Learn why Neteller is one of the online gambling industry’s leading eWallets. We discuss how to register an account, fees associated with depositing and withdrawing, how to deposit at an online casino using the eWallet and the advantages/disadvantages of playing in Neteller casinos in 2017.
What is Neteller?
Neteller is an eWallet service that allows users to quickly and cheaply send funds to a variety of different websites. Neteller customers can use their accounts to make purchases from sites like eBay and Amazon, are eligible for a prepaid MasterCard to use at ATMs and for in-store purchases, and, of course, can use their account to fund online casinos.
Registering a free Neteller account
Registering for an account at Neteller is incredibly simple indeed. All you need to do is visit their official website and follow the links labelled ‘Join For Free’. From there, you will be taken to a page where you will need to enter various credentials about yourself. These include a name, telephone number, address, email address, password – the usual stuff really.
After registering an account, it is time to fund it. Neteller provides several different funding options..
The full list of deposit options and the percentage they charge per transaction are: MasterCard Credit (1.9%), Visa Credit (1.9%), Visa Debit (1.9%), Visa Electron (1.9%), MasterCard Debit (1.9%), Maestro (1.9%), Skrill (3%), Bitcoin (1%), PaysafeCard (7%), Fast Bank Transfer (1.5%), International Bank Transfer (free), Local Bank Deposit (free).
Steps to completing deposits at Neteller casinos
In order to make a deposit at an online casino using Neteller you first have to make sure your chosen casino accepts the deposit option. In the UK the vast majority of casinos do in fact accept Neteller deposits and certainly all the Neteller casinos in this guide are safe to join. So, providing the casino does indeed accept Neteller deposits the next step is to register an account and make your transaction. Registering is very straightforward and you will simply need an active email address, perhaps a unique username, and a password. The sign up process itself should be very quick indeed.
After registering your account, simply click on deposit and then find the option for Neteller deposits. You will be prompted for your account information (either your email address or account number) and your secure ID. Your secure ID will have been given to you upon registration and is a six number code that is to be kept secret. It acts like your password to your Neteller account and you will need it every time you try to make a direct payment from the account itself. When you have entered all of the required information and a deposit amount, simply click on deposit to initiate the transaction. Like with other eWallets, this will be free and instant. There may be a minimum deposit figure that your transaction needs to exceed but this will be a low amount (£5-£10).
Reasons to use Neteller for online gambling
There are several advantages to using Neteller over other deposit options. We have grouped these below to help you to make an informed decision.
Fast deposits and withdrawals
Neteller deposits are fast and free. However, the major difference to the more traditional banking options is the fact that they process withdrawals much faster. With the very biggest gambling sites you can actually receive payment in a matter of hours after initiating the withdrawal. Even at smaller casinos, the process will be considerably quicker than the majority of other options available. This makes Neteller an excellent choice for both the avid amateur gambler and the professional alike.
Less sensitive information shared
Owing to the fact that you do not actually need to link your bank account to your Neteller account it represents a much safer alternative for the security conscious out there. Some people get uneasy sharing details about their personal banking accounts with potentially dodgy companies and seek some distancing between their accounts and their money online. Thanks to Neteller’s diverse funding options, you do not need to share any of your current or credit account details with anyone else and can therefore feel safe in the knowledge that your details are secure.
Reasons not to use Neteller for online gambling
Of course, the differences between Neteller and other deposit options also prompt a range of different drawbacks. Again, these are listed below to help form your decision.
Lacks some of the security features of Visa and MasterCard
Whilst Neteller is undoubtedly a secure platform, it does not feature some of the more advanced multi-factor authentication methods that Visa and MasterCard have incorporated to keep their customers safe. You will not find an equivalent of the ‘Verified by Visa’ page when depositing with Neteller, for example.
Support can be troublesome
If something does go wrong with Neteller and based on my own experience, it rarely does, getting the issue resolved can be quite troublesome. The online live chat is not as useful as it purports and calling the help line can be equally frustrating. However, owing to the generally smooth running of their service this is rarely a concern and issues do get resolved, albeit slowly.
Many UK casinos don’t offer Neteller welcome bonuses
Due to casino bonus fraud, a lot of UK online casinos don’t allow Neteller or Skrill players to claim welcome bonuses. Some casinos block Neteller bonuses for everyone, while some casinos just block Neteller bonuses for UK residents. We know most of our readers want to receive a welcome bonus when joining a new casino, so the Neteller casinos listed above all offer sign-up bonuses on Neteller deposits. Keep in mind, if you prefer not accepting bonuses and being locked into a rollover, you can opt to not accept the welcome bonus still. If you want to find out if a casino offers Neteller bonuses, the information will be found in the casino’s bonus terms. Some online casinos will void winnings from a bonus if you use Neteller, so it’s important to read the terms prior to ever accepting any bonus or promotion from an online casino.