Neteller Online Casinos

Dave Dealer

2020-01-27 603 2 min read

Neteller is a registered trademark of Paysafe Holdings UK Limited (Terms of Use). Paysafe Merchant Services Limited is licensed to carry out money transmission services by the Financial Services Authority of the Isle of Man.

The Paysafe Group also owns Skrill and Ukash.

Neteller – what it is and how it works

Neteller is one of the largest online payment processing companies. Its customers use it to pay for all kinds of online purchases, including online casino deposits. Just look for the Neteller logo.

To deposit funds to your Neteller account, simply link it directly to your bank account, credit/debit cards, prepaid cards, any other alternative e-payment option or via bank transfer. 

Neteller also offers its users the ability to earn Reward Points when they make deposits and/or withdrawals from their Neteller account.

The company also has its own app that can be used to transfer funds and to track your account.

Neteller Casinos – Safety

Neteller offers its customers the most current SSL certificates and 128-encryption keys. They also house their customers’ accounts separate from the company. There is no reason to doubt the security of your money or confidential information.

Advantages of using Neteller at a New Zealand online casino

•  Ability to deposit and withdraw at any online casino that supports Neteller
• Access deposits immediately from your account
• No charge for transactions at merchant sites
• ATM withdrawals (with purchase of Mastercard)
•  Secure
• Established company with a clean track record
• Funds kept in trust accounts
• 128-bit encryption
• SSL (Secure Socket Layer)
• Earn Reward Points

Disadvantages of using Neteller at a New Zealand online casino

There are very few disadvantages to using Neteller in general. The top three reasons given by Kiwi’s are:

• Lack of Welcome Bonus opportunities
• Fees
• No voucher system to upload cash to your account
• NZ casino’s rarely offer a Welcome Bonus on deposits made through Neteller.

Once punters have claimed their Welcome Bonus activated through funding from another source, they can then switch to using their Neteller account.

Deposits via Neteller

When you login to your casino account and click on the Neteller link, your two accounts will have a direct link to each other. It is because of this direct link that players will be able to play from their deposits immediately.

There are no fees incurred when transferring from your Neteller account to your casino account.

Withdrawals via Neteller

The Neteller card is one of the very few online payment cards that will allow casino patrons to withdraw directly to their Neteller account.

In addition to the individual casinos withdrawal processing time, Neteller advertises that it can take an additional two to three working days to process the payout on their end. However, most of the time, Neteller can process the withdrawal within a couple of hours.

The ability to deposit and withdraw to the same account has helped to make this a favourite with punters.

Neteller cards can be used like an ATM card at any bank machine. It can also be used to make purchases from any merchant that displays the Neteller logo. You must have funds in your Neteller account in order to make purchases or withdrawals.

Neteller – Limits, Verification, and Fees 

You’d be hard-pressed to find an online casino based in NZ that requires their players to pay a service charge to transfer funds from their Neteller account to their casino account.

Neteller is very upfront about the fees they charge. Casino patrons would be wise to review these to determine which method of funding their account is the most cost-effective for them, as the fees can quickly add up.  

There are fees to upload to your Neteller account from any one of the 58 different methods Neteller offers.

There are no fees charged when making a single deposit of at least $20,000USD or currency equivalent.

Neteller adds an additional 3.99% to any foreign currency exchange rate. These rates are determined by a third-party foreign currency data provider. This fee can be as low as 1% for Neteller VIP members.

As with all other e-payment providers, Neteller charges a monthly administration fee of $5.00 USD (or equivalent) each month that an account that has been inactive for at least 12-months. This fee is taken from the available funds in the account.

Neteller Casinos - FAQ

How do I use my Neteller Reward Points at an online Casino?

You would first need to convert your points to cash. The cash can then be deposited into your casino account.

Can I make a deposit to my New Zealand online casino account with my Net+ Prepaid Mastercard?

No. NZ online casinos do not accept deposits from your Net+ Prepaid Mastercard.

What kind of casino bonuses are available to Neteller account holders?

Most online casinos based in New Zealand do not offer a Welcome Bonus when new players make their first deposit from their Neteller account. Because online casino transactions are more likely to be fraudulent when using neteller. It's quite easy to set them up in other people's names. That invites bonus abuse

How do I know if a casino accepts Neteller?

When you are ready to make your first deposit, you will need to log into your casino account and then select Deposit. 

Can I use a cash voucher to put money in my Neteller account? I don’t want to transfer money from my bank account.

No. At this time there are no outlets that sell prepaid cash vouchers for Neteller.

Can I withdraw money from my casino account to my Neteller account if I deposited it using another method?

Most often - yes. But it depends on the amounts deposited by each method and how strictly the casino adheres to various AML restrictions

Can I use cryptocurrency to add money to my Neteller account to deposit at a casino that doesn’t accept cryptocurrency?

Yes. Cryptocurrency will be exchanged into the currency of your card.

Can I send money from my account to someone who doesn’t have a Neteller account?

Yes. The receiving party will receive an email notification that they have money waiting for them and instructions on how to open a Neteller account to collect the money.