For a fact, Neteller had the name Optimal Payments Limited, a company that came into existence in 1999. It then changed the title to Paysafe Financial Services Ltd. For more than a decade, Neteller has been providing individuals as well as commercial enterprises a secure, comfortable and prompt mode of transferring funds from one place to another. In the current era, Neteller has evolved to become one of the largest independent funds transfer enterprises, processing annual transactions worth billions of dollars, annually.
The company maintains unrivaled standards for its services, through the implementation of electronic and physical measures, not to mention top-notch Anti-Money Laundering protocols. For example, the leading 128-bit SSL encryption technology, verification of identification, and monitoring of all real-time transactions, thereby ensuring that there are few to no cases of fraud alongside identity theft. Additionally, Neteller has a plethora of branches that include Mauritius, one in New York, two in Canada, two in London, and the Isle of Man, among others.
Registering an Account
Creating an account to be able to play Neteller slots in the various casinos takes four easy steps.
- Enter your email address and confirm it.
- Type in your country of residence and preferred currency.
- Input your first and last name, gender, phone number, date of birth, password and a security question, and click on “Complete.”
The Pros and Cons of Using Neteller
|The Pros||The Cons|
|It is one of the coteries of platforms that exude trustworthiness in online payments alongside money transfers. Registration and account verification is free and takes a few minutes.||It has limited services in the jurisdictions of the USA and Canada.|
|Funding an account occurs in the blink of an eye thereby making it more convenient, courtesy of over 50 partner facilities, running the gamut from Skrill and Visa. Additionally, you can also access Neteller on your Mobile device.||The financial regulations and betting laws prohibit the use of Neteller in a cornucopia of countries such as Israel, Macao, Singapore, and Turkey.|
|It offers a VIP account which caters to premium and Elite members of Neteller online casinos requiring VIP support, protection from fraud, and efficient clientele support. Thus, this makes it unrivaled on the web.||Other e-wallets such as PayPal provide more security that this service, as it does not account for fraudulent funds transfers.|
For starters, to deposit by Neteller, you require registering an account which typically takes a few minutes at the most, after which you can then wire money transfers via a myriad of options. Some of these alternatives include debit and credit cards, Bitcoin, Skrill, AstroPay, International bank transfer, HSBC, Abaqoos, and Euteller.
Additionally, these transfers are not free and may incur transaction costs varying from one to seven percent of the amount you wish to deposit. However, International wire transfers are free of charge.
As you know, this service permits customers to retrieve their winnings via various withdrawal alternatives. Nevertheless, you cannot make any withdrawals without verifying your account. The processing durations, as well as costs, will vary depending on the option you choose. For example, a direct wire transfer may take five to ten working days, but if the bank’s location is within Europe, then you may transfer the funds directly to the bank after the usual verification procedure. The processing costs apply for Member Wire cash outs, such as EUR 10.5, alongside AUD 15. There are also currency conversion charges of 3% which apply to all transactions requiring a conversion of currency.
Casinos Using Neteller
A cornucopia of web-based gaming platforms permits their members to conveniently use this service to fund their accounts and retrieve their earnings (if any). The most vital factor is that the transfer of participants’ funds with this method in comparison to others occurs safely within a few seconds.
With that in mind, a coterie of the plethora of gaming platforms where you can deposit and withdraw via Neteller include Slots Magic, Unibet, 888, Kerching, Spinit, Sloty, Casumo, Leo Vegas, and Betsafe, among others.