IGaming offers multiple benefits to casino lovers. The ultimate is convenience, as players no longer have to travel to land-based gambling sites. Instead, they’ll just need a gadget and a stable internet connection. It is no wonder then that many players are turning to iGaming, including New Zealand casino players, even after the passage of the Gambling Act of 2003.
But it’s not enough for New Zealanders to be able to play online. More and more casino players these days are becoming more picky about the payment methods offered by online casinos. They want convenience and security when it comes to online gambling sites that offer banking options.
In this post, we will address the different payment methods offered by New Zealand online casinos.
Thanks to the research work of the BetPokies team, we were able to write this article.
Credit cards
Most NZ online casinos will allow you to use both credit and debit cards. The main advantage of this internet banking option is that virtually all sites accept Mastercard and Visa.
There are also prepaid credit and debit cards, so you can stay within your designated budget. Also, credit cards typically have high spending limits.
As for the security of prepaid cards or a debit card, even if other people learn some of your credit card information, they won’t be able to easily identify you or trace it back to your issuing bank.
Using credit cards, however, has its drawbacks. For one thing, it can be quite expensive to transact large amounts. If you are using it to withdraw your winnings, be prepared to wait several bank days.
Electronic wallets
E-wallets are becoming quite popular because they allow gamers to control the amount they spend on online games. It’s also easy to use as you only need to open an account and fund it to pay for your online purchases. Below are some of the popular e-wallets offered at online casinos.
- Neteller
- EcoCard
- PayPal
- Pay near me
- EcoPayz
One of the benefits e-wallets offer is that they allow instant deposits into accounts. This means that you can start playing online casino games for real money after funding your account using an e-wallet. Likewise, withdrawals are also instant. The costs are also low.
Bank transfers
Many online casinos that accept players from New Zealand accept wire transfers or also commonly called wire transfers. It is considered to be one of the safest ways to transfer money from one bank account to another. Practically every bank offers wire transfers as their main service.
The great thing about wire transfer as an iGaming payment method is that it is widely available internationally. This is because bank payments are covered by international banking rules.
However, it is no longer the fastest payment method as international bank transfers can take days to complete. Bank transfer fees can also be quite expensive. If you use this payment option, make sure you know how much it will cost you.
Poli Payments
Poli is considered to be one of the most kiwi-friendly bank transfer methods. POLi offers an extra layer of security for players depositing into their online casino accounts. Its proxy server allows players to log into their New Zealand bank account and then release funds to the online gambling site in real time.
This means that POLi doesn’t keep you waiting as long as other banks with their wire transfers. It is secure as Poli does not release player information to online casinos, it only releases the money.
Also, this payment method is free. However, you cannot use Poli to withdraw your money or winnings from the casino.
Comparison of Internet Banking options for iGaming
All of the above internet banking options for iGaming have their pros and cons.
In terms of user experience, credit cards, e-wallets and PoLi are great options as they are easy to use for funding your online casino accounts. To find the best PoLi casinos go to https://betpokies.co.nz/poli-casinos.
The same cannot be said of international bank transfers as additional information needs to be entered and bank transfers, especially international ones, are usually tedious.
Cost-wise, PoLi and e-wallets are the clear winners as they charge zero to small fees for depositing into online casino accounts. On the other hand, credit cards and wire transfers can be quite expensive.
Therefore, if you are considering using these two methods, be sure to check your bank’s transfer fees first.
Safety and security of Internet Banking options for iGaming
Be sure to check the safety and security features when choosing a payment method for your iGaming needs. Here are some of the security measures implemented by the various banking methods to ensure the protection of user data.
Cyber threat information– This is a proactive technology designed for the identification of emerging and current cyberthreats.
Data Encryption Technologies– Many guarantee data encryption when storing and transmitting their users’ information.
Anti-malware and virus protection- These recognize and remove threats such as ransomware.
Automatic logout– When your account has been inactive for a few minutes, users are automatically logged out, so no one can access your account if your device is lost or stolen.
Conclusion
Most NZ online casinos offer various payment methods to ensure the convenience of their players. But keep in mind that each banking option has its advantages and disadvantages.
Some, for example, would charge higher fees than others or take longer to process payments to online casinos. It is therefore important to take the time to choose the right banking method for you.
Gambling can be both addictive and destructive. If you or someone close to you suffers from a gambling problem, you can get help by calling or texting the Problem Gambling Foundation of NZ on 0800 664 262 or texting 5819.
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