The casinos on this page have left a superb impression of us by covering these factors. They accept everything as payment from bank accounts to e-wallets and beyond. If you’re looking for a gaming site with easy deposits and withdrawals, we’d look at the casinos that have made our list. They’re there for a reason.
The Most Popular Banking Methods for Online Casinos
What are the most popular banking methods in online casinos these days? E-wallets and cryptocurrencies, if you’d like a simple and fast answer. The online gambling industry has gone beyond bank account payments, going digital instead. Sure, you can still use credit and debit cards, but casino deposits are way faster and simpler when you use cryptocurrencies.
Some players are not comfortable with using any other option than Visa or Mastercard, but it’s time to step into the brave new digital era. Bank transfers in casinos are a thing of the past. They are safe and secure, but plastic and e-wallets are the better options. The latter doesn’t even require a bank account which adds to the anonymity many seek when playing at online casino sites.
Debit card options such as Visa, Mastercard, and Amex remain a major favourite. American Express may not be available in all NZ casinos (or the country’s residents), but the case is different for Visa credit cards and Mastercard. They are virtually associated with almost any NZ bank, so you can use them easily to make a digital bank transfer.
E-wallets are a pretty popular option too. Skrill, Neteller, and PayPal are among the top options. Unlike a debit card, they don’t need a bank account. You can fund them using other debit card options or an e-wallet. Some even allow funding via cryptocurrencies. That’s what makes them a better choice than a bank transfer. Plus, these are digital options that often come with apps, making them an excellent payment method to use on the go. All you need is a legit account from the payment provider and a casino account too.
Each payment option has its own pros and cons. If you need more detail, we’ll explain the different types of online casino payment methods below.
Different Types of Payment Methods
As mentioned earlier, there are many ways to fund your online casino accounts these days. We’re not just talking about bank transfer, credit and debit cards. The industry was revolutionized with the arrival of e-wallets and even more when cryptocurrencies were introduced.
As a result, we have more payment methods to pick from than ever. Variety in casinos is always a great idea, and it applies to casino deposit methods too.
Debit & Credit Card
Credit and debit cards were the first option, along with bank transfers introduced in online casinos. This isn’t surprising, considering they’ve been around for decades. Year by year, they have quietly evolved. From a simple piece of plastic designed to pick up money from ATMs, debit and credit cards grew into a leading payment method for online transactions.
It’s the simplest and among the safest ways to transfer money in online casinos. If you ask most players what their favourite casino deposit options are, most will answer Visa and Mastercard. Almost all of us have a card at home. In most cases, they are issued by banks as online banking options linked directly to our bank account. Visa and Mastercard are providers who have built their name thanks to tight security and successful transactions in all kinds of online stores. The same goes for online casinos.
If you’re looking for solid speed and bank-level security, credit and debit cards are the best option. Keep in mind that some jurisdictions, such as the UK, don’t allow credit card gambling. Luckily, that’s not a problem in New Zealand, so you can freely use your bank account to deposit via credit cards.
Pay by Phone
The online casino industry has been evolving from the moment it was conceived. It’s always looking to improve customer service, coming up with new and exciting ways to make life easier for players. In the beginning, players could only use bank transfers to deposit money into their accounts. Visa and Mastercard came later. After that, the focus was put on digital payment options and how to find ways to pay via phone.
Smartphones are the gadget we use the most these days. We pay our bills via mobile phones and shop online, so it made perfect sense to pay for gambling via a mobile network provider. Mobile phone payments took their sweet time to arrive in this booming industry, but they’re finally here.
How does it work? That’s the best thing about it. You can fund your casino account now with your phone and pay for it later. The amount will show up on your next mobile bill, so you can pay for it next month. This is the biggest advantage to this popular payment method that’s quickly gaining steam.
Of course, it’s not all rosy. This deposit method is heavily restricted in terms of size and has no withdrawal possibility. You can make a casino deposit with your phone, but you (still) can’t get your winnings back on it. That’s a problem the industry has to solve, but we’re sure a solution is coming soon.
Another big drawback is the fact that, unlike a debit card transfer, this option is not available everywhere. Many network operators are against it so that you won’t find it on offer in casino sites around the world. The limited availability will let up as this deposit method gets more and more popular. If you ask us, it should be available at each casino site.
Bitcoin and Cryptocurrencies
If there’s one deposit method in the online casino industry that’s blazing hot right now, it’s cryptocurrencies. Cryptos are all the rage these days, being in the news for right and wrong reasons. We’ve all heard about Bitcoin and the blockchain, throwing terms around like we know what they represent. The fact of the matter is that it’s a complex technology, but also one that could change the online gambling industry. As a casino payment option, Bitcoin and other cryptos have a lot of potentials.
Decentralised Deposit Method
You’ve probably heard that cryptocurrencies are decentralised payment options. What does this mean? They’re not regulated by any central authority such as the government or central banks. Instead, all transactions are verified by users of the blockchain, which also guarantees anonymity and impenetrable security.
The anonymity is the reason why they’re so popular at a casino site in 2023. In addition to the speed, of course. Bitcoin and the gang have lighting-fast transaction times that beat any other option, including credit cards and e-wallets. Of course, they’re not accepted in all online casinos and jurisdictions, but there’s a growing number of gaming sites that are interested in the crypto world.
Speed That No One Can Beat
Whether you’re using Bitcoin, Ethereum, Litecoin, or any other cryptocurrency for online gambling, their speed is unbeatable. That’s because the blockchain approves transactions instantly. There are no middle-men involved, which cuts back on fees and processing times. Of course, cryptocurrencies are not globally available, but more and more online casinos accepting cryptocurrencies are popping up.
