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Betting payment methods in New Zealand for 2024

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Checked by Jovana G.

Discover the best payment options for your sports betting endeavours with the help of our team of dedicated sports betting experts. We’ve delved deep to provide a comprehensive overview of all available betting payment methods in New Zealand. 

From bank transfers to e-wallets, we’ll guide you toward the most reputable, reliable, and fast payment provider to ensure your transactions are smooth sailing.

NZ’s most popular betting payments

Knowing which payment method you want to use is important when you start betting online. Everyone has a preference, and each one of the different payment methods has different pros and cons going for them.

That can make choosing the best payment method hard, so you should always consider what you want from the payment provider. To help you find the best one, we will look at all the different deposit and sports betting withdrawal methods available on NZ sportsbooks. Let’s see what there is!

Paypal
E-wallet

PayPal

This popular e-wallet has a strong reputation for safe and secure transactions as well as low minimum deposit and withdrawal limits and no fees for transferring funds from your PayPal account to your bank account. It’s less widely available at NZ sportsbooks than other e-wallets, though. 

Neteller
E-wallet

Neteller

Paysafe Group runs this very popular and widely available e-wallet. However, deposits through Neteller are often not eligible for bonus deals, and there are fees to pay when transferring funds back to your bank account. Get a Netleller Mastercard to avoid them.

Skrill
E-wallet

Skrill

This e-wallet is easy to use and has good deposit and withdrawal limits. It’s available at a growing number of sportsbooks in NZ, too. As a withdrawal method, it offers a fast turnaround on payouts.

Ecopayz
E-wallet

ecoPayz

This globally popular e-wallet has not long been available in New Zealand. It offers a safe and speedy option for both deposits and withdrawals. Use the ecoPayz app for even more secure transactions, set an account cap to help you budget and get an ecoPayz Mastercard for spending your cashouts.

Visa
Card

Visa

Probably the most widely available payment option, you’ll find Visa credit and debit cards accepted at almost every betting site. Deposits are usually instant, but withdrawals can take up to 5 working days to appear in your account

Mastercard
Card

Mastercard

 Like Visa, Mastercard debit and credit card payments are widely accepted for instant deposits to your sportsbook account. But many banks will not accept withdrawals from a gambling account, and you’ll need to use a different method.

Bank Transfer
Banking

Bank transfer

Probably the most secure payment option, this also has the largest maximum limits for making large deposits or claiming big wins. But it’s also the slowest when it comes to withdrawals.

Google Pay
Mobile wallet

Google Pay

Not all sites offer Google Pay just yet, but those that do will list it as one of their deposit methods. Link your app and Google Pay cards, and you can fund your account quickly without providing banking or card details.

Apple Pay
Mobile wallet

Apple Pay

Easy to set up and use. Apple Pay is an excellent online payment option as it offers fast deposits. You won’t need to provide any banking details to the sportsbook either.

Crypto
Other

Crypto

Offering speedy, secure and anonymous transactions, there are several cryptocurrencies to choose from, but only a few Kiwi sportsbooks currently accept them.

Best payment method betting sites by solutions offered

Now that you know what payment methods are available, the next step is choosing where to play. But, this can be hard because not every payment option is available at every site. That’s where we come in. We look for the best betting sites overall regarding the payment methods offered. Check out our list below.

Sportsbook Logo Odds rating Bonus Go to sportsbook Button Show more T&C
1
winz.io logo
Winz.io sportsbook review
95/100 Payments rating by Elena I. 88% Playscore based on Up to NZ$500 in free bets
Play now

Good to know

  • 20+ payment methods
  • Different cryptocurrencies available
  • No fees on transactions

10 payment methods

Neosurf
ecoPayz
MiFinity
Paysafecard
Skrill
Visa
Maestro
Mastercard
Bitcoin
Bank Transfer
2
stake logo
Stake sportsbook review
93/100 Payments rating by Elena I. 94% Playscore based on 200% up to NZ$500
Play now

Good to know

  • 18+ cryptocurrencies accepted
  • Same-day withdrawals offered
  • Mobile wallets available

