10 best payment methods to withdraw safely
Knowing the best payment methods to receive your online betting prizes is key.
Mainly because the act of gambling in New Zealand is not yet legal , then you should be making your matches on international sites.
Betting on New Zealand is not the same as betting from New Zealand. So, you can place bets online on foreign sites quietly!
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Receiving online payments from international betting sites may seem complicated, but it is not. There are many options available that are safe!
In this sense, it is important that you know each of them, so that you know what their advantages and what their disadvantages are.
The first thing you need to know is: the way you choose to deposit your money on the site will usually also be the way you will receive it.
If you choose to use credit card as a payment method for your guesses, you will receive the profits on the same card.
So be careful before you bet. See below what are the best payment methods in bookmakers.
Best payment methods
Now that you know that the method you deposit is the same as the one you will withdraw, you can choose which one is most appropriate for you!
Therefore, we have separated below some of the main and safest for your transactions.
Remember to check your availabilities at the bookmaker of your choice.
Not all sports betting sites provide these modalities to the New Zealand public – as is the case with the bank slip .
1. Bank Slip
Let's start with the most controversial method.
Many people choose at first to pay with Bank Slip . But you can not forget that it can be a big headache when receiving.
As you can already imagine, it is not possible to withdraw with a bank slip .
It works as follows: the bookmaker generates an amount that you need to pay. This amount is what will be credited to your account.
You will go to a bank, a lottery house or even your Internet Banking and you will pay this amount.
It is linked to a barcode, which is found on the bank slip, which can be either a physical paper or a PDF document.
And as soon as you pay it, it may take from 1 to 5 days for the bookmaker to receive your payment.
So for some bettors, it can be tricky to use this method. But more and more bookmakers have adopted Boleto.
Bookmakers that accept Boleto Bancário
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- $1 minimum deposit
Payment methods
2. PIX
O PIX it is one of the newest methods in New Zealand and is already quite successful for its ease and agility.
Bookmakers have noticed this and many have already included this means of payment on their websites. We recommend the following:
- Betane
- Bodog
- Betway
- 22Bet
Just like the Billet, the PIX serves only as a means for deposit. But it has a big difference:
In PIX the transaction is instant!
Before opting for this means of payment in the bookmakers, however, remember activate your PIX ante key s.
It is very simple to choose this method on betting sites:
- Access your account at a bookmaker
- Choose PIX as your deposit method
- Deposit the amount you want to have in your account
- Place your bets!
As for loot, unfortunately, PIX is not an option.
3. Credit card
Without a doubt, it is one of the most popular forms of payment and withdrawal on betting sites. But not all New Zealanders can use it.
It is still illegal to bet on national territory. So pay with credit card New Zealand has created complications for some punters.
Firstly because many banks in New Zealand block transactions involving sports betting. Even if they are bets on foreign sites.
You need to talk to your manager to confirm whether your card allows this type of transaction or not.
If the bank accepts, you need to check what fees are charged for transactions carried out abroad.
Add this to the rates practiced by bookmakers, which can vary from 5% to 10% on top of your premium .
In case your bank does not accept the transaction by credit card, the only way to receive the money is through virtual wallets .
4. Virtual Wallets
E-wallets are virtual spaces for storing money online. The strong point of the service is agility.
With virtual wallets, your money comes in the minute it is transferred!
The best known and currently used option is the PayPal , which by the way has one of the best safety standards in the world! It also includes Ecopayz.
Another advantage of virtual wallets is that in them you can work with all kinds of currencies. Real, Euro and even Bitcoin.
Not to mention that they do not require any type of charge to be maintained, much less documents to be opened.
Just have an email and you're done!
5. Bank Transfer
If you have transferred to a bookmaker, you should receive your money in the same way and on the same source account.
The main advantage is that it is a secure method, since all actions are recorded in your bank account. And any problem you have just alert the bank.
The downside is time, as it takes an average of 2-3 business days for the money to become available.
6. Pay4Fun
A Pay4Fun it is another payment method widely used by bookmakers.
The online payment platform allows you to make withdrawals and deposits. Its main advantage is the speed of transactions.
But there are other points that make Pay4Fun a good option to make your payments:
- Security
- Credibility in the market
- Facility to add funds on the platform
At Pay4Fun withdrawals and deposits are immediate!
