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Types of Credit Cards Accepted by NZ Casinos
There are many types of credit cards available and these are a few of them. Keep in mind that Mastercard allows casino deposits but not withdrawals; Visa usually works for both, as do debit cards issued by Visa.
Visa: Visa is the biggest credit card company in the world so they are a good choice for credit or debit. Visa is also the most popular choice among online gamblers since almost all online casino sites allow it as a payment method for both deposits and withdrawals. Depositing money at a casino site using Visa is just like shopping online. It is important to note that certain online casinos will only accept credit cards and not debit cards.
MasterCard: MasterCard is Visa’s top competitor, being the second biggest credit card company worldwide. MasterCard is a safe and trusted brand that many players opt for. Most online casinos accept MasterCard as a payment method. Keep in mind that with this card, it’s sometimes only possible to use it for deposits, but not withdrawals.
Prepaid Cards: You can get prepaid debit or credit cards from a variety of credit card providers, but casinos tend to accept those from Visa or Mastercard. They’re similar to usual bank cards except they’re loaded with a predetermined amount of money and completely anonymous, similar to a gift card. Most credit and debit card accepting casinos accept these prepaid cards too. One advantage is that payments can be done discreetly, as they contain no personal data and can also be reloaded online. They are a safe option for responsible gaming as you can only spend what it charged on the prepaid card.
Diners Club: Diners Club is an internationally recognized credit card brand whose main draw is the member perks and benefits. Unfortunately, Diners Club New Zealand was discontinued as of January 1, 2019.
The Difference Between Credit Cards, Prepaid Credit Cards, and Debit Cards
This is a card issued by a financial institution that allows the cardholder to loan money to pay for services or goods. This is done on the condition that the money that’s borrowed is compensated with interest which acts as the cost of borrowing money. There are often additional charges that go along with it.
A debit card is different from a credit card in the sense that the card is linked to a bank account that allows the cardholder to make the payment. Unlike credit cards, debit cards won’t allow you to go into debt. There will be small negative balances on the odds occasion, but this is mainly due to banking charges.
Prepaid Credit Cards
A prepaid card is similar to a gift card. It's preloaded with a particular sum of money and can be used as a credit card, without the fear of debt. They’re similar to debit cards except the cash is linked to the card and has no ties to a bank account. Prepaid cards are also great to use for online purchases due it being secure; however, like debit and credit cards, there are fees involved.
Why Deposit and Withdraw Using a Credit Card?
Having been around for over 60 years, credit cards are one of the most popular methods for in the world, and especially for making online payments. One of the obvious advantages is that transfers can be done quickly and players can spend as high as their credit limit, whether or not they have the cash at hand. Be aware that the balance must be paid off at the end of the month or it starts accruing interest.
Because credit cards have been around for so long, they’re fast, trustworthy, and accepted almost everywhere. Transaction times are usually quick, depending on what credit card you have. Funds are usually processed faster than with other methods too, and in some cases, are almost instant.
Making an online purchase by credit card is incredibly safe, especially when using a well-known credit card brand from a trusted bank. Of course, it’s up to the cardholder to ensure they only play casino games on registered and accredited sites. There are security features in place that protect cardholders’ financial and personal information and these mechanisms are constantly being improved and updated.
There are a number of reasons why it makes sense to use your credit card for your online casino transactions, but there are also a few drawbacks, and we'll discuss both sides of the coin in the following text.
Credit Card Casino Payment Advantages
First and foremost, depositing money using your credit card is very simple. Similar to every instant bank transfer casino in NZ, you won't need to go through any additional procedures nor register additional accounts with a third party. If you're depositing using your Visa, for example, as long as you have money in your bank account, the entire process won't take more than a couple of minutes.
Credit card transactions are also very fast, and this is true for deposits and withdrawals alike. Cash will appear in your account instantly after a deposit, and for most New Zealand players, credit card withdrawals usually don't take longer than 24-48 hours. Once a withdrawal is processed, it will be in your bank account and available for immediate use.
Credit Card Casino Payment Disadvantages
Although credit and debit cards are a very convenient way to fund your online casino account, there are also certain downsides that may or may not apply to you.
