Payment Methods at NZ Online Casinos
Get hassle-free deposits and withdrawals at online casinos by choosing the best payment methods. We’ll tell you all about how payments at online casinos work, and how you can pick the payment type best suited to you.
Choosing the Best Payment Methods
Before you choose a casino and a payment method you should consider several factors. Below we’ll give you the low-down of all the most important aspects you should evaluate.
⭐ Limits and Fees for Deposits and Withdrawals
In order to get the most out of your deposits and withdrawals you should always choose a payment method with low or, better yet, no fees.
Some casinos offer fee-free payments with all supported payment types, while others have a few selected payment methods without fees.
Typically, you can always find the fee or any additional charge listed on the deposit page at the casino. But, make sure that you also read their withdrawal terms, so you don’t get a surprise when you’re cashing out winnings.
If there are fees or not at the casino is something you can also find out by reading our in-depth casino reviews.
⭐ Fast Processing Times
For deposits at online casinos, there are no processing times to speak of. Almost all payment methods give you instant deposits, so you won’t have to wait before you can start playing. The only exception is sometimes for cryptocurrencies if the blockchain is busy.
As for withdrawals, all the best NZ online casinos process withdrawals around the clock. This means that you can get a withdrawal processed within a couple of hours, seven days a week. If the casino offers automatic withdrawals, it can go even faster than that.
However, there are some casinos that purposefully delay processing withdrawal requests. Some have as much as a 48-hour pending time for all cashouts. Additionally, some casinos are only paying out during office hours on weekdays.
Learn more by reading our article about the best payout casinos.
⭐ Minimum & Maximum Transactions
What the minimum and maximum limits for deposits or withdrawals are will depend both on the payment method and the casino. Though not plentiful, there are some $1 deposit casinos. However, the standard minimum limits for deposits are usually either $10 or $20.
Per deposit, the limits can be anywhere between $150 and $100,000, depending on the payment method.
As for withdrawal limits, these often start between $20 and $50, but there are also some that process withdrawals all the way down to $10. The maximum withdrawal limit is often twofold. There will be a maximum per transaction, and a maximum per day, week, or month.
The maximum withdrawal limit is different based on the payment type. Some limit a per transaction amount to $1,500, while other methods might allow up to $100,000. You’ll find more information about this on each casino’s cashier page.
⭐ Secure Payment Transactions
The security of the payment, and your payment details, should be the number one priority to ensure. All casinos we here at CasinoPie recommend have been vetted for safe payments.
All our listed casinos have safe website encryption to ensure that the data you send through the website remains secure. This includes the payment details you enter in the casino’s cashier.
Furthermore, all casinos are PCI DSS compliant. This means that they are adhering to all the security standards that the payment card industry is recommending. Due to this, even card payments can be processed securely and you’re not running the risk of getting your card details stolen.
Popular Payment Methods for Casino Deposits & Withdrawals
There are many different payment methods available to Kiwis at online casinos. There are pros and cons for all of them, and we’ll now explain a bit about how each works, and what the benefits and drawbacks they have.
⭐ Credit & Debit Cards
The most convenient way for most Kiwi players to deposit at online casinos is by using a debit or credit card. With the expectation of pure crypto casinos, all accept payment by Visa and MasterCard.
Card deposits at online casinos are always instant, and the process of paying is just like when you pay for anything else online. You enter your card details and authorize the transaction using 3D Secure or Verified by Visa.
A typical card transaction has a fee of something like 2.5%, but most casinos will not charge you this fee. They rather cover the fee for you, so that the amount deducted from your card is the same amount that gets added to your casino account.
Some credit and debit cards accept payments going into the cards, which allows casinos to pay out withdrawals back to the card. But, not all do. If your card does not accept payments, you’ll need to withdraw using another payment method. Typically, it’s a bank transfer that’s available to you.
⭐ Bank Transfers
There are few ways of paying that are safer than through a bank transfer. These transactions are performed from your online banking, meaning it’s your bank that’s responsible for the transaction. You won’t have to enter any sensitive payment details on any other website.
In addition to the above, another great advantage of using a bank transfer is that these transactions are almost always completely fee-free. If a casino only offers one payment method that can be used without being charged a payment fee, it’s bank transfers.
Before, a bank transfer into a casino account could take days to arrive, but lucky those days are gone. Nowadays, even bank transfers are mainly instant, so there’s no transaction time to speak of.
Bank transfer is also a payment method that’s always available for withdrawals. This is because it, along with crypto wallets, won’t have to be activated through a deposit before it can be used. Due to this, this is usually the withdrawal method you’ll have to use when you’ve been winning from a no deposit bonus you got before having made a deposit.
The withdrawals can take anywhere between 1 minute and 3 working days, depending on the bank transfer option you choose and your bank.
Many people prefer using e-wallets when paying for services online, especially when playing at online casinos. Most casinos support e-wallets such as Skrill and Neteller. Unfortunately, there are no New Zealand PayPal casinos.
Some years ago, these used to be the fastest payment types, in terms of transactions. The payments are still instant, both for deposits and withdrawals, but nowadays there are also other payment types offering just as quick transactions.
