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The Flexibility of Neteller Casino Banking

By: Fabian Rictor, Wednesday April 21st 2010
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Neteller is one of the oldest electronic wallets and also one of the most popular. Players will be hard pressed to find an online casino that does not accept deposits through Neteller. Over the years Neteller has understood the needs of online casino players and incorporated features catering to those needs. Therefore today Neteller has become one of the most versatile and flexible online casino payment options. This flexibility is apparent in the number of different ways that a player can load his Neteller account.

An online casino player can load his Neteller account using conventional options like local bank deposits and international bank transfers. Though not many players prefer this option, there are still some conventional players who use it regularly. One of the advantages of using this option is that it is free. Neteller does not levy any charges on amounts deposited from bank accounts. Another advantage is that players are still comfortable using conventional options that have no risks attached to them. The major disadvantage of this option is that it can take up to five business days for funds to be credited to the Neteller account. Players who prefer to use this option should transfer larger amounts so that they are covered for the interim period.

Neteller accounts can be loaded using credit cards from Visa and MasterCard and also using debit cards from Maestro. Funds are credited instantly but Neteller currently levies a fee of 1.75%. After the Neteller account is loaded players can make deposits at the various online casinos they are playing at. The main advantage of using credit or debit cards to fund Neteller accounts is that the sensitive details such as card numbers remains only with Neteller. Players do not have to furnish these details at all the online casinos they wager at and this would be giving them considerable relief. Another advantage of a routing the credit card option through Neteller is that all online casinos allow withdrawals to Neteller, but many do not allow withdrawals to credit cards.

Neteller also allows loading of accounts through the instant bank options. These options are country specific and have varying fees. The advantage is that a player can use the option popular locally in his country. He is usually familiar with this option and can get support in his local language. Some examples of such options are Poli in Australia and GiroPay and Sofort in Germany. These options are linked to the players’ local bank accounts and can instantly transfer funds to their Neteller accounts. This overcomes the problem of delay using conventional bank transfers but without losing the comfort of using bank accounts.

Neteller's tie up with Ukash has given it considerable strategic advantage. Ukash is the most popular prepaid deposit option widely used in the United Kingdom and many European countries. Many players prefer loading their online casino accounts using Ukash prepaid vouchers because of the considerable advantages. However the problem is that each Ukash voucher is for one-time use only. Therefore if players want to fund five online casino accounts using Ukash vouchers they have to purchase five vouchers. Neteller account holders need purchase only one voucher and can use it to fund their Neteller account. Then they can transfer funds to five online casinos without any problems.

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Comment by: Sharon Williams On: April 25, 2010
It's very much unfortunate that NETeller no longer offers service however to US and Canadian players in the gambling world. Thy have cut themselves out of two fairly decent sized markets.

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