Online Casino Payment Methods and Banking in NZ
Is the idea of playing at an online casino fascinating? Have you ever wondered what banking options are available at New Zealand online casinos? Well, you’re in luck! We comprehensively provide answers below, including information about general payment processes, requirements, and deposit and withdrawal options you can choose.
Most Popular Casino Banking Options in New Zealand
Casino Banking Methods Explained
Speaking of different casino banking methods, some options are strictly for depositing funds only, whilst some can be used for both deposits and withdrawals. We have elaborated on the most common and widely used methods below:
Using credit cards at online casinos is one of the most popular options for Kiwis. To deposit using credit cards, you will be required to enter the card number, CCV, the expiration date, and the amount you want to deposit. In some casinos, you may get a bonus for using this payment method; be on the lookout for this when selecting a banking option as you might receive additional bonuses!
Withdrawing funds from the casino to your credit card is pretty straightforward. You will usually get an instant payout or wait a maximum of 3 days, depending on both the casino you are withdrawing from and the credit card company you are through.
For debit cards, you first load or transfer the desired amount onto the cards via their attached bank account. American Express, Visa, and Mastercard are some that casinos easily accept, particularly at Maestro casinos. It is advisable to have a separate debit card if you intend to use several casinos for gambling activities. This option is purely for depositing only for most New Zealand online casinos.
For prepaid cards, like Visa’s Prezzy Card, you first load the cards with your desired amount before using them as a deposit option. You can purchase these cards at local gas stations and convenience stores, using the PIN provided to activate and use your card for your online casino account. This method is only valid for deposits since you cannot withdraw money to a prepaid card. An advantage for this type of method is that it is entirely anonymous, and you have more control over how much you spend. The added physical effort to go out and retrieve a card is more mentally trackable than simply transferring money online, and you can choose exactly how much you want to gamble at any given time.
Many digital wallets like Skrill, Neteller, PayPal, and ecoPayz are great for online gaming since you can move money from your eWallet simply using your casino account. In most cases, the services are instant, and there is no charge for the deposit transactions.
Since there are several options available for eWallet payments, the withdrawal process depends on the eWallet you use. For example, PayPal may incur a transaction fee and take a few days to process whereas Skrill may only take several minutes with no charge incurred. These options are the fastest withdrawal methods at online casinos for Kiwis.
Some casinos accept digital currency as a depositing method; this is where you can take advantage of cryptocurrencies like Bitcoin, Ethereum, Dash, and many more. To complete the depositing process, you need a crypto wallet address to initiate the transfer. When playing at a Bitcoin casino, it is worth noting that their value may be volatile; something to consider when doing these transactions.
Cryptocurrency users are not left behind regarding withdrawing cash; depending on your chosen currency or company, the withdrawal process differs with transaction fees and processing times. Simply provide the necessary details and wait for your cash!
Wire transfer, also known as bank transfer, is a method where you transfer funds from your bank account to your online casinos bank account and vice versa. It is a great option when you want to deposit considerable cash or do not have a credit or debit card. Wire transfer is a safe method as your bank protects the transactions to ensure your money and data remains safe.
You can transfer the funds using the casino’s site directly or use your mobile device when playing at a mobile casino; many Kiwis prefer this option since more players are always on-the-go. This method essentially moves money from your online casino account to your bank account when using it as a withdrawal method. You may have to wait about 5-10 days for the money, and there are also considerably low or no fees attached to this method, depending on the bank you are with.
Depositing at an Online Casino
Finding an online casino account is straightforward. The process, though simple, may differ depending on the casino you have an account with; each establishment has varying policies regarding depositing cash. That said, we summarized the process into a few simple steps below:
- Log into or create your account at your chosen online casino
- Navigate to the casino’s “Banking” or “Cashier” section
- Choose your desired banking method from the list provided
- If prompted, input personal and financial details to confirm your identity
- Enter the amount you want to deposit
- Wait for the funds to reflect in your account and get playing!
Withdrawing at an Online Casino
Nothing feels as good as watching the money in your account increase when playing at an online casino in New Zealand; it brings an unexplainable satisfaction and joy. Actually, withdrawing all your hard-earned cash is even better! Many casinos display information like fees, minimum and maximum limits, and processing times beside each payment method; this will help you decide on the best option for you.
Using the following steps, you can withdraw your cash:
- Log into your favourite casino where your cash is stored
- Find the “Banking” or “Cashier” section
- Choose your preferred withdrawal method
- Submit the withdrawal and wait for them to reflect in your chosen banking account
The Bottom Line
With so many options for both withdrawals and deposits, Kiwi players have the cream of the crop when playing at online casinos. Keep in mind that you can always contact the customer service team if you experience any issues with your transactions or have additional questions not answered in their FAQ or Banking sections.
Note that reputable casinos will always perform identity checks to prevent any scams or fraud and remember some payment methods require a fee before completing transactions. We recommend selecting your desired currency prior to processing transactions to avoid losing money during conversion!
Not all payment methods have a “one size fits all” approach. The best thing is to compare the pros and cons of the different payment solutions your casino offers and opt for the ones that are affordable and convenient for you. Alternatively, you can experiment with different banking options until you find the one that works out best for you!
If you are gaming in a reputable casino, all payment options are safe. The best way to confirm this is by checking the licence status of the online casino, such as MGA or UKGC. Premium casinos also use data encryption to protect financial and personal data, along with SSL (Secure Socket Layers) to boost security.
Finding a casino with the specific payment method you want is simple; read through our dedicated pages on your desired online casino and preferred payment methods, or conduct your own online search for the casino that accepts your specific banking option. Remember to only sign up at a casino that has players’ interests at heart.
Many casino payment options offer fast payout options, however based on our research we recommend eWallets as the fastest payment method. These can include Neteller, Skrill, and PayPal, and especially works for withdrawals.