This article will provide information on how international players deposit over $100k at online casinos. This site and page is intended for international players only. Australians cannot legally play or deposit at online casinos, as of September, 2017.
When it comes to depositing large sums, players opt for several different options including e-wallets and bank transfers. Not every online casino caters for high-stakes and large deposit players which is why we recommend just three casinos if you are depositing over $100,000.
Each of the above casinos have long and strong histories in the interactive gaming industry which is important when you’re talking about investing a large sum of money online. There is more about each of these respective casinos further down the page.
Bank wires & e-wallets for 100K players
Depositing big amounts of real money at online casinos can be daunting. But there are a number of services that you can use to make sure that your transactions are safe and secure. The two safest options and ones we recommend using are a wire service and e-wallets.
How to wire large sums to an online casino
The most simple, efficient and cost effective way to transfer thousands of dollars to an online casino is via a wire service.
The benefits of wire transfers are they are generally not capped by your bank, they send money directly to the casino and the flat fee for wiring money is usually cheaper than the percentage fee other deposit methods use.
Most banks and credit unions offer wire services which can take just a few hours to process. You are basically sending money from one bank account to another. One such payment system is POLi.
Most AUD casinos support the use of POLi which allows customers to transfer money directly from their online bank account to the casino in an instant manner. Because this method is using the ‘third party payment’ option in your online banking there can be daily limits on POLi. These are set by your bank, not POLi.
With a traditional money wire there is no limit. The first step in starting a money wire is to sign up at a trusted online casino. You then need to ensure you have enough funds in your account. You then need the details of the recipient. For instance if you were aiming to wire money to Royal Vegas Online Casino you would need their account details. Generally when you go to the cashier section of an online casino you will see the money wire or bank transfer options. The casino will provide the instructions (including their account details) to successfully carry out the transfer in this section. These types of transactions can take longer than using a debit or credit card.
If the bank you use does not have a reciprocal agreement with the online casino’s bank account they will use a third trusted bank to facilitate your transaction.
Depositing $100k at online casinos with e-wallets
An e-wallet is basically an online bank account that allows you to spend your own money, once deposited into the account, like a credit card. We believe the safest and best e-wallet options for a player depositing over AUD$100k are Skrill (MoneyBookers), Neteller and Click2Pay.
The main difference between an e-wallet and a credit card is that there are fewer restrictions with the former. Generally a credit card has a capped limit which is not in the vicinity of $100k and banks can also be loath to allow customers to deposit large sums to online casinos via their credit lines. While e-wallets don’t generally ask questions about where you are spending the money, although you may be required to prove your identity before making your transaction.
Each of the w-wallets we recommend depositing $100k with abide by the laws in their respective countries and have established themselves as reliable over a period of time.
Deposits over $100,000 to your Skrill account via bank transfer is no problem as long as the transaction between your bank the company is cleared. It could be as simple as calling or visiting your bank and organising the transfer into your Skrill account.
Skrill is active in combatting financial crime and abides by a strict set of guidelines which are set out in the Electronic Money Regulations 2011 (This is policed by the European Economic Union).
Another benefit of Skrill is that you are given a pre-paid MasterCard which allows you to withdraw your funds from any ATM in Australia. You can also use this card like you would an EFTPOS card.
Neteller – The beauty of Neteller is that you can make deposits in so many ways. It is a secure E-Wallet platform which allows you to sign up for free, but makes its money by taking a small commission from your deposits.
Even if you have a briefcase full of money you can deposit it into your Neteller account via the local branch of your bank. The full details of how these types of ‘Local Bank’ transactions are completed can be found on the Neteller website.
You will be required to verify your identity before you can make deposits which is in their policy to help combat the potential for money laundering.
The other options to deposit $100 thousand into your Neteller account are via bank transfer or from another E-Wallet like uKash.
Click2Pay – Their websites says: “CLICK2PAY facilitates simple and secure online money transfer. Signup for free, choose from dozens of funding options and make instant payments at thousands of websites”. So basically if you have the funds in your Click2Pay account you can deposit them instantly over to your online casino account.
Using a service like Click2Pay can give you an extra layer of protection from a potential dodgy vendor. You don’t have to give your details to each merchant, you just give them to Click2Pay and they deal with the vendor for you.
As long as you have the funds in your Click2Pay account you can deposit AUD$100k into an online casino’s account. To get the funds into your Click2Pay account you can wire the money into a German bank account (The details will be given to you when you are going through the deposit process). Because they only have an offshore account to transfer to these transaction can take longer.
The other deposit options for Australians are uKash and Credit Card but both these options are generally capped at a limit so depositing $100,000 is most likely impossible via these mediums.
Withdrawing money at online casinos
Generally online casinos will allow you to transfer money from your account to the bank account or e-wallet of your choice. Some casinos won’t allow you to withdraw money directly to the credit card you used, they instead require a bank account or verified e-wallet.
Remember, if you’re considering making a deposit to an online casino make sure that you have the ability to withdraw the money. (Eg. you have enough ID to verify your account).
What is the best high-stakes online casino?
High stakes online casinos are only available to international players. If you are an international player and you’re going to deposit $100,000 to an online casino you want to be sure that your money is going to a reputable vendor. Always do your research.
The reasoning behind us endorsing the three casinos we do for high-stakes punters is that each has a respected history and has the ability to hold large sums of money. These casinos have been operating for long enough to have built a solid reputation for themselves.
Royal Vegas Online Casino – Is one of the most respected online casinos out there. Its reputation has been built over 10 years rather than 10 minutes which immediately should give you confidence that it is safe. The casino is powered by Microgaming and the downloadable casino suite has plenty of deposit options for $100k plus players. These include respected web wallets and e wallets like Paypal and Skrill. They also boast a strong rewards program which will give you plenty of free bets if you are looking to deposit over $100k.
Guts Online Casino – Guts has more than 500 casino games including progressive pokies, 3D Virtual Slots and classics like blackjack, roulette, baccarat, video poker, bingo, keno, scratch cards and many more. The beauty of Guts is that it has drawn on several different software platforms to pad out its games catalogue so it has more games and options than any other online casino we endorse. In terms of depositing $100,000 they have Neteller and Skrill available. They use 128-bit Secure Sockets Encryption technology so all banking transactions are secure.
Jackpot City Online Casino – Like Royal Vegas, Jackpot City is a Microgaming casino and is part of a larger group called Digimedia. Jackpot City Casino has slots and all of the table games you could require. There are hi and low limit tables so 100k + players are catered for. Depositing money is simple with Neteller, Click2Pay and Skrill all available while cash outs are fast and secure. Jackpot City Casino is licenced in Malta and governed by eCOGRA, an independent auditor, so you can rest assured that they are a legitimate operator.