Casino Payment Methods

When trying to decide which online casino to gamble at, there are several important considerations you must make and the payment methods the operator provides is one of them. The best online casino should offer players a good number of trustworthy, reliable, fast, and secure banking services. They ensure that players can make convenient deposits and cash out casino funds just as easily. In this guide, we’ll explore the most popular payment methods at online casinos, including cards, e-wallets, and crypto payments.

The Most Popular Payment Methods at Online Casinos

Online casinos deliver to players several trustworthy and reliable banking methods. These casino payment options offer varying levels of security, processing speeds and reliability. See the most popular payment methods at online casinos below:

E-wallet Payments

E-wallets also known as electronic wallets are an electronic card through which users can make quick and easy payments online. Players with an electronic wallet can be assured of the safety of their money and the privacy of their transactions. E-wallets work like a virtual purse or wallet, allowing you to store money or transfer funds between accounts. E-wallets are a popular choice for online gamblers because of their fast-processing speed and transaction fees with e-wallets are also usually minimal. Depending on the gambling laws and regulations of the country or region you are gambling from, some e-wallets may not be available to you. It is always a good idea to double check a casino’s offerings as well as the regulations in your region. Some of the e-wallets you would typically find at online casinos in New Zealand include PayPal, Skrill, Neteller and ecoPayz.

PayPal

PayPal is a popular e-wallet ideal for a good number of online transactions. The service is an all-in-one digital currency deposit service that is accepted at a good number of online casinos. Making payments with PayPal is completely free and safe. You can easily set up your accounts and start making convenient payments in no time. The digital currency service works much like a checking account. You can fund your PayPal account with a debit or credit card, or bank transfer then transfer funds from your PayPal to your casino account. Online casino deposits with PayPal are instant. PayPal is safe and offers players a degree of privacy online since players would not be required to share sensitive information with the casino they choose. You would be happy to know that PayPal supports fast deposits and withdrawals. As opposed to other online payment methods, withdrawals with PayPal are process in online a few hours.

Neteller

Neteller is an online payment service created in 1999 in Canada. Neteller is owned and operated by the Paysafe Group as an electronic money institution. In 2000, Neteller began to process payments at online casinos, processing transaction of over 85% of the online casino operations in the world. The company moved its operations to the Isle of Man in 2004 and Neteller has since become a payment method of choice for online casino users. Setting up a Neteller wallet is easy, and performing online transactions is just as easy. Simply transfer funds to your Neteller account from your bank or debit card. The company also claims to support over 40 methods that players can use to fund their accounts. Sign up for a free Neteller account on the provider’s website or download the mobile application. Making online casino payments with Neteller is instant and so are withdrawals. There are no fees for making deposits or withdrawing funds using Neteller at online casinos in New Zealand.

Skrill

Skrill is a popular online casino payment service used by gamblers around the world. The e-wallets has built a sturdy reputation for offering instant payments and reasonable transaction limits. Players looking to make lightning-fast deposits conveniently would find Skrill’s offer impressive. Skrill was launched in 2001 with the name Moneybookers. The name later changed to Skrill in 2015 after the company was acquired by Paysafe Group. The objective of the service was to offer a convenient way to make all kinds of payments online. Skrill is a third-party payment processor which gives users the opportunity to make financial payments via the internet. Users can make deposits and withdrawal funds in over 40 different currencies at online casinos. One of the major perks of using Skrill is the speed with which transactions are made. While Skrill promises instant payouts, online casino operators reserve the right to delay or cancel transactions.

ecoPayz

EcoPayz has been offering secure online transaction for some time now. You may know it by its former name, ecoCard. Founded in 2000, ecoPayz is one of the oldest e-wallets in the world. Since its creation, the online payment service has evolved and diversified its offerings. In 2013, the then ecoCard rebranded to ecoPayz while the company maintained the former name for a unique card service. EcoPayz functions much like other e-wallets, such as PayPal and Neteller. You can fund your ecoPayz account via bank transfer or card. Making deposits to online casinos via ecoPayz is complete in only a few minutes. Deposit and withdrawals with this banking method is instant and there are no direct fees for using ecoPayz.

