Online PayPal Casinos New Zealand
PayPal casinos are becoming increasingly common, and the payment option is well recognised.
Top PayPal Casinos in NZ 2024
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Benefits and Drawbacks
Few online e-payments have the same safety net that PayPal has. It’s a mega institution with hundreds of millions of users, which has shared sponsorships with the likes of The FA and the Phoenix Suns. They’re the real deal.
While you won’t care too much about who the PayPal executives rub shoulders with as they broker new sponsorship deals, it does lend credibility to the brand. This helps create trust, as you know this company won’t up and leave with your funds. And it’s unlikely to go bankrupt.
Logging in is super easy, requiring just an email and password. And the interface is so user-intuitive that it barely warrants a walkthrough.
But it’s not without its drawbacks, either. There’s a two-step process to cashing out with PayPal.
First, you withdraw from your casino account to your PayPal account. This step is fast, and you can use the funds, if you spot a site which accepts PayPal.
If you want your funds in your actual bank account, you then need to initiate a withdrawal from your online PayPal wallet to your bank account. This can take a few days.
It’s not the biggest inconvenience, but it’s not ideal if you’re 100% sure that you want all your funds to go straight back to your bank account.
NZ PayPal Casino Bonuses
When looking at PayPal casinos, it’s important to check the terms and conditions of any promotions. Unfortunately, PayPal is one of a handful of payment methods which are often excluded from things like first deposit bonuses. In general, casinos want to lock in your debit card details, or something concrete which links to your details exclusively. This is just a method of protection; with e-payments, there’s a higher chance of players attempting to create multiple accounts and abuse the bonus. Don’t take it personally!
The good news is that there are indeed PayPal casinos in New Zealand which offer some top bonuses and promos.
PayPal vs Wise
Earlier in our analysis of PayPal casinos, we mentioned that everyone knows what PayPal is. But things aren’t so certain for Wise (formerly known as TransferWise), a similar payment method which is also accepted at a lot of online casinos with PayPal. So, which is better?
When it comes to accessibility, there’s no contest. PayPal can boast of more than 425 million active users, while Wise’s figure is closer to 15 million. Why does this matter? More customers mean more income, more feedback, more availability for growth. In other words, it should – in theory – be a more advanced platform.
Fees are a little trickier to assess. Depending on how you use PayPal, transfer fees can rise to 5% of the overall cost of the product. The impact varies but, for larger sums, it’s significant. Meanwhile, things are easier to calculate at Wise, and players can expect to spend around 0.4% in fees.
Although you will find some benefits to using Wise, the sheer number of PayPal casinos and the ease with which you can deposit and withdraw at high speed will make it the preferable option for many Kiwi players.
Our Guide to Using PayPal in NZ
Before you get stuck into any PayPal casinos, we recommend you first take the steps to create your own PayPal account. There are two main types: Personal and Business. Make sure you click ‘Personal’ on the left-hand side of the homepage, or you’ll end up with your own online shop, selling handcrafted flowerpots!
PayPal links to your mobile number to help reduce the number of duplicate accounts, so make sure you use all your correct details. And ensure that only people you trust will have access to that phone.
How To Open a PayPal Account
To open a Personal account at PayPal only takes a few minutes and costs nothing. Here’s how to do it:
Visit PayPal
Click ‘Sign up’ under the ‘Personal’ section
Enter your mobile number
Complete the security prompt (to prove you’re not one of those meddling robots!)
You’ll receive a code to your phone. Insert it on the PayPal site to confirm it’s really your number
Fill out a few simple details
Link your PayPal account to your bank account
That’s it – your account is ready to use!
How to Deposit
If you’re already used to using PayPal, the word ‘deposit’ might sound a bit out of place. After all, away from PayPal casinos, there’s no need to upload. Normally, you just punch in your email and password, and it all seems to happen automatically.