One of the most obvious ones is the fact you'll have to share your credit card number, CCV, and other sensitive information with an online casino. Some people may have a problem with this, as they are afraid their information could be stolen and used without their knowledge. While this shouldn't be a concern when dealing with reputable and trustworthy online casinos, like the ones listed on our site, this isn't a completely unreasonable fear, especially when depositing with a casino you’re not familiar with.
Also, when you deposit with your Visa or MasterCard, this leaves a paper trail of the transaction. While gambling online isn't illegal in New Zealand and Kiwi players have nothing to worry about from the legal perspective, some people prefer to keep their gaming habits to themselves for various reasons. If you belong to this category, credit cards might not be the best choice for you, as all deposits and withdrawals will be clearly visible on your card statements.
If cardholders aren’t careful they can over spend on their cards and go into credit card debt. If it gets really bad they could even end up blacklisted. It is important to gamble responsibly and adhere to the age old rule of never spending more than you’re prepared to lose.
Prepaid Credit Cards
Prepaid credit cards are an interesting alternative to the classic credit card. They're a good gambling payment option if you want the ultimate amount of control over your personal information since casinos only have access to the funds on that card and payments can be kept off of your main bank statement.
Still, we don't recommend using prepaid credit cards for online casino gaming. The biggest reason is that fees are high. There often fees charged by online casino and the activation fees are extremely high unless you choose a card with a high dollar amount. Another huge drawback is that withdrawals are not possible and a different method must be used to get your hard-won money.
Prepaid Credit Card Advantages
- Nearly all online casinos accept prepaid Visa or Mastercard as a deposit option
- Not restricted like credit cards offered by financial institutions and banks
- No background checks required
Prepaid Credit Card Disadvantages
- You need to wait up to 24 hours for activation
- High activation fees
- No withdrawals possible
To use a prepaid card at an online casino, you simply need to purchase and activate it at a store, then select "Visa" or "Mastercard" as the deposit option. Deposits are usually instant.
How Can I Get a Credit Card or Prepaid Card?
Credit cards are fairly easy to get from banks and certain stores. If you have a good credit history, your bank will be able to issue you one without any hassle. Debit cards are even easier to obtain from the bank. All you need to get started is have a certain minimum amount in your account and pay a small fee.
Land Based Casino Credit Cards
As we have gone over on our legal page many credit cards in New Zealand permit online gambling, but classify them as cash advances (considered as cash substitutes or equivalents), and thus charge high fees on whatever money is deposited. Local New Zealand casinos have ATM terminals all over the place, which can be used to withdraw cash from your account and use for purchasing gambling chips. It might not be convenient but it helps reinforce responsible gambling by not allowing customers to spend money they don't have.
How to Deposit Money Using a Credit Card
If you’ve ever used your card for any type of an online transaction, like online shopping, for example, you won’t have any problems depositing money with a credit card. The process is fairly simple and straightforward.
When depositing money at one of our Kiwi-oriented casinos like Spin Casino, the first thing you need to do is go to the cashier section of the casino site and click on ‘Deposit’. There, you’ll select ‘Credit Card’ as the payment method. After that, you’ll be asked to enter the following information:
- Credit card owner name and surname (make sure to use only a card registered to your name, otherwise your account will likely be blocked)
- Address (the address you registered with your card)
- Credit card number (the 16-digit number on the front of your card)
- CCV or a Security Number (a three- or four-digit number located on the back of your card)
- The amount you wish to deposit
At some casinos, you might also need to provide additional information, like the date of birth or similar, but these four pieces of information are what you’ll usually encounter. Once you’ve filled up all the fields and double-checked the information, just click the button to confirm the transaction and wait a few seconds. You might receive a confirmation code by phone or email. If everything is in order, you’ll receive a message about a successful deposit, the funds will be reflected in your online casino account, and the money will be ready for gameplay!
How to Withdraw Money From Your Casino Account
Each online casino has slightly different withdrawal processes, which may differ even more depending on which bank you’re with. The process described below is fairly typical, though.
