Neteller Casinos UK 2020 – Safe e-wallet when gambling online
If you choose a Neteller casino, you’ll be able to directly receive your gambling winnings into your Neteller account. From there, it only takes a couple of clicks to transfer your funds instantly to your regular bank account.
What’s great is that you’ll also be able to withdraw those winnings directly from an ATM with the Net+ card, if you’ve chosen to claim one.
Neteller Features when gambling in an online casino
As Neteller has such a long experience catering to gamblers, they even offer a premium membership called “Neteller VIP” for high-turnover customers. These get access to even more cool features and lower transaction fees.
Some casinos have Neteller listed as their preferred payment option and encourage players to use it by rewarding them. If you’re wondering which Neteller casino to choose, that could definitely be a deciding factor.
Another factor would be whether or not the casino charges fees for using Neteller, which varies from site to site.
The Net+ card was launched in 2003. It’s basically a prepaid Mastercard debit card. You deposit funds onto it from your Neteller account, and then you can use it exactly like you’d use a Mastercard.
Previous virtual cards had the handy anti-fraud feature of generating a different virtual card number for each transaction. But in 2016 these cards were cancelled, leaving you with just the physical option.
Best Neteller Casinos
As we’ve already mentioned, Neteller is still hugely popular among online casinos. But what makes Neteller casinos the better option?
We’ve raked through customer reviews and come up with the most frequent arguments given in favour of Neteller casinos:
- Pay-out Speed
Neteller provides lightning fast deposit and withdrawal speeds. Most of the time, you won’t find faster payment options than e-wallets – and Neteller is debatably the most gambler-friendly e-wallet out there.
- Customer Service
Neteller is reputed to have a stellar customer service. They’re reachable through phone, email and live chat. If you have a financial issue, you’ll have both your casino and the Neteller customer support to fall back on.
- Safety and security
As you saw above, Neteller casinos are some of the safest and most secure you could possibly choose. Of course, it’s always good to check a casino for past mishaps; they may offer safe banking methods, but that doesn’t mean the casino itself is spotless.
What is Neteller?
Neteller is an e-wallet transfer service. It functions a bit like Paypal, in the sense that you can use it as an alternative online bank account. (With a few vital differences, of course!)
Neteller was established in 1999, and has since been operated by the British global payments company Paysafe group.
If they’re now internationally known as the single best e-wallet that specializes in gambling payments, it’s because they opened their services to online gambling payments as early as 2000.
At the time, it was still legal to gamble in the US. A big portion of Neteller’s clients were US-based. Thanks to their international acclaim with gamblers, Neteller’s revenue grew to a massive size.
In fact, in the late 2000s, 85% of gambling establishments around the world used Neteller, and 95% of the firm’s revenue was derived from transactions involving gambling.
Unfortunately, when the ban on gambling passed in the US, Neteller lost their American client base. And with it, a whopping three-quarters of their revenue.
Thankfully Neteller is still a favourite among gamblers, and for good reason. Their experience and time spent working with the gambling industry on an international level has allowed them to develop a myriad of features that make banking with them a seamless, fast, and perfectly safe experience.
How Do I Use Neteller?
Guide: Setting up Neteller
If you already know how Paypal works then creating a Neteller account will be a breeze. If not, here are the steps to follow:
- Open the Neteller website
- Sign up for an account using your email
- Enter personal information when prompted
- Choose the currency you want your account to be in*
- Transfer money from your regular bank account to your Neteller account **
*Currently, you can set up your account in over 25 different currencies.
** You can deposit money into your Neteller account using over 30 different methods, from bank accounts, credit or debit cards, to different e-wallets.
As we mentioned earlier, the main difference between your regular bank account and your Neteller account is that your funds won’t be lent out by Neteller.
Because of FCA e-money regulations, Neteller is required to keep customer funds in separate trust accounts. So your funds are always separate from Neteller’s own operating cash.
This means that all customer balances can be repaid at the same time without Neteller falling into deficit. And Neteller isn’t risking your hard-earned funds on their own ventures like certain banks do.
One thing they do have in common with banks is their high-level security procedures. Indeed, they use SSL (secure socket layer) and 128-bit encryption to protect your private information.