Online Casino Payment Methods

While the general idea behind payment solutions in casinos may be somewhat similar, different methods provide a varied value. As some players prefer options that are linked to their banks, some others prefer discreet transactions, and others want it speedy. Suffice it to say there are several pertinent factors that a player should consider when deciding on which options to use.

Without a doubt, every banking method comes with its pros and cons. And these can affect a player's decision of whether or not a particular option is right for them. For this reason, this section explains the factors we consider important when going for a payment method in NZ casinos.

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  Online casino withdrawal times

  Every payment method has a certain time within which withdrawals are processed. While this time varies amongst different banking options, similar methods mostly have a similar withdrawal time. For instance, credit and debit cards usually take longer withdrawal times, as well as direct bank transfer. Meanwhile, all e-wallets have the same time, with cryptocurrencies also being processed within a similar duration.

  E-wallets and cryptos are the fastest and most discreet options at New Zealand casinos. Importantly, each casino has its withdrawal processing time, during which they perform due diligence before approving withdrawal requests. They will check the account activity, request verification documents in some cases, clarify with the payments provider and so on. Depending on the casino, this processing time typically takes 2 business days to complete.

  In other words, it's important to always check the average withdrawal times of online casino payment options. This information is often provided in the payments page of the casino or the cashier section of your account.

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  Minimum deposit limits

  The minimum deposit limits at every casino is an essential consideration at all times. Luckily, all casinos in New Zealand accept payments in New Zealand dollars (though some sites will then convert NZD into other currency), so you'll easily know the minimum deposit. Typically, NZ$10 to NZ$15 is the minimum deposit at most platforms. If you decide to deposit in cryptos, such as Bitcoin, Ethereum and others, the minimum is usually NZ$10 (in a crypto equivalent). However, it could be much lower if you're depositing with voucher cards. Unlike withdrawals, deposits are mostly instant at the top casinos.

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  Banking fees

  Ordinarily, all payment methods for online casinos in New Zealand don't charge banking fees for deposits. In respect of withdrawals, this depends on the casino and the payment method used. For instance, credit and debit cards and e-vouchers are usually free of banking fees.

  Bank transfer options often attract a fee from the casino (NZ$15 and higher). The exact amount varies from one site to another. E-wallets generally don't incur any fees for the player during withdrawals. Simply provide details of your transaction and it will be effected with no fees. If a casino will charge any fees on any payment option, it will expressly state so. But you may always reach out to customer support for clarifications.

NZ players are always in search of speedy, convenient and reliable payment solutions that make their experience awesome. And this is how it ought to be, because sketchy payment options strip the fun element of gambling. We ourselves avoid situations in which excuses take the place of actual transactions.

Given the loads of payment solutions out there, we always review the popular ones. We try to know the strength and weaknesses of each popular transaction method at top casinos. Below are some popular payment methods in online casinos.

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  Visa

  Visa is by far one of the most accepted and most used payment methods in the world of gambling. Depositing with Visa often makes all regular bonuses available, especially the welcome bonus offer, which some other methods are excluded from. Visa enjoys a widespread appeal because it can be used for both deposits and withdrawals at every online casino.

  Visa and Visa Electron are the most common Visa cards in casinos. Also, using Visa to make transactions is easy, and only requires your card details. With respect to Visa deposits, they are usually instant, while withdrawals take up to 2 days to be approved. It will take up to 5 business days for the money to reflect in your account. Meanwhile, this method is entirely free of banking fees for any transaction with casinos, no matter how big.

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  Mastercard

  Mastercard is a global payments giant that has achieved widespread popularity among service providers, including New Zealand casinos. One thing is certain about Mastercard: security and convenience. It works the same way as Visa, requiring your card details for transactions. Deposits are usually instant, and you can claim nearly all casino deposit bonuses using this method.

  New Zealand is one of those jurisdictions where Mastercard is used for withdrawals. Typically, the approval by casinos and arrival of money in your bank account altogether may take up to 7 business days. Once you keep your card details secure, you'll make the most of this method. Importantly, Mastercard transactions attract no banking fees to players in NZ.

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  American Express

  Over the years, American Express has become one the best online casino payment methods across the globe. Also known as Amex, this U.S. company has been in operation for over a century. So, usage of an Amex credit or debit card for gambling is underscored by the utmost security. These cards provide seamless deposits and withdrawals as everyone wishes to have in online casinos.

  Since American Express has to do with cards, you can expect withdrawals to take 5 to 7 business days. Although this method levies a banking fee on players, this is usually insignificant, whilst the value is always retained. For instance, there's the Amex mobile app that not only allows smooth transactions, but also offers a range of personalised banking services.

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  Skrill

  Skrill is an e-wallet that is widely regarded as one of the best payment options for online casinos. This payment method has become generally accepted for its speedy, reliable and super smooth transaction process. As a renowned e-wallet, Skrill eliminates the need to always enter your bank details in any online casino. This is because Skrill acts as a perfect middleman, allowing you to always deposit and withdraw money through it.

  While deposits are instant, this method is one of the fastest ways to withdraw your casino funds. However, some casinos oversell the Skrill withdrawal time as 'instant', but this is not the true position. Depending on the casino, the average withdrawal time using Skrill is up to 3 days. So, it is faster than direct bank transfer and card payments.

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  EcoPayz

  EcoPayz is another e-wallet that has become quite popular amongst Kiwis both for gambling and daily e-commerce. Having been in the payments industry for decades, ecoPayz offers a range of products tailored to great gambling. From EcoPayz account creation to depositing of money into NZ casinos and withdrawal, operating your account comes with convenience.
  
  As one of the best online casino payment methods, EcoPayz casino withdrawals don't attract a fee. A fee will apply when withdrawing to your bank account, which will be brought to your notice beforehand. EcoPayz has robust safety standards for its users, so you can expect top-notch security using this platform.

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  Neosurf

  Neosurf is a voucher card that remains one of the simplest online casino payment options. The voucher contains 10 digits, which a player inputs in the casino's cashier section. Once done, the money reflects in the player's account instantly. These cards come with different values, which makes it possible to manage your bankroll based on your budget.

  Kiwi players can purchase a Neosurf card from retail stores, gift shops, lotto shops, among others. There are also approved online stores selling Neosurf cards nationwide. When buying the card online, a small transaction fee is mostly charged. However, Neosurf is only used for deposits, not for withdrawals and the limits are quite small, mostly NZ$100. If you wish to deposit higher amounts, you'll need to use multiple Neosurf cards.

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  Cryptocurrency

  For a couple of years now, blockchain technology has perfectly complemented online gambling, especially in New Zealand. By their very nature, cryptos power the most discreet method of transacting with casinos. If you are looking to withdraw huge amounts of money with very little charge, you should consider cryptos.

  You can use Bitcoin, Litecoin, Ethereum, Tether or Bitcoin Cash - all of which allow the highest withdrawals from casinos. Cryptos also have the fastest transaction speed, typically within a few hours after casino approvals. Once your funds get to your crypto wallet, you can convert to fiat and withdraw to your bank account seamlessly.

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