Tag: Mastercard

How to Choose the Right Casino for your Casino Payment Method

The massive growth of online casinos during the 20th century has created today’s perfect scenario for online gamers throughout the world. These days casino players can enjoy their favourite casino games while on the go, or from the comfort of their homes. Playing casino games from desktop, tablet and iOS and Android operating systems means that online gambling offers the ultimate entertainment from all browsers.

At the best online casinos, including minimum deposit casinos, players can enjoy every type and variety of casino games. From classic slots and fruit machines, multi-reel video slots, progressive jackpot slots and video Poker, slots enthusiasts will never run out of fun and interesting games to play. Online casino gamers can also enjoy table games like Blackjack, Poker, Baccarat and Roulette, bingo, keno, scratchcard games, arcade games, live casino games and even place their sports bets online at casino sportsbooks.

Casino Payment Methods

Fund your casino account with Visa and Mastercard, eWallets like Skrill, Neteller, PayPal and ecoPayz or use Bank Transfer, prepaid cards and crypto. To choose the perfect payment options most suitable to your gaming style, you will need to know what the deposit and withdrawal limits are, how long your withdrawal will take and if there are any fees associated with the payment provider. Casinos will always list the available payment providers and all their limits. You will find this information at the cashier or you can also contact the customer service team via the live chatbox.

What To Look Out For To Find The Best Payment Option For You

To play top quality slots and table games online, you will need to deposit some money into a casino account, and this can easily be done by transacting with one of the many payment providers. If you’re playing at a top-quality casino, you will have at your disposal a variety of payment providers that you can use to deposit and withdraw. But how to choose the right casino for your casino payment options? Let’s have a look at what’s available.

Credit/Debit Cards

Just about every online casino will offer their players the option of using Visa and Mastercard. Visa and MasterCard have an embedded microchip which makes every transaction completely secure and fraud-proof. Withdrawals take about 3 days to be in your account.

  • Pros:
    • Debit and credit cards are very simple to use and as most of us already own either Visa or Mastercard, this payment processor is very convenient
    • Visa and Mastercard apply high-security standards which makes them safe to use
    • Visa and MasterCard are accepted at most online casinos
  • Cons:
    • Although casinos don’t charge any fees for transactions, there could be a small fee charged by your debit or credit card provider
    • There is a lack of anonymity as players will have to share their credit card information and billing address

Electronic Wallets

If you are looking for fast deposits and withdrawals, eWallets offers the fastest deposits and withdrawal method. Electronic Wallets also allow for smaller deposits like a $1 minimum deposit. One of the main reasons casinos take a long time to process withdrawal requests is because of a process called Know Your Customer or KYC. Casinos are legally obliged to ensure that their clients are over 18 and are legally allowed to play at online casinos. The player’s identity has to be verified with proof of identity documentation such as utility bills and an identity document. This process can take a few days to be complete, so it’s in your best interests to send the casino a copy of your documents as soon as possible. When withdrawing with your credit and debit cards, after your withdrawal request has been approved, you will still need to wait a few days to get your funds, but eWallets are much faster.

Skrill, Neteller, ecoPayz and PayPal are among the most used eWallet payment providers at online casinos. They offer instant deposits and withdrawals that can take between 24 to 48 hours to be in your account. Other eWallets include iDeal, WebMoney, Instadebit and Yandex Money. Using an eWallet to withdraw your funds offers the fastest way to get your money back, second only to cryptocurrencies like Bitcoin.

  • Pros:
    • Deposits and withdrawals are easy as eWallets only need an email address and a password
    • Electronic wallets offer speedy transactions, withdrawals take no more than 1-2 days
    • When depositing and withdrawing with eWallets, no sensitive information needs to be shared with the casino operator
    • Electronic Wallets are protected by encryption technology, anti-money laundering protocols, and two-step authentication
  • Cons:
    • Players need to register with an eWallet before they can deposit and withdraw at a casino
    • There are bonus restrictions as more and more gaming sites make their Welcome Bonus unavailable to players depositing with Skrill or Neteller

Prepaid Cards

For players that don’t have a credit card or a bank account, prepaid cards are the ideal alternative. Players can also transact with prepaid cards to limit their online spending. Some prepaid cards, such as PaySafeCard, Neosurf and AstroPay are loaded with a fixed amount, which when used up, needs to be reloaded.

