Is the Neteller payment system safe?

What is Neteller?

In fact, it is an international payment system which was launched in Canada more than 20 years ago. Now, Neteller is regulated by Paysafe Financial Service Ltd. in the UK. It mostly focuses on e-transfer, which is perfect for money transactions, between casino and player. In other words, it’s ideal for any e-business transactions. However, is it a trusted platform and can we use it without worrying about money?

Safety aspects

Many characteristics and players review says that Neteller is a safe banking method. This is a huge company, which has a large team of experts. As a result, they control and look out for every suspicious operation. Moreover, it provides an encryption SSL technology to protect your personal information.

Neteller commissions (fees)

As well as many other financial platforms, Neteller takes fees.

• Card fees – if you use Net+ card, you will need to pay 3.99% exchange fee, aslo a 1.75% for cash withdrawals and 9.32 euro for replacing a lost card.
• Deposit fees – in order to fund the Neteller account, you will have to pay from 1%-8% depending on certain payment method
• Withdrawal fees – it will cost you 1.9% to withdraw the money from your account.
• Currency conversion – 3.99% fee + exchange rate, if you use Net+ card.

Why should you use Neteller?

Advantages:

• High security – all your information is secure by several protection systems.
• Low fees – VIP status will reduce the fees
• Bonuses – usually, casinos provide bonuses as a promotion for using Neteller for deposit or withdrawals.
• Fast money transactions – Neteller is an e-wallet solution, that’s why deposits are instant and withdrawals take 24 hours maximum.
• Anonymity – all money transactions on gambling sites will be hidden out of banks.
• Multiple currency solutions – you are able to open an account with different currencies. In fact, that’s a huge benefit for international transfers.

How to use it for Gambling?

Actually, it takes about a minute to sign-up for a Neteller account for free.

1st step – is click on the large button “Join for free” on the main site.
2d step – is fill in your personal information and click “Register now”
3d step – is to choose the country and currency, and then click “continue”. Your account is ready.
4th step – add some money on account, using any other payment method and make a verification.
5th step – in your favorite casino go to the cashier and pick the Neteller options. Select the deposit amount and click “Deposit”
6th step – Fill in the account ID and Secure ID in the special form that Neteller sent on your email, which you used in registration.
Finally, you will be presented with a successful massage and money on your casino account.

Conclusion

Neteller is a reliable payment method for e-business transactions. Especially, we recommend you to use it for gambling, because many casinos provide bonuses for Neteller users, and it has low fees.