Best Deposit Options
Payment methods matter when you’re playing online casino. At BestNZ.com we always recommend checking out the terms and conditions of your chosen payment method and what options your chosen online casino accepts.
The deposit option you use at any online casino can really affect your playing experience. We know that New Zealand players place huge importance on quick and easy deposit and withdrawal options. You also want their chosen payment method to be easy to use with simple and clear instructions.
Disclaimer: We’ve outlined some information on popular online casino payment methods below but we’re not an online casino. In our online casino reviews, we tell you which deposit options are available to you and we always provide you with a link to our favourite casinos so you can start playing for real money straight away.
Speed of Withdrawal
Usually, online casinos take about 24-48 hours to process withdrawals. Although some online casinos will process withdrawals within matters of hours. But the speed you can have access to your money is pretty much dependent on the payment method you use. As well as your banks’ processing times. In rare cases, your funds are available nearly the moment you request a withdrawal from your casino. Other casinos could take between 3 – 5 weekdays, and in other cases, it could take up to 7-14 days.
It’s likely you’ll need to use the same payment method to deposit and withdraw at an online casino. If your deposit method can’t be used to make withdrawals, the most reputable casinos should send you a cheque or organize a direct bank transfer. But these methods will considerably slow down the process of getting your money.
Best NZ we like to recommend e-wallets for online casino payment methods. We think they’re one of the most reliable and convenient methods you can use and most of all, they’re very safe. They let you deposit and withdraw money into your account very quickly using the same system and e-wallets consistently deliver the fastest cashouts to customers.
The added layer of security that E-wallets offer has made them the number one choice for New Zealand players. Some online casinos even give away bonuses when you use different e-wallets.
Both Neteller and Skrill are extremely popular and internationally-accepted e-wallets for online casino. They’re super-fast and easy to use which is another bonus point with us. E-wallet accounts are really straightforward to set up. You can easily transfer funds into your online casino account without ever having to share your financial details with your chosen casino.
Withdrawing cash or winning with an e-wallet is usually free and very fast. As soon as your online casino processes your withdrawal request, the funds are almost instantly added to your e-wallet. This avoids the delays usually encountered with banks and other financial institutions. Neteller is one of our favourite e-wallet options because they consistently provide speedy withdrawals every time.
Paypal used to avoid association with online casinos but now they’ve started providing their services to online casino players. They are one of the most prominent international electronic money payment systems. They’re famous for their high levels of security and ease of use.
PayPal is one of the fastest casino cash out methods and your winnings will usually be available in your account as soon as you request a withdrawal from your online casino.
Unless you choose to transfer money between your PayPal and bank account, it could take 3 to 5 working days.
Credit or debit cards
Most online casinos we recommend would accept Visa or MasterCard debit and credit cards to make deposits.
Cards are generally acceptable for withdrawals too, although not always Mastercard. Expect a 3 – 5 day wait for a withdrawal to be processed.
We always recommend you check with your card issuer what their policy is for online casino transactions. Some providers are wary of processing casino transactions. It’s important to make sure the name on your credit or debit is the same name you register your online casino account with.
Some online casino players prefer to use electronic transfer systems and pre-paid cards rather than credit and debit cards. This could be because they prefer to keep their financial details completely private, stay anonymous and also help to protect customer’s bankroll. You’re never able to spend funds you don’t have.
Paysafecard (formerly known as Ukash) is operated by Skrill. They’re the most popular casino banking pre-paid method. POLi is another leading pre-paid method for New Zealand players. POLi doesn’t require any registration or credit card and no fees are applied. POLi lets you make deposits into an e-wallet like Skrill or Neteller.
The major disadvantage with these and other pre-paid methods is that you can’t make withdrawals directly from your casino account. We always recommend mixing options like POLi or Paysafecard with e-wallets. This avoids having to receive money by bank transfer or cheque.
Direct bank transfer
Many casinos let you make deposits and withdrawals into your account, with a direct bank transfer (or a bank wire transfer as its also known). But people find this to be quite a slow method, it may take 72 hours for funds to enter your casino account. It could also take 5 working days before a withdrawal hits your account. Players also find this method lacks privacy but you can make transactions 24 hours a day either by phone or online.
This generally isn’t a popular option but sometimes online casinos let you make withdrawals by bank cheque. But, these could take somewhere between 5 to 14 working days for many casino sites to process, but the average processing time is around 7 days. When you receive funds by cheque, they can be deposited into your banking account same as anything else. This is definitely the slowest method to receive funds.
