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 week days, 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 you’re 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.
At Best NZ we like to recommend e-wallets for online casino payment methods. We think they’re one of the most reliable and convenient method 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 fastest cash outs 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 in to 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 are 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 don’t require any registration or credit card and no fees are applied. POLi lets you make deposits into any 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 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.
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 their 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