Neteller Review 2020: Best Payment Processor for Online Gambling?

Founded in 1999, Neteller quickly grew into one of the biggest payment methods online. Owned by the Paysafe Group just like Skrill, Neteller is a popular payment gateway online with worldwide reach.

It has millions of customers all over the globe and is commonly used by Forex traders, online merchants, and most importantly, online casinos.

Created in 1999 in Canada, Neteller’s primary operations moved to the Isle of Man 5 years later. Contrary to what many think, it is not a bank as it doesn’t lend funds to customers. It’s simply an online payment provider regulated under the FCA.

Neteller first began processing online gambling payments in 2000, with 95% of the company’s revenue coming from that industry. The revenue went sky-high in 2010 when Neteller reported around $61 million. This made the payment service provider one of the biggest of all time and one of the most used as well.

As of 2020, Neteller is one of the largest online payment providers. Its widespread use in online casinos helped the company climb to the top and as things stand now, it won’t step down anytime soon.

If you’re interested in using Neteller for your online gambling career, read our Neteller review to make an informed decision.

Is Neteller Safe?

The Paysafe Group advertises Neteller as the safest and most secure way of transferring money online and that’s certainly the case. When you use Neteller, you can be sure that your money will reach the target safely and in ‘one piece’. 

You can use Neteller to pay online with confidence and send money securely anywhere in the world. When it comes to trustworthiness, it doesn’t get any more reliable than this.

Neteller Deposits and Withdrawals

There’s a wide range of options you can use to fund your Neteller account. When we say wide, we mean over 50 different methods wide.

Astropay, Bitcoin, Efecty, eps, Euteller, eps, and Klarna are just a tiny fraction of all the options at your disposal. The payment provider prides itself on low deposit fees, charging a fee of 2.50% per transaction for each.

At the same time, Neteller offers fast and secure withdrawals. Bank transfers will set you back $10, while Member Wires ‘cost’ $12.75. All money transfers come with a relatively low 1.45% fee with the minimum fee being $0.50.

Withdrawing money with Neteller is as simple as it gets so you don’t have to be a tech whiz to transfer money between your accounts.

Why Use Neteller to Fund My Poker, Casino or Sportsbook Account?

Neteller reigns as one the king of the e-wallet industry and that won’t change anytime soon. You can use it in literally any reputable online casino, poker room or bookie thanks to its small fees and fast & secure transfers.

With millions of users all over the globe, Neteller’s reach is beyond your imagination. Over 100,000 online merchants accept it and the number is constantly on the rise.

Quick and easy deposits in online casinos make it a favorite among players and the possibility of earning cool bonuses is another plus in the pros column for Neteller.

To be honest, the only disadvantage we can think of regarding Neteller is the small fees. However, if that’s what it takes to move money online securely, we’re ready to pay the (relatively small) price.