Your Complete Guide to NETELLER and How to Use It at an Online Casino
NETELLER is one of the most popular payment methods used by online casino players in the UK. This is everything you need to know about the digital wallet including how to set up an account
NETELLER is one of the many payment options that UK-licensed online casinos allow players to use in order to deposit into and withdraw from their wagering accounts.
It offers safe and secure transactions as well as rapid processing times, particularly for withdrawals. Most payments are made within a matter of minutes.
NETELLER is operated by Paysafe Financial Services Limited (PFSL), a company owned by the Paysafe Group, and is one of the most popular payment methods available to online casino players in the UK.
The Paysafe Group also operates Skrill and Paysafecard.
Alternatively, you can open a NETELLER account now by clicking here.
NETELLER is a digital wallet (sometimes also known as an eWallet). A digital wallet is an online, prepaid electronic money account where you can store money and make transactions online or via mobile.
Some digital wallets – NETELLER included – also provide account holders with a prepaid card that can be used to make purchases in retail stores as well as online.
First launched in 1999, NETELLER is now one of the largest digital wallets in the world.
PFSL, which operates NETELLER, is owned by the Paysafe Group, which in turn is owned by private equity firms CVC Capital and Blackstone. They acquired the entire Paysafe business for £3.6bn in 2017.
The Paysafe Group has corporate offices in London (UK) and Quebec (Canada) as well as other locations around the world. In total, it employs more than 3,000 people.
The Paysafe Group is one of the most established and trusted payment providers in the world and PFSL is authorised by the Financial Conduct Authority in the UK to issue electronic money and provide payment services.
This means it meets the same standards as the UK’s most established and trusted banks and financial institutions.
NETELLER PRODUCTS EXPLAINED:
NETELLER offers three main products/services as well as a VIP scheme that aims to reward its most loyal customers for transacting with NETELLER.
Below, we take a closer look at each:
This is NETELLER’s flagship product and allows users to create an online account which they deposit into and then use to make transactions at thousands of merchant sites, including online casinos.
Players can fund their accounts through a variety of methods, from Visa and Mastercard to bank transfer and even Bitcoin (via BitPay) and in a wide range of currencies.
Users can also withdraw funds from their pay online account directly into their bank account or, if they have a Net+ Card, via cash machines located across the UK.
Pay online can be accessed via desktop, browser from mobile devices or via the dedicated NETELLER app which can be downloaded from the Apple App Store or the Google Play store.
The Net+ Prepaid Mastercard allows you to use your NETELLER account to make purchases anywhere Mastercard is accepted online or at retail locations in the UK and around the world.
NETELLER offers two types of card; a plastic card that is similar to a Mastercard debit card and a virtual card that can be used at any ecommerce website that accepts Mastercard.
The plastic card benefits from features such as Chip and PIN technology, contactless payments, added security and the ability to earn rewards points.
The virtual card benefits from features such as the option to add up to five cards each with its own name and currency, plus the option to set spending limits.
NETELLER users can send and receive money to and from other NETELLER accounts around the world instantly.
NETELLER transfers, whether sending or receiving, are near-instant and can be made in 22 different currencies.
NETELLER has developed a tiered VIP scheme that rewards users with a range of perks depending on the amount they spend with merchants via their NETELLER account each year.
VIP members can enjoy benefits such as higher daily withdrawal limits at ATMs, anniversary reward points, lower fees, a dedicated VIP manager, free money transfers and more.
HOW NETELLER ENSURES THAT ALL TRANSACTIONS ARE SAFE AND SECURE:
Online casino players want to know that their money is safe and secure when depositing into and withdrawing from their wagering accounts.
NETELLER provides some of the highest levels of financial security by deploying a 256-bit SSL encryption alongside multiple firewalls for added protection.
When it comes to preventing fraud, NETELLER uses industry-certified Payment Card Industry (PCI)-compliant risk management and fraud prevention services.
This includes state-of-the-art monitoring technologies that automatically scan transactions to identify suspicious activity, velocity, geo-location and computer fingerprinting among other things.
Should suspicious activity be identified, NETELLER is able to immediately block accounts while it follows up with the necessary authorities.
Like UK-licensed online casinos, PFSL holds user funds in a separate bank account to operational funds. In fact, it holds more than 100% of on-deposit, un-cleared and in-transit funds this way.
For added piece of mind, PFSL is PCI DSS compliant and as mentioned earlier is also regulated by the Financial Conduct Authority in the UK.
THE BENEFITS OF DEPOSITING AND WITHDRAWING WITH NETELLER:
There are many reasons why UK players choose NETELLER for online casino deposits and withdrawals, but these are the most common:
- NETELLER is safe, secure and highly reputable
- You only need your email and password to deposit and withdraw
- You can top up your NETELLER wallet with a range of currencies
- Online casino deposits and withdrawals are near instant
- Earn rewards points for depositing and withdrawing with NETELLER
- Climb up through the VIP levels the more you deposit and spend
THE DRAWBACKS OF DEPOSITING WITH WITHDRAWING WITH NETELLER:
The main drawback to using NETELLER is the fees that are imposed on deposits and withdrawals, not just into your NETELLER account but also when you deposit and withdraw at some online casinos.
Click here to find the fees NETELLER levies on transactions.
Although some online casinos do charge a small fee for players depositing and withdrawing with NETELLER, most do not. You can find this information in our detailed online casino reviews.
Another drawback to using NETELLER to deposit and withdraw at online casinos is that at some you will not be able to deposit with NETELLER and claim a welcome bonus.
