Every online casino NZ player knows that the game doesn’t start until you make your first deposit! It is for this reason that the payment method you choose to make your casino transactions with is extremely important. In this guide, we will give you some tips on choosing the best casino payment methods and what our favourites are. Read on and find out more!
How to Choose the Best Online Casino Payment Methods
There are so many casino payment methods available for Kiwi players to choose from and we know it can be a daunting chore, especially when you are new to the online betting world. It is for this reason that we have compiled some tips that would be helpful to you when you are making a choice!
Deposit and Withdrawal Fees
Before you choose a casino payment method, you need to find out if there are fees associated with deposits and withdrawals. Most times, online casinos in New Zealand do not charge fees for transactions. However, depending on which payment method you choose, you could end up paying extra fees to play your favourite games. Most casino payment methods do not charge fees for deposits. Withdrawals, on the other hand, could incur some. You need to choose a payment method with reasonable fees, so you can stick to your budget properly.
Payout Processing Times
One thing you should know is that all online casino games are based on luck and there is no guarantee that you will win. The main purpose of online gambling is to have fun and entertain yourself. However, we do know that winning when you are having fun is never an unwelcome prospect. So, it is important for you to choose a payment method that will let you payout your winnings quickly. We love casino banking options that pay out instantly, but we know this is not always possible. It is best to look for a banking option that will pay out within three days after your transaction request is processed.
Minimum Deposits
You might not know this, but casinos are not the only ones to put a minimum on the amount you can deposit before you start having fun. Casino banking options do this as well. This information is usually found in the ‘Payments’ or ‘Banking’ section of most online casinos. It would be best to choose a payment method that allows you to be flexible with the amounts you want to deposit, so you do not go above your pre-determined budget!
Security
When playing online, your security is paramount. Although we recommend safe online casinos, it is important for you to choose payment options that will keep your sensitive information private and safe from any third-party access. Casino banking options with SSL encryption technology are best for you. Also, it would be better for you to choose a banking option that requires authentication on every deposit you make!
Credit and Debit Cards for Casino Deposits and Withdrawals
Credit and debit cards are some of the most common casino payment methods because pretty much every Kiwi owns a debit card. Let’s have a look at some of the most popular cards that Kiwis can use to make their casino transactions.
VISA
In the online world, everyone has heard of VISA. This card is widely accepted, and you will find it at almost every online casino! Using VISA to make your betting transactions is pretty easy; all you need is your card number, expiry date, and CVV code. The minimum amount you can deposit with VISA is $5. Usually, deposits reach your account as soon as you confirm the transaction. The minimum withdrawal with a VISA card is $10, but this could also vary depending on the online casino you choose to play at. Any potential winnings could take up to 3 days to reach your account. We love the fact that VISA is safe to use at the best online casinos in NZ. This card has security features, such as tokenization, advanced EMV chip technology, and biometric tools, like fingertip and facial recognition. There are no fees on VISA deposits, but depending on the card you are using, your withdrawals might incur some extra fees.
MasterCard/ Maestro
Before we start, we need you to know that Maestro is a brand under MasterCard. It was launched in 1991 as part of their debit network. These two cards work pretty much in the same way. They are very common, so you would easily find one or the other at most online casinos in NZ. To start using Maestro or MasterCard to make your casino payments, you do not need to register for an account. Usually, these cards are given as soon as you open up your bank account. The minimum deposit you can make with these cards will depend on the casino you are signing up at: it can be anywhere from $5 to even $40. Cashouts with MasterCard and Maestro could take up to 4 days to reach your account after the withdrawal request is processed. As much as these cards are popular, Maestro is slowly dying out. It is now completely phased out in the whole of Europe.
