Prepaid Cards at Australian Casinos
With new casinos competing with their more established counterparts, it’s no surprise to find a wealth of different payment options available. Depending on what you are looking for, there is a payment method to match. With such variety, considering speed, security, anonymity and payment size is a must when looking at the options at new Australian online casinos.
One of the options available to Australians is prepaid cards. Available from a number of different sources including Paysafecard, Neteller and Skrill, these cards act in a similar way to debit cards, but with stricter budgeting in place. With that in mind, let’s take a look at what prepaid cards entail, how they work and whether they are right for you.
What is it?
Prepaid cards operate in a similar vein to debit cards. However, instead of having the amount of money accessible from your bank account, these are loaded with a fixed amount of money. In this way, they’re more akin to a gift card rather than a debit card. For, when the funds loaded onto the card run out, the card cannot be used and will need to be topped up once more.
How Does it Work?
Many prepaid cards are linked to eWallets such as Neteller, Skrill or Paysafecard. They can be physical or digital, but rely on you to load them with a predetermined amount before they can be used. Once it comes time to use it, they operate in the same way as a debit card.
In the banking section of your casino account, select the prepaid card option. You will need to input your name, card number (it’s 16-digits), and the CVV found on the back of your card. Type in the amount you would like to deposit and confirm. The funds will be taken directly from the card and the remaining balance will be left for next time’s usage.
It’s important to note that only deposits can be made with a prepaid card. Payouts cannot be made to the prepaid card and an alternative payment method needs to be used when it comes to making a withdrawal.
Security
Prepaid cards are also quite secure, though not necessarily as secure as bank transfers, for example. However, they operate similarly to a debit card which means that you do need to provide the card details. That being said, the card is not tied to a bank account so the only funds a fraudster can get hold of, is whatever’s left on the card afterward. On top of that, as it’s not linked to a bank account, you get a modicum of anonymity when using this type of card.
Speed
When it comes to speed, prepaid cards are on a level with regular card payments. Once the payment has been made, it will appear in your casino account instantly, allowing you to get on and play casino games. However, there is no withdrawal option so for payouts you need to find a different option for your winnings.
Fees
Typically there are no fees attached to a prepaid card. This is because it is just depositing the cash from the card to the casino account. Again, there are no withdrawal options for this type of card, so the payout part cannot take place and thus there are no fees attached to the withdrawals.
When it comes to the minimum and maximum transaction limits, these are typically similar to those of a debit card. Again, the final amount depends on the prepaid card as not all cards can be loaded with a large amount of funds. For example, Paysafecards typically have low denominations so they’re good for those looking to dabble in gambling rather than those who want to deposit and bet big.
Why Choose to Use Prepaid Cards
Prepaid cards are a great option for anyone looking to make a speedy deposit at an online casino in Australia. These can be topped up from an eWallet making it an easy way to fund an account without having to link an eWallet or bank account. As these are standalone cards, they offer more security as no banking details are required, nor is a name necessary. This means that they offer a high level of security coupled with anonymity for those playing online.
For players looking to manage their gaming, then a prepaid card is a solid option. All the funds have to be loaded onto the card before it can be used to make a deposit. Once the funds have run out, it’s not directly attached to a bank account and cannot therefore be used indefinitely. Instead, you will need to go back and load more funds onto it. This makes it a great option for anyone trying to budget and play more carefully when gambling online.
