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Best Online Casino Payment Methods

Which is the best payment method for online gambling? This question concerns every active player. But what do players mean by saying the best payment option? This is probably the fastest one; a method that implies no fees; and a method that’s easy to use. Well, there are multiple payment systems that match this description. Let us break down all the best online casino payment methods in this post.

Cryptocurrency

7Bit

$400 or 3BTC

Welcome Bonus


Mirax

5 BTC + 150 FS

Welcome Bonus


Katsubet

$500 or 5BTC

Welcome Bonus

Today, cryptocurrency is the fastest casino payment method. Nearly every casino player in New Zealand has a few crypto coins in his digital wallet. And this is quite common to pay with crypto at online casinos. Although it’s still a new payment option, some players choose it, and they don’t regret their choice.

Cryptocurrency is a widely spread method among casino operators. However, not every site accepts it yet. Nevertheless, different altcoins are accepted at new online casinos that keep up with the times.

If you are planning to use crypto for deposits, mind that most casinos accept bitcoin, litecoin, dogecoin, bitcoin cash, ethereum, and tether. Other alts like Cardano, ripple, or BNB are also available at certain bitcoin casinos, but they are less common.

Crypto casinos offer instant deposits and very fast withdrawals. Usually, it takes about 10 minutes to process a payout. But it may take up to 24 hours depending on your account activity.

This payment method may incur some fees but they are quite low in contrast with fees of e-wallet services, for example.

E-wallets

Platinum Play

NZ$ 800

Welcome Bonus


Spin

NZ$1000

Welcome Bonus


Casumo

$500

Welcome Bonus

E-wallets are some of the fastest systems as well. They go equal with cryptocurrency in terms of payout speed. Both deposits and withdrawals are quite fast. Though in comparison with cryptocurrency, e-wallets use fiat money. However, some e-wallets can be used for transferring crypto as well. So if you don’t know how to transfer crypto coins to an online casino, try doing it via an e-wallet. All you need is to choose a currency.

Generally, e-wallets are easy to use for online purchases. A player needs to create an account and verify it with the documents in order to be able to transfer money. Without verification, you will not be able to make transactions through your e-wallet.

For your convenience, you can download a mobile app and have an e-wallet at your fingertips. Using e-wallets for casino deposits and withdrawals is pretty simple and straightforward. All steps are described in the banking section, so you will not get confused.

Payouts usually incur fees, but your casino may take them all upon itself. Plus, each e-wallet service has its own charges for transactions. These may include charges for international transfers, currency conversion, cashing out to your bank account, and so on.

Among the best online casino e-wallets, players highlight PayPal, Much Better, Ecopayz, Neteller, Skrill, and some others. Choose your favorite one after learning all the information about each e-wallet.

Internet banking

Zodiac

NZ$500

Welcome Bonus


Gaming Club

C$350

Welcome Bonus


Rizk

100$ 50 FS

Welcome Bonus

Some services can act as a third party between your casino and your bank account. These can be e-wallets and internet banking services. There are Interac, Trustly, POLi, iDebit, InstaDebit, and other services that accept NZ players.

These private companies are partnered with banks and transfer money directly from your bank account to the casino operator and backward. It’s worth mentioning that not all internet banking services support withdrawals. But all of them support deposits. So make sure to check this info before signing up with any company.

These payment methods usually apply fees for transactions but it depends. For example, if you transfer money across your country, you might not be charged. But when you pay for international services such as online casinos, you can be charged a certain percentage.

Internet banking services are fast and easy to use. Payouts are usually instant. However, depending on the casino, it can take a while to process your transaction. Plus, you might be charged for transferring money to your actual bank account.

Bank cards

Jackpot City

NZ$1600

Welcome Bonus


Leovegas

$1,000 200 free spins

Welcome Bonus


Royal Vegas

NZ$1200

Welcome Bonus

Bank cards are a very popular choice. Although they offer rather slow payouts, players still choose them because they trust them and they know how to use them. Everyone in the modern world knows how to pay online. It’s super easy to enter your bank card details, verify the transaction, and pay. The same goes for payouts.

However, sooner or later, casino players try to get a new payment method for gambling. There are different reasons for that. Some players do it for security reasons (they don’t want to disclose their banking information on a casino site). Some players do it for playing more responsibly (since all money they have is on their credit or debit cards, they are afraid of losing all of them, so they search for a different option). Others have their banks block gambling transactions so they can’t use bank cards for online games.

Nevertheless, if you still choose a bank card over another online casino payment method, mind that payouts will be a bit slow. It can take up to 5 business days to deliver your winnings to your bank account.

That is the main disadvantage of bank cards. But in general, bank cards are easy-to-use, fast, and incur almost no fees. Besides, they are accepted by all New Zealand online casinos except for crypto-only sites. So most operators will accept transactions via MasterCard or Visa, and even their prepaid Vanilla cards.

