Online Casino payment methods

Published: 02.08.2021 Update: 21.10.2022
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Lily Lamb

Which payment methods are used for depositing and withdrawing at an online casino says a lot about reliability. But which is the best? Is that Skrill, MasterCard, Visa, Sofort or iDEAL? We help you by giving an overview of the best casino payment methods below. We also explain what the safest and fastest payment methods are and what you should pay attention to when choosing a payment method.

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Reliable online casinos offer you a wide choice of payment methods on their bank page. This allows you to safely deposit real money to bet on the many casino games. In addition, if you have won money, you would of course also like to have it paid out as quickly as possible.

In general, you will find the same payment methods at most casinos. One may be slightly more than the other but generally the same brands.

Which payment methods are available also depends on the rules of the country you are in. At casinos with New Zealand license, for example, there is not much choice. There are only a limited number of deposit methods approved by the Ksa and so you cannot deposit with, for example, Skill, Neteller, Paysafecard or Poli.

EU licensed casinos are not bound by these restrictions and therefore offer a wider choice of secure payment methods that even allow modern deposit options such as Bitcoin and Pay N Play.

Payment methods in an online casino

Casino payment methods

The choice of a casino payment method is very personal. You choose a deposit option that you trust and where you feel your money is safe. Many people prefer to pay online via instant banking methods such as iDEAL, Poli and Sofort instead of using their credit card, for example. Still others prefer to deposit with methods that are’ anonymous ' for which you do not need to enter any personal data, and opt for Paysafecard, eWallets or depositing with Bitcoins.

To accommodate as many players as possible, online casinos often offer many different payment methods. Everyone can thus deposit money into the casino account in their favorite way.

There are several aspects to look out for when choosing suitable casino payment methods. Each deposit option thus has its own advantages and disadvantages. Below we will discuss the main ones.

Reliability

The reliability of a casino payment method is priority. If you are going to play for real money, you need to be able to trust that your money will be transferred securely from your bank account to your casino account. In addition, it must be guaZodiaceed that your personal data cannot be intercepted by third parties for criminal purposes in this process.

It is therefore important to take a close look at the reliability of the online casino and the payment methods offered there.

Reliable online casinos are in possession of a valid casino license. The payment methods they offer comply with the same strict security requirements and conditions established by the provider of that license for the casino. Also, both casino and the payment processors comply with all the rules of the dollarpese privacy legislation.

For example, the best, most recent encryption technologies are used to keep the connection secure. In addition, no personal data is stored and used 2. authentication to authenticate transactions.

You can read all this information in our extensive casino reviews. These can help you choose a reliable casino with your favorite payment methods.

Minimum and maximum deposit amount

Deposit limits are set by the online casino itself. There are casinos that require a minimum deposit as low as a 5 dollar deposit accept but these are rare. In general, the minimum deposit is between $10 and $30.

The upper limit is also different. Maximum deposits can be set at amounts from $250 to $10,000.

Exactly how much you can deposit per transaction also differs per payment method. For example, with iDEAL you can deposit between $20 and $5,000 per transaction, while with Trustly you can transfer $10 to $10,000 per deposit.

You can find the information on the maximum and minimum amounts on the casino's banking page and in the terms and conditions.

Transaction costs

Every deposit in an online casino comes with a transaction fee. Before you jump into the stress, there is good news. As a rule, you do not have to pay these transaction costs. Most online casinos charge the transaction fees because it is not attractive for players to have to pay extra fees to be able to play.

The amount you transfer is therefore the full amount that will be credited to your casino account. Nothing more and nothing less. It doesn't matter which payment method you use, every deposit is free.

For withdrawing money, it's a different story. Transaction costs are often charged. How much that is and what the requirements are differs per online casino.

For example, a provider may choose to make a certain number of payouts per month for free and charge the rest. It can also happen that costs are charged if you want to withdraw money via a certain payment method and not for others.

Whatever the rules, the information about any transaction fees at reliable casinos is always clearly stated on the website. You will also find this information in our casino reviews.

Different online casino payment methods

There are a number of categories in which the different casino payment methods can be divided:

Electronic transfer, also called 'instant banking', makes it possible to log in to your internet banking and deposit via a secure connection. The oh-so-popular iDEAL in New Zealand is an example of this way of paying. Internet banking via Brite, Klarna, Sofort or Poli works according to the same principle and is a good alternative if iDEAL is not available.

Also very popular are the so-called eWallets such as Neteller, Muchbetter, PayPal, Apple Pay, ecoPayz and Skrill. These online wallets are very fast and convenient to use. A big advantage is that when you return money to your eWallet, it is directly on it.

Depositing with a prepaid payment method is actually paying with cash but then online. The most famous example of this payment method is PaySafecard. The disadvantage is that you can often not have your winnings paid out to prepaid options.

