Neteller: Super-fast and Secure Online Casino Transactions
As a payment processing company, Neteller has been in business since its inception in Canada back in 1999 but by 2014, it had shifted its main base of operations to Isle of Man in 2004. Even so, the company has a global reach and has been dominating online electronic payments especially in the online gambling industry.
Neteller’s parent company as we speak is Paysafe Group, which also owns its competition Skrill. This has the advantage of facilitating cross-platform transactions between the two. And by the way, it is listed as an authorized electronic funds transfer company, contrary to its efficient banking-like features.
Just like its sister company Skrill it is available in 15 languages and has four products namely PSP, prepaid card, digital wallet, payment and payment gateway. The company financial records show revenue of $89.6 million as of 2014, and the figure has since gone up due to various developments and innovations by the company especially thanks to internet gambling.
The Best Kiwi Casinos Accepting Neteller Payments
As you can see, Neteller is one of the most convenient and reliable payment merchants for Kiwis who like gambling online. So, in case you want to use it, it’s readily accepted in exceptional New Zealand casinos such as;
Up to $500 Bonus
Up to $1000 Bonus
$800 Free for First 3 Deposits
Up to $8888 for first 6 Deposits
New players can get a massive sign-up bonus that’s worth a 250% matched deposit package up to NZ$2,500 after loading their first deposit.
How Neteller Works
The green and white themed payment processor has features that are synonymous to most payment processing companies, with an advantage of speed and security. The registration process is fast, easy and convenient and it’s easy for anyone to sign up as you’ll find later in today’s review.
Neteller has gone further to expand its portfolio by allowing the purchase of cryptocurrencies like Bitcoin, through the numerous payment options. You can load your account using over 100 different alternative payment options and carry out transactions in over 25 different currencies including NZD.
How to Use Neteller
Well, before you can start using Neteller, you must first create a free account. The signup procedure is only a matter of submitting your full name, email address, create a secure password and confirming compliance with the terms and conditions of the provider. A confirmation email with a link is usually sent to your email that completes the registration process and you’re good to go!
In case you are curious about loading and cashing out using Neteller, here’s how you can go about it;
How to Deposit and Withdraw Using Neteller
Log into your Neteller account by filling in your email and password
On the left dashboard, there is” Money in” section.
Several deposit options will be presented (you can pick any from 100 different merchants.
Confirm your transaction and your money will load right away
The variety of ways that you can deposit money in your Neteller account include using your credit card, interbank transfers, and other e-wallet services from third parties. Most of these transactions, however, attract a commission for the service which is often about 2.5% of the amount you are transacting.
Withdrawing Money from Neteller
Just like deposits Neteller, withdrawals take many forms. These include the use of pre-paid Neteller cards, interbank transfers, and other electronic transfers. Use of cheques or bank draft are possible but take a longer period of time at times up to 21 days when compared to the electronic transfers. So, here’s a quick outline of how you can withdraw your cash;
Log into your account
Hit the ‘Money out’ option
Select your cash out merchant of choice
Fill in the relevant banking details required
Continue to the next step
Confirm the withdrawal request
The average processing time of Neteller is subject to approval by the review team. This is often a matter of 3 days maximum and after this approval step, there is an additional 2 to six hours waiting period for funds to actually reflect on your account. Bear in mind that cashing out using Neteller merchant sites, while local bank transfers, direct wire transfers and peer to peer money transfers attract a fee of $10, 12.75 and $0.50 (min 1.45%) respectively
Pros and Cons of Using Neteller
Here’s a quick look at transacting in online casinos using Neteller