How does Deposits and Withdrawals work?
To be able to use the Neteller payment solution you need to open up an account. When you are registering a new account you have to fill in some basic and personal information such as name, address, date of birth, desired account currency, a password and answer some security questions.
You have to have an email address to verify your account. Once this procedure is completed you may use this solution for deposits and withdrawals at online casinos. First of all you have to deposit money to your Neteller account from a third party such as credit card or bank transfer.
You make your deposits from your regular bank account to Neteller and when you make a withdrawal is first goes to your account and then you will transfer the money from that account to your regular bank account. Hence, Neteller is an intermediary for your transactions.
You can make a deposit to Neteller via bank transfer, Visa, MasterCard, Maestro, Ukash, PaysafeCard and several other methods. If you have money in your account, you can deposit directly from it to your online casino and you do not have to wait. The same goes for withdrawals that are usually very quick.
To make a deposit with Neteller you will first have to create a Neteller account. Once you have the account deposits and withdrawals will become very easy and simple. Just click on deposits at your online casino, choose “E-wallets” and click on Neteller.
When the pop-up window appears, provide your Neteller account ID and security ID. You will now need to fill in the amount you want to deposit from your account.
Once you have made the deposit the money will instantly appear on your casino site account and now you are ready to play your favorite online casino games. Withdrawing money is just as easy as depositing money.
Normally the withdrawal amount is immediately transferred to your account. However, most online casinos only allow a withdrawal by Neteller if the sum is the same as the deposit sum.
Advantages with this Payment Method
- You do not give out your bank details to the online casinos.
- It is incredibly quick to make deposits and withdrawals.
- A very safe and simple payment method.
- Payments are very safe with encryptions.
- Transfers are completely anonymous and the recipient will only see your account ID.
- Deposits and withdrawals are carried out instantly from and to your account.
- There’s no risk of building up debts because no credits are provided by this solution.
- Both deposits and withdrawals are possible from online casinos. Many other payment methods don’t provide withdrawals.
Disadvantages with this Payment Method
- There is sometimes a fee for the service with the exception of bank transfer.
- The registration procedure can be time consuming.
- Fees are charged for some of the applications.
- There are limits on certain account functionalities.
Neteller Casino – Review and Conclusion
The methods available for uploading funds to your Neteller account depends on which country the account holder is residing in. Of course, you can use international credit/debit cards from MasterCard and Visa. You can also use bank transfers or other e-wallets. The fees and processing time can vary.
This is one of the most popular payment methods for online casino players all over the world. With a high security standard and fast deposits and withdrawlas this is actually one of the best solutions out there. We can really recommend all of our players to use Neteller, be aware of the fees however that might vary between different online casinos.
To make things clear, this is not a bank, although Neteller follow all the requirements on safety and security as a normal bank does. This solution is required to keep their customers funds in separate trust accounts all the time and they have to be able to pay out all of the money at the same time to all of their customers.
The Neteller-system is available worldwide in many different countries. There are millions of Neteller accounts and today it is one of the most common payment methods for online casino players. Over 80% of the transactions at Neteller are between players and online gaming websites.