NETeller makes online casino deposits and withdrawals easy and secure
The clear leader in alternative payment options, Neteller scores on no fees and extra security.
In the first part of Casino Sage's series on alternative payments, Declined? Using Alternative Online Payment Options, we discussed why credit cards are on the way out and services like Neteller are becoming widely used for gamblers all over the world to fund transactions and collect their winnings. In this article, we'll discuss the Internet's leader in online casino payments, and the Casino Sage's favorite, NETeller.
NETeller Inc. (www.neteller.com), a Canada based company, allows online gamblers to transfer cash electronically between their bank account and online casinos or sportsbooks securely, without the risk of transfers being declined. Every NETeller user has a free NETeller account, which acts like an online wallet that serves as a gateway between the user's bank account and online casino or sportsbook. The best thing about NETeller is that basic services are all free! Users can deposit, withdraw, and send money to gambling merchants all with no charge.
NETeller Security
NETeller truly makes every effort to keep your personal banking data secure, and verify that only you are making transactions in your account. All users are required to use an Account ID and Password to log in, and as an extra security feature, a six-digit "Secure ID" is required, too. Some users may find the extra Secure ID an annoyance, but as an extra precaution against fraud, it's well worth the extra keystrokes.
U.S. users that register their bank account with NETeller also are able to go through a bank account verification process that makes sure nobody besides yourself is using your bank account. To verify your bank account, NETeller makes a small deposit in your bank account, and then will ask you to enter the amount of the deposit(s) from your bank statement. Because only you have access to your bank statements, this verifies that your bank is really yours. This verification process usually takes 2 - 5 days, but only has to be done once.
Making Deposits to NETeller
NETeller offers four options to deposit money into your account. Most users needs will be met with the free Electronic Funds Transfer (EFT) method. An EFT transaction is a simple transfer from your (U.S. or Canadian) bank account. The great thing about EFT deposits is that they're free, but the drawback is the 3 - 5 day waiting period for the funds to clear from your bank before you can use the money in a casino.
If you can't wait for 3 - 5 days before you can start gambling, NETeller also offers an "InstaCASH EFT" deposit option which works like a regular EFT, but funds are available instantly. There is currently an 8.9% service fee on InstaCASH deposits. For example, if you deposit $100 by InstaCASH, neteller will keep $8.90 and you will instantly have $91.10 available to transfer to your favorite casino.
NETeller also accepts credit card transactions, but most U.S. and Canadian credit card users will be declined. This is because North American banks choose not to process transactions for certain merchants. Users outside North America can use their credit card for a reasonable 3.9% fee.
You can also transfer funds using a traditional bank wire. NETeller doesn't charge a fee for bank wires, but your bank probably will.
Online Casino Transactions Using NETeller
It couldn't be simpler to make deposits to nearly any online casino using NETeller. When you visit the casino's cashier, nearly all casinos have a NETeller deposit option. All you need is your NETeller Account ID, Secure ID, and the e-mail address registered with NETeller. Deposits are processed within seconds, and withdrawals usually take one business day.
Withdrawals from NETeller Accounts
Once you cash out from the casino and your NETeller account is nice and full with casino winnings, it's very easy to get the money back to your pocket. If you've verified your bank account, a free EFT withdrawal takes only 3 - 5 days. NETeller will also mail you a check for only $1, or FedEx it to you for $10.
Customer Service
NETeller's customer service is far superior to any other electronic payment service. They have live chat available almost all the time, toll-free phone support, and very responsive e-mail support. NETeller is always friendly and eager to help in disputes.
NETeller Bonuses!
Not only is NETeller easier and more secure than most other online banking options, many casinos will give you extra free money just for using NETeller. Check Casino Sage's bonus listings for great NETeller bonuses ranging from 5 - 20% on top of your regular bonuses.
Ready to start using NETeller and playing securely in nearly every online casino? Go to www.neteller.com to sign up for your free NETeller account.
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