Established in 1999, NETELLER quickly positioned itself as a leader in processing online gambling payments and today, it is part of the multinational corporation Paysafe Group along with its biggest competitor Skrill. The company is authorized and regulated by the Financial Services Authority in the UK and is required to keep customer funds in separate trust accounts. Due to the crazy demand for online shopping, the need for secure online transactions has gone up. NETELLER has proved to be one of the most competitive service operators in this regard, offering high levels of security, reliable service, and excellent rates.
NETELLER is considered to be the e-wallet of the high rollers because, with it, you can make huge casino deposits without paying high processing fees. If you own a credit or a debit card, you can instantly fund your NETELLER wallet and then transfer the money to your casino account. In fact, there are 60 upload options, many of which tailored to regional and national markets. Customers can also load funds for free by International Bank Transfer or Local Bank Deposit.
You can give it a try for just $10 minimum deposit.
How Does It Work?
NETELLER is a typical e-wallet, which allows customers to register an account, fund it through their preferred payment method, and make electronic transactions such as in online shopping or gambling activities. It is not a bank and does not provide a line of credit. Instead, it only works with funds, which are already available in the digital wallet.
As financial transactions are processed electronically, they are extremely fast. In fact, casino deposits are processed immediately, while cashing out your winnings to a NETELLER wallet takes a lot less than when using traditional payment methods such as credit cards or bank transfers.
Creating a NETELLER Account
Signing up for a NETELLER account is easy and takes just a minute or two. You need to fill out a simple online form with personal details such as name, address, date of birth, telephone number and email address. Customers register for free on the company website and can set up their account in one of 26 major currencies, including USD, EUR, GBP, and CAD. The e-wallet is available to casino players in over 170 countries.
After registering, the customer receives a NETELLER Account ID and a Secure ID. Once the account is activated and loaded with funds, the money can be used for transfers into other users’ accounts or deposits into online casinos. You can also withdraw your casino winnings into your NETELLER wallet and then, cash out via bank transfer, checks, or the company’s Net+ Mastercard at ATMs. Unlike many other payment options, users’ money is always available for immediate withdrawal.
Net+ Prepaid Mastercard
As NETELLER may not be accepted at all online casinos, players can also make use of the two types of Net+ Prepaid Mastercard. These cards operate on the Mastercard platform and, therefore, can be used wherever Mastercard is accepted.
The Plastic Net+ Mastercard is a prepaid card, available to all NETELLER users with verified accounts, residing in authorized European Economic Area (EEA) countries. After application on the official website of the service, the card is shipped within 2 to 10 business days and customers have direct access to the funds in their NETELLER wallets. As the card comes with its individual number and PIN, it can be used just like any other credit or debit card. This includes not only online purchases or deposits into online casinos, but also shopping in brick-and-mortar casinos.
The other type of card offered by the payment services operator is the Virtual Net+ Mastercard. As its name suggests, this is a virtual card, which is absolutely free and features no annual, monthly or dormancy fees. Getting one is very simple – you need to register at NETELLER, apply for the virtual card, and choose from one of the eight available currencies, namely USD, GBP, EUR, CAD, AUD, SEK, DKK, and JPY. You can then use the card online at every web-based merchant or casino that processes Mastercard payments.
NETELLER VIP Program
Along with a standard Rewards Program, where customers receive points for making transactions, NETELLER has a VIP scheme, which is designed to reward the most active users. But make no mistake, the VIP Program is for those who make large financial transfers to and from their e-wallet. It comes in 5 tiers, namely Bronze, Silver, Gold, Platinum, and Diamond. In order to enter the scheme, you need to transfer at least $10,000 to merchants within one calendar year. If you wish to progress to the next levels, you will need to make larger transactions.
NETELLER has prepared a nice package of perks for every VIP level, including reduced foreign exchange fees and anniversary reward points. Other extra features are higher reward point redemption rates, increased ATM withdrawal limits, free money transfers, multiple currency accounts, and others.
Using NETELLER in Online Casinos
When it comes to online gambling, NETELLER is a widely accepted payment method and it is available to residents of a great number of countries. There are only a few exceptions, most notable of which is probably Canada, where casino players may not be able to use NETELLER for gambling.