The main benefit for many players that choose e-wallets is that they can separate their gambling winnings from their bank account. Since e-wallets always support both deposits and withdrawals, you can also get paid out directly to your e-wallet.
Most Skrill casinos do not charge a fee for transactions, but some do. The same goes for Neteller casinos. If the casino charges a fee for e-wallet transactions, the fee can be as high as 5%.
⭐ Prepaid Vouchers
Players that prefer to not enter any personal banking details at casinos have the choice of using prepaid vouchers. Both Paysafecard and Neosurf vouchers are commonly accepted at NZ casinos.
When you use a prepaid voucher this can only be used for deposits. For withdrawals, you’ll have to request a bank transfer to get your winnings paid out to your bank account. Some casinos will also allow you to withdraw to a crypto wallet.
Transactions with prepaid vouchers are instant, and many casinos also offer fee-free transactions. If a fee is charged, this can be anything between 2.5% and 5%. So before using this payment type at a casino it can be wise to check the payment fee policy at the casino.
Cryptocurrencies are not accepted at all online casinos for New Zealand players. Only casinos licensed in Curacao are allowed to offer cryptos. This means that casinos licensed by Malta Gaming Authority do not support any crypto payments.
The most common cryptocurrency you’ll find at casinos that do support crypto is Bitcoin. Some casinos will be pure Bitcoin casinos that only have this currency, while others will also support Ethereum, Litecoin, Tether, Bitcoin Cash, and more.
Transactions using cryptocurrency are not always instant. How fast it goes depends on the traffic on the blockchain. In general, crypto payments made through the Ethereum blockchain are a bit faster than those using the Bitcoin blockchain. However, you can usually expect to get your deposit funded within 15-30 minutes.
Quick withdrawals are one of the main benefits of using cryptocurrencies at online casinos. There is next to no transaction time, as withdrawals go just as quickly as deposits. Once the cashout has been approved by the casino, you can expect to have your crypto wallet funded within minutes.
As for fees, there usually aren’t any. Expect the ones charged by your crypto exchange, as with all other crypto transactions you make.
Depositing at Online Casinos
Offering an easy deposit experience is one of the top priorities for any online casino. This is, after all, how the casino is getting money. You’ll always find several payment methods, and most offer a good mix of different payment types.
When depositing, all you need to do is to follow these steps:
- Log into your casino account.
- Go to the cashier.
- Choose which payment method you want to use. You’ll see a list of all available options.
- Enter the amount you want to deposit.
- If you have an available bonus, make sure this is selected or that you have opted into it.
- Enter your payment details. You’ll get on-screen prompts for what you need to fill in.
- If the transaction needs to be authorized using 3D Secure or similar, this will pop up on the screen.
- Voila! The deposit is completed, and you can head to the games lobby and start playing.
Withdrawing From Online Casinos
When you’ve played and won at the casino, you’ll want to make a withdrawal. You do this by going to the casino’s cashiers page, which might also be called your “wallet.”
You’ll see a list of all available payment options, and if the one you made your deposit with is listed, then this is the one you should choose. As a general rule, a withdrawal should always be paid out to the same method as the winning deposit came from.
Then, you enter the amount you want to withdraw and confirm the cashout. The casino’s payments agents will then process the cashout and, hopefully, approve it. When it’s approved, you’ll receive the money as fast as the transaction to your chosen payment method is completed. This can be instant, but also take a couple of days, depending on the payment type.
⭐ Verifying Your Payment Methods
All players need to verify their accounts at some point, and most commonly this is done in association with a withdrawal request., You’ll always need to submit ID and proof of address, but also verification of your payment methods might be needed.
If you’re asked to verify your payment methods you’ll be given precise information about how to do this. You’ll be told what needs to be visible on your documents, as well as what should be covered up.
It’s important that you take the time to cover the details that the casino doesn’t need. This is, in particular, important when you submit photos of your payment cards. Never send in a photo showing the whole card number and the CVC/CVV code.
Typically, you’ll only need to verify your payment methods once. The only reason why you’ll be asked to do this multiple times is if you connect more payment methods to your account.
Best Payment Methods for Claiming a Casino Bonus
At some casinos, you can claim a deposit bonus no matter which payment method you’re using. But there are some that limit bonuses to just some payment types. This is especially common for welcome bonuses.
The payment types that are quite commonly blocked for activating a welcome bonus are Skrill, Neteller, and Paysafecard. However, for ongoing promotions and offers to already active players these payments will often be accepted.
Bitcoin and other cryptos are sometimes the best ones for claiming a bonus. You’ll always be able to claim the normal bonuses the casinos offer with these payments. But, some casinos offer better and bigger bonuses to crypto users. You might get a larger percentage as a match deposit bonus, or a higher maximum claimable bonus.
Before opting into any bonuses, make sure you read the terms of the bonus, to ensure that your chosen payment method is accepted. If it’s not, you can simply choose another method or another casino. There are sure to be casinos around that allow for your preferred payment method to trigger a casino bonus.