Best Payz Online Casinos in New Zealand 2023 πŸŽ–οΈ

The iGaming industry is constantly evolving, and as new casinos emerge, NZ players also raise their standards and expectations. Since there is far more chaff than wheat, they don’t want to settle for some mediocre options β€” instead, they expect a high-quality gaming experience accompanied by fast and secure transactions. 

This is probably why I have noticed a decline in traditional payment methods, such as cards and bank transfers. Their transactions are usually too slow for a modern NZ player, as they take 3 to10 days and can be subject to fraudulent activities. This is where Payz comes in. Aside from top-notch security, this electronic wallet offers its customers an easy-to-use platform and speedy transactions.

But first, let me introduce myself. My name is Erik King, and I’m an online gambling expert. In this review, I will discuss the Payz brand and its popularity at online casinos New Zealand, point out its strengths and weaknesses, and inspect several online gambling platforms supporting this payment option. 

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Payz as a Payment Method

Launched in 2000, Payz has managed to become one of the most trusted e-wallets over time. This UK-based company was founded as EcoCard, operating under the baton of PSI-Pay Ltd. However, it rebranded to ecoPayz in 2013. 

Although only a few people knew about it initially, the brand’s major breakthrough occurred in 2008 when PSI-Pay got the Financial Services Authority’s (FSA) permit to issue electronic money. Another significant achievement followed in 2009 when Payz was officially admitted to the Mastercard family, which enabled it to issue prepaid debit cards. 

The company then released its mobile app in 2014, updated its website, introduced business accounts, and started offering multilingual 24/7 customer support. All of this catapulted it to the top three e-wallets on the market, along with Skrill and Neteller. Then, another rebranding occurred in May 2023 when ecoPayz simply became β€” Payz.

Nowadays, Payz is available in over 150 countries, allowing its users to deposit money to their online accounts in 50 currencies and then use it for online shopping, playing online casino games, or sending it to other Payz users. Their customers have five levels at their disposal (Classic, Silver, Gold, Platinum, and VIP), and can upgrade at any time if they want lower fees or higher transaction limits.

Payz allows payouts only from Silver level up, but there’s no need to worry, as you will reach it as soon as you verify your account successfully. Depending on their needs, each user can have a personal or business account, but NZ online casino players usually go for the former option. In addition, Payz constantly attracts new users by offering free P2P and merchant transfers, cashback, and reduced fees for specific levels.Β 

Payz Online Casino NZ

How Payz Payment Methods Work

Even though opening your Payz account is straightforward, I have created this step-by-step guide because of some aspects that are unique to this service provider. Here’s how to get started with Payz for your online gambling needs:

  1. Go to the Payz official website and click the yellow β€œOpen an account” button.
  2. Provide the required information, such as your name, email, date of birth, address, and phone number. Choose the language, country, and currency, and set up a strong password. I strongly advise you to study the Payz terms and conditions before you tick the Terms of Use and Privacy Policy box. 
  3. Click β€œCreate an account,” and you are good to go.

Don’t forget that you must verify your account to become eligible for any payments. 

Advantages of Payz Payments in Online Casinos

The use of Payz for deposits and withdrawals in New Zealand online casinos has a number of advantages. I will highlight the most prominent ones below:

Supported by many countries and online casinos

The biggest Payz advantage is that it is supported by a vast number of countries, New Zealand included. Naturally, there will always be some online casinos that don’t accept this method, so I suggest that you confirm this information before you register. 

Represents a safe payment method

Payz protects your personal and financial information by leveraging many state-of-the-art security measures, one of them being safeguarding. This means players’ funds are kept in a different account and separated from the money the company uses. Additionally, the Payz platform is fully encrypted and complies with the PCI and DSS standards. Two-factor authentication is a cherry on top, as it adds an extra layer of protection. 

Offers fast and free deposits

Deposits made via Payz are instant. Moreover, they come with no additional charges and can be processed in multiple currencies. Since there is no waiting time, it is obvious why this is a go-to payment method for most NZ players. Additionally, withdrawal time is not too long β€” from 15 minutes to 48h, depending on the casino operator and your chosen bank. 

Serves as an intermediary between your bank account and online casino sites

Like many e-wallets, Payz allows you to connect your bank card and issue payments via its platform without sharing your financial data with online casino sites. 

Easy to set up

Creating a Payz profile and connecting it to your online casino account is a walk in the park. You can read more about it in the text below. 

Features Payz mobile app

Payz has created a mobile-friendly solution allowing players to manage their digital wallet accounts on the go. Although you can access the Payz platform via any mobile browser, the Payz app facilitates the entire process, especially for those who make frequent money transfers to online casinos.  

