Today 07 22 2024

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The Story Behind Neteller: Short Overview

Before we jump into the best Neteller casinos, we must first talk about the company and make sure that you understand the history of this banking method, what it is and how it works.

The Story Behind Neteller - Short Overview

To put it shortly, it’s an online e-wallet that is often used by British players who gamble online, but also for online shopping or even transferring funds between people. It’s been on the market for over two decades and it has been a top contender between payment methods from the beginning.

Right now, it’s integral to the Paysafe empire, so along with Skrill and Paysafecard, they pretty much dominate the UK online gambling industry as they seem to have been designed especially to cater to this sector.

It was launched in 1999 and it was one of the very first e-wallets to hit the market. While their headquarters were, at first, in Canada, they moved to the Isle of Man back in 2004. Even in the inception of 2000s, 95% of this company’s revenue came from the transfers to online casinos.

For a while, between 2006 and 2010, they saw some huge losses, with revenues decreasing from around $240 million to just $61 million, when the US and Canada’s financial institutions prohibited the processing of casino transactions and the company tried to shift the focus from gambling to other domains.

The history of this company is impressive and it has been through several changes (including name changes).

In 2005, Neteller acquired Netbanx Ltd and then in 2008 it changed its name to Neovia Financial PLC. then it merged with Optimal Payments and used that name for a while.

By far the most significant acquisition was that of Skrill in 2015 and then of Paysafecard. At that moment it’s when they changed their name once more and the brand became Paysafe Group. Thus, becoming the largest and most important player in the online gambling industry when it comes to payments.

The interesting thing is that in 2017 it was acquired by The Blackstone Group and CVC Capital Partners. But there was no further rebranding. Paysafe is no longer listed at the London Stock Exchange under its own name, but it continues to exist, with all its products, in their exact form.

Neteller and Skrill are the biggest products of Paysafe, along with the prepaid card Paysafecard, an e-commerce app called Payolution, Fans Entertainment for mobile commerce and even an affiliate marketing provider called IncomeAccess.

SlotsCalendar Advice: The company launched the Neteller card in 2003, but in 2008 it was rebranded under the name Net+. You can get Mastercrard prepaid debit cards, enter card programs and even get virtual cards. The funds on a Net+ card can be used at any Mastercard-accepting outlet and you may instantly withdraw any funds in cash.

Neteller is regulated by the Financial Conduct Authority from the United Kingdom. Because of FCA regulations, it must separate customer funds from its operating cash. This means that all customer balances can be paid back at any one time so that you get extra security and don’t need to worry that you might lose your money if the company goes under.

So, if you’re looking for the best online casinos that accept Neteller, it’s pretty much all of them. While there are some casinos that are not Neteller casinos, all the best online casinos in the UK are Neteller online casinos. You may use this widely used payment method to deposit, withdraw and even transfer money. You get high transaction limits, lightning-fast payouts and top security.

Pros and Cons of Neteller Casinos

Now, let’s get down to the nitty-gritty. As with all things in life, Neteller casinos come with both pros and cons, ups and downs, advantages and disadvantages.

Obviously, we believe that Neteller casino sites are better and have more benefits than drawbacks or else we wouldn’t be making lists of best Neteller online casinos on the British market.

But because we’ve been players before becoming expert casino reviewers and affiliates, we believe in full disclosure and giving you all the information you need, the full picture, so you are able to make informed decisions on your own.

