Neteller is an online payment method, to make online purchases or pay for a service. This is an electronic wallet, rechargeable through a deposit of funds into a Neteller account. It provides users with a virtual card to make online purchases or pay for services. Neteller also offers the option to receive money, deposited directly into the user's account.
The Neteller payment method was created in 1999 by the company Paysafe Holdings UK Limited. At that time, its headquarters were located in Calgary, Canada. Its objective was to establish an online payment system, and that has not changed. The company provides a solution that is more accessible and easier to use compared to traditional payment methods. Its services are aimed at individuals as well as businesses.
Since its creation, the company has improved and developed numerous offerings to meet market demand. Its headquarters is located in London. However, its expansion in many countries around the world has led Paysafe Financial Service to open other offices in Vienna, Houston, Montreal, and Miami. Today, Neteller offers a wide range of options and users have multiple possibilities for online payments.
Online casinos that accept Neteller:
In addition, this payment solution has become very popular on online casinos, so much so that recently (2018-2019), the company has chosen to collaborate with numerous virtual establishments. Transactions generated by gambling constitute a significant part of its activities However, the payment method Neteller has chosen to diversify its offers. Currently, the platform has recorded over 23 million accounts. The first essential step in order to benefit from its services is to open a free account on the platform.
To be able to use this account, simply fund it. Various methods are available: transfer via a bank account, transferring funds through a bank card... Once the account is recharged, the holder can start making online payments or receive funds from other individuals that are available instantly. Neteller also provides a virtual card called Net+ Virtual Prepaid Mastercard®. It can be used to make online purchases or pay for online services.
A user can request up to 5 virtual cards. The card has a limit based on the account. A verified account can make transactions up to $7000 in 24 hours and $200 for an unverified account. This card can be used on all e-commerce websites offering services. Mastercard® All transactions made on the platform are secure. It should be noted that Neteller holds an aggregation from the Financial Conduct Authority or FCA.
How to use Neteller in an online casino?
Neteller is one of the most widely used payment solutions in online casinos. The platform meets all the requirements for obtaining an electronic wallet. To make a deposit at a casino using Neteller, the steps are simple. First, the account balance must be sufficient. On each casino, there is a dedicated page for payments, which includes a list of payment methods.
The player will then choose Neteller, which will redirect them to a form to fill out. The Neteller client number must be provided. The 6-digit code must be transmitted on the platform before validating the deposit amount. The transfer is immediate, allowing players to play immediately after making a deposit. This solution is also available to receive winnings obtained from an online casino. The duration of this transaction largely depends on the procedure adopted by each online casino.
The advantages and disadvantages of Neteller
Neteller is a reliable payment method on online casinos. Players will easily find a casino offering it and the list is long. The use of this wallet is quite simple and convenient. In addition, the deposit is instantaneous on an online casino. The only drawback to Neteller is in terms of fees. Indeed, deposit fees are high when it is necessary to credit the Neteller account in order to have funds.