This is because of the additional ID checks and verification processes online casino operators must undertake when a player deposits with NETELLER.
That said, some UK-licensed online casinos do allow you to deposit with NETELLER and claim a welcome offer. These are three Find MyUK Casino recommended sites that do:
STEP BY STEP GUIDE TO OPENING A NETELLER ACCOUNT:
NETELLER is really easy to set up and use. To open an account simply follow these five steps, which we cover in more detail below:
- Go to the NETELLER homepage
- Create your NETELLER account
- Access your NETELLER account
- Make a deposit
- Make a withdrawal
STEP ONE: GO TO THE NETELLER HOMEPAGE
Click this link to go to the NETELLER sign-up page.
STEP TWO: CREATE YOUR ACCOUNT
Enter your full name, email address and password. Your password must be at least eight characters long, include at least one uppercase letter and one number or symbol.
STEP THREE: ACCESS YOUR NETELLER ACCOUNT
You will be directed to your NETELLER account homepage where you will be able to manage all your activity in one place via your dashboard.
- Making a deposit
- Making a withdrawal
- Transfer money
- Net+ cards
STEP FOUR: MAKE A DEPOSIT
To make a deposit into your NETELLER account, simply click on the “Money in” tab on the left-hand side of the account homepage.
Before making your initial deposit, you will be required to complete a couple of forms. For subsequent deposits, you won’t need to do this.
First, you will be asked to select your country of residence and preferred currency.
You will then have to complete a form with additional information including your date of birth, gender, address, postcode and mobile phone number.
A unique secure ID number will then be generated for you. You are given the option to change this number to something that is more memorable for you.
You will be asked for this ID number when performing transactions, when depositing at an online casino and when accessing your account from the NETELLER mobile app.
To make a deposit, simply choose from the options available to you.
- Mastercard debit
- Mastercard credit
- Visa debit
- Visa credit
- Visa Electron
- Bank transfer
- Bitcoin (via BitPay)
Enter the amount you wish to deposit, any required card details and make sure to click the box at the bottom that states the money being deposited will be used for online gambling.
Click “Continue” and you will then be taken to a deposit summary page. Check all the information is correct then click “Continue” again to make the deposit.
You will then be taken through to a deposit confirmation page. Deposits can take up to 15 minutes to land in your NETELLER account but are usually instantaneous.
For any additional deposits you make, simply click “Money in” and you will be taken directly to the page with the various deposit options.
STEP FIVE: MAKE A WITHDRAWAL
To make a withdrawal from your NETELLER account, click the “Money out” tab on the left-hand side of your NETELLER dashboard.
The first time you do this, you will be required to add a bank account. You only have to do this once, but you can add additional bank accounts if you wish.
To add a bank account, you will need to enter your full name, bank account number/IBAN, SWIFT code, bank name, bank city, country and currency.
Click “Continue” and you will be taken to a page where you are asked to confirm the details you have entered. If they are accurate, click “Confirm”.
You will then be taken to another page that explains how NETELLER verifies your bank account. It does this by making a micro deposit which can take up to five working days to appear.
This deposit will show up on your bank statement regardless of whether you use paper, online or mobile banking. If using online or mobile banking it is easier to check if the deposit has been made.
Once the deposit has been made, return to the “Money out” section of your account. Enter the amount that NETELLER deposited into your account and click “Verify bank”.
Your bank account will then be verified for making withdrawals into.
HOW TO DEPOSIT WITH NETELLER AT AN ONLINE CASINO:
If you have created your NETELLER account, using it to deposit at UK-licensed online casinos is really easy by following these steps.
- Use the Find My Casino Tool to search for UK-licensed online casinos based on your own preferences and requirements
- Click “Play” to go straight to your preferred online casino and open an account
- Once you have created your account, you will be asked to make a deposit. Select NETELLER from the options available
- Enter the amount you wish to deposit – make sure you have enough money in your NETELLER account – and confirm the deposit
- Enter your unique secure ID number and confirm
- Your NETELLER deposit will be processed and the money will be transferred into your online casino wallet, usually in a matter of seconds
HOW TO WITHDRAW WITH NETELLER AT AN ONLINE CASINO:
Withdrawing from a UK-online casino with NETELLER is just as straight forward as making a deposit. Just follow these steps:
- Go to the online casino cashier and click withdraw
- Choose NETELLER from the withdrawal options available to you
- Enter the amount you would like to withdraw from your wagering wallet into your NETELLER account and click “Withdraw”
- NETELLER withdrawals are among the fastest and your cash will usually be transferred to your NETELLER account within a couple of hours but sometimes instantly
These online casinos are among the fastest when it comes to processing NETELLER withdrawals
NETELLER T&Cs TO BE AWARE OF:
It is worth noting a couple of things to be aware of when using NETELLER to deposit and withdraw at online casinos.
We have already mentioned that NETELLER charges fees for the deposits and withdrawals you make into your online wallet, while some online casinos will charge additional fees for using NETELLER.
You will also be limited to the amount you can deposit into and withdraw from your NETELLER account and there are also restrictions on the number of withdrawals you can make each day.
Apart from that, NETELLER is very easy to set up and use.
NETELLER has long been a favourite payment method among online casino players in the UK, providing high levels of security and super-fast transaction times.
It is especially useful for those that like to wager at different online casinos as an email address and password is all that is needed to make a deposit.
NETELLER’s points and VIP scheme also means that users are rewarded for the deposits they make into their online wallet as well as those they make at online casinos.
Click to open a NETELLER account now