Credit cards were the first payment methods in the online casinos and are still very popular, especially Visa and Mastercard. Casinos with American Express are less easy to find but they are there.

Below we give you an overview of the different payment methods that you can encounter as a New Zealand player in online casinos.

ideal

ideal logo iDEAL is the most popular online payment method in New Zealand. The fact that a online casino games for many players, this is an important factor in deciding to play.

Depositing with iDEAL is in many ways 'ideal' in online casinos as it offers fast payments and ultimate ease of use for players. The security during making the deposit is also guaZodiaceed by your own bank and your trusted internet banking. So you don't have to worry about that.

The only downside is that you can't withdraw your winnings via iDEAL.

Visa and MasterCard

visa & mastercard logo Visa and MasterCard are the most used credit cards in the online casinos. American Express and Diners Club we see a lot less.

Depositing by credit card is very quick and easy. No need to use separate logins. You enter your credit card details, confirm the amount and authorize the transaction. Authorizing Da is an extra step on your mobile phone. With Visa, this process is called ‘Verified by Visa’ and with MasterCard, it is ‘Master Secure’.

The money is immediately credited to your casino balance but not immediately debited from your account. You buy on credit, a kind of loan from the bank that you repay monthly. That can be dangerous because you're actually spending money you don't (yet) have. It is therefore extra important to continue gambling vezodiacally if you are going to deposit with Visa or MasterCard.

Trustly

Trustly logo This instant banking casino payment method works the same as iDEAL. Trustly therefore, it offers a great alternative for when iDEAL is not available.

It even offers an advantage that iDEAL does not have and that is the possibility of having your money paid out via this option as well.

To deposit with Trustly you do not need separate logins. Trustly ensures a secure connection between your internet banking and the casino. Your bank will then arrange the deposit. As soon as your transaction is successfully completed, the money will be immediately credited to your casino balance.

Skrill

PayPal logo This is an online wallet, also called eWallet, with which you can pay online and receive money. In online casinos you can Skrill then also use it to deposit and pay out.

To get started, you need to open a Skrill account and top up your online wallet with a certain amount. You can then make a deposit at the casino using your Skrill logins.

Many players prefer to deposit via eWallets such as Skrill because no financial information such as credit card number or bank account is shared with the online casino.

Neteller

Neteller logo Also Neteller it is an online wallet. It actually works the same as depositing with Skrill and is just as secure.

Neteller was one of the first online payment methods. It was revolutionary in the online casinos of yesteryear because it was the first deposit option that offered an alternative to credit cards, at the time the only casino payment method.

The speed and reliability of this online wallet made it one of the most used payment methods among online poker players. It wasn't long after that that online casinos started using Neteller as well.

PayPal

Paypal logo This is also an eWallet but as a payment method offers PayPal just slightly more extensive benefits for players than other eWallets.

There are fewer PayPal casinos than, for example, Skrill or Neteller casinos. That's because a casino can't just call itself a PayPal casino. The payment processor carries out very strict reliability checks and has strict requirements for online casinos that want to offer the method.

Paypal can be used for deposit and withdrawal. When you deposit with PayPal you are automatically protected by their exclusive buyer protection programs used to prevent unauthorized transactions and identity theft.

Paysafecard

Paysafecard logo The prepaid payment method Paysafecard is a unique option that provides the ability to deposit money with a voucher.

You buy the voucher at various points of sale such as: supermarkets, kiosks and gas stations. You load the voucher with a certain amount that you pay on the spot with the retailer. Then you can use the 16-digit PIN code on the receipt to deposit at the online casino.

Many players prefer Paysafe casinos because it is very anonymous. After all, you do not need to create a Paysafe account or enter your data for it.

Due to its anonymous nature, Paysafecard is only a deposit option and you cannot withdraw money with it. The value of a Paysafe voucher is also a maximum of $100 and if you want to deposit larger amounts, you will have to use multiple vouchers.

Immediately

sofort logo Also the originally German payment method Immediately provides a great alternative if iDEAL is not available. It is also an instant banking option where you deposit via the secure online environment of your own bank.

Sofort is available in the following countries: New Zealand, Germany, Switzerland, Australia, Poland, Spain, Czech Republic, France, Great Britain, Italy, Hungary and Slovakia.

A small disadvantage is that depositing with Sofort costs money. 0.9% of the deposit amount + $0.25 is charged, which is not much but something to take into account.

EcoPayz

ecoPayz logo Not as well known as Skrill and Neteller, but just as reliable is the eWallet ecoPayz . It offers the opportunity to pay safely in online casinos.

It is also a good payment method where you can keep your personal and financial data anonymous, because nothing is shared with the online casino.

Because you can top up your ecoPayz wallet via iDEAL, it is a good way to use this popular New Zealand payment method with a detour if it is not available in the casino.

