How to Deposit and Withdraw Safely at Online Casinos

In this article, we’ll explore the main guidelines to follow in order to make fast and secure payments at online casinos.

New Zealand online casinos handle volumes of daily financial transactions, both in and out. Since these sites are money-based, it's only fitting that users are provided with a easy, effective, and most of all, secure payment method. For players who like playing small, there are also plenty of top casinos with smallest deposits that provide a secure and cost-effective entry.

It's also required to offer a wide range of payment types for players. Most casinos already support both older and newer methods of payment (like bank transfers and credit cards, or prepaid cards and e-wallets).

From players' sides, two aspects are most critical: the promptness of payments and security of personal data. Starting with the latter, any casino licensed to offer online gambling services in New Zealand has to ensure high levels of security on all transactions regardless of the payment method used.

Where speed is in question, the majority of deposit methods today — excluding bank transfers — are instant. Money placed in a gaming account must be usable within seconds. Withdrawals, however, vary depending on an operator. E-wallets like PayPal or Skrill tend to be best in case of faster withdrawals. For further information, review each payment system's individual terms.

The use of e-wallets or prepaid cards is also helpful to track your session of gambling and limit the amount of money you need to spend betting.

How to Make a Deposit

Any gambler who wants to get started will be required to make an initial deposit. Each of the casinos has a minimum, usually around $5 or $20. Due to New Zealand's anti-money laundering laws, you can't make a deposit and then quickly withdraw money without risking first. That's why you must know how much you want to spend.

When the deposit is made, it is added to the player's account balance. A first deposit of $100 will, for example, have an available balance of $100 in the player's account.

The deposit process is the same as with any other internet payment. All the casinos have a "Cashier" or "Banking" area, easily found after entering the site. Here you can find the list of payment methods you are able to deposit with. Once you select your preferred method, you just fill in details — the same as one would do when buying something on the net.

If you pay using credit/debit card, prepaid card, or e-wallet, the transaction will most likely be completed in seconds. Bank transfers are 3 to 5 business days.

The welcome bonus is usually offered on the first deposit by the majority of casinos, though be reminded that not all payment methods are eligible for bonuses. It is better to take this into consideration if you want to receive promotions.

How to Withdraw Your Winnings

Players in New Zealand can withdraw winnings by fulfilling the process of account verification by presenting a copy of the ID submitted during registration. This procedure is easy and clearly documented by every casino. It's extremely advisable to finish this step while registering for your account to stay away from delayed withdrawals later. Keep in mind that generally, a 30-day time frame to verify your account is applicable.

To withdraw, players go back to the same "Cashier" page they accessed for deposits. The withdrawal process varies with casino policy, which can belong to one of the following:

• You have the free option to choose any withdrawal option.
• You are required to use the same option as your last deposit.
• You must pay with the same method as your deposit up to the amount deposited, and you may choose another method for any excess amount.

These are typically set on the casino's FAQ or payment policy page.

Normally, withdrawals are charge-free. There may be limits on transactions, however — normally between a couple of thousand euros — and these are usually only to target high-spending players. Bank transfers normally become compulsory in such cases.

Keep in mind that you are allowed to withdraw winnings only. You cannot withdraw new deposited funds unless they have been wagered. Assume you deposit $100, wager $10 and win €50, then your balance would be $140. You can withdraw $50 only, and the remaining $90 is still in your initial deposit.

Payment Security

One of the most important issues for internet gamblers is payment information protection — both as it relates to the casino's reliability and technological security.

As for trust, it is pretty strictly regulated licensed New Zealand casinos. No licensed casino will ever withdraw more than you authorized. Transparence is demanded: all money transactions to and from your account are followed and can be retrieved at any moment by you.

Technologically, the online casinos also have to be of the highest standards. The encryption of all data transmitted between the player and casino servers takes place. Moreover, all saved information of the players is retained securely on secure systems.

There is also a secondary layer of protection from the payment processor. Credit cards, for instance, have "Verified by Visa" or "Mastercard SecureCode," while PayPal, Skrill, and Neteller utilize OTP (One Time Password) delivered to clients' phones.

Did you ever purchase something on the internet from a trusted store? That is the same level of protection you can enjoy from a trusted New Zealand online casino.