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Neteller is a highly reliable payment method which was launched back in 1999. Initially, the company was established in Canada, but later on, it moved to the Isle of Man. Since then, it has improved its services tremendously and today, it is one of the most used online payment methods on a global scale. Both private consumers, as well as merchants from more than 200 countries, entrust their funds to Neteller as it offers a secure and fast way to transfer funds online.

It is accepted in a number of online shops and casinos as it is considered as one of the leading payment providers. This payment method has a loyal base of customers who use its services on a regular basis as it gives them the opportunity to transfer money privately and most importantly, securely. Neteller is essentially an e-Wallet or in other words, a stored-value online account which enables you to perform various actions such as transferring, withdrawing and depositing money.

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Advantages & Disadvantages

neteller imageWithout a doubt, Neteller is one of the best payment methods which you can use in order to fund your casino account as it offers a number of advantages. Perhaps, the biggest one is that it provides a high level of convenience as it enables you to transfer money from one account to another instantly. Regardless of whether you need to make a deposit at a web-based casino or purchase goods online, you can pay right away as the transaction will be finalized within several minutes.

Another great advantage of this payment method is that it employs reliable security systems and firewalls which ensure constant protection to your financial and personal information. The company uses advanced security and anti-fraud tools, thanks to which you can rest assured that whenever you fund your casino account, your money will be transferred in a safe manner. Moreover, by using this payment option, you completely retain your anonymity because all you need to do in order to transfer money is to provide your Neteller ID and PIN.

It is observable that Neteller has taken a lot of measures in an attempt to prevent its users’ data from unauthorized access. It is one of the most trusted payment methods as it assures a high level of protection 24/7. This is the reason why it is suitable for performing gambling transactions as it offers you the reliability and protection you need. Thanks to it, it is possible to deposit and withdraw money not only instantly but also securely.

Using Neteller for Gambling Transactions

transaction imageNeteller has played an important role in the online gambling world because at one point, it used to be responsible for processing gambling transactions for more than 80% of the casino operators the world over. It was not until July 2000, that the company started processing gambling payments from players to casino operators located in different parts of the world. The fact that Neteller has been used as a primary payment method for years is indicative of its reliability and convenience.

The first thing you need to do in order to use this e-Wallet is to register which is entirely free. The whole registration process has been simplified to a huge extent and it will take you only a few minutes to complete it. In order to sign up, you need to fill out a form which requires some personal information such as full name and address. You will also have to provide a current email address at which you will receive notifications related to your transactions and a confirmation for your registration.

You will also be required to select the currency in which you want to arrange payments online. It is possible to choose from a total of 22 currencies, including CHF, DKK, NOK, SEK, EUR, CAD, USD, and GBP. It is advisable to think this matter through in advance as this option cannot be changed afterwards. When you fill out all of the needed information, it is recommended to double check it before you confirm everything.

The last step is to verify your account by opening the email you have received from the company after you have sent the form. Once you are ready with this, you can use its services instantly and fund your Neteller account via a number of payment methods. Last but not least, make sure to check the terms and conditions that apply in order to prevent yourself from any unpleasant surprises.

Fees for Gambling Transactions

fees imageMaking deposits at online casinos via this payment method is free as most casino operators don’t charge any fees and neither does Neteller. However, topping up your Neteller account is not because some fees apply. The exact percentage of the fee differs from one payment option to another but it is usually between 1% to 7%.

For instance, if you choose to fund your casino account via MasterCard, you will have to cover a fee that ranges between 2.25 – 4.95%. It should be noted that the amount you will have to pay also depends on the bank at which you have opened an account since these financial institutions have their own policies regarding this matter.

If you choose to top up your Neteller account by using Skrill, the fee that applies is 3%. In case that you opt for Trustly or Skrill, you will be charged respectively a fee of 1.95% or 3%. It is also possible to use Visa for this purpose in which case the fee you will have to cover ranges between 1.90 – 4.95%. As you can see, the fees that apply vary greatly which is the reason why it is best to check them in advance.

