Neteller is one of the safest and fastest digital payment methods in Europe. The concept is quite similar to that of the better-known e-wallet PayPal. Nevertheless, there are some differences between the two payment methods, which we have tested in detail at this point.
Meanwhile, Neteller is definitely one of the best PayPal alternatives. The company enjoys an outstanding reputation and is especially suitable for online casino payments.
In our test, we will tell you what Neteller slots are all about, where they can be found and what requirements have to be met in order to use this payment method.
In the meantime, the service provider, which specializes in digital payments, has made a name for itself in more than 160 countries. There are many aspects that speak for Neteller – but also some disadvantages.
To deal specifically with the difference to PayPal: Neteller does not accept payments in advance. So you can only use the wallet for payments in the casino if you have loaded funds beforehand. This is possible, for example, by bank transfer or credit card.
The casino operator as such only gets a payment confirmation but does not get an insight into your private banking data. This makes Neteller not only one of the fastest payment methods in online casinos, but also one of the safest. You do not have to pay any fees when making a deposit.
This also speaks in favor of taking a closer look at the group’s service as a vigilant casino fan. In the next step, we will tell you how Neteller payments work, which costs might have to be taken into account, where the payment method is used, and whether there are any disadvantages that might even speak against using the e-wallet.
The fact is: virtual wallets like these have been in vogue for years. Today, there are hardly any casinos without Neteller and similar alternatives.
|Company name||Paysafe Financial Services Limited|
|Registered office||Cambridge United Kingdom|
|Available||in over 200 countries|
How Neteller works in the online casino
Since Neteller is a virtual wallet, you must first create an account before using it. This can be done at any time free of charge and in just a few minutes at www.neteller.com. The virtual wallet you set up can then be filled with credit. To do this, you either enter your bank details in the field provided, or you enter credit card details.
The booking as such usually takes no longer than two to three business days. You can later use the funds on Neteller for depositing into the casino without any restrictions. You choose a provider, register, and visit the cashier. Here you click on “Deposit” and can then choose Neteller.
After logging into your Neteller account, the payment can be confirmed. The money will be available in your casino account in real-time. Verification may be required to actually make unrestricted bookings. The use of Neteller is usually free of charge.
Advantages & Disadvantages of Neteller Casinos
1.) What advantages does Neteller offer as a payment method in the casino?
Neteller is fast, easy, and, above all, above-average secure. You do not have to give any personal information to the casino, nor is it necessary to provide credit card or bank details. All transactions are carried out by Neteller free of charge in real-time. Especially if you do not want to make a bank transfer, the e-wallet Neteller is optimal. The casino operator receives the payment confirmation directly.
So you can play immediately with real money and do not have to wait a long time for the credit. Neteller also has various advantages as a virtual wallet in terms of cost control. After all, you can only deposit money if you have the corresponding funds in your wallet. If you want to manage your balance reliably, Neteller is the best choice. In addition, there are hardly any online casinos today that do not offer payment methods. So you can deposit money everywhere with a single account and in minutes start playing Neteller roulette, and of course, receive withdrawals after winnings.
The most important advantages of Neteller at a glance:
- Best possible data protection
- Thousands of acceptance points worldwide
- Credit in real-time
- Free of charge
- Local flexibility through Net+ credit card
With the still fairly new Net+ Prepaid MasterCard, you can now enjoy even more benefits. The card is available for ordering or as a virtual alternative. You can also use it to make convenient payments locally and in numerous online stores without first having to laboriously transfer money from Neteller to your account or to another credit card.
2.) What are the disadvantages of Neteller casinos?
Neteller is one of the payment methods with the fewest disadvantages. Transactions from Neteller to your casino account and withdrawals of winnings are completely free. However, you may still incur fees – and that is whenever you transfer your funds from Neteller to a credit card or checking account.
At www.neteller.com you have ample opportunity to find out about the payment service provider’s modalities and possible costs.
While transactions themselves work quite quickly with Neteller, a transfer can sometimes take several days. However, this is necessary if you want to use your cash balance. The alternative is the inexpensive Net+ credit card from MasterCard. This can be optionally applied for and also used locally at any time – in fact, anywhere MasterCard is generally accepted.
The disadvantages at a glance:
- Fees for transfers and currency conversion
- Money only available in cash with bank transfer or Net+ card
- The welcome bonus is often not granted with Neteller payments
Of course, the fees are a clear disadvantage that you should definitely take into account. For example, if you want to transfer a profit to your current account, a flat rate of 7.50 euros is due. Up to 25 euros, depending on the amount, if the booking is to be made to a credit card. Nevertheless, the advantages of the Neteller payment service also outweigh the disadvantages. The company has now specialized in online casino transactions and offers you especially here significantly more security than many other payment methods that are usually offered in the industry.
You absolutely have to pay attention to the fact that not all Neteller casinos offer bonus credit for new customers if you decide to use this payment method. Unfortunately, we do not have an answer as to why Neteller is relatively often excluded from the starting balance, just like Skrill. Details on the subject are best asked directly to the support of the selected online casino.
Bitcoin deposits via Neteller
Now new at Neteller: You can now make bitcoin transactions to the casino – even if it’s a provider that doesn’t accept the cryptocurrency directly!
Neteller explains, “NETELLER customers can now convert their funds from local FIAT currency (EUR, USD, etc.) to cryptocurrency, giving them a stake in various cryptocurrencies through their wallet.”
