Published Published: July 2, 2019 Updated Updated: August 20, 2019

Neteller

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About Neteller

Neteller can count itself as one of the most popular e-wallet payment options in the world, especially when it comes to online casinos and betting sites. This online payment company was first introduced in Canada back in 1999, and made a huge impression on the US market, processing online transactions for around 80% of the worlds gambling sites. Neteller exited the US market due to the associated risks of illegal gambling and moved their head office to the Isle of Man in 2004. Neteller suffered huge losses on their annual revenue figures when they left the US market but the quality of their payment services ensured that they would not be troubled in the long run.

Fast forward to today and Neteller are processing millions of transactions every week in over 200 countries across the world. You can use Neteller to pay for all sorts of goods but it’s the online gambling industry that still proves to be one of their most loyal customers. You have many Neteller betting sites to choose from and you can always be sure of quick transactions and minimal fees.

Signing Up & Verification

Signing up to Neteller is quick and easy, and you’ll be moving money to and from your casino account in no time at all. The UK’s online payments service is fully regulated to ensure absolute safety and security of your money. This means that you will be required to verify your account shortly after you open your account but this is standard practice for every online payment service. Picture ID’s like your driver’s license or passport as well as proof of your address can be uploaded via your account. If everything is above board then you’ll be granted access to the full Neteller feature list with higher payment limits and potential VIP benefits.

Neteller Features

Neteller has introduced some handy features over the years and none more so than the Net+ Prepaid Mastercard option and the Neteller VIP Program. Both of these features give Neteller customers the chance to save on fees and make their online payments that little bit easier. Let’s take a closer look at the benefits of each of these features:

Net+ Prepaid Mastercard

Neteller introduced the Net+ Mastercard to give customers the opportunity to spend and withdraw their funds anywhere where Mastercard payments are accepted. It lets you spend money online just like you would with a standard debit or credit card. You can also use the majority of ATMs around the world to access your Neteller balance and withdraw cash. The card does come with a few limits and fees but these are nothing out of the ordinary and overall, the Net+ Mastercard is a really useful upgrade for those who frequently use Neteller.

Net+ Prepaid Mastercard Fees

  • £8 to sign up and delivery
  • Free to use online and offline
  • Fixed 3.99% foreign exchange fee – VIPs get a better rate
  • 1.75% fee to withdraw cash
  • £8 fee to replace any lost or stolen cards

Net+ Prepaid Mastercard 24-Hour Limits

  • 10 withdrawals
  • £650 withdrawal limit
  • 50 purchase transactions
  • £1950 in purchases

Virtual Net+ Prepaid Mastercard

The Virtual Net+ card is the alternative Neteller card for those only looking to make online transactions. Once you sign up and verify your Virtual Net+ status then you can enjoy 10 purchases a day with a very reasonable £4,550 limit every four days.

Neteller VIP Program

The VIP Program at Neteller has been created for those players who like to move around large amounts of money on a regular occurrence. Just like the improved bonuses and benefits that come with casino VIP memberships, Neteller also offers their own version of improved service with five separate VIP levels to climb up. Your VIP level will depend on your annual deposits and these range from £10,000 for Bronze to £1,000,000 for Diamond. As you move up the levels you can expect to make contact with personal VIP account managers who will offer you personalized banking options, including higher limits, lower fees, faster payouts, and reward points that can be exchanged for real money. Neteller is the number one choice for high rollers wishing to transfer money via e-Wallets.

Payments & Withdrawals

Using Neteller to fund your casino and betting site accounts couldn’t be easier. Sign up, verify your account and you’re then free to move your money around. Your financial and personal details are safe and secure because the casinos only ever see your digital wallet. Your banking details and personal information are all stored away out of site.

