Payment Methods at Online Casinos in New Zealand

As online casino gambling becomes increasingly popular, the need for safe and secure payment options also increases. In this post, we review some of the most popular payment methods available to New Zealanders at online casinos. Learn all there is to know about making easy payments at online casinos.

Credit and Debit Cards

Credit and debit cards are arguably the most popular payment methods for New Zealanders. It is very likely that every player is in possession of at least one of these cards. Since they are easy to acquire, credit and debits cards have become a staple at most online casinos. Visa, Mastercard and Maestro are the payment service providers you are most likely to find.

Visa

Visa is a credit card service that is useful for making payments online. The brand is accepted in over 200 countries around the world including online gambling platforms. Using Visa online is simple. If you are already in possession of Visa card, you can fund your casino account by adding your card details to the cahiers page, entering the amount you would like to transfer and confirming the transaction. Deposits at online casinos with Visa are instant while withdrawals may take up to five working days.

Mastercard/Maestro

Mastercard and Maestro are both products from the same company. Maestro was founded by MasterCard in 1991. While Mastercard is a credit card, Maestro is a debit card service. Either of these cards are a good choice for funding your casino account and cashing out your potential winnings. Like Visa, Mastercard and Maestro are easy to use. You only need to enter your card details to the cashier’s page at the online casino, confirm the transaction and your account will be funded instantly. Payments with Mastercard/Maestro are safe and secure. Both cards use MasterCard’s SecureCode system, an EMV Chip and Pin to keep transactions via the network safe and protected. Although Mastercard does not charge a fee for such transactions, the online casino you are gambling at might. It is important to check the casino banking pages for information on fees and other terms.

Pros and Cons of Using Cards at Online Casinos

Here are the pros and cons of using cards at online casinos in New Zealand:

Bank Transfers

Before there were e-wallets and crypto payment methods, bank transfer was the surest way to move money from one account to another. This method has stood the test of time and remains one of the most secure ways to fund your casino account. Banks use several anti-money laundry systems which is why this method is preferred by online casino operators. The casino you choose will provide you with a bank account to transfer the cash to. This is especially ideal of you plan on moving a significant sum of money. The only downside with using bank transfer methods to fund your account is that deposits are not instant, and it takes up to 7 days to withdraw to your account. Banks also charge significant fees for these transactions. The exact amount may vary depending on the casino, the bank and the amount of money you are moving.

E-wallets and Prepaid Cards

E-wallets have been around for a while but have only become extremely popular. Electronic wallets or e-wallets are online payment systems that allow you to send and receive money as well as make payments to online merchants such as online casinos. E-wallets serve as a middleman between you and the casino. That way you can make a deposit without sharing sensitive information with the casino operator.

Prepaid cards on the other hand allow you to spend what ever amount is stored on that card. You can purchase a prepaid card from a provider like Visa or PaysafeCard and fund your casino account that way. With prepaid cards, you only need to enter the 16-digit pin, enter the amount you would like to transfer and confirm the payment. This keeps sensitive information such as account number and name confidential.

Both e-wallets and prepaid cards are very convenient for funding your casino account. Deposits are instant and extra safe since these methods are anonymous. See some of the most popular e-wallets and prepaid cards for New Zealand online gamblers below:

Skrill

Skrill is an e-wallet that is part of Paysafe Limited, a global payment platform. Skrill allows you to transfer funds to and from your bank account. You can also use Skrill to make payments and cash out at online casinos in New Zealand. Skrill is safe, secure, and fast. Skrill permits you to make instant deposits to your casino account and cash out funds within 24 hours. Another perk with using Skrill is that there are no transactions fees with making deposits are cashing out fund from the casino.

Neteller

Like Skrill, Neteller is an online payment platform that permits users to send and receives funds and make payments online. Neteller was founded in 1999 and is part of the Paysafe network. Neteller serves as a middleman between you and the casino operator. So, to fund your casino account, transfer money from your bank account to your Neteller wallet then from Neteller to the casino you are gambling at. The process is often quick and easy and payments to your casino account are reflected within minutes of competing the transaction.

Paysafecard

Paysafecard is a virtual prepaid card that uses a 16-digit pin. You can purchase the voucher online and fund your casino account using the card. PaysafeCard code values are anywhere between $10 to $100. When you run out of funds on a card, you would need to purchase another card. Payments with Paysafecard are completely anonymous. Unfortunately, Paysafecard does not support withdrawals. To cash out your funds, you are advised to choose an alternative payment method such as an e-wallet that is as fast and secure.

