The Neteller is a renowned name in the banking world, dating back to 1999. The company is now part of the Paysafe Group, like its main competitor Skrill. Both Neteller and Skrill are focused on making instant casino deposits and withdrawals feasible, without the need to share your card or bank details with each operator. Sounds great, right? That’s why players love these Neteller casinos.
How Neteller Online Casinos Work
Neteller works like other eWallets for online payments. Users must sign-up for an account on the official Neteller website. Then, you can transfer funds from other eWallets or banks to your Neteller eWallet account. From there, you can move the Neteller money to an online casino or pay for things online instantly. Each transaction via Neteller is completed without sharing your financial information.
This payment system is great for online casino players in Australia since most casino sites reject bank and credit card payments. Neteller is also much faster and supports casino withdrawals. The main downside is the applicable fee near 10% for all gambling transactions and the need for both a Neteller and a casino account.
If you are fine with these, you can register at any Neteller online casino and visit the cashier section to make instant low casino deposits. You’ll just need to enter your registered Neteller email and amount. Withdrawals work in the same way and can take anywhere between 2 – 24 hours to reach your account.
Pros and Cons of Neteller Online Casinos
If you have understood how Neteller online casinos work, you should already have a strong idea of what the pros and cons of the payment method are.
In terms of benefits, Neteller allows you to make instant online transactions without sharing your bank or card information. All payments are safe and backed by the transparency of the Paysafe Group. Many online casinos accept Neteller and it’s an option for both deposits and withdrawals.
The downsides of using Neteller are:
- Some online casinos won’t provide you with bonuses when using Neteller.
- Australian online casinos don’t usually support eWallets under the Paysafe Group.
- Fees apply to all gambling payments via Neteller.
Neteller Casino Bonuses and Games
Neteller is a modern payment system that only works with equally advanced operators. Neteller online casinos are usually powered by the best gaming vendors in Australia. Think of names like NetEnt, Big Time Gaming, and No Limit. This means you can play outstanding pokies like Bonanza Megaways, Narcos, and Legion-X. Live casino lobbies and crypto games are also supported at Neteller casinos, with payouts exceeding 10,000x.
In terms of bonuses, you must keep an eye on the casino’s terms and conditions. Neteller payments incur fees, and most operators want to discourage punters from using them. Still, they include it among their payment options because of its popularity and security features. Ensure you’ll get a welcome bonus before making a Neteller casino deposit with an operator.
Is Neteller Safe for Online Casinos?
Many in Australia choose Neteller because of its safety with 128-bit encryption technology, identity verification, and real-time transaction monitoring. Launched as a payment method in 1999, the technology belongs to the reputable British brand Paysafe Group. You can trust this payment method because they own many of the other big payment options like Paysafecard and Skrill. To give you an idea about the reputation, Paysafe Group received a listing as an ‘Authorised Electronic Money Institution.’
Many Australians trust Neteller due to its strong reputation, fast deposits and withdrawals, and the ease of setting up an account. If you don’t know what else to use, this one is worth a try.
How to Set up a Neteller Account
Before you can start using Neteller at online casinos, you first must open an account with them. First, head to the official website. You will tap the button that says, ‘Join for Free.’ You can find it on the right side of the screen. After you hit that button, it will take you to a page where you must register.
After you open the form, you need to put in specific details like first name, last name and your country (Australia is an option), currency (you are given the choice of AUD), password, and email. Add the correct information and hit register. Once you do that, you just need to verify your profile. This will work on desktop and mobile devices.
Neteller has many similarities with PayPal, but a big advantage of Neteller comes from the faster withdrawals. Every payment method will have advantages and disadvantages. For example, you could use prepaid cards like Paysafecard, but the biggest disadvantage is that they only allow deposits. Their limit on deposits can also hurt you when it comes time to getting your welcome bonus because you can only deposit so much. The advantage is how they sell vouchers for this card all over Australia, and plenty of casinos accept it.
What to Know About Using Neteller at Australian Casinos
Depending on the casino that you choose, some may set restrictions against Australian gamblers who use Neteller. The restrictions may relate to the deposits and withdrawals for your account. Overall, the process remains straightforward, but some online casinos may charge you a down payment fee to use Neteller. This payment is done for packing the funds into the account.
You may encounter withdrawal fees as well. This would work similar to the fees for deposits, but you can find casinos in Australia that won’t charge a withdrawal fee. Finally, you should be aware of transfer charges. When you go to move funds from your account to another Neteller user, this will usually be free, but you should always check with the casino in advance.
Conclusion
Neteller is among the top eWallets for gambling in the world. The only legit competitors include Skrill and PayPal. Few methods beat Neteller in terms of speed and safety, but it doesn’t come without downsides. If you think the banking option is right for your needs, you can join a Neteller casino from this page and start betting today.
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