With the development of technology in recent years, online payments have increased, and more and more people globally are using various online payment methods. New Zealand is no exception. With the popularity of online payments, the choice of available online payment methods with multiple advantages and disadvantages has increased.
There are many payment methods that Kiwis should avoid due to excessive fees and fraud. The most important is always to shop online safely. Therefore, this article will list all the popular and safe online payment methods to accept in New Zealand.
In New Zealand, debit/credit cards like VISA, Master Card and American Express are the most used online payment methods. The second most used online payment method is PayPal.
Besides these international brands, Kiwis also frequently make online payments using:
- AfterPay: Users can buy now and pay later with no fees after the goods are delivered to their address. The most significant advantage of this payment method is that customers feel safer when shopping from websites for the first time, while merchants enjoy guaranteed payment and higher conversion rates.
- POLi: Online bank transfer system helps its customers pay for products and services through POLi trusted banking environment.
Also, lately the popularity of Google Pay and Apple pay is growing.
E-commerce market facts in New Zealand
- Currency: NZ$
- Internet access rate per household: 92%
- Population: 4.9 million
- NZ GDP: 210,700,848.97 (2020)
- Accepted payment methods: VISA, Mastercard, American Express, POLi, PayPal, AfterPay, Apple Pay, Google Pay, Paysafe Card
- Internet country codes: (.nz), (co.NZ), (org.NZ)
Online payment methods in New Zealand
Here we have listed general details about the most used online payment methods in New Zealand. All the info added to these online payment methods is public. If you want to find more detailed information about certain T’s&C’s or any possible charges, you should contact your bank or find the answer at the official site.
Afterpay is a payment method in New Zealand that allows users to buy goods online and pay later in interest-free instalments. It is very similar to the Klarna payment method popular in Sweden and other European countries.
Using Google Pay, customers can make payments using credit or debit cards stored in their Google accounts. Customers experience a more straightforward checkout procedure whether they buy from their Android devices, the internet, or POS terminals.
American Express is a credit/debit or charge card that customers can use for offline and online payments. American Express is the third most used credit card in the world.
MasterCard is one of the world’s most common credit/debit cards that allow us to make online payments. MasterCard is an international payment trademark that supports over 150 currencies in 210+ countries.
Visa is one of the world’s most used online payment methods and the most significant credit/debit card trademark. Visa is a global payment service with approval at point-of-sale and online in over 170 countries.
PayPal is the online payment method that allows customers to send/receive money and shop online without sharing their details. Customers can load their PayPal balance directly from their bank account or credit cards like Visa, American Express, and MasterCard.
Apple Pay allows its users to pay contactless via app or desktop/mobile through iOS devices. Kiwis can safely enter and store debit/credit card details into the Apple Pay app wallet and complete payment by scanning their fingerprint with Apple’s Touch ID, Face ID, or password.
POLi or Pay OnLine is a banking option available in New Zealand and Australia that allows customers to make internet transactions and purchases online from their online banking account. Retailers can access more significant markets and increase conversion fees by reaching consumers who do not own debit/credit cards or prefer not to reveal them online.
Paysafecard is a prepaid payment method based on vouchers that Kiwis can purchase online or offline at local retailers. Each voucher has a 16-digit code that you can enter at the checkout when shopping online at sites that accept Paysafe cards. This payment method is independent of banks, and your personal information during purchase will remain anonymous.
Neteller is an e-wallet transfer service that allows users to transfer funds to and from merchants, individuals or companies. It is most common in forex trading firms, social network companies and at the fastest payout online casino nz operators. Users can create an account and top up their balance instantly using a bank account or credit/debit cards. Also, you can receive payments from individuals or companies within seconds.