You need to carefully consider the different factors discussed above. These include transaction times, cost (best if this is free), security and privacy. You also need to consider the minimum and maximum amounts this payment method allows for deposits and withdrawals and whether this fits your needs.
Yes it is, provided that the casino website that you visit uses good encryption technology to keep your data safe. Check that the site is encrypted to ensure optimum safety as described above.
The answer to this is, no. Some payment options, such as prepaid cards and the Pay by Phone option, only allow you to make a deposit. This means that you must always have an alternative way of receiving a withdrawal should you get lucky and win big. Given the variety of payment methods available, there is bound to be an option for you.
More and more people are using e-wallets because they offer convenient, easy-to-use, fast, fee-free transfers of funds. Additionally, there is no need to enter personal data.
Both credit and debit cards remain a widely used method for depositing funds at an online casino. Almost all casinos in NZ accept these traditional payment methods and, for some people, it remains the preferred way to top up their casino accounts. And pretty much everyone of gambling age in NZ has a credit or debit card.
Universally accepted, the Visa credit card is a very convenient way to make a deposit to your account. Usually, there is no transaction fee when using your Visa card as a payment method. Funds typically appear almost straight away in your casino account.
As the second largest credit card company in the country, many Kiwis have a Mastercard. Similar to the Visa card, there is usually no transaction fee and funds should appear pretty much straight away. With a massive choice of online casinos accepting this option, Mastercard is a safe and secure way to make a deposit.
This is a debit card from Visa. The difference being that when using your Visa Electron, you need to make sure that the funds are available in your bank account, otherwise the transaction may not go through. Widely accepted at many online casinos, making a deposit by Visa Electron is a good option for many people. It should be free to make a deposit using this payment method and money should appear almost instantly in your online casino account.
The Maestro card is a debit card from Mastercard. Again, funds must be available in your bank account before a payment can be made using this card. Maestro also has a prepaid card that players can use to top up their casino account.
Some people who play at online casinos prefer to use prepaid cards instead of other payment methods. A popular card used by NZ players is Paysafecard. This prepaid card uses a 16-digit PIN code, making it secure for use at online casinos. And it is a robust payment method, being part of the massive PaySafe group.
Prepaid cards certainly have their advantages in that they can help some players to control their spending amounts better. Since you have to buy the prepaid card in advance, it can make budgeting and setting gambling limits that bit easier.
Increasingly used by the younger generations, digital wallets and e-wallets are a commonly used payment method thanks to their ease of use and great accessibility. E-wallets can also be used to make payments and withdrawals from a smartphone or computer.
Both a digital wallet and an e-wallet, PayPal is the most commonly used e-wallet in the world. This payment platform is well-liked for its fast transactions and secure platform. As such, PayPal is widely accepted at online casinos. Funds can be stored directly in your PayPal account. However, remember that you must still have a bank account linked to your PayPal account.
Founded in 2001, Skrill is a very safe payment option for playing at online casinos. One of the great advantages of using Skrill is that you do not need to enter your personal data onto websites online. What’s more, Skrill operates under NZ regulations, meaning that you can rest assured the security is good. Like the Paysafecard, it is also owned by the PaySafe Group.
It’s easy to open a Skrill account, taking just a few minutes. Once your Skrill wallet is set up, you can transfer money from your bank or a prepaid card. Then you can make deposits and withdrawals to and from your online casino account. Transactions, including paying and receiving money and even sending money to an international bank account, are generally fee-free. Additionally, transactions are usually instantaneous.
Another very common e-wallet, Neteller has been in business since 1999. In the last 25 years, Neteller has become a leading global payment platform. It is also part of the PaySafe Group, so users can rest assured that this platform is safe and secure thanks to the stringent regulations governing its operation.
Similar to Skrill, Neteller transactions are instantaneous and free of charge. Accepted in 80% of online casinos worldwide, players will find that most NZ casinos accept Neteller as a payment method.
This is another popular e-wallet that enables players to send and receive payments in different currencies. EcoPayz is a highly secure and reliable payment platform, which has contributed to its increased use in NZ casinos.
If you use an Android device, then Google Pay allows you to make deposits into your casino account and also receive withdrawals. Note that you need to have a bank account linked to your Google account to use this method.
For players with iPhones or iPads, Apple Pay is a super convenient method for making a deposit. Simply use the AppleTouchCode to confirm the deposit and the funds will immediately be sent to your casino account.
A relatively new payment method, Pay by Phone essentially allows you to make a deposit to your online casino account through your mobile phone provider. This method enables users to make very small deposits (as low as NZ$5), which will then appear as a charge on your next phone bill.
Using this method means you do not need to create an e-wallet account or even open a bank account. You will need either an Android phone or an iPhone. To use this payment method, select the pay-by-phone method at the online casino site. Once you’ve added the amount you wish to deposit, then you get a confirmation code on your mobile phone, which you must input on the casino site. This is a particularly popular payment method in NZ.
Another well-known Pay by Phone service in NZ, Boku also allows users to make small deposits to their online casino accounts. Transactions are limited to NZ$10 per time, with a minimum spend of NZ$5 and a NZ$30 maximum per day. Simply select Boku as a payment method, add the amount you wish to deposit and enter the confirmation code that will be sent to your mobile phone.
More casinos are accepting Boku as a payment method and, whilst Boku does not charge a transaction fee, be sure to double-check whether the casino charges a fee.
This is a Swedish company that is now becoming more popular thanks to its Pay by Phone service. Similar to Boku, once you’ve created an account with them, you can make deposits to your online casino account using a unique code for each transaction.