6 payment methods

Crypto
Samsung Pay
Google Pay
Apple Pay
Mastercard
Visa
3
1xbet casino logo
1xBet sportsbook review
90/100 Payments rating by Elena I. 89% Playscore based on 200% up to NZ$350
Play now

Good to know

  • 42+ cryptocurrencies accepted
  • Skrill and POLi available
  • Near-instant withdrawals

10 payment methods

Skrill
Neteller
POLi
ecoPayz
Flexepin
Visa
Paysafecard
Crypto
Bitcoin
Mastercard
4
22bet casino logo
22Bet sportsbook review
90/100 Payments rating by Elena I. 88% Playscore based on 100% up to NZ$200
Play now

Good to know

  • Over 37 sports
  • Speedy withdrawals
  • Top-notch betting app

15 payment methods

Visa
Mastercard
Paysafecard
Skrill
Neteller
ecoPayz
MuchBetter
Crypto
Bitcoin
AirTM
Perfect Money
STICPAY
AstroPay
Jeton
PayEER
5
wallacebet logo
Wallacebet sportsbook review
88/100 Payments rating by Elena I. 82% Playscore based on 120% up to NZ$200
Play now

Good to know

  • Excellent for football
  • Great bonus offers
  • High security measures

9 payment methods

Visa
Mastercard
Neteller
ecoPayz
Skrill
Rapid Transfer
Paysafecard
Neosurf
Bank Transfer
6
leovegas logo
LeoVegas sportsbook review
85/100 Payments rating by Elena I. 89% Playscore based on Up to NZ$50 in free bets
Play now

Good to know

  • NZ$10 minimum deposit
  • Six payment methods
  • Fast transaction processing

7 payment methods

Visa
Mastercard
Skrill
Neteller
Paysafecard
Apple Pay
ecoPayz
7
playzilla logo
PlayZilla sportsbook review
85/100 Payments rating by Elena I. 82% Playscore based on 100% up to NZ$150
Play now

Good to know

  • Offers 35+ sports
  • Multiple bonus offers
  • Diverse payments range

13 payment methods

Visa
Mastercard
Paysafecard
Neosurf
Skrill
Neteller
ecoPayz
Flexepin
MuchBetter
Bitcoin Cash
Bitcoin
Crypto
Bank Transfer
8
excitewin logo
Excitewin sportsbook review
85/100 Payments rating by Elena I. 82% Playscore based on 100% up to NZ$200
Play now

Good to know

  • 18 payment methods
  • Competitive odds
  • Excellent bonuses

13 payment methods

Paysafecard
Neosurf
Skrill
Visa
Mastercard
Neteller
ecoPayz
Flexepin
MuchBetter
Bitcoin Cash
Bitcoin
Crypto
Bank Transfer
9
betvictor logo
BetVictor sportsbook review
83/100 Payments rating by Elena I. 83% Playscore based on Up to NZ$40 in free bets
Play now

Good to know

  • Skrill and Paysafecard accepted
  • Fee-free transactions
  • 8+ payment methods

6 payment methods

Visa
Mastercard
Skrill
Neteller
Paysafecard
Bank Transfer
10
casumo logo
Casumo sportsbook review
83/100 Payments rating by Elena I. 86% Playscore based on Up to NZ$50 in free bets
Play now

Good to know

  • Over 30 sports
  • Fast support replies
  • No cap on winnings

6 payment methods

Visa
Mastercard
Paysafecard
Skrill
Apple Pay
Bank Transfer

Editor's note

We review and rate betting sites that accept players from New Zealand. At the time of writing, this covers both NZ-based and offshore operators.

Before you play, make sure that the platform of your choice is licensed in other jurisdictions, has adequate security protocols in place, and follows industry-standard responsible gambling guidelines.

The first step is picking a site based on its overall best betting payment methods. But we don’t want to give you a general look at a sportsbook based on payments. To help you out, we know that you might be looking for other features too. 

