Everything You Need To Know About Using Neteller At An Online Casino

Using Neteller at an online casino is a secure and fast way to make deposits and withdrawals to and from your casino player balance. This popular E-wallet is widely available across online casinos available in South Africa, especially as it has become a popular payment method for many South African players. Setting up an account is easy and simply requires you to register with an email address, along with your name, date of birth, physical address and phone number. While it doesn’t support ZAR currency at the time of writing, it does support Euros, US Dollars and several European currencies. Therefore, if possible, it may be recommended you set up your online casino account with one of Neteller’s supported currencies, in order to avoid doubling down on your currency conversion costs.

How To Top Up Your Online Casino Balance Using Neteller

Neteller makes online transactions easy and instant, making it a popular payment method amongst players and casinos alike. Before depositing at a casino though, you’ll need to ensure that your Neteller account is topped up with funds. This can be done through 60 different payment methods, although keep in mind that MasterCard payments are not supported by Neteller.

Once you have funds on your Neteller balance, you’ll just need to log in to your online casino of choice and head to its deposit page. Choosing Neteller as your deposit method will open up a form for you to enter your Neteller account details into, along with your chosen deposit amount. Online casinos will generally also remember your details, which makes the processing of future deposits and withdrawals that much easier. Handling withdrawals works in exactly the same way as deposits.

Is Using Neteller To Fund Online Gambling Safe?

Neteller’s parent company; Optimal Payments PLC is a UK based company, who must follow strict financial and consumer protection regulations. This level of scrutiny means that Neteller has an obligation to do its utmost with fullfling high level of standards when it comes to securing its user’s personal details and funds, as well as providing its payment services to the highest possible standards. This is achieved through its advanced and constantly updated security systems.

This is in addition to the fact that Neteller by its very nature keeps your financial details safe, as you will not be needing to enter them into different sites when making payments. It’s a great benefit being able to keep your financial details in one secure place online, as opposed to entering them into a bunch of sites where there then becomes a higher possibility of your details becoming compromised. All of your activity won’t come up on your bank statement either, which many online casino users find attractive.

What Are The Pros And Cons Of Using Neteller At Online Casinos?

Pros

  • There are no transaction fees from Neteller, making it stand out from many other E-wallets.
  • Deposits are instant meaning you can get into the action at your favourite online casino straight away.
  • Withdrawals from Neteller can be made without verifying your account, which many other E-wallets won’t allow. Keep in mind though that the withdrawal limit is set to R7,500 per transaction, until you verify your account.
  • There’s an added level of security using Neteller, as none of your payment details are shared with online casino or website you are making payment at.
  • Using Neteller avoids your bank interacting with your online payment activities.

Cons

  • As ZAR is not an accepted currency with Neteller, you will most likely be paying currency conversion fees to top up your account.
  • If you have a MasterCard you should be aware that Neteller doesn’t support it as a valid deposit method and therefore you will need to find an alternative means of funding your account.
  • While bank transfers are generally free with Neteller, South African customers will need to pay international wire transfer fees.
  • Withdrawals from your Neteller account will also need to be done via international wire transfer, which comes with a R200 fee and can take up to 5 days to be processed.

Additional Tips And Information For Using Neteller At Online Casinos

While it’s not necessary to verify your Neteller account in order to start using it, account verification is still highly recommended. Verifying your account will unlock a host of options, such as the removal of the R7,500 withdrawal limit. It should however be noted that the Net+ prepaid MasterCard that comes along with account verification is not currently available for residents of South Africa. Verification requires that you send in a picture ID and a proof of address, such as a utility bill. A bank statement will also be required on your first withdrawal request that will need to be actioned from the Member Wire option, which is the international bank wire method.

It is also recommended that you check with your bank before making transactions via Neteller, as some banks may charge additional fees for payments to and from Neteller.

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