  • Pros:
    • Very convenient as there is no need for a credit card or bank account
    • Prepaid cards offer anonymity. There’s no record of money being spent on gambling
    • A very secure payment method with top of the range encryption
    • A great way to control your spending is when the money is spent, a new card must be purchased or re-loaded
  • Cons:
    • Most prepaid cards can’t be used for withdrawals
    • Most online casinos attach low limits to prepaid card deposits

Instant Bank Transfer

Often enough, casino accounts can be funded via one of several Instant Bank Transfer options such as Trustly, iDebit, Sofort, Euteller, Giropay and Nordea. Each of these payment providers acts as an intermediary between the online casino and your bank, allowing you to pay through your online banking system while at the same time benefiting from bank-level security.

  • Pros:
    • Bank Transfer is convenient as you only need to have an online banking account
    • No sensitive financial details are shared with the casino
  • Cons:
    • Withdrawals with instant bank transfer can take a few days to be in your account, for traditional bank transfers, your funds will only reach you in up to 10 working days maximum.

Benefits of Fast Payouts

Withdrawing your funds at fast payout casinos is essential for players that don’t want to wait for days or even weeks to get their money back in their account. Withdrawal delays can be caused by the payment provider we use, withdrawing huge amounts, using a withdrawal method that’s different to how your deposit was made, and holidays seasons like Christmas and New Years.

Fast Withdrawals

We list and recommend fast payout casinos where you can make a minimum deposit and start playing with a Welcome Bonus and a Free Spins Bonus. When it’s time to withdraw your funds, the casino will process your request immediately and depending on which payment processor you use, your wins can be back in your account in between 24 to 48 hours.

The Payment methods you need to get a $5 Minimum Deposit for Kiwi Players

Online casinos that cater to players from New Zealand have made depositing and withdrawing easy and convenient to do. Players simply have to select their preferred banking provider at the cashier and within seconds can fund their casino account. Most casinos for Kiwi players offer a multitude of special treats like free registration, a large and varied supply of casino bonuses, plenty of fun-filled promotions and many convenient NZ casino payment methods. Players can fund their casino accounts with a variety of global payment options like debit and credit cards Visa and Mastercard, top-up card PaySafeCard, electronic wallets like Skrill, Neteller, ecoPayz and PayPal, while many modern casinos have also made cryptocurrency like Bitcoin available.

Poli

POLi is like PayPal, but instead of an American eWallet payment provider, POLi is the Oceania equivalent. The company launched in Australia in 2006 and very quickly spread to New Zealand. POLi is the online payment option that allows players from New Zealand to use internet banking to securely fund their casino account. It eliminates the need to use a credit or debit card and offers a great alternative for players that don’t want to expose sensitive information. POLi is directly linked to a bank account and at every transaction, the payment provider automatically bridges the gap between the casino and bank account. This means that transactions are lightning-fast and deposits only take up to a minute to complete. POLi is used by most banks in New Zealand and for online casino players, POLi is available for download to desktop, tablet or your Android and iOS device.

To transact with POLi, simply select it from the cashier at your preferred online casino. When the POLi window pops up, fill in the required details and proceed. The casino site will redirect your transaction to your bank account, confirm the information and the casino will then process your deposit request and your funds will be instantly available at the casino.

