A large number of payment methods are available to iGaming players based in Canada, with Neteller undoubtedly being one of the most popular. Neteller was founded back in 1999, with e-wallet platform being owned by the Paysafe Group in the UK. Neteller now has millions of users, with an increasing number of casino sites offering this method of payment to players. This page will deliver useful information surrounding everything in which there is to know about Neteller, including exactly how it works, along with its advantages and disadvantages. Let’s get things underway by taking a closer look at the Casino sites currently working alongside Neteller.
Best Neteller Casino Sites 2024
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What is Neteller? A Brief History
Neteller was established in 1999, with the online money transfer platform being owned by the Paysafe Group, who also operate Skrill and Paysafecard. Neteller was actually created in Canada, before moving to the Isle of White in the UK in 2004. Neteller is regulated by the Financial Conduct Authority, which is required despite the organization not acting as a bank. Meanwhile, Neteller first started processing payments on casino sites in July 2000, with around 85% of such platforms now offering Neteller as a payment method. However, those based in countries including Singapore and Turkey are currently unable to take advantage of the services in which Neteller has to offer, due to legal issues.
Neteller in Canada
As we have already mentioned, Neteller was initially founded in Canada before the turn of the millennium, meaning that it comes as little surprise that the platform has attracted a huge number of customers over the years. Payments can be made in Canadian Dollars, meaning that there are no currency conversions to worry about, while the majority of casino sites available to players in Canada offer Neteller as a payment method.
Pros and Cons of Using Neteller as a payment Method
The following are the main pros and cons discovered by the testing of Neteller as a payment method at casino sites:
- Quick and Easy deposits – Neteller is hugely convenient for players, as well as facilitating quick deposits, allowing users to concentrate on playing their favorite casino games. All deposits made using Neteller are instant, while withdrawals are generally processed between 24 hours to 2 days.
- Supports many different currencies – Over 25 different currencies are available at Neteller, including Canadian Dollars.
- Accepted at mostly all casinos – Almost all of the casino sites available to players in Canada accept Neteller as a method of payment, with both deposits and withdrawals being available too.
- Withdrawal processing time is short – When compared to payment methods such as Visa and Mastercard, e-wallets such as Netller generally process withdrawals significantly quicker, with users often having their funds in a matter of hours.
- Details are protected – Those using Neteller to transfer funds to and from their casino account are not required to add their bank details, with casino’s only needing your Neteller details in order to process transactions.
- Allows transfers of large amount of money – The limits that have been put in place by Neteller cater for both beginners and high rollers, with large deposits and withdrawals being facilitated by the e-wallet.
- Free signup – It is free to register a Neteller account, with only some small fees to worry about when processing payments.
- Small fee charges might apply – Those who upload funds to their Neteller account in order to transfer to their casino site are likely to be charged a small fee, however this amount is in line with other e-wallet platforms available today.
- Many casinos don’t offer bonuses to deposits made through Neteller – The terms and conditions surrounding casino welcome bonuses often state that deposits made using Neteller will not be eligible, meaning that another payment method must be used initially for those looking to take advantage of such promotions.
How Does Neteller Work?
Those with a Neteller account are able to connect their bank cards, bank accounts and other payment details, helping them to easily and conveniently transfer funds into their wallet. Having done so, such funds can then be used to spend online, including depositing on casino sites. Meanwhile, users can also withdraw winnings from their casino site back to their Neteller wallet, as well as accessing such money as cash via the prepaid Mastercard option. All bank details are protected at all times, with casino’s only being able to view Neteller information, rather than bank details. Meanwhile, transactions processed using Neteller do not appear on any bank statements.
How to Create a Neteller Account in 6 Easy Steps
In order to set up a Neteller account, the following steps must be taken, which take just a matter of minutes to complete:
- Enter the Neteller website via desktop or mobile.
- Click or tap on the “Join for Free” option.
- Enter the relevant details, including your full name, email address and password, before selecting “Register Now”.
- Verify your account via email.
- Add a bank card, bank account or other method of payment to your account
- Transfer money to your Neteller account for the first time.
Neteller Fees on Casino Sites
There are some fees that Neteller customers must familiarize themselves with after registering, with the first potential charge surrounding those who are inactive on their account. After opening an account, those who fail to use it will incur a fee of C$5, while most other fees come as a percentage of your payment amount. Depositing on casino sites is normally free, however withdrawals are likely to come at a price. Meanwhile, those looking to get a Neteller Prepaid Mastercard must pay C$8, with there being no fee for adding funds to this card. Sending money to another Neteller wallet is also 100% free, while currency conversions come with a 3.99% exchange rate, however this is unlikely to affect many users.
Alternatives to Neteller
For those who are not 100% convinced by the information surrounding Neteller in which you have read on this page, it may be worth considering some of the other e-transfer platforms available to Canadian players today, with the following being among the best options:
PayPal – PayPal is perhaps the best-known e-wallet platform on the web, with the American organization supporting online money transfers internationally, as well as offering an alternative to the traditional forms of payment.
Paysafecard – Paysafecard, despite not being as popular as other methods of payment online, offers an alternative to Skrill, with users utilizing a voucher, rather than bank account or credit card. Users are able to deposit funds by entering the relevant 16-digit code when on their casino site.
Neteller Casino Bonuses
Those using Neteller to fund their casino account must be aware that they could potentially miss out on any welcome bonus on offer, with terms and conditions often stating that qualifying deposits must be made using a credit or debit card, rather than e-wallets.
Tips and Useful Information About Neteller Casino Sites
For those considering using Neteller, there are certain tips and tricks that will help to ensure that you make the most out of this particular payment method, including the following:
– It is certainly worthwhile linking your Neteller account with your bank account, as this will ensure that payments are processed as quickly as possible.
– Make a firm decision on the amount of cash you wish to withdraw before confirming, as this will keep fees down to a minimum.
– Be sure to check out Neteller promotions, which are available from time to time.
FAQ
Be sure to check out our casino reviews for information in this area, while the majority of sites will also make it clear as to which payment methods they deliver to players.
Yes, withdrawals can be processed using Neteller, however small fees are likely to be incurred.
Some casinos state in their terms and conditions that deposits made using Neteller will not qualify for their welcome bonus, meaning that it may be that players must deposit via another means, before switching to Neteller.
Deposits made using Neteller are instant, while withdrawals generally take anywhere between 24 hours to 2 days to complete.
Yes! The Neteller website is fully functional on a variety of mobile browsers, while an easy to use app is also available to download on devices.
Neteller is 100% legal in Canada, with the organization being fully licensed and regulated.
Final Words on Neteller Casino Sites
Neteller has a strong history in Canada, meaning that it should come as little surprise that millions of customers are using the platform in order to facilitate their online transactions, including a large number of players on casino sites. The speed and convenience of payments makes Neteller hugely attractive for players, while a number of security measures are in place to ensure safety at all times.
