Neteller (occasionally stylised NETELLER or NETeller) is the most popular e-wallet solution for players looking to deposit funds into online casinos. Reasons for their success include availability in over 180 countries and nearly 20 currencies, flexible banking methods from within the service, a professional reputation backed by Optimal Payments PLC and support from top online casinos.
Neteller Overview: Is Neteller at Casinos Good?
Neteller is one of many e-wallet solutions online gamblers use to transfer funds to and from their casino deposit accounts. E-wallets such as Neteller provide an additional security layer by keeping sensitive information in a single, convenient location.
Unlike credit card/debit cards and other casino payment solutions, obtaining a Neteller account can be done quickly and easily. To begin the process, sign up at the Neteller website (https://www.neteller.com/). Once you complete the registration form with your details, your account will be set up and ready to use. No credit checks are necessary, and you can start using Neteller for deposit and withdrawal transactions at any casino accepting Neteller immediately.
How to Deposit With Neteller at Online Casinos?
Adding funds to your Neteller account can be done in several ways, including but not limited to:
- Visa
- Mastercard
- Maestro
- Sofort
- Trustly
- Paysafecard
- Western Union
- Bank transfer
- Dozens of other options limited to specific locales
The deposit process at an online casino that uses Neteller generally looks like this:
- Visit the cashier at your preferred Neteller casino
- Pick Neteller as your banking solution of choice
- Enter the amount you want to deposit
- Complete the transaction.
Also worth mentioning is that Neteller deposits incur additional fees: you must set aside 2.5% of the amount you are depositing for most options. This is a standard fee for most banking options; however, there are payment solutions with lower commissions, even as low as 0%.
How to Withdraw Funds With Neteller?
Neteller withdrawal options are fewer, but you still get a fair share of banking methods. Here they are:
- Bank transfer
- Mastercard
- Member wire
- Merchant sites
- Money Transfer
- Skrill
- Visa
Neteller casino withdrawals work similarly to Neteller deposits. Once you have logged into your Neteller online casino of choice, follow these generalised steps:
- Launch the cashier page and choose withdrawals
- From the list of available withdrawal options, pick Neteller
- Enter the amount you wish to withdraw
- Complete the transaction
In theory, Neteller withdrawals are instantaneous and much faster than bank transfers or credit cards. However, keep in mind that real money casinos have transaction processing times, which you must wait out.
Also, remember that withdrawing with Neteller incurs additional costs. Generally, withdrawing fees start at 2.5% but can go as high as 7.5%, depending on the method.
Disadvantages of Neteller When Using It at Online Casinos
Although using a Neteller account immediately after registration is possible, you will be subject to certain limitations until you verify your identity. Although the verification process is easy, it will still take 1-2 business days before those limitations are lifted. Until then, you can only deposit money into your account, deposit to any member Neteller casino, and withdraw from any member casino. To enjoy virtually nonexistent limits, the ability to withdraw from your Neteller account, and the convenient Net+ Prepaid MasterCard, you'll need to verify your identity.
Another drawback of Neteller is the availability: even though it is available in a series of countries, it remains restricted in over 50 countries around the globe.
Finally, Neteller fees amount to the biggest drawback of this deposit method. As we said, the fees range from 0-2.5% for deposits while going as high as 7.5% for withdrawals.
Should You Use Neteller at Online Casinos?
One of the best things about Neteller is that you can instantly access your winnings with a Net+ Prepaid MasterCard. You can use this convenient tool as long as you have a verified account. Click the "Net+ Cards" link on the left side of your account panel and fill out the application. Your physical card will be sent to your mailing address within 21 days if approved.
If you'd like to use your funds to make online purchases, you can use your Net+ Virtual MasterCard before your physical card is mailed to your home. Neteller will generate a new credit card number after every 4 purchases or 47 days of transactions at a particular merchant to maintain the security of transactions.
All listed casinos accept Neteller, so feel free to pore over the casino reviews and choose a casino site that suits you best.
