Neteller

Neteller is a pre-loaded e-wallet that deals with online transactions and also has an accompanying Neteller card. It is widely accepted amongst online casinos, and is a familiar and trusted method for casino members. Funds and account information can be accessed twenty four hours a day and money transfers are funded instantly into your casino account. To check whether you can use it, search the accepted payment methods on the casino site by country.

Benefits

The main benefit of Neteller is the high level of security. As it is designed to deal with online money transactions, the safety standards are top of the range and completely secure. All money transfers are instantly credited, and an added bonus is that any withdrawals to the Neteller account have an extremely short waiting period of 24 hours. A further benefit of Neteller is that it is globally recognised, which allows users to select which currency they will be using when the account is opened. Neteller also allows funds to be reloaded from a variety of payment methods. Credit cards can be used and this assists users with the problem of having their credit card deposits declined due to issuer ethical reasons. Other reload options include online check, bank wire, internet banking and ATM Card.

Neteller is also easy to set up. There is a simple registration process which is free and easy to follow. One of the main attractions of Neteller is the InstaCash feature. This enables the owner of a registered account to fund and use the account immediately in unverified status. This is subject to limits and fees; 20 free deposits over a thirty day period, not exceeding $20,000. Once any of these three stipulations is achieved, a 2.7% charge is placed on any money transaction. However, it is an extremely convenient option for online casino members who require a new deposit method. The verification process entails registering bank details, and verifying a micro deposit which is placed into the registered bank account. Once verified status is achieved, the account can be used with reduced fees and higher depositing and spending limits.

User Friendliness

Neteller is an excellent option for those residing in countries that it services as it is quick, simple to set up and extremely secure. However, as of January 18, 2007 the company chose to suspend its US online gambling service for US customers as a reaction to the American gaming bill. Therefore, American players are required to find an alternative deposit method. An excellent feature for members is that all terms and conditions are separated by country, so everyone that joins can be 100% certain of their entitlements.

Although the InstaCash feature is an excellent user friendly option, the charges involved are pretty high. Deposits into the Neteller account are free but the transferral of funds to another merchant is not. Also, the fees are also much higher whilst unverified than verified. This is worth taking into consideration before choosing the InstaCash option. Registration is simple as only an email address is required. After inputting this you select a password, the currency that you will be using, then read the terms and conditions before accepting them.

Whichever payment method is used, the account must be in your name. For legal and ethical reasons, no online casino will allow you to deposit using business or third party accounts.

Conclusion

Neteller is a truly accessible option, which is widely recognised and has the additional feature of allowing the account to be used instantly, although the fees involved are reasonably high. It is extremely safe and secure, and is a popular choice. However, some countries are restricted and so this needs to be checked before trying to open the account.