Online Casinos Strive to Make Banking Safe and Easy
Online casinos must process both deposits and claims. The entire matter is much different than at a land based casino. Many people bring their own money to a land based casino or take money as they need it from the ATM. As everyone by now is comfortable taking money from an ATM and using a credit card, the process by which players get money to play on land is simple.
Online casino banking forces the casino to be much more than a conduit for great casino gaming; it has to provide some banking services as well.
In a sense, an online casino like WPokies has to act like an ATM on land does when players want to deposit cash. Online casinos have to employ the same level of security an ATM provides. This is done through encryption software. At this time WPokies is an evolving online casino so it has a single depositing method, namely credit cards. WPokies has given more thought to how players can best get money out of the casino as when they wish to withdraw winnings. Thus, WPokies payment methods offer three withdrawal options to go with the single deposit option.
These are credit cards, direct bank transfer, and ewallets.
The entire concept of an electronic wallet only came about as people started moving money around the internet. An ewallet is a kind of internet-based bank but which offers people much more privacy. Your bank always knows when you use its credit card or make a transfer to or from it.
Many people want an extra layer of privacy when they deposit or withdraw money at an online casino. By using an ewallet, online casino gamers can move money into and out of their casino accounts without the bank having any record of the transaction.
Ewallets are also convenient when you move money from a smartphone. In this sense, the casino banking system is more convenient than a physical ATM: you carry the ATM with you in your smartphone! You could also deposit with a credit card through your smartphone but that involves remembering al your credit card’s numbers. With an ewallet, you only need to remember your account password.
Banking in Australian Dollars
The single biggest extra service any online casino such as WPokies can do is offer banking in Australian dollars. There are still quite a few online casinos that allow you to deposit only the biggest currencies.
On the other hand, Aussies need a casino that takes AUD. Some online casinos will accept AUD for deposits but will then convert the money into the currency they use for all games. This conversion works against depositors in AUD. The casinos that are the friendliest to Aussies don’t convert your Aussie dollars to the “house” currency which would either be Euro, USD, or British pounds; these casinos let you play in AUD as well.
Australia-Specific Banking Options
Australian casino banking options include ewallets, credit and debit cards, direct transfers, money orders, ukash, POLi, and PaySafeCard. We need to explain a bit about the latter three.
Ukash is neither a credit nor debit card nor an ewallet. It serves as a conduit for pre-paid vouchers, similar to a money order. You buy the voucher at any of many locations in Australia. The voucher comes with a code. To deposit it at the casino, you merely enter the voucher code and the money appears in your casino account.
PaySafeCard is almost exactly the same as ukash. It gives you a “pin” number and with it, you can make transactions from your smartphone.
POLi is wildly popular in Australia as it facilitates transfers from your bank to the casino without causing you to incur a fee. Aussies have come to use POLi for many online banking purposes.
Three Newer Banking Options
There are three relatively new banking options that Australians are talking about: bitcoin, purplepay, and neosurf.
Bitcoin is the most recognizable of the many so called cryptocurrencies by which people loosely mean currencies that are not created by central government banks. Bitcoin is an entirely digital currency. As a casino banking option, it is available through neteller. You definitely don’t need to understand how bitcoin are “mined” or what a blockchain is to use it for depositing and withdrawing.
As bitcoin is but one of dozens of cryptocurrencies, we can expect casinos to allow banking in others soon.
This is more a banking platform rather than a single banking method. Purplepay brings all the many banking options together in a single platform so you can deposit to your casino, buy shoes, and reserve a rental car from the same online location at the same time.
Purplpay facilitates casino banking through credit and debit cards, vouchers, money orders, bank transfers, ewallets, bitcoin and others.
This is also a relatively new online banking service provider. Neosurf has two different banking options: the pre-paid voucher and the Neocash Master Card.
At the present time, there are close to 150,000 neosurf vending machines worldwide where you can buy a voucher. The voucher has a pin number which you enter in the correct space when you want to use the voucher to deposit money in the casino. A great advantage of neosurf is that they sell vouchers; they don’t require you to join or to register with them. As long as you can pay for the voucher, you can buy one with complete anonymity.
The Neocash MasterCard is basically a debit card. You add funds as you need and then you can use it as a pure debit card. When the card runs down, you need to replenish the card’s account. By using a debit card such as this one, you have an extra layer of control over your overall budget.
Many people use a debit card when they shop for groceries because it prevents spur of the moment purchases.
The two keys for online casino banking are convenience and safety. Every reputable casino encrypts its financial transactions. There are many banking options because different players have different needs.
The third big advantage some casinos offer is banking in Aussie dollars.