The Neteller payment system was founded in Canada in 1999 by the British company Optimal Payments PLC (currently the Paysafe Group PLC). Today, Neteller is regulated by the British Finance Commission. Neteller e-wallets are used by millions of people from more than 150 countries to transfer and receive funds, including in online casinos. In 2014, online casino Neteller received the Prepaid365 Award for Best Payment System.
Since 2006, financial institutions have not been allowed to process transactions received from U.S. citizens for playing slots. Neteller adhered to this rule for a long time and did not allow US players to make deposits or withdraw money from online casinos. In 2007, Neteller extended these measures to Canadian players.
In 2003, the company launched the Neteller card, which in 2008 was renamed Net +. Under the name Net +, the company offers MasterCard debit cards, commercial card programs, as well as previously offered virtual cards. Unlike a debit card, the Net + virtual card number varies with each transaction in order to prevent fraudulent activity. So, for example, if an unregistered user tries to use the card number for unauthorized payments, the transaction will not be completed, since it is impossible to reuse the card number. You can choose one of the three types of NET + cards – plastic, virtual and virtual gift.
How to use a Neteller electronic wallet
Registering a Neteller or eWallet account is free. To do this, just enter your data. Neteller also offers a VIP program for all users, however the VIP level is determined by the amount of money transferred per year – the minimum amount is 10,000 US dollars. Gold, Platinum and Diamond cardholders have higher limits on all transactions, for example, the withdrawal limit for players at the bronze and silver levels is set at $ 1,000, and for players at gold, platinum and diamond – $ 3,300. In addition, VIP-players rely on a personal manager who speaks the player’s native language, as well as the opportunity to use online chat around the clock seven days a week.
The commission for making a deposit and withdrawing funds depends on the payment method chosen. Commission for deposit varies from 1.9 to 7%, and for withdrawal – 7.50 US dollars, but can reach 25 US dollars. The most profitable payment method is, of course, to use a Net + card.
Advantages and disadvantages
One of the biggest advantages of the Neteller e-wallet is the ability to create a one-time virtual card. Another advantage is dual authentication, which provides a high level of security.
On the other hand, high commission rates related to transactions in other currencies can prevent attracting potential customers. However, you can only set up your account in one currency. And Neteller offers VIP customers an additional account in any other currency.
Casinos using Neteller
A list of casinos using Neteller can be found through the filter on our website. When making a deposit using Neteller in some casinos, you may have problems receiving deposit bonuses, while most of them will offer you additional bonuses.