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Comparing the Best Ways to Withdraw Money from Online Casinos

Choosing the right payment method can ensure less hassles, faster withdrawals, lower fees, and be available at multiple online casinos. While it might seem as if everyone wants the fastest withdrawal casinos, there are many players who choose the convenience of some methods that don’t require any additional accounts. Thus, we’ll be looking at the three biggest payment methods and what you can expect, helping you in comparing the best ways to withdraw money from online casinos.

E-wallets

E-wallets, also known as web wallets are the most popular among players who desire higher security, faster withdrawals and lower fees. These wallets became a popular choice with the rise of the internet and are used for online shopping, ordering services, online casinos and much more.

As the name suggests, a web wallet is a secure online platform where users can safely send and receive funds over the internet. This could include sending funds to other account holders instantly, purchasing or depositing without revealing your account details, faster withdrawals, and more.

There are many different types of web wallets, some offering basic services that simply allow you to send and receive. Some other web wallet services have taken it further to include more account benefits such as Trustly Pay n Play Casinos.

Pay n Play casinos make it possible to instantly register an account and play without actually filling in any forms. Instead, Trustly obtains the details from your bank and creates the account for you. When you’re done, withdraw instantly and receive the funds in your account only seconds later! Find NZ casinos with instant payout here!

Typical eWallet Withdrawal Times and Maximum Limits

If online casinos didn’t have a processing period, players using web wallets would receive their funds instantly after pressing withdraw. Luckily, modern casinos have increased their processing times, some now offering same day withdrawals.

Web wallets don’t have the same processes as banks to complete transactions. Instead, the digital funds are taken out of the sender’s account and delivered to the recipient at the same time. There are no delays, and you can expect the highest level of SSL encryptions, protecting your details.

In terms of fees at online casinos, web wallets are once again the top choice! However, each web wallet is unique in the benefits they provide, which also plays an important role in terms of fees.

Credit or Debit Cards

The most popular credit and debit cards include VISA and MasterCard. These are available at just about all online casinos and provide some advantages of their own. Not only can you use it to complete deposits, but withdrawals at most online brands as well.

As some of you would already know, the security measures of credit/debit cards online have been a concern in the past. However, with the latest technology, these transactions are now protected by the same SSL encryption software that makes web wallets a safe choice. Of course, to get the best in security, it’s important to join a licensed and trusted online casino in New Zealand.

Unlike web wallets and cryptocurrency accounts, you can make deposits and withdrawals using your VISA and MasterCard without having to register for an additional service such as a web wallet. Instead, you’ll provide the casino with your card details, including the card number, expiry date, and the security code on the back.

Typical Credit or Debit Card Withdrawal Times and Maximum Limits

VISA and MasterCard are commonly found on the withdrawal page of New Zealand online casinos. Withdrawals are quite straightforward and follow the same requirements as other payment methods. Some casinos do require higher withdrawal limits with credit cards, but you’ll still enjoy little to no fees for the transaction from the casino. However, if you’re playing at an offshore casino, which all the best New Zealand casinos are, you can expect higher fees.

Withdrawal times range from 3 to 5 business days, which once again depends on where the casino is. If the online casino has a processing time of 3 days, it means you can expect your credit/debit card withdrawal in 6 to 9 business days.

In terms of limits, it depends on the casino as some would allow you to withdraw the same low amounts as with other options. However, some casinos require a higher withdrawal when using credit/debit cards as fees apply to the casino as well.

Cryptocurrencies

Cryptocurrencies are the latest technology in online casinos and are becoming bigger every day. Unlike banks and web wallets, cryptocurrencies are decentralized and completely anonymous. In some ways, this provides the very best in security as none of your details form part of the transaction, not even your name. This means no one can track down your details or use them for their own benefit.

Crypto transactions work on a blockchain that requires miners from around the world. These miners aren’t people, but rather computers that complete the transaction and add it to the public blockchain. Within 10 minutes, the transaction is completed, and the funds arrive in the casino’s account with deposits or your personal account in case of withdrawals.

Typical Cryptocurrency Withdrawal Times and Maximum Limits

As with the above payment methods, the transaction times at cryptocurrency casinos also depend on the processing times required by the casino. The transaction itself takes less than 10 minutes, but if the casino places the funds in a pending state for 2 or 3 days, it means the withdrawal is extended by the same time.

The majority of crypto online casinos do not apply any fees to transactions. However, there could be network fees that apply. These are a small fee paid to the miner for completing the transaction. Without the token of appreciation, it could take much longer for the transaction to be completed, which would apply possible delays, not only for withdrawals but deposits as well.