Neteller Casinos 2020

Neteller Facts
neteller-logo
Company: Paysafe Financial Services Limited
Founded in:1999
Headquarters:Cambridge, UK
CEO: Lorenzo Pellegrino
Website:neteller.com
Available in:+200 countries
Available in Canada: since 1999
E-Mail:contact@neteller.com
Phone:+44 20 3308 9525
Best Neteller Casino:NetBet
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Neteller is an e-wallet that works quite similar to Paypal. It’s used for making online payments, and along with Skrill, it is one of the most widely accepted payment methods at online casinos. Many players choose Neteller and other e-wallets as their payment method at online casinos because it keeps their actual bank account or credit card information completely away from the casino.

In this review, we will talk more about how Neteller works, the key difference between Paypal, as well as Neteller fees, so you can decide if this is the payment method for you.

Established since 1999, Neteller is one of the most established online payment methods, and is available in more than 200 countries. Practically every online casino accepts Neteller, making it one of the best payment methods for online gaming and an excellent alternative to Paypal.

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How Neteller Works

neteller depositThe way Neteller works is fairly simple. Like with Paypal, you have to sign up for an account first. You can do this on their website, www.neteller.com. Setting up an account is free.

Once you have an account, you will have to load up your Neteller balance with a funding source, such as a credit card, your bank account, or even with a Paysafe card voucher.

When you’ve added money to your Neteller account you can use the balance to make payments. Of course, you can also use Neteller to receive money, whether it be from an online casino or just a transfer from a friend.

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Key Advantage with Neteller

stopwatchOne of the main reasons why Neteller and other e-wallets are so popular at online casinos is the speed at which transactions take place. It’s practically instant. When it comes to payments at online casinos, deposits are usually instant for most payment methods, unless you are doing a bank transfer.

However, when it comes to cashing out, if you are withdrawing to a bank account there is additional processing time of several days from the bank’s side. With e-wallets like Neteller, you get instant withdrawals. You will still need to wait for the casino to process your cashout request, but once that is done, you will see the cash in your Neteller account immediately.


Important Note on Neteller for Canadian Players

warning iconPlayers in Canada should be aware that due to changing regulations, many online casinos are not accepting deposits with e-wallets anymore. This includes Neteller. However, this doesn’t mean that you should forget Neteller. That’s because it will still come in very handy at cashout time because most major Canadian banks will not accept payments from online casinos.

The list of banks includes RBC, TD, CIBC, Nova Scotia and Santander. If your bank account is with one of these banks, you can deposit with Interac or a credit card but can’t withdraw to your card or bank account. This is when we recommend having an account with an e-wallet such as Neteller to make sure you have a payment method to cash out with to collect your winnings.

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Differences between Neteller and Paypal

While both Neteller and Paypal are online wallets, there are some differences between the two that make Neteller the better wallet to use at online casinos:

  • First of all, you will find there are more Neteller Casinos than Paypal ones. If you want the widest access to online casinos, then it’s worth setting up a Neteller account.
  • With Neteller, you must have the balance in your account to make the payment. You can’t deposit into the casino if you don’t have the money there. Compared to Paypal, which can proceed with the transaction if your account is linked to your credit card, Neteller gives you better control over your budget. No impulsive buys here.
  • Then, the really great thing about Neteller is that it doesn’t charge fees when you are making or receiving payments from online casinos or other merchant sites, whereas Paypal charges a fee for each transaction.
  • You can use Neteller to send money to anyone in the world via the Money Transfer function, even if your recipient doesn’t have a Neteller account.

Neteller vs Paypal at a Glance

neteller logo
202 countries
26 different currencies
Receive Funds: free
paypal_logo
202 countries
24 different currencies
Receive Funds: 3.4% + $0.30 USD (US), 3.9% + $0.30 EUR(Outside US)

Neteller Canada Fees

money iconIt’s clear why Neteller has become the e-wallet of choice among many experienced casino players. That having been said, it’s not all sunshine and roses, as with all things in life. Neteller does charge fees that you should be aware of. They are not high, but the key associated fees for using Neteller are outlined below.

  • Depositing into your Neteller account: 2.5%
  • Bank transfers: $10
  • Money transfer: 1.45%
  • Foreign exchange: 3.99%; 1% for VIP members

How to Verify Neteller

verification iconAfter you’ve signed up for an account, you should verify your Neteller account. This will grant you access to higher transaction limits. To verify your account, follow these steps:

  1. Fund your account. You can do this by making a deposit into the account via the “Money In” button in your Neteller account. Methods accepted include Paysafe, your Visa credit card, a bank transfer, through other e-wallets like Skrill or Trustly. Alternatively, you could just receive a payment from a friend or merchant.
  2. Verify your identity. This is where you will upload photos of ID documents to confirm you are who you say you are. From your Neteller account, go to the “Settings” button. You may choose to connect your Facebook profile here to speed up the process a bit. Then you can use your webcam to take a photo of the documents or download the Neteller app and use your phone instead.
  3. Verify your address. You will need to also take a photo of a document that shows your name and your address. A bank statement or a utility bill from the last 3 months will normally be fine

info iconThe good news here is that the documents to verify your Neteller account are basically the same ones you will need to verify your casino account, if you want to cash out your winnings. So once you’ve got this done, you will have everything ready to go.

The Expert Roundup on Neteller Casinos

idea iconOther than the tons of Neteller casinos you can choose from, for Canadian players, Neteller will also prove to be extremely useful as a payment method on cashout. As most banks in Canada don’t accept payments from online casinos, it would just be much simpler to withdraw to an e-wallet like Neteller.

It also happens to be much quicker too. The moment the casino has approved your withdrawal request, you will see your winnings in your Neteller account immediately.

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