EcoPayz is offers a very complete payment solution because you can not only use it as a deposit option but because you can also have your winnings paid out via ecoPayz.

Poli

Poli logo Shower with Poli goes the same way as with other instant banking options like Trustly and iDEAL. This is a fairly new payment method that allows you to safely transfer money directly from your own bank account to the casino.

Poli works on the basis of the dollarpese Open Banking legislation is very easy and fast. You can deposit with Poli if you bank at: ING, ABN Amro, Rabobank, ASN Bank or Volksbank.

Moreover, with Poli you can not only deposit but also withdraw money. That makes it an excellent casino payment method.

Bitcoin

bitcoin code Pay with Bitcoin and other crypto currencies is increasingly possible in the online casinos.

Gambling in a Bitcoin Casino actually just works the same as in online casinos with traditional currencies. Via your crypto wallet you transfer money to the online casino to deposit.

The big advantage of depositing with bitcoins is the high security and the Super Fast Payouts: you often receive your payouts the same day. This is because crypto is decentralized and therefore does not depend on all kinds of rules from the bank or local governments.

Pay N Play Casino

Pay N Play Fast, faster, fastest! The Pay N Play casinos are the latest hype in online casino land.

The concept was developed by payment processor Trustly and these types of casinos are also called No Account casinos. Pay N Play casinos owe that name to the fact that you can sign up at the casino without registration.

Pay and Play offers the possibility to verify your account (data) by making a deposit and start playing immediately. And that's not the only advantage, paying out your winnings is immediate. The money will be back in your bank account within a few hours.

How can I deposit money safely at an online casino?

Whichever casino payment method you choose, depositing at an online casino is easy. The step-by-step plan shows exactly what you need to do.

  1. Create an account at a reliable online casino. This is a quick and easy process, where you have to fill in your personal data. As a rule, this is completed in a few minutes.
  2. Go to the’ deposit ' page of the casino. This page is always very easy to find. Usually the button is located at the top or left of the menu bar. The button always has a clearly visible spot on the screen and often a different klNZD. Sometimes you can find the deposit page under the name “Banking” or “Balance”.
  3. Choose from the different payment methods. In the overview you can often also see what the minimum and maximum deposit amount is and whether there are transaction costs associated with it.
  4. Enter the amount you want to deposit.
  5. Follow the on-screen steps to complete the transaction. This will be different per payment method but never complicated.
  6. Confirm or authorize the transaction in the required manner.
  7. The transaction has now been completed and the balance has been credited to your casino account.

How can I safely withdraw money at a casino?

Of course, you hope to win a nice amount and be able to pay it out quickly. Various payment methods are also available for this. At most online casinos, however, you get your winnings paid out via the method with which you have deposited.

As you can see above, this is not possible with all payment methods. In that case, the online casino will offer you a number of possible options to choose from.

The process of withdrawing money at an online casino is pretty much the same everywhere.

  1. Go to the payout page of the betting site. These can be found under the ‘withdrawal’option.
  2. Choose the amount you want to cash out.
  3. Select the payment method you want to use for the payout.
  4. Confirm the transaction.
  5. The online casino processes the transaction for payout.

Collect bonuses with your deposit

One of the great advantages of playing at an online casino is the ability to casino bonuses receive. At almost every online casino you can take advantage of this. It gives you a lot of advantages. Think for example of extra play money or free spins.

Most of the bonuses in the casino are deposit bonuses. That is, you will receive an additional amount on top of the amount you deposit. Your balance can be doubled or even tripled.

Unfortunately, it happens quite often that deposits made using certain payment methods are excluded from receiving the bonus. Skrill and Neteller are examples of casino payment methods that unfortunately do not always qualify for a bonus.

So read the bonus conditions carefully before accepting a bonus. This way you avoid that if you want to deposit with a certain payment method, you may not get a bonus.

Frequently asked questions about casino payment methods

In New Zealand, the most widely used online payment method is iDEAL. Its popularity is primarily due to its ease of use, high security and reliability, the fact that it does not require the creation of a separate account, and the speed of payment.

Almost all providers use minimum deposit amounts. Most can deposit from 10 dollar deposit. Very rare are operators where you can deposit less than 10 dollars at a time, but they are there.

In such a case, read the bonus conditions carefully. There is a good chance that there is a minimum deposit amount to qualify for the welcome bonus.

The maximum amount per deposit varies per provider and per payment method. Often a maximum deposit amount of between $ 2,000 and $ 10,000 is used.

Choose a provider that has been around a bit longer and with a good reputation. New casinos may not have built up as much capital yet and may have difficulty paying out large amounts. Check if there is a maximum withdrawal amount. Also Check the deposit and payment limits of the different payment methods. This way you know whether you can deposit and/or have the amounts you want paid out. ls you want to use a casino bonus, then it is useful to check well which methods entitle to a bonus.

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