Neteller is often referred to as “the PayPal of online gambling” because the company was originally established to facilitate secure, fast, and hassle-free transactions between operators and gamblers; Although, not always available at online casinos – but when it is, it has its definite advantages.
Read on to discover sites that are more than happy to process transactions through this eWallet!
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The original idea behind Neteller was to provide a service that makes transactions to betting companies and online casinos easy, fast, and somewhat anonymous. Even though there have been ups and downs in the company’s two decades of history, it is still the number one option for many players all over the world. So, let’s find out whether this is a good option for you to fund your account.
Neteller was one of the first eWallets, established back in 1999. The Canadian company was completely focused on online gambling transactions in the early 2000s and this is where it got most of its revenue. The first prepaid cards were launched in 2003 and a few years later they were renamed Net+.
In 2004, the company moved its headquarters from Canada to the Isle of Man and it diversified its offerings, facilitating payments to other industries as well as offering transfers between private people.
In 2015, the firm acquired Skrill and both companies are now part of the Paysafe Group, a well-proven online payments company that also owns Paysafecard. Globally speaking, this payment method– together with Skrill – is the most popular in online casinos.
Not all casinos will allow you to claim the welcome bonus with eWallet deposit methods, so check the terms and conditions to make sure.
If you don’t have an account yet, the first step is to create one and fund it. Here are the steps you need to follow:
Once you have done this and connected it to your bank card or bank account, you can get to your casino profile and follow these steps:
You may be charged a fee for all deposits, so make sure you read the small print carefully. Note, that these fees have nothing to do with the operator, they are simply service fees; Similar to other eWallets, all deposits are instant as all verification is done automatically. You’ll never have to wait longer than a couple of minutes for your transaction to reflect on your balance.
This is the perfect payment option for new players and low rollers because you can usually enjoy lower minimum deposits than many other payment methods. In most cases, the minimum deposits start at $10 or even $5, but they are never higher than $20.
Withdrawing your money through this payment method is simple:
However, it may require an extra step. You may be asked to generate an Account Reference Letter that the casino will need to see before sending through your winnings; Undoubtedly, the biggest advantage is the speed of withdrawals. After the platform has confirmed your withdrawal – this is normally not more than 48 hours – the amount will appear on your account instantly. Compared to bank transfers or credit card withdrawals that can take up to a week, this cashout speed is fantastic.
There are certainly many reasons why so many players opt for Neteller to fund their accounts. But on the other hand, there are some limitations to this method too. Let’s look at them.
Pros | Cons |
✅Instant withdrawal times after the processing period | ❌Neteller charges fees for deposits and withdrawals to and from your bank account or credit card |
✅Secure, encrypted payments | ❌Sometimes not accepted as an initial deposit method |
✅The casino doesn’t get your credit/debit card details or bank account information | ❌E-wallet deposits aren’t always valid for welcome bonuses. |
✅Anonymity – gambling transactions won’t show up on your bank account | |
✅No fees are charged by the casino |
|
Many people have a Neteller account simply for their gambling transactions. This helps players budget their money, stay within their limits and keep the amount they have spent off their bank statements.
When it comes to casino bonuses, there are pros and cons of using this as your chosen payment option. It can be extremely quick and efficient for claiming the offer, but sometimes it can’t be used to claim welcome offers.
Like most other eWallet, some casinos are wary of offering bonuses using this payment method because it is not backed by a bank or other government-regulated financial institution. Operators want to make sure that players don’t claim welcome packages more than once (bonus abuse), which is easier to prevent when using debit and credit cards.
Occasionally, some platforms do offer Neteller-specific casino bonuses, but truth be told, these are rare. When we find them, we make sure we display them for our readers.
Check out the minimum deposit of the casino bonus. It may be higher than the e-Wallet minimum. Make sure you deposit enough to claim your offer.
Neteller is a great option, but if you don’t wish to open an account, then there are alternatives; If you are looking for an eWallet option you could opt for:
Other alternatives include:
This eWallet is one of the most popular banking methods for international gamblers and is becoming increasingly popular in the US – having been in operation for two decades. Its biggest advantages are its speed, its security measures and being free.
Obviously, you will need to double-check whether you can claim your welcome bonus if this is your first choice, but if you can, this offers the very best gambling experience from deposits to withdrawals.
No, not at all online casinos, but it is generally becoming more widely accepted across the globe.
Opening a new account is easy, and it only requires 3 steps. Once you are done, you can link your debit/credit card to your account or fund it with either one of these methods.
No. Casinos will not charge you a dime for making a deposit. However, there may be service fees for funding your account.
Yes, no matter how you make a deposit, you will be able to play all games on the site although you may not be able to claim a bonus with this method.
Many countries now accept this as a valid payment option. Online casinos that are licensed in Canada, the UK, Malta, Australia, Germany, Sweden, and the US are among the ones that welcome it.
If you make a deposit using Neteller, this will also be your method of withdrawal – and your funds will be credited directly into your account. After the processing time, it should be received within minutes.
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