The online gambling market continues to grow, according to the latest casino news. Virtual casinos extend not only their gaming libraries but also the list of payment solutions. Neteller is one of those e-payment services that become a choice for many gambling platforms.
The payment system was launched in 1999 and still holds the leading position in the market. Now it is used by eighty-five percent of the world’s gamblers. That is why the biggest part of the company’s revenue, of course, comes from the gambling industry. Hundreds of remote casinos worldwide implemented Neteller services.
Neteller – the UK e-money transfer service
Initially, Neteller was founded in Canada, but, later, it came into the ownership of the UK payment company-giant Paysafe Group Limited. The e-money system doesn’t play the role of a bank, and its purpose differs a lot from financial institutions. However, it has got the FCA license, and it has become a great financial breakthrough for Europe because its citizens have got an opportunity to transfer money via e-methods fast.
The only Neteller’s feature common with banks is its card. Net+ is available to all system users who have registered and verified accounts. It is a Mastercard debit card that has a chip. In other words, it is a standard card that can be used for payments in stores, cafes, etc.
The service’s coverage, fees, and currency
At the current time, Neteller’s coverage is impressive: it includes more than two hundred countries. However, there are still some states where this money transfer service is prohibited. Among them are the following:
- Afghanistan;
- Guinea;
- Niger;
- Syria;
- Uzbekistan;
- Yemen;
- and several more.
The platform supports twenty-six currencies. As for its fees, they mostly depend on the service type, the system from which a user uploads money, etc. For example, fees will be different for depositing and withdrawing operations. The upload commission is 2.5%, while the withdrawal fees vary.
Neteller is also a perfect service for cryptocurrency transfers, and this fact makes it especially valuable for crypto traders. Many of them use it for buying and selling this virtual currency on online exchange systems. However, if you want to make such operations, be ready to pay the commission of 1.50% for US dollars and euros, and 3% for other currencies.
Like other similar services, Neteller also requires administration fees in some cases. For instance, a reversal of an incorrect transaction or chargeback will cost users approximately twenty-five dollars.
A payment method for a virtual casino: Neteller’s pros and cons
It is needless to say that Neteller is almost a perfect e-money system for those people who gamble online. Virtual casinos decided to implement this payment method on websites because of several reasons:
- Neteller means fast, secure, and simple payments. These three components make it a top payment solutions provider for gambling operators. The platform has processed millions of transactions and its users entrust it billions of dollars. It has a good reputation among both businesses that have implemented its solutions and end-users, namely casino players.
- Registration on Neteller is free and will take a couple of minutes. It is also a considerable advantage for gamblers as nobody likes to pay additional fees for signing up or spend a long time filling in the registration form.
- It is easy to replenish the Neteller account because it partners with more than fifty companies. Every gambler will be able to find the most convenient depositing method.
- The system has protection against fraudulent actions and helpful customer support.
If to consider Neteller’s weak points, it is worth mentioning that there are not so many of them. However, the main disadvantage is undoubtedly some fees that the system imposes for transactions.
How to register and log in: Neteller system
It won’t take long for an online casino player to register an account on Neteller. Users should click the Join for Free button and fill in the form consisting of four fields. After registration, it is necessary to verify the account. Just add the photos of your ID card and provide your address details. What is interesting, customers can use Neteller without verification, and even deposit money, but they won’t be able to process big transactions.
To log in to an account, click the Sign in button. You will be redirected to the page where you should enter your account ID, or email address, and password.
Read more: Best Gambling Payment Providers
