Online Casino Payment Methods and Banking
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; let’s find out what are the best Casino Banking options for them to use.
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 know the payment process and requirements and the deposit and withdrawal options you can choose.
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How to Deposit At an Online Casino
Funding an online casino account is straightforward. 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 summarize the entire process in a few simple steps you can finish in a few minutes.
- First, log into your account and head to the casino’s cashier’s section. This will unveil the payment solutions the casino avails of. Keenly go through this list to choose the payment method you prefer. If you are not sure of the one to select, go for the most popular option because it is usually the most convenient and reliable.
- After settling on a payment method, you may be asked to complete personal and financial details. It is worth noting that any financial information the casino requires typically depends on the payment solution you choose.
- The final step is to enter the amount of money you want to deposit in the relevant field and wait for the funds to reflect in your account.
Speaking of different payment methods, check out the list of options most casinos have.
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 want to deposit considerable cash. It is a safe method 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 particular account to complete the transaction and the low fees the method attracts.
Using credit cards online at the casino 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 the card number, the CCV number, the 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 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. American Express, Visa, and MasterCard are some brands that casinos easily accept, particularly Maestro casinos. It is advisable to have a separate debit card if you intend to use different casinos for gambling activities.
You can purchase prepaid cards in gas stations and stores to deposit money into your online casino account. This method is only valid for deposits since you cannot withdraw money back to the prepaid card. The advantages to this type of method are that it is entirely anonymous, and you can keep a little more control over how much you are gambling. The added physical effort to go out and get a card is more mentally trackable than transferring money online, and you can choose exactly how much you want to gamble at any given time. The most popular prepaid car in NZ is those used for Paysafe pokies.
Many digital wallets like Skrill, Neteller, PayPal, ecoPayz, and many more are great for online gaming. With this, you will 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.
Pre-paid cards like Prezzy Card from visa are similar to regular credit cards; they can be used to pay on the phone, by mail order, in-store payments, or even online! You will have to charge money into it, which can then be used up to the value limit.
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 at a Bitcoin casino, it is worth noting that their value may be volatile, and this is a risk you may have to consider when doing these transactions.
How to Withdraw At an Online Casino Banking
Nothing feels as good as watching the money in your account increase when you are gambling, and 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. This section will guide you on the most efficient way to withdraw your cash from the casino.
- You must be logged into the casino where you want to get your hard-earned cash.
- Once 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 decide on the best option to work with.
- After selecting the most suitable method, the final step 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 you can explore in most NZ online casinos.
This essentially moves money from your online casino account to your bank account. It is a relatively straightforward process where you share your banking details and wait for the cash to get in. You may have to wait about 5-10 days for the money.
Getting funds from the casino to your credit card is pretty straightforward, and the cashier requires that you give them the card information you typically offer when making a credit card payment. You will usually get an instant cashout or wait 2-3 days.
eWallet Casino Banking
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. eWallets are also the fastest withdrawal method at online casinos.
Cryptocurrency users are not left behind when they want to get their cash from online casinos. Again, depending on your chosen currency, the withdrawal process should be pretty smooth sailing. All you need to do is provide the necessary details and wait for your cash.
After reading our eye-opening tips on depositing and withdrawing in your favorite 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 issues with your transactions to get a practical solution. Note that reputable casinos will always perform identity checks to help prevent any scams or fraud. You should also be aware that some payment methods require a fee before completing the process. 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 payouts 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.