To that end, in conjunction with betting payment options, we’re also looking at the different categories you might want to consider on top of this. For instance, you might want a site with many betting markets. 

Alternatively, the ability to have an early cashout might be your priority. We also look for the sportsbook offering the fastest withdrawal times, the most deposit options, and the best mobile platform. Finally, we search out the safest and the newest sites, too. 

How to choose the best betting payment options

When picking a site based on the available payment methods, we don’t just look at how many payment methods are supported. Instead, we look at several other critical criteria for using those payment options on your chosen site. We’ve provided our rating criteria in the following sections.

Bet Limits

Transaction limits 

Not all sportsbooks offer the same options regarding transaction limits. Because of this, some sportsbooks are deemed, by us, to be better than others.   For instance, a good betting site will offer low minimum deposit and withdrawal limits — the best will be around NZ$10 or NZ$15. Anything that offers a minimum of NZ$50 should be avoided. At the upper end, this will also vary depending on your chosen payment method. Generally, though, we want maximum deposit limits around the NZ$50,000 mark and withdrawals somewhere similar.   If you’re looking for big transaction limits, though, picking bank transfers is generally the way to go, as most sportsbooks allow larger transactions when using this payment option.

Betting Bonus Tip06

Deposit and withdrawal times  

Another important feature is the time it takes for your transactions to take place. The best sites will have instant deposits across the board. This means that even if you’re using a bank transfer, Apple Pay, Google Pay, e-wallet, card or whatever, your funds will appear in your account immediately.   If the deposits are slow, we’re not recommending that sportsbook. In contrast, withdrawals always take longer. The faster sites will give you a 24-hour turnaround and get the highest score. Anything over 5 days is slow and will get rated lower. 

Betting Bonus Tip05

Payment fees

Another aspect we look carefully at is payment fees for making deposits and withdrawals. Regardless of the payment method, we don’t want any fees for the top sites. They should be clear and transparent if fees exist, so you know they’re coming.   Sites that charge fees will get a lower score from us, and it will be even lower if those fees are hidden or, worse, not disclosed until transactions are processed.

Safety

This is often overlooked. We’ve got you covered here. We won’t recommend you play at a sportsbook unless it is fully licensed.   For New Zealanders, any sportsbooks you play at will hold a licence from the MGA, UKGC or even the NTRC. The licence must be displayed to see exactly where it is from. On top of that, the best sites will also have strong SSL encryption protocols in place — we’re talking 256-bit here, though 128-bit is acceptable.   Another good security sign is that the site only uses secure payment methods like PayPal, Skrill, Apple Pay, VISA, etc. We will blacklist sites without licensing or SSL encryption. 

Betting Apps Tip 02

Usability

While it’s not essential, a betting app is a great way to improve the usability of a betting site. Of course, we don’t demand an app for a sportsbook to get the highest score, but we do expect it to have a fully mobile-optimised site.   You should be able to make deposits and withdrawals using Google Pay, Apple Pay, e-wallets, cards and more from your phone just as easily as from the desktop site. Any site that doesn’t cater to making payments from the mobile platform in any way will get a low score from us!

Soccer Champions League Tip 04

Availability at NZ betting sites

To get a top score from us, the best betting sites will offer at least ten payment methods for deposits and withdrawals. We also like to see a good mix of payment types, including cards, e-wallets, mobile pay options and bank transfers. Sites offering fewer than five payment methods will be marked down as this doesn’t give players enough choice.

Payment method betting — beginner’s guide 

So, now you know how to choose the best sportsbook and what payment methods are available. The next step is actually to join one. You can look at our top list of NZ sportsbooks right here to see which one catches your eye. 

And don’t forget, picking a site with your favourite payment option is a good start, and you should also check out the different features and functions of the site as a whole. You can find more betting guides right here to help you out. Now, though, let’s look at how to deposit and withdraw!

