PayPal is an electronic money transfer service owned by the world’s largest online auction website, eBay. Because of its connection to eBay, PayPal became one of the Internet’s leading payment options. The company’s yearly revenue is over $6 billion a year, and it is used by online vendors in 193 countries worldwide. Of the 447 various online gambling sites which accept PayPal payments, 206 of those websites accept Australian punters.
A handful of those sites are Microgaming-powered online casinos like Spin Palace Casino, Mummy’s Gold, and Cabaret Club. If you want to make a deposit to a trustworthy Aussie-friendly casino and gamble on the online pokies, PayPal is a payment option.
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Spin Palace accepts Paypal and a wide array of deposit alternatives to Australian punters in 2014.
Alternatives to PayPal Deposits
At the same time, a number of PayPal pokies alternatives exist in Australia, due to the national government’s own policies. One of the reasons PayPal became so popular in other companies is due to the way eBay pushed the service on its vendors and bidders. If you want to have an auction on the site, it’s a lot more convenient to use PayPal. If you want to bid in auctions and purchase what you win, it’s simpler to use PayPal. With such influence on its side, PayPal competed with and helped put out of business rival services like Citibank’s c2it, Google Checkout, Yahoo!’s PayDirect, Western Union’s BidPay service, and Billpoint.
Australian consumers and the lawmakers who respond to their wishes did not like eBay using its influence to push its money service. In 2008, the Australian Competition & Consumer Commissionforced eBay Australia to allow other payment options. Credit cards, money orders, bank deposit, bank cheques, and escrow are a few of those alternatives. That legal action has had a cascade effect in the Land Down Under, meaning PayPal does not dominate the various industries which use online transactions in Australia. In short, those who want to gamble on the virtual poker machines from an IP address in Australia have plenty of alternative payment options. Below is a list of the choices you have.
Centricom Ltd, better known as POLi, is an Australian company that has been around since the final years of the 20th century. POLi is a preferred payment method for people in Australia and New Zealand. 234 separate electronic gambling sites use POLi deposits. Even better, most Aussie and Kiwi online merchants use the service, so it doubles up as a payment method for your other online transactions.
As you might have noticed from the name, UKash is a UK-based online voucher system. Instead of having a web wallet which stores money for you, a gambler purchases the voucher and receives a unique 19-digit voucher code. When you decide to make a purchase, you input the Ukash code and that amount of money is paid (provided you have enough to cover the transaction). If you have any cash left over, an all-new code is printed out for you with the remaining funds listed on it. Ukash is purely a deposit option, so no withdrawals are allowed. On the positive side, Ukash won an award in 2011 bestowed by the Queen of England herself.
Skrill might sound like an electronic musician, but it’s instead a payment service out of the United Kingdom. In fact, this is the company once known as Moneybookers. Moneybookers Limited began in 2001 as an online payment website. By 2007, it was one of the largest services used by depositors (including online gamblers), and was bought by a company from the United Arab Emirates for over $100 million.
It was the UAE-based company which rebranded the service Skrill, first as a name for Moneybookers’s mobile payment service, and later as the new brand name of the company. In 2013, Skrill was purchased by CVC Management Partners, a private equity company which began as a part of Citicorp, the American finance company. These days, Skrill either owns or is partnered with half of the e-wallets in the online gambling business. You’ll see many companies that are “powered by Skrill”, such as Nordea, Carta Si, Dankort, P24, and GiroPay.
Maestro is the debit card issued by MasterCard. If you want a payment method and don’t have good credit, few alternatives are better than a Maestro debit card. These prepaid cards are accepted at most vendors who accept MasterCard, including most online pokies websites.
VISA has more debit and prepaid options than MasterCard. For instance, a site like Spin Palace allows VISA debit, VISA Electron, and Solo. Some websites still advertise for Switch, but I’m pretty sure this method has been renamed over the years and those web pages simply haven’t been updated yet.
Reverse Withdrawal Request
You might be wondering what a “reverse withdrawal request” is. This is simply a way to refund your account by putting a stop on a withdrawal request. Most of these transactions have a grace period, with 24 hours being a common amount. The fact is, online casino operators would prefer you keep your gaming money in their website. Therefore, they make it easy for you to change your mind.
In fact, some online poker machine casinos offer a reverse withdrawal request bonus these days, believe it or not. Such alternatives are a source of controversy among the player community. As you might imagine, some gamblers think they can perform these transactions and get additional house money for their gambling. It’s possible, but online casinos will investigate to make sure you made the request by mistake and not simply to get the bonus, which sometimes can equal a substantial percentage of the money you’re withdrawing.
More Online Banking Options
This really is just the tip of the proverbial iceberg when it comes to payment options. Neteller, Eco Card, ClickandBuy, Click2Pay, Entropay, Ezipay, and Instadebit also work for deposits. One reason so many of these electronic cash transfer services are viable alternatives to PayPal is the fact they also accommodate withdrawals.
In Australia, you can use Visa, Visa Debit, Neteller, and Skrill to cash out your winnings, too. PayPal is great for funding your account, but won’t be useful for withdrawing money.
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