Pay It Now (PIN) Review New Zealand's Crypto Payment Leader (2025)

July 7, 2025
Nic Turnbull
Market Leader

New Zealand's largest cryptocurrency payment network with 25,000+ active users, 300+ merchants, and over $91 million in transaction volume.

Pay It Now (PIN) stands as New Zealand's pioneering blockchain innovator and digital asset payment processor, serving both individual users and businesses across New Zealand and Australia. Founded as a comprehensive crypto ecosystem, Pay It Now has established itself as the largest cryptocurrency payment network in New Zealand, with over 300 Kiwi businesses already integrated into their payment system.

Best Bitcoin Exchanges in New Zealand

When choosing where to buy BTC in NZ, several factors should influence your decision, including fees, security, ease of use, and available payment methods. Here's our comprehensive comparison of the top Bitcoin exchanges available to investors in 2025:

Comparison Table of Top NZ Bitcoin Exchanges

Easy Crypto

NZD
Coins
160+
Fees
0.5-1.5%
Buy Now

Pay It Now (PIN)

NZD
Coins
50+
Fees
1–2%
Buy Now

Binance

NZD
Coins
300+
Fees
~0.1%
Buy Now

MEXC

NZD
Coins
2,000+
Fees
~0.1%
Buy Now

Swyftx

NZD
Coins
300+
Fees
0.6%
Buy Now

P2P Marketplace

NZD
Coins
50+
Fees
0–10% (negotiated)
View Listings

Important!

Looking for privacy? Our NZ-based P2P Crypto Marketplace connects buyers and sellers directly – no KYC required. For experienced traders, MEXC is a great non-KYC exchange still available to New Zealand users.

What is Pay It Now (PIN)?

Pay It Now (PIN) isn't just another crypto exchange – it's New Zealand's homegrown solution to actually using digital assets in the real world.

While most platforms focus purely on buying and selling, PIN bridges the gap between owning crypto and spending it. Born out of the need for real utility in Aotearoa, Pay It Now offers an all-in-one platform: an easy-to-use wallet, local bank integration, merchant tools, and NZ's first crypto-backed Mastercard you can use anywhere Mastercard is accepted.

In a country where crypto adoption is growing but everyday use has lagged behind, PIN steps in as a practical, Kiwi-built answer to turning your digital assets into something you can actually use.

The PIN Ecosystem (Built for Kiwis):

1

Crypto Wallet

Store 40+ cryptocurrencies with beginner-friendly interface

2

NZ Banking

Direct integration with local banks for seamless deposits/withdrawals

3

Web3 Mastercard

Spend crypto anywhere Mastercard is accepted with automatic conversion

The Web3 Mastercard

New Zealand's First Crypto-Backed Debit Card

One of Pay It Now's biggest breakthroughs is the Web3 Mastercard – New Zealand's first crypto-backed debit card, built in partnership with Immersve.

It lets you spend your crypto anywhere Mastercard is accepted. No top-ups. No conversions. Just pay, and your crypto is automatically swapped to NZD at the point of sale. The merchant never even sees the crypto – they just get paid.

How Does it Work?

Users can fund their Web3 Mastercard using over 40 supported cryptocurrencies, including Bitcoin, Ethereum, Solana and Tether. When making a purchase, the card automatically converts just the right amount of crypto into New Zealand dollars at the point of sale.

There's no need for preloading or converting manually – and merchants are paid in fiat, just like with a standard EFTPOS or debit card.

Partnership with Immersve

The card is powered by Pay It Now's partnership with Immersve, a trusted global provider of crypto payment infrastructure. Immersve handles real-time crypto-to-fiat conversions behind the scenes, ensuring transactions are fast, seamless, and compatible with Mastercard's global payment network.

The result is a smooth, traditional payment experience backed by crypto flexibility.

Pay It Now Features & Services

Multi-Asset Cryptocurrency Wallet

Manage over 40+ popular cryptocurrencies like BTC, ETH, SOL, and USDT all in one clean, easy-to-use app.

See your crypto portfolio in both NZD and AUD equivalents
Get real-time price tracking and full transaction history
Built for beginners, but packed with features pros will appreciate
Seamless wallet and exchange in one place

Swap, Buy & Sell Instantly

No need to jump between platforms – buy, sell, and swap crypto directly inside the PIN app.

Fund your wallet with a NZ bank account
Withdraw NZD straight back to your bank
Zero gas fees: PIN covers network fees so you don't have to
Seamless wallet and exchange in one place

Business and Merchant Services

PIN gives Kiwi businesses a better way to get paid with zero transaction fees.

1

Zero Fees

Accept crypto payments with 0% transaction fees

2

Auto-Convert

Payments instantly convert to NZD to avoid volatility

3

Easy Integration

Works with existing POS systems like Lightspeed and SIPO

NZ Banking Integration

PIN links directly to local banks, giving you a smooth onramp and offramp for crypto. Deposit and withdraw NZD or AUD easily. Avoid delays, fees, and complexity from international platforms. Fully compliant with NZ and AU financial regulations.

Pay It Now Fees & Costs

Trading Fees: 1–2% (But No Gas Fees)

Trading on Pay It Now usually comes with a fee between 1% and 2%, depending on the crypto and transaction size. That's higher than global giants like Binance or Coinbase (which can go as low as 0.1%), but with Pay It Now, you also get:

Direct NZ bank integration
No gas/network fees (PIN covers them)
Kiwi-based support
Local regulatory compliance

💡 For smaller or frequent trades, the zero gas fee model can be a real saver – especially on networks like Ethereum where fees can spike.

Merchant Fees: Zero Transaction Costs

If you're a business, here's the best part: Pay It Now charges zero transaction fees for accepting crypto payments. That's a major advantage compared to traditional card processors, which typically charge between 1.5% and 3.5%, or even other crypto payment providers, which often take 0.5% to 1% per transaction.

Web3 Mastercard Costs

The Pay It Now Web3 Mastercard is free to set up, with no activation fees. Reloading the card directly from your PIN wallet is also free or incurs only minimal fees, depending on the cryptocurrency and network conditions.

Domestic spending within New Zealand and Australia doesn't incur any additional charges, making it highly cost-effective for everyday use. For international purchases or ATM withdrawals, standard Mastercard rates apply.

Pay It Now vs Competitors

Pay It Now

Fees: 1-2% trading, 0% merchant fees

Strengths:

Web3 Mastercard
NZ banking integration
Zero gas fees
Local support

Limitations:

Higher trading fees
Limited to 40+ cryptos

Easy Crypto NZ

Fees: 0.5-1.5% trading

Strengths:

100+ cryptocurrencies
Lower trading fees
Simple buying/selling

Limitations:

No spending solutions
No merchant services
Limited utility

Binance/MEXC

Fees: ~0.1% trading

Strengths:

Very low fees
Huge crypto selection
Advanced trading

Limitations:

No NZ banking
Complex setup
No local utility

Is Pay It Now Right for You?

If you're based in New Zealand, we highly recommend using Pay It Now. The platform delivers real-world crypto utility that goes far beyond simple trading. From their innovative Web3 Mastercard to zero merchant fees and seamless NZD integration, it's tailored for Kiwis who want to actually use their digital assets. The team behind PIN is sharp, efficient, and genuinely excellent at what they do. If you're after a practical, locally-focused crypto solution, Pay It Now is one of the best options available in Aotearoa.