Along with Skrill, Neteller is the largest instant deposit and withdrawal token in Irish online casinos.
Given that we on Casinoble always pay attention to online security and also convenience, we have made a complete guide to reveal to you the perks of the Neteller Casinos.
If you were looking for instant and secure transactions, then feel free to read our Neteller Casinos guide and find out how to get the most out of the e-wallet for your next gambling session.
Neteller is along with Paypal and Skrill the most common eWallets used in the online casino world.
We have made a guide about Neteller for online casinos to make it clear how it works and what one would like to know.
The best casinos with Neteller are:
It is very easy to deposit funds in Neteller as long as you set up an account with them.
It is this account that you will use to make a bankroll transfer to your preferred online casino.
Now that you have the Neteller account, you have to fund it to use it to make deposits.
You can fund the account by linking it to a preferred payment option.
The payment option could be prepaid/credit/debit card or your bank account, or both if you wish.
After creating your account with the online casino, you will be required to make a deposit.
You can be redirected to the deposit page, or you navigate it yourself and choose Neteller as your preferred payment option, then enter the amount of deposit you want to make.
So long as the online casino allows withdrawal, you shouldn’t have difficulty accessing your funds for withdrawal. Withdrawal is as easy as depositing once you use Neteller. Several online casinos allow Neteller. You can find these casinos in Neteller’s list of casinos. So when you want to make withdrawals, all you need to do is visit the online casino’s withdrawal page.
Select Neteller as your withdrawal option. The system will automatically navigate you to the withdrawals page. You will then input your username and unique password.
You have to specify the amount you want to withdraw and click the submit button. Note that each casino has its own exclusive maximum and minimum withdrawal amounts. Thus, you must read the conditions and terms of a particular casino before you withdraw using Neteller.
Within a short time, like two to twenty-four hours (depending on the casino), your specified withdrawal amount will be transferred to your Neteller account. The transfer takes place after the support team of the online casino has processed your withdrawal. The faster the processing, the faster you get your money. Once your money is credited to your Neteller account, you can now transfer it into your e-wallet or bank account.
Talking about security, Neteller is one of the online payment systems you can trust.
They are renowned all over the world, particularly for their safe practices.
Neteller updates its security measure constantly by using the latest security features and anti-fraud tools.
Generally, it takes only a little time for players to transfer their bankroll to their chosen online casino via Neteller.
This is because Neteller is harmonized well with the online casinos and because this service was in the mind of those who developed Neteller to make adequate provision for it.
There are several casinos Neteller supports, so you have a wide variety to choose from.
You can also choose to opt for a virtual pre-paid Net + card or go for the Net + physical card.
Players can choose either of the two cards by simply clicking the button and use them for any online spending.
There’s more to it; you can own up to five virtual cards, with each having its life limit, currency, and name.
This gives you the liberty to use the card you find most suitable for each of your transactions.
It also helps you to be in control of your spending and manage it better.
The Neteller payment platform is generally secure. Neteller has over fifteen years of experience in online transactions.
It employs the most advanced encryption and data protection tools that keep its users safe against identity theft and fraud.
Remember, we mentioned that Neteller values discretion, so their transactions do not reflect on your bank statement.
This is the sole reason why some players choose Neteller over other payment platforms because they pride themselves on their privacy.
In some regions of the world where people frown at gambling and betting, Neteller is your best to keep your online activities confidential.
Such that you can use Neteller for your online purchases rather than using your bank account.
In summary, with Neteller, the privacy level of your transactions.
Everyone loves a fast transaction; no one wants to take the whole week stuck on one transaction.
Everything about Neteller is fast, from the account opening account to account verification, all within ten minutes.
Funding the account through the available methods also takes a little time; making deposits to a merchant using Neteller is instantaneous.
When you have funds in your Neteller account, you can use it to browse and see where you can get the best odds and choose the one you find most appealing.
With Neteller, players can access funds at any ATM around the world and withdraw money directly to their bank account.
Neteller has the solution for all your preferences.
This card allows players to spend funds they have in other accounts apart from Neteller if they accept Mastercard.
Players can equally shop online and withdraw their money directly at any ATM around the world, just like they do with their regular debit or credit card.
This Net + Mastercard can be used in eight different currencies, including SEK, CAD, DKK, AUD, JPY, EUR, USD and, GBP.
Neteller is not only used as a deposit method; players can also withdraw their funds using Neteller.
The withdrawal process is quite easy.
Neteller is one of the top e-wallets, and they do not fail to live up to expectations.
All that is required of players who want to withdraw is to choose Neteller from the catalog of various withdrawal methods available.
Then they have to input the amount they wish to withdraw.
Although Neteller does not charge a withdrawal fee, the casino may charge applicable withdrawal fees.
When they do, it is usually written in their terms and conditions.
This is why it is important to read the terms and conditions before you choose a particular casino.
When you read the terms and conditions, you see all the clauses involved in using the casinos.
For instance, if the withdrawal fee is okay for you, you can go ahead and use the casino.
These transfers generally take about one day to complete.
When you use Neteller, you will see all the fees involved in funding and withdrawing from your account.
Neteller charges around 1.9% to 8% fee on deposits depending on the banking payment method you use.
Asides from the fees Neteller charges, most online casinos do not charge additional fees.
For example, if you fund your Neteller using Nordea, they will charge you a 2% fee; if you use POLi, they will charge you between 1% and 2% fee, while if you use Trustly, Neteller will charge you a 1.95% fee.
