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Payment Options for New Zealand Online Casino

The New Zealand online casino industry has been growing rapidly over the past two decades after the enactment of The Gambling Act in 2003. Online casinos — virtual platforms that allow players to play various casino games over the internet — are popular primarily because of their accessibility and convenience.

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Knowing Your Online Casino Payments

Players can use different payment options in New Zealand casinos, including payment cards. The first is Visa cards issued, regulated, and processed by the Visa network and owned by Visa Inc.

The other is Mastercard cards provided and enabled by the Mastercard Foundation. Banks, businesses, and casinos partner with Visa or Mastercard to use their networks for payments through various integrations.

Closely related to these are direct bank transfers. These direct bank-to-bank payments move money from one bank account to another, in this case, between your bank account and that of the chosen online casino.

You can also make payments through different- e-wallet payment options, including Skrill, Payz, and Neteller. Users don’t have to expose their personal or banking details to the casino when using e-wallets unless the casino asks for identity verification.

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Safety and Security with Online Casino Payments

The best way to ensure you remain safe when depositing into or withdrawing from a casino is by choosing a secure payment method and a casino with a strong reputation for security. Casinos regulated by reputable gaming commissions typically have the best security, but research is a good idea.

Most reputable payment options are secure enough, but you have to be careful if you are funding them using options like cryptocurrency. Also, never hand your personal and payment details to casinos you do not trust, and you can use an e-wallet for an additional layer of protection.

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E-Wallets

As mentioned, e-wallets are convenient for casino players and merchants who want an option for accepting payments. One of these options is Neteller, which was originally a Canadian company started in 1999 that has since become part of the PaySafe group, a British global payments company.

It allows users to send and receive money through their accounts and e-wallets, complete online transactions such as depositing funds into their New Zealand online casino accounts, and transfer funds quickly and securely. The platform also offers users a Mastercard Neteller prepaid card for online transactions.

Skrill is another e-wallet solution that provides virtual wallets for online payments and money transfers. It was started in 2001 as Moneybookers and is now owned by the Paysafe Group. It is available in over 40 countries, including New Zealand, and allows players to store, send and receive money in over 40 currencies.

It also provides users with Mastercard virtual cards for online payments and is widely used in the casino and forex trading industries. Players can use Skrill to deposit money into and withdraw it from their casino accounts.

Although it is primarily an online payment and international money transfer solution, Payz also provides e-wallet and virtual card services. Players can deposit money into their Payz accounts through their app and then use their e-wallet to fund and withdraw money from their online casino accounts.

Another popular payment option for New Zealand online casinos is MuchBetter, an e-wallet that allows secure, fair, and affordable e-payments. It lets players deposit money into their casino accounts but does not allow withdrawals. Players can fund their MuchBetter accounts using credit cards, Bitcoin, and payment cards.

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Mobile Payment Options

The two leading mobile payment options accepted by casinos are Apple Pay and Google Pay, and players can only use these for casino deposits but not withdrawals. Both options use NFC technology to complete payments but can also be used on browsers.

Casinos leverage this latter option and the related and relevant APIs when integrating them into their casino platforms.

Players can connect their credit and debit cards to their Apple Pay and Google Pay accounts and use these as the source of funds when making deposits.

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Prepaid Cards and Vouchers

Prepaid cards and vouchers allow players to use whatever funds are available on the cards. The main difference between the two is that you can reload prepaid cards and use them for multiple transactions, while you cannot reload vouchers but use them for various transactions.

Because of how they work, players cannot use them to deposit funds into their casino accounts. The two most popular options in New Zealand are NeoSurf and PaySafeCard. NeoSurf provides pre-pay physical vouchers, while PaySafeCard utilizes a 16-digit PIN that players use for transactions.

Direct Bank Transfer

This payment method allows users to initiate payment directly from their bank account to the recipient’s bank account. Users can make these transactions through their online banking platform or by visiting their bank branch.

They are often used for large transactions, payments between businesses, and payments between customers and businesses, such as casinos. Direct bank transfers are also popular because they are secure, fast, and do not require a credit card or other payment intermediary.

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Understanding Fees and Withdrawal Times

Casinos do not typically charge for a deposit, but they do charge for withdrawals. The reason they do this is so that they can cover their transaction fees. You might be charged by your payment provider, solution, or platform for deposits and withdrawals, so read their terms and conditions to understand the applicable fees.

The withdrawal time is when it takes to get money into your bank account after initiating a withdrawal. Withdrawal times typically come from the payment providers casinos use to facilitate transactions, as they may need time to make the funds available and then deposit them.

Finding the Best Payment Option for You

The best payment option will depend on your preferences, the casino you choose, and factors like fees and withdrawal times. Pick a payment option that is reliable, secure, and has low transaction fees, as well as a casino that accepts the payment options you select and has low withdrawal fees and short withdrawal times.

To play at a casino, you must choose a payment method for deposits and withdrawals. With the highest paying online casinos, numerous options are available, from credit and debit cards to prepaid cards, direct transfers, mobile payments, and various e-wallet solutions.

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