Ewallets such as Neteller rank among the most popular payment methods among online casino fans worldwide.
Neteller is about as good as it gets for online casino deposits. The only real issue some people have with Neteller is that the country you reside in might not accept it, so if you live somewhere like the US, you can't use it to do your online casino banking.
Neteller enables fast and safe transactions between the player and the casino, making the entire process as simple as possible. An email and a password is all one needs to sign up and execute payments in either direction.
Neteller service is operated by Paysafe Financial Services Limited, a company founded in 1999 to provide clients with an online payment alternative.
Their portfolio also includes Skrill, Paysafe, Paysafecash, PaySafeCard and GOLO, as well as Income Access which specialises in serving global gaming and financial trading industries. Neteller offers financial services in more than 200 countries, boasts over 23 million account holders worldwide, and supports 22 currencies.
One can sign up for a free Neteller account in under a minute, then add funds via multiple deposit methods and head to the chosen online casino to put it to good use.
Verifying your identity is not a must but it needs to be done if you wish to have access to higher limits and additional deposit options. In order to do so, you’ll have to upload a copy of your driving license, passport, national ID card or an address verification document, plus a selfie with the chosen ID.
The Neteller mobile app lets you access your account and execute transactions wherever you are 24/7. Users of iOS and Android smartphones and tablets can download it for free at App Store and Google Play.
There are more than 60 available funding options, among which Visa credit and debit cards, Skrill, Bitcoin, iDeal, Neosurf, PaySafeCard, Trustly, POLi, Moneta.ru, Cheque, Bank Transfer and Fast Bank Transfer. Depending on which one you choose, deposits to Neteller account will be free or could cost you up to 7%. A more limited choice of online and offline options is available for withdrawing funds from your Neteller wallet.
Clients can collect cash with Net+ Prepaid MasterCard at an ATM machine, use Bank transfer to transport it directly to their bank accounts, send it to their mobile wallet or a merchant site. The latter is the only free withdrawal option; others will cost you either a fixed amount (between €7.5 and €25) or a percentage fee (1.45% – 1.75%).
The Net+ Prepaid MasterCard is a low-cost prepaid card which lets you make purchases anywhere MasterCard is accepted. It features chip & PIN technology which secure your privacy, and each purchase earns you Neteller Loyalty Reward Points redeemable for cash or merchandise. The Net+ Prepaid Virtual card can be used to pay at thousands of websites.
Paysafe Financial Services Limited is authorised by the Financial Conduct Authority in the UK, meaning they are required to maintain the highest security standards. Their physical and electronic security measures safeguard all transactions and anti-money laundering protocols ensure clients are protected from fraud and identity theft.
Neteller applies industry-standard encryption for all sensitive information and stores the latter at a highly secure data centre. They monitor accounts and transactions 24/7 by both computer systems and live agents, and make their customer service available round-the-clock for urgent questions and concerns.
Neteller and Skrill are part of the same group and use identical tools to provide an added layer of security. These include two-step authentication which requires a code generated by Google Authenticator to be entered along with your email and password. One can instead use Secure ID, a 6-digit number assigned by Neteller.
The casino you register at will normally guide you through the entire payment process. You’ll need to go to their deposit page and select Neteller from the list of available options, specify how much you wish to pay, and provide the email address associated with your Neteller account.
That’s when the payment service provider takes over and asks you to verify the transaction. Once that’s done, you’ll find yourself back at the casino with a budget available for placing real money bets.
Virtually identical procedure applies to withdrawals, and more often than not, no fees will be charged by the operator; the entire amount transferred to the casino will end up as your real money balance, and the full amount won will make it your Neteller wallet.
Online Gambling with Neteller: Benefits and Disadvantages
To start with, Neteller is accepted pretty much everywhere, so once you sign up for the service, chances are you’ll be able to use the same payment method wherever else you choose to play.
Like all eWallets, Neteller enables an instant transfer of cash to the player’s casino account and fast payouts. From the moment an operator approves your withdrawal request, it will take no more than one or two days for cash to be paid into your Neteller account. Once there, you’ll be able to collect it in several different ways.
Service provider uses advanced security measures to make sure no one can access your money but yourself. Neteller is a middleman making it unnecessary to share your bank account or credit card details with the casino, and also saves you the trouble of having to supply the same information every time you visit a new gaming venue.
There aren’t any disadvantages to speak of, unless you happen to stumble upon a site which makes its welcome package available to everybody except for those making eWallet deposits.