PayZ is an e-wallet payment method that has been processing payments since 2000.
All payments made via PayZ are considered safe, as they are authorized and regulated by the UK Financial Conduct Authority.
It has many users in New Zealand and also accepts gambling transactions. Owned by PSI-Pay Ltd, it assures transactions in 50+ currencies, including NZD, and reaches an audience of 180+ countries.
New Zealand accepts some services from ecoPayz, but they do not accept ecoPayz cards for transactions.
It was previously famous as ecoPayZ, but recently, in October 2022, it was rebranded as PayZ.
The rebranding involved a name change, but the core services, such as secure online payments, multi-currency accounts, and use on gambling platforms, remain the same.
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Online Casinos that Accept PayZ in NZ
 | Captain Cooks 4.1/5 stars | Deposit $5 & Get 100 spins Wagering: 70x | 95.3% | More Details |
 | Zodiac 4.2/5 stars | Welcome Package Worth $500 Wagering: 200x | 96.3% | More Details |
 | Casino Action 4.2/5 stars | $1250 Bonus Wagering: 200x | 97% | More Details |
 | Emu Casino 3.8/5 stars | Bonus of 200% + 50 Spins Wagering: 45x | 96.3% | More Details |
 | Casino Mate 3.8/5 stars | $1400 Bonus plus 80 Spins Wagering: 50x | 95.7% | More Details |
 | Casino Classic 4.4/5 stars | 100% match deposit Wagering: 200x | 96.3% | More Details |
 | Ripper 3.6/5 stars | $10 + $7,500 Deposit Bonus Wagering: 32x | 96.3% | More Details |
 | Luxury 4.1/5 stars | 100% Bonus Up To NZ$150 + 25 Spins Wagering: 200x | 95.3% | More Details |
 | Casino Kingdom 4.1/5 stars | 1 FS + 40 chances with $1 + 100% Match Bonus up to $200 Wagering: 200x | 96.3% | More Details |
 | Yukon Gold 4.1/5 stars | 150 spins + $150 deposit bonus Wagering: 200x | 96.3% | More Details |
Pros and Cons – Using PayZ
PayZ stands shoulder to shoulder with Skrill and Neteller. In online casinos, they are listed together at the cashier, and the minimum deposit is the same as that of Skrill and Neteller.
At Baytree casinos, it’s $5; at Casino Rewards casinos, it’s $10 or whatever their minimum deposit may be.
Pros
- Multi-currency acceptance.
- Available in many regions.
- Accepts gambling transactions in New Zealand.
- Easy-to-setup payment system.
- Has apps for both Android and iPhone.
- Safe and Secure payments.
Cons
- Charges fees for some transactions and currency conversion.
- Limited PayZ card access. (inaccessible in NZ)
- Requires account verification that takes more than 24 hours.
How to Deposit Using PayZ at Online Casinos?
Before you begin making transactions with PayZ at online casinos, it’s essential to set up an account on their official website or app.
PayZ offers two types of accounts: Personal and Business. The Personal account is for individual use, while the Business account is for those managing a business.
Steps to Set Up Your PayZ Account:
- Visit the official PayZ website at payz.com.
- Click on the ‘Log In’ link and enter your username and password to access your account.
- To upgrade your account, you must verify your identity by providing:
- One photo ID document (e.g., passport or driver’s license).
- A separate document to verify your address.
- A selfie to confirm your identity.
- After verifying your account and upgrading to the Silver Level, you can easily add currencies:
- Navigate to “My Account.”
- Click the “Add Currency Account” icon.
- Choose a name and select the desired currency from the dropdown list.
Depositing Funds into Your PayZ Account:
You can deposit funds using the following methods:
- Credit/debit card
- Local deposit options
- International bank transfers
To make a deposit:
- Log in to your PayZ account.
- Select “Deposit Funds” from the menu and follow the on-screen instructions.
- For bank deposits, include the reference number provided in the “Payment Details” section.
Remember – The minimum deposit amount is 10 EUR (or equivalent in other currencies).
After successfully adding money to your PayZ account, proceed with depositing it into an online casino by following these steps:
- Log in to the online casino.
- Navigate to the cashier section.
