Like rivals Skrill (we say rivals even though Skrill and Neteller are now owned by the same company – Paysafe) Neteller built itself up with the reputation of being a safe and secure method of transferring money across the internet from your bank account or card account to an online casino. If a player is using an eWallet to transfer money to an online casino and they are not using PayPal or Skrill, then the chances are they are using Neteller.
Neteller commenced its life as an online payments provider solely in Canada. As it grew to be successful it decided to expand its operations and sought a more international status plus beneficial taxation rates. For this reason and a few others the company moved to the Isle of Man in 2005.
The main reason for Neteller’s success was their concentration upon online gambling. At the peak of the firm’s success in 2000 around eight out of every ten money transfers to an online casino was performed using Neteller, and nine out of every ten Neteller transfers was for online gambling purposes.
Neteller was eventually purchased by Optimal Payments (now Paysafe) who themselves purchased Neteller’s main rivals Skrill in 2015.
IMPORTANT! A number of online casinos do not allow you to use deposits via Neteller as funds to meet wagering requirements for bonuses. If you want to us Neteller for funding bonus requirements make sure you check the offer’s terms and conditions thoroughly.
Why Use Neteller at Online Slots Sites?
The major of online transactions involving money are perfectly safe as they are thoroughly encrypted. However, there is always the chance of data breaches at major financial organisations which will see your sensitive details fall into the hands of the very kind of people you do not want to your information to fall into.
Because of this you may want to keep your financial information to yourself as much as possible. Instead of sharing it at a number at online casinos, why not simply share it at one place – your Neteller account? You can then fund your Neteller account as you see fit and start using it at as many online casinos as you wish to join and wager at.
- Much less risky that using your card/bank account at multiple casinos
- You can use your Neteller account at many other online places
- Limit your wagering by keeping limited funds in your Neteller account
- Using Neteller does come with fees
Is it easy to use Neteller at Online Slots Sites?
The initial task in making deposits using Neteller at online slots sites is to set up a Neteller account in the first place. Fortunately this is extremely easy to do. All you need is an email address and a source of funding. Head to the Neteller site online and complete the sign-up process. You will need to validate your account via your email before you can use it any online casino.
You can at any stage choose the source of funding for your Neteller account. This can be anything from your bank account to a card account. You can even use other eWallets or pay cash in directly at certain retailers.
The final step is to fund your online casino account via Neteller. Go to the cashier at the online casino you are using and select Neteller as your deposit method, if it is available. Choose the deposit amount and click the confirmation button. You should then be sent through to your Neteller account to login and approve the transfer.
You need to have made at least one deposit from your Neteller account if you want to withdraw to it. Again, head to the cashier and select the amount you want to withdraw and choose Neteller as your payments method. As you are putting money into your Neteller account as opposed to withdrawing from it you may not need to okay the transfer.
Withdrawal times can vary. In real terms a withdrawal should be processed just as speedily as a deposit, but online casinos love to add delays. There is no way that a Neteller withdrawal should take any longer than three banking days.
Neteller is not a free service and transfers do come with fees. Your online casino should though fail to add on fees for using their withdrawal services. If they do then we recommend using a different online casino.
A. Neteller is very safe and you could argue that it is actually safer to use than buying with your bank card or making a bank transfer. They use only the best SSL encrypted technology to ensure that your money is safe when passing from account to account and when using this trusted company you do not have to worry about any security breaches to your account. If you want to go that one step further, you can also set up a two-set authentication process to ensure there definitely can be no breach of your account.
Furthermore, when you use Neteller, you do not have to worry about handing over your details to the online casino that you are playing at and your money is always in your e-wallet when you need it as they are authorised by the UK Financial Conduct Authority.
A. Neteller does have fees associated with it but these can vary depending on your bank, payment method and the online casino that you are playing at. Depositing into your Neteller account can produce a fee of anywhere between 1% and 8% while withdrawing your funds from your Neteller account is usually around 2%. Always double check these fees before making a transaction with your Neteller account so you are aware of exactly how much you will be paying.
There are no admin fees with the payment method Neteller as long as you are using your account and it is active.
A. Withdrawals using Neteller are usually carried out quite quickly, but this does depend on the online casino that you are playing at. It can take anywhere from 2 to 24 hours and how fast this is comes down to how quickly your online casino processes this.
A. The minimum deposit you can make with Neteller is usually around £10, or the same in your equivalent currency, and the maximum is up to £50,000. However, how much you can deposit from your Neteller account into your casino account varies depending on what online casino you are playing at.
A. You do not have to use Neteller to make a deposit, but you can do so if you wish to. This is just as simple and easy to do as depositing cash, but first make sure that you have met the online casino’s withdrawal terms and conditions before trying to withdraw any money. Visit the withdrawal page of your online casino and when choosing a withdrawal payment option, choose Neteller. Specify how much money you want to withdraw from the online casino and confirm this. It will then take between a few hours and 24 hours for the money to appear in your Neteller account. Once your money is in your account, you can then transfer this to your bank account to spend as you wish!
When it comes to funding your online casino wagering (and in a responsible fashion) there perhaps is no better way than using an eWallet, and Neteller is one of the best eWallets available. It comes with minimal fees and helps you to add an extra layer of confidence to your online casino transactions. Why not open up a brand new Neteller account for yourself today?
Neteller Slots Sites:
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