Pros and Cons of Using Cards at Online Casinos
Visa, MasterCard, and Maestro are some of the most common casino payment methods for players to use. Just like every other payment method, these cards have positives as well as negatives. Let’s have a look at some of the pros and cons of using cards at online casinos!
| Pros | Cons |
|---|---|
| You will find cards at most NZ online casinos | You might have to pay extra fees when withdrawing potential winnings |
| Top-notch security in place to protect your data | Withdrawals might take up to 5 days to be processed |
| You can get access to bonuses and promotional offers with cards | |
| No need to register for any type of account | |
| Deposit limits are usually very high |
E-Wallets and Prepaid Cards
At almost every New Zealand casino, you will find at least one e-Wallet for Kiwis to make their casino transactions. These casino banking options do not compromise on security and that is part of the reason why players love them so much. Some of the most popular e-Wallets are Neteller, Skrill, PayPal and ecoPayz. Prepaid cards are almost just as popular as e-Wallets. They provide Kiwis with a unique opportunity to remain completely anonymous when making their casino transactions. Let’s have a look at some of the most popular e-Wallets and prepaid cards!
Skrill
Apart from being secure and fast, Skrill is also one of the most common e-Wallets. In fact, there are very few New Zealand casinos that do not have this casino payment option on offer for Kiwis. Starting your casino journey with Skrill is pretty simple. First, you would need to create a Skrill account by going to the official New Zealand website. Your account might take a while to be verified but it is for your own safety. After that, you should choose a betting site that accepts Skrill as a casino payment method. After choosing an online casino, create an account and add funds to your account and make sure that it corresponds to the minimum deposit required. After you have completed these steps, you can start playing with Skrill.
One thing that we really love about Skrill is the fact that there are no fees on deposits and withdrawals alike. In fact, major regulatory authorities, such as the Malta Gaming Authority and the United Kingdom Gambling Commission have made sure that NZ players do not have to pay fees on their Skrill transactions. Also, unlike most other e-Wallets, making deposits with Skrill gives players access to welcome bonuses and other exciting promotions. However, players should always make sure to read the terms and conditions before they claim any bonus! The minimum deposit at most Skrill casinos varies between $5 to $30. The maximum withdrawal depends on the casino’s limits. Transactions with Skrill are incredibly fast. All deposits are instant, and while withdrawals with Skrill usually reach players’ accounts instantly, they could also take up to 2 business days to be processed.
Neteller
Just like Skrill, Neteller is another widely accepted e-Wallet. In fact, you will hardly see an NZ betting site that does not have Neteller as part of its casino payment methods. This e-Wallet is one of the oldest in the world, launched in 1999, and it has been providing players with top-notch services since then. In fact, for a long while, Neteller transactions accounted for more than half of casino transactions all over the world. This e-Wallet is popular because of the security and anonymity that it offers to its players. No need to share any personal details with the online casino you choose to play at. All you have to do is create a Neteller account and the payment service will act as a middleman between you and the online casino of your choice.
Although there are no fees on deposits, withdrawals with Neteller could incur a fee. This fee is quite high (2.5% of every transaction), so it is best for you to be aware before you choose to use this casino payment method. Neteller is flexible enough to offer players the chance to start their online casino journey with as little as $10. All Neteller deposits reach casino accounts instantly. Most times, withdrawals are processed instantly as well. However, there are cases where this could take up to 2 days. Maximum withdrawal limits depend on the casino you choose to play at!
Paysafecard
Paysafecard is one of the most common prepaid cards for Kiwis to use for their casino transactions! Unlike e-Wallets, there is no need for you to create an account when you are using Paysafecard to make your casino transactions. All you need is a 16-digit voucher code that you will use to redeem your deposit. Creating an account will give you access to higher transaction limits, but it is not obligatory at all. This casino payment method is perfect for Kiwis who would prefer to play anonymously and do not want to share their sensitive financial information with any online site. You can get a PaySafeCard prepaid card at any outlet near you.
When you use Paysafecard to make your casino deposits, there are no fees. All you have to do is recharge your card and enter the 16-digit code. All deposits done with this casino banking option are instant. Paysafecard is perfect for casual players who absolutely do not want to go above their spending budget. There is a daily limit of $30 to $50 on Paysafecard transactions. This prepaid card is a deposit-only method, so you would have to choose some other payment option to withdraw any potential winnings!
