Best Neteller Casinos Online
About Neteller
It works in the same way as several other e-wallets and is well-known for its ease of use. You can simply top up your e-wallet and start making payments directly from it. This digital payment service also offers the Net+ Prepaid Mastercard. It is available only to the individuals residing in authorized countries of the European Economic Area (EEA).
It allows the Net+ Prepaid cardholders to utilize funds in their Neteller account for making online purchases on sites that accept Mastercard. Users of Net+ card can also transfer the balance to their bank accounts. However, being a virtual card, it cannot be used at ATMs or for making offline purchases.
The origins of Neteller dates back to 1999, when it was started in Canada. In July 2000, it started processing payments of online casinos for 85 percent of the gambling merchants worldwide. At the time, the company’s revenue was mainly derived from fund transfers made to the gaming companies. Many of the users were residents of the United States.
In 2004, Neteller moved to the Isle of Man, which is considered a hub of licensing for online gaming. It operated under Optimal Payments Plc and acquired the Skrill Group in 2015. This was a major transformational aquisition, as Skrill is one of the largest online payment services in the world.
In the same year in November, Optimal Payments was rebranded as Paysafe Group. In June 2019, Neteller made an exit from the United States market owing to a significant fall in revenues coming from the country.
Pros and Cons of using Neteller in online casinos
Opening a Neteller account online can be done through a few easy steps on its website. This digital payment service accepts 26 major currencies of the world. You can load money into your Neteller account from a credit or debit card issued by your bank. Money can also be loaded using about 40 other methods, but their availability may vary depending on your country.
Once your account is sufficiently loaded, you can make payments to the online merchants and manyr web-based services. You can also receive money from the merchants who have their accounts with Neteller. Now, let’s summarize the major pros and cons of using this service.
Pros:
- Deposits and withdrawals can be done instantly
- It is the most preferred payment method in many online casinos
- This payment method is known for its ease of use
- Some online casinos have special bonuses for Neteller users
- It offers a safe and secure way of transferring money online
- You can benefit from the NETELLER Knect and NETELLER VIP loyalty programs
Cons:
- You’ll be charged processing fees for certain transactions
- Many casinos won’t allow you to claim bonuses with Neteller payments
- It doesn’t have a wider acceptance compared to other e-wallets like PayPal
How Neteller compares to other payment methods?
Neteller operates the same way as its counterpart, Skrill. These two payment methods have similar fees and deposit and withdrawal limits. The player restrictions that affect the chances of claiming bonuses are also identical. Both Neteller and Skrill offer quick fund transfers, similar transfer fees, and high safety standards.
One of the top priorities for online casino players is faster payouts. While most e-wallets process withdrawal requests instantly, the withdrawals via bank wire transfers and credit or debit cards can take several days. Neteller users enjoy faster payouts in online casinos where it is accepted as a payment method.
Some casino websites also have bonuses exclusively for players using Neteller. This is something that most of the other payment methods might not offer. Besides, many payment methods other than Neteller and similar e-wallets charge higher fees. With fairly low fees charged by Neteller, the players using this payment method certainly have a major advantage.
Neteller Fees
The total amount of fees that you incur on your online casino transactions would depend on several factors. One of them is the fees charged by your chosen casino on the transactions. If there are any specific fees charged by Neteller, then it will add up to the total fees incurred. If you have a NETELLER Standard account, the fees charged for money transfers is 2.99 percent.
For NETELLER True accounts, the money transfer fees is 1.45 percent. A minimum fee of $0.50 is applicable on both these account levels. For international money transfers, the fees charged can go up to 4.99 percent. If you’re a VIP account holder on Neteller, you’ll be eligible for exclusive discounts on fees for deposits, withdrawal, and international transfers.
A minimum of $0.50 is charged for transferring money to other Neteller users. The fee structure might change according to your country of origin. However, you are not charged any fee for receiving money in your Neteller account.
How to use Neteller for online casino deposits
Before you begin using Neteller for payments on the casino websites, you’ll need to fund your e-wallet. You can deposit money in your Neteller account using cards, bank transfers, Skrill, or PaysafeCard. You can also pay using your Net+ Prepaid Mastercard after adding funds to your account using a credit card.
Once you have sufficient funds in your e-wallet, you can choose Neteller as your preferred payment method. Make sure you select an online casino that accepts Neteller as one of its payment methods. Today, you also have the option of selecting one of the exclusive Neteller casinos.
For making deposits, you’ll need to add the email ID or account ID connected to your e-wallet. Once this is done, enter the amount you want to deposit and confirm the payment. The amount will then get deposited instantly into your casino account.
How to use Neteller for withdrawals
Just like the deposits, withdrawals can also be done instantly using Neteller. All you need to do is choose Neteller as your withdrawal method on the casino website and enter the amount you wish to withdraw. To receive the amount in your account, you’ll need to wait for the casino to approve your request.
As soon as your withdrawal request is approved, you’ll get the amount in your Neteller wallet. You can then transfer the amount to your bank account or your Neteller Mastercard. These cards can either be used as e-cards online or you can order them as physical cards.
How secure is Neteller?
Neteller can be used as a safe and secure payment method in the online casinos. It uses the latest firewalls and advanced encryption technologies to protect your payments. It can be used to fund your casino account if you’re based in a country where online gambling is legal. This e-wallet can also be a swift and convenient way to deposit and withdraw funds online.
The company has been in operation for more than 20 years. This has made it a reliable payment method of many online casinos. Neteller has stringent identity controls in place. They include real-time ID verification scrubbing technology, which is used in many countries.
This helps in reducing frauds that happen often on some of the casino websites. The company also has strong relations with a few leading organizations that provide regional identity verification systems. This assures you of the best online payment security systems and fraud protection features.