Is Neteller a reliable banking platform for mobile casino players, or is it just like these other unreliable payment platforms? That's what this Neteller review is all about.
Neteller is among the eWallets synonymous with online gambling, and besides, it is a popular payment method used in the Forex industry. Also, Neteller comes in handy when paying online bills and online shopping in general.
Today, there are many Neteller casinos that allow for instant funds transfers. Whether players are depositing money to their accounts or withdrawing their winnings, the e-money transfer service offers secure and fast deposit and withdrawal payment methods.
Neteller has been around since 1999 when it was established in Canada before its 2004 move to the Isle of Man. One of the reasons for the success of Neteller in the gambling industry is the fact that the company begun processing online gambling payments as early as 2000.
At the time, it was reported that Neteller was processing 85% of the global gambling merchant payments. Over 95% of the revenue realized was from the US players. But unfortunately, the company exited the US market in June 2019. Despite the misfortune, the Paysafe Group subsidiary can still rely on over 23 million users worldwide.
For players wishing to use Neteller, the first thing to do is register for an account, which is free. Next up, load your Neteller using Fast Bank Transfer, Maestro, Visa, MasterCard, PaySafeCard, among others. Some providers offer free transfers, while others charge a small commission. The turnaround time also varies.
Neteller offers two main products - Neteller Card (Net+ Prepaid MasterCard®) and Neteller Virtual Card (Net+ Virtual Prepaid MasterCard). The former offers players access to their funds via a pre-paid MasterCard dubbed Net+ while the latter is a virtual card for online transactions. Players can buy the card without necessarily having a Neteller account.
Neteller has several advantages besides the top-notch security and fast transfers. First, it is free to open and run a Neteller account. There are also vast methods of depositing to Neteller. The British company also has a reliable customer support team available on live chat, telephone, and email.
On the downside, it limits users from the US and a few other countries. Also, the charges are quite high for most of the partnered providers though there are some like Fast Bank Transfer, which offers free funds transfers. But the good thing is that when users climb up the ranks, the rates come down.