Using NETeller at Online Casinos

Using NETeller at Online Casinos

NETeller is probably the most popular and famous e-wallet solution on the market and is widely used amongst online casino players. NETeller is fast, safe and available at all decent online casinos. The company was formed back in 1999 and is a publicly traded company on the London Stock Exchange since 2004.

NETeller is probably the most popular and famous e-wallet solution on the market and is widely used amongst online casino players. NETeller is fast, safe and available at all decent online casinos. The company was formed back in 1999 and is a publicly traded company on the London Stock Exchange since 2004.

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NETeller was created way back in 1999 and they are the world’s largest independent money transfer business. They are owned by NEOVIA Financial PLC and have been a public limited company on the London Stock Exchange since 2004.

Their headquarters are in the Isle of Man and they are authorised and regulated by the FSA (Financial Services Authority) in the United Kingdom. In 2005, it was calculated that they were processing payments for 80% of the world’s online gaming companies. As a result, 95% of NETeller’s revenues were from the online gaming industry.

NETeller works like most other e-wallet solutions in that you are able to transfer and withdraw your funds to and from online casinos in a secure fashion. Furthermore, NETeller is available to use with many other online merchants. NETeller is available in over 180 countries and you can fund your NETeller account via your debit or credit card. There is also a function where you can transfer or receive funds to/from another NETeller user.

NETeller is considered to be safer than putting your money in banks – this is because they are not affected by economic issues that banks may suffer from. 100% of the money from all NETeller accounts is kept in a separate trust account that is not affected by political and economic situations. Banks invest their customers’ funds to make more money – NETeller will never do this so technically it’s safer.

NETeller then launched the NETeller Card in 2003 (later renamed Net+ in 2008) – customers had the option of both plastic and virtual MasterCard prepaid debit cards. The advantages are that there are no fees for using it and you can transfer funds from your personal bank account for free.

Depositing or withdrawing at online casinos with NETeller is free – however, if you transfer funds from your NETeller account to your personal bank account there is a £5 fee (more expensive than MoneyBookers). The way to get around this is to use a Net+ card where fees don’t exist. However, if you draw funds directly out of a cash machine, there is a £3 fee per withdrawal. In terms of receiving funds to your bank account from NETeller, it takes between 3 and 5 days.

NETeller is very secure by the way – they offer a good rewards plan. For example, there is a refer a friend scheme where you will get 20% of your friend’s first deposit up to €16. NETeller is a perfect buffer per say if you don’t want to reveal your bank details to an online casino. If you are happy sharing your bank details with the trust online casinos on this website, we recommend you use debit or credit cards.