Compared to most payment processors like credit and debit cards, wire transfers, or international money transfers, NETELLER is much faster, very convenient, and has taken extensive security measures to protect its users from fraud. Casino patrons can easily top up their accounts and cash out their winnings using NETELLER’s e-wallet or prepaid cards.
Funding Casino Accounts with NETELLER
Depositing funds into a casino account is really easy with NETELLER. Once NETELLER users activate and fund their e-wallets, they can instantly make a casino deposit from the Banking/Payments page of the website. They need to choose NETELLER from the list of available options or Mastercard if they prefer using a Net+ Mastercard. After entering their 12-digit NETELLER Account ID and 6-digit Secure ID, they just need to specify the amount of money they wish to load up into their gaming balance.
The deposit is transferred to the casino account as soon as the transaction is confirmed by the user. There are no fees but some casinos may charge the deposit, depending on their payments policy. Players should also be aware that there are certain limits to how much they can deposit. That would vary, though, depending on the online casino they visit.
There are funding limits to the NETELLER account itself, however, and they could be applied here. Unverified accounts have a lifetime funding limit of $500, $1,500 or $2,000, depending on the user’s country of residence. This means that before you verify your NETELLER account, you cannot make casino deposits of over $2,000. To pass the verification process, you need to provide proof of identity and address. Such documents are color copies of the two sides of your national ID, driver’s license, and some address verification document.
Withdrawing Funds to NETELLER
NETELLER is popular among online casino players not only for its convenience, safety and instant deposits but also for the fact that withdrawing your winnings via the e-wallet is extremely fast. In order to cash out using NETELLER, you just make sure it is a valid payment option at your chosen casino site. After logging in to your digital wallet, enter the amount of money you wish to withdraw and confirm the transaction.
Most casinos process withdrawals within one business day, with some gaming sites completing the transfer in just a few hours. The service would not charge you, but many casinos have some small processing fee you should take into consideration. When it comes to withdrawal limits, the same rule for Unverified NETELLER Accounts, as explained above, applies. You would not be able to cash out more than $2,000 unless you verify your identity. Casinos also put minimum and maximum limits to NETELLER withdrawals and the usual range is between $10 and $2,000 per transfer.
NETELLER on Mobile
The majority of large providers of payment services recognize the importance of being mobile-friendly. As mobile technology evolves rapidly, expanding to every area of our everyday lives, businesses are trying to keep up and offer their mobile platforms and solutions. Although NETELLER is not originally a mobile payment service, it managed to create a very functional, effective and convenient app that can compete with the top payment apps on the market.
The official NETELLER app is available for free download at the App Store and Google Play, but note that it is available only in English. Casino players who wish to make quick deposits and withdrawals easily from their smartphones can do that by installing it. The app features a nice, clear and simplistic design that makes it extremely easy to use. Android and iOS users can access their account balance, load funds into their e-wallets, and make payments to merchants and casino websites.
The app supports 22 currencies and can be used in 200 countries and territories. In addition, users can also add two-step authentication to their NETELLER account, as well. All other features from the original desktop website of the service are added, too, such as VIP, Affiliate and Loyalty programs.
NETELLER has the highest level of security and every customer can be sure that their personal details will not be shared over the Internet. The company has various security tools to protect user accounts and payments from fraudulent activity and other threats. This includes 256-bit encryption, as well as multiple firewalls that make sure users’ personal and financial information is stored securely. As an FCA authorized company, NETELLER holds customers’ funds into trust accounts, separate from its own finances.
In order to add another layer of security to your account, you can enable NETELLER’s Two-Step Authentication in your account settings. It is offered to users of Android, iOS and Blackberry phones. After choosing your device from the list of available options, you need to download the Google Authenticator app, which could be found in Google Play and Apple App Store. The mobile application will generate a one-time, 6-digit authentication code. The code is then used when confirming a transaction from your NETELLER e-wallet – you need to enter it in the Secure ID field.
