Sixty percent of New Zealand adults use mobile wallets for online payments. It is easy to see why. Nine out of 10 Kiwis own a smartphone, and they use it for social media, online shopping, and gaming.
Speaking of gaming, casino gaming is growing rapidly in Kiwi Land. If you’re planning to play slots or poker online in NZ, finding a trustworthy betting site is only the first part.
The biggest challenge comes in choosing viable casino payment options. There are too many of them. How do you choose the right one? What’s the best way to deposit money at online casinos in NZ?
Mobile Wallets
Mobile wallets provide a quick, safe, and low-cost way to deposit money at online casinos. They’re faster than both banks and credit/debit cards. They’re easier to use than Bitcoin. And you can use your e-wallet for general online shopping.
Casinos in NZ support some of the most popular e-wallets in the world. Below are some of them:
PayPal
Available in 190+ countries, PayPal is the king of digital wallets. It’s been around since 2000. And throughout this time, it has partnered with over 30M merchants and more than 200M customers.
The reason for PayPal’s popularity is that it’s convenient. Opening an account is free. Depositing money takes less than a minute. And the process is free. You can deposit between $10 and $10,000 using PayPal.
The best part is that PayPal takes care of you through OneTouch and its chargeback feature. OneTouch protects your data while chargebacks allow you to ask for a refund if you send money to an unsafe betting site.
Skrill/Neteller
Skrill and Neteller are siblings. They’re part of the Paysafe Group. These e-wallets have been around for more than two decades. They’re popular because they’ve been providing casino payments longer than most of their competitors.
Nearly every online casino in NZ accepts Skrill or Neteller. But take note—some casinos won’t welcome you with a bonus if you choose either mobile wallet for payments.
EcoPayz
EcoPayz is a popular online casino payment method in Europe. It’s also available in New Zealand. It works with prepaid Visa/MasterCard owners, meaning you can’t use it to deposit money not in your account.
The biggest reason to use EcoPayz is that it’s safe, fast, and provides free deposits. Most casinos also give you a welcome bonus when you use this mobile wallet for deposits.
Credit/Debit Cards
Before e-wallets took over the online banking space, you had to own a credit/debit card. Credit cards allow you to spend borrowed money—one of the reasons Britain banned them for online casino payments.
Debit cards take out money from your bank account. That’s convenient. But it also means they’re less safe than credit cards. If someone steals your debit card, they can wipe out your bank account balance.
Almost all online casinos accept these two card issues:
- Visa
- MasterCard
It doesn’t make much difference whether you select Visa or MasterCard. They’re both popular, safe, and mobile-friendly. Also, they both have a monthly payment limit of $10,000. Choose whichever card gives you the most benefits.
However, keep in mind that cards are slower than e-wallets. While they offer quick deposits, it takes up to three days to receive money withdrawn via Visa or MasterCard. Also, card providers charge higher fees than e-wallets.
Traditional Bank Payments
Paring directly from your bank account feels like an outdated concept. But it’s pretty much still one of the best ways to send money in 2023. It all depends on your circumstances.
In the casino space, bank transfers come in handy when you want to withdraw large winnings. Let’s say you hit a $100,000 windfall from your favorite slot machine.
You can’t withdraw this money through PayPal, Visa or MasterCard. Bank transfer is the only viable option. Your bank may charge you a $50 fee and take up to a week to process the money. Still, this is the right payment option in this scenario.
That being said, we don’t recommend wire transfers for deposits. Imagine trying to deposit $50. But your bank charges you a $20 fee and says it can only process the payment within a minimum of three business days. It would be frustrating, right?
Online Banking
Online banking was designed to speed up the process of sending money from a regular bank account. In NZ, you can use online banking in the following ways:
POLi
POLi is a Melbourne-based startup that lets you send money in your bank account fast, and securely. It works with all the major banks in both Australia and New Zealand.
While using POLi for non-casino payments, you could send up to $50,000 per single transaction. The daily limit is capped at $3,000,000. This is a much higher limit than any e-wallet or credit/debit card supports.
For casino payments, POLi supports as much as your favorite casino accepts. In this case, $10,000 is the standard limit.
E-Checks
E-checks draw money out of your bank account and deposit it into the casino’s bank account. Casinos love e-Checks, but they hate physical checks for one reason. With e-Checks, the casino is assured of receiving money.
Now, many e-Check providers have a $10,000 payment limit. And when it comes to withdrawals, it usually takes up to 48 hours to receive your money.
Cryptocurrencies
Cryptocurrencies are rapidly becoming a popular payment method at online casinos. In fact, there’s a new betting niche involving casinos that accept cryptocurrencies only.
Bitcoin is the most accepted digital currency. But it’s not the only one. You could also use Ethereum, Litecoin, Bitcoin Cash, or USDT. Why use Bitcoin over traditional payment methods?
For starters, let’s assume you love Bitcoin and Blockchain technology. Many people who use crypto for casino payments do it to support this new digital currency.
Another reason to use Bitcoin for casino payments is that it’s borderless. You can use crypto in virtually every country. Importantly, Bitcoin is safe, fast, and low-cost. The only thing you need to be careful about is sending your funds to the wrong address. Crypto does not support reversals.
