Open Banking Casinos | Find Top 3 Best Open Banking Sites NZ

They are a new type of online casino that’s been made possible by the Open Banking initiative. These online casinos NZ offer players the ability to connect their bank account directly to the casino so they can make deposits and withdrawals using their online banking login. This allows for a much more seamless and convenient experience for players, as well as providing them with greater security and peace of mind knowing their bank is directly involved in the transactions.

What Is Open Banking And How Does It Work In the Casino Industry

Open banking is a term used to describe the practice of sharing financial data with third-party providers. In the past, this data was typically only accessible by banks and other financial institutions. However, open banking allows consumers and businesses to share their financial information with approved third parties. This information can then be used to offer products and services that are tailored to the individual's needs.

In the casino industry, open banking can be used to provide more personalised experience for players. For example, casinos can use player data to offer customised bonuses and promotions.

This means that players are more likely to receive offers that are relevant to their gaming habits. Moreover, open banking can also be used to instant payments, verify player identity, and prevent fraud. As a result, open banking provides a number of benefits for both casino operators and players.

Best 3 Open Banking Casinos in New Zealand

Hell Spin Casino

Hell Spin Casino is a new and exciting instant withdrawal casino, with an extensive range of games for all tastes. The site also offers full mobile support so you can enjoy your favourite casino table top or slot machines on the go!

Jonny Jackpot Casino

Jonny Jackpot is another great option for open banking casinos. Licensed by the UKGC and MGA, this casino offers a safe and secure gambling environment for all players. With hundreds of games on offer, including slots, table games, and live dealer games, there's something for every Kiwi player at Jonny Jackpot Casino.

Sol Casino

Sol Casino is an open banking casino that offers players a safe and secure gambling environment. Hell Spin Casino has hundreds of games to offer, so no matter what your taste in gaming is you'll be able find something that suits it.

Open Banking Casinos: Benefits & Cons

Pros

  • Instant deposits and withdrawals: One of the main benefits of open banking casinos is the ability to offer instant deposits and withdrawals. This is because open banking allows for real-time payment processing. As a result, players can deposit funds into their account and start playing immediately. Similarly, they can also withdraw winnings as soon as they finish playing.
  • No account: Another benefit of open banking casinos is that they do not require players to create an account. This is because all of the player's financial information is stored with their bank. As such, there is no need for players to input their personal details when they sign up for an account. This can save a lot of time and hassle for both casino operators and players.
  • Verify player identity: Open banking can also be used to verify player identity. This is because all of the player's financial information is stored with their bank. As such, casinos can use this information to confirm that the player is who they say they are. This helps to prevent fraud and ensures that only legitimate players are able to access the casino.
  • Prevent fraud: Open banking can also be used to prevent fraud. This is because all of the player's financial information is stored with their bank. As such, casinos can use this information to confirm that the player is who they say they are. This helps to prevent fraud and ensures that only legitimate players are able to access the casino.
  • No SMS and spam emails: The main benefit of open banking casinos is that they do not require you to input your phone number. This prevents the flooding players with SMS and spam emails, which can be distracting when trying to gamble!

Cons

  • There are not many open banking casinos in New Zealand
  • Some players might feel not really comfortable using this service

How To Use Open Banking For Deposits and Withdrawals at Online Casinos

In order to use open banking for deposits and withdrawals, you will need to have an online banking account with a participating bank. Once you have this, you can then select open banking as your payment method when you are making a deposit or withdrawal at an online casino.

When you do this, you will be redirected to your bank's website where you will be asked to login and confirm the transaction. Once this is done, the funds will be transferred immediately and you will be able to start playing!

The Future of Open Banking In the Casino Industry

Open banking is still in its early stages and the casino industry is just starting to explore its potential. However, it is already clear that open banking has a number of advantages for both casino operators and players.

In the future, we expect to see more casinos offering open banking as a payment method.

Last Updated on November 25, 2022 by michalek

casinofastpayout nz logo

Gamble Responsibly

Every online casino that you find on this website is licensed and regulated. Gamble responsibly and know when to stop.

Contact

About Us

Top Notch Leads LTD

Cali House, 3rd Floor Vjal ir-Riħan, Triq Tal Balal, San Gwann, SGN 9020