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.
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 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.
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 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.
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.
Online gambling industry is very profitable not only for casinos, but for marketing too. In fact, if a person starts an advertising campaign about online casinos, the result will be incredible. The thing is that anyone can fall for a catchy advertisement inviting to get money almost for nothing, for entertaining games. And if people click on the ad or, moreover, join the promoted online casino, the advertiser is in a big advantage. This is how it happens.
The other problem is to find how and where to advertise online casinos. This is not so hard, though, since online gambling is not strongly prohibited now. It is very common to promote online casinos on social media sources, specialized websites, and various search systems like Google. The following are the Internet sources where you can place the ads about online casinos.
- Google. This is the mostly used source for advertising on the net. Its biggest advantage is the range. Google is worldwide, so any person in the world can see the ad.
- Social nets. To be more precise, Facebook, the most famous social network in the world. Again, it is used from every little part of our planet. However, the Facebook regulations set some limits to the ads. For example, you cannot show the online casino ad to people under 18. So, check the terms before placing some ad on FB page.
- Specialized website. In a word, the websites about online casinos, with the reviews, comments, FAQ and other info about gambling. This is, in fact, the most expensive option. Basically, you will have to launch the whole website from the very start, to fill in with information, pictures and cool overall graphics.
- Affiliate program. All the online casinos have got the program. It is made with a purpose of advertising. For example, if you already have a site, you can join the affiliates. Thus, you just need to place an ad on your site. If someone clicks and registers at the casino, you get paid.
Advertising online casinos, you can make money as easily as playing their games. But with one difference. You will get paid the money. In the advertising, there are no doubts, nor random results. This will be profitable, for sure.
Among all the games presented in the lobby of online casinos, surely, there are games with the HOT and COLD marks. Perhaps, you are confused by the signs and hesitate which game to play: hot or cold? Let me clarify this moment for you.
The HOT games are the top games, in other words. They are the most popular among online players. Generally speaking, the HOT sign means that gamblers have played this game a million times and are still playing it. To cease your high expectations, it does not mean that the game brings much profit. However, if it is a progressive Jackpot game marked HOT, then you can hit the Jackpot with a high probability. This is due to the fact that there are too many players betting at the same time.
On the other hand, the COLD games are not so different from the HOT ones. The only thing in contrast is the number of players. COLD games are not so popular, so they are marked accordingly. Again, it does not mean that COLD cannot be profitable. They are ordinary games with the same high RTP.
To do this, you need to enter the “Cashier” section of the selected casino. In the “top-up” tab, the size of the minimum deposit for each payment system will be written.