Neteller is one of the biggest, most reputable and popular e-wallets in the world for online slot players. Find out more here about how to use this payment method at your favourite online casino as well as its pros and cons to decide whether it is the right option for you.
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Who is Neteller?
Neteller is an e-wallet money service that lets players send and receive money online in a safe and secure way. It is one of the most popular online money wallets in the world and is used and loved by many online casino players.
It is owned by a publicly owned British company called Optimal Payment PLC, however, it originated back in 1999 in Canada. It then moved to the Isle of Man in 2004 and has since opened up many offices around the world. With millions of people in over 150 countries using Neteller, this displays the trustworthiness and reputability of this company.
How to use Neteller to fund your online slots account?
Using Neteller to fund your online slots account is incredibly easy and players will be able to have their account sorted and money transferred in absolutely no time at all.
The first stage of the process is to set up your Neteller account if you do not already have one. This is really easy to do. Simply head on over to the Neteller website and click the Join button. The only information that you need to provide to set up your account is an email address, a suitable password and the currency that you want your account to be in. Furthermore, you will have to provide your full name, date of birth, gender, address and phone number. Once you have filled out this information you will have successfully created your own Neteller account. Verify this account through your email address and then you are ready to move on to the next stage.
The next stage of the process is to link up your online casino account with your chosen bank account or debit/credit card. We would recommend linking it up to your bank card as this monetary transfer is usually made instantly and without any hassle, whereas linking it to your bank account can cause delays in transfers as it can take a few days to process any deposits. Once this is complete you can then get started depositing cash at your favourite casino with Neteller.
Choose a Neteller casino recommended by JustSlots and create your online account there. When making a deposit, simply choose Neteller as your chosen payment option and specify how much money you would like to deposit into your online casino account. This is an instant process and you can then start spinning the reels of amazing slot games.
Pros and cons of Neteller
- It gives you added layers of security when depositing and withdrawing cash online
- The fees are not too high
- Offer fast deposits and withdrawals
- It can offer your anonymity from the banks
- There are different currency options
- You can make withdrawals using this payment option too
- Although fees are quite small, you do still have to pay money to use this service
- Not supported at every online casino
- Casinos may charge you extra for using the Neteller service
How does it measure up?
There is no doubt that Neteller must be doing something right to become one of the largest and most popular e-wallet services in the world. If you look at the pros of this payment service, it is easy to see why. The biggest draw of this payment method is the added layers of security and protection that it gives you when transferring money online, giving you complete peace of mind when moving your cash that it is safe and that you are not obliged to hand over any sensitive information to the online casino that you are playing at.
What’s more, you can also make withdrawals using this payment service and there is no hassle trying to find a different payment method to use. Plus, for fast depositing and withdrawing, there are few other options on the market which can match or beat it for this service. This is really important when you want to get started playing amazing online slot games now!
Neteller’s biggest rival in the e-wallet space is PayPal and Skrill is also a competitor too. For fees, PayPal wins against Skrill but Neteller still beats PayPal when it comes to fees for receiving money. It is widely known now that while PayPal is great for smaller transactions, for large transactions Neteller is a much better option for its fees. It is worth noting, however, that Neteller is now actually part of the Paysafe Group which also houses Skrill and Paysafecard.
Neteller is definitely a fantastic all-rounder when it comes to e-wallets in the online casino world and one that is worth trying out if it is available at the online casino you are playing at.
|Withdrawals and deposits are very fast compared to other payment services||Fees are cheaper than both PayPal and Skrill, making it especially great for those depositing large sums of cash at their online casino|
|As it Is an e-wallet, you will get the same added layers of protection that other e-wallets like PayPal provide you with||If you want the option of using different currencies, this also the best option for you as Neteller supports its players with this|
As Neteller is one of the world’s most known and popular payment methods, we hear questions about it all the time from players. Below, we have answered for you some of the most common questions that we receive!
How safe is this payment method?
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.
Are there any commission fees?
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.
How long do withdrawals and deposits take?
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.
What are the minimum and maximum amounts I can deposit through it?
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.
If I deposit with this payment method, do I have to use it for withdrawals as well?
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!