Best PayPal Online Casinos in New Zealand 2023 🎖️

PayPal as a Payment Method

Launched in 1998, PayPal is an American financial technology company that operates an online payment system worldwide. It was first called Confinity, but the company rebranded to PayPal in 2000. PayPal wasn’t a digital wallet in the beginning. Its founders used to develop security software for hand-held devices, but since this didn’t work out, they decided to switch to the electronic payment system in 1999.

Over the years, PayPal merged with other companies, such as x.com, and was an eBay subsidiary from 2002 to 2014, serving eBay shoppers. In 2015, PayPal spun off as an independent company and launched the peer-to-peer payment platform PayPal.Me. By then, the enterprise operated in 18 countries with over 170 million users. That number has since increased to 202 countries and 420 million users. 

PayPal also owns several brands, including Zettle, Honey, Happy Returns by PayPal, Xoom, and Paidy. In 2022, it was ranked the 143rd largest US corporation by revenue. 

PayPal has become the preferred payment method of Kiwis and other online casino players across the globe due to its proven track record, safe and fast transactions and impeccable reputation. Furthermore, it cooperates with reputable gaming operators and allows deposits and withdrawals in 25 currencies. PayPal has supported cryptocurrencies since 2021.

Players also like this digital wallet for its ease of use; they just need a recipient’s email address if they want to initiate a transaction with another individual or business. Another great thing is that PayPal acts as a middleman in all internet-based transactions and keeps your sensitive data away from online casino operators, merchants, and other third parties. It allows you to link your credit/debit card, but this is optional. You can do it only if you want to withdraw the funds from your bank. 

Each user can open a personal or business account depending on their needs, but NZ players mostly go for the former option. 

How PayPal Payments Work

You must create a personal PayPal account before depositing and cashing out your online casino winnings. This process may look time-consuming at first glance, but it is part of the standard KYC procedure. Plus, the website contains a convenient guide to help you along the way. It took me about 10 minutes to register. 

Here are all the steps:

1. Visit PayPal.com and hit the Sign Up button.
2. Fill in your personal details, and verify your phone number by inserting a confirmation code sent via SMS. Also, validate your email address. 
3. Link a credit/debit card to which you will withdraw your funds.
4. You are all set!

Advantages of PayPal Payments in Online Casinos

Millions of people have chosen PayPal as their preferred banking method, hence the abundance of PayPal casino sites. Using PayPal as a payment method in NZ online casinos has many advantages, and I have singled out the most significant ones:

Speedy deposits and payouts

Using PayPal, you can fund your player account instantly. Cashing out your winnings is also very fast, but remember that it can sometimes take up to 24 hours, depending on the casino. In rare instances, maybe even 48 hours or 72 hours.

PayPal casino bonuses

Some online casinos create promotions that you can claim only if you use PayPal. For instance, this can be a welcome bonus, or you can get a certain amount of cashback for using this wallet. 

Brand reputation

PayPal is a globally known payment processor working in almost any industry, which is another reason why people trust it. 

Cooperation with legitimate platforms

The company is very selective about which platforms it works with, so you can rest assured that a PayPal casino has been thoroughly vetted and deemed trustworthy and safe. This is another excellent way to separate scam sites from legitimate ones. 

Convenience and ease of use

PayPal is highly convenient because you can use it on the go through a mobile phone or tablet. The registration process is also straightforward, and the platform is user-friendly. You just have to memorise your login credentials and are allowed to link multiple cards or bank accounts. 

Digital wallet

PayPal offers a wide range of payment options that you can utilise for online shopping, sending money, and receiving payments.

Steel-plated safety

Many NZ players choose PayPal for its up-to-the-minute security and fraud prevention measures. Additionally, PayPal acts as an intermediary between your bank and online casino, so players don’t have to share their bank or credit card details with the gambling operator using this method, which reduces the risk of hacking or identity theft. 

Automatic currency conversions

PayPal accepts NZD and automatically converts your funds from one currency to another, so you’ll know the exact amount you’ll receive in NZD when withdrawing. This means you will avoid currency conversion fees when playing at international casinos. 

How to Use PayPal Payments in Online Casinos

As mentioned, if you want to use PayPal for online gambling, you must create a PayPal account first. Once you’ve done that, find a NZ online casino that accepts PayPal. The registration process was simple and didn’t take me more than a few minutes. These are the instructions:

1. Open the casino’s official website and click the Register/Sign Up button.
2. Provide all the required information and verify your email.
3. Log in using your credentials and navigate to the Banking page.
4. Choose PayPal as your payment method and sign into your PayPal account. Then, input the amount you want to top up your account with. Additionally, check if there are any available PayPal promotions. 
5. Enter your account details and click the confirm button.
6. The transaction should clear instantly. 

Remember that you must verify your identity and address before the casino lets you cash out your winnings. They will most likely ask you to submit a government-issued ID and a utility bill or bank statement. Additionally, if you redeemed a bonus, you must clear the attached playthrough requirements. 

Withdrawing your money to your PayPal account is also fast and straightforward. Follow these steps:

1. Navigate to the Banking section to start the withdrawal process.
2. Choose PayPal from the list of available payment methods.
3. Type the amount you want to transfer from your casino account to your PayPal wallet but ensure it doesn’t exceed the maximum cash-out limit.
4. Enter your account details and finalise the procedure.
5. The money should hit your PayPal account usually between 24 and 48 hours. Once that haPayPalens, you can leave it in the wallet or withdraw it to your bank account, which will last another 3 –5 business days. 

