GUIDE TO DEPOSITING AND WITHDRAWING AT ONLINE CASINOS

Some players feel uncomfortable handing over their hard-earned cash at online casinos, so we’re here to explain the depositing and withdrawing process, plus top tips on how to stay safe.

Continue reading to find out:

  • How to deposit and withdraw
  • Types of payment methods used
  • How to manage your bankroll
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Depositing Your Money

Depositing Your Money

If you’re familiar with online shopping, you’ll find buying chips at an online casino simple. Instead of everything being loaded into a virtual shopping cart, your transaction will be done at the “cashier”. Simply look for a tab with that name or similar, or wherever you see the NZ$ sign.

At the cashier, you’ll be expected to enter the amount you want to pay in and your payment method of choice. The web page should be user-friendly – easy to navigate with clear, concise text.

You’ll then be asked to fill out your name, card details (the long number across the front, the expiry date, and the security code) and your billing address. If you’re paying using an eWallet such as Paypal, you’ll be directed to the login page so they can authenticate that it’s you.

Never give out your password or any details you feel could put your safety at risk. If you sense anything fishy, report it to your bank or the casino’s customer services.

HOW TO MANAGE YOUR BANKROLL

  • Managing your bankroll is essential when gambling. Always set limits on what you can bet and stick to it. Never wager a foolish proportion of your bankroll on a single game. Extreme bets can lead to serious problems and financial ruin, so gamble safely and build your bankroll slowly by taking advantage of generous bonuses.

Payment Methods Available at Online Casinos

At most online casinos, the following payment methods are available:

  • Credit Card: Major credit cards like Visa and Mastercard are supported by most licensed online casinos. They allow instant play and the zero liability guarantees protect you against transaction fraud.
  • Debit Card: This is great for players who don’t want to spend more than they have in the bank. Visa, Mastercard, Electron, and Maestro are accepted by most online casinos.
  • eWallets: For added security, many people favour electronic wallets like Paypal and Skrill. With light-speed transfers, you can see why.
  • Apple or Google Pay: The favourite amongst tech lovers, and a super convenient way to safeguard your card details.
  • Bank Transfer: Wire money directly from your bank. Speak to your bank to find out whether this is something you can do online or on the phone, or in a branch with an advisor.
  • Bitcoin: Global cryptocurrency Bitcoin is gaining popularity and shields your details from the casino.
  • Vouchers & Virtual Prepaid Cards: Prepaid cards give you an extra layer of anonymity. Choose well-reputable ones like Entropay, Paysafecard, or EcoCard. To use, simply enter the PIN or activation code when prompted.
Beware of wagering requirements

Beware of wagering requirements

With so many online casinos in competition for business, you can bag yourself some nice deals via their welcome bonus schemes. The free cash seems like a great starting boost, but it can impact your withdrawal.

For casinos to make money on your “free money” they might insist that you must wager at least 20 times the amount of the bonus in order to withdraw any winnings. It sounds confusing, but all your progress will be tracked and shown to you in the cashier section, so you’ll always know where you are.

Withdrawing Your Winnings

Withdrawing Your Winnings

Now you’ve won some hard cash, you’re going to want to get your hands on it. At a trustworthy casino, this should be a straightforward process. Head to the cashier and enter the amount you wish to withdraw and the method you want to use. NB some methods can only be used if that’s how you deposited.

All withdrawals must be approved manually, so they won’t hit your account instantly. Some casinos display a process timeline, which keeps players in the know. The fastest methods tend to be eWallets, with same-day money transactions. Credit cards are the slowest as they require provider approval.

The first time you get your cash out, be prepared to show ID as a fraud preventative. You’ll only need to upload it once, so simply send a photo of it from your smartphone.