Fast Payout Online Casinos NZ šļø 2023
In the old days, payouts could take entire days to process. Fortunately, such long waiting times are long behind us. Fast payouts turned into a must-have feature as new payment methods appeared in online casinos. It allowed websites to become more competitive with brick-and-mortar venues, eventually surpassing them.
Unsurprisingly, online casinos only started taking off when banking options like e-wallets and cryptocurrencies became popular. These payment methods were a massive upgrade over what was available before, as they ensured deposits and withdrawals were faster and simpler. Beyond the convenience, quicker transactions made people more comfortable with gambling sites.
Many New Zealanders didnāt trust online casinos, seeing them as scams to get their money. However, such problems do not occur on gambling sites with fast payouts. They allow you to cash out funds in hours, assuming youāve completed KYC verification.
My name is Erik King. As a big fan of online casinos, I witnessed first-hand how fast payouts transformed them into the juggernauts they are today. Thatās why I decided to put together this page for Kiwislots.nz to help you find the best websites out there. If you want to upgrade your experience, check out my guide to online casinos with fast payouts.
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Deposit and Withdrawal Speeds in New Zealand
At almost all online casinos, deposits happen in a blink of an eye. Everything from bank transfers, credit cards, and alternative payment methods offer deposits that are instant or close to it. Iāve gone through many NZ-facing gambling sites, all providing lightning-fast deposits. When looking at the best place to play games, you can freely assume adding money will be instantaneous. If not, my reviews will be sure to chew them out for it!
Meanwhile, withdrawal speeds are much more varied. Several factors play a part in this, the most obvious being your chosen payment method. The nature of e-wallets and cryptocurrencies makes them the fastest way to cash out funds. Credit and debit cards can be quick, though theyāre not on the same level as the other two banking options. The slowest withdrawals are wire transfers. They take the longest and should be used if no other reliable payment methods are available.
How quickly you can cash out also depends on the casino. Some websites have long pending periods within which their staff reviews transactions. In such cases, operators usually let you cancel your withdrawal requests, hoping youāll get bored and spend the money. The best online casinos do their best to speed the process up, bringing down waiting times to a few hours.
You should expect your first withdrawal in a new casino to take longer. Websites must adhere to Know Your Customer regulations, meaning operators must confirm the identity of their members. That can require several days to complete, but less reputable casinos have been known to drag it out longer. That is why choosing licensed websites with positive reviews is important.
Common Payment Methods and Relevant Data
Below, you can find the lowdown on the most common payment options available at NZ online casinos.
| Payment Method | Deposit Speed | Withdrawal Speed | Fees | Security Level |
| Credit/debit cards | Instant | 24-72 hours | None | High |
| Bank transfers | Several hours | 3-5 days | Low | High |
| Instant bank transfers (POLi) | Instant | 3 days | Low | High |
| E-wallets | Instant | 1-12 hours | None/Low | High |
| Cryptocurrencies | Instant | 1-12 hours | None | High |
| Prepaid cards | Instant | N/A | None | High |
Detailed Review of Common Payment Methods
Each payment method has ups and downs that make it attractive to players. Depending on your priorities, youāll want to pick different banking options when playing games at online casinos with fast payouts.
Credit/Debit Cards
Pros:
- The most convenient way to pay
- Widely available in online casinos
- Funds drawn from and sent to your bank balance
- No fees
Cons:
- Gambling transactions are visible to your bank
- Withdrawals are slower than e-wallets
Speed:
When you use a credit or debit card to add money to your account, the transaction is completed instantly, as if by magic. Cashing out can take 24 to 72 hours, with funds being sent directly to your bank account.
Security:
No matter what credit or debit card you use, they all follow strict security protocols. That includes verifying your transactions with one-time passwords to ensure youāre the one initiating payments.
E-wallets
Pros:
- Fastest withdrawals
- Available on most gambling sites
- Easy to register
- Low fees
Cons:
- You have to register an account to use e-wallets
- Long wait times and fees for moving money out of the e-wallet
Speed:
If you want to quickly move money in and out of your casino account, e-wallets are the way to go. They let you withdraw money in a couple of hours, with the funds appearing in your digital walletās balance. If you want to transfer cash from your e-wallet to a bank account, youāll have to deal with long waiting times.
