When it comes to safe casino banking, New Zealand based players have plenty of choices. Here’s a rundown of some of the most common options, and other factors to bear in mind to ensure things go smoothly.
Pick the Right Safe Casino Banking Method
There’s a large assortment of financial systems supported by online casinos today, and the right method for any given player might vary. The pros and cons of various options are in more detail below. But it’s also true that there are some general tips that can be offered.
Time is often important, with e-wallets and cryptocurrency often providing instantaneous transfers of money, while withdrawing by bank wire can take weeks. Just about every means comes with upper and lower limits and these can vary both by the betting site and payment system. On this count, the right choice might depend on how deep your pockets are. On that note, fees are sometimes applied by casinos and sometimes not, with payment systems likewise varying. Last but perhaps most crucially, some methods can be used only for deposits or withdrawals, whereas others can be used for both, which can be more convenient.
Online betting’s been a popular pastime for a long time, and the smartest way to play is to use a no deposit bonus in New Zealand that is exclusive for Kiwi gamers. This allows players the chance to win real cash without needing to deposit a penny. These no deposit casino promos can be used by old hands to try out the latest games and see if the themes and gameplay mechanics are entertaining, or by new players to see if slots, poker, blackjack, roulette, and other games are something they’d like to play more. Of course, once you make your money you’ll need a withdrawal method, and there are plenty of secure finance options from which to choose.
Visa and Mastercard are the biggest safe casino banking options for personal finance in everyday life. Moreover, they are almost ubiquitous in the world of online casino banking methods. It’s rare indeed to find an online betting establishment that won’t accept these for deposits, although it’s important to know that some sites don’t make them available for withdrawals (Visa is usually okay, but Mastercard is likelier to be off the table for moving money out of a site).
On the downside, some players are nervous of sharing banking or card details online. Casino security tends to be robust, but it’s still a concern for many.
E-wallets such as Skrill and Neteller are frequently found as options on cashier pages, and they can be used for fast deposits and withdrawals which make them ideal choices for players who want a single method for transferring money both into and out of a site. They also provide a buffer for those wary of sharing banking or card details as the e-wallet acts as an intermediate step between the betting site and bank account. That does mean that it takes a little longer to transform winnings into cash in the bank.
Cryptocurrency, Pre-Paid Vouchers, and Bank Wires
It isn’t so long ago that cryptocurrency simply wasn’t on the menu when it comes to shifting money into and out of betting sites. That’s changed quite a bit, with Bitcoin supported for deposits and withdrawals at an increasing number of Kiwi-friendly sites, and other currencies, such as Litecoin, starting to appear here and there too. Cryptocurrency is highly secure and often offers rapid movement of money, although it’s still not as widely accepted as some other methods.
Paysafecard is the top pre-paid option in the world, although others (such as Neosurf) are available. This has a lot to recommend it on the security front because you’re sharing very little information with a site and none of a sensitive nature. By purchasing a sum pre-paid and then depositing that at a casino, there’s no banking details shared and players can feel confident of their cash transfer being safe. The downside is that it’s almost always impossible to withdraw using such a system (it is technically possible to withdraw with Paysafecard but this is almost never an option at a casino). Therefore a separate withdrawal method is likely to be necessary if you go down the pre-paid route.
Bank wires are not as popular in comparison to every other method listed. They’re slow, may require you to contact your bank ahead of time, and come with substantial fees. However, if you’re a high roller with significant sums to move, the upside of very strong security is worth those costs.
POLi is a popular choice for internet banking for Kiwis, including as a means of casino payment. It also has zero fees attached, which is a nice touch, although setting it up does require you to apply to your bank, and it can only be used as a depositing method. It is, however, highly secure.
A Constantly Evolving Financial Landscape
Some countries restrict various banking methods. Furthermore, some may only be available in a single place (Interac in Canada and iDEAL in the Netherlands spring to mind). Other methods may be available but not accepted in some countries for online betting purposes. (e-wallets such as Skrill and PayPal are examples of such a situation).
This creates an ebb and flow as new accepted means of personal finance become available. Apple Pay and Bitcoin are two examples. Paysafecard is now also one of the most commonly available depositing options. However, there can also be a public sentiment against online betting. Even in pro-casino countries such as the United Kingdom, which has recently forbade the use of credit cards for betting purposes.
This can mean it’s helpful to have a couple of potential options ready to go. Just in case you find your favourite payment method suddenly has restrictions and limitations.
Safe Casino Banking – Don’t Risk Playing at Dubious Sites
There are many reasons why Kiwis should avoid playing at sites with subpar (or, even worse, no) licensing arrangements. It’s always a challenge to finish ahead of a casino as every game gives the house an edge, but if you’re playing at a site that isn’t trustworthy then the edge can be inflated to ridiculous proportions.
And if you can’t trust a site’s games, you certainly can’t trust its banking. Some of the worst online casinos simply won’t pay out or have prohibitively long payout times. This, coupled with high fees and low withdrawal limits so players can get their hands on their cash but it takes so long it becomes a chore. It’s also the case the same withdrawal option might have fees at one site but not another, so don’t be afraid to shop around for the best deal.
There are numerous trustworthy licensing authorities around the world, with the UK Gambling Commission and the Malta Gaming Authority among the crème de la crème. With no shortage of online casinos, only spend your time and money at those with good reputations and reliable licensing arrangements. So take your time and find the right casino for you.
Kiwi players seeking safe casino banking are should carefully consider not only the financial method they use but also where they decide to play. Thankfully, there’s a great range of sites from which to choose.