So, as of recently, it is possible to easily push your bitcoins into the wallet. There, the settlement takes place according to daily updated rates. You can use the now available credit as you wish in the casino of your choice. Our following table tells you in which casinos you can deposit Bitcoin via Neteller.
Tips & tricks for paying with Neteller
Another plus point of the cards: Even online casinos that do not accept Neteller as such accept MasterCard. The Net+ card can be used just like its real counterpart – with the difference that sufficient funds must be loaded.
Especially with regard to the possible bonus exclusion, it makes sense to first look around in several Neteller casinos online and specifically deal with the bonus conditions there. As already noted, the starting balance for new customers is often not credited if your payment was made with Neteller. Similar principles apply to Skrill, so you should definitely switch to a provider that assures you Neteller transactions and the bonus in equal measure.
On the https://www.neteller.com/features/ rewards page, the company shows you one of the biggest plus points. You have the opportunity to receive bonuses from Neteller itself over and over again – simply for your activity and loyalty. According to the operators, the whole thing works quite simply:
“Members of NETELLER get the best online offers. All you have to do is process a payment on one of your favorite sites to receive a great bonus. It’s that simple! To receive exclusive bonuses, you can simply log in to your account and visit the Hammer Offers portal. Not a member yet? Use the Register for Free!”
If you look around a bit on the company’s website, you’ll quickly realize that Neteller is basically self-explanatory. Registration works in minutes, fees are only incurred under certain conditions, and sufficient flexibility is also provided for with the Net+ credit card as well as the new NETELLERgo! secure mobile payment solution. Nevertheless, questions can naturally arise. We will now get to the bottom of these in detail:
1.) What are the fees for a Neteller payment?
Deposits and withdrawals in the casino work with Neteller free of charge. However, there are costs whenever you want to transfer your balance from Neteller to another payment method, such as a credit card. To save as much money as possible, we recommend that you apply for a Net+ credit card. The fees for the real card are absolutely manageable, but you are offered correspondingly more flexibility and you do not have to wait several days for payments to be transferred from Neteller to the checking account or the classic credit card.
2.) Is there a Neteller bonus in the casino?
In almost all online casinos you have the opportunity to secure a welcome bonus. The problem is that just this is omitted in many companies if you deposit with Neteller. You should read the conditions of the provider all the more carefully. If you generally want to waive the bonus, Neteller can of course always be used as a payment method. However, you will only receive a special Neteller bonus in very rare exceptional cases – mostly in the course of special promotions.
3.) Why should you use Neteller?
Neteller offers you a lot of advantages. You can deposit money into the casino in seconds with a simple registration, request withdrawals and, thanks to the Net+ card, also make payments locally at any time without having to put up with long waiting times. Also and especially in mobile casinos, Neteller is one of the easiest as well as safest payment methods worldwide. The company specializes in online gaming and offers you various advantages in this area – first and foremost the bonus program, which is unique in this form.
The more often you pay with Neteller, the more bonuses and gifts you can be sure of. Although fees are sometimes incurred, they are only significant in exceptional cases. Overall, the online wallet is in no way inferior to its big role model PayPal. Another advantage of Neteller is that it is a prepaid solution. This means that you always have full cost control since you can only use money that is actually in the digital customer account.
4.) Do casinos allow transactions via Neteller?
The number of casinos where Neteller payments do not work is definitely manageable. The service has been specialized specifically for the mobile gaming sector and has been implemented by almost all EU licensed gambling sites for that reason alone.
We have already presented the best Neteller casinos 2021 in detail on our pages. A clear advantage over systems such as Sofortüberweisung or Paysafecard is that you can not only deposit money with Neteller but also secure withdrawals at any time. Both methods work smoothly in reputable online casinos and, above all, much faster than the classic alternatives.
5.) How secure is Neteller?
Security and data protection are writ large at Neteller – as the operators themselves also state:
“Our security measures protect you both online and offline. These are precautionary measures for your account to protect your security… Two-Step Authentication is an additional security measure on your account. It provides an extra layer of security to your account by requiring a code from your smartphone to be entered along with your email and password.”
Of course, there are things you can do yourself to ensure security when making payments via Neteller. If possible, your password should be such that it cannot be guessed by anyone. Under no circumstances should you pass it on to third parties. The service provider itself will also not ask you for passwords. If you receive a suspicious email or phone call, this is what is known as phishing. You should report any attempted fraud to Neteller immediately so that the company can take appropriate measures and further increase protection.
6.) How long does a withdrawal via Neteller take?
As already noted, Neteller casino deposits work in real-time. If you would like to withdraw your winnings, the average waiting time is two to three business days. This is always somewhat dependent on the provider. In the meantime, the majority of all Neteller casino bookings are processed automatically – within 24 hours. After that, not much time should pass before the money reaches you. Many companies state a maximum of 72 hours as the average waiting time.
However, we have made the experience that it is significantly faster in most cases. This is precisely why Neteller is now being used by more and more players in Europe.
7.) Are there any Neteller alternatives?
Neteller is a so-called electronic wallet – also called e-wallet or online wallet. The system is probably not new to you, because the best-known Neteller alternative worldwide is of course PayPal. But Skrill can also be described as a good alternative. All three payment methods require registration and allow the majority of all transactions free of charge.
With the account set up, you have the ability to make payments in real-time, whenever you want and wherever you are. Unlike PayPal, Neteller does not take payments in advance, but it is ultimately not particularly difficult to fill up the account. The most similar to Neteller is the wallet service provider Skrill, which provides almost identical benefits and services.