprehensive, PalmerBet provides a great range of markets, competitive odds, and a solid selection of deposit methods. Instant deposits can be made via Credit/Debit card, Waave's Pay By Bank, PayID, and PayPal, while BPAY and Bank transfer might take 1-2 business days. Withdrawals through Bank transfer are completed within hours, but not exceeding 2 business days.

Palmerbet Review
Quality Mobile Offering & Betting Market Variety

Picklebet

Focusing mainly on eSports, PickleBet also caters to a range of other sports markets. Deposit options are similar to DraftStars, with instant processing for Credit/Debit card, Apple Pay, and PayID. Withdrawals via Bank transfer are completed within hours, and in my experience this can take a maximum of 2 business days to be processed.

Picklebet Review
Great eSports Offering & Decent Website Experience

TopSport

Known for good odds and a solid range of markets, TopSport offers a decent selection of banking methods. Instantly deposit with your Credit/Debit Card, while BPAY and Bank Transfer might take 1-2 business days. Withdrawals via Bank Transfer are processed within 1-5 business days.

Topsport Review
High Betting Limits & Decent Live Betting Service

Types of Deposit Methods in the Aussie Betting Scene

Previously, we took a look at the various betting deposit methods offered by some of the top bookmakers in Australia. Now, it’s time to go into a bit more detail about each of these deposit methods, beginning with the most common option – credit/debit card. 

Credit Card

Credit cards are a widely accepted and quick deposit method for online betting sites in Australia. However, it's crucial to note that an impending regulatory change will soon ban the use of credit cards for betting, steering punters towards more accountable payment options. This upcoming ban underscores the importance of being prepared to adapt to alternative deposit methods for continued responsible gambling.

Pros✔️​: Universal acceptance; instant deposits
Cons❌​: Withdrawal delays; potential upcoming ban

Which Bookies Offer this Method ❓​

Betting SiteDepositingWithdrawaling
PlayUp✅​✅​
BoomBet✅​✅​
WinnersBet✅​✅​
Bet365✅​✅​
UniBet✅​✅​
ColossalBet✅​✅​
DraftStrars✅​✅​
PickleBet✅​✅​
PalmerBet✅​✅​
TopSport✅​✅​

Debit Card

Debit cards, unaffected by the impending credit card ban, offer a reliable and secure means for instant deposits in the betting world. They grant direct access to your bank funds, facilitating a seamless transaction experience. And while deposits are quick, it's worth noting that withdrawals might require a bit more time, so it pays to be patient!

Pros✔️​: Instant deposits; direct bank fund access
Cons❌​: Slower withdrawals

Which Bookies Offer this Method ❓​

Betting SiteDepositingWithdrawaling
PlayUp✅​✅​
BoomBet✅​✅​
WinnersBet✅​✅​
Bet365✅​✅​
UniBet✅​✅​
ColossalBet✅​✅​
DraftStrars✅​✅​
PickleBet✅​✅​
PalmerBet✅​✅​
TopSport✅​✅​

Bookmaker Card

The Bookmaker Card acts as a bridge between your betting account and your wallet, offering the convenience of instant access to your winnings. This card, linked directly to your betting account, allows you to withdraw funds from ATMs or make purchases anywhere debit cards are accepted. It's like having your winnings in your pocket, ready to spend immediately after your bet pays off.

Pros✔️​: Immediate access to winnings; widely accepted for payments and ATM withdrawals
Cons❌​: Can lead to impulsive spending; not all bookmakers offer this option

Which Bookies Offer this Method ❓​

Betting SiteDepositingWithdrawaling
PlayUp❌​❌​
BoomBet❌​❌​
WinnersBet❌​❌​
Bet365✅​✅​
UniBet❌​❌​
ColossalBet✅​✅​
DraftStrars❌​❌​
PickleBet❌​❌​
PalmerBet❌​❌​
TopSport❌​❌​

Apple Pay

Apple Pay integrates seamlessly with your Apple devices, offering a swift and convenient deposit method. It's perfect for on-the-go transactions, ensuring your deposits reflect instantly. The downside? You can't use it for withdrawals, and it's not as widely available across bookmakers.