As for withdrawing money via Neteller, the fees that apply also depend on the payment option of your choice. For instance, if you decide to use Bank Transfer, every time you withdraw your winnings, you will have to pay a fixed fee of 7.50%. Besides the fees that apply to making a deposit and withdrawing money from and to your Neteller account, there are some other charges such as foreign exchange fee of 3.99% and cash withdraw fee of 1.75%.

You are permitted to make a maximum of ten withdrawals per day whose total mustn’t exceed $1,000.00 or the equivalent of the currency you have chosen. Also, you are limited to make a total of 50 purchases of goods or services per day whose amount cannot surpass $3,000.00. Neteller doesn’t charge a maintenance fee as long as you keep your account active. For inactive accounts, an administrative fee applies.

Processing Time

processing times imageAs it became clear, it is possible to transfer funds via Neteller instantly and securely. The fact that you can make a deposit to your casino account and receive the money within a matter of seconds is one of the things which make this payment method highly suitable for players. This global solution has changed the way many gamblers perceive online payments as it has proven to be not only efficient but also incredibly reliable.

If you feel lucky and you want to place a few bets on your favorite casino game, but at the same time, your balance is empty, it is especially convenient to fund your casino account via Neteller. The reason why is that the processing time is instant, meaning that the money you wish to deposit will become available immediately and you can use them right away to gamble online.

This payment method gives you the chance to make deposits in no time while sitting at the comfort of your home. However, as mentioned above, the processing time for withdrawing your winnings is not instant. In order to get the money you have won, you will have to wait several banking days. Nevertheless, using Neteller is worthwhile since it ensures that your financial data is highly protected all the time.

Mobile Payments

mobile imageAs a global payment leader, Neteller gives its users the chance to make deposits and withdraw money at any place and time they wish. It is possible to use your smartphone or tablet and transfer funds to your casino account in a swift and secure manner. Thanks to the user-friendly interface of the mobile platform, you will be able to navigate through the website with ease and arrange payments in no time.

Regardless of whether you wish to deposit money to a casino account, a forex broker or an online shop, you will be able to do so by using your mobile device. If you are a regular Neteller user and you pay online predominantly via this payment method, you can consider downloading and installing a suitable app, depending on the operating system of your device. Presently, there are two available apps – one for Android-based mobile devices and one for iOS-based smartphones and tablets.

You can download the app directly from either the Google Play Store or the Apple App Store and install it on your mobile device within a few minutes. Thanks to it, you can make discreet deposits to your casino account and enjoy a high level of freedom and security. It gives you the opportunity to upload funds and check your current balance whenever and wherever you wish. If you are a busy person who is constantly on the go, having such an app will definitely ease the way you make payments online.

Security at Online Casinos

security imagePaysafe Financial Services Limited is the company which is responsible for operating the Neteller service. It is a subsidiary of Paysafe Group Plc and it is regulated by the Financial Conduct Authority. The latter is an independent company which specializes in supervising the financial markets in the United Kingdom. Its main responsibilities include but are not limited to protecting consumers from potential threats and assuring that the financial markets work properly.

The fact that the company is authorized by the Financial Conduct Authority is indicative that it maintains the highest established standards when it comes to providing payment services. It uses various state-of-the-art technologies and systems in order to assure a high level of protection to its users’ data. Its customers are fully protected from financial fraud and identity theft as the company has anti-money laundering protocols.

All funds are kept in trust accounts, meaning that customers’ money is handled in the most secure manner. You can access your account at any time you wish to check your balance and use the money for gambling. Thanks to the many security measures the company has taken, your funds will be always there, waiting for you to spend them. Making a deposit via Neteller is not only extremely easy but also extremely safe.

Neteller Casino FAQ

What is Neteller?

What is the processing time for making a deposit to a casino account?

What makes Neteller a suitable payment method for gambling?

Are there any fees when paying online with Neteller?

Is there any fee for opening a Neteller account?

Which are the payment options you can use to fund a Neteller account?