Neteller is one of the world’s most popular providers of online payment services. The company offers an online payment gateway service, a digital e-wallet, and even a physical Net+ Prepaid Mastercard that can be used in offline stores.
Neteller’s e-wallet service is very popular in the gambling community because it allows players a fast, secure and convenient way of depositing money into their accounts. The deposited money can then be used to place bets in such games as poker, craps, and blackjack.
Neteller was founded in Canada in 1999. Today, it is part of Paysafe Group, which also includes Skrill and Paysafecard.
Netteller comes from the two words net + teller. Net comes from the Internet. Teller is a North American word for a person who deals with customer transactions in the bank.
Neteller e-wallet service is widely used in the gambling community because it grants players a prompt, safe and convenient way to deposit money into their accounts. Neteller plays the role of intermediary between the user’s bank account and the online casino. Instead of transferring money directly to an online casino, players transfer it to their Neteller wallet.
From this moment, the user can link the desired casino with a Neteller account and use funds in the e-wallet to deposit to one of Neteller slots games or other online casino gambling options.
Neteller is regarded as one of the largest and most secure independent companies for money transfers in the world. For this reason, it is highly evaluated and trusted by all the new-found online casinos as well as world-known brands in the online casino space, including Bob Casino.
There is a 2.5% fee to process a deposit of less than $20,000.Processing of over $20,000 to your Neteller e-wallet using a debit or credit card is free of charge.
Withdrawal fees :
- $10 to transfer to your bank account
- $12.75 for member wire withdrawal
- Free of charge for merchant sites
- 3.49% feet for the transfer to Skrill platform
- 1.49% Minimal fee $0.50 other transfer options
Withdrawing funds from an online casino account to your Neteller e-wallet usually takes less than an hour. If you wish to transfer money from Neteller to your bank account, it will take three to five business days.
The sum you can withdraw at Neteller depends on your loyalty level. It ranges from $10,000 per calendar year for Bronze to $2,000,000 per calendar year for Diamond members. Speaking of deposits, regular users can deposit up to $2,500 per month from a registered bank account. The deposit limit also depends on the loyalty level.
Neteller in Different Countries
The Canadian dollar is a serviced currency. Standart fees, rates and limitations. While many of their American neighbors cannot gamble in online casinos, Canadians can — and Canada has a variety of Neteller casinos to choose from.
Neteller in The Netherlands
Euro is a serviced currency. Standart fees, rates and limitations.
Indian Rupee is a serviced currency. Standart fees, rates and limitations.
Neteller — New Zealand
New Zealand is in the serviced countries list. However, operations with the New Zealand dollar are not supported. The standard Neteller foreign exchange fee for all transactions involving a currency conversion is 3.99%.
The United States dollar is a serviced currency. Standart fees, rates and limitations. Online casinos are not yet licensed in most of the states, although this may be revised in the near future. Nevada, Delaware and New Jersey are able to use Neteller casinos in America.
Euro is a serviced currency. Standart fees, rates and limitations. The German government is becoming increasingly strict in its approach to online gambling and is starting to introduce new rules and regulations for online casinos.
Most SEPA countries are on the service list. Standart fees, rates and limitations apply for deposits and withdrawals. Scandinavia, West and East Europe countries are enjoying Neteller services.
Why Do Players Use Neteller?
Like other payment processors, such as Ecopayz, Neteller acts as a middleman between the user’s bank account and the casino. Instead of transferring money directly to the online gambling venue, players transfer it to their Neteller wallet. From there, they use the funds in that Neteller wallet to make their casino deposit.
Taking the extra step to first transfer money to a Neteller wallet has the following advantages:
- Convenience: User information is stored on one centralized place, not dozens of websites separately.
- Speed: Faster than entering credit card details at every new vendor.
- Security: Netteller users benefit from additional fraud protection and consumer protection systems.
- A popular online payment service provider.