Prepaid Card Payments

For players who value privacy, prepaid cards are an excellent way to fund your casino accounts. Prepaid cards are perfect as they allow players to keep their personal and banking details private while they gamble online. To fund your casino account, simply purchase a prepaid card, enter the sixteen-digit number on the card to a make deposit in your casino account. You can remain perfectly anonymous with this option. Prepaid cards mimic credit and debit cards in how they function. Most online casinos offer a variety of prepaid cards that you can use to make online casino payments. An example of a prepaid card available to online punters in New Zealand is the PaysafeCard.

PaysafeCard

PaysafeCard is an excellent casino payment option for making convenient, reliable, and fast payments to online casinos. In addition to these perks, PaysafeCard is highly secured, offering users the options of staying completely anonymous while they perform transactions online. To make a deposit with PaysafeCard, first purchase a card. PaysafeCard code values are anywhere between $10 to $100. Check the provider’s website for a list of locations where you can purchase the card. Then proceed to choose an online casino accepting PaysafeCard and make a deposit. You will not be required to share your banking details with the casino operator. PaysafeCard offers a mobile application that makes processing payments easier. The app is available for free download on Andrios and iOS devices.

Crypto Payments

Cryptocurrencies have grown increasingly popular over the years. They have been adopted as a method of payment in many other industries. Now, online casinos and gambling platforms are beginning to accept cryptocurrencies as a legitimate form of payment. This is largely because of the safety and security that crypto payments offer their users.

Players making deposits at online casinos using crypto currency like Bitcoin, Ethereum, Ripple wallet, Binance coin, and Litecoin can enjoy fast payment processing time, remain completely anonymous and process transactions at little or no cost. The main reason why crypto payments are sought after is that there are no intermediaries between the casino and the player thus transactions are transparent and tamper-proof.

Bitcoin is arguably one of the most popular cryptocurrencies in the world. It is a safe, secured, and innovative way to make payments online. Unlike traditional payment systems and fiat currencies, Bitcoin is decentralized; no one owns it therefore no government or institution controls it. Online transactions with bitcoin are typically free, otherwise, you will be charged a very minimal transaction fee sometimes called a “miner fee”.

Another cryptocurrency that you can consider is Ethereum. It is the second leading crypto payment options after Bitcoin. A good number of online casinos allow players to make deposits with Ethereum. Much like bitcoin and other cryptocurrencies, Ethereum allows players to process payments speedily with no additional fees all while remaining anonymous.

Debit & Credit Card Payments

Debit and credit cards are widely available and generally accepted for online transactions. It is due to their convenience that most online gamblers opt for making casino payments via bank cards. Some of the most popular debit and credit card brands like Visa, Maestro and Mastercard provide a safe and easy means for players to make fast and secure transactions online. What makes cards sought after is their accessibility as a good percentage of New Zealanders already have a credit or debit card.

To fund your casino account using cards, enter the details on the card on the casino’s check out page, verify that the information is correct and proceed to confirm payment. You may opt for a separate card for your gambling activities. That way you can monitor and manage your bankroll better. The downside with using card payments is that they way not process payments as quickly as e-wallets, some casinos do not support withdrawal with cards and some banks do not accept online gambling payments. It is important to double check your bank’s internal policy regarding online gambling transactions before choosing this payment option. See some of the most popular card casino payment options below:

Visa

Visa is a multinational card company based in the United States of America. The company issues credit, debit and prepaid cards and has become one of the easiest cards to obtain. Visa has become a go-to banking method for online casino users around the world. It very convenient for making online payments on the go and in no time. The service has a reputation for being trustworthy and reliable. Deposits with Visa are easy and quick. Like other cards, you will be required to add the details of your Visa card to the cashier’s page of the casino you are playing at. Most online casinos also support withdrawals with visa, making it a great all-round option for players.

