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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

Emucasino is the online casino from Australia, but is widely played in New Zealand too. It even accepts NZD as a currency for deposit and payout. There are two ways that you can play at Emucasino: free mode and real money betting. Both of them differ in the form of access.

Free mode

Free mode doesn’t require much from you. Actually, you don’t even need to pass through registration or log in. The games are absolutely free. Proceed to the lobby clicking the ‘casino’ or ‘live casino’ button on the menu. You now can select any game you like and then just play as much as you want. You will be given free credits. The amount of credits depends on the software provider. The purpose of free mode is to let you practise the games before you actually bet money.

Real money mode

The real money mode is different. It takes time for registration. However, the sign up process takes a couple of minutes. You will be required to enter your name, email address, password, secret question, phone number and so on. These are all safety measures, so Emucasino knows you are a real person and it’s ok to give you money later. It’s extremely advisable to enter only authentic information. The accuracy in the beginning will save you from further possible troubles.

After you sign up, proceed to the email box. Emu will send you an email for confirmation. This step is also required for safety purposes. Upon activating your account after the email link-click you may successfully start depositing. The deposit button can be easily found on the layout. Press it and select the option you need. Emu suggests all types of bank cards and several bank transfer systems with e-wallets. Along with funding again, you need to pass some steps of security check. Once you’re done with it, you can finally go to the lobby and choose a game.

Internet banking is a method for online payments that allows us to transfer funds from banking card to online casino account (in gambling). This also refers to eWallets that keep your banking card in their accounts. With the help of internet banking, players can make deposits to online casinos, and receive special welcome bonuses if they deposit using e-wallet (internet banking).

Money rules the world, as they say. And this is the real reason why players come to online casinos. However, not everyone can win big money on these casino sites. There are several factors that affect whether you win or not.

Luck

The first thing that mustn’t be failing on the players’ side is their luck. You know how it works. Sometimes your hand is so lucky that you win every round in a row. But there are days when you have failure after failure. So-called rainy days are affecting not only game results but your emotional status as well.

Randomizer – RNG

This thing was created to avoid any kind of cheating by online casinos and users. Users are safe to get the fair results, and online casinos know their games are not broken. Random number generators can directly influence the results of your session. Basically, it’s the same with luck. You either get a positive spin or negative one, and you can’t say which will be the next.

Addiction level

The most popular reason why players can’t win money and finally withdraw is that they can’t stop. Their mind tells them to keep spinning. They are hypnotized, so to speak. Whenever they feel like winning, they spin more and more. Eventually they win nothing. So, if you are an addicted gambler, even though you don’t know it, you can hardly win much on online casinos.

Small deposits

It can sound strange, but if you deposit too little, say $20, you can easily lose them all away. This is kind of a setting of RNG. They are programmed to leave a certain percent of your money to the casino (house edge). By the way, you automatically agree with this when you launch a game, as is stated in the gamerules. So, when you place bets and play, you are starting to lose the deposited money. And in order to get them back you need to place more bets. But the point is you might have run out of money. As a result, you’re left with nothing.

Concluding points

Players can win real money. Online casinos really pay out. If you fail to get the winnings, then probably you are lacking one of the mentioned factors. Thus you need to check them all in your case. If you can’t quit a game at the right time, work it out. If you deposit too small sums, make it a bit bigger. Finally, when you think the problem is your luck or randomizer, you need to take time and relax. Additionally, make up a betting strategy and place limits to the bets. After you get necessary experience, you will see how the real money can fill your bank account.

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