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How to Pay for Online Casinos in New Zealand

October 5, 2018 Posted in News, Payment, Tips by No Comments

Online casinos can be just as fun as the real thing. They offer the chance to win real money from home with just a click of a button. Websites that host casino games have been a growing trend worldwide. While it is fun to play online games it can be confusing when you are trying to figure out how the payment system works, especially if the website is not one that is hosted by your native country.

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In New Zealand, The Department of Internal Affairs is responsible for regulating both online and offline casinos. It is legal for websites to be open to online gambling to foreigners who are accessing a website overseas, however, everything is not the same across the board. Different websites for online casinos might not accept the same forms of payment as one another. Fortunately, there are other ways that you can pay if the casino does not accept your county’s native currency.

 

Read more about Off-line Casinos in NZ: The six casinos that are located on land in New Zealand

 

-Currency Conversion

Casinos for some websites might only accept currency that is part of their country of origin. For New Zealand, the national currency is the New Zealand Dollar(NZD), which is equivalent 0.66 USD, 0.92 AUD, 0.85 CAD or 0.57 Euros. Services like Paypal act as a virtual wallet for storing your money online and they can be used transfer over and convert your currency for online purchases. Converting money is usually free of charge, however, there may be a small fee for transferring over money from your bank account.

– Crypto Currency

Some websites allow payment with cryptocurrency. Bitcoin is the most well-known and accepted payment, but there are many other types of cryptocurrency. The advantage of using cryptocurrencies such as Bitcoin is that there are no fees for using it as payment because they aren’t subjected to regulation by an individual country. Bitcoin can be traded by using a form of technology called Blockchain, which is used to create data that transfers the coins over from someone’s digital wallet over the receiver.

– Multi-Currency

There are online casinos that will accept multiple forms of international payment. It is best to do individual research setting up an account but more and more websites are being set up to accept payment from the US and Europe. In New Zealand, credit card payments are usually made by using Visa and Mastercard but there other payment processors that are used.

Overall, there will usually be some way that you will be able to pay. Be sure to do proper research beforehand so that you can stay safe online.

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