Betting Payments Sports Alts

How to deposit

So, you want to get started placing bets using your chosen payment option. The deposit process will follow the same general principles, but the fine details depend on your selected payment method. There’s much to consider, including the forms, the details you need, etc. So, here are a few pointers:

  1. Research — Check out exactly what payment methods the sportsbook offers before you sign up. 
  2. Sign up — Join the sportsbook and complete all your details. 
  3. Claim the bonus — If there is an offer, make sure your deposit is eligible and that the payment method you’ve chosen is accepted for the deposit, too — some e-wallets are not. 
  4. Go to the banking section — Also known as the cashier, and you can then select the specific deposit method you have chosen. 
  5. Follow the steps — Each payment option is different. For e-wallets, you will need to link your e-wallet account. Credit and debit cards will require your card details, and so on. 
  6. Confirm — Make sure the amount you deposit fits the sportsbook’s accepted limits and goes through. Remember to follow any additional security protocols in place. 
  7. Start betting — Check out the best odds and find a sport you want to bet on.

Once you’ve completed all these steps, the funds will be in your account. For the most part, deposits occur instantly, so you won’t have to wait. Sometimes, you may find that bank transfers take a little longer.

How to withdraw

Like making your first deposit, a first withdrawal can also be overwhelming. On top of providing all the right PINs and card numbers, you’ll also have to ensure you’ve met any wagering requirements attached to any bonuses you’ve used. So, let’s look at how to go about it all.

  1. More research — Yes, you will need to check that your payment method can be used for withdrawals too. Sometimes it can’t, which means you’ll need an alternative option. 
  2. Look at the terms and conditions — Check that you meet any withdrawal requirements, such as the minimum (or maximum) limits. 
  3. Check wagering requirements — If you have taken on a bonus, ensure you’ve met any rollover requirements. If you haven’t, your withdrawal can’t be processed. 
  4. Go to the banking section — Choose your preferred payment method. Generally, sportsbooks like you to use the same payment method that you used to make your deposit. This is not always possible. 
  5. Verify your account — If you haven’t already, this might be the point where you need to provide an additional ID to verify your account. We recommend you do this when you first sign up, as it dramatically slows down that initial withdrawal process. 
  6. Confirm your withdrawal — Once all the above steps are completed, it’s time to confirm that payout. 
  7. Wait — Usually, and there is a pending period of a day or so while the sportsbook confirms your payout is correct. Then, depending on the payment method, you’ll get your winnings right away or have a few more days to wait. 

The biggest hassle when it comes to a withdrawal is the waiting time. Each payment is different, though e-wallets are usually the fastest. Other options, such as debit cards or bank transfers, are secure but can take up to three to five days.

Tips for betting with any payment method 

As even the best payment methods have different features available, you must consider all of these before you pick a specific payment method over another. Not all payments offer you instant deposits, for example, while others will incur a transaction fee. Here are some top tips when considering which payment option to use: 

  1. Choose a deposit method that meets your needs 
  2. For fast withdrawals, choose an e-wallet 
  3. Check the deposit and withdrawal limits of the different payment methods 
  4. Find the accepted payment methods at a sportsbook before signing up 
  5. Choose bank transfers to get the most secure payment method 

If you want something straightforward that you are familiar with, and then debit cards are also a great option. They’re secure, accepted at all sportsbooks in NZ, and do not have a transaction fee attached. If you prefer anonymity, then an option like Google Pay or Apple Pay might be better for you as you won’t need to provide your card details to the bookies. 

Should you use e-wallets for betting?

Without a doubt, e-wallets offer some of the easiest and most accessible payment methods. They’re also commonly found in most NZ sportsbooks. But should you use an e-wallet or look elsewhere for a way to fund your sportsbook account and make sports bets? Let’s take a look! 

  • Instant deposits and withdrawals 
  • Simple to set up and use 
  • Tend to have a convenient app for on-the-go transactions 
  • Good range of deposit and withdrawal limits 
  • Some, like Skrill, incur a transaction fee when sending money to your bank account 
  • Occasionally, e-wallet deposits are not eligible for sportsbook bonuses 

It’s also important to remember that not all e-wallets are the same. Skrill has good security but has some rather high transaction fees if you want to move your funds from your Skrill account to your bank account. PayPal, on the other hand, isn’t always available on NZ sportsbooks. 