How to Use Payz Payments in Online Casinos

Using Payz at your preferred online casino is a breeze. Even if you don’t have any experience, you should be able to complete this in minutes, as Payz casino deposits work similarly to other e-wallets. 

Once you’ve set up your Payz account, you must choose an operator that supports this payment gateway and then register with them. After this is done, here’s what you need to do:

  1. Load the website and hit the Register/Join/Sign In button to create an account.
  2. Log in using your credentials and go to the Banking section.
  3. Select the Payz payment option, sign in to your Payz account, and input the amount you wish to deposit. 
  4. Enter your account details and confirm the transaction.
  5. The funds should be available instantly.

Almost every online gambling platform will require you to verify your identity and submit the relevant documents before you can withdraw any winnings. You will also need to clear the playthrough requirements associated with the casino bonus. Afterwards, you can follow these steps to withdraw using Payz: 

  1. Go to the Cashier/Banking section to initiate the withdrawal.
  2. Select the withdrawal tab and choose Payz from the list of supported payment options.
  3. Input the amount you want to transfer from your casino account to your Payz wallet.
  4. Follow the instructions by entering your account details, and completing the procedure.
  5. Wait for the casino to process the transaction and the winnings to appear in your account. This can take up to 48 hours. Then, you can leave the money in your wallet or transfer it to your bank account (but you’ll have to wait another 3 to 5 days).  

Popular Online Casinos Accepting Payz Payments

Although there are many Payz online casinos, they are not all equal quality-wise. After carefully reviewing dozens, I singled out the following four:

Dunder Casino

Dunder Online Casino

Established in 2016, Dunder Casino has become one of the best online gambling hubs catering to NZ players. It is a trustworthy operator boasting an MGA licence and an Independent Betting Adjudication Service badge. 

The casino has garnered attention from many NZ players thanks to its collection of over 1,600 games, simplistic interface, an array of rewards for new and existing players, and collaboration with 20 game developers. 

Dunder has also partnered with several reliable payment processors, including Payz. It guarantees fast withdrawals, which usually take up to 24 hours via this method. However, keep in mind that you must use the same payment option for depositing and cashing out. 

Caxino Casino

Caxino Online Casino

Caxino Casino offers nothing but a stellar gambling experience to Kiwis. The first thing I noticed upon entering the site was the colourful background and an impressive welcome promotion. Caxino stands out from the rest thanks to its reputation, MGA licence, 1,200-game lineup, bonuses galore, and professional customer service.

If you want to deposit using Payz (or any other payment solution, for that matter), the minimum amount is $10. Conversely, all withdrawals are subject to a $20 minimum cashout. Furthermore, Caxino Casino offers instant Payz withdrawals and boasts a quick KYC procedure. Since the operator is PCI DSS compliant and teams up with two dozen payment processors, you can expect safe transactions, regardless of the method. 

SkyCity Online Casino

SkyCity Online Casino

This casino is owned by SkyCity Malta Limited and has been around since 2019. Interestingly, this gambling platform is available to New Zealanders exclusively. It is licensed by the Malta Gaming Authority, has a 1,500-game catalogue, and collaborates with the leading industry developers, including Microgaming, Evolution, and Pragmatic Play. 

SkyCity Online Casino supports Payz payments and processes these transactions in up to 24 hours. Since they are carried out only in NZD and there are no conversion charges, players know exactly how much they will receive. On top of that, SkyCity has several enticing promotions and is only available to players over 20. 

Wheelz Casino

Wheelz Online Casino

Owned and run by Rootz Ltd., Wheelz Casino has been Kiwis’ go-to gambling destination since 2021. This relatively new operator, with David Hasselhoff as its mascot, is regulated by the MGA, and its platform is verified by eCogra, EGBA, and iTech Labs. 

The casino’s game portfolio features over 1,200 unique titles from renowned software vendors, such as Play’n GO, NetEnt, and Pragmatic Play.  Aside from a fantastic welcome deal and many other lucrative promotions, Wheelz grants 20 no deposit free spins upon registration. 

This operator also offers versatility in terms of banking methods, with over two dozen options available. NZ players can use the Payz wallet, which requires a $10 minimum deposit. 

Disadvantages and Concerns About Payz Payments

However, Payz is not perfect, and there are several downsides you must be aware of:

Payz Mastercard is available only in Europe

Unfortunately, NZ players can’t obtain this prepaid debit card, which can be used not only on gambling sites but also for online shopping.

