Founded in Canada in 1999, Neteller is a popular e-wallet service that allows users to deposit, withdraw, and transfer money online. As with other e-wallet providers, Neteller is popular among online casino players, allowing them to access high transaction limits and fast payouts, as well as providing excellent levels of security.
In 2004, Neteller moved its operation to the United Kingdom and was acquired by the online payments company, Paysafe Group, in 2015. Around the same time, Paysafe also acquired Skrill and Paysafecard, bringing three former competitors under the same company umbrella. Neteller’s current CEO is Lorenzo Pellegrino, who also holds the same position at Skrill.
Neteller is regulated by the Financial Conduct Authority (FCA), an independent regulator overseeing the conduct of financial services in the UK. Under FCA regulations, Neteller is required to separate customer funds from its operating cash so that all customer balances can be paid back at any one time – just one of the security advantages of using this payment method.
There are many benefits to playing at a Neteller casino. Perhaps the most significant of these is that, once you’ve created a Neteller account and have linked it to a bank account, you can then go ahead and make casino transactions without disclosing sensitive bank details. This provides an extra layer of security and minimises the risk of being the victim of a fraud or phishing attempt.
Neteller casino payments are also processed at great speeds on both the deposit and withdrawal ends. Although withdrawals requested directly to a bank account can take some time to process, instant withdrawals can be made to your Neteller account. And since there’s no need to key in lengthy bank information on deposits, this process is also lightning fast.
In addition to these perks, many Neteller users also enjoy taking advantage of the company’s own prepaid Mastercard, Net+. Funds on a Net+ card can be used at any Mastercard-accepting outlet in the world; if you wanted to, you could instantly withdraw any funds as cash using a Net+ card.