Neteller is one of the leading internet e-wallet providers. It's safe, secure payment processing system, competitive fees and widespread support with online casinos have made it a popular choice among internet gamblers.
All you need to open a Neteller account is an email address and a bank account or a credit card. Once set up, you can use it to make payments and withdrawals, often at less cost than other conventional payment methods.
Neteller is supported by most leading online casinos, including 32 Red Casino.
Neteller offers customers the following advantages:
Neteller is simple and quick to operate:
The following diagram explains how you can use Neteller to make online purchases and casino deposits.
Neteller’s fees and charges are competitive, comparing favorably with rival e-wallets such as Skrill in terms of operating costs, ease of use and processing times.
Neteller offers a range of payment options. The costs and estimated processing times for transfers are listed in the tabled below:
Depositing funds in your Neteller e-wallet
|Bank transfer||Free||2-5 working days|
Withdrawing funds from your Neteller e-wallet
|Bank Transfer||$10||Instantly in selected European countries, 3-5 working days for the rest of the world.|
|Neteller Net+ prepaid Mastercard||Free - $6||Instantly|
|Cheque||$10/€7.50||Europe: 2-5 working days
Rest of the world: 5-12 working days
Residents in non-European countries can request an Express Delivery cheque. This costs €25 and is delivered in 1-2 working days.
|Bank draft||$10-30||Standard: 10-21 working days
Express: 1-2 working days
|Member wire||$12.75||2-7 working days|
Sending funds using Neteller
|Neteller account to Neteller account||Free|
|Deposit at a casino using Neteller account||Free||Some casinos may apply fees.|
There are some additional charges:
It is however free to receive funds into your Neteller e-wallet.
Opening an account with Neteller is easy. The registration process is quick, and there are no charges for setting up. In order to register for a basic account, all you need is an email address, and a credit card or bank account.
To set up a basic account:
This will only set up a basic, unverified account with major restrictions. These include restrictions on the amounts of money you can send, and you will not be able to withdraw funds from an unverified account. Instructions on how to verify your account can be found later in this guide.
Crediting your Neteller account is easy to do. For an overview of the costs and processing time, please refer to the table earlier in this guide. The amount of credit in your account is shown at the top of the screen.
To credit your account:
Because Neteller has been specifically designed for processing online transactions, leading casinos such as 32 Red support Neteller for both payments and withdrawals. Neteller transactions are especially safe with 32 Red, as the transaction is handled completely within the software, without you being redirected to external websites.
To deposit funds in your 32 Red account:
Withdrawing funds is no less difficult. As long as there are enough funds present in your account to cover the minimum withdrawal, you can transfer your casino balance to your Neteller e-wallet simply, safely and quickly.
To withdraw your funds:
Should you decide you don’t want to go through with the transfer, you can reverse the transaction. The funds will then be credited back to your casino account.
To do this:
The first step to increasing your withdrawal/transaction limit is to verify your account. Once you’ve completed the initial registration, your account is still unverified. Unverified accounts have number of restrictions in place, including:
|Maximum deposits||$2,850/lifetime (all payment methods)||$467,300/month (using bank account, credit cards and other payment options)|
|Withdraw funds from e-wallet||No||Yes|
|Credit card deposits||$150 max.||$4,000/30 days|
|Max. Neteller money transfers (account-to-account)||One||Unlimited|
|Neteller money transfer sending limit||Max. $100||$5,000 per transaction (verified friend); $50,000 per transaction (merchant)|
|Neteller money transfer receiving limit||Max. $300||$5,000 per transaction (verified friend); $50,000 per transaction (merchant)|
|Can apply for Net+ pre-paid Mastercard?||No||Yes|
|Deposits via international bank transfer||$1,100 per transaction||$400,000 monthly|
To verify your account, you’ll need a photograph or scan of a state-issued form of ID, such as a passport or a driver’s license. Once you have this:
Another way of boosting your limits is to join Neteller’s VIP program. Although most customers will find the standard verified account to be more than adequate for their needs, the four-tiered VIP program offers high volume customers a number of incentives and advantages.
Your eligibility is based on your transfer activity, and VIP status is awarded as soon as your account reaches a certain level of activity.
Neteller’s strong reputation is well deserved, offering its customers and merchants – including most of the top online casinos – quick, reliable payments with high levels of security and competitive fees.
If there is a downside, it’s that verify your account isn’t an automated process. However, the advantages verification offers easily outweigh the slight inconvenience of this.
Finally, here are some additional facts about Neteller: