Last Updated: July 17, 2018
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NETELLER used at Online Casinos
Introduction
The current Neteller is unrecognizable when you recall what it was like in its heyday. Paysafe Group Plc is the parent company, with Skrill and Paysafecard also under its umbrella. Greedy fees have turned customers off, not to mention the devastating loss of the Net+ Prepaid MasterCard in 2016, which affected users in over 100 countries. In terms of online gambling, it’s still a commonly used secure payment method. Read on for details regarding using transactions, charges and more.
Getting Started with Neteller
Sign-up online with pertinent information including:
- Currency
- Name
- Date of birth
- Gender
- Address
Gaining full access to all services available will require account and identity verification. Prepare to provide an ID and attached bank account. Unverified users have limited access, including four lifetime purchases up to a specified amount.
Conduct transactions online with partner merchants, request the prepaid MasterCard or transfer the balance to a bank account. Check the processing times in your region as bank transfers may not have same-day availability.
Fees are charged for most deposit methods, withdrawals and transactions involving currency conversion. A fee for depositing is rather discouraging, however, funding your account via bank transfer is free, while withdrawals to a bank will cost you.
Net+ Prepaid Card: A MasterCard branded card to be used for online/offline purchases and ATM cash withdrawals just as any other card would be used. It’s considered a ‘prepaid’ product because the funds availability is based on your Neteller balance. The card is available in regulated markets within the Single Euro Payments Area (SEPA).
An administration fee is charged after 14 months of inactivity and for each subsequent year for up to 3 years of inactivity. Users may reclaim any funds left in the account until the 6th year of inactivity, when funds are forfeited.
The Bottom Line
Neteller is a widely accepted payment method, so you’ll have no problem finding merchants or casinos to accept it. Casinos often process Neteller withdrawals immediately, which means funds hit your account fast. The safety and data protection are top-notch, which leaves the issue of the fees. As compared to other e-wallets like ecoCard, they’re sky high. We’re not sure why they’ve chosen to become one of the most expensive e-wallets on the market, but please review the list of charges before you register. Service charges vary by country and currency.
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