Output in local currency vs in USD/EUR
Displays local currency wins vs in USD/EUR
Australian players are often faced with the choice of withdrawing winnings in Australian dollars or using international currencies - USD or EUR. The difference can be significant, since the total amount is affected by fees, exchange rate and transaction processing speed.
1. Direct output to AUD (local currency)
The Australian dollar withdrawal has a number of advantages:
Disadvantage - not all casinos support AUD as a currency for withdrawal. In this case, the player will have to use alternative options.
2. Output in USD or EUR
Many casinos use US dollars or euros as the base currency:
Australian players are often faced with the choice of withdrawing winnings in Australian dollars or using international currencies - USD or EUR. The difference can be significant, since the total amount is affected by fees, exchange rate and transaction processing speed.
1. Direct output to AUD (local currency)
The Australian dollar withdrawal has a number of advantages:
- No double conversion. The casino transfers money directly to AUD, and no additional exchange is required through the bank or payment system.
- Simplicity for tax and accounting. The statement immediately reflects the amount in national currency, without recalculation.
- Enrollment rate. Banks within Australia are faster at processing transfers to AUDs than international transactions.
Disadvantage - not all casinos support AUD as a currency for withdrawal. In this case, the player will have to use alternative options.
2. Output in USD or EUR
Many casinos use US dollars or euros as the base currency:
- Advantage: the ability to work with international payment systems that most often use USD/EUR. Disadvantage: the player faces a mandatory conversion to AUD when funds are credited to a card or account. This means:
- the bank applies its own rate (often less favorable than the market rate);
- International transfer fees may apply
- enrollment rate may be lower (2 to 5 business days).
For electronic wallets (Skrill, Neteller), the situation is simpler: they allow you to store your balance in USD or EUR and convert only if necessary.
3. Fees and hidden costs
Casino: May charge a flat fee for international transfers.
Banks: add a mark-up on the exchange rate (from 1% to 4%).
Electronic wallets: charge up to 2-3% for conversion if the account currency differs from the withdrawal currency.
As a result, at large amounts, conversion losses can be significant.
4. When AUD is more profitable, and when USD/EUR
AUD is more profitable if the casino supports this currency for withdrawal - the transaction is faster and cheaper.
USD/EUR is more profitable if the player plans to use money outside Australia (for example, for purchases or investments in foreign currency). It is also convenient for those who use international wallets without converting to AUD.
5. Practical advice to players
1. Choose AUD-enabled casinos - it's always easier and safer.
2. Compare the fees of banks and wallets before choosing a withdrawal currency.
3. Use multicurrency accounts or cards to minimize conversion losses.
4. Keep screenshots of transactions to have confirmation of the amount before and after the exchange.
Result
Withdrawal to AUD is the optimal solution for most players, as it eliminates unnecessary commissions and speeds up enrollment. Withdrawal in USD/EUR makes sense only in cases where the Australian currency is not supported or the money is needed in foreign currency. Choosing the correct withdrawal currency directly affects the total amount and the convenience of winning.
