Paysafecard leads the way when it comes to depositing at online casinos using prepaid vouchers. The world-famous payment option is notable across the world, and most New Zealand-friendly online casinos support transactions made using this method. What is Paysafecard, though, and how can you use it to get the most out of your online casino experience? Join us as we explore what Paysafecard has to offer you here today.
Paysafecard Explained
Paysafecard was one of the very first prepaid vouchers to appear in an online setting. It first emerged in 2000 and hails from Austria. Notable for featuring lengthy sixteen-digit codes to trigger its vouchers, the payment method can be used to pay for all sorts of things, and it has long been associated with the online casino world.
Paysafecard was acquired by Skrill in 2014. That group was then bought out itself by Neteller. Today, they form the Paysafe Group. In more recent years, Paysafecard has evolved from offering a simple voucher service. It is now possible to load your Paysafecard vouchers to an online account known as MyPaysafe. This allows you to keep tabs on the balances on various cards (vouchers), which can be linked to your Skrill or Neteller e-wallet accounts (if you have one or both) to boot.
You can acquire Paysafecard vouchers from a host of outlets. Popular land-based retailers and outlets sell them in the twin-island nation, and they can also be bought online. Once you have acquired a Paysafecard voucher, you’ll have the choice of spending it directly by entering the code at your casino or by loading it into your MyPaysafe account. How do you actually use it, though? Allow us to explain below.
Deposit Process
You’ll need to acquire a Paysafecard voucher before you can use this payment method online. Vouchers are normally worth between $10 and $100, although some can rise up to $1,000, depending on where you acquire them from. Once you have a voucher, you have two options, as detailed below:
- Paysafecard: Head over to your preferred NZ casino and select Paysafecard as your deposit option. Enter the 16-digit code on the voucher to load the balance of the voucher to your New Zealand casino account.
- MyPaysafe: If you open an account with MyPaysafe, you can load your vouchers onto that account. From there, you can use your MyPaysafe details at online casinos to make direct deposits. This will show that the sum is deducted directly from any available cards. This is handy for some since it allows you to deposit without using the entire balance of a Paysafecard voucher.
Withdrawal Process
Unfortunately, withdrawing casino winnings isn’t possible for New Zealanders, no matter which Paysafecard method you use. However, both Skrill and Neteller are part of the same Paysafe Group, so they could be the ideal option for withdrawals. Using either of these e-wallets will see you able to pocket your winnings in under 1-2 days, and the fees associated with both are very reasonable. If you do see NZ casinos claiming to offer withdrawals with Paysafecard (some do claim this), you should ignore them. This simply isn’t possible, and we’d be hesitant to trust any such site offering such information.
Fees and Limits
Paysafecard vouchers have relatively short lifespans, and it is important to keep tabs on how long you’ve got left if you want to avoid fees. If a voucher hasn’t been used within two months, you’ll be charged a $3 service fee. You will also be charged $6 for any refunds you get, and there are currency conversion fees if you don’t purchase Paysafecard vouchers in the currency you need. Any MyPaysafe account (or vouchers) that have balances on them after thirteen months are also charged a $5 monthly fee. On the upside, online casinos do not charge any fees for using Paysafecard, and as long as you use your vouchers in a timely manner, you will never be charged a fee at all with this payment option.
There are limits tied to Paysafecard, too. Generally, casinos permit deposits worth $5 to $100, $200 or $500 to be made using this prepaid voucher. In some cases, a few selected sites may permit deposits of $1,000. Don’t be surprised to find some NZ casinos with higher minimum deposit limits of $10, even $25, in place.
Transaction Times
Paysafecard deposits are processed instantly. They will arrive in your New Zealand online casino account the very second that you confirm the transaction. As mentioned, there is no possibility of withdrawing via Paysafecard. However, we recommend using the other Paysafe Group options, such as Skrill and Neteller. Skrill is marginally faster than Neteller when it comes to withdrawals, so we’d recommend starting there.
Why Use Paysafecard at Online Casinos in New Zealand?
Paysafecard has one big thing going for it that most other NZ payment methods don’t – it can be used to deposit anonymously without providing any bank or e-wallet details to your casino. It’s non-hackable and cannot be stolen. In fact, Paysafecard is arguably the most secure way to deposit gambling funds into your casino account. However, there’s a drawback and a big one.
Prepaid vouchers such as Paysafecard cannot be used to cash out your winnings. You will, therefore, be required to find another option. Even if you choose one of its e-wallet sister options, you’ll still be giving the casino some of your personal details. This negates the security you get when choosing to deposit with Paysafecard. Therefore, you may just choose to deposit and withdraw using one of those e-wallets. However, if you’re overly concerned with security when depositing, Paysafecard can still very much do a job for you at New Zealand online casinos.