Another Pay By Phone payment service, Payforit allows users to safely deposit money to their online casino accounts. With a low limit of NZ$30 per transaction and per day, Payforit is extremely popular among NZ players.
Having taken the world by storm, more and more people are embracing cryptocurrencies. Especially popular in online casinos, crypto is a highly appealing method of making a deposit and claiming a withdrawal. This is because crypto has a strong emphasis on privacy and anonymity.
As such, these qualities are important for some players who wish their gambling activities to remain private. Furthermore, cryptocurrencies offer very fast transaction times, usually effectively instant, which is obviously very convenient. Crypto transactions are also very secure and there is no need to enter any personal data when using crypto as a payment method.
There are now many different cryptocurrencies available on the market. We will discuss the main cryptos commonly used by online casinos in NZ.
The original cryptocurrency, Bitcoin (BTC) uses blockchain technology to provide very fast and reliable transactions. Many Bitcoin casinos offer great bonuses and other offers to attract players who use crypto.
It is important to note that rate volatility is a potential issue, as the value of BTC can vary wildly depending on the market. As a result, players can see their earnings impacted if the BTC value changes drastically and very quickly.
As an altcoin (meaning a non-BTC crypto), Ethereum (ETH) is the second largest cryptocurrency by market value. Like BTC, it is also a decentralized blockchain currency. Widely used in many online casinos, it is liked for its incredibly high-speed transactions. Players need to have an ETH wallet from which they can make instant deposits to their casino account. Withdrawals require a number of confirmations before the requested amount of ETH will be transferred from their casino account to their ETH wallet, but these normally take just minutes.
Probably the least preferred payment method for users of online casinos, bank transfers are best used when you can’t use any other payment method. Transaction times can be slow, often as long as 7 working days, depending on your bank. Plus, there may be a bank transfer fee, which will vary according to your bank.
Nevertheless, there are still some people who like to use bank transfers because they are straightforward and a well-established, secure payment method. But the number of people who use this payment option has certainly decreased as other payment methods have been introduced that are quicker and cheaper.
All casinos impose varying deposit and withdrawal limits. There will usually be a minimum deposit limit such as NZ$5 in place. Most casinos also offer a range of bonus deals, and there is usually a minimum deposit value, such as NZ$20, that must be met in order to be eligible for the bonus. Many online casinos also impose a maximum deposit value for each transaction.
Similarly, when requesting a withdrawal, there will typically be a minimum limit, which might be as low as NZ$10. However, some online casinos impose a relatively high minimum withdrawal limit of as much as NZ$100. Alongside this, there will be a maximum withdrawal limit per transaction, as well as daily, weekly and even monthly withdrawal limits.
Some online casinos have high deposit and withdrawal limits as they aim to attract the high rollers, with other casinos having much lower limits as they aim to attract a wider range of players.
It is important to check these limits before deciding to play at an online casino to save yourself a headache down the line.
One of the main points for consideration by players is the amount of time it takes to make a deposit or withdrawal to or from your casino account. The answer to this obviously depends on the payment method chosen, but also on the casino.
Nowadays. many people want to see instant transactions, whereas previously, it was perfectly acceptable to have to wait a few days for transactions to clear. As technology has greatly improved financial systems and payment methods, fewer people are happy to accept transfers that take days to clear.
Fortunately, most casinos offer instant deposits. However, for withdrawals, reputable online casinos will still impose a pending period, regardless of the payment option chosen. This pending period allows the casino to run various checks such as KYC verification. Checks are also important if a player has taken advantage of a bonus offer, as the casino must verify that all wagering requirements and any other terms and conditions have been met before any winnings can be released. The pending period also gives players the chance to reconsider their withdrawal request.
Once this pending period is over, the amount of time taken to process the withdrawal request and make the transfer depends solely on the payment method chosen. This can vary from as little as a few minutes for cryptocurrencies up to several day for bank transfers. Speed is particularly pressing for some payment methods, especially for cryptocurrencies where their value can change drastically in very short periods of time.
As with engaging in many different types of online activity, choosing which online casino to play at needs to be done carefully. There are a few things that you should consider when deciding where to play, which can influence the safety of your activities.
It is important to ensure that the casino holds a valid casino operating licence. This shows that the casino operates with a regulatory framework and can be held accountable for its business practices.
Players should also make sure that the casino has strict online security measures, which are especially necessary when making financial transactions. Ideally, all online casinos should use secure socket layer (SSL) encryption. In a nutshell, this encryption provides a secure layer between your browser and the casino’s server, meaning it is more difficult for any third parties to intercept and decipher the content. For financial transactions, this is obviously of paramount importance to prevent your sensitive financial data from falling into the wrong hands.
You can tell if a website employs SSL encryption by checking the website address. If you see a padlock in the web address bar, if the website starts with “https”, instead of “http”, then you know the website uses SSL.
Another security measure often imposed as part of regulatory requirements, is the Know Your Customer (KYC) verification process. Casinos ask players to provide them with proof of identity, including proof of address. The purpose of this is to reduce the occurrence of money laundering and other criminal activities. The KYC verification process is usually quite fast, not taking more than a couple of business days, and often this process can be even faster. For players wanting to ensure that any withdrawal request is speedily processed, then completing the KYC process ahead of making a withdrawal request is highly recommended.
We hope that all the information above will enable you to make the best decision on which payment method you choose. You should select a payment method that is convenient to use, offers transaction limits that suit your budget and is secure, giving you peace of mind when making a deposit or withdrawal to or from your online casino account. Nowadays there are a multitude of options to choose from. Simply make sure that your chosen casino offers your preferred payment option.
