Different payment methods used in online casinos
There are many payment methods available for New Zealand players, which includes everything from credit cards to e-wallets. Deciding which online payment option to use can be tough, but we have listed the best options for Kiwi players looking to have fun at the casino. Below is a list of the available methods that could be accepted at a casino for New Zealand customers.
Based in Australia, POLi is a popular option for Kiwis. It's an online payment system that makes depositing with an online casino easy, and it comes with low fees. It's still gaining popularity in New Zealand, but because POLi is accepted at many casinos, it's an excellent option for fast and effective casino payments. It's an internet banking service, so you need to fund your POLi account before depositing at an online casino.
One of the most common e-wallet companies for Kiwis, PayPal is accepted at select online casinos. A household name in New Zealand, PayPal makes it easy to send and receive online casino payments. All you need to do is fund your PayPal account using your credit card, debit card or bank account. Once you have funds in your wallet, you're set to deposit at your favourite casino. The best thing about PayPal is the speed of automatic payments, and it's one of the best methods to receive payments as well.
Paysafecard uses vouchers to make transactions. A relatively new payment method, having been established in 2000, Paysafecard is accepted at most casinos, and it's steadily growing in popularity. It acts both a bank account and a credit card but uses a 16-digit pin code to make transactions. Use your credit cards or debit cards to buy a Paysafecard voucher, and you can play your favourite online casino games.
The same company owns Neteller and Paysafecard, but Neteller acts more like an e-wallet. You can transfer money from your wallet to an online casino, and it's widely accepted in the industry. Kiwis are still learning the ropes with Neteller, but it's a banking option that is available, and it should be explored. Processing times are fast, and it's a trusted payment company, so there's never any complaints about depositing funds to your online casino account.
Skrill focuses on low-cost payments, and it's one of the most popular online payment methods. Established in 2001, it's another method of payment from the Paysafe Group, which also owns Paysafecard and Neteller. The difference with Skrill is that it has low fees and is widely accepted as a payment method with online casinos. It's a popular option for players around the world, and New Zealanders can now join.
Funding your casino account with a credit card is one of the most popular banking options. You can use VISA or Mastercard and transactions are instant. Most casinos don't charge any fees for using credit cards, so it's a viable option for players wanting to avoid paying high fees. However, using a credit card does mean you accrue interest with your credit card company, so there's that to be wary of.
Another highly popular option for Kiwi customers is using debit cards. It takes the money out of your bank account, so you don't need to pay interest, and you're using only money that you have. Using a debit card is much like using a credit card; it has the same technology and payments are instant. It takes less time than a bank transfer and funds are coming from the same place. Using a debit card is a hugely popular method for Kiwis.
EcoPayz uses the latest security to ensure your funds are safe. The international money transfer system is still gaining popularity, but it's accepted at most online casinos. Much like any other e-wallet, EcoPayz tries to cut down on fees, and it's a good option for online casino players. All you need to do is sign up, fund your account and then select EcoPayz as your preferred method of payment.
Cryptocurrency has taken off over the last few years and Bitcoin is leading the way. It's not accepted at all casinos, but crypto casinos are on the rise. Bitcoin has remained steady in the online payment world, and it's becoming widely accepted as an online casino option. If you have any Bitcoin in your wallet, you can use this to fund your online casino account where it's accepted.
Which payment method to use in an online casino?
There are many options you can use to fund your account. However, whatever option you choose doesn't necessarily make a difference to your playing experience. Your preferred payment method won't likely have any effect on your welcome bonus or how many free spins you get. In some cases, certain payment methods have restrictions when it comes to the deposit bonuses, but it depends on the online casino. You will be alerted about such problems if they arise when you deposit.
Factors that should be considered when making a deposit include the following.
- Speed of deposits
- Speed of withdrawals
- Payout fees
- Availability of payments in New Zealand
The biggest concern facing New Zealand players is the speed of deposits and withdrawals. With most depositing options such as cards and e-wallets, payments go through instantly. However, bank transfers can take a full working day to be processed. If you want to use a bank transfer to fund your account, expect delays, and the same goes for receiving money. Withdrawal times differ depending on the method and the online casino. Credit and debit card withdrawals are relatively quick compared to using the bank. If you want to withdraw money back into your e-wallet, you will wait for the processing times at the casino and also with your wallet provider.
Payout fees are another issue that Kiwis need to factor. E-wallet companies will charge you for the service, which is often a percentage of the money coming into your account. Card companies also have fees attached, but when depositing with an online casino, those fees can be waived. It all depends on the casino, and it can cut down in fees associated with playing online. Bank transfers will have an international transfer fee attached if the casino is based overseas.
Safety is a significant factor when deciding what method to use. All our recommended payment methods are safe from the casino point of view. Your funds are secure once they're in your casino account and casinos outline these details in the terms and conditions. Online casinos have different sets of terms and conditions when it comes to payments, so it pays to check these before depositing. If your preferred method of payment isn't available at your favourite casino, there's nothing that can be done. Not every casino offers the same methods, so it's best to choose your casino based on what methods it has.