Credit Cards and Debit Cards are the most used method for purchasing goods and services online.
In Australia, sports betting bookmakers all accept credit or debit cards for depositing to your account. Generally only VISA or Mastercard are accepted.If you are using a Credit Card to deposit , your financial institution that issued the card will normally treat the deposit as a <strong>Cash Advance</strong>. Accordingly they will normally charge you a Cash Advance Fee and of course the interest rate applied to that deposit amount will be at the ‘Cash Advance Rate' , which is normally much higher than the Standard Purchase Rate. We could recommend using a Debit Card instead. If you are using your Credit/Debit card to deposit to a gambling / betting website located overseas NOT in Australian Dollars, then you will also be charged a foreign exchange transfer fee plus you will usually get a pretty poor rate of exchange.
PLEASE NOTE THAT SOME AUSTRALIAN FINANCIAL INSTITUTIONS PROHIBIT YOU USING YOUR CREDIT CARD TO DEPOSIT TO A GAMBLING MERCHANT. PLEASE SEE BELOW
The following financial institutions in Australia do not allow their issued credit cards to be used for Gambling:-
<li>Bank of Queensland</li>
If you have a card issued by one of the above institutions we recommend using POLI or Skrill