Security:
The exact security steps each e-wallet follows are slightly different. However, the most widespread ones offer bank-level protection of your data and financial information as it is transferred.
Bank Transfers
Pros:
- Withdrawn funds are sent to your bank balance
- Can be used in all online casinos
- No additional set up necessary
Cons:
- The longest waiting times for withdrawn funds
- Your bank can see your gambling-related transactions
- Deposits are not instant unless you use services like POLi.
Speed:
Regular bank transfers have slow deposits, requiring several hours to send over. Because of that, many gambling sites limit wire transfers to withdrawals. Unfortunately, cash-out waiting times arenāt much better. That is why Iād only recommend this payment method if the rest arenāt available.
Security:
Bank transfers are slow but secure, as banks are overseeing the process from start to finish. Once the transaction completes, the withdrawn funds will be in your bank balance.
Cryptocurrencies
Pros:
- Lightning-fast transaction times
- No fees
- More privacy-focused than alternatives
Cons:
- The value of cryptocurrencies is constantly changing
- Only available at some NZ-facing online casinos
- No options for a refund
Speed:
Cryptocurrencies offer one of the fastest ways to withdraw funds. Once the casino clears the transaction, the funds are transferred immediately to your crypto wallet. Just be careful to enter the correct wallet address when cashing out.
Security:
All cryptocurrency transactions are done using blockchain technology. Because of that, itās impossible to fake crypto payments, adding to the payment methodās security.
Prepaid Cards
Pros:
- No fees
- Secure way to pay
- Fast deposits
Cons:
- Cannot be used for cashing out
- Not as convenient as credit/debit cards
Speed:
Prepaid cards and pay-by-phone have instant deposits, making them one of the fastest ways to fund your account. However, these payment methods are not very popular with players since you cannot use them to withdraw money.
Security:
Visa and MasterCard prepaid cards take advantage of the same security measures as credit and debit variants. Additionally, these cards are only loaded with a set amount of money. Even if your payment information is leaked, only some of your funds will be at risk. Meanwhile, pay-by-phone requires access to your device, as you have to send a message to authorize the transaction.
Common Problems with Fast Payouts and Solutions
While I love receiving my cash as quickly as possible, some downsides to rushing this process are present. The most obvious is security, seen at unlicensed crypto casinos. These websites often offer the fastest withdrawal limits and donāt even require you to enter any personal information when registering. However, these seeming conveniences can become a headache later down the line.
The most obvious problem is these gambling sites do not follow Know Your Customer regulations. Because of that, they operate outside of legal boundaries and may cause you issues in the future. Furthermore, you cannot recover your money as deposits and withdrawals using cryptocurrencies. If the online casino turns out to be a scam or gets taken down, you have no recourse.
While you must wait a few hours on a licensed website, the decreased risk is worth it. You already have to gamble to score cash prizes. Donāt risk whether an online casino with fast payouts will honour your wins or take the money and run.
Another common problem with speedy withdrawals is higher fees you might not see ahead of time. Many e-wallets will have no extra costs for adding or removing funds from your casino balance. However, cashing out money from the e-wallet to your bank account is often subject to extra fees. Crypto wallets also apply currency conversion charges when you buy coins or turn them back into dollars.
The answer here is a trade-off between fees, speed, and convenience. Credit and debit cards are slightly slower than e-wallets and cryptocurrencies and usually have next to no fees. That said, cashing out with bank cards means your bank can track your gambling activity, which can negatively impact your credit.
Tips for Choosing Same-Day Withdrawal Payout Casinos
With so many online casinos with fast payouts, finding the best ones can take time and effort. To help you gauge if a gambling site is truly good or just pulling a fast one on you, I put together a few tips.
The easiest way to see if a casino can provide same-day withdrawals is to look at its banking options. You shouldnāt expect lightning-fast payouts if you can only cash out using wire transfers. However, e-wallet and cryptocurrency withdrawals can ensure the funds are moved from your casino balance to your preferred payment method in just a day.
Another way to guarantee online casinos stay honest is to check out reviews. My site and many others look at these websites through a professional lens and point out any deficiencies. Additionally, player reviews often highlight if an online casino is doing something wrong. Following both will tell you how fast withdrawals will be and if a gambling site regularly pays winnings out.
