Neteller is one of the digital wallets that you should take into consideration when choosing a payment method. It is one of the leaders in online payment solutions who has been processing online gambling payments since 2000.
Neteller is an online digital wallet that provides users with a fast and secure way to move money online. It is a perfect solution for customers who need fast access to funds and more efficient money management. Primarily, Neteller is focused on the gambling, trading and forex industry, which means you can use it to play in many online casinos. Neteller is now available in over 200 countries around the world and supports 26 currencies.
Neteller was first launched in 1999 in Canada and later in 2004 moved to the Isle of Man, and that same year the company was listed on the London Stock Exchange. It is one of the first digital wallets that started processing online gambling payments, soon after they started operating. In 2015, the company was acquired by Paysafe Group, along with their rival Skrill, and has become one of the largest players in the global market of electronic payment systems. Paysafe Financial Services Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money and payment instruments.
Many merchants are accepting Neteller payments, so you can make payments online when purchasing goods or services, transfer money and sell and buy cryptocurrency. This can all be done using their website, however, people nowadays prefer having an app that they can use on their mobile device. Neteller has a mobile app compatible with Android and iOS devices. You can download the app from your store or go to the website and download it from there. The app has all the same functionalities as the website, so you don’t have to worry about that.
Using the Neteller services you will also be rewarded as a loyal customer. Neteller has a loyalty program Knect, that rewards loyalty points when transferring funds. The points can be exchanged for cash, vouchers, or other prizes.
Another important thing to mention is that Neteller have actual cards for the customers. There are two types of cards: Net+ Prepaid Mastercard® and Net+ Virtual Prepaid Mastercard®. You can use the Net+ Prepaid Mastercard® to shop online or in-store and to withdraw cash from an ATM. On the other hand, you can use Net+ Virtual Prepaid Mastercard® to make online purchases wherever Mastercard is accepted. It is a virtual card so you can’t use it in-store or withdraw money from an ATM. Both these cards are linked to your Neteller account and are only available to residents of authorized European Economic Area (EEA) countries.
Online Payments with Neteller
Neteller is the payment method that comes in handy when you want to make fast online payments, especially if your bank card is not accepted by some merchant. Almost every online site that is selling some kind of goods or offers services, accept Neteller as a payment method. With your Neteller account, you will always have insight into your expenditures, you can track your expenses and manage your funds more efficiently.
As Neteller was one of the first digital wallets to start processing online gambling payments, it is still the most used and most trusted one. With Neteller, you can make payments and receive your winnings into one account, without the need to provide your bank account to the online casino. Once you have your Neteller account and you deposit funds on it, you can make it the primary deposit and withdrawal method of your online casino account. That way you can easily transfer or withdraw funds, with no additional information required and no waiting, since the transfers are done immediately.
Send and Receive Money with Neteller
With Neteller, you can send money all over the world to anyone with a Neteller account. But, the great thing is that you can send money even to people that don’t have a Neteller account. All you need is the person’s email address. Neteller will send an email to let them know their money is waiting for them. One thing that Skrill has and Neteller doesn’t, is the option to send money directly to another person’s bank account.
As you can send money with Neteller, you can also receive money in the same way. If you have Neteller account, the transfer is deposited and available instantly. If you don’t have, you will receive an email that someone sent you money, so you can open an account in just a few simple steps for free.
Buy and Sell Cryptocurrency with Neteller
In the past few years, cryptocurrency has become a global phenomenon. These digital currencies have transformed the market since they first appeared, and their popularity just keeps rising. Neteller gives you the opportunity to buy and sell cryptocurrencies in a matter of seconds. The process is very simple. You can use your fiat currency to buy any of the cryptocurrencies offered, and keep them safe in your account. With Neteller, you can also send cryptocurrency or exchange it for any of the other available cryptocurrencies. The available cryptocurrencies are Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, 0x, Stellar Lumens, EOS, Tezos, OMG Network and Chainlink. If you already have Bitcoins on your account, you can exchange them against Cosmos, Dash and Kyber. These transactions also count towards the threshold to become VIP.
For depositing money to your account, Neteller charges a certain fee. For a single transaction of USD 20,000 (or equivalent) or higher, there is no fee. However, for any other deposits, there is a fee of 2.50% regardless of the method used. But, this fee is charged only when you are depositing to the Neteller account. When depositing money from your Neteller account to your online casino account there are no fees whatsoever.
making withdrawals from the account comes with a fee as well, depending on the withdrawal option. Withdrawing to your bank account comes with a fee of $10, and it takes from less than 1 day up to 5 business days for the money to show up to your bank account. Withdrawing to a mobile wallet comes with a withdrawal fee of 1.45% (min. EUR 0.50).
Transferring money with Neteller also comes with a fee. The regular Neteller fee for sending money is 1.45%, min USD 0.50. Before you complete the transfer the fee will be shown, in case of any change.
For buying and selling cryptocurrency, the fees depend on the amount spent. So, for transactions up to $19.99, the fee is $0.9 per transaction. For transactions between $20-$99.99, the fee is $1.99 per transaction. If you make a transaction of over $100 the fee is 1.50 % per transaction. Finally, for Crypto P2P the fee is 0.5% per transaction.
Neteller is authorized by the Financial Conduct Authority. This means, among other things, that your confidential financial information will not be displayed when you pay with a Neteller account. Neteller can ensure maximum security at all times.
Neteller has the latest technology that protects you from identity fraud and money laundering. Some of the technologies used are BIN / IP control, real-time transaction monitoring, security authentication (CV2 / CVV), fingerprint and account monitoring. These security measures guarantee protection against fraud. However, Neteller advises its clients to take precautionary measures as well. For example, using a Two-Step Authentication provides an additional layer of security. Also, using a strong password, not sharing your account information with anyone and avoiding public computers to log in to your Neteller account, are some of the additional precautions that you can take to protect your account.
How to Get Started with Neteller
Opening an account with Neteller is very easy. Go to their website, and on the top right-hand side corner, you will see the Join for free button. Just click on it and a registration form will open up. You will need to provide your full name, country and currency, email address and create a strong password for your account.
Click the “Register” button and an additional form will open, where you need to enter your address, date of birth and phone number. Your account will be ready to use once you make your first deposit.
Recommended Casinos accepting Neteller payments
As we mentioned, Neteller started processing gambling payments in 2000, and today, it is available in almost every online casino. They guarantee fast, simple and secure transaction. Because of this, many players prefer Neteller over other conventional payment methods. If you decided to open a Neteller account and you still haven’t chosen the online casino that suits your needs best, we might help you with that.
For instance, if you are keen on using cryptocurrency, choosing Coinbet24 bitcoin casino and use Neteller to buy and sell the cryptocurrency. It is the online casino with the highest bonus when making a deposit with bitcoins. Coinbet24 casino bonus for new players is 100% match up to 1 BTC, so follow the LINK to login and start making bitcoins.