In terms of withdrawal, the fee can be as high as 25 Euros, especially via bank draft.
On the other hand, when you make withdrawals using a bank transfer, you will be charged 7.5 Euros per transaction.
Neteller processes all their transactions instantly, or at worst between twenty-four to forty-eight hours for withdrawals.
The most convenient and cheapest option to use for withdrawals is Net + Mastercard.
Neteller was established in 1999 and is a system of payment, just like PayPal and other similar platforms.
Neteller operates from Canada.
A little after its numerous acquisitions and mergers, a global payment group in Britain, the Paysafe group, made Neteller a part of them.
Rather than having a banking license, Neteller places its focus on e-transfers to/from merchants.
Neteller primarily targets customers in forex trading groups and social network businesses.
Neteller allows its customers to make online payments aside from offering them a money transfer service.
All that the client needs to do is pick Neteller as their preferred payment method when they checkout.
Neteller gives its users a prepaid card, which they can use to pay at online stores and in physical stores that recognizes and uses Neteller as a payment option.
One of these are online casinos.
If you want to use Neteller and enjoy all their services in full, you must sign up on their website.
The account creation is free. After creating the account, Neteller will verify it using their organized verification process.
You will then be able to fund your account using any deposit method like a VISA or bank transfer.
You can then freely proceed to make withdrawals and deposits on your favorite casino and betting sites with the fund in your account.
In contrast to many other payment platforms, Neteller has gone ahead such that they have simplified withdrawals.
You can withdraw your money the same easy way you make deposits.
There are various withdrawal options you can choose from.
Choose any of these options, and your money will be available within a short period.
The method you choose determines how fast you get your money.
In 1999, Optimal Payments Limited, a renowned company, founded Neteller to provide an online alternative to conventional payment methods to the world.
Neteller was initially based outside Canada, but in 2004, they later moved to the Isle of Man.
After the move, it got listed under the British Financial Services Authority (FSA) regulations as an institution authorized to operate electronic money.
Neteller’s primary focus has always been on gambling sites. Ninety-five percent of Neteller’s income was from transactions from and to gambling merchants.
Later on, in July 2000, Neteller started processing real money transactions.
By 2005, over eighty percent of gambling merchants in the world accepted Neteller as their payment means.
Neteller also accepted customers from America and many other parts of the world.
We are particular about Americans because up until 2006, they loved to use Neteller as their primary means of payment for online gambling.
In 2006, things took a different turn when the American Congress passed a law that proscribes gambling sites in America from accepting deposits made by American players.
The law was in the form of the (UIGEA) Unlawful Internet Gambling Enforcement Act.
After the UIGEA bill was passed, Neteller could no longer process withdrawals and deposits for American players as it was now declared illegal.
The Department of Justice even charged Neteller with illegal money transfers.
Neteller entered an agreement with the Department of Justice in 2007 and agreed to repay full balances of their American customers and pay one hundred and thirty-six million dollars before the 17th of January 2008.
The agreement was possible after Neteller admitted to carrying out unlicensed and illegal money transactions in America.
The transactions were done with the intent of encouraging internet gambling companies.
The DOJ lifted all the charges they leveled against Neteller after the latter paid the $136 million in full in January 2008.
Despite the agreement, Neteller could still not transact in the United States of America; thus, their revenue reduced sharply to $44 million in 2010 from $239 million in 2006.
The loss of other structured markets such as Macau, Israel, and Canada also contributed to this huge revenue plunge.
As of today, Neteller has bounced back strongly; it is now the most used payment method apart from Skrill.
Both Skrill and Neteller offer similar services to their clients, such as dedicated VIP managers, cash-back promotions, Pre-paid Mastercard, among others.
Pros of Neteller
Cons of Neteller
It is one of the leading and most featured e-wallets in the online gambling world. Users can use Neteller to withdraw and deposit without sharing sensitive personal information with the online casino operator.
Yes, you must register on the Neteller website before you can have access to their services. But, the whole registration process is fast and does not take long.
Once you have registered, you have to fund your account using any of the payment methods available and then start making deposits on online casinos.
You also have to verify your account before you can access more deposit options and higher limits. The verification is done by uploading a copy of your ID card, passport, driving license, or other similar things.
There is a lot of flexibility when you want to fund your account because there are over sixty choices to choose from. Some of these funding options include fast bank transfer, bank transfer, cheque, Bitcoin, Boku, Trustly, iDeal, Neosurf, Paysafecard, Skrill, and Visa debit/credit cards.
Yes, all payment options come with a 2.5% fee.
Yes, you can use Neteller on the go. It functions perfectly on all mobile devices. It has a mobile app for Android and iOS devices. You can download this app from Google Play Store and App Store. With this mobile option, you can access your account and make payments anytime, anywhere.
You can log in to the Neteller website using your laptop, desktop, iPad, and mobile phones.
The procedures also ensure that all sensitive information is encrypted and stored in a secure data center. There are live agents and computer systems in this secure data center who monitor transactions and accounts round the clock.
To further strengthen their services’ security, Neteller has included the popular two-step authentication in line with recent technological advances. This authentication will require a password or a code (which Google Authenticator generates) or a 6-digit pin the provider assigns before a user can log in to the Neteller website.
This ensures that third parties do not have access to your account and reduce the chances of hacking your account.