It’s human nature for anxiety levels to rise anytime you have to part with your money, especially when dealing electronically with a party you can’t see at the other end of a transaction. With digital scammers lurking in cyberspace, it’s logical people yearn for ultra-safe methods of making payments on electronic platforms nowadays.
Well, gamblers in Aotearoa New Zealand are no different in trying to keep their stress levels in check when entering the domain of online casino and sports betting platforms to wager. That’s why we’re dedicating this concise article to the best payment methods for online gambling in New Zealand. When you finish reading our analysis, we believe you’ll have the confidence to carry out transactions with trustworthy online gambling platforms for a memorable experience.
We can hear the echoes of numerous legitimate questions from our online Kiwi gamblers and punters:
Don’t fret! We have visited official sites to save you valuable energy and time, so you can channel them in playing your favourite pokies. We recognise the need for a clear frame of mind when placing bets. You don’t want to be in a foul mood. Transactional hiccups can do that at a drop of a hat.
New Zealanders are at the other end of the world from where technological strides are made but that doesn’t mean they’ll compromise their safety and security. Finding a glitch-free payment method is paramount. We take a look at features that offer Kiwis peace of mind.
Just as New Zealanders find different online casinos/sportsbooks suit their requirements better, payment methods shouldn’t be a one-size-fits-all prescription. If you’re up with the play on modern payment gateways in the e-commerce jungle, then knock yourselves out. If not, don’t be embarrassed about remaining faithful to your true-and-tried traditional payment methods. Here’s a concise look at what you can base your decisions:
These are the main go-to payment method for New Zealand gamblers and punters. A fair assumption is that a sizable number placing bets are middle-aged Kiwis with disposable income. They’re more likely not to stray from the traditional cards although the anti-gambling lobby groups are mounting pressure on the New Zealand Government to ban the use of credit cards, akin to Britain and Australia. American Express, MasterCard, and Visa are the most preferred of debit/credit cards in New Zealand. The differences between the cards are minimal although Visa tends to have an edge. MasterCard’s electronic hero came in the form of Maestro in 1991 but it seems the Europe-based debit card hasn’t made too many inroads here. Amex makes cameo appearances.
New Zealand gamblers will find trustworthy operators will accept these methods as instant forms of deposits and smart-time withdrawals. While operators insist on Kiwis following procedures for their own safety, they don’t stand in the way of payments. Any delays, especially with withdrawals, tend to be on the part of the payment providers. Reputable operators rubber stamp applications within 24 hours.
Logic suggests — putting aside the younger adults’ penchant for gambling — that these methods will eclipse debit/credit cards. It’s not a case of if but when it will with a rapid and secure service. Most marquee casinos/bookmakers accept e-Wallet/prepaid cards.
Here are some of the e-Wallets/prepaid cards Kiwi gamblers and punters are partial to:
Habits die hard especially with middle-aged and elderly folk who aren’t tech savvy. That shouldn’t be an issue at all because, ultimately, having the best iGaming experience is the goal. That’s why electronic bank transfers play a pivotal role in ensuring their stress levels remain low.
That simply means your bank can make an electronic transfer of money from your account to any other around the world. That makes this an ideal gateway for gamblers. However, banks on either side of an entity/individual transaction may end up levying you nominal fees. This method is ideal for those who are time rich or anxious that their withdrawal money won’t drop into their accounts quick enough. Deposits tend to be instant.
Alternatives: Among a swag of other payment methods are cryptocurrencies and phone payments. The jury is out on how many Kiwi gamblers use them. With the calamitous decline of cryptocurrencies, any worthy traction in New Zealand would have come to a crawl now. Apple Pay and Google Pay should have some following among the millennial iGamers but it pays to know that you can only make a one-time $NZ10 deposit payment. It’s good for those who need to keep their gambling urges in check.
No doubt, this will vary among Kiwi players. It’ll depend on variables such as the age of gamblers, time they have, and whether they are high rollers or casuals. Our advice is to read the terms and conditions on the mobile sites of operators to see what suits you best. How fast a provider pays is easy to work out in our article’s listing below, but you must check to ensure if the gateway qualifies for bonuses and other promotions. Does that service allow for deposits and withdrawals?
All providers on our list offer a fee-free service and have instant deposits, bar electronic bank payments which can take from 2 to 10 business days for deposits; 5 to 28 days to withdraw; require $NZ100 minimum for transactions and a maximum of $NZ50,000. The withdrawal times of payment providers vary. So do the minimum and maximum amounts required for transactions.
Having read our article and made a list of what suits you, it’s time to opt for a payment method. Are you just a casual gambler who yearns for an adrenaline fix or a medium-to-high roller?
This simply entails following the same sequence as depositing but in step 3, instead of clicking on “deposit”, activate “withdraw” from your iGaming account of the online casino operator/bookmaker. No doubt, you’ll have to wait for an email confirmation, bearing in mind not only the minimum/maximum limits but also the time it’ll take for your payment provider to process your application. The online casinos tend to approve gamblers’ withdrawals within 24 hours.
Note: Become familiar with casino links that outline verification and KYC (know-your-customer) documentation to protect you from scammers and identity thieves. The other thing you should watch out for is ensuring your choice of payment method qualifies for any casino/bookie bells and whistles you fancy.