Mastercard

Mastercard is one of the most used cards in the world. It is a safe and convenient options for making deposits at online casinos. MasterCard is considered one of the biggest issuers of debit and credit cards, collaborating with over 25,000 financial institutions and banks around the world. A good number of casinos accepts payments with Mastercard. Making a deposit with Mastercard only take a few minutes. Simply enter the card’s details and confirm the payment. You may be able to withdraw your casino funds with Mastercard: verify that the casino operator you have chosen support MasterCard withdrawals.

Maestro

Maestro is a debit card founded by MasterCard in 1991. The card is convenient for making payments online. It is an international debit card that allows users to complete payments online, withdraw cash from ATM and make in-store purchases. Maestro’s debit card is supported by most online casinos. Maestro uses MasterCard’s SecureCode system, an EMV Chip and Pin to keep transactions via the network safe and protected. You may also opt for a prepaid card in the place of Maestro’s debit card service. To make payments with Maestro, simply choose it as your default payment option, enter your card details in the cashier’s page and confirm your payment. You can request a Maestro debit card from your local bank or purchase a prepaid card online. Check the provider’s website for more information about obtaining a card.

Bank Transfer Payments

Another way to fund your casino account is by bank wire transfers. It is easy and convenient plus most online gambling platforms supports making deposits and withdrawing funds via bank transfer. Since payments via bank transfer often have strict requirements, online casinos regard this method as safe. Banks transfers are a means through which casino operators can curb money laundering and any other illegal activities on their site. Players who prefer the security of centralised banking systems would also find this option ideal. The process of funding your casino account via bank transfer is quite easy. Simply enter the required information when processing the payment and confirm the transaction. Although bank transfer payments are safe, they can also be quite slow and tiresome. It may take up to 7 working days to complete a deposit or withdrawal request. Plus, bank transfer payments typically have exorbitant associated charges and fees.

Fastest Casino Payment Methods

The fastest casino payment options are e-wallets and crypto payments. E-wallets process payment quickly. You can make a deposit to your casino account in an instant and withdraw funds just as quickly. Crypto payments, such as Bitcoin, Ethereum, Binance coin and others also process payments very quickly. With crypto, you can remain anonymous, and have your transactions protected by several levels of security. Withdrawals with cryptocurrencies is also instant. For both e-wallets and crypto, most online casinos have a minimum of 24 hours wait time for withdrawal requests. However, you can expect to receive your funds as soon as the casino processes the transaction.

Conclusion

All the casino payment options we have reviewed in this guide are suitable for different kinds of users. They are all secure in their own way while some offer faster service than others. The choice of which payment method to use is ultimately yours. It comes down to whether you prefer the anonymity that you can enjoy with prepaid cards and crypto payments, the speed of e-wallets or the secure structure of regulated banking methods, such as cards and bank transfers. We have reviewed a good number of options that you can explore. To make the most of your time online, make sure to choose a payment method that is safe, secure, fast, and reliable. Carefully consider the terms and conditions of each payment methods, understand their perks and limitations, and verify that there aren’t any (or very minimal) transactions fees at the casino you are playing at.

FAQ

Do online casinos charge deposit fees?

Online casinos would typically not charge users any fee for making deposits to their casino accounts. However, you may be required to pay a fee when making withdrawals. The fee per player would depend on the payment option you choose or the amount you want to withdraw. Some casinos may charge a fixed amount while others may set fixed percentage for the fees. Other direct fees would depend on the banking method you choose.

Which casinos accept bitcoin?

There are a good number of online casinos that accept payments with bitcoin. Bitcoin payments let players make quick and easy transactions while staying safe and anonymous. Bitcoin uses blockchain technology which make the system safe and tamper-proof. Some of the online casinos in New Zealand that accept bitcoin include Jackpot City, and BlueChip casino.

What are the most popular casino payment methods?

Some of the most popular casino payment methods are cards and e-wallets. Debit and credit cards such as Visa, MasterCard, and Maestro are accepted at many online casinos. You can also fund your casino account with e-wallets such as Skrill, Neteller and PayPal or opt for prepaid cards or cryptocurrencies.

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