Deposits and Withdrawals
Online Casinos may be mostly about fun and the thrill of jackpots to you, but to the Online Casino, it’s about dollars and cents, it is a business after all.
Each casino tries its hardest to provide you with as many payment options as possible so that you can deposit, whether it’s from a pre-pay card, a bank account or wire transfer. They want you to be able to put your money into their casino, as quickly as possible, using a payment method that you trust.
On top of that, players with a little experience will always choose online Casinos with either higher than average or higher quality, withdrawal methods so that when it comes to payday, they are able to cash out.
There is a host of payment methods available to online casino players in 2018 and choosing one will always be a mixture of personal preference and availability. Payment options will usually be sufficient and trustworthy, if you are playing with reputable online casinos. On this page, we will go through most of the payment methods for New Zealanders and the details on withdrawal options.
Payment methods
Sifting through the good and bad online casinos is challenging and there are many different areas you need to overview, one of the most important is definitely the available payment and withdrawal methods. All casinos need to be reviewed for both the cyber safety and speed of their payment methods.
Charges are also a factor along with potential caps that the casino may place on withdrawals per week or month.
Tip: If you are looking to get the absolute most from your casino play, check if your online casino is offering any payment method bonuses or a special incentive for you to use the payment method (casinos tend to do this with e-wallets).
Look through all the different payment options below to see which one may suit you needs:
Guide to Paying
Explore the various payment methods online that casinos use, their pros and cons and decide which online casinos offer the best in terms of money deposits and withdrawals. Most high quality online casinos provide players with versatility in terms of payment methods. The most popular methods currently used in New Zealand are: credit cards and e-wallets.
Credit Cards
Credit and debit cards allow both deposits and withdrawals from online casinos. Visa deposits are instant and free, whilst the withdrawals take from 12-36 hours.
E-wallets
E-wallets are the single best choice for online casino players who either don’t want to or can’t use their credit card at the casino, it’s safe and fast. Cash outs are swift, more so than any other payment method available, although beware, there are e-wallets that casinos simply won’t refund to.
Also, more importantly, if it specifies that they can only pay out to that e-wallet you deposited from, take note – because there may be a limit and if you win a jackpot, this can become problematic.
Popular e-wallets are: Neteller, used by most online casinos, is a well-known service with a good reputation for rapid transfer. However, their fees are high; PayPal, used by a small number of casinos, has a great reputation in other industries and wants to avoid controversy with casinos that are less trustworthy.
If a casino uses Paypal then you know they have been audited extensively. Paypal also have high charges; Other available e-wallets are Instadebit, Click2pay, ClickandBuy and Skrill.
Pre-paid cards
The way prepaid cards work is that casino users load up with funds and make deposits online, once the funds are depleted both the card and the 12-16-digit code become completely useless. This makes this method less traceable however, you obviously cannot withdraw using this method.
Formerly Ukash, Paysafecard is the most popular pre-paid card and rapidly being used by online casino goers. Its’ widespread availability means Paysafecard is accessible and players can control their online casino use and only use the funds that you have. Finally, as you are not required to share your financial information with the online casino, players get true cyber safety.
Cash transfer
This is by far, the slowest way to transfer money. Players can use Moneygram, Western union, Bank wire, eCheck, depending on what the casino accepts. Although online casinos despise when players transfer money to them this way, they must offer it as a payment method. Also, when it comes to withdrawals, this is the most likely way you will receive your winnings and it can take up to a month.
Mobile
When players decide to deposit via their mobile, they must be extra safe as the network and site they are depositing through must use both a high level of encryption and protection. Please review our recommended mobile casinos in the table below.
Preferred by Pokie-lovers
Pokie players tend to use prepaid cards and e-wallets a lot more than credit cards, we assume this is because they don’t want this to show up on their credit card statements, although it could be because they want to keep slots spending in check.
Depositing at online casinos
To get started at an online casino, initiate your Welcome bonus and play for real, a minimum deposit must be made. Depending on the online casino, this stands between $10-20 and regardless of whether the casino offers cashback or not, the initial outlay must be made.
This will require putting whatever details you have online and if you are hesitant it might be worth using a pre-pay card the first time around, you can always trade this in for your credit card later, when you have a more established relationship with the casino.
The processing of depositing should be swift, and you should see your account balance increase within minutes, if there is a delay that you weren’t expecting, contact the casino immediately.
Withdrawing
You’ve won! Now what? Players are quick to demand their money from the casino (and rightly so) once they have won. A read-through of the fine print before you even deposit is probably your best bet for a smooth experience as casinos will put limits on withdrawals amount in a set time period or by deposits methods.
It’s very unlikely that you can just press withdraw and receive your funds, there is a process, slower and much more frustrating than the withdrawal one. In addition, on top of the fee set by the withdrawal system, the casino itself may impose a charge, it has to be noted somewhere, make sure you check this off and are ready to either accept it or move on.
Bottom line
The bottom line is always, before you commit, read the fine print! Every casino has some regulations when it comes to payments and withdrawals, so before you get hit with charges, do a little due diligence and check that you accept whatever the casino has stipulated.