Pros✔️​: Quick and convenient for Apple device users; instant deposits
Cons❌​: No withdrawal option; not universally available

Which Bookies Offer this Method ❓​

Betting SiteDepositingWithdrawaling
PlayUp✅​❌​
BoomBet❌​​❌​
WinnersBet❌​❌​
Bet365✅​✅​
UniBet✅​❌​
ColossalBet❌​❌​
DraftStrars✅​❌​
PickleBet✅​❌​
PalmerBet❌​❌​
TopSport❌​❌​

PayPal

PayPal stands out for its speed in processing transactions and the added layer of keeping your betting activities separate from your bank account. It's a fantastic option for those who prefer a quick and separate financial channel. However, its availability is still limited to major bookmakers.

Pros✔️​: Instant deposits; separate from bank account transactions
Cons❌​: Limited availability among bookmakers

Which Bookies Offer this Method ❓​

Betting SiteDepositingWithdrawaling
PlayUp❌​❌​
BoomBet❌​❌​
WinnersBet❌​❌​
Bet365✅​✅​
UniBet✅​✅​
ColossalBet❌​❌​
DraftStrars❌​❌​
PickleBet❌​❌​
PalmerBet✅​❌​
TopSport❌​❌​

PayID

PayID is known for its rapid deposit process once you've linked it to your bank account. It's a modern way to fund your bets efficiently. The setup is straightforward, making future transactions quick and hassle-free. The only catch is its availability, which is still growing among bookmakers.

Pros✔️​: Swift deposits after initial setup; user-friendly
Cons❌​: Not as widely accepted yet

Which Bookies Offer this Method ❓​

Betting SiteDepositingWithdrawaling
PlayUp✅​❌​
BoomBet❌​❌​
WinnersBet❌​❌​
Bet365✅​✅​
UniBet✅​✅​
ColossalBet✅​✅​
DraftStrars✅​❌​
PickleBet✅​❌​
PalmerBet✅​❌​
TopSport❌​❌​

Waave's Pay By Bank

Waave's Pay By Bank is a newcomer offering instant deposits by linking directly to your bank account. It promises a smooth and swift transaction experience. However, being relatively new, its availability is still limited among bookmakers.

Pros✔️​:  Instant deposits; smooth bank linkage
Cons❌​:  Limited availability; relatively new in the market

Which Bookies Offer this Method ❓​

Betting SiteDepositingWithdrawaling
PlayUp❌​❌​
BoomBet❌​❌​
WinnersBet❌​❌​
Bet365❌​❌​
UniBet❌​❌​
ColossalBet❌​❌​
DraftStrars❌​❌​
PickleBet❌​❌​
PalmerBet✅​❌​
TopSport❌​❌​

Alternative eWallets

Options like Neteller and Skrill are efficient eWallets, offering instant deposits and speedy withdrawals. Ideal for punters valuing quick, secure transactions, their main drawbacks are limited acceptance and potential transaction fees.

Pros✔️​: Quick and convenient; instant deposits
Cons❌​: Transaction fees; not as widely accepted

Which Bookies Offer this Method ❓​

Betting SiteDepositingWithdrawaling
PlayUp❌​❌​
BoomBet❌​❌​
WinnersBet❌​❌​
Bet365❌​❌​
UniBet✅​✅​
ColossalBet❌​❌​
DraftStrars❌​❌​
PickleBet❌​❌​
PalmerBet❌​❌​
TopSport❌​❌​

POLi

POLi is a very easy way to deposit into your bank account, though it’s not available for withdrawals. To use it you simply enter your bank details on the betting site to log in and transfer funds from your bank account to your betting account, and deposits are once again instantaneous. What makes POLi a particularly convenient choice is that it’s available with a huge range of bookmakers, including all nine of our preferred bookies that we’ve listed in this article.

  • Bookmakers that accept POLi: PlayUp, Boombet, WinnersBet, Bet365, Unibet, Draftstars, Picklebet, Palmerbet, TopSport

Bank transfer

A bank transfer is a traditional yet reliable method, offering a direct route from your bank to your betting account. It's preferred for its security, especially for withdrawals. However, it's not the fastest for deposits, usually taking a day or two, so plan your bets accordingly.

