CAD vs NZD
The Canadian Dollar is the official currency of Canada. This Canadian currency is often referred to as C$ or Can$ so that it can be easily distinguished from the American Dollar. Another name for the Canadian Dollar is a Loonie, but why? The answer is simple, there’s a picture of a loon on one side of the $1 coin. A loon is a Canadian bird that looks very similar to a duck. It’s very vocal and is often heard to hoot and wail. Introduced in 1858 and today, the CAD is the fifth most held reserve currency in the world, behind the U.S. dollar, the Euro, the Yen and the Pound Sterling.
The New Zealand dollar is the official currency and legal tender of New Zealand, the Cook Islands and the Pitcairn Islands. Within New Zealand, it’s almost always abbreviated to NZ$ so that it can be distinguished from the other Dollar countries like the USA and CAD. The New Zealand Dollar is also referred to as the Kiwi dollar because of the indigenous bird depicted on one side of the NZD$. Introduced in 1967, the NZ dollar replaced the New Zealand Pound and today is one of the 10 most traded currencies in the world.
Why Play Casino Games With CAD?
Although the Canadian Dollar is accepted at most online casinos, there are some casinos that don’t offer the option and automatically convert it to another currency. When players are used to making their deposit with CAD currency, they don’t want to change currency at a new casino and so they look for online casinos that accept CAD. Many Canadians prefer to gamble in their own currency, mostly because currency conversion rates can be confusing, complicated and sometimes expensive.
A top-quality Canadian casino will allow its players to transact with CAD because even though exchange rates for currency conversions result in tiny fluctuations, they do add up over the course of numerous wagers.
Why Play Casino Games With NZD?
In the past, the number of online casinos where online gamers could play in NZD were the minority but thankfully in recent years, New Zealand has grown into a big market in the online gambling industry, and more and more casinos have started accepting NZD deposits.
By choosing an online casino that doesn’t accept NZD, players could lose money in conversion fees and although there are still more casinos that accept other currencies such as the Euro, GBP or USD, fortunately there are still many payment options available to New Zealand players and top online casinos that accept the New Zealand Dollar. Have a look at our NZD currency page for more useful information.
Popular CAD Deposit Options
For Canadian players, there is a large selection of banking methods available for depositing funds and withdrawing winnings. We list some of the most popular Casino payment options.
InstaDebit – Possibly one of the most popular online payment methods in Canada, InstaDebit is based in Toronto, so it’s truly Canadian. This payment method offers two possible ways to deposit, players can either use it to transfer money directly from their bank account or use an eWallet to make instant deposits.
iDebit – Another favoured Canadian company, iDebit is very fast to use and there’s no need to create an account in the system. The simplicity makes it a very popular choice, just choose iDebit among the possible payment options in the casino’s banking page and you can make your deposit immediately.
Interac – The oldest payment method, Interac is directly linked to a user’s bank account and to make a deposit mean heading off to the casino’s cashier page and select Interac as the deposit option.
e-Wallets – Canadian enjoy using eWallets as they are fast and easy to use. PayPal has always been a very popular choice for online player. Another eWallet, Entropay, is accepted in hundreds of online gambling sites the world over. The next most popular eWallet is Skrill, which allows for effortless deposits and withdrawals.
Wire Transfer – A wire transfer offers maximum safety when funding your online casino account. Payments are usually immediate, and funds are guaranteed. This method of payment is extremely secure and as your bank is involved in all transactions, there’s no potential for fraud.
Popular NZD Deposit Options
As the American dollar symbol is much like the New Zealand one, some players get confused as to whether they are depositing in USD or NZD. It’s always a good idea to contact customer service and confirm that the deposit will be made in NZD. We list the main payment providers in New Zealand:
EFTPOS card – allows for electronic deposits to fund your casino account and withdrawals to cash in your winnings
Pre-paid debit and virtual cards – The most convenient way of making a deposit, there’s no line of credit but players use their own funds with the card acting as third-party between the player and the casino. This gives an added layer of security as the personal information is not stored on their servers. The most popular example is PaySafeCard.
Poli – The Australian-based online real time debit payment system Poli is also very popular among New Zealanders. Making a deposit is easy and the debit card offers high levels of security, player’s personal information is private.
Online Casino Bonuses
Although every country has its own currency, which can be a little confusing for online casino players, one thing that’s the same the world over are the casino bonuses. As a new player, when you join a new casino, you’ll be entitled to accept the Welcome Bonus after making the minimum deposit.
Welcome Bonus – A Welcome Bonus can be offered in a variety of ways, but the most common is still the bonus match. A new player registers at an online casino, the account is verified, and a deposit is made. The casino will reward their new client with a Welcome Bonus made of a 100% match of the initial deposit. For example, an online casino offers you a 100% match deposit bonus up to a maximum deposit amount of CAD/NZD$100. You deposit CAD/NZD$10 and the casino will instantly double your deposit.
Free Spins – The casino might also offer their new players free spins and although these might be as part of the Welcome Bonus, they can also be offered as a standalone bonus. Free spins can be played on a slot game of the casino’s choice or a variety of slots and they’re also well received by players across the world.
Wagering Requirements are standard at most online casinos. A Wagering Requirement is the number of times you must re-play your deposit and bonus before being allowed to withdraw your winnings as cash. For example, if your online casino offers you a CAD/NZD$100$20 bonus with a 10x wagering requirement, you’ll have to re-wager your bonus and deposit ten times. In this example, this means that you’ll have to spend CAD/NZD$100$200 on eligible games before you can withdraw pending winnings earned.