There are a huge number of ways to spend your money at online casinos. As a beginner to online casinos, you might be unsure about all the various online casino payment methods for deposits and withdrawals. That’s why this guide will focus on various casino deposit methods, how to withdraw casino winnings, and other financial matters. This guide will tell you everything you need to know about paying and playing at New Zealand online casinos is here, so keep reading on!
Paying with E-Wallets in Online Casinos
Think about what you usually carry around in your wallet. Usually, it is some money, cards, etc. E-Wallets are basically a digital and online version of that. E Wallets will store the credentials of multiple bank accounts, debit cards, prepaid cards, etc. You can add any account or card you own to e wallets.
When paying for something at online casinos, simply select which account you want to use and confirm the payment. The advantages of e-wallets include convenience, security and occasionally rewards from the provider. However, there are also disadvantages. Some ewallets charge their users a small amount for each transaction. E Wallets can also make it easy for someone to overspend.
1. Jackpot City – 500 Titles with 1600$ Bonus
2. Karamba – 200$ Bonus and Free Spins
3. Spin Casino – Neteller and Skrill supported as Payment options
Mobile Payment in Online Casinos
Nowadays, almost everyone carries around a smartphone. There are many extremely popular mobile casinos around. Since most players will play mobile casino while on the go, the payment or deposit method has to be quite streamlined.
With mobile payment methods, there is no need to carry around a credit card. Mobile payment providers make payments quick, secure and easy by interfacing with your card or bank account. There is no need to go through all the security procedures of a card or bank transfer.
Whether you use Poli, Google Pay or Apple Pay, the process is similarly quick. It is usually a two-step authentication process, where you first enter a password or a biometric lock like fingerprint or face ID, then simply confirm the payment. So, the advantages of using Mobile payment methods include speed and security, as well as the fact you can pay from anywhere you like.However, the disadvantages include the fact that it is very easy to overspend without noticing it. Also, if you lose your phone, it is a long and troublesome process to get the payment set up on a new phone.The top three casinos to use Mobile Payment for deposits and withdrawals are:
1. Twin Casino – Best for Online Slots
2. Dunder – 2700+ Game Titles with Mobile payments enabled
3. King Billy – Jackpot Slots offered by award-winning casino
Pre-Paid Casino Payment
Another way of paying for your wagers in online casino games is to use a prepaid card. As the name suggests, with a prepaid card, the user puts in a certain amount of money in advance. When they want to spend the money, they can open up the payment portal and confirm the payment with a few clicks.
The main advantage of prepaid cards as a deposit method is that they are more anonymous than e-wallets or mobile payment. It does not access your credit card or bank account directly. It is also fast and secure, like other payment options or casino deposit methods. The main disadvantage is that a prepaid card will only have a certain amount of money in it. If that money runs out, you will have to ‘refill’ it again, which can be a hassle.
The most commonly used prepaid cards in NZ are VISA Prepaid, MasterCard Prepaid, Neosurf and PaySafeCard. The latter used to be known as Ukash.We picked out the top three casinos where you can use prepaid cards for deposits and withdrawals. They are:
1. Gate 777 – Great Welcome Bonus with Neosurf
2. Maneki – 1000+ Slots with VIP Rewards
3. Playzee – No-Deposit Bonus with prepaid card payment methods
Casino Payment with Cryptos
Anyone who has kept up to date with the latest tech will have heard of cryptocurrencies and blockchain. The most well-known cryptocurrency is Bitcoin. It is difficult to explain how crypto works, but the gist is that “miners” mine the currency, which is then used to carry out transactions since it has a value in real money.
When a transaction is carried out, the details are stored in the blockchain, which is like a database. It only stores payment info. No personal info is stored. In NZ, the main currency used is Bitcoin.
The biggest advantage crypto currencies have as deposit options is that they are completely anonymous.However, this comes with a downside – online casinos that deal in bitcoin are not as trustworthy. Only the relatively lax Curacao license allows a casino to use cryptocurrency. Other licenses, like Malta, Gibraltar, UK, etc, are stricter in terms of checking legitimacy, and they do not allow crypto as a casino deposit method.The best three casinos in NZ to use crypto payment to make a deposit are:
1. Bit Starz – 3000+ Titles with Great Bonuses
2. Playamo Casino – Crypto accepting casino with high Ranking
3. Nomini Casino – 24/7 Support as well as Welcome Bonuses
Credit Cards / Bank Transfer / Bank Wire
Some people prefer to carry out deposits and withdrawals the old-fashioned way. So, using a credit card or a direct transfer is still completely viable. Credit or debit cards have been around for a long time, so they are stable, reliable and trustworthy. The most popular credit and debit cards used in NZ as casino deposit methods are American Express, VISA and MasterCard. American Express is the least popular of the three.
However, not everyone has access to credit. Those who don’t can simply carry out a direct bank transfer. Wiring the money from your bank account is ultimately the safest payment method, since the bank will immediately alert you if anything goes wrong.
The advantages of credit cards or bank transfers is that they are totally trustworthy. You don’t have to give any financial information to a third party.On the flip side, they are the slowest of all the payment options. Some credit and debit cards, like American Express, are not accepted at all NZ casinos. So, while VISA and MasterCard owners should be fine, Amex users should note which casinos allow it.The best casinos for deposits and withdrawals using direct transfers, or credit or debit cards are:
1. Casumo Casino – Wire Transfers and Cards accepted
2. Spin Palace – Great Live Casino with Good payment options
3. Casimba – NZ$500 Bonus with 500+ Titles
Secure Casino Payments
Casino payments are kept secure through encryption and other cybersecurity measures. Encryption basically changes any information you enter into unreadable code. So, hackers or cyber criminals can’t read the information as it travels through the internet. When the information reaches the casino’s server, it is changed back to a readable form.
Similarly, any information about you is stored using encryption, so any hacker who breaks into the casino’s database can’t learn anything about you or your financial details.
Regulators
For online casinos, security is typically regulated by licensing organizations. They are branches of the government in each country. Since the online gambling industry can bring in massive revenue, yet can become a social problem, government regulators keep a close eye on casinos.
There are more than 70 different Regulatory organizations around the world, each of them based in either a country or a state inside a country. For instance, The Malta Gaming Authority, Gibraltar Regulatory Authority or Curacao Gaming Control Board are well known as international regulatory bodies.
Additionally, there are third party auditory bodies, such as eCOGRA (e-Commerce and Online Gaming Regulation and Assurance) and TST Global. These third-party organizations provide an extra level of assurance that the casino is trustworthy and secure.
