One of the biggest hurdles facing online casinos is having the right banking options for their players. It is a common occurrence for a player to sign up to what they think is a good online casino only for the casino to not have the right banking options for the players.
We have gone through the numerous options that are available and have listed the most popular banking methods offered by online casinos in New Zealand.
The team at NewCasinos.coz have compiled the list of the most popular banking options offered by online casinos in New Zealand.
Card Banking Options in New Zealand
A payment method used across the globe allowing players to insert the card number and then letting the online banking service transfer their funds to the online casino. A simple yet effective payment method that allows the player to deposit and withdraw their funds with ease.
Most Popular E-Wallet Banking Options In New Zealand
A web wallet that revolutionised how customers pay for goods and services and a mainstay in most online casinos. Creating a paypal account can be done in a matter of minutes and online transactions are instant. Furthermore, the payment method also offers the PayPal Buyer’s Protection along with an optional security key and 2 factor authentication.
A rival to the mighty Paypal, Skrill offers fast, safe, and minimum-interest transactions to all its users. Moreover, it is heavily used by online gambling companies such as William Hill, Ladbrokes and has an easy to reach Skrill VIP status. For New Zealand players, Skrill is one of the favourites because of its low cost and specific offers to casino players.
Lesser Known Banking Options
Apart from the two web wallets mentioned above, there are other options available such as Neteller which is quite popular amongst New Zealand gamblers but comes with higher transactions fees than Skrill. Entropay is another option more suited to the more infrequent casino players.
Entropay provide virtual cards that are disposable upon use and have a registration process that can be done under a minute. It also allows members to choose from three different currencies.
Ecopayz is another web wallet that allows users to create an account without the need of an existing credit card or bank account. Customers are given added functionality of withdrawing money from ATMs by adding a prepaid account to the approved ecoAccount.
Cryptocurrency is the new kid on the block when it comes to banking options. Very few online casinos have managed to integrate coins such as Bitcoin, Ethereum and Litcoin into their sites. Cryptocurrency comes with its own set of advantages in the context of online casinos.
Their is increased anonymity, speedier transactions and the players themselves can verify the fairness of a casino without having to rely on an external body. Royal Panda is one name that comes to mind that allows players to make deposits and withdrawals using BitCoin.
Each method above has its own pros and cons and what matters the most is how convenient and safe it makes the process for the player for using them at an online casino. While e-wallets are convenient, they have been plagued by security glitches in the past that can make users feel uncomfortable.
Debit / Credit have mass acceptance especially when it comes to the gambling community but carry transaction fees with them and can have longer processing times when it comes to withdrawings.
Prepaid cards allow New Zealand players to go around the problem of not being able to obtain credit cards so the players do not have to worry about creating bank accounts and passing credit checks. However, they need topping up quite often and are subject to high transaction fees.
As a recurring theme you will find on NewCasinos.no.nz, always perform your due diligence before deciding on what method to use be it for deposit or withdrawal.
Is it safe to make deposits at an online casino?
Yes, it is perfectly safe as long as you stick to the casinos on our site. All of the listed casinos use the latest in SSL technology to ensure that your sensitive data is kept safe and secure.
Why can’t I use Skrill and Neteller to claim casino deposit bonuses?
Online casinos have stopped awarding bonuses for deposits made using these e-wallets due to high fraud ratios. Most casinos will mention it clearly on either the homepage or terms and conditions page on not being able to award bonuses using e-wallets.
Can I deposit with PayPal?
Yes, you can and it is one of the most popular banking options available. It is secure and fast though be warned as some casinos will not allow you to take up their welcome bonuses if you deposit with PayPal.
Can I use a credit card to make a deposit?
At the moment you can make a deposit using a credit card. However, there is a lot of scrutiny with regards to this and the government might initiate steps to block this payment method. Using a credit card also incurs fees from your card provider.
Can I use a bank transfer to deposit?
Yes, you can but it will take a considerable amount of time for the funds to finally hit your account. It is also not the most secure payment method.
Can I deposit using cryptocurrency?
Yes, you can at some casinos. Cryptocurrency such as Bitcoin is becoming increasingly popular and is a great option for players that want 100% anonymity. It is also a secure method. The only downside being that not all casinos in New Zealand offer cryptocurrency as a payment method.
What is the fastest payment method at a casino?
What is the fastest payment method at a casino?
E-wallets are the fastest and a deposit using a payment method such as Neteller takes a day (maximum). Unlike other payment methods such as cards and bank transfer, deposits made via e-wallets do not have to undergo external checks.
What is the slowest payment method to withdraw with?
Withdrawing your funds into a bank account is a slow process that can take up to 10 days. Banks perform extra checks which causes the delay.
Can I make a withdrawal using all banking options?
Depends on the casino you are playing at. Some will allow you to deposit and withdraw using the same method but some will have different options for each.
What is the maximum and minimum deposit I can make at a casino?
Both limits are set by the casino and can differ from one operator to another. Some will allow you to deposit as little as NZ $1 while others might ask for NZ $25. Similarly, some casinos will allow their high rollers to deposit thousands of dollars while others might put a cap.
Are there fees associated with making withdrawals?
Yes, some casinos might charge you for using a certain payment method to make a withdrawal. The fees will be clearly listed on the ‘banking’ page of their website.