Fastest payout methods in New Zealand

Receiving funds from any source need not be a difficult or timely process. In New Zealand, there are various withdrawal methods available which make accessing funds easier. Some are faster with their processing times. The withdrawal limits that each of these methods have also vary.  

In each industry there are differences too: for example, in igaming and betting, things can be more restrictive, so when you want fast payouts, it is essential to shop around for the best provider. These are the different payment methods available for receiving funds in New Zealand. Starting at the top are the ones that have the fastest processing time, going down to those with the longest.

Neteller

E-wallets allow for deposits and withdrawals. Neteller is fast becoming one of the most popular choices among New Zealanders. This is because it currently offers the fastest payout method. Depending on the source of the money, payout takes between 0 and 48 hours. The withdrawal limit for Neteller is NZ$ 20,000 per month and the money in the e-wallet can be used to pay merchants, transferred to another bank account or used to withdraw funds from an ATM machine.

Customers can sign up for a Neteller card online in any of the 26 currencies that it supports and have over 40 receiving and payment options.

Skrill

Skrill is a fast payout method that is increasingly becoming popular. It takes just minutes to get a Skrill wallet and it has over a hundred ways to deposit money and receive payouts. Like PayPal, it is a third-party funds processor. It gets second place because it is just as fast as Neteller in its payout time and also has a monthly withdrawal limit of NZ$ 20,000.

PayPal

PayPal offers a full online financial service for paying and receiving funds, while it also offers its users the ability to do so from a number of different cards and accounts. Each time that money is paid or received, the user can choose to which account it must go. PayPal is considered to be one of the safest withdrawal options. The payout time at PayPal ranges from 12 to 72 hours and it has no withdrawal limit.

Paysafecard

Paysafecards are great for users who don’t want to have anything linked to their bank accounts or credit cards. The prepaid online method allows customers to purchase credits and receive payouts, which can be withdrawn through another online method or at an ATM with a Paysafecard Mastercard. The withdrawal limit for each transaction is NZ$ 3,500 and the payout time ranges from 2 to 48 hours.

EcoPayz

EcoPayz is an all-in-one online account that allows its users to open it in minutes without needing to have a bank account or a credit check. Top ups and payouts can be made in any way that suit the user and the funds can be spent in any way. With ecoPayz money payouts are received within 2 to 48 hours and their withdrawal limit is NZ$ 12,000 per month.

POLi

Creating an account at POLi is easy on their official website and the account will be ready once the registration and verification is complete. POLi has a 12 to 72-hour payout time and no withdrawal limit. However, there is a charge of NZ$ 0.30 plus 0.9% on every withdrawal.

Trustly

The service is provided through PayPal and TransferWise. Trustly users can receive payouts and can also shop safely from their bank accounts. Payouts take between 12 and 72 hours and there is a limit of NZ$ 12,000 on monthly withdrawals.

Visa

Visa has been powering debit and credit cards in many countries for decades. Its debit card is a popular method for receiving payouts and shopping around the world, New Zealand included. Their payout times range from 2 to 6 business days, but they offer a withdrawal limit of NZ$ 14,000 per week.

Master Card

Master Card also has a debit card that is very popular globally. It can be used for receiving payouts and making purchases. Payouts typically take between 2 and 6 business days with a weekly withdrawal limit of NZ$14,000.

Maestro

Maestro is a popular multi-national debit and prepaid card that was introduced by Mastercard in 1991. Maestro cards can be linked to accounts and are safe and secure for making payments and receiving payouts. Maestro has a weekly withdrawal limit of NZ$14,000and payouts take from 2 to 6 working days.

Transfers are safe and secure with all the above payout methods and if there is a delay the consumer must keep in mind that there are various factors that can contribute to them. International transfers take longer, bigger amounts can cause delays, and weekends and holidays do also slow down payout times.