Over the years, Neteller has quite some leg work in becoming a reliable online payment method. It is one of the giants of the e-wallet payment realm. Casino players who opt for this payment option have reported a hassle-free way of transacting money. Therefore, it is a payment method worth reviewing. Let us have a deeper look at Neteller and how it helps players in Canada in online casinos.
What Is Neteller?
Neteller is an online payment system that started as the British-owned company Optimal Payments PLC, which began its operations in 1999. In 2004, the company shifted its office to the Isle of Man and expanded offices to other parts of the globe. Neteller today is used by millions of members across 150+ countries and in thousands of online casinos.
How Does it Work?
Neteller is an e-wallet and a popular banking method used in Canadian casinos. It is in the same parent company as Paysafe, so they have the same working principle. To use Neteller, you must have a valid identification with legal documents for verification. This is used to remove the possibility of fraudsters and underage players. Follow these steps to create an account with Neteller:
- Go to Neteller’s official website
- Click on “Sign Up”
- Enter your email address and choose Canada plus your home province
- Select CAD as the desired currency
- Input your personal information- legal name, address, date of birth, etc
- Create a password and choose the security questions asked
- Once verified, you will receive an email giving you a Neteller secure ID
- Make your first deposit
To add money to your account, there are a variety of options to choose from. You can choose between Mastercard, Visa credit/debit card, orb bank transfer. All deposit options have transaction fees except for bank transfers.
How to Deposit Money To Online Casinos Using Neteller
Depositing at your preferred casino with Neteller is relatively easy. Follow these simple steps, and you will have your funds instantly:
- Log in to your preferred online casino in Canada
- Head over to the banking option
- Select Neteller as the payment method you wish to use
- The online casino should pop up on Neteller’s website, where you’ll have to log in
- Confirm the amount and hit enter
- Your payment should be in the casino account within minutes
How to Withdraw Money To Online Casinos Using Neteller
Withdrawal is as easy as deposits. All you need is a few steps, and you should receive your money. To make a withdrawal at a casino in Canada, follow these steps:
- Open the preferred online casino and log in
- Go to the online casino’s cashier page and select withdraw
- Choose Neteller as the withdrawal option and select the amount you have to withdraw
- Just make sure the amount you choose is available for withdrawals and it is within the casino’s minimum and maximum withdrawal limits
- Once you confirm, wait for the money to reflect in your account
Withdrawals can take anywhere from 2-24 hours, depending on the online casino used. Once you have money in your Neteller account, you can then transfer it to your credit card, bank account, or another e-wallet.
Neteller Fees At Online Casinos
Neteller has friendly charges, and while it may not be the lowest in around, it is way better than what most online payment systems charge. The company doesn’t usually charge when you make a deposit, and if it does, it will be at the discretion of the selected online casino. There are zero fees for withdrawals, and any extra fees will only be on the online casino site. So, to be sure, check with your casino’s deposit and withdrawal fees.
Neteller is a trusted site for online payments, and it is considered one of the safest for online transactions. The site uses the latest security protocols and tools to protect customers’ identities and money. Such features of 128-bit encryption make it easy for customers to transact without the risk of losing their money.
Plus, Neteller’s payment system does not allow the recipient to see the sender’s banking details. Neteller has a trust fund where it holds all customer’s money, so you are sure your money will be available whenever you need it. No matter what method you use to deposit funds at Neteller, you’ll always be 100% sure it is in a safe place and discrete from third parties.
- Your bank information is always protected
- Account can be funded in plenty of ways
- Neteller has significant maximum limits
- Players can get rewards through casino offers
- Withdrawals are acceptable for online casinos
- Account registration is easy and fast
- Robust security measures put in place
- It may not be available in Canada
- Casinos charge fees for withdrawals and deposits
- Neteller is not available in all online casinos in Canada
- Customer support team can be difficult to reach
- Neteller might have small fees for certain payments
Neteller VIP System
It is not surprising to find online casinos with VIP systems and loyalty rewards. But when it comes to the online payment method itself, such offers are scanty. Neteller boasts a loyalty program and VIP system, which offers even more perks to its existing users. You can take advantage of the VIP system and get great discounts, help, and offers as you make payments.
The VIP system works for players who regularly transact with the company. First off is the loyalty system, where you get points for each dollar transacted. Once you earn enough VIP points, the system automatically puts you in the tier matching your points. The tiers include Bronze, Silver, Gold, Diamond, and finally Exclusive VIP Pro. Some of the advantages of enrolling in the Neteller VIP program include:
- 24/7 support
- Capped fees on certain money transactions
- Account verification takes a shorter time
- VIP manager
- Next day payouts
- Increased ATM limits
Neteller is a reliable payment system and a strong rival of Skrill and PayPal. If you need instant deposits and peace of mind as you work through transactions, Neteller is a great choice. However, you may incur costs here and there when it comes to withdrawals, but it won’t be as much.