To conclude

No matter which payment method you choose, there are both pros and cons to using each. So before you make your decision, make sure to learn everything you can about an option you’re about to pick. Learn about the fees, maximum and minimum limits, mobile compatibility, and other opportunities offered by the payment service. Plus, check a casino site and clarify if it accepts your chosen payment method, if there are any charges, and how long it takes to see your winnings in your bank account.

Also, mind that most online casinos require players to verify their account with documents such as passport or driver’s license. However, this step can be skipped if you use cryptocurrency or e-wallets.

Best Online Casino Payment Methods
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FAQ

I hope you are aware that stealing money in any form is totally illegal. Even if you want to multiply your balance at an online casino account. It’s still considered as a crime and punishable by law. I’d never recommend doing it. But since this question is quite popular, I’ll try to explain some back-ways.

Can you hack the casino?

To be honest, slot machines are not easy to deceive unless you are the smartest hacker in the world. Basically, all cheating ways are connected with a form of hacking. So, you’d better have a deeper knowledge of computers.

Hacking skills can be helpful when you’re planning to reward yourself with some winning rounds setting up the RNG in a not very random state. You could modify the winning results that way so they were more often.

However, don’t expect that you will get away with this. The security check service of online casinos works better than you think. And even if you can do it once, don’t hurry to give it another try. Most probably, the guards have already determined your identity. They are not that stupid. They are actually the first-class professionals too.

The most popular way to cheat

Another cheating way would be applicable with the help of several screens and a bonus. As we know, bonuses have wagering requirements. So, in order to withdraw you have to meet these requirements. Let’s suppose you have taken the bonus offer. Here is what you do.

Load one and the same slot game on different screens, e.g. your laptop, computer desktop, tablet. Start playing it on one screen. Once you get a chance to play the bonus game, stop. Leave the screen for another one. Again play until you come to the bonus round. Repeat the action till you meet the wagering requirements. As soon as you do it, go back to the bonus-open screens and play them all through. Then quit and go to banking. This way will give you much profit, in case you don’t get caught, though.

Don’t steel from other players

These are the most common ways to cheat slot machines. Besides, you can steal someone’s account info or credit card data to play the slots for their money. Though it wouldn’t be an option for stealing from the online casinos. Anyway, if you have no sense of conscience and fear of being punished, go ahead.

Luckily, you have an opportunity to figure out the casino’s structure. To be aware of casinos that manipulate with players’ money and provide unfair activities. It’s important to realize the security system, welcome offers and payment methods. There are, actually, few casinos that support all necessary requirements to pay out the most. The real problem comes when you start to search for good platforms and hardly identify the legality and the payoffs process. However, we will show you the main principles of how to find the casino that pays out the most.

Check the important factors

Firstly, look at the ratings and find the ones you think are suitable for you. The ratings are built with strict scores of each category. When we create a rating, we always include the following categories: security, support, welcome offers, game selections, deposits and withdrawals, legality of activities and the interface convenience.

There are few casinos that really payout:

Jackpot City – top casino that pays out really well with a high RTP rate. In fact, RTP stands for Return to Player rate, which means how much money will return back in the long run. The higher the percentage, the higher the amount that will return. Jackpot City has a really high RTP of 95,77%. Moreover, the casino follows all criteria, which we discussed above, including high security, bonuses, fast payment methods and excellent support.

Conclusion

Knowing the main principles of how a casino pays out, you may take all advantages out of that. In addition, don’t forget to check the RTP of a certain game, in order to have a higher chance to win. However, more importantly, check the legality part of the platform. In other cases, you would win nothing.

The gambling industry is just the same as any other industrial field. Online casinos refer to the online gambling industry, to be more exact. Anyway, this occupation takes its position in the world economy. The online gambling business prospers making new sites appear on the market.

And like any other business, online casinos must be regulated by special laws and authorities in the field. The laws of your country state whether gambling is permitted or not. The specific bodies related to gambling act according to the laws of their countries and have a right to issue official licenses for online casinos.

The most known regulating authorities are Malta Gaming Authority, UK Gambling Commission, Gibraltar, Curacao and others. Under their jurisdictions the online casinos are obliged to follow the terms. If some rule was violated by the casino site, including mistreatments of users, the licensee imposes fines and even some restrictions up to casino closure.

There is also a different type of regulating bodies. They issue certificates to prove the games provided by the casino are fair. The popular authorities are the eCommerce Online Gaming Regulation and Assurance or just eCOGRA. Them and Independent Auditors carry on constant tests on all the casino games. The whole variety of the online games are tested for randomness and fairness. As for the random games, they are powered by RNG mechanism.

This is what you should know about casino regulation. Besides, as these bodies operate the work of legit casino sites, you should primarily test a selected gambling site accordingly. Check if gambling is legal in your country, if the casino has a license and certificates. Every respected online casino must provide this information to the public’s view.

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