I also suggest reading your chosen casinoās payment policies. You can usually find them in the terms and conditions, though some websites list them separately. Among other things, payment policies dictate how long a casino may take to process your withdrawal request. If they have a long pending period, same-day withdrawals are beyond that gambling site.
Online Casinos Known for 1-Hour Withdrawal Payouts
Unsurprisingly, the best-paying gaming venues also offer the fastest withdrawals. Use the right payment method, and your prizes could be in your pocket in as little as an hour.
Rizk Casino
The first online casino with fast payouts I want to draw attention to is Rizk Casino. Itās among the best gambling sites for New Zealanders, supporting several e-wallets, bank cards, prepaid vouchers, and wire transfers. Payout speeds vary depending on what banking option you choose. If youāre looking for 1-hour withdrawals, e-wallets are your best bet. They are processed instantly by the website, while cards and bank transfers require multiple days.
The team running Rizk Casino is excellent, ensuring a smooth experience from beginning to end. In the unlikely chance something goes wrong, the customer service team is always ready to help. It is also proactive about resolving player complaints, cementing its reputation as an excellent place for Kiwis to enjoy games.
Conquestador Casino
Next on the chopping block is Conquestador Casino. Anyone interested in this website can look forward to several e-wallets and bank cards when it comes to withdrawals. The casino supports cryptocurrencies and prepaid vouchers for deposits only. All e-wallet payouts except Payz have instant processing and share the same transaction limits. E-wallet withdrawals can take a few minutes to a day, while bank cards require two or three days to receive funds.
I enjoyed Conquestador Casino many times and never had issues cashing out my winnings. The process is as straightforward as possible, which many New Zealanders will appreciate. The website also has an excellent reputation with players, with barely any complaints about its service.
Casino Rocket
Closing off my recommended list of fast-paying casinos is Casino Rocket. Kiwis can cash out using bank transfers, credit/debit cards, e-wallets, and cryptocurrencies. These payment methods have lightning-fast processing times, but only e-wallet and crypto withdrawals can muster a sub-hour payout. The rest require several hours or multiple days.
The website is run by a knowledgeable operator with many successful gambling sites under their belt. Thanks to that, you can expect a top-notch user experience when depositing or withdrawing money, playing games, or claiming casino bonuses. Players rank it quite highly, and it is one of the few online casinos with fast payouts with all complaints resolved.
Conclusion
While getting the fastest withdrawals possible is beneficial, itās not something you should chase at any cost. While many gambling sites offer same-day withdrawals, many risk security to make it possible. That is why you should only play games on reputable gambling sites. Look for online casinos with an active license issued by a trustworthy gambling authority and excellent player reviews.
Picking the right casino is just half the battle, however. The fastest payouts also hinge on suitable payment methods. E-wallets and cryptocurrencies are the two quickest banking options for cashing out, especially when paired with the instant processing some websites provide. Out of the two payment methods, Iād recommend using e-wallets. Theyāre fast and convenient without any of the downsides crypto coins bring.
Before you sign up for an online casino, be sure to research it thoroughly. Your first step should be right here at Kiwislots.nz. I do my best to keep every casino review up to date to ensure New Zealanders get the best deals. If I donāt have a review for a specific casino, you should check out other trustworthy websites for the information. Finally, I suggest looking at player reviews to see their experiences with that online casino.
FAQ
That varies between websites. Some offer instant withdrawals, speeding up the payout process significantly. Other casinos can drag it out to several days. Most gambling sites list their payment processing duration on the banking or terms and conditions pages.
The maximum withdrawal amount is different between payment methods and online casinos. Most websites I reviewed default to around $5,000. The bigger the cashout is, the longer it takes for the transaction to be processed.
I suggest sticking to popular e-wallets like PayPal, Skrill and Neteller. They are proven to work and have reasonable fees for their service. If you choose a different e-wallet, be sure to look into it thoroughly before committing any money.
While cryptocurrencies are just as fast as e-wallets, they are not as secure for players. Coins are volatile, as their value constantly changes. Additionally, crypto transactions are permanent. As with bank cards and chargebacks, there is no way to get your money back. Because of that, Iād recommend not using cryptocurrencies unless you know your way around coins.
Fortunately not. Most payment methods have minimal or no fees when cashing out. However, payment methods like e-wallets and cryptocurrencies often come with extra charges you must watch out for.