Withdrawal fees

While Payz transactions to and from online casinos are free, the same cannot be said for withdrawals to a debit card or bank account. Namely, Payz incurs transaction and conversion fees on every money transfer, so if you frequently withdraw your casino winnings, this might be an issue. 

Relatively slow verification process

By browsing through other people’s reviews and feedback on the internet, I came across several complaints regarding the Payz account verification process. Payz indeed requires you to submit several ID forms, and it may take a while until your account gets verified. Until this happens, your hands are tied, and you can’t make a deposit. 

Alternative Payment Methods

Although Payz is a safe, fast, and convenient payment method, it is not accepted in some online casinos catering to NZ players. In case you opt for one of these operators, I suggest that you consider alternative payment options:

Skrill

Just like Payz, Skrill is a widely accepted and fast payment method for online casino transactions. It also allows you to connect your bank account to your Payz wallet and provides a Skrill Mastercard. You can fund your account instantly, and withdrawals can take around 15 minutes. However, some casinos will only allow Skrill deposits. 

PayPal

This is probably the best-known e-wallet in the world. However, it is not as gambling-friendly as Skrill and Payz due to international regulations. It offers quick transactions with instant deposits and withdrawals for up to 24 hours. NZ players may be subject to a withdrawal fee of up to 3.4% on the cashout amount. 

Cryptocurrencies

Digital currencies may be right up your alley if you are concerned about privacy. Aside from anonymity, they offer security and instant transactions. Plus, they incur no fees. Bitcoin is still the most popular one, but players also use Ethereum, Litecoin, and others.

Credit/debit cards

The greatest advantage of having a card is that all the details are already there β€” you don’t have to create any third-party accounts. NZ casinos widely accept this option, especially Visa, Mastercard, and Maestro. Compared to Payz, though, these transactions may take up to 5 business days. Another thing I advise you to check is whether your bank charges any fees on casino withdrawals (because they usually do).

Prepaid vouchers

This is another payment option convenient for privacy-concerned gamblers. Paysafecard is among the most used vouchers among NZ players. You can purchase it from an authorised retailer. Then, you can transfer the funds directly to it without using a card. However, keep in mind that the operators typically only allow this option for deposits. 

Conclusion

After conducting a thorough review, I can confirm that Payz is a safe and trusted e-wallet with a range of benefits for online casino players. Its services are easily accessible, and the operator guarantees quick and secure transactions. This will allow you to instantly increase your gaming balance and transfer money directly to your bank account without revealing personal details to the casino operator. And thanks to the Payz mobile app, you can manage your funds while on the go.

Considering all these factors, Payz looks like a gambler’s ideal payment method on paper. However, in reality, some NZ players may be put off by the withdrawal fees and the fact that they cannot use their account for anything else besides gambling β€” not to mention the inability to obtain a Payz Mastercard.

Despite these disadvantages, I firmly believe Payz is a great deposit and withdrawal online casino method, whether you are a high roller or a casual player. 

FAQ

Do all New Zealand casinos accept Payz?

Payz is generally accepted across many NZ online casinos. However, there is always a chance some of them don’t support this payment option. To be on the safe side, you can scroll up and pick one of the casinos I have reviewed. They all accept Payz, and you won’t be wasting time figuring it out yourself.Β 

Are Payz transactions safe to use?

Of course. Payz is a popular payment method among NZ casino players, thanks to its security measures. It comes with sophisticated fraud detection, a highly secure log-in recovery process, safeguarding, and 2FA. Plus, all transactions are protected with 256-bit SSL or TLS encryption.

Does Payz charge any online casino deposit and withdrawal fees?

Payz doesn’t charge anything for depositing funds to your account. When it comes to withdrawals, operators typically don’t take any fees for transferring the funds to your Payz account. But if you’d like to send them to the bank, Payz will require you to pay $10 to $16 NZD, plus the bank fee.Β 

Do Payz casinos have any withdrawal limits?Β 

Yes. Every online casino imposes withdrawal limits. The minimum amount you can cash out is usually between $25 and $50, but this varies from operator to operator. The maximum withdrawal limit ranges between $1,000 and $10,000, but, once again, it depends on the platform owner. Thus, I suggest that you read the fine print carefully and familiarise yourself with these peculiarities before you pick the Payz casino.Β 

How long does it take for an online casino to process Payz transactions?

An online casino processes Payz deposits and withdrawals differently. Deposits usually don’t take longer than a few seconds, but withdrawals can take anywhere from a few hours to several working days. This depends on many factors, such as a specific casino operator, the payer’s country of residence, regulations, and Payz processing policies.Β 

Author: . Erik King is a widely recognized online casino expert and author on Kiwislots.nz.

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