EcoPayz
Almost as old as Neteller, ecoPayz is another safe casino payment method for all Kiwi players. Previously known as ecoCard, this e-Wallet launched in 2000 and has been making transactions a lot easier for online casino players. Using ecoPayz is extremely uncomplicated. All you need to do is create an ecoAccount and you can start making transactions with this casino payment method. When you use ecoPayz, you can request a prepaid card. This prepaid card is just as efficient and easy to use as the e-Wallet. ecoPayz withdrawals to your bank account could incur a fee.
Pros and Cons of Using e-Wallets and Prepaid Cards at Online Casinos
| Pros | Cons |
|---|---|
| They have some of the best security for user data | Deposit-only options, so you will need to choose another withdrawal method |
| They process payments and transactions quickly | Not eligible for welcome bonuses and promotions |
| No need to reveal any sensitive financial information | |
| Give players control over their bankroll and budget |
Apple Pay
Apple Pay is one of the most efficient casino banking options in the betting world, although it is relatively new. iOS users might already be familiar with this payment method. Although not a lot of New Zealand casinos accept it, it is easy and convenient to use. Apple Pay comes along with iOS-powered devices and there is no need for players to create an extra account. This payment method works with the following devices: iPhone 6 and newer, Apple iPad Pro, iPad Air 2 and iPad mini 3 and newer), Apple Watch Series 1 and Newer, and any Mac model (2012 or newer). There are no fees on Apple Pay transactions, and all withdrawals and deposits reach your account instantly. Players have the option to add several cards and bank accounts to their Apple Pay wallets. Using this casino payment method to make your deposits will give you access to welcome bonuses and any subsequent promotional offers.
Google Pay
Similar to Apple Pay, Google Pay was launched in 2011 as Google Wallet. There is no need for you to perform any physical transactions if you choose to make your transactions with Google Pay. All payments are fast and do not incur any extra fee. Phones running on Android 5.0 or higher can make use of Google Pay. You can also use this casino payment method on laptop and desktop computers. Apple-powered devices can also make use of this payment method. You can add up to 8 cards or bank accounts to your Google Pay wallet. One thing we do not like is the fact that Google Pay’s customer service is not the best. Instead of trying to solve payment issues, they may try to redirect players to their respective banks.
Bitcoin and Cryptocurrencies
According to experts, cryptocurrencies are the future of online casino payments! These payment services use a technology known as blockchain. This is a digital database that is distributed among a computer network’s nodes. In simpler terms, it is a list of transactions anyone can access. It is what makes it possible for crypto users to share value without the use of a third party such as a bank or a credit card. Bitcoin is the biggest cryptocurrency wallet right now, and also one of the most popular at online casinos. Transactions with cryptocurrencies are extremely quick and secure for all players. Withdrawals and deposits are processed instantly and incur no extra fees! However, it might be hard for Kiwis to find online casinos that accept this payment method.
Verdict
The casino payment method you choose can make or break your betting journey. Before you choose a payment method, it is important for you to consider several factors. Their speed of transactions, convenience, level of security, and the fees you will need to pay. Once you figure out what you are looking for, you can make the most well-informed choice. Remember to set yourself a budget and stick to it. Use responsible gambling tools to make your casino journey even safer.
Frequently Asked Questions
What is important when selecting a casino payment method?
There are several factors you should take into consideration when choosing an online casino payment method. Speed of transactions, fees and charges, maximum and minimum transaction limits, and security,
What casino withdrawal methods are faster?
Usually, cryptocurrencies have extremely fast transaction times, instant in most cases, for Kiwis.
What is the best casino payment method for New Zealanders?
The term best is subjective because it would depend on what you are looking for. However, cryptocurrencies are some of the fastest and safest casino payment methods out there and e-Wallets are convenient and offer anonymity.