History of the New Zealand Dollar The New Zealand dollar currently acts as the official currency for New Zealand, Niue, Cook Islands, Tokelau, the Ross Dependency, and a British territory, the Pitcairn Islands. It’s often just referred to as a dollar and is written as a dollar sign, making it hard to distinguish from the US dollar in some scenarios. The New Zealand dollar took over the country’s official currency in 1967 after the pound sterling went out of use. The latter followed a much...
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History of the New Zealand Dollar

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The New Zealand dollar currently acts as the official currency for New Zealand, Niue, Cook Islands, Tokelau, the Ross Dependency, and a British territory, the Pitcairn Islands. It’s often just referred to as a dollar and is written as a dollar sign, making it hard to distinguish from the US dollar in some scenarios. The New Zealand dollar took over the country’s official currency in 1967 after the pound sterling went out of use. The latter followed a much more complicated system that most people weren’t fans of. In modern tradition, the New Zealand dollar consists of 100 cents.

There are several interesting things to know about the New Zealand dollar, but one of the most important is that it’s the 11th most traded currency in the world! While this doesn’t make it the most popular one out there, it does give it a top spot that acts in its favor when online gambling comes into play. Currently, you can run into five different New Zealand dollar banknotes and five coins. The banknotes include $5, $10, $20, $50, and $100. The coins are 5c, 10c, 20c, $1, and $2.

Trusted Casino Deposit Methods that Accept New Zealand Dollar

As we already mentioned, the New Zealand dollar misses the world’s top 10 most traded currency list by a hair. As you can probably guess, this gives it quite an edge when activities like online gambling are in question. When exploring different online casinos, you’ll notice that the NZ dollar is a viable option in most. Since it’s pretty well-established on the online casino scene, you should have no issue choosing between a myriad of banking options that offer unique benefits. If you’re wondering about which ones of them are the best, here are the top five:

  • VISA: We don’t doubt that you’ve already heard of VISA. VISA is the biggest bank card in the world right now, so it’s a staple in the online gambling world for several countries, including New Zealand! While this method is incredibly well-established and regarded as one of the safest you’ll run into today, it doesn’t offer much beyond that. If you’re expecting perks like lower fees and quick transaction times, it’s best to turn to more modern payment solutions.
  • MasterCard: No matter how you look at it, MasterCard is VISA’s biggest competitor. Like the latter, MasterCard is a traditional bank card that allows safe transactions. Unfortunately, this means that this method also suffers from the same things VISA does. There’s nothing particularly bad about using MasterCard, per se, but nothing is exciting about it either.
  • NeoSurf is one of the most popular online casino banking methods in New Zealand. If you’re not familiar with it, the service is an eVoucher that allows quick and convenient transactions that keep your privacy intact! It’s easy to see that NeoSurf comes with tons of benefits, but what makes this option even better is how easy it is to access! Users can grab a NeoSurf Card from over 135,000 locations worldwide or through a quick internet search!
  • POLi is another online casino payment method that gets tons of traction in New Zealand. The Melbourne-based service is a fully online payment solution that works wonders when connected to your bank details! The transactions are fast, the fees are non-existent, and all it takes to finish a transaction is a few simple steps. It’s worth noting that while all of this applies to depositing, withdrawing with POLi does incur some fees. Thankfully, these are on the lower end.
  • Skrill: For those unfamiliar with this widespread payment option, Skrill is an eWallet that gets tons of attention in the online gambling circuit in New Zealand and beyond! The reason for this is pretty simple. Skrill offers users a convenient way to make quick transactions that incur minimal fees. On top of that, it gives users a chance to retain their privacy to a higher degree than they would with more traditional payment options.

Gambling Restrictions

nz_dollar_casinos2Gambling is an incredibly popular venture in New Zealand! Unfortunately, the regulations surrounding the activity can be a bit complicated. Right now, three main bodies oversee gambling on the territory. They include the Department of Internal Affairs/Te Tari Taiwhenu, the Gambling Commission, and the Ministry of Health. These three bodies are responsible for keeping up with online gambling originating from New Zealand, which is legal if done through the appropriate channels.

When gambling on international platforms comes into play, things get somewhat murky. While it’s not illegal, players should keep in mind that they’re entering at their own risk. The country doesn’t do much to protect players in this regard, so make sure to thoroughly check the online venue of your choice before playing in it. There are a few more tidbits about online gambling laws in New Zealand that could help you out, so we recommend you do a more thorough check of the country’s regulations through our website!

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