Neteller could be easily called the original online casino e-wallet and the
company remains one of the top players in the casino deposit/withdrawal arena.
Established over a decade ago (1999 to be precise), the initial goal of Neteller was to help
facilitate online gambling transactions for North American and European players,
but following some frictions with the US government over the legality of
internet gambling, Neteller left the US market and solely focused on the UK and
Pan-European casino industry. Today Neteller, with a market cap of over
£120 million, is still one of the "big boys"
of gambling-related financial transactions, although the company is also making
strides to become a generally accepted e-payment solution, adding services such
as Master Card prepaid credit cards.
How to use Neteller
As we already mentioned, Neteller is an e-wallet, and as such it offers
their customers a convenient and secure way to make deposits and to receive
withdrawals from the online casinos.
A lot of people don't have credit cards, others simply feel uncomfortable using
their credit card or bank account information at the gambling websites and this
is where Neteller comes. Being a middle man in the process, one can fund their
Neteller account, whether by credit card or a bank transaction, and then in turn
use the Neteller account to deposit money to (and withdraw from) the online
casino. The fees Neteller charges the casinos for processing are so competitive
- many online casinos will give additional bonuses to players who chose to
deposit via this method, something to keep in mind. See the casinos accepting
Neteller below to find those extra deposit bonuses.
Funding your Neteller Account
Neteller is well licensed and regulated, authorised by the UK Financial
Services Authority and employs a rigorous security certificates. One can fund
their Neteller account using over 20 different methods, although the most
popular ways of putting money in your Neteller wallet is via a bank account or
credit card. The most recommended method is the fund your Neteller account via
bank transactions, since those do not incur any fees on your side. Credit cards,
while more convenient, carry a fee of between 1.75% all the way to 4.95%.
As far as getting your money out of Neteller - simply request a bank
transfer or use their Master Card to make purchases offline. For a nominal fee
of a few pounds you can request Neteller to transfer a chosen amount to your
bank account and the money will be there in a few days at the latest. Using
thier Master Card option will enable you to withdraw cash fro ATMs and make
purchases offline, just like you would with a regular Master Card credit card.
In addition to the convenience and security this casino payment method
offers the UK gambler, the e-wallet has also added some rewards to the account
holder benefits. Customers of the e-wallet accumulate "reward points" with every
transaction they make, the points could later be used to either get some free
merchandise or converted into cash. An additional tiered VIP programme gives
those customers who use Neteller a lot the option of receiving cashback, free
credit card transactions, extra reward points and more.
UK registered offices:
Optimal Payments Ltd, 2 Mount Pleasant, Cambridge, CB3 0RN, United Kingdom
Netbanx Ltd, 2 Mount Pleasant, Cambridge, CB3 0RN, United Kingdom
Phone numbers in UK:
+44 20 3104 0102
+44 20 3139 9044
Neteller trades on the Exchange under its parent company, Optimal Payments Plc (OPAY.L)
All of the UK online casinos we have recommended accept Neteller as a
depositing and withdrawal option for players residing in the United Kingdom, but
some offer better bonuses for those who chose to fund their casino account this
way. We recommend Lucky Nugget,
Mr Green and
Casino Euro if
Neteller is your preferred banking method at the online casinos.