Top 5 banking options for New Zealand Online Gambling
Choosing how you fund your online casino account is almost as important as choosing a casino itself. Different casinos will offer different methods of depositing and withdrawing funds, and it is best that players find an online casino that gives them what they require, be it secure transfers, swift service, ease of use, or all of these. Check out the various payment methods available to Kiwis for online gambling to see which one suits your setup:
Neteller and Skrill are so called e-wallets, which you fund using your debit card or via bank wire. The good thing with Neteller is that you have control of how much you put on your e-wallet and therefore it’s easier to make a budget and make sure you don’t spend more on online casinos. Neteller also accepts Bitcoins so that you technically can deposit using Bitcoins to an NZ Online Casino. The con’s with E-wallets is that many casinos doesn’t accept the method of depositing when claiming a bonus. Many bonuses are excluded from Neteller and Skrill deposits at NZ Online
Entropay has made a name as one of Europes biggest prepaid card providers, but their recent reach has grown even bigger and is a popular method of payment in both Canada, Australia and New Zealand. There is a lot of benefits from using the Entropay payment system, as you can get one with a poor credit or even if you are ineligible to receive a debit or a credit card. Their innovative system is based on virtual cards, operating through the VISA payment system. This means that no bank or card details are actually sent with the funds, only those of the prepaid card. This adds an extra layer of security, and has been popular with online pokie players during recent years. You don’t have to pay anything to sign-up for an entropay account, you simply sign up through their registration form and you get access to their starter level of service. Should you want to reap the full benefits of having a standard account, then you will need to verify your email address and add your postal address to your account. In order to fully verify your account, you will need to submit two forms of identification, aswell as a proof of address, i.e a utility bill. Once they have been approved you will be a fullworthy member of Entropay.
It is free to sign up with Entropay and you do not have to go through the hassle of a credit check. However, there are some additional charges for making transfer to and from your virtual card. There is a fee of 4.95% when transferring funds from your bank account to your EntroPay card. Whilst receiving funds from others such as an Online Casino sets you back 1.95%.
POLiPOLi is a popular payment system that is part of the Australia Post. It’s used by customers of many Australian and New Zealand Banks who accept this payment method. Right now, 6 New Zealand banks supports POLiPOLi payments:
- Bank of New Zealand
- TSB Bank
It is a flawless system to use to make instant bank transfers to an online casino, however – it cannot be used to make withdrawals. Which means that you would need to withdraw using a bank transfer which usually takes between 2 – 5 business days. The service is completely free of charge and is accepted by a range of New Zealand Online Casinos. It even works on mobile.
With MasterCard, you can make a payment to an online casino using both your credit card, but also your debit card. It is a popular method used by many players around the world to fund their online casino accounts. MasterCard is widely known in New Zealand as a Credit Card company, however – you can also get a debit card and use it to deposit to an NZ casino online. Several of New Zealand’s biggest banks, such as BNZ, ANZ and ASB offer MasterCard credit card with very low rates of interest, and almost every online casino accept it as a method of payment. It is a wise choice of banking option if you prefer using a physical card. In order to obtain a MasterCard Credit Card, you will need to go through a credit check, and your line of credit will be based entirely on how your credit background looks like. The limits set on your account are subject to changes though as banks might ask if you wish to increase it if you are handling it responsibly.
VISA is by far the most popular banking option to use when paying for things online, regardless if it is buying new clothes, sunglasses or playing casinos online. It is well known as a banking option with secure and quick transactions. Many Kiwis will have an Electronic Funds Transfer at Point of Sale card, which works fine in ATMS and Stores in New Zealand and Australia, but to make an online transaction, a fully functional debit card is needed. If you do no already have one, you can apply for one at following banks:
- Kiwi Bank
- Taranaki Savings Banks
- The Co-operative Bank NZ
Some banks may charge an additional fee for upgrading your card, usually in form of a yearly fee, but it gives you unlimited access to shopping online and playing on online casinos which accepts players from New Zealand. Virtually no bonuses are excluded from depositing through VISA or MasterCards.