Pros✔️​: Secure and direct; preferred for withdrawals
Cons❌​: Slower processing for deposits, typically 1-2 days

Which Bookies Offer this Method ❓​

Betting SiteDepositingWithdrawaling
PlayUp✅​✅​
BoomBet✅​✅​
WinnersBet✅​✅​
Bet365✅​✅​
UniBet❌​​✅​
ColossalBet✅​✅​
DraftStrars✅​✅​
PickleBet❌​✅​
PalmerBet✅​✅​
TopSport✅​✅​

BPay

BPAY shines in terms of security, making it a solid choice for those prioritizing safety over speed. It's particularly popular with larger transactions. The compromise, though, is the waiting time, as deposits take a day or two to process.

Pros✔️​: Highly secure; suitable for larger transactions
Cons❌​: Slower deposit processing, generally 1-2 days

Which Bookies Offer this Method ❓​

Betting SiteDepositingWithdrawaling
PlayUp✅​❌​
BoomBet✅​❌​
WinnersBet❌​❌​
Bet365❌​❌​
UniBet❌​❌​
ColossalBet✅​❌​
DraftStrars✅​❌​
PickleBet❌​❌​
PalmerBet✅​❌​
TopSport✅​❌​

Flexepin

Flexepin operates through a voucher system, offering a unique and secure way to deposit funds. You buy a Flexepin voucher from select outlets or online, and then use the provided PIN to deposit funds into your betting account instantly. While the deposit is immediate, the need to purchase a voucher beforehand adds an extra step compared to other instant deposit methods.

Pros✔️​: High security with PIN protection; instant deposits once the voucher is purchased
Cons❌​: Requires purchasing a voucher before depositing; may not be as convenient as direct online methods

Which Bookies Offer this Method ❓​

Betting SiteDepositingWithdrawaling
PlayUp❌​
BoomBet❌​
WinnersBet❌​
Bet365✅​
UniBet❌​
ColossalBet❌​
DraftStrars❌​
PickleBet❌​
PalmerBet❌​
TopSport❌​

Paysafecard

Paysafecard is similar to Flexepin, functioning through a prepaid voucher system. After purchasing a voucher, either online or from authorised retailers, you use the provided PIN to deposit funds. The process is swift and secure, with the added control of only being able to deposit up to the amount on the card.

Pros✔️​: Secure and controlled spending; instant deposits after obtaining the card
Cons❌​: Limited by prepaid amount (up to $100); requires voucher purchase ahead of time

Which Bookies Offer this Method ❓​

Betting SiteDepositingWithdrawaling
PlayUp❌​❌​
BoomBet❌​❌​
WinnersBet❌​❌​
Bet365✅​❌​
UniBet❌​❌​
ColossalBet❌​❌​
DraftStrars❌​❌​
PickleBet❌​❌​
PalmerBet❌​❌​
TopSport❌​❌​

Click to Pay

Click to Pay aims to streamline online payments, providing a fast and secure way to fund your betting account. It simplifies the transaction process, allowing for quick deposits without the need to enter card details for every transaction. While it offers convenience and speed, its availability and acceptance might still be growing among bookmakers.

Pros✔️​: Streamlined and quick transactions; enhanced security
Cons❌​: Limited availability with some bookmakers; relatively new in the market

Which Bookies Offer this Method ❓​

Betting SiteDepositingWithdrawaling
PlayUp❌​❌​
BoomBet❌​❌​
WinnersBet❌​❌​
Bet365✅​❌​
UniBet❌​❌​
ColossalBet❌​❌​
DraftStrars❌​❌​
PickleBet❌​❌​
PalmerBet❌​❌​
TopSport❌​❌​

Cash-in Store

The 'Cash In-Store' method is a nod to traditional betting, allowing you to deposit cash directly into your betting account at participating outlets. It's a tangible way to manage your betting funds, providing a direct and physical interaction with your deposits. While it offers the security of dealing with cash, it lacks the instantaneity and convenience of online methods.

Pros✔️​: Secure, direct cash transactions
Cons❌​: Not as convenient or fast as online options; requires visiting an outlet

Which Bookies Offer this Method ❓​

Betting SiteDepositingWithdrawaling
PlayUp✅​❌​
BoomBet❌​❌​
WinnersBet❌​❌​
Bet365❌​❌​
UniBet❌​❌​
ColossalBet✅​❌​
DraftStrars✅​❌​
PickleBet❌​❌​
PalmerBet❌​❌​
TopSport❌​❌​

Neteller

Neteller is an eWallet in a similar mold to PayPal, though it doesn’t yet have the popularity of its more experienced counterpart. Once you’ve linked your credit/debit card to your Neteller account you’ll be able to make instant deposits to your betting account, and you can also make relatively quick withdrawals. The downsides of this method are that there are small fees involved when you use it, and it’s not yet widely available.