- Select PayZ as your preferred payment method.
- Enter the amount you wish to deposit.
Keep in mind that while very few casinos offer bonuses specific to payment methods, you should always check if any such bonuses are available and claim them if eligible.
Also, review the minimum deposit requirements for other first deposit bonuses – try to meet these amounts, as it often results in a 100% match to your deposit.
After entering the deposit amount, you’ll be redirected to your PayZ account. Simply follow the on-screen instructions, and since PayZ is an e-wallet, your deposit will be processed instantly.
How to Withdraw Using PayZ at Online Casinos?
Withdrawal with PayZ is a very similar method to other methods like Skrill or Neteller. Requires only few steps.
- Log in to the online casino and head to the cashier section.
- Select the Withdrawal option.
- Choose PayZ as your withdrawal method.
- Check the minimum withdrawal amount, then enter the amount you wish to withdraw (as long as it exceeds the minimum).
- Click on Withdraw to initiate the process.
If you haven’t verified your identity yet, the casino may require you to upload specific documents for verification.
Once verified, the withdrawal will be pending for up to 48 hours and typically takes 2 to 5 business days to reach your PayZ wallet.
Remember, withdrawing to PayZ doesn’t mean the funds are in your bank account.
You can use the wallet balance for transactions, but if you need the money in your bank account, you’ll need to withdraw from your PayZ account.
Other Important Details: Fees and Account Level
Banking doesn’t only involve deposits and withdrawals; there are other important factors to consider, such as transaction fees, and especially with PayZ, the Account Levels.
Fees
When making deposits or withdrawals at online casinos, PayZ doesn’t charge any fees. However, there are fees associated with deposits and withdrawals at PayZ itself.
Account Funding Fees:
- Bank Wire Deposit: 0-10% transaction fee
- Card Deposit: 1.69% to 6% fee
Withdrawal Fees:
- NZ$3 to NZ$10 per withdrawal
Currency Exchange Rates:
- Fluctuate between 1.25% and 2.99%
But remember, these fees depend on your PayZ account level.
Account Levels
There are basically five account levels, starting from the most basic Classic account, which only allows deposits.
| Account Level | Withdrawals | Send Money | Withdrawal Fees | FX Fees | PayZ MasterCard |
|---|---|---|---|---|---|
| Classic | Not allowed | Not allowed | No fees | 2.99% | No |
| Silver | Allowed | Allowed | 5.90-10.00 EUR | 2.99% | Available |
| Gold | Allowed | Allowed | 5.90-10.00 EUR | 1.49% | Available |
| Platinum | Allowed | Allowed | 5.90-10.00 EUR | 1.49% | Available |
| VIP | Allowed | Allowed | 2.90-7.00 EUR | 1.25% | Available |
While there are no withdrawal fees associated with the Classic account, it has a lifetime limit of 2,500 EUR or its equivalent.
How to Choose Online Casinos with PayZ?
When choosing a PayZ casino, start by checking the cashier section of each casino to confirm if PayZ is available as a payment method.
This step is crucial because not all casinos offer the same deposit and withdrawal options.
Next, verify whether both deposits and withdrawals can be made using PayZ. It’s also important to check the transaction timeframes.
Typically, deposits are processed instantly, while withdrawals usually take 2 to 5 business days.
This timeframe is common across most casinos, so it’s good to keep it in mind when planning your transactions.
Lastly, the security measures in place should be looked into. PayZ is regarded as a safe option, so you can feel confident that your financial information will be protected.
Following these steps will help you choose a PayZ casino that meets your needs and provides a secure gaming environment.
Our Evaluation
PayZ is a good option for payments at online casinos. Deposits are usually instant, while withdrawals take 2 to 5 business days, making it convenient for players.
PayZ offers strong security, keeping your financial information safe. It’s accepted in over 180 countries and supports multiple currencies, including New Zealand dollars.
Be aware of fees, which can vary for deposits and withdrawals based on your account level. Higher account levels can reduce these fees.
To make the most of PayZ, quickly verify your identity to avoid withdrawal delays. Check if PayZ is available at the casino before signing up.
Overall, PayZ is a safe and fast payment method as long as you consider the fees and requirements.