Kiwis have been using Neteller since 1999, although it has largely shot to prominence since online casinos became popular.
It is an e-wallet service which basically acts as your virtual bank account. Many online retailers accept Neteller as a payment method, with transactions usually instant.
It’s a popular method with online casinos because a player is not forced to give their card details to the casino; rather, you use your Neteller account during the deposit process.
Neteller deposit & withdrawals
You will need to sign up at Neteller before you can use it to deposit money at online casinos. You link a bank account to your Neteller account so you can deposit money into the latter account. The beauty of using Neteller as the ‘middle man’ between you and a casino is that they have a strong reputation, while some people feel there is a bit of the unknown when they are giving card details to a casino.
The second step is to sign up at your chosen casino. We obviously have our favourites, but there are plenty of other casinos out there catering for New Zealanders which also have Neteller as a deposit method.
Generally once you have signed up at the casino you then visit the cashier or banking section and choose Neteller. You then follow the prompts, punch in your Neteller username and password in the casino window and choose the amount you wish to deposit. There is usually a cap on Neteller transactions, although you can apply to have your limit with Neteller increased.
Withdrawals work in a similar manner using Neteller at online casinos. You visit the cashier section and choose Neteller. You then put in your username and password (if it is not saved from your deposit) and choose how much you wish to withdraw. Withdrawals to Neteller are generally a fair bit quicker than with Visa, with some casinos processing them within an hour.
There is a small fee attached to depositing money to your Neteller account. This is between 1.5 per cent and 5 per cent if you are depositing with a Visa card. However, there are some deposit methods where there are no fees incurred by Neteller.
The good news is there are no fees when you are transferring money to and from your online casino account.
Casinos accepting Neteller
There are some simple things to remember when choosing a Neteller casino to gamble at. Make sure the casino is registered in a proven jurisdiction such as Malta, UK, Isle of Man or Gibraltar. These are some of the most respected places for online casinos to be based.
Once you have chosen a Neteller casino you need to check they have the games you wish to play. What’s the point of signing up at a Microgaming casino if you actually want to play 3D pokies at a BetSoft casino? Reading reviews and browsing the casinos’ websites should give you the answers you want before you deposit.
You will also want to make sure the casino you choose uses SSL encryption or something similar for their bank transactions. This would bring them up to the same standard as the leading banks.
Is Neteller a good casino deposit method?
The simple answer is yes, it is. It’s a fast, efficient and safe method to deposit money to your online casino account. While we think Visa is probably a smarter option for online casino players, we understand some people don’t like to use their card details online or simply don’t have a debit or credit card.
The fact Neteller does the dealings with the casino, rather than your bank, gives players peace of mind. If you don’t mind doing a bit of extra messing around, the world of web wallets opens up new avenues and gives us a glimpse of what might happen in the future.