The number of e-wallets has grown exponentially in recent years and while most of them are used in all industries, some of them are industry-exclusive. Neteller is a good example of a modern payment method that is mostly focused on gaming enthusiasts, enjoying widespread popularity amongst players that love to make a wager on games of chance.
Neteller has managed to build itself an excellent reputation for both speed and security, with the major advantage of not needing to share your personal details with the recipient, in this case the gambling site’s cashier. In this guide you’ll learn more about the online payment method and why players from all over the world have moved towards Neteller.
About Neteller
Neteller was established in 1999 in Canada but moved its main office to the Isle of Man a few years later in 2004. Now operating from the European island, Neteller has found its way to gambling platforms from all over the world, available on many banking pages of international casino operators. Accepted in more than 200 countries and 26 major currencies, Neteller is well-known among gambling enthusiasts with all sorts of bankrolls.
Acquired by the UK based Paysafe Group (including Paysafe and Skrill), the company is now part of a payment processing oriented group that enjoys a lot of popularity in Europe and far beyond. Neteller is considered as an easy to use, flexible, and safe processor of online monetary transactions — allowing players to transfer money to online casino accounts and back. In order to do so, players need to open an account first which can be done online.
Neteller at Online Casinos
To sign up with Neteller is simple, users can sign up for a free account on the Neteller website and then simply add funds to their account. This can be with another banking solution or via a standard bank wire transfer. As this does mean an additional step, many gambling enthusiasts have a preference for this solution due to its discreet character.
For the rest, Neteller works as a standard e-wallet which doesn’t make it very different from other payment methods out there that are oriented towards online transactions.
Once they do that, gambling enthusiasts will be able to deposit funds or withdraw their winnings in their currency of choice as the online payment system supports a wide range of some of the most used currencies, including EUR, USD, GBP, JPY, CAD, AUD, and NZD. The great majority of casinos accepting Neteller are licensed by international gambling regulators adding an extra layer of confidence to the banking solution’s overall web security policy. Neteller on their end are also known to only engage with trustworthy companies as well as they don’t want to have their company reputation affected.
How Does Neteller at Casinos Work?
For a player to get started at an online casino, they will need to create an account first after which the credits can be topped up. The credits are then transferred to one’s casino account by going to the payment page of the casino. Here Neteller can be selected for the transaction with some sites offering the opportunity to make it the default method as well. In order to complete the transaction players will need to enter their account details which consist of an ID and the password. The amount needs to be filled in after which the transaction will need to be confirmed and completed. Like most other online payment methods, players will instantly have access to your deposited funds in their accounts.
Neteller is also available as a means to withdraw winnings with the steps resembling that of depositing funds, making it straightforward and easy to understand. Different from the deposits, withdrawals do require a bit more of your patience as it can take up to a few working days for the transaction to be completed. In this aspect, it doesn’t change that much from a bank transaction, rather than not seeing in the bank statement where the money comes from as there is an intermediary between the casino and the bank account. The Neteller account holder can eventually transfer the funds from Neteller to their bank.
Why Would Casino Players Opt For Neteller?
This brings us to our next point, that of why users would opt for Neteller in the first place if the withdrawal processing time is not very different from a bank wire transfer and an additional step needs to be performed. Well, let’s say that some people have a strong preference for being discreet when it comes to online gambling activities. Online gamblers and bettors get to retain their anonymity with Neteller when playing for real money as only the Neteller ID is used when making the transaction.
In addition, transactions carried out via Neteller are safe and secure as well, so there is no need to worry about web security. Furthermore, users now also have a choice from two types of the Neteller prepaid cards, with a physical Net+ by Mastercard being one of them. This card is reloadable and gives players the chance to make online purchases at millions of landbased locations. Directly linked to your e-wallet, the card gives players 24/7 access to their funds with even the option to make use of it at physical ATMs. This is a major advantage as this gives the banking method the same functionality as a debit card.