Ukash

Ukash is a financial company that was founded in the United Kingdom in 2005 and is today one of the longest-running eVoucher payment systems on the web. Sometime during 2015, PaySafeCard purchased UKash and created the worlds’ leading voucher payment brand. UKash works as an electronic pre-paid voucher where clients can exchange their cash for a security code. To fund their casino account, input this code at the cashier make your deposit. To deposit with UKash, at the cashier, click on the dropdown box and select Prepaid Cards and then select Ukash. At this stage, you will need to input your 19 digit PIN code, then confirm your transaction.

The company that created Ukash is London-based Smart Voucher Ltd., an online financial institution that opened in 2001. Regulated by the UK Financial Conduct Authority means that the company upholds some of the most stringent regulatory standards globally. UKash won the Queen’s Award for Enterprise in 2011 and its popularity keeps on growing.

PaySafeCard

Online casinos are constantly evolving and since the internet launched in 1997 with the first Microgaming online casino, its growth continues. One of the factors that contribute to the success of online iGaming is keeping up with the latest technological advances, both for the casino and the payment providers. Casinos are kept interesting, fun and fresh and having a large variety of trustworthy payment providers for players to fund their casino account adds to the excitement of playing online casino games. After all, if the payment is fast, players will have more time to play casino games. PaySafeCard is a payment provider that offers instant deposits and quick withdrawals. The top-up card or voucher uses a 16 digit PIN code that players must input at the cashier when making their deposit. PaySafeCard offers many advantages: It’s a payment system that offers fully anonymous deposits as players don’t need to share any sensitive data with third parties when transacting. PaySafeCard is also free of fees and when a deposit is made, it’s instantly processed and the funds are immediately available. For withdrawals, once the casino has processed your PaySafeCard withdrawal, your money will be in your bank account within a couple of days.

Electronic Wallets

Electronic Wallets or eWallets as they are also called, have become hugely popular at online casinos because of their speed and security. The most popular eWallets are Neteller, Skrill, PayPal and ecoPayz but there are much more available online, depending on which country you are playing from. Electronic Wallets offer instant deposits and withdrawals which makes it very attractive to players that want to access their winnings faster. Another big reason that eWallets are so popular is the security measures they include. You won’t have to part with sensitive information and only your account ID or email is used to make your casino deposits. Most eWallets follow the same procedure for online payments and withdrawals. Players select eWallets from the available payment providers, then select your preferred eWallet and enter your account ID for the web wallet along with your deposit amount. Before your payment is approved, you’ll be taken to a secure login where you will need to approve your payment request. Once this is done, your payment is available. For withdrawals, players follow the same procedure, enter their withdrawal amount and the money will be available within 24 hours up to 48 hours.

Credit and Debit Cards

Since credit and debit cards are the most popular payment solution across the world and in New Zealand, nearly all online casinos offer this payment method. Using Visa, Mastercard and Maestro offer the fastest and safest ways to deposit while withdrawals are easy to do and are very secure. When transacting with credit and debit cards, you can be sure that your funds are protected with the latest encryption technology.

Cryptocurrency

Released in 2009 for the first time, it has taken all these years for players to get the hang of making online payments with crypto like Bitcoin, but today this payment option has taken the world by storm. Due to its many benefits like anonymity, security and simplicity, crypto like Bitcoin offer instant deposits and lightning-fast withdrawals. Bitcoin has been proclaimed as the future of money transactions.

Conclusion

When it comes to managing their gaming funds, New Zealand casino players have their pick from several payment providers to help them boost their gaming accounts. The most popular payment methods offer speed, security and anonymity while old fashioned ways to move money, like Bank Transfer, offer security and convenience. Withdrawals made with Bank Transfer, credit and debit cards take a little longer, even up to 7 days, but they remain popular ways to transact online because players trust these payment providers.

Kiwi players have nothing to worry about when it comes to moving money online because the majority of virtual casinos offer plenty of payment providers that will suit every type of player. At our $5 minimum deposit casinos, you will never have a problem making your deposit or withdrawing your winnings. All our recommended casinos offer a wide variety of popular banking methods like credit and debit cards, eWallets, bank transfer, prepaid cards and cryptocurrencies.