Neteller casinos used to be one of the most popular for online gambling players, but that has since changed. An e-wallet service that has been around since 1999, it is owned by Optimal Payments PLC with headquarters in the Isle of Man even though the company originated in Canada - which is one of the main reasons why Canadians are not accepted by Neteller. They are a third party payment service that allows you to transfer funds and make purchases online without having to reveal your credit card or other private financial information.
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Unfortunately for Canada, Neteller is not a viable banking method to use for online casinos. We are not accepted by the company that was previously headquartered in Calgary, Alberta. That is one of the main reasons the company stopped accepting Canadians - to distance the company's directors from any potential legal issues that could arise in Canada. However, for all citizens of other nationalities, it is very easy to sign up for an account and all you have to do is register your details on their website. This is a free service and doesn't involve any personal financial information. You only provide is your credit card or bank account details when you are ready to put money into the account. There are different account options. The Express account is the easiest to open and it supports a number of currencies including the Canadian Dollar and Euro. There is a deposit limit on this account. The Extended account allows for higher deposit limits and provides a prepaid debit card. Neteller also has a great bonus system and customers receive 10 Net Points for every $1 they send to a merchant. There is also a weekly cash draw for customers.
Funding your account is easy to and you can do this using your credit card, debit card, prepaid cards, a bank transfer or echeck. The different funding methods comes with their own fees and rules. If you choose to wire funds to your Neteller account, it can take up to 10 working days for it to arrive. Credit and debit card funding is a better choice and this is instantaneous.
Withdrawing funds from your casino account is simple too and all you have to do is choose Neteller as your withdrawal method. Then you enter the amount that you wish to withdraw. You money will then appear in your Neteller account in a matter of minutes minus any fees. Neteller doesn't charge you for withdrawals but some gambling sites can take as much as $20 per transaction so be sure to check this out prior to making your request.
There are a number of benefits to choosing a Neteller casino payment method. These include:
There are also a couple of negatives to choosing this payment method at online casinos too and these include:
Players from Canada, the US and some other countries can no longer use Neteller. They are one of the many payment processors that left the US and Canadian market after the American government passed a bill called the UIGEA. This bill blocked certain kinds of financial transactions to online gambling establishments. It used to be so easy to find Canadian online casinos accepting Neteller but this is no longer the case. In the past number of years though we have seen a rise in casinos accepting Neteller so things may be about to change. Most software providers offer this payment option and this include Microgaming, Playtech, IGT/Wagerworks, Cryptologic and NetEnt. Those that allow players from the US such as RTG, Rival Gaming and TopGame Technology won't offer this payment provider.
If this is a payment option for you then be sure to keep an eye out for the Neteller casino bonus. This is offered by a number of casinos and will give you a percentage bonus whenever you make a deposit using the preferred payment method. This can be between 10 and 15% and is a great way to boost your bankroll.
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