What is Neteller and how does it work?
Neteller is an online e wallet service that allows you to deposit money, make transactions online and gamble at online casinos. Neteller is one the worlds largest independent money transfer businesses and has been going for over 10 years now. Millions of users around the world use Neteller to make payments and get paid securely online. Most of the top online casinos offer different ways of depositing money and Neteller is now one of the most popular methods. This is because a lot of players are not comfortable with linking their account to online casinos for many reasons. Neteller provides a safe and secure way of making transactions via the account and depositing money to online casinos. Also its always good to have a gambling budget that is kept separately from the rest of your money, with Neteller you can control this by only adding a certain amount of cash you can afford to spend. If you only use your Neteller account to deposit money at least you know that you’re not going to go over the limit.
When you sign up for an account you are presented with the following products:
The e wallet is used to transfer funds in order to make transactions online. There are several ways of transferring money including bank transfer, credit cards and cheques.
This service allows you to transfer funds to your account using a variety of different services.
Neteller Pre paid MasterCard
This is a pre-paid MasterCard(pictured below) that is issued and sent to you for free once you sign up for it. Although it’s not a necessity it’s quite handy sometimes to have an extra cash card to make transactions plus the fees are low when using the card to withdraw money from your e wallet.
Opening an account with Neteller
The process of opening an account with Neteller is quite easy and straightforward, the step by step guide below will help you get started:
1) Visit http://www.Neteller.com/ and click on join in order to set up an account.
2) Fill in all the details required and provide additional information such a security questions/answers in case you lose your logins.
3) Once you have filled in all the required forms Neteller will email you your account ID and security ID. Make sure you store all this information somewhere safely.
4) The next step is to verify your account by adding your bank details. To do this you need to click on “add bank” and then fill in the form with your bank details. Generally this is the easiest way to transfer money to your Neteller account. Once you have filled in the bank form Neteller will make a small transaction that will appear on your bank statement. This might take 3-5 days but once you see that amount you need to log in to your Neteller account and click on “verify your bank account”, then you need to enter the amount in the input box in order to verify your bank. That’s it! You are now ready to make transactions online!
Transactions/Fees and tips on using your Neteller account
Neteller offers a variety of different options for withdrawing cash from the ewallet. You can withdraw cash directly to you bank account that is linked to your ewallet, this transaction from personal experience takes 3-5 working days. The fee associated with bank transfer is 7.5 euros which is approximately £6.45.
Other popular methods include “withdraw to cheque” and the companies mastercard. The mastercard can be used at any cash machine to withdraw money and the fee associated with each transaction is 4 euros (£3.44). Apart from withdrawing money you could send money to another Neteller account instantly and free of charge. One of the main advantages of using Neteller especially for gambling online is that many casinos now offer exclusive sign up bonuses for Neteller users which in some cases might be better than the traditional bonuses offered. Overall it’s very handy to have a Neteller account to make transaction and to gamble safely online without linking your bank details, the transactions are quick and easy and the fees of withdrawing cash are very low especially if you are using the pre paid mastercard.