Supported Currencies and Fees
Casino players can choose from a wide range of national currencies when opening a NETELLER account. Currently, the list of available options includes 26 currencies, namely AED, AUD, BRL, BGN, CAD, CHF, COP, DKK, EUR, GBP, HUF, INR, JPY, MAD, MYR, MXN, NGN, NOK, PLN, RON, RUB, SEK, SING, TND, TWD, USD.
Users are advised to choose the same currency they use at online casinos to avoid paying currency conversion fees. Whenever a payment is made in another currency, NETELLER imposes a foreign exchange fee of 3.99% of the transferred amount. In fact, the fee customers will need to pay is 3.99% plus an average daily interbank market rate, which is published by a third party foreign currency data provider.
There are many other fees you should consider before registering a NETELLER account. It is true that deposits via this payment method are free of charge in most online casinos. There are plenty of other costs, however, associated with financial transactions in general. In this case, casino players should remember that funding their e-wallets comes with fees, depending on the payment method. The upload fee for Visa, for instance, is between 1.9% and 4.95%, while it is only 1% for Bitcoin and 0% for local bank deposit and international bank transfer.
Withdrawing from NETELLER to Net+ Mastercard may be free or charged with up to 1.75% fee. It costs $10 via bank transfer, while the fee for a money transfer is 1.45% of the transferred amount, with a minimum charge of $0.50. There are also fees associated with the plastic and virtual cards, offered by NETELLER. Net+ Virtual Mastercard is free, but users can have up to 5 virtual cards at a time, with every additional card costing $3.
The company issues its plastic cards for free, but there is a shipping/handling fee of $13. Cash withdrawals from ATMs are charged 1.75% and there is an annual card fee of $10. Still, it is completely free to pay in restaurants, brick-and-mortar shops or online.
Advantages of NETELLER
Casino players can enjoy the many advantages of using NETELLER for gambling on the Internet. The service is widely recognized across the world – in the early 2000s, it was handling around 85 percent of all gambling-related transactions globally. Today, it remains one of gamblers’ favorite deposit methods and you would find it in most of the well-established, reliable casino websites.
The e-wallet also has one huge advantage over many other payment services and this is its speed. Transactions are processed instantly and in real time via NETELLER, so you can deposit within seconds and start playing for real money immediately. If you opt for this method, you will also be able to quickly withdraw your winnings from your gaming balance to your NETELLER account.
Once you register for the service, you can also apply for a Net+ Prepaid Card and use it even in casinos where NETELLER is not available. While the plastic card allows you to make purchases both on the Internet and in person, the virtual card is specifically designed for those who wish to use it exclusively online. Another important thing to note is that transfers using NETELLER are exceptionally safe and casino players can enjoy relative anonymity and opt for two-factor authentication. Last, but not least, casino deposits and withdrawals using this digital wallet are rarely charged any fees, which is an obvious advantage.
Disadvantages of NETELLER
NETELLER is certainly among the most commonly used payment methods in gambling and betting websites, but it is still unavailable to casino fans in some countries. This includes most of Africa and the Middle East, as well as countries such as Kyrgyzstan, Kazakhstan, Mongolia, Myanmar, and Cuba. Its services are also partially restricted in Canada and the United States, where online gambling is allowed only in a handful of states.
In addition, some casino players may find an unpleasant surprise when making a deposit – certain gambling sites do not offer sign-up bonuses and other promotions to customers who top up their balance using NETELLER. This is why you should always check the bonus policies of casinos before registering an account.
What Casino Games You Can Play
Since NETELLER is available as a payment option in most gambling and betting sites, users can enjoy a wide variety of real-money casino games, bets on sports, bingo, lotteries and many others. In fact, there is no limit to the number of games NETELLER users can access when making a casino deposit with this digital wallet.
- Slots: 3 reel slots, 5 line slots, video slot machines, bonus slots, jackpot slots.
- Video Poker: Jacks or Better, Tens or Better, Deuces Wild, Aces and Faces.
- Roulette: French Roulette, American Roulette, European Roulette, Live Roulette.
- Blackjack: European Blackjack, Switch Blackjack, Spanish Blackjack, Live Blackjack.