Pros

  • Free withdrawals: this is self-explanatory. There are no fees when you make withdrawals at Neteller casinos.
  • Fast processing time: deposits are instant and Neteller casinos offer the fastest withdrawals from all payment methods. They are almost instantaneous in most cases or can take up to a day.
  • Insanely safe and secure: both for deposits and withdrawals with this payment method, the casino will just need your email address. Thus, you won’t have to share a lot of personal and financial data, but the e-wallet itself is protected with the latest and best encryption technology as well as two-factor authentication.
  • High limits: The e-wallet appeals to UK high rollers as well, as the limits are high so you may transfer or withdraw large sums quickly.
  • Easy & fast sign-up process: signing up is super simple and fast. You will see clear instructions on the official website. You can sign up for a free Neteller account and use it for the best Neteller casino UK sites.  
  • Money management: You have the option to use online wallet management tools, use the Net+ card and even withdraw cash from ATMs.
  • Versatile and user-friendly: You may fund your account through bank transfers, card payments, from other e-wallets and even with cryptocurrencies. It’s very intuitive and it is also accepted not just for Neteller casino deposit and withdrawals, but also at several e-ccomerce stores.

Cons

  • Bonus exclusions: some online casinos will exclude payment methods from their promotions. These methods are usually Neteller and Skrill. So, if you were to deposit at Neteller casinos using it, that deposit might not count, and you won’t be able to claim the promotion you want. Read the terms and conditions to see if the method is eligible or not.
  • Variable payout speeds: even if you’ve chosen Neteller casinos that are part of the fast withdrawal sites, you still can expect payout times to vary. While most payouts take a couple of hours, you may sometimes get your cash even after 72 hours have passed.
  • Fees: some transactions might have you pay a fee, and dormant accounts have a fee as well.

While you’ll find some cons, if you keep reading you will find out how to make sure you have a great experience at the best Neteller casino UK sites. By following our advice, you will by-pass the cons and not have to deal with any downside.

Deposit and Withdrawals

Unlike some banking options, you can use it for both deposits and withdrawals, but you should know some things about how they work so you know what to expect and you won’t have to scramble to find information when you decide to give it a go.

Deposit and Withdrawals

Deposit to the Casino Using Neteller

  • Register an account at the best Neteller Casino sites and log in to your account.
  • Go to the Cashier’s Page and select Neteller from the Payment Methods list.
  • Fill in the required information (just the first time you use this method) to link your Neteller account.
  • Enter the correct amount you want to deposit and make the payment.
  • Right away the money will be in your casino bankroll.

The things you should take into account are the online casino Neteller minimum deposit and make sure that you have at least that amount in your account to be free to deposit it. Also, if that Neteller casino deposit makes you eligible to claim any bonuses.

SlotsCalendar Advice: if you’re playing on a budget and don’t want to make big bets, you‘ll find many Neteller casino sites with a low deposit requirement on the British betting market.

Withdrawing Your Wins

Withdrawing cash at Neteller casino sites is also very easy and extremely fast. In fact, that’s why all Neteller online casinos belong in the fast payout casinos.

You just have to go to the “Money Out” (or whatever it’s called at that particular casino) section of your account, and choose the payment method, enter the amount you desire to cashout, and confirm the withdrawal.

You have the possibility to withdraw using many different methods like bank transfers, Visa, Mastercard, mobile wallets, crypto wallets, Skrill, and even get cash at an ATM with a NET+ prepaid Mastercard.

Neteller fees

Deposits at Neteller online casinos will sometimes have a fee of 2.5% of the payment. You can bypass these fees if you make a deposit of $20,000 or more.  This is why it usually applies only to high rollers that can afford such a big deposit all in one while also playing responsibly and not biting off more than they can chew.

Withdrawals from the casino are free, but transfers to fund your account might bring some fees depending on what method you use to fund it.

On the official website you shall find all the fees for all deposits and transactions. There is also a monthly administration fee that you have to pay if you don’t use your account for over 12 months and it will be directly taken from the money still in your account.

Neteller vs. Skrill

  Neteller  Skrill 
Min dep  £10  £10  
Available currencies  28+  40+ 
Deposit   instant  instant 
Cashout  up to 3 days   
Free deposit options  Local bank deposit (in some countries)  5+ global, 5+ local deposit options 
Paid deposit options  40+ deposit options, 2.5% fee for all  3 options, 1% fee 
Withdrawal options  4 options, 0% – 1.45% fee  3 options, EUR 5.50 – 7.50% fee 
VIP program  yes  no 

Both Skrill and Neteller are part of the same company so you may go with both of them as they have the same level of convenience and safety.

