Neteller is a multibillion dollar company that’s main focus is processing financial transactions online. Customers can opt to use a NETeller prepaid credit card to process their transactions, or an account number or email address if they’re working with a company, or in this case a poker site that accepts NETeller based transactions.
NETeller was initially founded in 1999, and today is used extensively for handling a variety of transactions the company is one of the online gaming communities top poker deposit options.
What Is a Neteller Account?
NETeller is an online eWallet that in a nutshell provides poker players with a quick and easy way to fund their accounts, and to accept payments from poker sites, as well as a handy way for players to send money back and forth to each other, which is especially conviente for staked players that find themselves playing on sites that no longer handle player to player transactions.
Over the last decade, Neteller has become one of the largest independent money transferring services in the world. The company handles billions of dollars in money transfers each and every year. Although NETeller isn’t available in the United States since the passage of the UIGEA; the service is available in more than 180 countries worldwide including. the United Kingdom, Japan, Australia and Germany.
Setting Up An Account
To set up your own NETeller account, which by the way is a completely free process; Visit www.neteller.com and follow the directions below:
- Click the grey Join For Free Button on the NETeller website.
- Enter your email address and your country of residence.
- Choose the currency you’d to use your NETeller account in, and then click CONTINUE.
- Fill in the enrollment form (this takes the average customer less than one minute).
- Submit the form, and then head to your email to confirm.
Once these steps are completed, your account will be completed and you will be given an account ID for making transactions on poker sites and a secure idea for account security purposes.
Verifying your NETeller Account
When you first create your account it will be unverified, meaning you will have some restrictions on your maximum balance and transfer allowances. The process for verification is very simple, in fact, we’ll walk you through it right now:
- Scan or Take a digital picture of your Passport or Government Issued Identifiaction.
- Scan or take a digital picture of a utility bill to prove your address.
- Email both of these documents to verify@neteller.com.
Where Can Neteller Be Used?
Neteller can be used as a payment option for a vast number of online retailers in the approved geographic locations. Neteller is also widely used for handling poker transactions on various sites, with some of the most top options being 888 Poker, Titan Poker, PokerStars, Winner Poker and Bet365 Poker.
Neteller Poker Deposits
Using Neteller to deposit funds into the account of your favorite online poker site is easy. Once your account has been set up on Neteller, make your way to the area of your preferred poker site that allows you to deposit funds. Follow the prompts on the poker site, and within minutes you can use a variety money transferring methods from your Neteller account to fund your poker account.
Regulation
Neteller is registered with the United Kingdom government’s Financial Services Authority, and is listed as an authorized electronic money institution. Neteller is publicly traded under the London Stock Exchange symbol OPAY.
Fees
There are fees attached to most Neteller services. For deposits, depending on the source that you are using to deposit money into your Neteller account, the fees will range from .75 to 9.9 percent. Withdrawals from your Neteller account, with the exception of merchants and money transfers, will also have an attached fee, ranging from 7.5 to 25 EUR, depending on the method used. Money transfers will not have a fee attached unless the money is being transferred in a different currency, in which case a 2.95 percent fee will be attached once the money has been received. For top-level VIP members, the fee for foreign currency transfers is reduced to 1.25 percent.
Neteller Versus PayPal
While both Neteller and Paypal offer very similar services there are some differences that could influence your decision to use one over the other. One of the largest differences between the two is geographic availability, as PayPal is accepted is several more countries than Neteller. If you are from the United States, or plan on making transactions with U.S. vendors, you may be better off opting for PayPal, as they support U.S. transactions. However, American’s or those residing in the States will not be able to use either option at any online gambling sites.
If you are in the states, you’ll need to check out our US friendly deposit options.
The main deciding factor between the two companies will likely be your residential location, since both of them have nearly the same fees attached for their services.
