Banking Method: Neteller

Being an online e-wallet, the Neteller payment option couldn’t have gone hand in hand better with online casinos. Once you link your Neteller account together with your online casino account, you are ready to start playing instantly. Make sure that you have a balance on your Neteller account that you can carry over to your casino account by linking to your bank account or credit card. 

The best thing and the main benefit about using Neteller at online casinos is that depositing and withdrawing funds is instant. This means that there are no tedious time frames like with the bank transfer option to keep track of. Simply select the amount you wish to deposit and withdraw and you are good to go. Aside from being super fast, Neteller is also one of the most safest options to use due to its encrypted connection with the online casino it is being used at. Some casinos might charge a fee when withdrawing your funds, but these are usually low and very manageable. 

However, there are still some downsides regarding using Neteller as a payment method at online casinos specifically. Some casinos do not allow players to make use of certain bonus promotions like welcome packages and match up bonuses is they use Neteller. The same usually goes for using Skrill as a deposit method. Always read the terms and conditions first before deciding to use Neteller in order to activate a casino bonus. 

  • Fees
    1% - 5%
  • Deposit
    Instant
  • Cashout
    Instant to 3 days
  • Overall Rating
    9/10

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Fees for Neteller

Neteller is one of the low-cost options available on the market that allows you to move money without paying an arm and a leg. Signing up and creating your Neteller account is free and it will remain free as long as you maintain a regular balance and remain active on your account. Similar to Skrill, Neteller will start charging you after 14 months of inactivity. The good thing is that in you 13th month of no activity they will notify you of the additional cost that will be attached in a month’s time. 
If you’re looking at making transactions that involve a currency conversion then Neteller will add a 3.99% fee to the average daily interbank market rate. This fee is added as a foreign exchange processing fee that protects against any fluctuations in the exchange rate. 

When making deposits you will only be able to do so fee free via Local Bank Deposit and International Bank Transfer. The fees for funding your account via other deposit methods range from as little as 1% via methods like Bitcoin and iDeal to as high as 8% via deposit methods like Yandex Money. Most deposit methods have low fees attached ranging from between 1% - 5% at the most. 
Withdrawal fees are free via Merchant sites but can get quite expensive. Money Transfer withdrawals are charged with a 1.9% fee that is capped at $20. Member Wire, Bank Transfer and Bank Draft have added fees of between 7.50 EUR to a maximum of 25 EUR via Bank Draft. 

Deposit and cash-out times

Neteller is one of the top e-wallet choices online because of its security, convenience and heaps of rewards. It is especially popular among online casino players because of its fast deposit and cash out times. Deposits are generally instantly processed and will show in your account either immediately or within a few hours. Withdrawals on the other hand depend totally on the preferred withdrawals method. It can either take 24 hours or a couple of business days for processing. 
Depositing or withdrawing with your Neteller account at any online casino is generally instant. Therefore it would be wise to sign up with Neteller to get the best and more rewarding gambling experience. 

Security

Neteller boasts as being one of the most trusted online payment systems in the world. The company makes use of the latest anti-fraud tools and security features to ensure that you get the best and most secure experience at all times. Neteller is a UK Financial Conduct Authority (FCA) authorised company. They go the extra mile and guarantee that your entire account balance is kept in trust accounts. 
The site also makes use of SSL digital encryption technologies to ensure that all your private and sensitive information is kept confidential. One of the respectable aspects of Neteller is that they don’t just guarantee your account safety, they also encourage you to take extra security measures of your own. Especially if you are a frequent online shopper or online gambler you will know that things can go wrong at any time no matter how protected you think you are. Where most companies assure you, you are safe it’s refreshing to see a company that encourages you to go the extra mile in an effort to add another layer of security to your account. 

Rewards

As a member of Neteller you are guaranteed to get some of the best rewards. Not only will you qualify for even bigger bonuses on most online casinos, you’ll also get to cash in on Neteller Reward Points. Each time you move money from or to your account you will receive points which you can then later on redeem for cash. These reward points are just the cherry on top considering most online casinos have their own loyalty reward system as well as additional Neteller exclusive promotions. So over all if you play at online casinos using your Neteller account you’ll reap the rewards in multiple ways!
Neteller also has an exclusive VIP Reward System that is broken up into 5 levels namely Bronze, Silver, Gold, Platinum and Diamond. The higher you climb on the VIP ladder the bigger your benefits and rewards will be. To obtain VIP status you need to transfer a minimum amount of at least $10,000 a year to merchants. Doing so will get you Bronze VIP status which means you will have higher limits, more reward points and lower send money fee caps. Diamond level is the highest you can go and comes with the lowest fees, a dedicated VIP manager, limit increases and next day pay-outs. Never has VIP status been this rewarding!

Support

With almost two decades in the industry Neteller pulls out all the stops to ensure that each and every client walks away satisfied and with a smile on their face. The E-wallet service has a superb customer support team that are dedicated to answering all questions and queries and solving all problems. Before you try and contact the team you can always take a look at their FAQ section first. In this section you will find detailed answers on all the most frequently asked questions. To make it even more convenient, Neteller has added a search bar where you can enter your question and get related feedback in a couple of seconds. 
If the FAQ section doesn’t leave you satisfied or smiling you can contact the Neteller team via Telephone or email. Neteller is also keeping up with the times and can be found on social sites like Facebook, Twitter and YouTube. Give them a like or a follow and stay up to date with all the latest developments. You can also contact them via their social sites and they will get back to you swiftly. 

