A lot of electronic wallets (e-wallets) accept gambling transactions, but Neteller has the most experience when it comes to processing online gambling payments and has become a global favourite among players.
Neteller launched in 1999 in Canada, although the company’s headquarters has been based in the Isle of Man since 2004. The company has been processing for the online gambling industry since 2000.
At the time – Neteller processed for roughly 80% of the casino operators and 90% of the company’s revenue was derived from gambling transactions. However, Neteller has since diversified in the past decade.
What online casinos accept Neteller?
A large percentage of casino operators still use Neteller to process deposits and withdrawals.
This is great news, but at the same time, can make it more difficult for new players to know where it’s safe to gamble with Neteller. We’ve listed the best online casinos accepting Neteller based on where you live in 2017.
- Royal Vegas
- Guts Casino
Can I use Neteller to gamble online?
The first thing most of our readers want to know is whether or not they can use Neteller to make deposits and withdrawals.
It wasn’t too long ago when everyone could use Neteller for gambling transactions, but that’s no longer the case. In 2007, the company was forced to exit the US market and has since exited several other markets. Players in Canada, Israel, Cambodia, Hong Kong, Macau, Singapore, Turkey, Lebanon, Laos and Albania are unable to use Neteller to fund gaming accounts. However, everyone else can still use the popular e-wallet.
Americans are also able to use Neteller to play with regulated operators now, as Neteller recently re-entered the US market. Bally has implemented Neteller into their software, which they license to regulated operators.
How to join and use Neteller
Joining Neteller is actually instant and you can use your account right away, albeit with restrictions.
Simply visit Neteller.com, click on “Join for free” in the top right corner and then enter your personal information, such as name, email, address, etc. Once you join you can start using the account, but there are restrictions.
You’ll only be able to deposit and withdraw a small amount of money until your account is verified. Thankfully, verification is simple and only takes 1-2 days to complete in full. To verify a Neteller account, you first need to accept the FSCS warning. Afterwards – you need to submit an ID (IE: Passport, License, etc.).
Depending upon where you live, you may also need to verify your bank account if you plan on using it or you need to verify your phone number. The full steps to verification are listed when signed in at Neteller.com.
Once verified, all limitations are lifted and you can use several extra perks.
After funding Neteller, you can begin using the money at online casinos. Visit the cashier to make a deposit using your Neteller account. It couldn’t be any easier, plus it’s one of the safest methods.
Rather than provide your banking or credit card details to a gambling company, you can join Neteller and keep your personal information secured by a company that’s traded on the London Stock Exchange.
You also have to provide your preferred currency when joining. There are 26 currencies available, including US dollar (USD), British pound (GBP), Euros (EUR), Australian dollar (AUD) and Russian ruble (RUB).
This is important! Make sure you select a popular currency, such as GBP or EUR. Your gambling accounts need to be in the same currency or else you’ll pay a conversion fee every time you complete a deposit or payout.
Also important to note – your full name and email address you use at Neteller will need to match your personal information at online casinos or else you won’t be able to use the e-wallet to process your deposits and payouts.
How to fund, transfer and withdraw money with Neteller
Before you can do anything, you need to fund your new Neteller account.
The easiest way is with a debit or credit card, as both are instant. Europeans and Australians also benefit from free local bank transfers, although other countries will have varying fees.
Another option is PaySafeCard, but the fees are high and definitely not ideal.
There are a lot of local deposit options available as well, including Abaqoos, AstroPay, Bitcoin, PayByMobile, CartaSi, EPS, eWire, iDeal, POLi, Santander, Trustly and Sofort Uberweisung, among others.
To transfer funds to anyone with a Neteller account, including Internet casinos, you need to have your 12-digit account ID and 6-digit secure code handy. Both numbers are needed to complete transfers. The minimum transfer is just $5 or £/€3.75 and the maximum is $50,000 or £/€37,500.
Withdrawing money isn’t free either and the options aren’t expansive. You can request a bank transfer to your verified bank account, you can request a cheque or you can sign-up for a Net+ Prepaid MasterCard. Europeans will pay €7.50 for a bank transfer or cheque and UK players will pay £5 for either method.
If you live in another country, the fee for a bank transfer is $12.75 and $10 for a cheque or a similar amount in another currency. Your best bet is to get a Net+ Prepaid MasterCard, which can be used at any ATM.
POS transactions are actually free of charge, so you can use the card at the grocery store or anywhere else with no fees. ATM withdrawals have varying fees and there are certain restrictions with the card.
Be sure to read over Our Neteller Fees Article to learn about all of the potential fees. For example, you can request two withdrawals daily of up to $1000, £500 or €750. These limitations are lifted if you’re a Neteller VIP, which requires you to transfer at least $10,000 in payments annually. Not only do VIP customers get increased withdrawal limits, but they earn more rewards, have a VIP fraud guarantee, VIP chat support and potentially up to 0.50% cashback on all transfers.
Neteller has a loyalty program, just like most online casinos. In fact, you can earn reward points and turn them into cash or other rewards, such as electronics and other luxury items found in the VIP catalogue.