Neteller is one of the biggest and most popular e-wallet services in the entire world. The company is owned by Optimal Payments and is on the London Stock Exchange as OPAY. Neteller products are available in over 180 countries, allowing millions of people to transfer money between online vendors and their own accounts. Many of those merchants are actually real money gambling sites, which is one of the reasons why Neteller moved its headquarters from Canada to the gambling-friendly Isle of Man. Neteller transactions are lightning-fast and 100% safe, as the company relies on the latest encryption technologies to protect your personal information and funds.
As you’d expect, all of those traits make Neteller an excellent choice when it comes to making a deposit to an online casino, poker room or sportsbook. The company began processing transactions of this kind back in 2000 and held 80% of all gambling-related payments by 2005. Despite the fact that Neteller was basically forced to withdraw from the US gambling market due to strict online gaming regulations, the company is still very popular among European gambling enthusiasts.
Aside from a few US-facing poker rooms, casinos and sports betting sites, Neteller deposits are supported by virtually every real money online gambling site in the industry these days. Try any global, European or UK-facing network and you’ll quickly discover that it uses Neteller as one of the preferred payment methods. Consequently, sticking with Neteller gives you access to all kinds of gambling sites and most of the popular software platforms.
Quite obviously, this kind of popularity means that not all of those sites will adhere to the highest standards in terms of overall quality, but if you stick to the most popular operators you shouldn’t run into sub-par offerings. However, please note that finding an RTG (Rival or TopGame casino) that allows Neteller deposits and withdrawals might prove to be challenging due to the fact that these software companies tend to provide their products to offshore sites that accept American customers.
Finally, it is worth pointing out that Neteller supports as many as 17 major currencies and allows you to transfer money from your bank, credit card, and services like UKash or iDEAL, which means that you’d be hard-pressed to find a more flexible banking solution for European and Asian gambling sites. In fact, the platform is so popular that some sites go as far as to offer Neteller-exclusive bonuses, allowing you to claim some promotional money simply by sticking to this service while funding your gambling account.
Neteller is very convenient to use for all kinds of gamblers, as making a Neteller deposit doesn’t require you to provide the casino or poker room with your credit card information. Opening a Neteller account requires you to have an e-mail address and a bank account. Once you set everything up and transfer some funds to your Neteller e-wallet, funding your gambling account becomes as simple as visiting the on-site cashier menu, choosing the amount of money that you’d like to transfer and confirming the transaction. Neteller deposits are processed instantly by most sites in the industry, which means that you should be able to join the action pretty much as soon as you download your gambling client and register with your gambling site.
Neteller fees are very competitive and if that wasn’t enough, gambling sites won’t charge you anything on Neteller deposits and withdrawals. Finally, it’s worth pointing out that Neteller offers unique prepaid cards that allow you to manage your Neteller account without ever visiting your bank. Consequently, gambling enthusiasts are free to withdraw their winnings to their e-wallets and obtain real cash without transferring the money to other financial institutions. This kind of approach gives Neteller users an edge over PayPal customers, who are forced to move their winnings to their bank accounts before actually being able to withdraw their money from the ATM.
The Unlawful Internet Gambling Enforcement Act of 2006 made it illegal for most financial institutions to process any gambling-related payments from US-based customers. Despite being the largest payment processor in the United States pre-2006, Neteller was simply forced to leave the US market in 2007 following the arrest of Neteller founders – John Lefebvre and Stephen Lawrence. Both were eventually charged with money laundering despite having no active role in the company at the time.
Consequently, there are no major network offshore gambling sites that offer Neteller deposits to American gambling enthusiasts. However, it is worth pointing out that the company is returning to the US market on a smaller scale, as states like New Jersey and Nevada are opening their own regulated intrastate online gambling markets. The sites that operate on those markets are free to offer Neteller deposits, which are an excellent alternative to the unreliable credit card payments and rather expensive money orders or bank wire transfers.