Neteller

Neteller is one of the best known companies that deal with fund transfers for gambling purposes, and it’s also one of the oldest, being created way back in 1999. The company’s locaton is Isle of Man, and the company is traded on the London AIM exchange.

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How it works

Neteller allows its customers to create accounts where they can adds funds, withdraw them, or make transfers to other accounts. These accounts can be used for payments and deposits at merchants that offer this option to their customers. It’s one of the most appreciated methods of funding accounts at casinos for example, and it’s considered a leader in this field.

By using Neteller as a middle man, the customer doesn’t risk his own financial data when dealing with websites he knows nothing about. It’s the same advantage that is available through many other electronic wallet companies, and some of the biggest rivals for Neteller are PayPal and Skrill.

Their website has a good design, exactly what you would expect from a company of this size. You will find their interface intuitive, with links to various sections on their website easily found.

Deposits and Withdrawals

You have a number of different options available if you want to make a deposit at Neteller. Some of the easiest options to use are the debit cards and the credit cards (Visa, Mastercard, Visa Electron, iDeal, Maestro), along with bank deposits, international bank transfers, Ukash and many other less known options.

As for the options available for those that want to withdraw funds, they are a bit more limited. Among them you will find bank transfers, checks by mail, wire transfers and Net+ prepaid cards.

Fees

Many of the fees associated with deposits made with Neteller are free, but there are some methods that do have fees attached. Among the free options available for deposits there is Euteller, local bank deposits, international wire transfers, GiroPay, iDeal and in some cases Maestro cards.

Withdrawing your money out of a Neteller account is easy and painless, but it does tend to cost you a bit. Checks, bank transfers and bank drafts will set you back 7.5 Euros, while money transfers are free.

Safety

Transactions going through Neteller are secured with the help of encryption technology, at 128 bit. They’re also monitoring transactions as they happen and they verify the identity of each new customer, something that is standard practice these days.

Neteller claims that the money they hold for their clients is always safe, since everything is kept in trust accounts, and that they’re UK FCA authorized.

Conclusion

Neteller is one of the best choices you can make these days, at least if you’re looking to deposit and withdraw funds for online gambling purposes. There are a few other companies out there that are just as well known, but Neteller is known specifically for its gambling connections.