EcoPayz

EcoPayz was founded in 2000 as ecoCard and is one of the oldest e-wallets in the world. Since setting up shop in 2000, the service provider has evolved and diversified its services. In 2013 the payment rebranded to ecoPayz: an online payment solution that lets you send, receive, and manage your funds. Ecopayz is like most e-wallets. ecoPayz is new but the provider has become a payment method of choice for most online gamblers in New Zealand. The platform is secure, deposits are instant, withdrawals are fast, and the transactions are free.

Pros and Cons of Using e-Wallets and Prepaid Cards at Online Casinos

Apple Pay

Apple Pay is a versatile contactless payment service available on mobile device. The service is provided by Apple Inc and lets users process transactions to online merchants swiftly and conveniently. Apple pay is not very different from other e-wallets available on the market. The service allows you to link your bank account and cards to your apple pay account then then make deposit to your online casino account. Apple pay is very safe. It uses a closed system which safeguards your sensitive information while making deposits and other transactions at an online casino. For gamblers who already use apple products like iPhone, iPad, and MacBook to gamble, funding your account with Apple Pay is easy. The Apple wallet comes preinstalled on those devices. To set up the wallets, simply link your card, or bank account and you can start funding your casino account from there.

Google Pay

While Apple Pay caters to iOS users, Google Pay is the ideal choice for online gamblers who prefer devices run on Android systems. With Google Pay, you can send money quickly, easily, and safely. It offers a contactless payment solution for both in-person and online payments. A good number of online casinos accept payments with Google Pay. Link your cards and bank accounts to your Google Pay wallets and you will be able to fund your casino account with only a few taps. Deposits with Google Pay are instant while withdrawals take anywhere from 24 to 48 hours.

Bitcoin and Cryptocurrencies

When they initially launched, cryptocurrencies created quite a stir. Most people were sceptical about this digital currency. Now, more people are opting for crypto payment solutions. Cryptocurrencies have been adopted in several industries including iGaming. Online gambling sites such as casinos and sportsbook give players the opportunity to fund their casino account and withdraw in cryptocurrencies. Crypto has become preferred because is it very safe and highly secured thanks to the blockchain technology. Players can also remain anonymous and enjoy instant transactions.

Bitcoin is considered one of the most popular choices for online gamblers. The main reason why crypto payments are sought after is that there are no intermediaries between the casino and the player thus transactions are transparent and tamper-proof. Payments with Bitcoin is safe, and the transactions are free. You may even be able to enjoy a special bonus when you make a deposit with cryptocurrency. On the flip side, cryptocurrencies are highly volatile and unregulated. Should you choose a crypto-based payment method, it would be at your own risk.

How to Choose the Best Online Casino Payment Methods

When choosing a payment method to fund your casino account and process withdrawals, there several important factors that you must consider. We have gone through four key factors for choosing the best casino payment methods below:

Fees

Consider any extra costs such as fees associated with a payment method when making your choice of which payment to use. Choose casino payment methods with little or no transactional fees or charges. E-wallets typically process transactions to online casinos for free. Crypto payments are also typically free, but some casinos may charge a minimal miner’s fee. Bank transfer methods are notorious for high transaction fees.

Payout Speed

Payout speed is another important factor when choosing an online casino to gamble at. It is preferable to choose a payment that processes deposits instantly. Withdrawal typically takes a bit longer to process than deposits. Ideally, a casino payment method that process payouts within 48 hours is a good choice. Crypto payment methods such as bitcoin and e-wallets process transactions very quickly. You may even be able to receive your payouts within minutes of putting in the request. It is worth noting that online casinos have 24 hours pending delay time during which they verify your account and request before commencing the process of transferring the money to your account.

Minimum Deposit

The minimum deposit is the least amount you can transfer from your account to the casino. Most online casinos have a standard minimum deposit amount for all payment methods available. In cases where this minimum is not set by the casino, different payment methods have their set minimum. Some payment methods such as e-wallets allows players to transfer as little as NZ$5 to an online casino while bank transfer may only accept a minimum deposit of NZ$20. Consider your gambling budget then choose the payment methods that lets you conveniently make deposits while staying within the limits of your budget.

Security

Safety and security are the most important considerations when choosing the casino payment method to fund your account. Choose a payment method with multiple layers of security such as pins, code, 2 factor authentication and even biometric recognition. We also recommend using a payment method that affords you some degree of anonymity. Withhold as much sensitive information from the casino operator as possibly can.

Verdict

Each casino payment method we have reviewed in this article is ideal for a different kind of player. Some offer faster processing speeds, more security, and lesser charges. It all comes down to what your priorities are. If you prefer to stay anonymous then e-wallets, prepaid cards and crypto are your best bet. Bank transfer methods are highly recommended for players who want a high level of safety and the security of established and regulated financial institutions. It is important to be meticulous when choosing a casino payment method. Choose one that is convenient, reliable, trustworthy, and fast. Always ensure that an online casino offer at least one of your preferred banking methods before you sign up.

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