Neteller - Online Casino Payment Method
Neteller is one of the names in the business that is synonymous with online casino payment systems. The service has been around for a long time and it has managed to secure almost all of the online casino payment business, which is a pretty big feat, to put it lightly. Since its beginnings in 1999, Neteller has made its way into almost every country around the world and is the preferred payment method of many millions of players all around the globe.
How does it Work?
Neteller is more like Skrill or PayPal, in that it operates as a virtual wallet. The company has its own ways to securely hold customers’ money and once it is entrusted with that money by its customers, Neteller acts as the middle man between the customer and the casino. This may seem a little unnecessary to some, but it is actually very important to have a trusted company acting as a buffer between the customer and the vendor. When Neteller makes a payment to the casino, the owners of that casino see that a payment was made by Neteller, not by the individual. All the user’s personal information is secure at the time of the transaction and that can do great things for a person’s state of mind.
To put it briefly, Neteller is an online wallet that you can use to make all your payments and withdrawals at almost every online casino in existence. In fact, over 80% of all Neteller business is conducted at online casinos, and when you think about just how many people are playing at casinos worldwide you can get an idea of just how influential Neteller really is.
To get started, all you need to do is go to Neteller’s website and set up an account. As soon as you get the process started, you will be prompted to enter all the personal information that they require to set up the account. The information that they require is really quite basic, but there will be a short verification via email in order to make sure that it is really you signing up with your name.
Once the account has been set up, and your ID verified, you will need to load the account with some funds. There are many ways that you can do this, and they each come with their own sets of pros and cons but, generally speaking, the bank transfer option is the best. Transferring directly to and from your bank cuts out the possibility of you being charged to move your own money around, there is a longer wait when you choose to go the bank transfer route but, in the long run, you will see that the wait pays off.
Using Neteller at an online casino couldn’t be any easier. As Neteller is one of the most popular payment options out there, the process of making payments and receiving payouts has been streamlined to the point where all transactions made with Neteller are practically instant. That is more than we can say about almost every other payment option.
Advantages with this Payment Method
- Deposits and Withdrawals are very fast
- Rates are low
- Your identifying information is kept away from prying eyes
- Almost every major casino accepts Neteller as a payment method
- Money and payments are easy to manage, making it easier to stay on top of your funds
Disadvantages with this Payment Method
- There can be certain limits imposed for certain customers, account types, and transaction types
- Getting verified can take up a good amount of time
- You have to allow for enough time to pass for your money to get credited onto the account before you use it.
Review and Summary
If you like to maintain your own personal security, online as well as off, using an e-wallet is a very smart move. There is a lot of cybercrime in the world today and, although we try to be careful, it is very easy to get a little lazy at times and let our guard down. Using credit cards and putting your account number directly onto a site that you may or may not trust is a pretty good example of not being careful.
When you use a service like Neteller, all of your personal and sensitive data is kept safe and private. Privacy and security aside, Neteller is also very convenient and easy to use, making online gaming that much more exciting and fun. All in all, this is great payment option and we are not surprised that it is one of the most popular. Neteller offers users everything that they could possibly want in a payment system.
The question of what Neteller is as a casino payment option is an easy one to answer, but it is even easier to say what it is not. Netelller is not a bank or a credit card company. It is not an investment company either.