Payment options

Out of all the e-wallet payment systems available online Neteller is the easiest to fund. You can clearly see they strive to lead in the online gambling industry and provide users with a host of payment options to fund their account with. These include exito, AstroPay, Banamex, Banco Do Brasil, Banco de Occidente, Banco de Chile, Bitcoin, Boleto Bancario, Pay by Mobile, DineroMail, Epay, Eps, Visa, Mastercard, debit card, iDeal, Euteller and Giropay. These are to name but a few of the over 60 payment options available to fund your account. 
When it comes to withdrawals you can only do so via 5 secure methods which include Bank Draft, Bank Transfer, Member Wire, Merchant Sites and Money Transfer. 

Special Features

Neteller is one of the few e-wallet services that come with a Net+ MasterCard. You can always stick to the normal online purchasing or you can opt for a plastic Net+ Prepaid MasterCard or the Virtual Net+ MasterCard. If you read through the entire review you will see that Neteller has received multiple awards for the Net+ Prepaid MasterCard. 

With the Net+ Prepaid MasterCard you can physically withdraw cash from MasterCard ATM’s worldwide and pay in any shops that accept MasterCard’s. You pay a once off fee for the shipping and handling of your Neteller card and 1.75% fee for withdrawals via any ATM which is already lower than the cost of other types of withdrawals. 

Awards

Neteller might only have 18 years of experience but this e-wallet service provider has been collecting rewards for various offerings. For their Neteller Affiliate program they received the Best Payment System award from the IGB Affiliate Awards from 2008-2010 and again in 2012 and 2014. That’s 6 years of awards for this service alone. 

For the Net+ card they’ve also racked in a few impressive awards starting with the Best New Prepaid Card Product Launch awards in 2009. In 2010 they were awarded at the Prepaid Awards for having the Best Prepaid Marketing Campaign. In 2011 they received the Best Prepaid Card Innovation Award from the Prepaid 365 Prepaid Card Awards. In 2013 they received the Best Youth Prepaid Card Runner Up title at the Prepaid 365 Prepaid Card Awards as well as the Best Online Shopping Prepaid Card Runner Up title. Their Net+ card was also named the Best Gaming Prepaid Card for 5 years in a row at the Prepaid 365 Card Awards. It was also named the Best Free Prepaid Card in 2012 and 2013 and was a runner up in 2014. They were also awarded the Best Privacy Prepaid Card title in 2014. These are just some of the rewards the company have collected for their Net+ card alone. 

Other company related awards they received included the Regional Payments Solution of the Year at the EGR Awards in 2013 as well as the International Company of the Year at the AIM Awards 2013. Keith Butcher was also named Finance Director of the Year at the Grant Thornton Awards that same year. In 2014 Neteller was awarded the Winner of Payments Solutions Provider Company of the year title at the Gaming Awards and Joel Leonoff was voted CEO of the Year at the UK Stock Market Awards. It just shows that excellence seeps through every corner of the company. 

The virtual Prepaid MasterCard is not physical but you get to create virtual card details from your Neteller account and use them at any online shop. Creating the Virtual Prepaid MasterCard within your account is free. If you opt for more than one virtual Prepaid MasterCard you will pay 2.50EUR per card added. Overall, the Net+ Prepaid MasterCard is the best option and it will save you a lot of money, time and effort. You are also guaranteed instant withdrawals with this card. 
Sign up at www.neteller.com today and create your free account to start cashing in on those extra online casino gambling awards!

When it comes to e-wallets and e-commerce companies, Neteller is one of the most popular. The company was founded in 1999 and is operated and owned by Paysafe Financial Services Limited. For over a decade Neteller has made moving your money online fast, simple and secure. You can make use of this service to pay online, transfer money anywhere in the world and access your funds instantly. 

 It’s no secret that Paysafe Financial Service Limited is also the parent company of Skrill formerly known as Moneybookers. Both these e-wallet options have only grown from strength to strength over the last few years. These payment methods are highly popular especially in the online casino world where as a player you are assured of getting something extra via Neteller. 

Conclusion 

Neteller specifically knows how important it is to provide users with a safe and secure experience. This is why you’ll find that it is the perfect solution for secure and private transactions. It’s also one of the easier ways of making payments. Being a Neteller user brings with it a host of benefits and rewards that will leave you with a little extra on the side especially if you are a frequent online gambler. 
Neteller might have launched in 1999 but only started processing online gambling payments in July 2000. With the simple move to make its product available to the online casino industry the business quickly catapulted to the top. It started by processing payments for about 80% of the world’s gambling merchants which lead to 95% of their revenue being derived solely from online gaming firms. In that time most of the users were U.S. residents. 

Unfortunately there were some difficulties that lead to Neteller having to exit the U.S. market. The only way up and out was to diversify their offering. Despite efforts the company revenue fees fell from $ 239 million in 2006 to a low $61 million in 2010. The good news is that all the legal issues were being sorted and now Neteller is still one of the biggest and best methods to use when it comes to online casino transactions. It’s also an extremely convenient online payment source that can be accessed from anywhere at any time on any desktop, tablet or mobile device.

 If you are an avid online gambler or looking to become part of the online gambling community then Neteller would definitely be one of the most recommended and safest payment options to do so with.