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If you have not heard of KYC before then you should know that this stands for Know Your Customer. This process is based on guidelines set out by governing bodies and it requires casinos to make sure that players are who they say they are. Casinos need to adhere to these regulations to ensure that money laundering does not take place and that players are eligible to deposit.
New Zealand Online Casino Banking Options 2022
Not sure which payment method you should use at your favourite online casino? There are so many deposit and withdrawal methods out there for you to choose from that it can be tricky to decide when you don’t know all of the facts.
Don’t worry because we have done our research on the most popular methods available and we’ll help you to make the right decision. We’ll tell you about the safest methods, the quickest methods and answer some of your burning questions!
The Best Payment Methods For Online Casinos in October 2022
$7500
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$100
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$333
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$1425
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$200
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$1000
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$2222
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$100
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$1500
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$1500
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$750
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$500
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$350
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$800
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$10000
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$400
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$1000
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$1000
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500
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€200
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€400
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€200
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€500
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£500
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€400
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€375
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£100
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$15000
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$500
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$3325
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£1500
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£1500
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€500
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£200
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€1850
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£1000
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€3500
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€300
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50
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$2000
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€1300
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€300
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€100
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€100
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€1500
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£3000
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€220
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€1000
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FAQ
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Casinos often ask for your personal information before you can make a withdrawal due to gambling laws. Only players of a certain age can use their services and they will check your identity to ensure that you are eligible before releasing your funds.
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PayPal is a great deposit method for online casinos due to the security that it offers and its versatility. Many players prefer to use PayPal but other e-wallets can be just as quick and easy to use.
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All online casinos will request that you deposit a minimum amount of funds. This means that you will need to meet this requirement or you will not be able to deposit.
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If a casino has set a maximum deposit amount this will be due to limitations set out by the banking method. The casino can also decide to impose their own limits on deposit amounts.
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PayPal of POLi are both great payment methods for players based in New Zealand. Bitcoin is also extremely beneficial for players in this area.
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The best withdrawal option for online gambling is often PayPal due to the lack of fees and the speed of withdrawals.
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Some online casinos accept bitcoin as a payment method. This method is secure and easy to use so consider playing at these casinos if you have a bitcoin account.
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Pre-paid cards can only be used to make a deposit as they are loaded and used up. You will usually need to choose another method when making a withdrawal.
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Some casino sites offer certain bonuses and promotions for using certain payment methods. These promotions often act as an incentive to encourage players to deposit with different methods.
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Quick NavigationTypes Of Banking Methods
When you are on an online casino banking page, you will notice a large variety of deposit options– but how do you choose? The first step to choosing the best online casino payment methods for a New Zealand casino is to understand the options. Below, we are going to look at some of the most popular casino payment methods that you can choose.
Debit/ Credit CardsFor a long time now, debit and credit card payments at online casinos were the most popular way to deposit or withdraw money. Many of the online casinos allow you to deposit with your MasterCard, Visa and Maestro card which is very convenient.
E-WalletsE-wallets like Neteller and Skrill are extremely popular methods for depositing casino funds. These sites are similar to PayPal as they offer a secure way to pay. Deposits with this kind of method are instant which means that you won’t have to wait around to play your favourite casino games.
Wire TransferMany online casinos also allow players to deposit via a wire transfer from their bank. This is a method that is typically used for larger withdrawal amounts but you can usually find it at some of the best online casinos.
POLiPOLi is a payment method that is only used in Australia and New Zealand but you have probably come across it before. This method allows players to deposit money in their account in a very user-friendly way. This is another one of the casino payment methods that are just as popular as PayPal in NZ.- Pre-paid Debit CardsFor those who would like to add an additional layer of security to their casino account, payments can also be made with pre-paid debit cards. This includes the Paysafecard method that is topped up and then used online.
PayPalOne of the most popular online casino payment methods is PayPal. This is a method that is used across many websites, not just in the online casino world. With PayPal, players can easily set up an account and benefit from the convenience and extra security before making a payment.
BitcoinSome online casinos are now allowing players to make a deposit with Bitcoin. This is something which is becoming much more popular as it offers security but it is not as widely accepted as some may hope.
The Best Withdrawal Methods for NZ Players
All of these deposit and withdrawal methods have their pros and cons that should be considered. POLi is one of the most commonly used methods in NZ but PayPal is the method that is most commonly praised by players. The great thing about both of these methods is that they offer quick deposits and withdrawals so there is no need to wait around. When you use an e-wallet method like PayPal, Skrill or Neteller, you can expect an almost instant withdrawal time.
You will find that methods like e-wallets, wire transfer and debit or credit cards can be very secure, making them great choices for those who value security online. Bitcoin is another very secure method that is becoming increasingly popular. If you have a bitcoin account then you should consider this method as it is also quick and there are little to no fees.
Withdrawal Issues
There are some withdrawal issues to consider when looking at casino withdrawal methods. Some methods that you use to make a deposit like pre-paid cards will not allow you to make a withdrawal. This means that you will need to choose another method like wire transfer or PayPal to withdraw your winnnings.
It is also worth noting that bank wire transfers can take several days to reach your account which is something that we are sure you will want to avoid. However, one of the cheapest ways to withdraw money is via bank transfer and this makes this method more desirable.
If you choose to withdraw with your credit card, you might find that there is a limit on how much you can withdraw. Many casinos will also not allow this method. This is often why it is best to avoid this online casino banking method.
A further thing to note is that you can encounter charges when you take your money out of your e-wallet. This often puts players off but this is not something that you should experience with PayPal.
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All of the information available on www.nzcasinoclub.com, including reviews, industry news and advice, is for entertainment purposes only. While we extensively research all of our subject matter in order to provide the most accurate and objective information possible, we do not and cannot accept responsibility for any potential or actual financial losses incurred by visitors to our site. As consumers, it is your own responsibility to understand the gambling laws and regulations applicable in your jurisdiction, which may vary depending on your state, county, or country of residence. For information and/or guidance on responsible gambling, we recommend that you visit official sites such as Gamblers Help or the Problem Gambling page on the New Zealand government's website.
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