Neteller as Online Casino Payment Method

Neteller was one of the first payment methods that can send and receive money through the internet. Originally, it was used as a payment method in international online poker. These days, Neteller remains one of the popular choices in many online casinos. In fact, the number of users around the globe is still growing each day. With the increase in the number of e-wallet casino users, Neteller is still topping the list among the financial service providers available. This article has the information that you need about Neteller and how it can be used to play your most loved online casino games.

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Since its founding in 1999, Neteller has attracted many clients as it offered an alternative form of payment method. Its primary focus is to provide financial services with speed and security. Neteller is still considered to be one of the largest and safest independent money transfer businesses on the planet. As such competitors sprung up like mushrooms. Yet, with determination and truth to their promise, Neteller has been one of the favorites of online casinos.

History

Neteller was established in 1999 in Canada. It was then transferred to the Isle of Man in 2004. It was originally serviced by Optimal Payments Limited. Eventually, the name was changed to Paysafe Financial Services Limited. For more than 10 years, Neteller has provided a fast and secure method of financial transactions to both individual and commercial accounts. These days. Neteller is one of the world’s largest independent money transfer businesses that processes over $1 billion worth of transactions every year.

Paysafe Group PLC is authorized by the Financial Conduct Authority (FCA) for the issuing of electronic money. Up to now, Neteller still maintains a high standard in terms of providing services around the world. It makes use of state-of-the-art security measures and Anti-Money laundering protocols. An example is the 128-bit encryption technology that is also used by other known financial services. It also comprised of identity verification and real-time transaction monitoring to protect users from fraud and theft. There are several branches of the company in the world, including two in Canada, two in London, one in New York, and also in Mauritius and the Isle of Man.

In 2000, Neteller has started processing online gambling payments. The company mostly catered to U.S. residents and processed payments for 85% of the world’s gambling merchants. As a matter of fact, most of the revenue of the company came from fund transfers to online gaming firms. There was also a point in time that the U.S. accounts became restricted as the company exited the U.S. It was in 2007 that the restriction was lifted. Eventually, the company decided to diversify. Customers of Neteller were given benefits, especially those with VIP memberships. This includes rebates on the transfers made with the use of the Neteller account.

Neteller is highly popular in the online gambling industry. The accounts can be set to 26 major currencies and money can be loaded into the account with a banktransfer, credit/debit card, and other popular methods. The money deposited in a Neteller account can then be used to pay merchants. Likewise, the account can also be used to receive payments from other merchants that employ Neteller. Examples are online casinos, insurance, and video-gaming payouts.

There are good reasons why many gamblers prefer Neteller over the other financial services providers:

  1. State-of-the-art security measures like the tools against fraud and the 128-bit encryption technology. These protect any of your personal and financial information.
  2. Neteller supports different ways to make deposits and withdrawals. Poker rooms also offer interest-free payments.
  3. Withdrawals with a Neteller debit card are easy and fast. Luckily, Neteller is available in many online casinos especially reputable ones. There is a high chance that Neteller can be found on the list as a payment option.

Deposit/Withdrawal – how does it work

Using Neteller as a payment method is one of the easiest in the industry. Here’s how you can use it to deposit payments for online casino games.

  • Making deposits at a Neteller online casino is simple. The first step is to create a Neteller account which is free of charge. You will also need to provide your email address, create a password, and choose the currency you prefer. In addition to these, you will also be asked to provide other demographics, such as your name, birth date, gender, address, and phone number. After these, click “Open account” to submit your details.
  • Verify the email address you have provided to set up your Neteller account.
  • Link your Neteller account to a payment option. Examples are your bank account, debit/credit/prepaid card. These methods of making deposits come in different terms and conditions that each player should be familiar with.
  • Choose a Neteller online casino and create an account.
  • Once you have chosen an online casino, create your account and you will be redirected to a deposit page. Choose Neteller as a payment option and choose the amount that you want to deposit.

Withdrawal is likewise easy. All you have to do is choose Neteller as a withdrawal option. You will then be transferred to the withdrawals page where you will be prompted to input your username and password. Choose the withdrawal option and specify the withdrawal amount desired, the minimum and maximum amount of withdrawal depend on the online casino. It is therefore smart to read the “terms and conditions” of the casino. Once the money is in your Neteller account, you may then transfer it to your bank account.

These show the convenience of using Neteller as a payment option. Just like any other financial services provider, choosing Neteller comes with its pros and cons. Some of the advantages of using Neteller are:

  • Your identity will not be compromised because of the security features. All transactions appear in an online statement.
  • Easy to use when it comes to making deposits and withdrawals.
  • Some online casinos offer promotions to Neteller users giving them an opportunity to make their money go further.
  • Neteller makes use of the highest grade of security protocols to protect all users from fraud and theft.

However, the downside of Neteller is common with other e-wallet providers. For instance, most online casinos prevent new customers to claim the welcome bonus using Neteller as a payment option. There are also fees to be collected on certain transactions. So be sure to check the policy of the online casino.

Every payment method has its respective benefits and drawbacks when it comes to being a payment option for online casinos. It is therefore your choice as a gambler which one will suit your needs. These days, e-wallets such as Neteller, PayPal and ecoPayz are by far the most popular ones.

The Neteller VIP System

Gamblers, who subscribe to the VIP program of Neteller even receive bigger rewards. In addition to getting exclusive discounts on deposits and withdrawal fees, gamblers who are in Gold, Platinum, and Diamond VIP programs receive higher limits on all transactions as well as a dedicated VIP manager who can assist with any concerns. Moreover, gamblers may also avail of the VIP chat service that is available 24/7.

We all know that customer support is very important, especially for those who are in the VIP system. The team in charge of providing customer assistance provides a strong support network for online casino players. They provide assistance to loss of cards, on how to get started, making deposits, and withdrawals. You can also check the website as it offers the customers e-mail and telephone support about anything that concerns Neteller. This is a guarantee that Neteller will provide a full spectrum of financial services that will give every Neteller client a wonderful experience whenever they play their favorite online casino games.

Neteller users can likewise earn reward points for every transaction and redeem them for cash later on. If you think this is not enough, Neteller VIP members are given extra personal attention by the Neteller team. VIP members will be given with annual Reward Point bonus for every year that they still choose to stay with Neteller.

Is opening an account with Neteller free of charge?

Yes! No fees will be collected when you open an account with Neteller.

Am I entitled for a Neteller Casino Bonus when I sign up?

Yes and No. Some Casinos may let you get a bonus when using Neteller as a deposit method. Always read T&C or ask the Support., You will be able to cash in on an online casino bonus when you deposit money using Neteller.

Are my personl information safe with Neteller?

Neteller is one of the safest payment options to use. It also makes use of technology that will protect all of your financial and personal information from fraud and theft.

What are the currencies supported by Neteller?

Neteller supports a wide range of currencies. These include USD, Euro, Swiss franc, Krona, Ruble, Zloty, Sterling, Australian Dollar, Canadian Dollar, New Zealand Dollar, Danish Krona, and the Norwegian Krona.

Can I withdraw my earnings using Neteller?

Yes. Most Neteller casinos allow withdrawals using this payment option.