Popular Online Casinos Accepting PayPal Payments

Due to PayPal’s strict policy, finding online casinos that support this payment method can be challenging. For this reason, I singled out the top three that allow you to use this wallet. 

Aztec Wins Casino

Aztec Wins has been around since 2019, and it is licensed by Alderney Gambling Control Commission. This New Zealand online casino attracts a large number of players thanks to its diverse selection of games (over 1,600), impressive promotion lineup, and safe gambling environment suitable for novice and experienced players. 

I know how vital bonuses are; this mobile-friendly operator welcomes newly registered players with an outstanding match-up deal. Plus, there are plenty of rewards for loyal customers. Aside from PayPal, the casino has partnered with other reputable payment processors, such as Skrill, Visa, Mastercard, and Paysafecard. It guarantees fast transaction times for deposits (around 10 minutes), but withdrawals may take between 1 and 5 days. 

Jonny Jackpot Casino

Owned and run by White Hat Gaming Limited, Jonny Jackpot Casino has been one of the favourite gambling destinations for New Zealand players since 2018. This casino brand holds two permits from the industry’s most reputable regulatory bodies — the MGA and the UK Gambling Commission. 

Jonny Jackpot boasts a user-friendly interface, over 1,300 games, and partnerships with notable providers, such as Evolution, Quickspin, and Microgaming. I noticed the platform is available in 8 languages and supports multiple currencies. For payments, this casino works with PayPal, Visa, Neteller, Paysafecard, MuchBetter, and several others. The minimum deposit and withdrawal is $10, which, I think, makes it great for players on a budget. 

If you decide to register, you’ll have an array of promotions at your disposal and a chance to become part of the lavish VIP program.

Caxino Casino

This MGA-licensed online casino emerged on the iGaming scene in 2020. The first thing I noticed when entering its platform was the colourful background, but this platform offers much more than that. The operator has a 1,200-game collection supplied by big dogs like Play’n GO, Pragmatic Play, and NetEnt, and an excellent promotion offer. 

If you want to deposit and cash out your winnings at Caxino Casino, you can do it by using seven payment gateways, including Payz, Skrill, Visa, bank transfer, and others. The minimum deposit is $10, while the minimum withdrawal is $20. Thanks to a strict KYC procedure and PCI DSS certification, you can expect secure and smooth transactions. 

Disadvantages and Concerns About PayPal Payments

There is no perfect banking method, and PayPal is no exception. Let’s take a look at some of its downsides.

Not supported by all NZ online casinos

Not all NZ casinos support PayPal as a payment option. If this is your preferred method, it can limit your choice of casinos, meaning you’ll have to use an alternative option. Therefore, I suggest you always check an operator’s banking page before registering with them. 

Limited transactions

This payment gateway imposes transaction limits, so it might not be a good option for high-rollers. 

Possible fees

While most casinos won’t charge anything for withdrawing your winnings, that is not the case with PayPal, which charges transaction fees. This means you’ll have to pay a flat fee of 3.4% plus $0.45 per transaction. I recommend you check the fee schedule on the official website because there may be several different types, depending on what you use your PayPal account for. 

Alternative Payment Methods

If your chosen NZ online casino doesn’t offer PayPal as a payment option, don’t despair, as there are plenty of other methods. I’ll highlight the most popular ones below:

Skrill

The number of NZ casinos accepting Skrill is truly impressive. It offers fast and seamless transactions, robust security, and over 40 currencies. Skrill lets you connect your wallet to your bank account and provides a Skrill Mastercard. Deposits are instant, but withdrawals may take up to 15 minutes, depending on the provider. 

Payz

With its enhanced security and privacy measures, Payz is the go-to payment method for many Kiwis. It’s supported by many casino brands, offers free deposits, and, just like PayPal, serves as an intermediary between your bank account and online casino sites. 

POLi

This direct Internet banking transfer method is available exclusively to players from New Zealand and Australia. Users only need to log into their bank account via the POLi portal and confirm deposit or withdrawal transactions. Its services are easy to use, highly secure, and fee-free. Additionally, POLi supports high deposit limits. 

Credit/debit cards

Cards are undoubtedly among the most trusted solutions for online gambling. Since a card contains all the details, there is no need for additional accounts or third-party platforms. NZ casinos widely accept Visa, Mastercard, and Maestro. However, some players are put off by the withdrawal fees and the long transaction times, which can last up to 5 days. 

Prepaid vouchers

This is an excellent payment method for players concerned about privacy. You can purchase a voucher from an authorised retailer and transfer the desired funds directly to it without revealing personal details. The most popular voucher is Paysafecard, but remember that you can use this option only for deposits. 

Digital currencies

Crypto casinos are becoming increasingly popular in NZ and with good reason. Crypto transactions provide anonymity, they are safe and incur no fees. There is a wide variety of them on the market, but the most popular ones include Bitcoin, Ethereum, and Litecoin. 

Conclusion

Given everything I pointed out above, I am not surprised that PayPal enjoys this level of popularity among NZ players. Aside from its long and stellar reputation, this digital wallet offers everything an online casino player could wish for — easy-to-access services and quick and secure transactions. Plus, I think NZ players should consider themselves lucky as several NZ casinos are working with PayPal, which is not the case with most operators on the market. 

However, PayPal is not ideal, and there is always room for improvement. Withdrawal times are not instant and can last up to 72 hours in some instances, casinos supporting this payment method are few and far between. Plus, there is a fee on international personal transactions, which can add up if you use it often and transfer large chunks of money. 

I firmly believe the positives outweigh the negatives, and recommend you register with PayPal and top up your casino account using it. Pick any of the NZ casinos I reviewed in this article and good luck. 

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