Payment processing at online casinos and gaming enterprises online have become a major factor for the industry as credit card companies are being forced out of the gaming market by lawmakers in the U.S. It’s a good thing that alternate banking options are available for people who enjoy playing online. Companies such as Neteller are popping up to alleviate the loss of credit cards to the industry and have introduced many new banking facilities in order to make purchases and withdrawals to and from your online casino account. Choosing established bookmakers accepting Neteller is like putting your trust in any major financial institution you know that your money will be kept safe and that you can get access to it whenever you want.
I have to say that almost every trusted and reputable online casino currently out there on the world wide web offers Neteller as an alternative to credit card purchases at casinos. Paypal used to be the largest provider of alternative banking to the online gambling industry, but since they got bought out by eBay, they revamped their policies to disallow anything dealing with online gaming. It was kind of a dumb move in my opinion as they have lost a large chunk of their revenue due to dropping online gaming transaction.
Opening a Neteller account is fast and free and is done in a 100% secure environment, so you need not to worry about any potential security flaws as they have security down pat. As an added bonus incentive many of the online casinos and sportsbooks out there offer additional incentives for opening up an account with Neteller and making your purchases at either their online casino or sportsbook using Neteller at the purchase method. This is done to encourage the use of Neteller and to get as many players as possible aware of the fact that there are alternatives to credit cards and they’re just as good and convenient if not better. Neteller can be used for transferring funds between account holders to online merchants as well as to your favorite online casino.
Creating an account with Neteller requires that you fill out the appropriate North American or International registration form. Once you have completed the registration form, you will be sent your information in an e-mail. Logging into your account with Neteller requires an account ID which is a 12 digit number starting with “45”. In addition, when logging into your Neteller account, you’ll also require the use of a six-digit Secure ID which adds an additional security feature to Neteller’s system. This information will be sent to you via e-mail. It’s a bit of a pain to have this extra layer of security, but in reality, there’s no such thing as too much protection when it comes to dealing with anything financial online.
Funding your Neteller account is simple, and there are several options available. North American citizens or users with an American bank account can deposit anywhere from $20 to $750 directly from their bank account using the instaCash option. This limit can be raised by clicking the “Raise My Limit” link when you’re in the instaCash section of the Neteller’s website. The benefit to using instaCash over a conventional EFT which is also available through Neteller is that the funds clear right away and are available to you for use immediately. For international users, the only options currently available for funding your account are to use credit cards, bank wire, and certified checks. I advise that you also certify your Neteller account as your limit will increase this is a fast process.
Making withdrawals using Neteller is fast and easy as well. You can make withdrawals via EFT, credit card, check or debit card. Credit Card withdrawals can sometimes take up to 30 days to show up on your statement and are limited to the amount that you had deposited. I personally use the debit card option offered as it’s a fast secure and easy way to withdraw funds from your account.
Neteller providers people are looking to gamble online with an option for making purchases and withdrawals at their favorite online casino or sports book. With the changes in internet payment regulations options such as Neteller are becoming increasingly important for people who want to gamble online without any problems.