Top NZD Casino Payment and Withdrawal Options
Online security is one of the biggest concerns for players who are new to online casinos, and for good reason. As the globe increasingly moves towards a more digital economy, stories abound of scam artists, stolen identities and misappropriated funds. The good news is that regulated, licenced online casinos are adept at protecting their players’ information and all financial transactions are encrypted with the same level of digital technology used by international banks. Even with this level of protection, though, many players prefer not to share their banking or credit card details with their casinos.
A good online casino will offer a range of trusted and secure alternative payment methods, so you can decide which one suits your needs. Because there are so many alternative payment options available, deciding which to use can become a complicated process. Various factors come into play. The fees they charge, the level of privacy they offer, and the speed of their deposit and withdrawal processes are all important considerations. To help make the decision a little bit easier for you, we have reviewed and compared three of New Zealand’s top deposit and withdrawal methods: POLi, Neteller and Paysafecard.
Unlike many alternative payment methods, POLi is not a web wallet. It offers a way for you to use your bank account to fund your casino account, without disclosing your bank details. You can make a deposit into your casino account directly from your bank account without having to use a card and pay the fees associated with card transactions. Supported by all off New Zealand’s major banks, POLi is a safe alternative to a direct bank transfer. Each transaction is protected by your bank’s own security system, and neither POLi nor the casino will have access to your confidential information.
Using POLi could not be simpler. If your casino supports it, choose POLi when you make a deposit and follow the prompts. POLi will connect you to your bank account but will not capture your password or username. You do not have to register a POLi account or pay any transaction fees. For cost-effective, simple, and convenient banking, POLi is one of New Zealand’s top payment methods. When it comes to making withdrawals, however, there is some confusion about whether POLi can be used. This depends on the casino – some do not allow withdrawals through POLi so when signing up, it is a good idea to check what options the casino offers.
Neteller is one of the most well-known casino payment methods. It is a safe and convenient way to play at a New Zealand casino, in NZ$, without having to exchange currency. Signing up for a Neteller account is free, and the process is quick and simple. Once you have created your account, you can fund it using any of the payment methods supported by Neteller. You will need to pay a 2.5% fee to fund your account, though, and there are also fees involved when you send and withdraw money.
Using Neteller to fund your casino account is simple and straightforward – simply select it as a deposit method and transfer the funds you need to play. You can also make withdrawals from your casino account, and the funds will reflect in your Neteller balance, but not all casinos support Neteller as a withdrawal option.
Neteller is a safe, reputable and widely available payment method for New Zealand casino players. The convenience of having a web wallet that can be funded in multiple ways (including cryptocurrency) and that will protect your personal information can be outweighed by the fees you incur with every transaction.
Paysafecard is a different kind of alternative payment – rather than a web wallet or bank transfer aid, Paysafecard is a prepaid card. It is one of the simplest alternative payment methods to use because you don’t need to deposit money into it at all. You simply buy a card with the amount you want to spend: $10, $20, $50, $100 or $200. When using it to fund your casino account, enter the 16-digit card number to transfer the funds.
The ease and simplicity of this method when making deposits is a definite advantage, but the biggest disadvantage to using this Paysafecard method is that you cannot use it to withdraw your funds from your casino account. Most casinos require you to use the same withdrawal method that you used when making a deposit. What this means is that even though you can fund your account with Paysafecard, if you want to cash out your winnings, you will need to make another deposit using a payment method that supports withdrawals.
If you are testing a new casino and you are not yet sure what its customer support, payment platform or gaming experience is like, then Paysafecard is a good option for making your first deposit. This method is also one of the few that allows very small deposits. However, please bear in mind that you will need an alternative to withdraw your winnings if you do hit a major jackpot.
Online casinos always require several forms of identification from you before they process your very first withdrawal. Sometimes casinos may ask for ID again with subsequent withdrawals (it varies from casino to casino). Casinos shouldn’t process withdrawals until they’ve received satisfactory proof of your identity.
Each casino requires its own acceptable proofs of identity. Usually, players will be asked to provide any one of these:
- Photo i.d. either a passport or driver’s licence
- a recent utility bill or other proof of address
- a copy of your credit or debit card (front or back) unless you used bank transfer or cheque