An Intro to Neteller Casinos
Introduced in 1999 as one of the first e-payment solutions in the world, Neteller has built up a massive portfolio of both partners and customers since then. The company originated in Canada but then moved to the Isle of Man in 2004. During that same year, Neteller did their IPO with a contributed capital of around 70 million dollars.
Widely regarded as the second most-used e-payment solution provider for online casino sites, Neteller is a part of the highly popular conglomerate, Paysafe group. Paysafe Group also owns the e-wallet platform, Skrill. Both platforms, Neteller and Skrill account for billions of euros in online transactions monthly. Asides from offering highly reliable and incredible payment processing speed, they also offer promotions to their clientele as well as a quality loyalty program that allows the exchange of money – sending and receiving – at very low costs.
With over 15 years of experience in processing online transactions daily, Neteller has maintained a commitment to creating a safe and secure platform for every user by ensuring that regardless of the volume of transactions users carry out, personal and financial information is never compromised.
User security is paramount to Neteller, which is why they use the latest encryption technology to secure user data as well as engagements with financial organizations, Visa and MasterCard, for the usage of their security protocols such as Verified by Visa and MasterCard SecureCode protocols. For every card deposit using either of the aforementioned payment platforms – MasterCard and Visa- a security check is initiated. To pass this check, a pre-defined password is required to prevent security breaches and fraudulent transactions on the platform.
Obligated by law as approved by the United Kingdom’s Ministry of Finance, Neteller’s services are restricted to completing online transactions. By law, money from users can not be utilized for other purposes and each user’s account balance has to be stored in a separate bank account, should a customer need to make a withdrawal.
However, users should always keep the details of their account private regardless of their e-payment solutions provider.
Neteller Casinos by Country
Being one of the most established e-payment solutions in the world, Neteller is available in most online casinos to date. However, it doesn’t mean that everyone can have access to this banking method, due to some countries’ strict gambling laws. Below are some countries that are on the list of unavailable regions:
- North Korea
- Papua New Guinea
- Puerto Rico
- United States of America
- Western Sahara
How Our Experts Rate Neteller
Each and every banking method are assessed based on three main categories: safety and security, deposits and withdrawals, and customer support.
Safety and Security
Neteller uses the latest technology with military-grade encryption to provide a fast and secure method of transferring funds to and from your account. All your personal information is stored in a highly secured data center. All backups are made regularly to ensure that your transaction history remains safe.
Deposits and Withdrawals
Unlike all other banking methods, they resolve all deposit and withdrawal requests immediately. The average waiting time for deposits is in minutes, while withdrawals with Neteller casinos take no more than a day. The only downside with this type of payment is that it is not as highly available as other methods such as PayPal, MasterCard, Visa, etc.
As far as we know, the company offers very few ways to directly contact them. The only methods that we can use are via international calls and through e-mails. There is neither live chat nor messaging. For a big name such as Neteller, this is a rather disappointing problem.
Deposits With Ease
Below is a quick tutorial on how to make deposits with Neteller casinos. The depositing process is instant, and you do not need to worry about sharing your bank details. The steps are:
- Enter the Cashier section
- Go to the Deposit section and enter the amount that you wish to deposit
- Select Neteller as your payment method
- Sign in to your Neteller account
- Confirm the payment
Fast and Secure Withdrawals
There are several ways to withdraw money from your Neteller account. The availability of each method depends on the regulation of your country, so you should check carefully before proceeding with your chosen method.
- NETELLER money transfer
- Transfer to a merchant site
- Transfer to a Skrill wallet
- Net+ Prepaid Mastercard®
- International bank withdrawal
- Bank transfer withdrawal
- Local bank withdrawal
- Mobile wallet withdrawal
- Send money to a mobile phone
Take Advantage of Neteller Casinos
To summarise the above paragraphs, their services can be classified into pros and cons otherwise known as advantages and disadvantages
- Used on a majority of casino platforms
- Fast withdrawal speed on various e-payment platforms
- Least possible withdrawal fees
- Low limitations on the number of possible withdrawals.
- Possibility of keeping two accounts through a VIP program
- Two-way authentication that provides high security and prevents fraudulent transactions
- Surcharge for sending money to other users and for any transaction between two Neteller accounts
- Subtle distrust from players due to low customer retention rates by gamers who use this method for deposits.
Deposit Limits and Fees
Neteller which is well-known for being the best financial service does charge some fees for transferring and depositing. When we conduct the review, this is what we can conclude as fees associated with being depending on each bookmaker but usually, you will be charged 0 for some dedicated bookmakers.
Depending on each method, the changes will be calculated as the amount deposited and vary from 0-2%. It’s good to take a note for UK residents, funding your account with a Maestro debit card is free of any fees or charges. Another good thing about Neteller is that depositing from local and international banks are free of charges as well.
Withdrawal Limits and Fees
Regarding withdrawal limits and fees, it's the sports betting site that controls these aspects and not the company themselves.
Withdrawal limits: Some bookmakers often place a cap on possible withdrawal amount per week, daily, or even per month. It is best for the user to carry out research beforehand and select a bookmaker that is suitable for your withdrawal frequency and whose withdrawal cap would not pose a problem of any sort.
Withdrawal fees: Some bookmakers impose a limit on the withdrawals allowed at a given time and should this limit be exceeded; a fee is required to process subsequent withdrawals. It is in the bettor’s best interest to note these platforms and if possible.