Here’s a step-by-step guide of how to sign up and make a casino deposit with Neteller:

How to Use Neteller

  • Sign up to Neteller and verify your account using official ID documents
  • Connect your bank cards and/or other payment methods
  • Transfer money into your Neteller wallet using your preferred method
  • Make a deposit at your online casino using the Neteller banking option
  • Enjoy your online casino experience
  • Withdraw any winnings back to your Neteller wallet
  • Transfer back to your bank, spend on other online services, or withdraw cash using the Net+ Prepaid Mastercard option

Online payment methods like Neteller are particularly useful for those who like to keep their online gambling private. Using an e-Wallet ensures that the casino brand name does not appear on any bank statements and in this case, only the name Neteller will appear alongside the amount transferred.

Neteller Fees

You do have to expect some fees because Neteller needs to make money some way, right? The great thing about this e-Wallet is that the fees are super low and the terms are simple to understand. Neteller offers incentives of lower fees for those who join the VIP membership so there are better options available if you make large transactions. For now, let’s take a look at the standard fees so you know what to expect when using Neteller:

Neteller Deposits

You should not need to worry about any fees when making deposits to your betting accounts. Many Neteller sports betting and gambling sites will absorb the transaction fee on the customer’s behalf but unfortunately, not all sites do this so be sure to double check the banking section for any hidden fees. More often than not though, the amount you deposit will be the same amount you see in your playing account. Funding your Neteller wallet with popular options like Visa, Skrill, and Paysafecard will result in a small fee of around 2.5%. The only way to escape any fees when funding your Neteller account is to use the Prepaid Mastercard or make a single transaction of £20,000 or more! Most players will incur a small fee but it’s worth it for the fast and easy service that Neteller offers. Fees are known to change from time to time so a quick check on the official site will give you all of the updated information that you need.

Neteller Withdrawals

You will not incur any fees when withdrawing winnings from your casino account to your Neteller wallet. All of your winnings will be returned in full to your e-Wallet account balance and from there you have a few options to send your money on elsewhere:

Withdrawal MethodNeteller Fee
Merchant sites$0
Net+ Prepaid Mastercard0 – 1.75%
Money Transfer1.45%. Minimum $0.50
Bank transfer$10
Member wire$12.75

Other Neteller Fees

  • Neteller will charge 3.99% on top of exchange rates. The only way to reduce this is to become a VIP member where the fees can be as little as 1%.
  • Inactivity fees are in place and you’ll be charged £5 a month if you do not log in or make a transaction in any 12 month period.

Advantages & Disadvantages

Neteller has made a lot of improvements over the years,thus the advantages will outweigh the disadvantages here. The fact that they are one of the leading online payment providers in the world shows us that they are trusted and are considered as a safe option by many. Let’s learn more about the advantages of Neteller here:

Neteller Advantages

  • Multiple Neteller sports betting and casino sites
  • Knowledgeable with casino players
  • VIP Programs with high limits and low fees
  • Instant casino merchant deposits
  • Multiple deposit methods to fund Neteller balance
  • Promotions and special offers
  • Private and secure online payment service

Neteller Disadvantages

  • Small fees are charged
  • Many casino bonuses don’t accept Neteller deposits
  • Withdrawal and deposit limits are in place but may increase over time
  • Verification is required although it’s a fairly quick and easy process

FAQ

Does signing up to Neteller cost me anything?

Signing up to Neteller will cost you nothing and the only fees you might have to pay are related to deposits and withdrawals.

What betting sites use Neteller?

Betting with Neteller is easy with nearly all of the major sites accepting Neteller deposits. Some of the big names include 888 Casino, ComeOn, Party Casino, Leo Vegas, and Bwin.

Are my details kept private when using Neteller?

Yes, your details are always private and secure when using Neteller. Casinos can only view your Neteller balance and you’ll only ever see Neteller on your bank statements.

Can I claim Neteller casino bonuses?

Many casinos do not accept Neteller deposits when players sign up to their welcome bonus. You might come across one or two Neteller casino online welcome offers but it’s best to check the T&Cs first to make sure.

Is Neteller safe and secure to use?

Yes, Neteller is one of the leading online e-Wallet payment providers and your details are secure. Making a casino deposit with Neteller is a quick and secure process which many casino players take advantage of every day.

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