As one of the largest independent e-wallets in the world, Neteller is available in more than 200 countries and supports 26 currencies and 15 languages. Its financial services are widely used for online money transfers to and from businesses in a vast range of industries, including social networks, Forex trading, and online gambling.
Not long after it was launched in 1999, Neteller was processing transactions for almost all web-based gambling providers. Today, it is still one of the largest and most reliable names in the industry. It is available in all online casinos and is among the most popular deposit methods.
Neteller is a British e-money company and is authorised by the Financial Conduct Authority in the UK. Their high standards guarantee high-levels of safety and security for users, including special measures against fraud and identity theft.
Neteller is accepted by most online casinos as a payment option for both deposits and withdrawals. Players should be warned, however, that as it is based outside the US, it currently does not accept US-based customers.
How Neteller Works
Neteller is an e-money service that functions much like PayPal and it is available at multiple online casinos. This method is widely popular among gamblers because it allows instant transfers and easy funding of gambling accounts.
Signing up for a Neteller account is free of charge. To open an account, players need to visit the operator official website and sign up. Then, they will need to fund it via their preferred payment method such as credit cards, bank transfers, bank deposits, etc.
Registering Neteller Accounts
Opening a Neteller account is easy and takes no more than a few minutes. To register and create their own e-wallet, players need to provide their personal information in the registration form. This includes their names, addresses, and birth dates, as well as valid telephone numbers and e-mail addresses. The option for choosing a currency is also available – USD, EUR, GBP, and CAD are among the accepted currencies.
Once the registration is complete, the player receives a Neteller ID and a Secure ID. The account needs to be linked with a bank account or another funding method in order to be topped up and properly used for online gambling. Here players can use credit or debit cards, including Visa, MasterCard, and Maestro, international bank transfers, and more.
When the Neteller account is activated, it can be used for instant transactions to online gambling accounts. For withdrawals of winnings, however, a verification is required. Players will need to provide scanned copies of their IDs or other documents as a proof of address.
Prepaid Net+ Card
Neteller offers players the opportunity to purchase a Virtual or Plastic Prepaid Net+ MasterCard. These are low-cost prepaid cards with no annual or monthly fees that allow easy access to the Neteller e-wallet. They can be used for both funding online casino accounts and withdrawing money at ATMs. The Prepaid Net+ MasterCard also allows purchases at hundreds of online and brick-and-mortar stores that accept MasterCard as a payment option. The card supports several popular currencies – GBP, EUR, USD, CAD, AUD, SEK, JPY and DKK.
The Plastic Net+ MasterCard is shipped within a few weeks and requires activation at the official Neteller website.
Neteller VIP Program
Based on the transfer activity in a member’s account, Neteller VIP Program is designed to reward the most active users and it features five different levels. Players with increased transfer activity will receive benefits such as additional reward points, increased ATM withdrawals, multiple currency accounts, higher transfer limits, as well as next day payouts.
Depositing at Online Casinos via Neteller
The Neteller e-wallet is widely preferred by gamblers due to its convenience and high level of security. It is a valid payment option at all reputable online casinos and transactions are instantaneous and hassle-free.
Depositing via Neteller is very easy – after opening the Cashier at the casino, players need to choose it as a deposit option and enter a Neteller ID and a password. After specifying the amount of funds, they only need to confirm the transaction. The transfer is instant, so within seconds they are able to play with their money.
Withdrawing Winnings with Neteller
One of Neteller’s biggest advantages over other payment methods is that it is ideal not only for topping up a casino balance but for withdrawing winnings, as well. The process is equally easy – you need to visit the Banking or Cashier section, choose Neteller as a withdrawal option, and enter your ID and password. Confirm the transaction after selecting the amount of money you wish to transfer from your casino balance to the e-wallet.
Neteller charges deposit fees, which vary, depending on the funding method. Players who use BitCoin to top up their Neteller e-wallet, enjoy a low, 1% deposit fee, while most of the other options come with a fee ranging from 1.5% to 7%. A notable exception is Boku’s Pay by Mobile option, where players can be charged up to 45%. Local bank deposits, on the other hand, are free.
The fees for withdrawals range from 1.75% for Net+ Prepaid MasterCard to fixed amounts when using bank transfers (€7.50), Member Wire (€10.50), and others. The currency exchange fee is 3.99% and 1% for VIP members.
The limits are ₤650 in withdrawals and ₤1950 in purchases every 24 hours. Account holders can make 4 withdrawals or 10 purchases every 24 hours. However, VIP members benefit from higher deposit and withdrawal limits.
Neteller is an online money transfer service and it operates under strict regulations and security protocols. Due to the powerful 128-bit SSL technology, all personal and financial data remains private. For this reason, the e-wallet is considered one of the safest payment options in online gambling.
In addition, when using a Neteller account for online gambling, users do not enter any credit card or bank information, so there is no risk of fraudulent activity.
As Neteller is not a banking institution, it does not lend account holders’ funds. Customers’ funds are securely kept in separate trust accounts, away from operational funds. This means your money is always in your e-wallet.
Advantages of Neteller
There are plenty of advantages when using Neteller as a method to top up an online casino account. It offers excellent protection of sensitive data, as well as the opportunity for gamblers to remain anonymous, as they appear only with their Neteller ID when transferring funds.
In addition, players who choose the Neteller e-wallet can use it at multiple online gambling providers. They are able to make instant deposits and after withdrawing their winnings, they can use them to make online purchases from hundreds of merchants.
Disadvantages of Neteller
Although Neteller is one of the most recognized payment methods for online gambling, it is not available for US-based players. Countries with limited service include Canada, Hong Kong, Turkey and Macau. Due to government regulations, some countries do not allow gambling-related transactions, so even if players can use their Net+ cards, they will not be able to access their Neteller account.
Despite the fact Neteller is restricted in some parts of the world, it remains one of the safest, fastest and most convenient ways for making deposits at online casinos. The service is targeted to casino players, therefore it is available as a payment option at most of the long-established online gambling operators.