Neteller is a type of an e-wallet payment system that offers people all over the world with the opportunity to make money transactions using the Internet. This was introduced in 1999, which makes Neteller one of the first web-based payment companies on the market. Let’s find out how safe is Neteller in Australia Casinos?
This payment system is offered by the brand that is regulated by the UK Financial Services Authority and has of late got popular as one of the most-preferred online casino deposit options globally.
Up to date, Neteller is considered as one of the top five most popular payment methods used by online casino players for making deposits and withdrawal to and from their online casino accounts. This payment platform offers a great variety of features that are combined with a great atmosphere and decent terms and conditions. It has not become an inexpensive, highly-efficient, and reliable e-wallet payment service widely accepted by most reputable and reliable casinos worldwide.
This payment system was found in 1999 in Canada, but in 2004 it was shifted to the Isle of Man. The payment system started processing online casino payments in July 2000 which is why it is one of the platforms with the longest experience.
How It Works
The payment system offered by Neteller is a standard e-wallet that provides people all over the world an opportunity to process instant money transactions for their purchases on the Internet, or even make deposits in online casinos. For this, they need to sign up for an account first.
The registration process is really easy and takes only a few minutes to sign up. You need to enter the service’s website and fill in the form to submit your basic personal information. This e-wallet service accepts about 20 different currencies, which makes it suitable for online casino players from all over the world.
After completing the registration, you can start making money transactions in your Neteller account using a credit/debit card, a local bank deposit, or an international bank deposit.
After doing that online casino players will be able to make money transfers and pay for goods and services online, including deposits in online casinos accepting Neteller as a payment method. You can also use this system as a withdrawal method to cash out your winnings.
How to make Deposits
As already stated, Neteller features a number of currencies and can be used for making deposits in all popular, fair, and trustworthy online casinos that accept players from all over the world.
The best part of this payment system is that it helps you to carry out fast, easy, and totally secure money transactions, without asking any personal or financial details.
The deposit procedure is simple. You must have registered a Neteller account before starting to use its services. Once done, you need to make first deposited a certain amount of money in your Neteller account via a credit/debit card or a bank transfer. Once these requirements are addressed, you can make a deposit in your online casino accounts.
To do that, you need to select Neteller as a preferred payment option from the online casino’s banking page. Now, you need to enter the Neteller account’s ID and password, fill in the amount of money you want to deposit, and confirm the transaction. Deposits in Internet casinos with Neteller are processed instantly, allowing you to start playing your favorite games right away.
Money withdrawals are also possible with Neteller. Once again, the player needs to have a registered account on the payment service’s website. Then, they need to select Neteller as the desired withdrawal method at the casino’s cashier page, enter the amount of money they would like to cash out, and confirm the transaction.
You can transfer the funds to your bank or credit card once you get it to your Neteller account. You must be aware that withdrawals with Neteller takes a few business days.
Fees it Charges
Neteller is an affordable payment method when it comes to processing online casino deposits and withdrawals. This payment platform provides its customers with reliable and low-cost options that offer you the opportunity to transfer money in the easiest way possible.
As Neteller is not a bank it does not lend any funds. Hence you can use this system only when you have any money left in the account. There is also a list with a variety of deposit options available with Neteller that you can find on the service’s website. There you will also find the charges when carrying out such a transaction.
The deposit fees that it charges is the 5-7% of the deposit’s amount.
You can also withdraw funds using Neteller. It is one of the easiest, fastest, and most secure ways to cash out money from an online casino account. During this, you do not have to reveal any of your personal or financial data involved. As per your country, there is also a variety of withdrawal options available, once you sign in your Neteller accounts.
Of course, it charges some fees to withdraw money by using Neteller. There are no money transfer fees for the recipient. There is a fee of 2.95% upon the amount received if the sender and the receiver are using different currencies.
How Secure is Neteller
Neteller offers a high-quality payment service for transactions carried out over the Internet and it is completely safe as well.
As already mentioned above, Neteller has become one of the most preferred online payment methods on a global scale. It is a safe payment method using special 128-bit encryption technology without divulging any customers’ information to third parties. You can be absolutely sure that your personal and credit/debit card data is fully safe with Neteller.
Why use Neteller
Flexibility, convenience, safety, and speed are the reasons why Neteller is all about. This payment method is one of the most preferred by players across the world; as it’s easy to use. You can transact money, regardless of your location, as long as you have access to the Internet.
Also, transactions via Neteller are fast, without disclosing any of your sensitive banking details. This shows the payment system cares for its customers’ responsible gambling; as it offers information about the money transactions processed through it. It does not allow you to overdraw your account limits; not to mention the fact that some merchants and online casinos offer special bonuses for playing with Neteller.
The only downside of this payment system is its fees when you initiate certain payments over the Internet. It could be online casino deposits and withdrawals or other money payments.
Today when there are many other options of money transactions all over the world; Neteller is a great option as it’s highly secure, safe, and fast of course for a fee!