There are differences in deposit options, currencies and fees, so punters might have different preferences between the two according to their needs.

Recommended Payment Alternatives by Slotscalendar

There are several payment methods you should look into before you make a decision. And we don’t mean once and for all, but rather for each casino where you have an account or even depending on the sum you wish to deposit or withdraw or the promotions you wish to claim.

Our first recommended alternative to Neteller casino sites is PayPal. PayPal is an efficinet e-wallet which can give you access to your funds in a couple of hours. It’s heavily encrypted to provide you with top security and can be used to pay with a wide range of businesses. This is why there are so many casinos that accept PayPal as a payment method.

Another solid option is using PaysafeCard. This one is a prepaid card so you can gamble online without using any sort of bank account or debit card. The transactions are fast and secured and it’s a good option for those who prefer making small deposits. PaysafeCard casinos are among the favourites of British punters.

Neteller Casino Bonus

As we’ve said before you’ll discover some online casinos that accept Neteller, but won’t allow this payment method for some bonuses. But this doesn’t mean that you can’t find casino bonuses to claim even with a deposit via Neteller.

The casinos we’ve added to our carefully curated list also have Neteller casino bonus offers that you’ll look forward to checking out. You will be capable to claim no deposit signup offers, welcome bonuses, reload bonuses and any other type of promotion.

Make sure you read the T&Cs because promotional terms sometimes change and you must know if you are eligible or not and not waste time or funds.

New Neteller Casinos

Having this banking method in its repertoire is something that every new casino site should do and often times so it is.

There are new Neteller casinos popping out all the time and we do our best to ensure that we test every single one of them and review it to see if it’s worth checking out. When we decide that it needs your attention, we add it to our lists, so you never miss out on a great opportunity.

Games to Play at Neteller Casinos

At the best Neteller casino sites you should be able to find a wide range of games of all kinds, ranging from slot games all the way to live dealer games.

You will surely be allowed to play many different slots, including both classic titles and new video slots with 3D graphics and impressive bonus features and progressive jackpots.

Table games are another must, and blackjack, roulette, baccarat or craps should be at your disposal both in their classic form and with a live dealer for a more immersive casino experience.

Neteller and Responsible Gambling 

The company understands the importance of responsible gambling and that’s why it has a special responsible gambling page dedicated to helping users make smart decisions.

Gambling responsibly is crucial and since the company’s main target audience is punters then they pay extra attention to them. They are a financial company, so they understand better than anyone else that bankroll management, smart financial decisions and budgeting are all key factors when playing casino games online.

Things to Consider

Before deciding what banking method to choose and what casino to play at, take a look at our top Neteller casino sites list and see if they match your needs. We’re confident that you will find at least one that fits all your requirements.

Look at licenses and jurisdictions, at the games available, at promotions (and whether or not they work well in tandem with the e-wallet) and even how much you can withdraw and how fast.

Keep in mind that we add new sites constantly so you will always find the latest top brands here as well. Pick the right one and have fun!

Frequently Asked Questions

  • What casinos accept Neteller?

    Most reputable sites are nowadays Neteller casino sites as its an incredibly popular banking method with a lot of perks for UK players.

  • Why use Neteller at online casinos?

    Because it’s very fast, reliable and safe and allows you to make deposits and withdrawals with large limits, thus making it a good choice for both low and high rollers. The banking method is one of the very few options that was designed especially with punters in mind.

  • Are my details safe with Neteller?

    Yes. All personal and financial information is heavily encrypted with state-of-the-art technology and two-step verification, so that no third parties can access it.

  • Are there any fees involved?

    It depends on what you use it for. Withdrawals are free at Neteller online casinos, but there are some cases where deposits will have a 2.5% fee attached. There is also an inactivity fee you will have to pay if you don’t use your account for over a year.