How to avoid double conversion on deposit
How to avoid double conversion on a casino deposit
Double conversion is one of the most frequent and invisible reasons for financial losses of players in online casinos. It occurs when the deposit currency goes through several stages of conversion: first in the currency of the bank or payment system, then in the currency of the casino. In Australia, this problem is relevant for users of international services, cards and electronic wallets.
1. What is double conversion
Double conversion occurs if:
As a result, the player pays commissions both on the first recalculation and on the second, and the total deposit amount decreases.
2. Main causes of occurrence
Using cards without multicurrency support. Many Australian banks default to USD or EUR payments.
Choosing a casino with a limited list of currencies. If the site does not support AUD, the deposit is automatically recalculated.
E-wallets with no foreign exchange balance in AUD. Skrill, Neteller and others often recalculate through USD.
Incorrect payment method setup. The player chooses a currency other than AUD, which causes an extra exchange.
3. How to avoid double conversion
3. 1. Choose AUD-enabled casinos
Many licensed Australian online casinos accept AUDs directly.
This eliminates the second recalculation and saves up to 3-5% of the deposit amount.
3. 2. Use multicurrency cards and accounts
Banks like Wise or Revolut allow you to keep your balance in different currencies.
AUD can be converted to casino currency at a favorable rate before deposit.
3. 3. Set up currency in e-wallets
In Skrill, Neteller, ecoPayz, you can select AUD as the main account currency.
This reduces the risk of conversion upon admission to the casino.
3. 4. Check PayID, POLi, Osko terms
These methods in Australia work directly with AUD and eliminate unnecessary recounts.
Suitable for those who want to avoid hidden fees.
3. 5. Learn casino rules in advance
The "Payments" section always indicates in which currencies deposits are accepted.
If AUD is not supported, it is better to choose a different casino or a suitable method.
4. What to look for when choosing a method
Bank fees. Find out what currency international transactions go through.
Exchange rate. Sometimes the "zero commission" is compensated by an overvalued rate.
AUD availability. It is optimal to use methods that work directly in Australian dollars.
Output capability. The deposit method must match the cashout method, otherwise conversion may occur again during output.
Conclusion
You can avoid double conversion on a deposit by choosing a casino with AUD support in advance, using multicurrency cards or e-wallets with a balance in Australian dollars, as well as using local payment solutions like PayID or POLi. Competent setup of the payment instrument allows you to save up to 10% of the deposit amount and makes playing in a casino more profitable.
Double conversion is one of the most frequent and invisible reasons for financial losses of players in online casinos. It occurs when the deposit currency goes through several stages of conversion: first in the currency of the bank or payment system, then in the currency of the casino. In Australia, this problem is relevant for users of international services, cards and electronic wallets.
1. What is double conversion
Double conversion occurs if:
- 1. The bank debits the funds in AUD and transfers them to USD or EUR.
- 2. The casino only accepts the deposit in USD/EUR and then recalculates it back to AUD.
As a result, the player pays commissions both on the first recalculation and on the second, and the total deposit amount decreases.
2. Main causes of occurrence
Using cards without multicurrency support. Many Australian banks default to USD or EUR payments.
Choosing a casino with a limited list of currencies. If the site does not support AUD, the deposit is automatically recalculated.
E-wallets with no foreign exchange balance in AUD. Skrill, Neteller and others often recalculate through USD.
Incorrect payment method setup. The player chooses a currency other than AUD, which causes an extra exchange.
3. How to avoid double conversion
3. 1. Choose AUD-enabled casinos
Many licensed Australian online casinos accept AUDs directly.
This eliminates the second recalculation and saves up to 3-5% of the deposit amount.
3. 2. Use multicurrency cards and accounts
Banks like Wise or Revolut allow you to keep your balance in different currencies.
AUD can be converted to casino currency at a favorable rate before deposit.
3. 3. Set up currency in e-wallets
In Skrill, Neteller, ecoPayz, you can select AUD as the main account currency.
This reduces the risk of conversion upon admission to the casino.
3. 4. Check PayID, POLi, Osko terms
These methods in Australia work directly with AUD and eliminate unnecessary recounts.
Suitable for those who want to avoid hidden fees.
3. 5. Learn casino rules in advance
The "Payments" section always indicates in which currencies deposits are accepted.
If AUD is not supported, it is better to choose a different casino or a suitable method.
4. What to look for when choosing a method
Bank fees. Find out what currency international transactions go through.
Exchange rate. Sometimes the "zero commission" is compensated by an overvalued rate.
AUD availability. It is optimal to use methods that work directly in Australian dollars.
Output capability. The deposit method must match the cashout method, otherwise conversion may occur again during output.
Conclusion
You can avoid double conversion on a deposit by choosing a casino with AUD support in advance, using multicurrency cards or e-wallets with a balance in Australian dollars, as well as using local payment solutions like PayID or POLi. Competent setup of the payment instrument allows you to save up to 10% of the deposit amount and makes playing in a casino more profitable.
