Neteller Casinos
Neteller is one of the leading online casino payment methods in the world. Used to process transactions with ease and provide extra security that you will only get with an e-wallet, Neteller remains a significant player in the industry over twenty years after debuting. Neteller is an e-wallet and one which allows you to choose from twenty-six different currencies. Available in over fifteen languages, the payment provider has millions of users across the world. It is most used in Europe, South Africa, and other English-speaking countries.
Neteller has excellent global coverage, but there are always some countries where it is restricted. It is not as widely used in the United States as it was over a decade ago, and countries such as Canada, Israel, Macao, Singapore, and Turkey, alongside a good number of Asian nations, do not permit transactions with the e-wallet.
There are a few decent features worth mentioning briefly about e-wallet. Firstly, it can be used to buy and sell cryptocurrency, acting as its own exchange. Secondly, it has a premium membership which cuts down some of the fees associated with it. Lastly, Neteller VIP users can claim a free prepaid MasterCard, which is linked to their account and balance. This can also be used to top-up funds at online casinos. Neteller+ is the name of the payment provider’s premium service, which allows for better rates, lower fees, higher limits, and other perks for regular users.
About Neteller
Neteller was founded in 1999, initially in Canada. This is striking, as Canada is now one of the few countries where Neteller is no longer active in the online casino world. Neteller made the switch to the Isle of Man in 2004.
For many years, Neteller was the preferred payment method of many casino players across the USA. Its heyday was in the early 2000s when players at pre-UIGEA casinos regularly deposited with it. After being forced to leave that market in 2006, Neteller started to look elsewhere to keep its business alive. This change brought Neteller into direct competition with Skrill, the other leading e-wallet provider catering to online casino players worldwide.
By the 2010s, both this e-wallet and Skrill represented the two most popular e-wallets in the internet gambling world. In 2015, Optimal Payments reformed as the Paysafe Group and acquired not just Skrill but also Neteller. This brought the two former rivals and competitors under the same roof, alongside Paysafe’s own brand, the prepaid voucher option, Paysafecard. Today, the three services run side-by-side.
Neteller recently quit the US market for good. The move in December 2019 has seen many offshore US online casinos no longer accept the payment method. This, coupled with casinos denying bonuses when deposits are made using the e-wallet, has hampered the popularity and availability of Neteller at online casino sites. However, outside of the US offshore casino gambling industry, it still has a significant presence.
Depositing at a Neteller Casino
Neteller payments can only be made assuming you have a Neteller account. Having an e-wallet at Neteller is free of charge. After acquiring an account, you gain an Account ID and a Security ID. You can then fund your Neteller account by linking a bank account or card and “uploading” money to it. There is usually a standard fee involved when you fund your e-wallet account but depositing at casinos should be free. Most fees involved with upload to your Neteller account are set to 2.5%. It should take no longer than a few moments for your Neteller account to be funded.
Depositing into any online casino which accepts Neteller should be free of charge. Neteller deposit limits at online casinos will typically range from as little as €25 up to a few thousand euros. However, each casino may alter those limits. It is not impossible to find deposit limits of as little as €10 in some sites. Moreover, your gambling casino deposit should be immediate.
To give you a better idea of what to expect, follow the steps below….
- Join Neteller First. Head over to Neteller and sign-up for an account. This will be free. You will be given an Account ID and a Security ID. Now, you need to link your e-wallet account to whatever payment method you wish to use to top-up your balance. For most players, this will be a bank account or a VISA/MasterCard card. This will then be verified. After completing the top-up – remember, you will be charged a fee – you can start to use Neteller at casinos.
- Find a Neteller Casino. The number of Neteller casinos has dropped slightly over the last few years. However, there are still hundreds of top sites for you to play at. We can recommend a wealth of licensed, secure, and safe online casinos which are perfect for funding (and withdrawing) via the e-wallet.
- Deposit at Your Casino. Head over to the online casino’s cashier page and select Neteller as your preferred payment option. Now, enter the full amount you want to deposit, coupled with your Account ID. You will be taken to another page, where you can enter your Security ID, which will confirm and verify the deposit. You should not be charged any deposit fee for this, and the deposit should land instantly in your gambling account.
- Start Playing. As soon as your Neteller payment lands in your casino account, you are free to start playing games at the casino. Note that in some casinos, Neteller deposits are not eligible to receive welcome bonuses. This is always worth checking before you decide to play using Neteller online.