- Log into your account and select ‘Banking’. Your funds should be displayed.
- Choose the ‘Withdraw' option and enter the amount you wish to withdraw (there may be minimum amounts).
- Select ‘Credit Card' as your payment method and click ‘Submit’.
- Your withdrawal should not be much more complicated than the above steps and funds should reflect in around 1 day to 3 days.
New Zealand Banks That Allow Online Gambling Payments By Credit Card
|Overview of New Zealand Credit Cards That Allow Gambling Transactions|
|Card Name||Issued By||Fees|
|Westpac Prepaid Visa||Westpac Bank||22.95% cash advance rate|
|ANZ Visa||ANZ Bank New Zealand||22.95% cash advance rate|
|ASB Visa||ASB Bank||22.95% cash advance rate|
|BNZ Visa||BNZ (Bank of New Zealand)||18.95% to 22.95% per transaction|
|Gem Visa||Gem by Latitude||22.95% cash advance rate|
|Kiwibank Visa||Kiwibank||22.95% cash advance rate|
|TSB Visa||TSB Bank||$2 per transaction|
|Warehouse Money Visa||The Warehouse||22.95% cash advance rate|
Safety Tips For Using Credit Cards at Online Casinos
As long as you’re playing at one of the online casinos we’ve discussed on this page, you can rest assured that they’re safe, reliable and secure online casinos. Nonetheless, it’s important to take precautions both online and offline. Here are a few tips to ensure the safety of your personal information.
- Keep your computer protected at all times. While a casino may not be after your credit card info, there are others who could gain access to your data by stealing it from your computer. Make sure you always have antivirus software running and only share your sensitive information with reliable sites.
- Have a separate card for online gambling. Using a different card exclusively for online casino transactions has multiple benefits: your other funds won’t be in danger even if your card is compromised; you’ll have much better control over how much you deposit; and you can generally keep your gaming transactions separate from all other transactions.
- Keep a close eye on your credit card statements. Always check for unusual charges on your bank and credit card statement. If you see an item that doesn’t look right, it’s usually an indicator your card has been compromised and you need to let your bank know ASAP.
These tips will keep you safe and prevent most unexpected and unpleasant events. However, we still advise you to stick with online casinos that have a longstanding reputation and cater specifically to New Zealand players, as these will usually provide you with the best possible experience. All the casinos on our site have been thoroughly checked and vetted, so you can take your pick and start playing immediately without any fear. Your information and cash will be in safe hands and you’re guaranteed to have a lot of fun too.
Credit Card Payment Alternatives
One way to get around using credit cards directly at the casino is to purchase bitcoins and then play at our top bitcoin casinos. There are a variety of bitcoin wallets and exchanges that allow credit cards to be used to purchase cryptocurrency such as Coinbase and CEx.io.
In recent years, eWallets have become another popular casino banking method because it’s fast and incredibly safe. Some of the most popular brands among Kiwi casinos and gamers are Skrill, Neteller, ecoPayz, and MuchBetter.
Credit cards are great because they’re available for use at pretty all great real money casinos in NZ and allow you to get started playing your favourite games and online pokies NZ with the least hassle. Nonetheless, we at Real Money Casinos don’t suggest using them. The biggest drawback is paying fees higher than other payment methods. Also, not all cards allow gambling transactions, so be sure to read your card's terms and conditions carefully (all of the options mentioned on this page allow online gambling).
Credit cards have a good reputation and are widely used at casinos overall. They're easy to use, accepted pretty much everywhere, and transfer money fairly quick. However, legislation worldwide is gradually becoming more restrictive to the gambling industry, which could influence New Zealand’s laws too. The Department of Internal Affairs has already floated the idea of banning the use of credit cards at online casinos. In addition, Australia already passed a ban on credit cards for gambling use as of December 2020, as did the UK Gambling Commission in April 2020. If all this comes to pass in New Zealand, credit cards may no longer be an option and you'll have to explore other casino payment methods.
To learn more about the bonus options once you deposit money via credit card, check out our recommendations for casinos with exclusive free spins and free spins no deposit NZ offers that players will really appreciate!
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