Neteller History
In the early days of online poker, Neteller was the primary payment method for Internet poker sites. In 2003, over 80% of all gambling sites on the Internet used Neteller as a preferred payment method. Neteller was synonymous with online gambling, which is why the United States government targeted Neteller in legal actions in 2005. At the heart of the Poker Boom, a publicly-traded company like Neteller suddenly found itself as the poster child for unregulated online gambling.
Neteller weathered the legal storm, but the passage of the UIGEA in 2006 was another huge setback for the company. By 2007, most online payment processors like Neteller were out of the US market. Forced to diversify its business operations, Neteller remade itself into a world-spanning e-Wallet which embraced gaming and non-gaming payments alike. When the US Department of Justice changed course in late-2011 and said online poker sites and online casinos were not illegal after all, Neteller was primed for a remarkable return to the US market.
These days, Neteller and Skrill are the two most prominent web wallets among all the many payment methods online poker sites offer. Despite crises which would have ruined lesser companies, Neteller’s efficiency, safety, and good reputation make it a preferred choice with online poker players around the globe.
Which Poker Sites Accept Neteller?
Neteller is a payment method at 2,500 online gambling sites worldwide. Neteller e-Wallet is behind only Visa and MasterCard when it comes to the number of poker sites which accept Neteller deposits. The list of card sites which accept deposits and withdrawals is legion. 888 Poker, Paddy Power Poker, Betfair Poker, William Hill Poker, Ladbrokes Poker, Bet365, Betfred Poker, and PokerStars all accept Neteller as a payment method. If you want a deposit and payout option to sample the many online cardrooms online, then Neteller is among the best payment options.
In the United States online poker market, Neteller handles deposits and withdrawals at sites like BetOnline Poker, Intertops Poker, BetDSI: Diamond Sportsbook International, TonyBet Poker (Betsson), Bookmaker Poker (America’s Cardroom), and SportsBetting Poker. In the regulated US online and mobile poker niche, sites like 888 Poker New Jersey, WSOP.com New Jersey, WSOP.com Nevada, PartyPoker New Jersey, PokerStars New Jersey, PalaPoker.com, Delaware Park Online, PlayMGM Casino, and Borgata Online Poker all accept Neteller.
Neteller Advantages
Players might be wondering what the advantages of using an e-Wallet in general and Neteller in particular are. In the section below, I’ll compare Neteller to credit cards, bank wire transfers, and Bitcoin.
- Security: Neteller adds an additional layer of security for those who don’t like to give out their bank account or credit card information. If giving a poker site your financial information scares you, use Neteller.
- VIP Benefits: Neteller offers account holder rewards, so you can double-up on bonuses and incentives when depositing with Neteller. The same can be said for credit cards, though.
- Fast Payments: Neteller is an instant deposit method. Most banking methods are, but Neteller beats bank checks and money orders.
- Free Deposits: Deposits are free in most instances. If it isn’t free for you, check to see if you can be reimbursed for deposit fees.
- Quicker Payouts: Neteller withdrawals arrive faster than bank wire transfers and checks by courier. Withdrawal times between in comparison to credit card payouts, but Neteller is a withdrawal option at more sites. E-Wallet payouts do not arrive as fast as Bitcoin payments.
Is Neteller Better Than Skrill?
Since 2017, Neteller and Skrill both are owned by the same company, PaySafe Group, so the difference in reliability and trustworthiness is the same. The list of sites which accept both web wallets is almost the same, so the usefulness of each for real money poker is negligible. Choosing between Skrill or Neteller is a matter of figuring of which e-Wallet provides the best fees and services in your country. Even these are quite close, though.
Neteller supports more currencies (22) and has higher limits on cash withdrawals and daily shopping. ATM fees, currency conversions, and money transfers to other members are the same — and all three are free for VIP members through Neteller and Skrill. VIP status is easier to attain through Skrill than Neteller. When you attain Skrill VIP levels, the advantages are commensurate with Neteller’s VIP levels, so this is a big advantage for Skrill.
Both e-Wallets are accepted by vendors and online merchants in nearly 200 countries, so both are useful almost everywhere. The question comes down to whether you want higher daily cash withdrawals and shopping limits, or whether you would prefer bigger benefits for VIP status.
Conclusion
Most of the world’s legitimate and respected online poker sites accept Neteller deposits. In a large percentage of those online card rooms, Neteller withdrawals are allowed. Between its long history in the online gambling industry, its many member benefits, and its acceptance as a payment method in 200 countries around the globe, Neteller is one of the best banking options online poker players can have. Open a Neteller account and assume you’ll be able to use it at your favorite poker site.
Frequently Asked Questions
Are there limits to how much I can deposit using Neteller?
Two factors will limit your deposit. First, you cannot pay more than your available Neteller account balance. Secondly, every poker site has minimum deposits and maximum limits.
How long will it take for my deposit to show up in my poker account?
Neteller payments post to a merchant’s account in under a minute. Your poker account balance should update with your deposit immediately afterward.
Are there limits to how much I may withdraw using Neteller?
Neteller will not limit this transaction. Online poker rooms often have restrictions on withdrawal size and frequency. Check out their Terms and Conditions for more information.
How long will a withdrawal take to post to my Neteller account?
This depends on how quickly the operator releases your funds. Their Terms and Conditions page should provide a time range. Once they send the money, it’s yours.
Will I be eligible for the site’s welcome bonus if I make my starting deposit through Neteller or Net+?
Yes. You will qualify for the welcome bonus. But, again, read the casino’s Terms and Conditions to find out the bonus rules.
Since the two services are run by the same company, can I transfer funds between my Skrill and Neteller accounts?
Yes, an instant transfer can be made between your two accounts. The fee ranges from 1.9% to 3%, depending on your country. VIP members may have lower fees.
Is there an app that will help me monitor my Neteller account?
Yes! The Neteller app is available for iOS, Android and Windows devices.
