Online Casino Payment Methods : Neteller
You may have noticed that most online casinos offer a variety of options for how you can make deposits into your player account for wagering purposes. Stick with us as we review how you can make payments with Neteller in the UK, discussing the benefits that can be enjoyed with this payment method, as well as any drawbacks in choosing it.
What is Neteller?
Neteller offers a fast, easy, and safe way to make payments and transfer your money online, without ever having to give out your bank details. This makes it ideal for casino use as you never have to give out your credit or debit card number, protecting you from potential fraud.
As a highly reputable, global online payment provider, Neteller claims to have over 23 million account holders that use their digital e-wallet services for safe online money transfers and more. Neteller was launched back in 1999 and is part of the British owned Paysafe Group, which is one of the world’s largest online payment companies. Although an international company, Neteller maintains a heavy presence in the UK, offering many benefits to responsible gamblers based here.
You can make deposits instantly and, unlike some other payment methods, it also allows you to withdraw your winnings and enjoy almost instant access to your funds once the transfer from the casino is complete.
New Neteller Casinos
Neteller is an acceptable payment method at many online casinos. Check out our list below of some of the best new Neteller casinos and visit the link to read the selected casino review.
Why use Neteller to deposit at online casino sites?
There are several reasons why online casino players choose to use Neteller for their financial transactions at online casino sites. As mentioned previously, Neteller provides a safer way to make deposits, allowing you to keep your banking details to yourself and protecting you from identity fraud.
With Neteller, you can also move your funds around instantly and it’s much more convenient to use than a debit card as it saves you from searching around for your wallet and painstakingly inputting your card details each time.
And don’t worry, Neteller users still get to enjoy all of the welcome bonuses and any other perks offered by their chosen casino, such as first deposit bonus and free spins.
How do I pay at online casinos using Neteller?
Funding your casino player account using Neteller is very fast and simple to execute once you have already established and funded your Neteller account. Simply login to the casino account that you wish to pay into and find the cashier section of the website. Once you’ve selected Neteller as your preferred payment choice, you just need to insert your Neteller account ID and password, as well as the amount you would like to deposit.
Neteller offers very fast transaction times, meaning your deposit at the casino should show almost immediately.
If you have yet to get a Neteller account, then you must first visit their website, sign up for a free account and then deposit funds in your Neteller account.
Neteller average withdrawal limit and payout time
The majority of casinos place an upper and lower limit on the amount of money you can withdraw in any given week, but we’ve found that it can vary wildly from casino to casino, so it’s best to check specific terms with your chosen casino. Having already done the rounds however, we found that the average withdrawal limitations are placed at around $10 to $30 min and $2,500 to $5,000 max, when withdrawing to Neteller accounts.
The average payout time also depends on which casino you’re playing with, but once released from the casino, the money should appear in your Neteller account within just two to six hours.
Are there any fees attached to Neteller at online casino sites?
Casino operators will not charge you for using Neteller to make payments or withdrawals. Neteller will also not charge for making payments to your online casino account and withdrawing cash back into your bank account is yet another free service for UK customers.
However, there are fees for funding your Neteller account and for making money transfers. When funding your Neteller account you will be charged a 2.5% processing fee, unless that transaction is greater than $20,000 USD (GBP equivalent).
Also if you’re making a Neteller to Paypal transfer, then you’ll need to go through a third party exchange site to facilitate the transfer, which may be subject to a fee.
If you’re wondering what kind of slots are available when you’re paying with Neteller, then luckily for you we’ve compiled this handy list of all the best Neteller slots available.
Find New Slot Games
Neteller is one of the world’s most trusted online payment providers. They have some of the most up-to-date security measures available, including the latest anti-fraud tools and 128 bit encryption technology. They are regulated and licenced by the UK Financial Conduct Authority, meaning that 100% of your money is held in trust accounts until you need access to it.
Using Neteller to make all of your casino deposits and withdrawals in particular is much safer as it allows you to avoid ever giving out your card details online, or to third parties, which can leave you vulnerable to theft or fraud.
Mobile casinos using PayPal
There are many mobile-friendly casinos catering for the UK market that will accept Neteller as a payment method, as they’re aware of its popularity. Here are some of the best.
Recap of the advantages and disadvantages of Neteller
- ✔ You can enjoy almost instant transactions
- ✔ Much safer way to transfer money online
- ✔ Very simple to use once you have a Neteller account
- ✔ Great customer service team
- ✔ Two step authentication method is available for extra security
- ✔ Withdrawals are permitted to Neteller accounts
- ❌ Charges apply for funding your Neteller account
- ❌ You need to set up a Neteller account before you can play
- ❌ Neteller deposits with paypal must go through a third party
Welcome bonus available using Neteller
If you’re looking for the best deposit bonus available online, whether it be in the form of cashback or extra spins, then check out our list below for the best welcome bonuses around.
Find your Preferred Casino Payment Method
What is Neteller?
Neteller is an e-wallet that allows you to make online payments and deposits to merchants, much more safely than with your bank directly. The service is well-trusted and features fast transactions, not to mention how easy and convenient it is to use.
When was Neteller created?
Neteller was first launched in 1999 in Canada and then in 2004, the company relocated to the Isle of Man.
They launched their Neteller card in 2003, which was then rebranded to Net+ in 2008.
How to use Neteller to deposit?
Make sure you have funds available in your Neteller account and then login to your favorite casino. Navigate your way to the cashier or payments section of your chosen online casino. Select Neteller as your payment method, enter your details(account ID and password) and the amount you want to deposit. The payment to the merchant should
Is Neteller secure?
Yes, Neteller is a reputable company that is regulated by the Financial Services Authority and authorised by the UK Financial Conduct Authority. It is considered to be one of the safest ways that you can transfer money online due to their advanced security measures and reduction in fraud potential..
Are there any fees when using Neteller?
There are some associated fees when using Neteller, mainly the 2.5% charge for funding your Neteller account. You won’t be charged by Neteller when you want to withdraw your winnings and there are usually no extra transaction fees from the casino end for deposits or withdrawals.
What is the average payout time using Neteller?
Most casinos take between one and three days to pay out as the funds need to be double checked before being released. Once the funds are released however, the funds will appear in your Neteller account within two to six hours and are then available for use or withdrawal immediately.