Review
Neteller Online Casino Payment Processor
Neteller
is the payment processor of choice within the online gambling
community. Once online casinos couldn't accept deposits made using
Paypal, Neteller stepped in to fill the void with the same type
of simple deposit and withdrawal options. Neteller is so widely
used today that some players won't deposit at an online casino
that doesn't accept it, as a matter of credibility.
To set up a Neteller account, all you need is an email address
and access to the Internet. Setting up your account is free and
most of the depositing and withdraw functions are free as well.
Once you set up your account there are a few different funding
options. The easiest and free option is to register a checking
or savings account with them to transfer funds. Once you do this,
with a few clicks you can send money for free. This usually takes
1 to 3 days. Another option is to use a credit card, but there
is a fee of around 3% for this feature. Once you establish your
account, you should verify your bank account with Neteller because
it allows you to transfer larger amounts of money. Establishing
your account is accomplished by Neteller depositing two small
amounts a few cents in your bank account and you verifying these
amounts in on a form on the site.
Once you verify your account, you are able to use the InstaCash
deposit feature that instantly credits your Neteller account with
a deposit. This feature carries a hefty percentage of almost 9%,
so waiting the few days it takes to transfer money from your bank
account may be worth a wait for large sums.
After your funds land in your account, depositing in the casino
of your choice is as simple as signing up for an account and filling
in your Neteller user information. Almost all of these deposits
are instantaneous on the casino side, so you can be playing in
a matter of seconds. Once you decide to cash out your winnings,
the casino can send them back to your Neteller account. These
transactions don't cost you anything at most casinos.
To get your cash out of your Neteller account, there are two options.
The first is to transfer it back to your bank account. This transaction
is free and takes between 1 and 3 days usually. The other option
is a Neteller ATM card. They will send you one for free and you
can access your funds at most ATM machines worldwide. There is
a $2 fee to transfer money from your account onto the card plus
any fees that the ATM charges, but it is a fast way to access
your money.
Neteller claims to have over 2.5 million users and is accepted
at over 3,400 online merchants. They started in 1999 with their
main offices in the Isle of Man and regional offices in Canada,
Costa Rica, England and China. Most players use them exclusively
for their online gambling bankroll and recommend them highly.
Click
here for a list of online casinos that accept Neteller payments.
Click
here for an overview of all the casino payment methods.
Casinos by payment methods