Home » Blog » Best Online Casino Payment Methods

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
Rate this post, please:
  1. 5
  2. 4
  3. 3
  4. 2
  5. 1

FAQ

What is in the article?

 

  • What is the process of withdrawing?
  • Tips for convenient money processing
  • Methods for withdrawals

What is the process of withdrawing?

First thing you should take into account when thinking of cashing out the winnings is the time it takes to transfer the money to the banking account. Regardless the deposits are instant, the withdrawal process requires some security and verification processes. As soon as you made a request for withdrawing, don’t be shocked, it can take up to 4-5 days for the money to transfer from the casino account to your card. Although, it’s usually a lot faster, especially using e-wallets, because e-wallets are the quickest method right now. Such payments systems, like Skrill or Neteller, take from 0-72 hours to make a transaction. However, the bank wire transfers will take much longer.

Tips for convenient money processing

Don’t cashout the whole sum. If you win a large amount of money and are ready to withdraw all of them, ask yourself two questions: am I going to continue playing? or am I going to stop gambling for a while?. If you think to continue playing later, we recommend you to keep some money on the account and do not pay out every cent. Otherwise, you will have to again make deposits and just spend too much time on it.
Think ahead. Create a weekly plan when you will make a withdrawal, for example, on a certain day on the week, and stick to the plan. In this case you will always know when the next transfer is, and when the money drops on the banking account.

Methods for withdrawals

In fact, each casino provides a list of available options to make payouts. Mostly, the list is pretty similar, however, different casinos provide different withdrawal time, security aspects, privacy and other features. The fastest methods are e-wallets, such as Skrill, Instadebit, PayPal, Neteller, EcoPay, and Citadel. All of them provide fast transaction and secure service.

Conclusion

All things considered, money transferring, especially payouts, take some time. In order to minimize the time you should choose the suitable method and stick to the useful tips and strategies. Furthermore, there are a large number of methods you can choose from, however, not all of them are free and secure. By that, we recommend you to use e-wallets from our list and be confident in your financial safety.

ave you ever hit the Jackpot? Well, The Captain Davo has. The 25 year old streamer on YouTube called The Captain Davo, demonstrates how he wins the Jackpots at casinos, both land-based and online. David Nicholas, this is the real name of the young gambler, has become famous for his addiction to casino games. He posts beautiful pictures in his Instagram showing off not only big wins, but also sports cars, yachts and girls around him. His life is rich now due to the land-based casino that he uses pretty often – Crown Casino, popular in Australia. Apart from his favourite Crown, The Captain plays slots and table games at the online casinos. David mostly plays live Blackjack and wins hundreds of thousands. You can watch the video of the process on YouTube. These are the couple of online casinos that The Captain Davo uses.

MrBet – the online casino also popular in New Zealand is offering over 1500 games and welcomes everyone with a generous promo of over NZ$2000.

Emu Casino – another Davo online casino including more than 800 games of any kind, it is safe and supportive as well. Try Emu and maybe you will win as much as Davo and even more.

Even though the results of Davo games are impressive, mind that he bets a big sum too. The anti-gambling authorities consider that his blog will encourage the young people to play at the online casinos which can be very sorrowful for them later. Thus, make sure you understand the trouble and play responsibly.

The verification procedure performed in advance (comparing the account data with the player’s documents) allows not to carry out this verification when withdrawing funds. After verification, the withdrawal goes as quickly as possible.

More articles on gambling topic

15.02.2021 499
In any video game, the software developer is a key indicator of the quality of the game. It gives comfort to the user and, most importantly, guarantee winnings. There is ...
19.10.2020 607
Playing casino games always means a lot of fun. Therefore, you can find thousands of fascinating games in the casino libraries. However, how can you identify a good casino? That’s ...
06.07.2021 517
Pragmatic Play launches a new fun and exciting online slot. At the beginning of July 2021, the leading software provider revealed a new slot machine named Empty the Bank. Pragmatic ...