What is Neteller?
Neteller is one of the first payment methods used to send and receive money via the internet and online casinos prefer Neteller. It was created in 1999 when Paysafe Financial Services Limited decided to shake things up and provide individuals and businesses with an alternative to traditional payment options. The company began operations in Canada, but in 2004 moved to the Isle of Man, where it has remained ever since.
Currently, Neteller is authorized by the Financial Conduct Authority in the UK and is one of the largest e-wallets around, available in over 200 countries. It supports 26 currencies, 15 languages, and its services have found a home in a wide range of industries, online gambling included. At one point in time, it was processing payments for 85% of the gambling merchants around the world.
Netteller allows users to store funds digitally and transact from their online balances. It’s like a bank account in some way, and all transactions go through the company’s framework in a matter of seconds. It is one of the most popular options for both deposits and withdrawals, due to its instantaneous processing times.
In 2015, Paysafe Group finalized the acquisition of a former competitor, Skrill, another e-wallet that was very popular with Canadian Players.
Deposits Withdrawals Options for Canadians
If you have ever used PayPal or other digital wallets, then depositing funds at an online casino via Neteller should present zero problems. All a player has to do is make sure that his Neteller account has appropriate funds, or that a debit/credit card connects to it. After, he can access the cashier tab at the casino site, choose Neteller as the deposit methods, enter his ID and password, and the desired amount. He must confirm the transaction, and the transfer should be immediate.
Withdrawing funds is equally as easy. A player must visit the same cashier section, choose a Neteller withdrawal, enter his ID and password, specify an amount over the withdrawal limit, and confirm the transaction. The money should appear in the e-wallet account in seconds.
Advantages of Neteller
Canadian players love security and speed. Two things that Neteller provides. It employs high-grade measures that protect against identity theft and fraud. It is a quick and in-expensive payment solution that lets players transfer funds with only an ID and email address. They can even connect their credit/debit cards to their Neteller account as a reliable funding source.
Most popular online casinos accept this method, it offers around the clock customer support, and the only sizable fees a player will have to pay is when they withdraw funds from their Neteller balance to their bank account.
Disadvantages of Neteller
One of the main issues with using this e-wallet is that many gaming sites prevent new users from claiming welcome bonuses if they select Neteller as a payment option, due to a Know Your Customer requirement that is present in some countries. There also might be a slightly drawn-out verification process at some online casinos for Neteller users.
Neteller at online casinos
Neteller is one of the most popular payment methods when gambling online. Games such as jackpots, baccarat, slots and roulette as well as blackjack are can be enjoyed with real money so you can use your bonus. Check out our page that explains responsible gaming. If you want to know more about the words and phrases used in online gambling, please check out our glossary for online casino, betting and table games.
Casinos that accept this Payment Method
- My Chance
- Nitro Casino
- Yukon Gold
- Jackpot City
- Spin Casino
- Zodiac Casino
- Royal Vegas
- Night Rush
For more information regarding the service, please see the product-specific homepage.