Are cashback bonuses legal at online casinos in New Zealand?
In New Zealand since 2015 the regulation of casinos has started to require specific licenses for legal online and physical casinos in the country. Therefore, when it comes to cashback bonus offers or any other promotion such as welcome bonus , are perfectly safe as long as they are redeemed from licensed and regulated online casinos.
The best online casino sites in New Zealand, they are becoming more popular because of the cashback bonus. This type of bonus is a simple way to reward players for their loyalty.
Best cashback bonuses in New Zealand
Each online casino offers different cashback bonuses, it can be for new players, VIP players, specific games and more.
Below is a short list of some of the Best casino offers with cashback available to players in New Zealand:
Jackpot City-cashback roulette
Play casino Roulettes Jackpot City from Monday to Sunday and according to your losses, you recover up to 50 dollars each week.
Rizk-weekly cashback slots
A Rizk it offers weekly cashback up to 50 dollars and a minimum of 20 dollars must be played to participate! The bonus amount to be received will be 10% of the amount lost in real money in the previous week Slots .
Lucky Nugget-cashback rewards
O Lucky Nugget rewards allows you to earn rewards tailored to you. Now you can get up to 25% in rewards — and earn 100 reward points for every $1 paid in rake or fees on cash games, including high stakes. Plus, you can unlock monthly poker challenges worth up to an additional 40% in rewards. Which means if you are a higher level player you can earn a cashback of up to 65%!
What exactly is a cashback bonus ?
The cashback bonus is basically a bonus with a percentage of your deposit back if you have a losing streak.
Why are casinos offering cashback bonuses?
Casinos want to entice players, so they created the cashback bonus. This bonus is an opportunity to return some money from your losses. However, it should be borne in mind that these perks may have associated conditions such as mandatory wagering, so you should check the terms and conditions.
Cashback vs other bonuses
Cashback bonuses are not the only ones and the most popular are the welcome bonuses and free spins.
However, cashback bonuses are the only ones that allow you to recover money already lost.
| Requirement | Cashback bonus | Welcome bonus | Free spins |
|---|---|---|---|
| Percentage of cashback | Yep | In | In |
| Limit value | Yep | Yep | Yep |
| Requires a deposit | In | Yep | Time |
| New players only | Time | Yep | Time |
Advantages and disadvantages of cashback bonus
| Advantages | Disadvantages |
|---|---|
| Low or no wagering requirements. | Can only be used when losing bets. |
| Guaranteed reimbursement of your losses. | It applies only to money wagered in a certain period. |
| Quick withdrawal with real Money. | Limited value |
| Possibility to extend your bets. | Only a partial percentage of your loss is reimbursed. |
How does the cashback bonus work ?
In New Zealand the cashback bonus varies from casino to casino. First of all, you must join the promotion before or during the bonus period. It depends on how it is indicated in the description of the cashback bonus terms and conditions.
In addition, there may be gaming restrictions. This means that you have to play in a specific game or games. For example, you can only play on live casino or just na roulette only in slots. Important to check, in which game or games have to play or not.
These cashback offers are almost limited to the maximum amount and tied to specific time periods, such as daily, weekly, or monthly. Refund money is usually received within 24 hours after the offer ends.
How is it calculated? For example, a 20% cashback of $100 means that if you lose the $100 in slots, you will receive $20 in cashback bonus.
Types of cashback bonuses
Cashback bonuses vary from site to site. There are 3 types of cashback bonuses.
Cashback with Reload Bonus
For players who have already enjoyed the welcome bonus e make a new casino deposit . O cashback with Reload Bonus offers a total percentage of the player's deposit.
Weekly Cashback
This promotion is the most common in online casinos in New Zealand and they usually last a whole week, from Monday to Sunday or from Wednesday to Wednesday, or even from Monday to Friday. In these promotions may have to play on a specific game or games. At the end of each week, they check your casino activity and manually credit the bonus that corresponds to you.
VIP Cashback
The VIP programs of online casinos offer exclusive rewards for high-level players and regular players. Some VIP clubs offer special cashback bonuses in the form of a percentage of your daily, weekly or monthly net losses.
How to withdraw money after using a cashback bonus?
Generally, the money received is bonus money, which is subject to wagering requirements. Before you can withdraw you will have to rollover the bonus over a period of time.
Solutions to common questions
Sometimes some small problems may arise when using a bonus cashback. Here are some of the most common problems, their causes and possible solutions.
- I didn't get my bonus - You may need to activate your bonus manually. Check it in your email or in your personal profile at the casino.
- The casino did not pay my winnings – This may be due to a delay in payment processing or failure to meet wagering requirements. Try waiting a few days or contact the casino's customer support.
- I can't withdraw my winnings - It is likely that you have not yet fulfilled the bonus requirements or are trying to withdraw amounts above the maximum limit. Check to see if you have met the requirements and what limits apply in the terms and conditions.
- My bonus is no longer available - If you no longer find the bonus cashback, you have probably exceeded the maximum deadline to fulfill the rollover.
Tips when using the cashback bonus
- Always read the terms and conditions;
- Check the bonus wagering requirements;
- Make sure your payment methods are accepted;
- Check the validity of the promotion;
- Check if the bonus has to be played over a period of time or in a specific game.