There are so many payment methods available at online casinos by this stage that it can be difficult to know what the right choice for you is at times.
However, one name that you are likely to see at the majority of online casinos you spend time at is NETELLER, and there’s good reason for that.
NETELLER has been at the forefront of safe, secure, and easy online payments for well over a decade at this point, and their reputation has only grown stronger in that time.Read More
The History of NETELLER
Founded way back in 1999, Paysafe Financial Services Ltd, operators of NETELLER was created at a time when the internet was moving from being an unknown commodity to a part of everyday life, and the company looked to develop alternatives to traditional payment methods that were easier for those making online transactions.
The NETELLER website explains the philosophy the company was founded on:
“We help customers get their money where it needs to go securely and privately, and give businesses an option for accepting payments and making payouts in markets where traditional methods may not work.”
A simple logic, and one that is taken by many an online payment company at this point, but it’s worth remembering that back in the late 90s, payment methods were not as varied as they are now, and the outlook that Paysafe had was not far shy of revolutionary at the time.
Fast forward nearly 20 years, and NETELLER is one of the most popular payment methods amongst online casino players and in many other online industries.
It is not easy to maintain such a strong position as an industry evolves around you, and the iGaming world has definitely done that over the last two decades, with NETELLER managing to stay relevant and effective throughout.
The Paysafe Group PLC, which owns Paysafe Financial Services Ltd, is authorised by the Financial Conduct Authority (FCA) for the issuing of electronic funds.
The backing of the FCA is a guarantee that a company abides by the very highest of security measures, both physical and electronic, and follows all anti-money laundering protocols, which include identity verification, monitoring of transactions, and more.
With offices in the Isle of Man, Mauritius, and New York, with two in London, and two in Canada, Paysafe is one of the biggest companies in the industry, and while they offer various products by this stage, NETELLER still stands as their centrepiece, and their most popular payment method.
There are two main services offered by NETELLER outside of their traditional eWallet, the first is the Net+ Prepaid Mastercard, which allows players to put a certain amount on a card that they can then spend online and in land based stores throughout the world, this card can also be used in many ATM machines.
This card works in a similar way to a traditional debit or credit card, and by being linked to your NETELLER eWallet, allows you to easily move money into the account whenever you need to with immediate effect, and with no additional charges.
No credit checks are necessary when applying for this credit card, due to it being prepaid and therefore no credit limits or overdrafts coming into play.
The other service is the NETELLER Money Transfer, which allows money to be sent online safely and securely.
How NETELLER Works
If you are an online casino player who is considering using NETELLER, then you’ll want to know exactly how it works, luckily, the explanation is pretty simple.
NETELLER works like any other eWallet, you fund your eWallet account with your own money, this can be done via a variety of methods that include debit and credit card deposits, bank deposits, and bank transfers amongst a variety of others.
Once you have set-up and topped up your wallet, it is then ready to use. All you need to do then is use your wallet to make deposits at any online casino which accepts NETELLER as a payment method, of which there are many.
While NETELLER, as all other wallets, does charge fees for certain transactions and withdrawals, the charges are far below the standard charges for an eWallet, while cashing out to your NETELLER wallet from an online merchant site can be done without charge, while transfers from member to member are also free, which has little to do with online casinos, but is a useful addition to have nonetheless.
The concern with different payment methods (against the more conventional methods such as debit card payments) is that there will be delays in the withdrawals you make, but there is no such issue with NETELLER.
Payouts are immediate with NETELLER, so the only delays you will have are those added by the casino for the checks etc. that they need to carry out before cashing out a withdrawal.
Transaction limits are also a concern with NETELLER, but with a transaction limit of $50,000, this won’t be a problem for many!
As well as the guaranteed security that comes from developing their trade for many, many years, making it a great choice for players, NETELLER is also popular for operators due to the low-cost nature of the product.
The ability to keep both sides of a sale happy is not an easy one, but NETELLER have made it an art form during their tenure in the industry and that is a large part of the reason that Paysafe has become so successful as a company.
Still one of the most reliable payment methods around, despite the mass of competition that has appeared in the years since its inception, NETELLER is almost without peers when it comes to providing the ability to make transactions simply and confidently.
It’s safe to say that NETELLER isn’t going anywhere, and if you’re looking for a reliable, safe, and efficient payment and withdrawal method to use at your favourite online casino, you’d struggle to find an option that is any better than this one!