Neteller Casinos

Neteller: brief history

Neteller was officially created back in 1999 and began processing transactions for online gambling in 2000. In other words, Neteller was one of the first e-wallets to offer its services exclusively to online gamblers. Even though it was established in Canada, it moved to the Isle of Man in 2004, where it continued to operate.

The company is currently owned and operated by a British company that focuses on global payments called Paysafe Group. The company currently also owns the popular Paysafecard, as well as the Neteller’s main competitor Skrill. As a matter of fact, one of the important milestones in Neteller’s history took place in 2015 when Paysafe Group (then called Optimal Payments Plc) acquired Skrill Group.

Neteller is currently considered one of the leading e-money transfer services in the world, next to PayPal and Skrill. It’s also commonly used by Canadians for making online transfers to and from online casinos and other gambling services.

Advantages & disadvantages of Neteller

Whilst Neteller is a great e-money transfer service, like all money transfer services it does has its advantages and disadvantages. Here we highlight a few:

What are the advantages of Neteller?

• It’s secure : Neteller uses some of the most sophisticated security protocols to protect its users and their funds from cyberattacks.
• It’s fast : All transactions using Neteller are instant, meaning you’ll see your funds arrive in your online casino as soon as you make a deposit.
• It’s available in many online casinos: Neteller is one of the most popular e-wallets in the world, which is why many online casinos accept it.
• It’s easy to use: Neteller features an intuitive interface that’s easy to use even if you don’t have prior experience with this type of payment method.

It’s accepted in Canada — Canada is one of the countries where Neteller is able to offer its services.

What are the disadvantages of Neteller?

• The fees are high: Neteller transaction fees can go up to 5%, which is somewhat standard for e-wallets but much higher compared to some other payment methods.
• Buyer’s protection could be improved: If you’re somehow tricked and your funds transferred to a fraudulent Neteller account, it would be very difficult to get a refund.
• Not available in many countries: Neteller is still not available around the globe, and it’s nowhere near being that anytime soon.
• Bonuses sometimes not available — For some legal reasons, some online casinos don’t offer deposit bonuses and other promotions to players who deposit with Neteller.
• Could use better customer service — Customer service is great, but it sometimes takes a long time to respond.

Depositing & withdrawing funds

For both depositing and withdrawing there are certain procedures or steps to follow. Here they are.

Depositing funds

To start using Neteller, you first need to add funds. Here is how to do it:

1. Log in to your Neteller account: go to Neteller’s site and log in. If you don’t have an account, make sure to create one first.
2. Go to the MONEY IN section: this is basically the cashier page where you can select one of the available payment options. We’ll pick credit or debit cards for the purpose of this guide.
3. Select + Add card: enter your credit card number, expiry date, and security code located at the back of your card to connect the card of your choice. This step might be different if you’re using another payment method to fund your Neteller account.
4. Enter the amount and select the currency: you’ll also have to select one of the purposes of your deposit.
5. Review your deposit info and confirm.

Withdrawing Funds

To withdraw your funds from Neteller, here’s what you need to do.

1. Log in to your Neteller account.
2. Go to the MONEY OUT section: here, you’ll be able to select one of the withdrawal methods. We’ll go with a bank account in this example.
3. Select Add a Bank Account: you’ll have to submit the required bank details in order to proceed.
4. Enter the amount you’d like to deposit: you might have to provide additional information for some countries.
5. Review your withdrawal request and confirm.

Once your withdrawal is confirmed, you might have to wait a couple of days before your money arrives in your bank account. Please pay attention to withdrawal fees as well.

Transfer times

Transfer times are perhaps the biggest advantage of Neteller, as it allows you to make instant transfers to and from online casinos. In other words, you’ll be able to fund your casino balance efficiently using a very reliable payment method.

Please take into account that almost all online gambling platforms need to review and approve your withdrawal request regardless of the payment method you use. This process can sometimes take up to a couple of business days, and it has nothing to do with Neteller’s transfer times. If quick payouts are important, then make sure to pick the gambling platforms that don’t take too much to approve your withdrawals. Also, you might have to wait an additional time when you withdraw your funds from Neteller to your bank account — usually up to five business days.

As you can see, Neteller is instant, but the surrounding transactions still need some time to be processed. Nevertheless, if you already have some funds in your Neteller account and want to use them to play casino games, you’ll be able to transfer them to the casino of your choice right away.