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Neteller in UK Casinos
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Given the fact that online gambling is not only legal but also a very popular activity among UK citizens, it goes without saying that there are millions of UK players across the perfectly licensed sites by the UKGC. If you know anything about the industry, you know that the UKGC is the most respected regulator with worldwide recognition. So, sites that hold its license are considered among the safest. And across these sites, only secure and trustworthy payment methods are offered to players, solutions like Neteller. This eWallet is one of the most popular across UK casinos, alongside its sister products Skrill and Paysafecard, and one that many choose over any other. Not only are transactions with it in pounds, but the solution also offers instant processing times and a few more perks under its belt. So, if you wish to find out more about it to be prepared for when you eventually decide to use it, continue reading. What is Neteller and why decide to choose it as your payment method at a UK online casino?
Online Gambling Regulation in the UK
The UK is dubbed the most secure, well-regulated, and popular online gambling market in the industry. That’s due to the fact that the activity has been enjoyed for ages in the country, even before gambling went online. The land-based gambling industry regulation was introduced back in 1928, with the approval of King George V. Running smoothly for almost a century, the industry has been available to generations of Brits, and even the royals enjoy it from time to time, especially when it comes to horse racing betting.
Now, as far as more modern-day regulations go, with the introduction of the Gambling Act 2005, the UK offers legal online gambling. The authorities introduced Brits to the UK Gambling Commission, the now most respected regulator, the watchdog that took the Gaming Board for Great Britain's place on the scene. The UKGC was put in charge and is still responsible for the operations of licensed operators, software providers, and other gambling-related companies that cater to UK players. It is in charge of overseeing operators that are legally allowed to offer arcades, online casinos, bingo, online sports betting, and lotteries.
The UK Gambling Commission is also known as one of the fairest but also strictest regulators in the industry. It is always one step ahead and always ready to introduce new changes to laws in order to keep the market as one of the safest in the world. The UKGC implements new rules regularly, oversees operators, fines them, and even revokes their licenses if necessary, to maintain a fair and safe environment for UK players.
The most drastic measure it took in recent years, in efforts to protect minors and vulnerable from gambling harm, is the credit card gambling ban it introduced in 2021. Ever since the ban was introduced, no UK player can use a credit card for transactions even remotely related to gambling. Additionally, the regulator came out with a statement further explaining that not even prepaid cards, eWallets and any other alternative methods that can be funded with credit cards cannot be used for online gambling purposes as such. That’s why many eWallets, like Neteller, for instance, clearly changed their rules when it comes to their UK users, blocking their access to credit cards for topping up their accounts.
Neteller was and still is one of the most popular eWallets offered across UK online casinos. When the UKGC introduced the ban, it immediately shifted its attention to its UK users, to continue to cater to them in the best way possible, by offering them many alternatives to top up their eWallet accounts. So, it is a perfectly good solution for you to use as a UK player, for both deposits and withdrawals across UK online casinos. It allows for transactions in pounds, but that’s not the only reason why you should consider using it; there are plenty of others! In fact, follow our lead, and continue reading the next section, as we’ll share everything we know about it next.
Using Neteller Across UK Online Casinos
Launched 25 years ago in Canada, Neteller is a digital wallet and global payments platform that allows users to both send and receive money to and from eCommerce platforms. In 2004, the company behind it relocated to the Isle of Man and got its Authorized Electronic Money Institution certification. Paysafe Group is behind it, the powerful company behind two other hit brands across UK casinos, Skrill and Paysafecard. Dedicated to making sure its products stay on top in the finance world, the company continues improving their offerings and adding new functionalities to them, the most recent being the added option for users to use over 40 digital currencies! With it, users can now store, buy, and sell cryptocurrencies with just a few simple taps on their devices.
Paysafe Group is headquartered in London, so you can pretty much say that this is a local method and a pretty convenient one to use across UK online casinos. But, that doesn’t mean that it operates in the UK only; quite the contrary, Neteller is offered all around the world, in over 100 countries, with a few exceptions.
