Using Neteller as a Casino Payment Method
What is Neteller?
‘Fast, simple and secure online payments’. This is how Neteller markets its services online in more than 10 years of its operations. As one of the leading providers of secure money transfer services online, Neteller has build one of the most secure and respectable platforms, processing billions of dollars in diverse industries, from e-commerce to gaming. As a financial service company, individuals can count on Neteller to pay for products and services online and money transfer. The services of Neteller will primarily work for individuals, business owners and casino players who want to pay with confidence online, even in platforms where credit and debit cards are not accepted. Partner websites will generally feature the name or icon of Neteller, and it’s a proof that it will process Neteller payments. With Neteller, individuals can fund the account using multiple payment facilities, at low fees. The amount of fees to be covered will depend on the partner payment entity, and fees will range from a low 1 percent (iDEAL and Bitcoin) to 8 percent (Yandex Money). Funding the account can come free of charge, provided that the funding is through an international bank transfer.
There are other administrative fees that may be covered by the individual, depending on the preferred transaction. For example, Neteller charges administrative fees for inactive accounts, and it may also impose foreign currency charges of 3.99 percent, for all Neteller transactions that may involve currency exchanges. Neteller makes it possible for individuals to transact business with different websites, including online casinos. Whether the player wants to join a poker club, or play instant win games and bingo, Neteller allows the funding of these accounts, and the platform can also be used in withdrawing the winnings.
In all these transactions, Neteller makes sure that the procedures and steps taken are above-board. This is in compliance with the Electronic Money Regulations 2011, 900015 and as authorized by Financial Conduct Authority. Also, the company set electronic and physical security standards to ensure that its transactions and operators will comply with anti-money laundering protocols and laws, and customers and VIP members are always protected from fraud.
Neteller brings 10+ years of experience in the business of payment and money transfers online, and processes billions of dollars yearly for merchant and individual accounts. Owned and operated by Paysafe Financial Services Limited, Neteller is now a major player online when it comes to online payments and money transfers.
To use the facility, anyone can create a free account. Joining Neteller for free requires the submission of certain personal and financial information like e-mail address, your password, other personal information and the preferred currency. Once an account has been created and confirmed, then that’s the time individuals can fund the account. Neteller currently supports 59 payment options and partners that can help promote customer flexibility. Each deposit option comes with its own fees and rates, and these are displayed prominently on the site. Also, if one wants to use the Neteller facility online like in a casino, instructions about fees and conditions are also prominently displayed.
Withdrawing funds from Neteller can be facilitated through one of the five payment facilities. Customers can count on bank draft, bank transfer, member wire, merchant sites and money transfer for withdrawal.
The company is owned by Paysafe Financial Services Limited, a member of the Paysafe Group. The Neteller services is offered to customers in more than 200 countries, and members can count on money transfer services, a secure alternative to credit card transactions. Neteller and the Paysafe Group maintains a number of offices in different parts of the world including the Isle of Man, Montreal (Canada) and United Kingdom.
Funding Your Neteller Account
To start using Neteller, a customer must fund the account first. Signing up for an account takes less than a minute, and fund transfers can be facilitated using a number of options that can be considered when funding the account are Abaqoos, AstroPay Card, Bitcoin, Euteller, international bank transfer, debit and credit cards, leading banks like HSBC, Skrill Visa and a few other options. Transferring money to the Neteller account comes with standard charges, and may range from 1 percent to 7 percent. International bank transfers come free of charge with Neteller.
Withdrawing from Your Neteller Account
Neteller allows customers to withdraw their winnings using a number of withdrawal options. Reminder: One can only withdraw once the account has been verified. The processing times and fees will depend on the withdrawal option. For example, a bank wire transfer or member wire can take 5 to 10 days, but if the customer’s bank is within Europe, the amount can be withdrawn directly to the bank, after usual verification standards. Processing fees apply for Member Wire withdrawal, like EUR 10.5 and AUD 15. Neteller also imposes currency conversion fees of 3.00 percent, applicable to transactions that require a change in currency.
Using Neteller In Online Casinos
Casinos allow its customers to easily use Neteller for funding accounts, and in withdrawing the winnings. Customers are advised to check their preferred online casino for the specific steps on how to fund the account using Neteller, and how to withdraw funds. Certain deposit and withdrawal limits may be in place, depending on the terms set by the casino operator. Find an online casino allowing you to deposit via Neteller, today!
Neteller Pros and Cons
Neteller by Paysafe is one of the most trusted platforms online when it comes to online payments and fund transfers. Signing up is free and will take less than a minute, and account verification comes for free as well. Funding the account is easy, thanks to more than 50 partner facilities, including Visa, Skrill, international banks and online wallet providers. Using Neteller has its own set of problems, like the charges and administrative fees. The site charges 3.99 percent for currency conversion transactions, and some funding options come with a 7-percent administrative fee. But if these fees are too much, customers can opt for international bank transfers that come for free.
Neteller currently offers a VIP account, catering to premium users and high-rollers in casinos that require VIP support, fraud protection and a dedicated customer support. This new service and the decades-old premium services of Neteller makes it one of the top players online.
Find an online casino allowing you to deposit via Neteller by using our excellent filtering and sorting system here at HitCasinoBonus.
Read our guides on all other most commonly used casino payment methods. We’ve gone through their requirements on deposits and withdraws, how to best make use of them, and their pros and cons; choose your guide below and become a better player, today!