Among the wide variety of payment options available at online casinos, Neteller reigns as one of the premier platforms of the E-wallet industry. The payment method has garnered the trust of millions of online casino players owing to its additional security, easy deposits and fast withdrawals. Additionally, Neteller handles currencies from various foreign countries, meaning Indian players can even take it abroad with them.
On this page, we’ll take a look at how to use the service to make deposits and withdraw funds at online casinos, along with its benefits for players.
What is Neteller?
Founded in the year 1996, Neteller is an e-money transfer service that’s often seen at online casinos. The service is also used for online shopping and to transfer money to and from merchants, for more than a decade now.
Neteller is owned by Paysafe Financial Services Limited (the same company that owns Skrill) and is one of the world’s largest payment systems that serve customers in more than 200 nations. Its wide usage in multiple countries across the globe allows it to accept payment in different currencies, including the INR. So, players from India can conveniently use the platform to make deposits at online casinos accepting Neteller.
How to deposit money via Neteller
Using Neteller to make deposits at online casinos is quite simple. Below is a step-by-step guide for the same:
Step 1 – Create a Neteller account
The first step you’ll need to take before trying to make a deposit using Neteller at an online casino is to set up your Neteller account. To do this, you must go to the official site of Neteller (Neteller.com) and click on the ‘Join for Free’ button at the centre of the homepage. Then you’ll be required to enter your email address, set up a password and select a currency. Furthermore, you’ll also need to provide personal details such as first name, last name, date of birth, gender, address, and phone number. Once done with that, simply click on the ‘Open Account’ button to submit your details.
Step 2 – Verify your account
After opening a Neteller account, you’ll be required to verify the email address that you provided. Once you click on the verification link sent to your email address, your account will be set up.
Step 3 – Provide a means of funding your Neteller account
You’ll need to link your Neteller account to a payment option to be able to make a deposit. You have the option to link it to your bank account, debit/credit card or both if you wish. These different deposit options come with varying terms and conditions, so it is recommended to check the fine print before choosing a deposit method.
Step 4 – Choose a casino that accepts Neteller
Once you’re done with setting up your Neteller account, the next step is to choose an online casino that accepts Neteller as a payment option and register for an account.
Step 5 – Make a deposit using Neteller
After creating an online casino account, you’ll need to go to the cashier section of the casino. Then choose Neteller as your deposit option and specify the amount you’d like to add in your casino account.
Withdrawing funds from an online casino using Neteller
Follow the below steps to withdraw your winnings from an online casino using Neteller:
Step 1 – Sign in to your online casino account
Sign in to your casino account using your login credentials and go to the withdrawal page. Remember to provide any ID documentation requested by the casino and ensure that you’ve cleared all the wagering requirements.
Step 2 – Choose Neteller as your withdrawal option
On the withdrawal page, choose Neteller as your withdrawal option. If your casino doesn’t offer withdrawals to Neteller and you used it as a deposit option, then you might need to choose other methods such as bank transfer.
Step 3 – Enter the amount you wish to withdraw
Add the amount you wish to withdraw from the casino along with the details of your Neteller account. Most online casinos won’t charge you anything for withdrawal, but Neteller might take a small fee for transferring from your Neteller account to your bank or card.
Step 4 – Confirm your withdrawal
The amount you requested to withdraw should be transferred to your Neteller account within a matter of hours. From here, you have the option to spend your money via Neteller or withdraw it to your bank account.
Pros and cons of using Neteller
- Available at almost all online casinos that accept Indian players.
- Allows users to make quick and easy deposits.
- Cashing out using Neteller can be done briskly.
- Easy to add funds into your Neteller account from a bank account or credit/debit card.
- Offers additional protection from rogue casino operators.
- Fees may apply when withdrawing cash to bank accounts or cards.
- In some cases, it might take up to a day for the funds to appear in your account.
How safe Neteller is?
From the latest 128-bit SSL encryption to the option to add 2-step authentication, Neteller undertakes various safety measures to allow for safe and secure transactions. Plus, the e-wallet platform is authorized by the UK Financial Conduct Authority, so Indian players can rest assured that Neteller makes use of the latest security technology and all transactions on the platform are made safely with full protection.
The service itself is valuable because it places a barrier between your financial details and the casino you choose to play at. If it happens that your chosen casino turns out to be rogue, your credit card/banking information is kept safe with Neteller’s latest anti-fraud tools.