But that’s because it’s linked to your bank account. What’s happening is an instantaneous upload from your bank account to your PayPal account, and then to your chosen person or company. And it’s a similar story for PayPal casinos.
For PayPal casinos in New Zealand, making a deposit is standardised. You can expect to follow steps like these:
Log in and click on ‘Cashier’
Find the ‘Deposit’ area
Choose ‘PayPal’ as your payment method
You’ll be prompted to log into PayPal via a pop-up window
Input the amount you’d like to deposit
The funds should be uploaded to your account
How to Withdraw
Unless you’ve sold goods or received a refund, and if you’ve not played at a new NZ casino with PayPal before, you may not know how to withdraw using this PayPal. Don’t worry – it’s fast and simple, and we’ll explain what you need to do right here.
Like most payment methods at casinos with PayPal, you’ll need to make a deposit before you can withdraw. See the ‘How to Deposit’ section above for more on that.
Once it’s that glorious time to cash out, follow these steps:
Head to the ‘Cashier’
Click on ‘Withdraw’
Select ‘PayPal’
Once prompted, log into PayPal through the pop-up window
Enter the amount you want to withdraw
Confirm to complete the transaction
PayPal casinos facilitate fast withdrawals; you can often expect funds to land in your account in under 24 hours.
Not sure how to cash out from your PayPal wallet? We’ve got you covered. Here’s how to do it:
Visit PayPal
Click ‘Log in’
Enter your email and password
Visit your ‘Wallet’
Click on ‘Transfer funds’
Select your bank account
Complete the transaction to receive your cash
Before going through the process of moving money between PayPal and your bank account, you want to consider what you’re going to do with it. For example, if you’re planning to spend money at an online shopping site which accepts PayPal anyway, skip this step and pay with your PayPal funds, which will save you time.
Payment Timeframes
PayPal casinos want to let you get playing as soon as possible, so it will be no surprise to learn that deposits are instant.
But withdrawals are also speedy. In some cases, you receive your funds almost instantly. At other PayPal casinos, you’ll still have to wait a few days. As always, this depends on the casino’s own policy and processing speeds.
If the PayPal casino you’ve chosen is doing all it can to help with fast transactions, then PayPal is an excellent choice. In the right hands, it’s about as fast as they come.
Note that any additional transfers from your PayPal account to your bank account will add up to five days to transfer times.
Fees and Costs
As we touched upon earlier in our analysis of PayPal, there are some fees. But not all the time.
Sellers can check out the PayPal Merchant Fees Page which goes into detail on what you’ll be charged. But, for PayPal casino users, this won’t be relevant. What you’ll want to know is that, for online purchases that involve no currency conversion, there are zero fees.
Currency conversions are fixed at 3% above the base exchange rate.
Conclusion
PayPal casinos will always be popular because it’s such a widely used payment method in New Zealand as well as worldwide. And it’s easy to see why: it’s quick, easy, and fast. If it doesn’t prohibit you from claiming a juicy welcome bonus, it’s a great idea to use PayPal casinos online.
Frequently Asked Questions
Yes, you can safely play at casinos with PayPal. PayPal Buyer Protection is designed to keep you safe in all your online transactions and the company has a great track record of refunding customers who are wronged.
It is possible to claim welcome bonuses, first deposit bonuses, free spins and more at PayPal casinos. Just make sure you check the T&Cs before you get involved, as some casinos will exclude PayPal from these offers.
The best PayPal casino depends on what you prioritise. Is it games selection, bonuses, ease of use on mobile? While there’s no single answer, you’ll find some of our top recommendations for PayPal casinos in this guide.
Yes, you can withdraw using PayPal in minimal time. In some cases, you can transfer funds from your online casino account to your PayPal account nearly instantly. However, this does depend on the casino’s processes.
PayPal casinos are popular in NZ. Although PayPal isn’t a ‘default’ option at all casinos in the same way a debit card is, you’ll still find it at tons of top online casinos. It’s a quick and easy way to make deposits and withdrawals.