Using this eWallet at online casinos is fast, reliable, and secure. Neteller is owned by Neovia Financial PLC, and has offered payment services to online casino players since 1999. During the early days, they were the only way to deposit funds into a casino account. It used to be very popular with US casino players. However, with the introduction of stricter gambling laws and the UIEGA, Neteller stopped taking payments from U.S. based players. However, it can still be used by over 180 countries and has remained a trustworthy and reliable service available at almost every online casino.
There are many reasons why Neteller is a popular choice with European and Asian online casino customers. To begin with, they offer fast and easy deposits and withdrawals. In addition, it is regulated by the Financial Services Authority, making it one of the safest payment methods. Many casinos offer special bonuses for deposits or withdrawals made via Neteller. Deposits into Neteller made by bank transfer and Maestro are free. However, funding a Neteller account with credit cards or other eWallets may attract a fee. There is a foreign exchange fee of around 2.95% when transactions that require currency conversions are made. Depositing money in your Neteller account through uKash attracts a 1% fee while there is a 1.75% charge on MasterCard and Visa deposits. Requesting withdrawals through bank transfer, check, and bank draft also attract a £5 fee.
Some online casinos offer deposit bonuses from 5% to as much as 15% when you use Neteller to fund your casino account. Customers also benefit from fraud protection due to the high level of encryption technology used by the payment service. They also assure customers that any personal information is never shared with a third party. Neteller has a strict registration policy with a list of documents to be submitted to prove your identity before your account is activated. Although this may seem annoying, it reflects on the company’s commitment to safety of their customers. Once your account is verified, you can make single transactions as much as £32,000, which is perfect on days when you rake in some big money at your favorite online casino. There are some real money rewards that Neteller offers to every customer that brings a new user to their system.