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NETELLER is a digital wallet, very similar to Skrill, in fact, they are owned by the same company (Paysafe). NETELLER is more known for its U.S., Canada and Asia customer base than Europe, but is available globally. A NETELLER account lets you make fast, secure online payments whenever you need to, and they are widely accepted in the gambling industry.
NETELLER is a digital wallet and a way of sending and receiving money online. This includes deposit, withdrawals and balance top ups at online casinos and betting websites.
They also do international money transfers and you can send money to friends or family using an email address. Their two key products of interest to gamblers are the digital wallet and the prepaid Mastercard.
WATCH: 4 Things You Should Know About Neteller
How it Works
Open a Neteller account and connect your cards, bank accounts or alternative payment details.
Move funds into the wallet.
Move funds from the wallet to an online casino, betting site or poker website.
Withdraw winnings back down to the wallet and spend them using the wallet or access them as cash via the prepaid Mastercard.
Your financial details are protected as the online gambling operator only sees your digital wallet, not your bank/card details. Gambling transactions do not appear on your bank statement either so NETELLER offer some privacy and discretion.
How Do I Sign Up With NETELLER?
Signing up for an account with NETELLER is simple and FREE. All they ask is you provide the following personal information:
The payments industry is regulated so after a few transactions you will have to verify your account. This ensures NETELLER meets its regulatory requirements. Verification involves proof of identity. You will require picture ID and utility bill proof of address.
Once verified, you unlock features like higher transaction limits (i.e. move more funds), VIP programme eligibility etc.
Who Accepts NETELLER?
All major online casinos accept NETELLER. A large number of sportsbooks and i-gaming companies are also on their books, plus forex and cryptocurrency providers.
What Fees Do NETELLER Charge?
You open an account for free, but you must use it, or an inactivity fee applies ($5). They have a full web page dedicated to their fee structure. Most fees are applied as a percentage of your transaction amount i.e. funding your wallet or withdrawing funds out of your wallet.
Moving funds to gambling sites is usually free but there may be a fee to move it back - this varies per site.
Joining and maintaining a NETELLER account is free.
It costs £8.00 to get NETELLER Prepaid Mastercard.
Charges for uploading funds into your NETELLER account vary depending on the method you use. They have many methods and most currently apply a flat fee of 2.5%.
Uploading funds to a NETELLER Prepaid Mastercard is free.
Receiving money into your NETELLER wallet is free.
Spending, Sending and Withdrawing Funds
Paying at a shop or transferring funds with any merchant (including online casinos) is free.
Paying with Prepaid Mastercard is free.
An ATM cash withdrawal costs (1.75%) plus a foreign exchange fee of 3.99% if using abroad.
Withdrawal fees vary per method- i.e. withdraw to bank, card or other method.
Sending money to another wallet holder is free. Sending using a bank has fees but they regularly run send for free promotions.
Currency conversions -they add a 3.99% fee to the exchange rate.
In general, NETELLER is quick and easy to use, with a simple interface and a useful help section. The service is ideal for those looking to move funds quickly to different gambling sites. Once money is added to your wallet, you can move it quickly to your favourite sites.
Key reasons why NETELLER is a good fit include:
Privacy and discretion. Your bank details remain private.
They have strong relationships with the gambling industry so know their customers very well.
VIP and Ambassador Programmes available.
Regular promotions and offers.
Funds move instantly to websites.
Accepted at the world’s leading bookmakers, casinos and poker rooms.
Add funds via multiple deposit methods.
NETELLER is authorised by the Financial Conduct Authority (FCA) and is committed to the highest standards of the Payments Card Industry Data Security Standards (PCI-DSS Level 1). They offer Two Factor Authentication (2FA) on your account. You just need your email address and password to pay. Your card or bank details are never revealed.
"Lena Sciberras is head of our Casino Content. With many years of experience covering online casino products and working with some of the biggest online software and payment providers in the casino industry Lena is ideally placed to ensure quality and accuracy across all of our casino content and consumer advice."
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