Neteller is an online payment solution that closely resembles an e-wallet, while having a couple of features that make it stand out from the crowd. In addition to facilitating the transfer of funds between its members, it also makes it possible for users to purchase products over the Internet or pay for services.
Members also have the option of getting a plastic credit card, which costs only €10 per year and is released in less than a week. What is Neteller? Since 1999 when Neteller first opened its doors to customers, the company grew a lot and it is now serving millions of people from all over the world.
It is now headquartered in the Isle of Man and regulated in the United Kingdom, acting as a bank that is capable of covering all the payments made by the members. As an electronic wallet, it makes it possible for users to transfer funds from one account to the other in a matter of seconds and there are no commissions charged.
The credit cards associated to the virtual account can be used in shops from all over the world as well as online purchases. Each user will receive a Neteller account ID number and will also have an account security ID, that needs to be entered each time players log in. In order to benefit from the complete package, members will have to prove their identity and address, a process that will lift any restrictions. This is a necessary step for players who plan on using their Neteller account to play online casino games. Paying with Neteller in an online casino There are two ways to play with Neteller in an online casino, with the most straightforward solution being too choose this payment method in the e-wallet section. Members will be invited to enter their account and security ID, before choosing how much money they are willing to deposit. There are no limitations whatsoever in terms of the currency used, because it can be converted if there are differences between the Neteller account and the one open at the online casino. The other option is to use the associated credit card, especially when you have a plastic one to fuel the online casino account. The procedure is the same and it depends on the casino whether any fees are charged or not, with the rule being that players don’t have to pay anything extra.
Depositing money to the Neteller account is usually subject to a small fee that rarely exceeds 2%, but there are ways to do it for free depending on the bank you are working with.
Withdrawing with Neteller in an online casino To withdraw money from the online casino to your Neteller account, you simply need to go to the cashier section and log in. Most gambling operators require their members to use the same payment method to make an eligible deposit.
It is not possible to deposit money using a credit card and then cash out to your Neteller account, although exceptions to exist and the customer support can help you.