FAQs

How do I pay at online NZ sportsbooks?

If you want to transfer funds to an online sportsbook in NZ, you can use several common payment methods. The best sportsbooks will have an eclectic mix of options, including bank card options, an e-wallet, and some prepaid options. Head to the site’s banking section to see what is available and select the best payment method.

What is the most popular payment method at NZ sportsbooks?

This is hard to answer, as everyone has preferences in this area. However, the most popular payment method is PayPal. As mentioned, e-wallets are the perfect payment option for fast transactions. PayPal also has low minimum deposit and withdrawal limits and high maximums. The only downside is that you can’t always claim a sportsbook or casino bonus when depositing with PayPal, so consider other betting payment methods.

How can I fund my betting account?

You can use many online betting payment methods to fund your betting account. In the banking section, choose one of the several payment options, such as bank transfers, debit cards, Google Pay, Apple Pay, prepaid cards, e-wallets and so on. Follow the steps for your preferred method. These are all slightly different, but you must provide bank or card details for some and an email and password for others.

How do you withdraw money from your bet account?

If you’ve scored a win and want to claim that cash, head to the banking or cashier section of the sportsbook. Choose your preferred withdrawal payment option and enter the amount you want to withdraw. Depending on the payment option chosen, you may need to enter a card or PIN or log in to your e-wallet or bank account to confirm the translation – follow the on-screen instructions. Ensure you have verified your account and met any wagering requirements before making your request.Sit back and wait for your funds to appear.

How long do withdrawals take at betting sites?

Every sportsbook will have a pending period, usually around 24 hours, during which they verify your withdrawal request. Once that period is over, the time it takes to get your money depends on your chosen payment method. Crypto payments are nearly instantaneous. E-wallets take a few hours to a day, while cards and bank transfers can take 2-5 days before your money appears in your account.

What is the fastest withdrawal method?

Without question, the fastest payout option is an e-wallet. Across the board, e-wallets offer the fastest way to transact at an NZ sportsbook. This isn’t only for deposits. When you need to withdraw money, they’re fast here, too. Options such as Skrill, Neteller, and PayPal are some of the fastest payment options. Although you must go through the pending sportsbook period, you can expect to get your funds within a day or two.

Are credit card payments secure?

Yes, credit card payments are secure. So, too, are debit card payments. All credit and debit cards have multiple layers of security in place. This is because they send funds straight from your bank to the sportsbook account. You must input all the card details, including the long 16-digit number. These must be correct. Otherwise, the payment won’t go through. Be aware that there can be processing fees for credit and debit cards.

What is the safest betting payment option?

Without a doubt, bank transfers are the safest betting payment option, as each transaction has to go through multiple security checks before it can be processed and approved. However, this means it is also the slowest option, at least for withdrawals.

Sources

  1. https://www.paymentsnz.co.nz/resources/payment-methods/

Ranking methodology

Our method for assessing payment methods on this page is thorough and transparent. We initiate extensive research to confirm adherence to applicable regulations and industry standards. Our team of experts employs a predefined rating system to evaluate essential aspects, guaranteeing an equitable and consistent appraisal. These aspects include transaction limits, deposit and withdrawal processing times, payment fees, safety protocols, and usability.

Sportsbook that we monitor

1xBet sportsbook, 20Bet sportsbook, 22Bet sportsbook, 888sport sportsbook, BC.Game sportsbook, Bet365 sportsbook, BetVictor sportsbook, Betway sportsbook, BitWin sportsbook, Casumo sportsbook, Excitewin sportsbook, Fansbet sportsbook, Ladbrokes sportsbook, LeoVegas sportsbook, MyBookie sportsbook, Neds sportsbook, PlayUp sportsbook, PlayZilla sportsbook, Royal Panda sportsbook, Sportsbet sportsbook, Stake sportsbook, TAB sportsbook, Wallacebet sportsbook, William Hill sportsbook, Winz.io sportsbook

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