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Neteller – Payments at Online Casinos
Neteller is a popular e-wallet, especially among European players. This wallet works in almost the same way as the e-wallet from Skrill. In fact, Neteller is also owned by Skrill, but Neteller is in many ways simpler to use. Neteller only functions as an e-wallet and doesn’t work as a payment provider or gateway for card payments or bank transfers. This means the only way to use this payment method is by first topping up your wallet and then making payments directly from the wallet. Learn more about the e-wallet and its features in our thorough Neteller review.
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More information about Neteller – Payments at Online Casinos
The first thing you’ll need to do before you can use Neteller at an online casino for deposits is to fund your wallet. This is something you can do with a debit card, bank transfer, a PaysafeCard, or a transfer from your Skrill e-wallet. You used to also be able to fund your e-wallet with a credit card and then make direct payments from your wallet with the money, but this is no longer possible. You can, however, add funds with your credit card and then use the funds through your Neteller prepaid MasterCard. Making direct deposits to a Neteller Casino with funds from a credit card is unfortunately no longer possible.
Once your e-wallet is funded, you choose Neteller as the payment method you want to use at the casino, add the email address connected to the wallet, or simply your account ID. Once you’ve entered the amount you want to deposit into your casino account, you’ll be asked to confirm the payment through a pop-up from Neteller. The deposit will then be credited to your casino account immediately.
Not only are your deposits immediate with this payment solution, but the withdrawals are as well. You simply choose Neteller, add the amount you want to cash out, and then wait for the casino to approve your withdrawal request. As soon as the casino hits “approve,” the money will be available in your wallet. Once there, you can access your money either by making new payments from your e-wallet, by transferring funds to your bank account, or by using the Neteller MasterCard. These cards can be ordered as physical cards, or you can use e-cards that you can activate for use online.
If you are asked to verify that the Neteller account you’ve used as a payment method at a casino belongs to you, then all you need is a screenshot. You’ll need to log in to your account, and from the account information page, you do a print screen. The shot has to show that you’re logged in, and it also needs to show your name, your email address, and the account ID for the account.
You’ll also have to verify the account itself with Neteller. They have an easy-to-use tool for this, and you’ll have to take a picture of your ID using the camera on your phone or laptop, and then take a picture of your face. You can verify your address either by uploading a document, such as a bank statement or a letter or document from a reputable company issued to your home address within the last 3 months. Otherwise, you can let Neteller see your location when you are logged in. Just note that you’ll have to be at your home address if this last option is used for address verification.
In general, most casinos have high limits for both deposits and withdrawals, and it’s not uncommon that your payments will be limited to about €50,000 per transaction. These high limits are part of the reason e-wallets like this one are popular among high rollers who play for big amounts daily, weekly, or monthly.
All of the best online casinos choose to cover all transaction fees for their players who use Neteller, but there are some casinos that leave the fees to you. If you have to pay a transaction fee this can be anything between 1% and 5%, but 2,5% is considered standard.
Neteller also has fees for deposits to your wallet, but if you’re one of their VIP clients you’ll get all of your transaction fees-free. You gain VIP status by using Neteller to make and receive payments to and from merchants, as well as using it to make transfers to other Neteller users.
There are numerous reasons why a player should opt for casinos accepting Neteller. The e-wallet is safe, easy to use, and cheap. However, it also comes with some drawbacks, too. That’s why we’ll cover the basic features of Neteller online casinos. With this information, you could decide whether the casino banking method meets your expectations.
Below, let’s list some of the main advantages of using this banking option:
- Instant deposits and withdrawals.
- Easy to use.
- Sometimes gets you a preferred payment method bonus.
- Usually, operators don’t apply Neteller fees.
- Safe and secure.
- Part of Knect loyalty program.
While there are many benefits that come with Neteller, there are also some cons. Make sure to read these carefully to avoid disappointments later on.
- Sometimes there are processing fees.
- Sometimes you can’t claim bonuses with Neteller payments.
- The e-wallet isn’t widely accepted like PayPal.
The downside to using Neteller — or any other wallet for that matter — at a casino is that it’s not always very compatible with casino bonuses. Since there have been quite a few players who have abused bonuses while making transactions using Neteller, a lot of casinos have blocked this payment method from triggering bonuses, especially for the first deposit. However, once you’re done with the welcome bonus offer or package you can usually use any payment method to fund your player account, and this means you can also receive bonuses by using this e-wallet.
If you’re in doubt, we recommend you read the bonus terms before making a deposit (which is something you should always do anyways) to make sure that you can use all payment options to claim your bonus. If not, you could always use the Neteller MasterCard as your chosen deposit method since the casino will not recognize this as a payment from Neteller, but rather a payment from a MasterCard debit card.
Most gambling sites that accept e-wallets have Skrill and Neteller among the options. In the past, these two brands were fierce competitors and that’s why the Skrill vs Neteller war used to be a hot topic. However, many things have changed ever since. More precisely, in 2015, Neteller bought its competitor Skrill. Both companies now operate as part of the reputable Paysafe Group that also owns the Paysafecard and Ukash, which doesn’t exist anymore.
Ever since the offer of the two e-wallets is pretty similar. The deposit and withdrawal limitations and fees are identical. If the Skrill minimum deposit is €10, the same amount will probably apply to Neteller deposits. The same goes for the fees and any restrictions affecting players’ opportunity to claim bonuses.
With this in mind, we can’t say that one or another is a better option. Both Neteller and its sister company Skrill offer instant transfers, high safety standards, and similar transaction fees.