banking icon Online Casino Payment Methods

New Zealanders have been enjoying gambling for years. Kiwis can legally participate in several forms of gambling including playing at traditional & online casinos, sports gambling, lotteries, pokies, horse racing, and many more.

Does the idea of playing at an online casino fascinate you? Have you ever wondered about the banking options available at online casinos in NZ? We will comprehensively answer the questions below letting you in on the payment process and requirements as well as the deposit and withdrawal options you can choose from.

To play with real money in a casino, you must first sign up for an account with a reputable internet gaming station. In most cases, you must be above 18 to do this. It allows you to access different payment options so that you can choose the most convenient one. Depositing and withdrawing money in an online casino is normally a straight-forward process. All you need to do is follow the prompts provided depending on the option you decide to explore. For instance, if you choose bank transfers, you will simply authorize the transfer of funds from your bank account into your gaming account so that you can instantly have the resources to place real-money wagers.

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How to Deposit At an Online Casino

Funding an online casino account is straight-forward. The process; though, simple may differ depending on the casino you have an account with because each establishment has its policies regarding depositing. That said, we will sum up the entire process in a few simple steps that you can finish in a few minutes.

  • First, log into your account and head over to the cashier’s section in the casino. This will unveil the payment solutions the casino avails. Keenly go through this list to choose the payment method you prefer. If you are not too sure of the one to select, go for the most popular option because they are usually the most convenient and reliable.
  • After settling on a payment method, you may be asked to fill out some personal and financial details. Worth noting is that any financial details the casino require typically depend on the payment solution you choose to use.
  • The final step is to enter the amount of money you want to deposit in the relevant field and wait for the money to reflect in your account.

Speaking of different payment methods, check out the list of options most casinos have.

Wire Transfer

also known as bank transfer, it is a method where you will transfer funds from your bank account to the casino’s bank account. It is a great option when you do not have a credit or debit card or when you want to deposit a huge sum of cash. It is a safe method to use because your bank will protect the transactions to ensure that your money and data remain safe. You can transfer the funds on the casino site directly or use your smartphone or tablet when playing at a mobile casino. Many gamers like this option because you do not need to open a special account to complete the transaction and the low fees the method attracts.

Credit Card

Using credit cards is one of the most popular options for funding online casinos. Casinos accept different brands of cards. To use this, you will be required to enter various details like card number, the CCV number, expiration date, and the amount you want to deposit. In some casinos, you may get a bonus for using a specific payment method like credit cards. Be on the lookout for this when selecting a payment method because you might end up with some free cash or spins to make your gaming sessions more entertaining.

Debit card/ Prepaid Card

For the prepaid or debit cards, you first load the cards with the amount you wish before using them to deposit at the casino using the PIN code written on the card. American Express, Visa, and MasterCard are some of the brands that casinos easily accept. It is advisable to have a separate debit card if you intend on using different casinos for gambling activities.

eWallet

Many digital wallets are great for online gaming like Skrill, Neteller, PayPal, and many more. With this, you will just move money from your eWallet using an email address and your password to the gambling operator. In most cases, the services are instant and there is no charge.

Cryptocurrencies

Some casinos will also 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 will get a crypto wallet address that you will use to initiate the process of transferring funds. When using cryptocurrency, worth noting is that their value may be volatile. This is a risk you may have to consider when doing these transactions.

How to Withdraw At an Online Casino

Nothing feels as good as watching the money in your account increase when you are gambling. It brings about a sense of unexplainable satisfaction and joy. If you do not want to re-invest the money in gaming, naturally you want to get your hands on the loot as soon as possible. In this section, we will guide you on the most efficient way to withdraw your cash from the casino.

  • It goes without saying that you must be logged into the casino where you want to get your hard-earned cash.
  • Once you are in the casino, find the cashier section and go through the withdrawal options available. Many casinos will display information like fees, minimum & maximum limits, and processing time beside each payment method. This will help you make an informed decision on the best option to work with.
  • The final step after you have selected the most suitable method is to process the withdrawal of funds by filling in the relevant details that the casino asks for. Remember that this solely depends on the option you go for.

Check out some of the withdrawal methods that you can explore in a majority of online casinos.

Wire Transfer

This is essentially the process of moving money from your online casino account to your bank account. It is a fairly easy process where you just share your banking details and wait for the money to get in. You may have to wait about 5-10 days for the cash.

Credit Card

It’s pretty straightforward to get funds from the casino to your credit card. The cashier requires that you give them the card information you normally offer when making a credit card payment. In most cases, you will get an instant cashout or wait 2-3 days.

Debit Card/ Prepaid Card

prepaid and debit cards work in the same manner as credit cards. They offer an easy and fast withdrawal option where your winnings will be transferred directly from your casino account to the debit or prepaid card. The casino may deduct a small fee to facilitate the transaction.

eWallet

Because there are several options available when you want to explore eWallet payments, the withdrawal process will depend on a particular eWallet. It should not be a complicated process, however, when you follow the prompts on your screen to complete the process of transferring cash to your preferred eWallet.

Cryptocurrencies

Cryptocurrency users are not left behind when they want to get their cash from online casinos. Again, depending on the currency you opt to use, the withdrawal process should be pretty smooth sailing. All you need to do is provide the necessary details and wait for your cash.

 Final Tips

After reading our eye-opening tips on depositing and withdrawing in your favourite casino you should not have any problem with these transactions. Keep in mind that you can always contact the customer service team at the internet casino if you experience any problems with your transactions to get a practical solution. Note that reputable casinos will always perform identity checks to help prevent any scams or frauds. You should also be aware that some payment methods require some sort of fee before the process is completed. Gamers should also choose the currency well when transacting in the casino to avoid losing money during conversion.

Casino Banking FAQ

What is the Best Payment Method to use at a Casino?

It is not easy to pinpoint the best payment method to use in a casino because what might work well for you may not necessarily work out for the next gambler. The best thing is to compare the pros and cons of the different payment solutions that your casino offers and opt for the ones that are most affordable and convenient for your situation. Alternatively, if you are willing, you can experiment with different banking options until you get the one that works out best for you from personal experience.

Are all Payment Methods Safe?

If you are gaming in a reputable casino, all payment options should be safe. The best way to confirm this is by checking out the licence status of the online casino. Before a casino can get the proper operating licenses such as MGA or UKGC, the governing bodies ensure that they have put in the correct measures to protect the player’s financial details and transactions. The same bodies conduct regular audits to ensure everything is in check. Premium casinos will also use data encryption to secure member’s financial and personal data. International banks use the same method; thus guaranteeing safety. Additionally, online casinos will also use SSL (Secure Socket Layers) to boost security.

How to Find a Casino with a Specific Payment Method?

Finding a casino with the specific payment method you want is pretty easy. All you have to do is conduct an online search looking for the casino that accepts a specific method. You will get loads of options to choose from. Remember to only sign up for an account with the casino that has the player’s interests at heart.

What is the Fastest Payment Method?

While many casino payment options offer fast payments research has shown that using eWallets is the fastest payment method. This can include the use of eWallets like Neteller, Skrill, and Paypal. This especially works for withdrawals which are usually instant meaning you do not have to wait for days or weeks to get your money.

Last Updated: May 11, 2020