Payforit may not be a payment method you are immediately familiar with, despite its original launch in 2007. Only within the last few years has it begun to get involved in the online casino world. Today, New Zealanders are just some of the global players who can expect to make the most out of what Payforit offers, as we’ll explain in detail in our Payforit New Zealand payment method review. Let’s get started.
Payforit Explained
Payforit is a pay-by-mobile option that is regularly used for all sorts of transactions in New Zealand. It is particularly notable for being free from fees but suffering from the same issue as most other mobile-centric payment options, in that it can’t be used to withdraw your winnings. Don’t let that put you off there – there are still great reasons to make use of Payforit.
For starters, Payforit enables you to deposit with ease, using nothing more than your phone services. The way it works is simple enough. Whatever you choose to deposit at your NZ online casino will be added to your phone bill. Of course, for that to work, you must have a contract with a phone operator.
Payforit is best suited for New Zealanders who want to make small-scale deposits at their preferred casinos. Moreover, because it cannot be used to withdraw your winnings, you’ll need to opt for another method for cashing out your winnings. Let’s run you through the main deposit process with Payforit below – here’s what you need to know:
Deposit Process
No account is needed to use Payforit at New Zealand online casinos – or, rather, no Payforit account is needed. You’ll need an online casino account, of course. After signing into your NZ casino, follow these short steps to deposit:
- Head to the cashier page at your preferred New Zealand online casino.
- Select “deposit” and choose Payforit from the options provided
- Enter your mobile phone number when prompted, along with the relevant amount.
- You’ll now receive a message with a code which you can submit to confirm the transaction.
- Once agreed upon, the deposit will arrive in your casino account, and the sum will be added to your phone bill whenever you pay it the next time.
Withdrawal Process
Unfortunately, Payforit cannot be used to withdraw your winnings from New Zealand casinos. It isn’t unique here – the same is true for all pay-by-mobile banking options. You can see why it wouldn’t work. The logistics of receiving money off your phone bill are just too complicated, so you’ll need to use an alternative tool to withdraw your winnings from Payforit NZ online casino sites.
Fees and Limits
Payforit is free to use. New Zealanders are not charged fees for depositing with this payment method via their phones. Moreover, NZ online casinos don’t hit you with fees for choosing this option, either. We should note that there are relatively low deposit limits associated with Payforit, as mentioned. This means that it isn’t ideal for those who want to play high-stakes games – in short, high rollers.
Deposits worth as little as five to ten bucks are possible, while the upper limit is usually around the $30 to $50 mark. There is a cap of around $250 during any single billing period, and this cannot be altered. If you reach that limit, you’ll need to use an alternative method for the rest of the billing window.
Transaction Times
Payforit transactions are lightning fast. Once you start processing a deposit to a New Zealand casino with Payforit, you can expect your deposit to arrive immediately. This means that you’ll have instant access to your funds for gameplay.
As you cannot use Payforit to withdraw your winnings from online casinos, there’s no real point in us touching on transaction times associated with cashouts. Instead, you’ll need to use another option to bring home your winnings, and transaction times associated with those options can vary from a few minutes with cryptocurrencies up to a week or more via money transfers.
Why Use Payforit at Online Casinos in New Zealand?
Payforit is incredibly handy if you want to deposit into your New Zealand casino account without yielding any private or personal information to the site in question. Sure, they’ll get your phone number, but your bank details will remain private. That is until you likely choose bank transfers as your withdrawal option. There are clearly identifiable pros and cons associated with this method, but New Zealanders have taken to it, so we’re going to give it a thumbs up.