Your online casino account will be funded in seconds thanks to Bitcoin or another coin entirely. Of course, it’s all legit if you already own cryptos which require a crypto wallet. Their security can rival that of a bank transfer. The blockchain validation is finite once processed, and no one can peek into your transactions as they can do with credit card details left online.
Thanks to speed and anonymity, cryptocurrencies are among the ultimate payment solutions for online casino transactions.
Wire transfer
Is wire transfer still a viable banking solution to use in 2023? Yes, but who would be using it, considering how slow it is? The only advantage is that you’re using money from your bank account, but that has its negative sides as well. First of all, if you don’t want online gambling to show up on your account, a wire transfer is not the ideal option. That, plus the ‘speed’ it offers, make it a very unfavourable casino payment method for New Zealand players.
Sure, nothing beats the security of wire transfers, but they pass through so many filters that it takes time for the money to reach the casino. On the positive side, wire transfers usually have pretty high limits, so if you’re planning to deposit a large lump of money to your casino account, you probably need to wire that money.
But, again, NZ players have digital banking options if they plan on using their bank account for deposits. Wire transfers are the slowest payment method that you can use in online casinos, so you should stick to other options.
Wire Transfer Casino Payment Methods in New Zealand
Not all NZ banks will offer wire transfers to your online casino account. Some may block casino deposits via wire transfers simply because their rules are too strict. The good news is that many of the top New Zealand banks allow it. If your bank allows it, it probably allows a debit card deposit too, which is the better method unless you’re a high roller.
If you’re planning to deposit more than NZD 100,000, for example, wire transfers are the ideal choice. Many players feel uneasy depositing that kind of money without the security banks promise. Not the most instant deposits by any means, but the security is unbeatable and the limits high.
E-wallets and Prepaid Cards
If you ask most Kiwis what they use as casino deposit options these days, they will instantly answer e-wallets or prepaid cards. It’s the ultimate payment solution if you’re looking for relatively anonymous payments, and they’re fast too. In terms of security, they’re almost as secure as card transfers but much faster and with reasonable limits.
New Zealand players can use a variety of e-wallets or a prepaid card to fund their casino accounts. Neteller, Skrill, and PayPal are the most popular e-wallet options. They’re both a part of the same company and share most of the features. Of course, they also accept USD, so that’s something many players love. Speeds are instant even for withdrawals sometimes, and security is pretty strict. They’re easy to use on desktop and on the go, and can be funded in a variety of ways, so you don’t need a bank transfer. PayPal is the world’s leading e-wallet, notorious for its security and being picky about who it works with. In general, it’s a pretty similar option to Neteller and Skrill in terms of speed and limits, which may also be imposed by the casino.
Prepaid Card
Casino players in New Zealand in New Zealand also love using prepaid cards to deposit money in their online accounts. They are a fantastic bank-free solution that you can buy online or in stores. You enter the PIN number in the casino and redeem the full sum or part of it, allowing you to play with the funds instantly. The only downside is the limited amount of money.
When it comes to prepaid payment solutions, paysafecard is the best choice. It is widely available throughout New Zealand online casinos and allows deposits up to USD 100. It’s a great solution for players who want to keep their spending under control. Once you redeem the money on the card, you can just throw it away. Securely, of course, since it’s plastic.
This payment method is safe to use and pretty fast, but it requires an alternative solution for withdrawals. As mentioned, it is severely limited in terms of size, so it’s probably not a good idea for high rollers. However, casual and weekend NZ casino players love it since you can’t fund it or spend more than what it has on it.
So, if you’re planning to make a casino deposit and use another withdrawal option, a prepaid card is the best choice. Many online casinos accept it, so you won’t have to look hard to spend your prepaid money.
Apple Pay and Google Pay
If you own a smartphone (and who doesn’t?), you’ve probably come across Apple Pay or Android Pay. They work on iOS and Google OS’ respectively, and are essentially the financial services for these operating systems. To put things simply, you can use them on your mobile devices to make payments in online casinos and web merchants.
Both payment providers are among the most popular payment methods for NZ casino fans. Of course, each one works independently, so you’ll need an Android or an iPhone/iPad to use any. These services tie into your credit or debit cards so you can fund your online account with ease. They’re easy to set up and use, although availability per country may vary.
Google Pay
Recently rebranded as Google Wallet, this option allows you to store a credit or debit card online and use it in online stores. It’s the default payment option for Android fans and one that’s very easy to use. There are limitations, of course, including using an Android device of a certain OS iteration, but considering its popularity, we don’t think NZ players use mobile phones older than ten years.
Google Pay allows you to pay with your phone swiftly in online casinos. Your online account will be funded in under a minute, taking money straight from the card you’ve assigned to your Google account. Of course, the limits will be set by the casino operator, but in general, that shouldn’t be that big of a problem for most Android users.
Apple Pay
The same can be said about Apple fans. It doesn’t matter if you’re a fan of Android mobile devices or iPhones/iPads. Apple Pay is a direct competitor to Android Pay, allowing you to do the same, but with iOS devices.
Regardless of which OS you’re a fan of, you can make casino deposits on the go with your card details easily. It’s a seamless and very convenient payment option, so if you own an iPhone, you will most certainly be inclined to use it over any other method.
Transfer of Funds
Transfer of funds from your bank account is a simple and for many NZ players convenient way of funding their online accounts. Similarly to a bank transfer, this option usually has higher limits than any other. It’s still slower, although because it’s digital, it’s a much faster option than a wire transfer.
Every online casino will impose limits when using this payment method. Make sure to take note of the minimum deposit when transferring funds from your bank to a casino on the web, and pay attention to the maximum withdrawal, as you may not be able to claim the full sum of your winnings.