To get started with it, you would need to go to its official website or download its app, depending on whether you wish to use it on a desktop or a mobile device. You’ll need to create an account with it by providing your gender, date of birth, full name, email address, and address. Then, you’d need to select the pound or any other fiat/digital currency you’d want to use as your default.
Next, you’d need to verify your account by attaching ID documents, unless you wish to get restricted access to its services and smaller transfer limits. Once your account is duly verified, you get access to the Secure ID protection, a 6-digit code introduced to further protect your money, and you get access to all of its services.
To fund your account, you can choose from over 40 methods, including AstroPayCard, VISA Debit, MasterCard Debit, bank transfer, Boku, Trustly, Rapid Transfer, and Paysafecard, to name a few. And since you have crypto as an option, too, you can fund your account with crypto, too. You'll just need to tap the Crypto tab, decide on the coin you wish to purchase and the amount, tap Buy and the conversion will immediately happen, on the spot. As options, you should know that you can convert your coins back to pounds whenever you want, or eventually cash out your coins to a crypto wallet.
Now that you are well-informed on how useful, trustworthy, and safe Neteller is, especially for online gambling transactions, it’s time you learn how to start using it across UK online casinos. Stick with us as we’ll walk you through the exact steps in the following section.
Casinos for Players from United Kingdom that Offer NETELLER
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Depositing and Withdrawing with Neteller
LeoVegas, TonyBet, and RedBet are just some great UK casinos you could join to enjoy your Neteller deposits and withdrawals. Explore our reviews here at WoO, and you’ll surely find around 210 other sites to check out, which both accept Neteller and cater to UK players.
So, carefully decide on the site to join and disclose the needed personal details with the operator to register your player account. From here, to fund your account with Neteller, go through the following steps:
- As soon as you log into your player account, locate the Banking/Payment Methods page.
- Look for the Deposits section and on it, find Neteller’s logo.
- Press it, and enter your Neteller login details and the 6-digit Secure code.
- Set the amount you wish to deposit.
- Confirm the transfer and watch the funds arriving in your balance immediately.
As mentioned previously, withdrawals with Neteller are possible and as smoothly requested. You need to go through similar steps, this time looking for its logo in the Withdrawals section. After you log into your eWallet and set the amount you wish to cash out, confirm your request and wait for the operator's answer. If it's positive and your request has been approved, the funds will reach your eWallet account in no time.
Conclusion
Neteller is truly one of the best options you could use for your deposits and withdrawals across UK online casinos, since it is offered across more than 200 sites you can access and it allows you to use both fiat and digital currencies for your online gambling transactions. If you still haven’t tried it at least once, the first chance you get, do it.
FAQs
Is it legal to gamble online in the UK?
Yes, it is perfectly legal to gamble online in the UK, as is to gamble offline. The country has been offering a completely legal online gambling market since 2005, with the UK Gambling Commission in charge of licensing and overseeing operators.
Are UK players allowed to use the eWallet Neteller for online gambling transactions?
Yes, as long as they don’t use a credit card to fund their eWallet account since credit cards are banned for online gambling transactions in the UK. The UK Gambling Commission explained that alternative solutions like Neteller can continue to cater to UK players, as long as they forbid them to use credit cards to top up their eWallet accounts.
How many UK online casinos offer Neteller?
You will find over 210 online casinos that UK players can access that offer Neteller. We’ve mentioned a few examples, but feel free to explore all your options, as we’ve made sure to provide you with unbiased reviews of all of these sites.
Do any fees apply to top up the eWallet and cash out money from the Neteller account?
Yes. For topping up your account, a flat fee of 2.5% applies for all payment methods. For cashing out, different fees apply for different methods, for instance, a $10 fee with bank transfer and a 3.49% with Skrill. Different fees apply for crypto, too, so make sure you visit its official website and go to the Fees page to get more information.
What are some of the digital currencies I could use via my Neteller account?
Ethereum, Cardano, Bitcoin, Litecoin, Stellar Lumens, EOS, Tezos, Shiba Unu, Solana, and Dogecoin are just some of the digital currencies at your disposal, but keep in mind that the solution adds new ones from time to time, as their popularity increases. Therefore, the best thing to do is to check the list on its official website to be certain which are your options whenever you wish to use it.
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