Payment Method: Neteller
Neteller is one of the most popular e-money transfer services used by merchants, forex trading firms, social networks and, of course, individuals who want to withdraw funds or transfer balances to their own bank accounts.
Some say that the Casino Veteran loves chocolate and hazelnut spread as much as winning. Others know that it's Neteller he's really nuts about.
Choosing an online payment method is the key to using online casinos to your best advantage. This is especially true if you have used up your free welcome deposit bonus and want to enjoy more online gambling at your new favourite online casino. When researching which casino payment methods to use, the Casino Veteran takes a range of different factors into account before he decides. With a wealth of experience in all aspects of making a wager online, he has recently been looking in depth at one of the best ways available for managing your money online.
Core services for online payment providers might look very similar at first glance, but the trick is to delve a little deeper and find out how things work in practice. The idea that customers around the world can transfer money, shop online securely, deposit and withdraw money with various online gambling services and even access prepaid card services is not new.In fact, Neteller, which was created in 1999 in Canada, is one of the originators of the concept. The ability to make quick and easy payments anytime, anywhere online has become much more a part of daily life since then.
Neteller History and security
Today, the company is owned and operated by British global payments company Paysafe Group. In 2015, the company, which at the time was called Optimal Payments, finalised the acquisition of Skrill Group, which was one of Europe’s largest online payments systems. Now, although Neteller is not a bank, it is among the world’s largest independent digital wallet providers.
As such, it falls under the UK's Financial Conduct Authority (FCA) e-money regulations. This means that it must look after customers’ money securely and keep enough funds in a separate ring-fenced account so that at any one time, it has enough to repay all balances if needed – so it's a great choice for anyone who has used up their free spins.
Online gambling has become such a popular pastime for many, but Neteller began processing online gambling payments back in July 2000, making it one of the pioneers in the sector. Today, high-turnover customers can access a premium membership offering, which is called "NETELLER VIP" – this includes both additional features and lower fees.
One of the ways that extremely popular companies are recognised these days is by their sports sponsorship deals. The Casino Veteran knows that when a firm splash its name across the shirts of teams in the English Premier League, they are serious contenders in their areas of operations. Neteller's logo was displayed on the front of Crystal Palace's shirts for the 2014/15 and 2015/16 seasons of arguably the most important football league in the world.
Customers can sign up for a Neteller account via the company's own easy-to-use website. Twenty-six major currencies are accounted for, and money can be transferred into the account via bank transfer, credit or debit card payments and around 40 other methods. The Casino Veteran thinks that this is a big selling point for the service and really sets it apart from some of its competitors.
Once money is in your Neteller account, it can be used to pay online merchants for goods, transferred to other users, and spent at any retailer that accepts Mastercard using the prepaid Neteller card. Money can be received into the account directly from other merchants, including gambling winnings from a welcome bonus and also for other streams such as insurance pay-outs or video gaming trading proceeds.
Some of the innovations that Neteller has introduced in the past include a virtual card that generated a different virtual card number for each transaction, instead of having a fixed card number, as is normally the case. This prevented some common frauds where an unauthorised user could obtain and try to use static card numbers. It also stopped accidental transactions form otherwise legitimate merchants that tried to take additional but unauthorised payments.
Some say that the Casino Veteran wears his heart on his sleeve. Others know that it's the card in his e-wallet that really shows you what kind of man he is.