Withdrawing at a Neteller Casino
Neteller, like most e-wallets, can also be used to cash out your winnings. It is exceptionally rare to find an online casino that does not have Neteller withdrawal options if they already accept the e-wallet as a deposit method. There are perks to using Neteller to withdraw – it is one of the fastest and cheapest payment methods around.
Cashing out your casino winnings from an online casino to Neteller should be free of charge. Moreover, the withdrawal caps should be flexible and very much in the same vein as the limits set for deposits.
While it is free to withdraw your cash from your gambling account to Neteller, you may be charged a fee for transferring them on to your bank. E-wallet withdrawal fees can vary from €7.50 up to €25. Some may have a 1.45% minimum fee, and others can rise to 3.49% or have no fee at all. Ultimately, withdrawing funds from Neteller to another account all depends on the option you select.
With that said, let us show you how to cash out your winnings from a casino using Neteller. Follow these steps…
- Clear Your Wagering Requirements. If you have claimed a welcome bonus at an online casino, or any sort of bonus for that matter, then it is likely that you will face wagering requirements. You can only withdraw from online casinos provided you have cleared those.
- Visit Your Casino’s Cashier. Head over to the cashier page at your favourite online casino. There, you can select Neteller as your preferred payment method. Enter the full amount you wish to withdraw and your Account ID.
- Verify Your Withdrawal. You will be taken to a second screen next. Here, you can enter your Security ID to verify the transaction. You should not face any charge for doing this. Once the e-wallet transaction is completed, it will be pending until you have cleared the KYC process. If you have already done this, it will be processed within a few hours at most.
- Clear the KYC Hurdle. Withdrawals will be slowed down unless you clear the KYC process. This is an identity verification system. Make sure that you provide the necessary documents to clear the Know Your Customer step. Once the online casino has verified that you are who you claim to be, you can withdraw your winnings faster.
- Patiently Wait. It will typically take anything from a few hours up to two business days to get hold of your winnings. Once you have acquired them, you can choose to leave them in your e-wallet account, or you can transfer them on to your bank, again, at a cost.
The Pros and Cons of Using Neteller As a Payment Method
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Common and widespread at major casinos
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You can claim a prepaid MasterCard
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Online gambling withdrawals should be free
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Over 26 currencies available
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Use Neteller in 15 different languages
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Free to open an account
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More secure than credit card options
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Not as popular as it once was
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Fees for uploading and cashing out
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Some Neteller payments are not eligible for bonuses
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Not available to US/Canadian players
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Can prove to be costly for some
Neteller Casino Bonuses
In the past, you used to be able to claim all sorts of online casino bonuses when using Neteller. There were specific payment method bonuses up for grabs for players who deposited with Neteller, and you could always claim a welcome bonus when opting for this method. Over the last few years, things have begun to change, though.
Any bonuses you do come across should be analysed first. You can typically find out if Neteller can be used to claim deposit bonuses by reading the terms and conditions attached to the offer. If it does not specifically state that you cannot claim an offer with a Neteller deposit, then double-check that with customer support.
Neteller Casino Games
Neteller is a handy option to use when topping up at casinos. Because it only involves handing over e-wallet details and not bank card or account details, you run less risk of your data being hijacked. The added security this brings is of tremendous importance to online casino players and has helped Neteller become the giant that it is.
When playing with Neteller at casinos, you should not have any difficulties finding something to play. Many of the casinos which accept the e-wallet support games from virtually every major provider. Amongst the types of casino games that you can expect to see at these casinos are:
- Slots. Neteller provides low-cost payments, making them ideal for players who fancy playing low volatility slot machines.
- Table games. Lovers of high-roller table games can also get a slice of the action, as Neteller has extensive maximum deposit caps, too.
- Live Dealer Games. As with the first two types of games, live dealer games can be played on low-stakes tables or high-roller ones, and Neteller is well suited to enable you to fund your account with either sum of cash.
FAQS
Before heading over to a Neteller online casino to start funding and playing, make sure you have not missed anything. Below, you will find our FAQ guide, which should help you get answers to any lingering questions about the e-wallet. They include:
Neteller has a long and excellent history of providing secure payments at online casinos. The payment provider is a part of the larger Paysafe Financial Services Limited group and is FCA regulated. Any casino which is also regulated and licensed by a reputable body should be perfectly safe to play at.