However, it is important to remember that the amount for deposit and withdrawal using Pay4Fun may vary depending on the betting site.
The bookmakers that offer this option are:
- Betane
- 22bet
- BetWay
- 1xBet
7. Vcredits
A Vcredits it is a very popular virtual wallet among New Zealanders. Therefore, many bookmakers offer this means of payment.
To use it is quite simple:
- Create an account on the Vcredits website
- Deposit a value
- Transfer the balance to the betting site of your choice
Thus, you are fit to do deposits and withdrawals using this virtual wallet.
The main advantage of Vcredits is that the transactions are immediate , making life easier for the bettor.
Bookmakers offering Vcredits are:
- Betway
- 22bet
- 1Xbet
- Betsson
- Yukon Gold
8. Prepaid cards
Prepaid cards are considered payment methods one-way , i.e., they only serve to deposit the money .
The most recommended are Astropay and the Paysafecard .
If you use this method to buy credits at a bookmaker, you will receive your winnings directly into your bank account.
9. Internet Banking
Internet Banking is an option that virtually every bank in New Zealand has. It's quick and easy for bettors. Just have access to the internet.
Many people confuse this withdrawal method with bank transfer. It's not the same .
Internet Banking is a service that can be accessed on your bank's website or app.
It works as a manager of your bank account.
In it, you have access to your balances, account statements, you can make payments on Securities and bank transfers.
Normal bank transfer takes up to 3 working days to sign in to your account.
If it is done through Internet Banking, however, it usually takes not one day.
The principle is similar: it is, in fact, made a transfer from the bookmaker's bank account to yours. However, the virtual environment of Internet Banking makes it a faster process.
10. Cryptocurrencies
Cryptocurrencies are increasingly on the rise. However, not everyone understands its use.
First of all it is important to understand that not every betting site offers this option.
And when it offers you need to have a cryptocurrency wallet . For this, it is necessary:
- Create a wallet for cryptocurrencies
- Buy Bitcoin , for example, the most famous cryptocurrency of all.
After this step, you will earn balance on your account at the bookmaker. If you win your bets, you can also receive your payment in cryptocurrency.
See good bookmakers with cryptocurrencies:
Beware of Taxation
If you're playing for the first time, keep an eye out for impose and at rules of international bookmakers .
It is important to choose a house with online support or customer service with 24-hour service.
The presence of a good support service is essential, and that is why it is something that we always evaluate in our bookmaker reviews.
This makes it easy, not least because New Zealand can have a big time zone difference with the country you are playing in.
A good and well-attended website also makes financial transactions simpler. No one likes to pay for something and take a long time to receive it.
Income tax on bets
About taxation you should only worry about this if you are going to transfer high amounts, such as above $ 500.00 per time .
Remember that at the end of a tax year you will have to pay income tax if your income is more than $ 28,559.70.
And the IRS checks if the amounts received in a bank account match your declared source of income.
There is no getting away from it unless you keep your profits in virtual wallets. They are not yet covered by any legislation.
If you choose another payment method and get high profits on bets , shall state the Personal income tax (IRPF).
In the annual form, the bettor must indicate the amount in which he says "Taxable income received from individuals and from abroad” .
Cryptocurrencies, on the other hand, need to be declared in a special way. They must be declared in the “ Assets and rights ", more specifically in the tab “Other property and rights” .
The amounts received from Bets will be taxed as if they were a salary or a payment for a provision of services.
Bookmakers with Online payment methods
- 700+ casino games & slots
- VIP program & regular promotions
- $1 minimum deposit
Payment methods
Frequently Asked Questions
🏦 What is the best form of payment?
We recommend the following payment methods: Boleto, PIX, credit card, bank transfer, Pay4Fun, cryptocurrencies, Vcredits, Internet Banking, virtual wallets and prepaid cards. But remember: the best payment method is the one that works for you and that fits your bettor profile.
💰 How to withdraw money from bookmakers?
You need to log in to the bookmaker. Then choose the withdrawal method and request the same. Often there is a minimum amount for withdrawal and some rules to adhere to before starting the transaction. Therefore, check the terms and conditions of the bookmaker before.
💻 What are the best online payment platforms?
All the means of payment that we mention in this guide are safe and reliable. So, choose the one that is easier and simpler for you when it comes to betting!
User reviews
Great explanations ! Bye!
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