Getting money into and out of your betting account should be fast, secure, and convenient. Australian punters have several options, from traditional bank transfers and POLi payments to modern cryptocurrency solutions. Here is everything you need to know about betting payment methods in Australia for 2026.
POLi
Best for: Instant deposits directly from your Australian bank account
POLi is the most popular deposit method at Australian betting sites. It works with all major Australian banks (Commonwealth, Westpac, NAB, ANZ, and more). Deposits are instant and there are no additional fees. POLi is available at PlayUp, BetRight, Palmerbet, Neds, and most other Aussie bookmakers.
Bank Transfer (Direct Deposit)
Best for: Large deposits and withdrawals
Direct bank transfer is widely supported. Deposits are processed within minutes at most bookmakers, while withdrawals take 1-3 business days. Some sites offer same-day withdrawals for a small fee.
Credit and Debit Cards
Best for: Convenience (Visa and Mastercard)
Visa and Mastercard are accepted at most Australian betting sites. However, some Australian banks now block gambling transactions on credit cards. Check with your bank before depositing.
Cryptocurrency (Bitcoin, Ethereum, USDT)
Best for: Fast, anonymous, and low-fee transactions
An increasing number of betting sites accept cryptocurrency. Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) are the most common. Crypto deposits are instant and withdrawals are typically processed within hours. Recommended for non-BetStop sites and international bookmakers.
PayID / Osko
Best for: Fast Australian dollar transfers
PayID (powered by Osko) allows instant AUD transfers between Australian bank accounts using just an email or phone number. Several betting sites now support PayID deposits and withdrawals for same-day settlement.
Apple Pay and Google Pay
Best for: Mobile punters
Apple Pay and Google Pay are accepted at select betting apps, allowing you to deposit in seconds using your stored card details. Withdrawals are processed back to your bank account rather than the digital wallet.
Payment Method Comparison Table
| Method | Deposit Speed | Withdrawal Speed | Fees | Min Deposit |
|---|---|---|---|---|
| POLi | Instant | N/A (deposit only) | Free | $10 |
| Bank Transfer | 1-30 min | 1-3 days | Free / $5 | $20 |
| Visa/Mastercard | Instant | 1-3 days | Free | $10 |
| Bitcoin | Instant | 1-12 hours | Network fee | $20 equivalent |
| PayID | Instant | Same day | Free | $10 |
| Apple Pay | Instant | N/A | Free | $10 |
Tips for Smooth Transactions
- Verify your account before withdrawing (ID check is standard)
- Use the same method for deposits and withdrawals where possible
- Check for minimum and maximum withdrawal limits
- Crypto withdrawals usually have the lowest fees and fastest processing