PayPal is one of the oldest and biggest internet banking and digital wallet services worldwide. You have undoubtedly heard of PayPal or thought of using it in the past. It has given customers a secure and reliable way of making payments and receiving money online since 1998.
Their services enable you to pay with your bank account online rather than your bank card. Moreover, not only does it make sending money easy, but also free! It also remains one of the top picks for online shoppers and casino players because of how widely accepted and convenient it is. the addition of Xoom has increased its status as a reasonable exchange.
Overview of PayPal for New Zealand Customers
PayPal is an online payment system that provides a safe and quick way to make transactions. It is linked to your bank account or bank cards, such as credit or debit cards. You can use it to make purchases, deposit, send or withdraw money. Its job is that of a middleman between merchants and your bank, keeping your personal banking information secure from theft. PayPal is also a very common payment option on most casino sites, making online gambling much safer for you.
Benefits of PayPal for Kiwis
The service is not only popular for being convenient and secure, but it is also very popular in New Zealand because of the benefits it offers to Kiwi users. It reduces the steps you have to go through to make a transaction and the costs, and it makes every process run smoother. There are many benefits to PayPal, like remaining discreet, being accepted by a huge variety of banks around the globe, and more. Let us tell you how you can benefit from it as well.
Fast Online Payments
When you are gambling online, you are looking for the quickest payment methods. You want to be able to deposit money right away and withdraw it just as fast. With a PayPal account, you will be able to do both. When you or the merchant (online gambling site) receive or send money, the service will notify you immediately. It all happens in a matter of seconds.
Security for All Your Cards
Providing your credit or debit card details on any online platform is always discouraged. No matter how secure a website claims to be, there is always a risk of information theft, resulting in chaos for you. However, this payment system makes it easier to make payments online while securing your bank cards. It stops you from having to use your bank card anymore.
Reliable Refund Policy
If you make a transaction that went through for you but not the receiver, you can rely on PayPal to make sure you get your money back. When this occurs while using a bank account or card, it usually takes up to 24 hours to process a refund, and even then, there is a chance you don’t get refunded! On the contrary, PayPal has ensured that you never have to go through that trouble.
Mobile App for All Devices
A feature that most online payment systems and services lack is a mobile app. PayPal has one, but it is also compatible with all devices. You can make payments from anywhere at any time. It is great for online gamblers who prefer playing on mobile gambling platforms or are always on the go. This makes it easier for you to transact quickly and efficiently.
Drawbacks of PayPal for Kiwis
PayPal might be one of the perfect online payment services available, but it is not immune from flaws. As with these payment systems and e-wallet services, some drawbacks might make or break your decision to use them. However, we wanted to make sure that you know what you would be getting into before you have to find out for yourself. So for this review, we have compiled a list of things that you might not like about PayPal.
High Transaction Fees
Unfortunately, PayPal implements some pretty high transaction fees, making bigger transactions more expensive than they should be. For example, a 2.89% per transaction rate fee is used to send or receive money on goods and services. Donations are also 2.89%, but on standard bank card payments, the rate is 2.99%. So if you are paying through a bank card on a casino site, you should know that you will be paying slightly more than you intended.
Not Available for Gambling
PayPal is not available for online gambling sites in New Zealand. Almost all PayPal casinos and PayPal sports betting sites are not based in or accessible to New Zealand players. If you are looking for a digital wallet accepted in your favourite NZ casinos, you might have to look for another accepted one. The buyer protection also does not apply to gambling.
Slow Customer Support
When looking for fast payment methods, you also want excellent customer support to resolve any hurdles during a transaction. So, although PayPal is a very popular brand, its customer support services are lacking. The response time is not great, and you might even find it hard to get a hold of a customer support representative at times.
PayPal Alternatives for NZ Residents
New Zealand residents can use PayPal for online shopping and other online transactions, but they can not use it for gambling sites. Yes, PayPal might be ideal in many ways, but as a New Zealander that enjoys online gambling, you need more options! We’ve got your back even if you want to try out another digital wallet service to find what works for you. Therefore, we have carefully selected some great alternatives to PayPal, which are also common payment methods on NZ gambling platforms.
What is PayPal?
PayPal is a payment system with services that make online banking convenient, secure and quick. It acts as the middleman, or postman, between you, merchants and your bank. It allows you to store money and send or receive it. You can also make payments to other accounts or deposit them directly to your bank account.
Can New Zealanders pay online via PayPal?
Yes, New Zealand residents can use PayPal for online payments. However, they usually will not be able to use it on gambling and casino sites. The only exception is when you are playing on non-NZ casino sites. Moreover, PayPal makes online payments more secure by preventing you from providing your personal information.
Are there any extra fees when paying by PayPal?
Yes, some extra fees might apply depending on where or whom you are paying through PayPal. For example, if you are paying a merchant through PayPal using your card, a 2.99% rate per transaction fee will apply. However, the fees are less hefty on small payments or charitable donations.