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Why Do the Best Neteller Casinos Give So Much Importance to This Payment Method?

While many popular casinos accept direct payments through cryptocurrencies, other renowned platforms also support third-party payment processors for fiat currencies. This gives you the flexibility to pick and choose withdrawal and deposit methods that fit your needs perfectly.

For online casinos, one of the most favored alternative payment methods deems to be Neteller.

With plenty of trusted providers establishing themselves as the best Neteller casinos, it’s natural to wonder why this method is so sought after among bettors.

To help you understand Neteller and what it can do, here’s a lowdown on this distinguished payment processor.

It is a Highly Trusted Payment Method

Established in 1999, Neteller is licensed by the U.K Financial Conduct Authority and complies with all critical regulatory requirements. This experience and compliance provide it with a level of trust that isn’t boasted by many other payment processors.

As an online payment processing company, Neteller’s operations aren’t limited to casinos alone. It is supported by several other platforms on the web that range from service providers to ecommerce websites.

However, its massive support for casino platforms has certainly made its services shine in the online gambling industry. Today, you can find Neteller being supported by some of the most credible names in the online casino sector.

How Does Neteller Work?

One of the reasons why the best Neteller casinos are so favored by bettors is due to the ease of use that Neteller provides to its users.

Apart from a list of non-serviced countries that includes the U.S., Neteller offers its services around the world. Anyone with a debit card, credit card, or bank account can easily sign up for Neteller and utilize its services.

In addition to that, you can also make Neteller deposits and withdrawals using third-party payment processors such as paysafecard and Skrill. This means that even when you don’t have access to traditional banking services, you can still use Neteller to make your payments online.

As a result, those casinos that don’t directly accept debit card, credit card, bank account transfers or third-party payment processors are actually able to support those payment methods through Neteller.

This provides casinos and bettors with a level of flexibility that isn’t otherwise available with other payment options.

Neteller Comes With Its Own Fees

While the best Neteller casinos don’t charge any additional fees for depositing or withdrawing money through the payment process, Neteller has its own fees in place.

Deposit Fees

The typical fee is 2.5% of your transaction amount. These charges apply to all deposit methods.

If your deposit is equivalent to $20,000, this fee isn’t charged and only currency conversion and bank rates apply.

Withdrawal Fees

For withdrawals, Neteller has a few distinctions in place.

There is no fee for using your money on merchant sites such as select online casinos.
There is a $10 fee for bank transfers.
There is a $12.75 fee for wiring fees to other members.
There is a minimum of 1.45% or $0.50 fee for money transfers.

Cryptocurrency Fees

You can also buy and sell select cryptocurrencies through Neteller.

The fee to purchase or sell cryptocurrency through USD and EUR is 1.50% of your transaction amount.

The fee to purchase or sell cryptocurrency through other currencies is 3% of your transaction amount.

How Can You Start Using Neteller?

If your country falls under one of Neteller’s service areas, you can easily sign up for the payment processor directly through its website.

Just keep in mind that in order to stay true to its compliance, Neteller may require you to go through a few verification processes. These procedures are usually quick and painless. However, they do away with any sense of anonymity.

With that being said, signing up with Neteller can provide you with plenty of benefits in terms of ease of use. If you think that the payment method offers what you need, giving it a try on your next casino outing is not a bad idea.