Maestro stands as a distinguished and widely recognized payment method that has firmly established its place in the financial landscape. Launched in 1991 by Mastercard, it is a debit card payment system with a global user base.
With its integration into numerous web-based platforms, including e-commerce websites and online casinos, Maestro now provides a convenient and efficient channel for users to make payments and access their funds.
A Maestro card can be used to shop online, deposit money in online casino accounts, make transactions at Point of Sales (POS) and even withdraw cash from ATMs. However, despite its worldwide popularity, Maestro is not as common as Mastercard in NZ online casinos.
Pros and Cons of Using Maestro at Online Casinos
- Simple and convenient to use
- Instant deposit times
- Highly secure
- 2 Factor Authentical enabled
- Fund protection by zero-liability policy
- Generally fee-free
- Claiming bonused is possible
- Not widely available at NZ casinos
- Withdrawals take 1-5 working days
How to Make Casino Deposits and Withdrawals With Maestro
Before you attempt to make a deposit or withdraw using Maestro, remember that it is a debit card. It cannot store money like an e-wallet. Basically, it acts as a bridge to move the money between your bank and the Maestro casino you choose.
To make a deposit using Maestro at an NZ casino, follow these 7 steps:
- Create an account with a Maestro casino of your choice.
- Head to the cashier section and then click ‘Deposit.’
- Select Maestro (or debit card) as your deposit method.
- Enter the amount you wish to deposit.
- Fill in your Maestro card details.
- Confirm the transaction with your bank.
- Watch the deposited amount hit your casino account.
For withdrawals with Maestro, follow these 6 steps:
- Log in to your Maestro casino account.
- Head to the cashier section and then click ‘Withdraw.’
- Select Maestro (or debit card) as your withdrawal method.
- Enter the amount you wish to Withdraw.
- Confirm to initiate the transaction.
- Wait for the casino to approve your withdrawal request.
- Receive the funds in your bank account within 1-5 working days.
Is Maestro a Fast Withdrawal Method for Casino Payouts?
Not at all! Maestro is a fantastic banking method to use at casinos, but it does not enable fast withdrawals. When you cash out using it, prepare to wait for 1 – 5 bank days before you can meet your money. This window holds even if you cash out from the fastest payout casino in NZ and the casino releases your funds instantly.
Why Does the Withdrawal Time With Maestro Vary Between Casinos?
Every New Zealand online casino sets its own processing time to approve withdrawal requests. This window is irrespective of the time taken by Maestro to push your funds to your bank account. While some casinos process requests instantly, others do it within a day; yet others can take several days.
This processing time directly impacts how quickly you receive your payments. While Maestro’s transaction time remains the same in all casinos, the difference in the processing time of the casinos is the reason the overall withdrawal time varies from one casino to another.
How to Speed Up Casino Withdrawals With Maestro?
To be honest, there is nothing you can do about the 1-5 working days window for withdrawals with Maestro. Neither can you ask the casino to change the preset window for processing withdrawals. However, there are certain things you can do to ensure you receive your money on time and without delays.
Make Sure Your Casino Account Is Verified
Every licensed online casino in New Zealand would require player verification eventually, if not immediately. You would be required to submit proof of identity and address so the casino can be sure that you are who you claim to be.
If you attempt to cash out funds without verification, it might lead to your withdrawal requests being put on hold. To avoid such delays, always make sure your casino account is verified before you place a withdrawal request.
Be a VIP Player or High Roller
VIP players and high rollers are every casino’s superstars. They are the ones who bring in the most profit. Hence, casinos treat them with utmost care and reward them with perks from time to time. Loyal and high-depositing players are also prioritized over other players when it comes to withdrawals. Be one to get to your cashed-out money faster.
Play at a Casino Site That Pays Out Fast
When you want to meet your money quickly, you should play at an NZ casino that releases your funds quickly. You cannot expect a casino that specifically mentions it would take several days to process your request to hurry up and send you the funds. If you are unsure where to start, check the fastest payout Maestro casinos in NZ listed on this page.
What Can Cause Payout Delays With Maestro?
Cashing out your casino winnings through Maestro is usually smooth, with delays being uncommon. Yet, certain circumstances might impact a transaction. We have discussed them below.
Not Using Maestro for Deposit
All legit online casinos, including those in New Zealand, have a rule to follow when it comes to payments. It is known as the ‘closed loop policy,’ which warrants that a withdrawal be routed the same way through which the casino received funds.
It is therefore imperative that you use Maestro for deposit if you want to use it for withdrawal. If you have never deposited using the payment method but attempt to cash out with it, your withdrawal would be put on hold and released only when you provide proof of banking. All this would eventually delay the receipt of your funds.
