Neteller has long enjoyed status as one of the most popular deposit methods around the world for real money gamblers. It was founded in 1999 and is now used by millions of people to pay for goods and services across more than 200 countries. For online gambling, Neteller is a fast and efficient way to fund your account at online casino sites so you can get in the game with minimal hassle.
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In short, Neteller functions as a secure online wallet for your money. You can transfer funds to your wallet and then use it to make a deposit at any of the many online casino sites that accept Neteller. When you’re done gambling, you can then request a payout from your casino and have those funds sent straight to your Neteller account.
Security has never been an issue with Neteller. They’ve been going strong for over 15 years now and maintain a perfect reputation for secure, quick transactions. Furthermore, Neteller is licensed in the United Kingdom under the Financial Conduct Authority.
Who should use Neteller?
Neteller is ideal for people who need to move money around between multiple sites thanks to Neteller’s speed. When you withdraw money from your casino site to Neteller, the transaction is processed that same day in most cases. You can then easily move your money on to the next site as opposed to having to sit around and wait for the withdrawal to hit your bank account.
Additionally, Neteller serves as an alternative deposit method if you’re not comfortable sharing your credit card information with casino sites. You can just use Neteller and they process the transaction on your behalf. Your card number and banking details are never given to the gambling site.
Speaking of cards, have you ever had a deposit to a casino site declined for no good reason? That happens sometimes if your issuing bank is based somewhere with strict anti-gambling laws. If you’ve had problems depositing with your primary credit or debit card, try Neteller.
You may also find Neteller handy if you like to keep your gambling bankroll separate from your other finances. In fact, this was the primary reason I used Neteller as my sole deposit method for several years. I liked being able to build my bankroll in one place without mingling funds. I always found it easier to keep track of my bankroll and protect it when it wasn’t all mixed up with my other money at the bank.
How Neteller Casino Deposits Work
An account with Neteller serves as a safe place to store funds online and pay for all kinds of things. You can use it to buy actual physical goods, pay bills and make deposits to online casinos. Neteller can also be used to receive payments from casinos and transfer money to friends and family.
Signing up for an account is free. Just visit Neteller.com to sign up and you’ll be good to go in minutes. After you have an account, you can fund it by uploading funds via credit card, debit card, bank transfer and other payment systems such as Ukash, POLi and more.
Making a deposit is a matter of choosing an online casino site, signing up for an account and then logging in. Head to the cashier and choose “Neteller” as your deposit method. You’ll then be redirected to a secure page where you can type in your Neteller username, password and deposit amount. Confirm the deposit and your casino account will be instantly credited with the funds.
When you’re ready to withdraw, head back to your casino’s cashier area and choose the withdraw option. The casino site will send the money right to your Neteller account. This is done the same day in most cases. Once the money hits your Neteller account, you can withdraw it to your bank account or make a deposit somewhere else.
At some point you’ll be asked to verify ownership of your bank account. This is a requirement under the UK’s “know your customer” laws. Neteller will do this by depositing two small amounts to your bank account and then asking you to verify the amounts. They will also ask for a copy of your photo ID.
Getting verified is easy but it does take a little time. Once you have that out of the way, you can use your Neteller account freely. I think you’ll find it worthwhile in the end. Neteller saves a lot of time over traditional deposit methods.
The first time you load your Neteller account with funds, Neteller will automatically send you a Net+ card. This is a prepaid debit card linked to your Neteller account. You can use it anywhere MasterCard is accepted to make purchases and withdraw cash.
What’s nice about the Net+ card is that it is not connected to your bank account in any way. You can only use it to make purchases with whatever you have in your Neteller account. This adds a layer of security in case your card number is ever stolen or you have a bad habit of overspending. You can only spend what you have with the Net+ card.
Neteller charges no fees for making deposits to casino sites but it does charge fees for uploading funds and withdrawing money:
- Uploading funds with local bank transfer and international bank transfer: free
- Uploading funds with a credit or debit card: 1.9% to 4.95%
- Uploading funds with POLi: free
- Uploading funds with Ukash: 3% to 7%
- Receiving a payout from a casino site: free
- Withdrawing money via bank transfer: 7.5 EUR
- Withdrawing via bank wire: 10.5 EUR
- Withdrawing via Net+ Card: Free to 4 EUR
- Currency conversion: 2.95%
Wes Burns co-founded OnlineCasinoSites.com with a mission to help gamblers understand and navigate the regulated online casino market in all countries around the world. Wes is a respected gambling journalist, working in the industry since 2008.