E-Wallet Showdown: PayPal, Skrill, and Neteller for Aussie Gamblers

In Oz online gambling, the secret to a secure and hassle-free gaming experience lies in selecting a safe and quick e-wallet to fund casino deposits and withdrawals. Let discuss the three top-rated e-wallets – PayPal, Skrill, and Neteller – and their characteristics, merits, and demerits so that you can make an informed decision.

E-wallets for casino players in Australia

Key Factors When Choosing an E-wallet

To select an appropriate e-wallet, affordability and ease of use should guide you. To determine whether a wallet is for you, consider it in terms of such characteristics:

  • Transaction speed;
  • Commission fees;
  • Security;
  • Usability. 
Highlights of electronic payments for online casinos

PayPal, Skrill or Neteller: comparison of basic parameters

When choosing an e-wallet for gambling, it is important to know the strengths and weaknesses of each. The table below describes the characteristics of payment systems that will help you choose the right option.

Comparison of electronic payments for Australian gamblers

ParameterPayPalSkrillNeteller
Transaction SpeedInstant deposits; withdrawals usually within 24 hoursInstant deposits; withdrawals within 1–2 business daysInstant deposits; withdrawals within 1–2 business days
FeesCurrency conversion fee up to 3%; withdrawal to bank account fee up to 1%Internal transactions fee around 1.45%; currency conversion fee up to 3.99%Internal transactions fee around 1.45%; currency conversion fee up to 3.99%
SecurityHigh-level encryption; buyer protection programTwo-factor authentication; FCA licenseTwo-factor authentication; FCA license
AvailabilityAccepted in a limited number of online casinos in AustraliaWidely used on gaming platforms; supports 40+ currenciesPopular among players; supports 28 currencies
Additional ServicesNo loyalty program; integration with eBay and other platformsKnect loyalty program; option to obtain a prepaid MastercardVIP program with levels from Bronze to Diamond; Net+ prepaid Mastercard
  • PayPal

    Features of transactions with PayPal

    Established in 1998, PayPal is one of the world’s most recognizable e-wallets, offering rapid deposits and rapid withdrawals to suit players and a shopper protection scheme for increased security in case of a difference with sellers.
    However, not every Australian online casino offers PayPal support and payment of up to 3% transfer fee when making currency transfers.

  • Skrill

    Features of transactions with Skrill

    Skrill has historically been associated with online gambling and betting websites, some offering bonuses for using Skrill to make a deposit. Further, the Knect rewards program enables you to earn points for your transactions and exchange them for rewards. The second benefit is the payment method in 40 currencies.
    Among the disadvantages of Skrill is – an internal transfer fee of approximately 1.45% and a maximum of 3.99% for exchange. There is a monthly charge if there is no transaction for 12 months.

  • Neteller

    Features of transactions with Neteller

    Similar to Skrill, Neteller is also common in online gambling. The payment option is popular for its speed and reliability among gamblers. On top of that, the payment system users become members of the VIP program with Bronze up to Diamond level and several perks, such as lower fees and higher transaction amounts.
    For ATM cash managing and withdrawing, you can ask for a prepaid Net+ Mastercard: It is convenient for managing and withdrawing your cash from ATMs. Neteller’s flaws are the same as Skrill’s.

Expert Opinion

It is easier for me to make online casino payments using Skrill. Its specialization in the gaming community, rewards feature, and multicurrency option make it an effortless and profitable way for me to make payments. However, the needs and requisites of personal requirements must be considered when selecting payment options.