Bookmakers that accept Neteller: Unibet

Skrill

Skrill boasts many similarities to the aforementioned Neteller, namely in the fact that it’s a relatively new eWallet which isn’t yet available with many betting agencies. It’s easy to use, safe, and gives you instant deposits and quick withdrawals, so once you’ve linked it with your credit/debit card Skrill can be a good option. Of our nine bookmakers in this article, however, it’s only available with Unibet.

Bookmakers that accept Skrill: Unibet

Ecopayz

Yet another deposit method that can fall into the same category as Neteller and Skrill, Ecopayz works by linking your credit/debit card to your Ecopayz account. Once you’ve done that, instant deposits to your betting account are available, though there is a small fee associated with that and once again it’s not available with very many bookmakers just yet.

Bookmakers that accept Ecopayz: Unibet

And so, there we have it! Your choice of deposit method can greatly influence your betting experience. Whether you value speed, security, or convenience, there's an option for every punter. Consider your needs, weigh the pros and cons, and may your bets be as savvy as your deposit choices!

What to take into consideration

Considering deposit methods when choosing a betting site is an interesting proposition; it may not seem like the most important thing to think about, and it probably does pale into comparison compared to thinks like how many markets are offered and the odds available for most punters, but at the end of the day if you don’t have access to a payment method that suits you then there’s not much you can do.

Of course, just because you’ve never used a deposit method before, however, doesn’t mean that you never do. You might have a preference in terms of which deposit method you which to use, and in this case it certainly makes sense to look for a bookmaker which offers that deposit method, particularly if you’re tossing up between a few different bookies. However, if you come across a betting site that ticks all your boxes and is clearly the best choice for you, but they don’t offer your preferred bookmaker payment method, that certainly doesn’t have to be a reason not to try them out. As long as you have a bank account, most of the payment methods that we mentioned above will be available to you – it might just be a case of linking it or setting it up, but once you’ve done that you should be ready to go.

Bonuses & Promotions📢

Typically, bonuses and promotions don’t have a whole lot to do with the deposit method you use – at least not on the bookmaker side of things. Perhaps on occasion using a certain platform might result in that platform rewarding you in some way, but typically the bookmaker won’t give you extra bonuses or anything like that for using a particular payment method. There are, of course, plenty of promotions available with many different bookmakers, including welcome bonuses, money back bonuses and more – they just aren’t usually linked to the payment method you use.

Mobile Betting App📱

Using mobile betting apps and mobile sites in place of the traditional desktop site for betting is becoming increasingly common, so you may be wondering whether there are particular deposit methods which are available on mobile that aren’t available on your computer. In short, the answer is no, at least not very often. The deposit methods you’ll find on your computer on a given bookie will generally match those that you find on your phone. You may, however, find a particular payment method easier to use on your phone – for example, Apple Pay can be set up on your iPhone and deposits can then be made, so in this respect it’s easier to be on your phone to set up the account and deposit in the one sitting.

FAQs

Which is the easiest betting sites payment method to use?

This really depends on the user. We think that credit/debit card is often among the easiest given its widespread availability and simplicity of use, but if you already have another platform linked to your bank account or funded then they may be the easiest choice for you.

Are deposits and withdrawals usually instant?

This depends on the payment method, bookmaker and sometimes your bank. For most payment methods, deposits will be instant, while withdrawals never are and typically take at least a day or two to reach your other account.

Which bookmaker offers the most different payment methods?

There are a few different bookmakers which offer a very wide selection of payment methods. Of those that we’ve mentioned in this article, Bet365 and Unibet definitely stand out as having the most comprehensive selections.

Do I have to pay fees to deposit into my betting account?

This one depends purely on the payment method. Most of the deposit options we’ve listed are free to use, but there are a handful that charge a small fee for you to use them.

How do I deposit into my betting account?

Depositing into your betting account is generally pretty easy. Simply locate the deposit button – usually very easy to spot on the home page, or else in your ‘My Account’ section – select your payment method of choice, enter a deposit amount and you’re away.