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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.

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