If you’ve heard of online gambling, you’ve heard of Neteller. The money transfer service has a multitude of uses, but the thing it’s known best for is facilitating online gambling.
You don’t have to gamble to use Neteller, but if you are prone to a flutter on the horses or a spin of the slots, Neteller is your friend, facilitating the speedy transfer of funds from your bank to the casino account it’s destined for.
The service, which is used in over 200 countries, is also accepted by major social networks and forex traders among others. Millions of people use Neteller to despatch money to all corners of the globe in an instant.
Neteller: the Company Behind the Name
Neteller is a British owned company; Paysafe Group Plc are the brains behind the operation. It was actually founded in Canada in the late 90s before swiftly moving, just like a Neteller transaction, overseas to the Isle of Man in 2004. In 2015, Paysafe Group Plc acquired the Skrill Group, ensuring that today it operates one of the world’s largest online payment systems.
What is Neteller?
Neteller isn’t a bank – it’s a payments processor. In other words, you need to send funds to a Neteller account from your own bank or credit card in order for the service to function. Once you have funds in a Neteller account, however, there’s a lot you can do.
You can send money instantly using the app or desktop site. You can transfer funds to friends or family. You can receive payments instantly from other Neteller members. You can also send money in different currencies – Neteller supports 22 currencies.
Using Neteller to Deposit Funds at a Casino
As an indication of Neteller’s might, in the early aughts it was responsible for processing 80% of all the world’s gambling transactions and gained 95% of its revenue from the industry. That all came crashing to a halt when the US outlawed online gambling. Today, Neteller is still synonymous with gambling, though it has sought to diversify to avoid a repeat of the events which culminated in thousands of US users having their accounts frozen.
To fund a casino account using Neteller, you’ll first need to fund your Neteller account of course. There are numerous ways to go about this, with options including credit or debit card, prepaid card, bank transfer or e-cheque. There will be a wait before funds show up with some of these options, though credit/debit card should be instant.
Once that’s taken care of, head to the Deposit page of the online casino you wish to use, select Neteller, which may be located under e-wallets, and select the amount you wish to deposit. When you’ve won money at a casino, you can withdraw the funds into your Neteller account in the same manner. There’s no fee levied by Neteller for this, though it’s possible that the casino may apply a surcharge.
Where Is Neteller Legal?
With Neteller available in over 200 countries, there are few places where you can’t use the e-wallet service. There are a few exceptions however. Residents of Albania, Canada, Hong Kong, Turkey and a handful of other companies can’t access the service.
US players are also excluded from using Neteller to facilitate gambling; the payment processing company are understandably edgy about the US market, having gotten their fingers burnt and their funds frozen in the past. Technically US customers can use Neteller, but they can’t use it to gamble.
If you’re browsing the web and are looking for places where you can make payments with Neteller, keep an eye out for the company’s logo. You’re likely to spot it at a lot of top casinos, either on the deposits/banking page or by scrolling down to the footer of the homepage, where the Neteller logo may be positioned.
The Pros and Cons of Using Neteller
There are a few reasons why you may find it desirable to fund your casino account with Neteller. One reason is the service’s popularity: you’ll struggle to find an online casino that doesn’t accept Neteller. If you’re prone to shopping around and taking your trade from one casino to another, possibly to collect the welcome bonuses that each issues, Neteller is extremely useful. Not only does it save time compared to having to enter your card or bank details multiple times over but it’s more discreet.
Many gamblers value their anonymity, be it for tax reasons, relationship reasons or simply because they prize their privacy. Neteller provides far more privacy than a credit card with your name plastered all over it does.
Should you be unfortunate enough to use your credit card at an untrustworthy casino, or should a casino be hacked, there’s a possibility – no matter how small – that your details could be stolen and used to make fraudulent transactions. Neteller mitigates that worry.
It also helps that the service is free to use; Neteller won’t charge a fee when you deposit funds or when you withdraw from a casino into your Neteller account.
Ways to Use Neteller
Like any ambitious and successful payments processor, Neteller has gradually expanded its range of products and broadened the number of ways in which customers can use Neteller to send money. The company now offers a prepaid MasterCard called Net+. It allows you to use your Neteller account anywhere MasterCard is accepted including in real world shops and ATMs.
Naturally, the card can be used on the web too, making it ideal for casino deposits because of its privacy protections that will ensure your information is safeguarded.
Neteller also offer virtual gift cards, which can be bought as a present for someone and redeemed at stores and casinos all over the web. Neteller is also ideal for sending funds to friends in an instant. This can be done via their desktop site or using the Neteller mobile app, and what’s more all you need is the email address of the person the funds are destined for – they don’t even need to be an existing Neteller customer.
One of the best things about Neteller is the sheer number of ways to fund your account: the company accepts around 40 methods, ensuring that customers should have no trouble getting funds from their bank account or pocket to their Neteller account.
Neteller in a Nutshell
Thanks to its speed, privacy and ubiquity, the benefits of using Neteller are obvious, not just for casino play, but for countless other everyday transactions. If you’re prone to conducting a lot of your business and pleasure on the web, Neteller is a valuable resource that will save you time and provide the peace of mind that comes from knowing you haven’t dished out your credit card details to dozens of sites.
What is Neteller
Neteller is an e-wallet and e-money service that allows funds to be sent instantly to friends, family and online businesses.
Where can I use Neteller?
Neteller is accepted at thousands of web-based casinos, betting sites and stores.
Is there anywhere I can’t use Neteller?
Neteller isn’t accepted in Canada and a handful of other countries.
Why should I use Neteller to fund my casino account?
Transferring funds is instant, it’s discreet and there are no fees charged by Neteller for the service.
How do I get funds into my Neteller account?
Any way you like. 40 options include bank transfer, e-cheque, credit and debit card.