![]() ![]() Of the major payment processors, perhaps none are more solely focused on the Internet betting market than Neteller. But even smaller upstart sites typically bring this company on as one of their first processing partners: their popularity with users make it one of the easiest ways to guarantee new clients will be able to make deposits, and sites that do not offer it as a banking option are likely to lose many potential players as a result. It is rare to find sites that do not accept it as a payment option, especially when it comes to major names in the business. Saying that Neteller is widely accepted at online gaming sites is, if anything, understating just how popular they are as a banking method in the industry. Other countries where this is not offered as an online gaming deposit option include Israel, Turkey, Singapore, China, and Pakistan. While they can open an account and use it in some limited fashions, they cannot transfer funds to any merchants that accept Neteller as a payment option. That said, the company has begun to rebound in the American market thanks to their use as a processor in the regulated casinos of New Jersey and the online poker rooms in Nevada.Ĭanadians face even harsher restrictions. However, they will be unable to use those accounts to play at foreign online gambling sites due to regulations on payment processing put in place by the US government. In the United States, individuals are welcome to open and use accounts with this service. However, there are some major exceptions to this general state of affairs. Neteller is a popular option in numerous countries around the world, and in most places, they operate with few restrictions. Other than the fact that it draws on funds in the user’s wallet, this card acts essentially the same as a standard debit card. The most notable of these is a prepaid MasterCard, which can be used to make withdrawals (typically by using an ATM) or payments. Neteller also offers other products that are related to their main service. As we’ve already mentioned, there’s also the benefit of convenience for those who want to manage all of their gaming money in one simple account that can be used to move money from site to site. In a sense, this provides a layer of safety between their private accounts and the casinos they play on. Many individuals enjoy knowing that they do not have to share their private financial data with the sites they play on, since they only need to verify their accounts once to set up the wallet. ![]() This can be convenient for players who can then use that money to make deposits at other sites, or pull cash back to their bank account (withdrawals from wallets can also be received by check or other methods).įor players, there are several advantages to a service such as this. ![]() Frequently, players will also have the option to withdraw funds back to their Neteller wallet. With money in the account, users can then visit online casinos or other gaming sites and use their funds to make deposits. Once that is arranged, money can be loaded into the wallet from those sources. Plenty of options exist, but the most common ways of setting up this relationship are by linking the wallet to a bank account or to an existing credit or debit card. When a user signs up for an account with this service, they will then link it to one or more funding methods. Neteller’s main service is an e-wallet product that allows players to make payments and withdrawals from a wide variety of Internet gaming sites. And while it may not have the reach of a PayPal when it comes to general merchants, there are ways to use funds in these accounts to make payments and purchases elsewhere around the world. While the company may not be quite as dominant in today’s market, where there are far more options available to users, this still remains one of the easiest and most popular banking methods at Internet casinos. While other companies have since gained the trust and respect of gamblers, Neteller’s e-wallet solutions were revolutionary when they appeared in 1999, and have long been the gold standard for players looking to manage money at online casinos and poker rooms, particularly if they were playing at multiple sites. Neteller has long been one of the biggest names in the business of online payment processing for gambling sites. ![]()
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