Maestro payments might not process correctly if there is a technical issue with the servers or a system outage. This essentially means your payment that is sent by the casino via Maestro would be ‘stuck’ somewhere and eventually returned to it. Thankfully, such glitches are temporary and payments usually go through quickly once they are resolved.
As part of legal compliance, NZ online casinos need to perform security checks on their players from time to time or as and when needed. Such security checks are warranted to keep money laundering at bay. They are trigged especially when the casino notices unusual activity in your account.
With security checks activated on your account, expect your Maestro withdrawals to be delayed. The processing time would go back to normal once the checks are lifted.
Shortage of Manpower
If an NZ online casino gets a surge of withdrawal requests and simultaneously faces staff shortages due to employee downtime, withdrawals are bound to be delayed, regardless of the payment method used. Even the fastest payout NZ casino could encounter this issue. However, as soon as the staff is back in action, withdrawal requests get processed at the same speed.
Surpassing Withdrawal Limit
Exceeding the withdrawal limit in a Maestro casino that has one set for each day, week or month could lead to your request being put on hold. Your funds would not be processed until the duration has passed.
Keep in mind that the transaction time for Maestro payments is up to 5 bank days. A ‘delay’ happens only when this window is exceeded.
What Is the Minimum Casino Deposit You Can Make With Maestro?
Most New Zealand casino platforms generally begin Maestro deposit limits at $10. Nonetheless, online casinos have the liberty to establish their own limits, leading to potential variations. A few sites enable deposits as low as $1, while others warrant a minimum of $30. However, such sites are hard to come by, more so with fast withdrawal times.
Can You Claim Casino Bonuses With Maestro Deposits?
Absolutely! Online casinos in New Zealand with Maestro as a payment method will surely let you claim casino bonuses when you make a deposit using it. The list includes the standard welcome bonuses of the casinos, free spins, cashbacks and all other promotional offers available.
What Are the Fees With Maestro?
Casino deposits as well as withdrawals with Maestro are typically fee-free. However, a fee may be levied under three rare circumstances:
- The bank that issued the Maestro card decides to charge a fee on transactions.
- The casino decides to charge a fee on Maestro transactions.
- The currency exchange fee is imposed because the currency supported by your bank account is different from that of your casino account.
Make it a point to read the casino’s terms and conditions, especially those related to payments and fees, to find out if you’d end up paying extra for Maestro transactions.
Is Maestro Safe to Use at Casino Sites?
Maestro, with its long-standing industry presence as a trusted payment method, holds a strong reputation. It is one of the most secure ways of making and receiving payments at online casinos. Although sharing card details over a gambling site might seem like a risky affair, the way Maestro processes transactions makes it a safe bet.
When you deposit with it, your transaction data travels through a secure, encrypted network. This safeguards your personal and financial details from unauthorised access. The casino receives only a fraction of your card information required for the transaction to be successful.
For added safety, Maestro incorporates the very popular 2-factor authentication. This means transactions require approval, primarily through a PIN on your personal banking app or a One-Time Password (OPT). This further assures the safety of your funds.
Last but not least is Maestro’s zero-liability policy meant for protecting cardholders in the event of unauthorised third-party access. If a third party uses your card without your consent, you won’t be held responsible. Your money will still be safe and you will get it refunded.
Nevertheless, always make it a point to check the legitimacy of the casino at which you are playing. Sharing your Maestro card details on a rogue casino might land you in trouble. Similarly, be careful while using your Maestro card for gambling online using public WiFi, which is prone to hacker attacks.
Is Maestro Mobile-Friendly?
Maestro is a mobile-friendly payment method without being designed specifically for mobile. It is not a downloadable e-wallet in which you can store money or a prepaid card system that can be topped up.
Nevertheless, it enables easy, contactless payments on the go using just your card details. Whether you use Maestro at online casinos on your mobile or desktop, deposits are typically instant and withdrawals are processed within 1-5 business days.
What Are the Best Maestro Alternatives for Kiwi Gamblers?
If you don’t want to use Maestro at an online casino in New Zealand, know that there will always be a host of other payment methods to choose from. The best Maestro alternatives that are more commonly found, include the following:
Does Maestro Decline Gambling-Related Transactions?
Maestro is usually reliable for online casino transactions and doesn’t decline them. Yet, it’s essential to note that Maestro is connected to Mastercard, which opposes transactions on illegal casino sites.
Can I Withdraw Casino Winnings With Maestro?
Yes, you can withdraw casino winnings with Maestro given that the online casino you choose supports it as a withdrawal option. Also, keep in mind that to use it for withdrawals, you’ll need to first make a deposit using your Maestro card.
Is Maestro Common in NZ Casinos That Pay Out Fast?
Maestro is not as common in NZ casinos as Mastercard. It is an even rarer sight at online NZ casinos that pay out fast. Even if it’s available, it would be mostly as a deposit method.
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