Neteller is one of the most well-known names you will find within the collection of payment options available at White Hat Gaming casinos.
The familiarity you likely have with Neteller is a testament to the reputation the name has developed over the years, now being comfortably considered as one of the most reliable and trustworthy payment methods in a competitive industry.
Unlike a fair few other payment methods available at White Hat Casinos, the focus of Neteller isn’t only in the online casino world.
However, that isn’t to say this industry isn’t a focus, and for the sake of this article, it’s the one we will predominantly focus on.
The History of Neteller
Neteller started life way back in 1999 as part of Optimal Payments Limited, which has since been renamed as Paysafe Financial Services Limited, which is a subsidiary of Paysafe Group PLC and also operates Paysafecard, another payment method available at White Hat casinos.
In the time since it’s creation, Neteller has climbed the ladder to the top of the world of payment methods, despite stiff competition from many other big names.
So, what is it that makes Neteller so popular? And is it likely to maintain its position at the top going forward, as more names arrive, and technologies around payment methods continue to evolve?
The Neteller eWallet
The eWallet is the best known payment method available through Neteller.
In simple terms, the eWallet is an electronic wallet that functions in the same way as a normal wallet, in as much as you put money in the wallet, and use that money to purchase things.
When it comes to putting that money into the wallet, Neteller offers a range of options. Credit and debit card deposits, and local and international bank transfers are just some of the ways to fill your wallet, with some options (such as debit cards) being free of charge.
If you are using your Neteller eWallet for iGaming services, then withdrawing money into your wallet from your chosen casino is also free of charge.
While withdrawing money from your wallet to your bank account is not free, the charges associated are far lower than the industry standard, making Neteller one of the cheapest options around, as well as one of the safest.
It is also free to transfer money from your Neteller eWallet to somebody else’s via a member to member transfer. You can also send money to those who do not have a Neteller account, and the money will wait for them, so that when they set up an account, it will be delivered to them immediately, free of charge.
All payouts are immediate, so you can add quickest to the above list of things Neteller does as well, or better than its competitors.
The transaction limit is also high, with a $50,000 maximum on transactions.
Neteller Net+ Prepaid Mastercard
A lesser known option is the Net+ Prepaid Mastercard, which does pretty much what it says on the tin.
The card functions in a similar way to a conventional credit card, except, as the name suggests, it is prepaid.
The card is linked to your Neteller wallet, and you can load the card using the funds from your wallet.
Once the card is loaded, you can use it to make withdrawals at ATMs around the world, or make purchases at any establishment that accepts Mastercard.
The card does not come with any fees attached, and as it is prepaid, you also don’t have to go through any credit checks before being accepted.
Other advantages of the prepaid nature of the card are that there will never be overdraft or late payment fees, and you will not pay interest at any point.
The card is a good option for those who don’t want to carry cash, and means you can transfer winnings from your favourite casino site, straight to your card, and use that to buy whatever you’d like to treat yourself.
Neteller eWallets and services are available in over ten languages and nearly 20 different currencies, making it a popular method for Forex trading as well as online casino play. The Net+ card offers eight different currencies.
The service can be used in almost 200 countries around the word, making Neteller one of the widest reaching available payment methods.
While there are many payment methods available at White Hat Gaming casinos, sometimes the obvious is the best option. Neteller is popular for a reason, in fact a variety of reasons.
An eWallet (and prepaid credit card) that is easy to use, quick, safe, and cheaper than most other options, Neteller is an excellent option for most online casino players.