Neteller is one of several deposit options which keeps cropping up at many online casinos. That is hardly surprising when you consider how easy it is to deposit at internet casinos using this world-famous e-wallet. What is Neteller, and how do you pop money into your favourite Canadian online casino using this option, though? If you want to play at Canada’s top casinos using Neteller, then read on to find out more.
What Is Neteller?
Neteller is an e-wallet, but you probably knew this already, right? Like most e-wallets, Neteller allows you to deposit money from your bank account into your Neteller wallet. From there, you can transfer it on from your e-wallet to your online casino account. The basic point here is that you can deposit at your favourite Canadian online casinos without having to provide the casino in question with your bank details. It adds an extra layer of security to a process that many players (not just Canadians) worry about regularly – safety.
Is Neteller Accepted at Canadian Online Casinos?
Neteller is accepted at most online casinos, irrespective of whether or not they are open to Canadian players. As a globally popular option, Neteller goes one further than some of its rivals, though. Not only can Canadian players use this option to deposit, but they can also expect to be able to withdraw with it, and do both of those functions using the Canadian dollar.
How to Deposit Funds Using Neteller
Neteller is one of the easiest deposit methods you can use to top up your balance at online casinos. First and foremost, you need to open a Neteller account. This won’t cost you a cent to do. After that, you should link your bank card to your Neteller e-wallet, and then let Neteller verify that it is your card. After doing so, you will be able to transfer large sums with higher limits than without a verified card. You now need to send a little money over from your bank to your Neteller wallet. What follows is straightforward.
Armed with a funded Neteller account, head to your favourite online casino
- Click or tap the cashier/banking page at your casino
- Select Neteller as your deposit method
- Enter the amount you prefer
- Fill out your Neteller account details when prompted
- Confirm the transaction
How to Withdraw Winnings Using Neteller
You can also withdraw winnings via Neteller. This process is just as simple as depositing at online casinos and uses largely the same steps. Here is what you need to do:
Again head to the casino’s cashier/banking page
Once more, select Neteller as your banking option, although this time it will be under “withdrawals”
Type in the desired amount and your Neteller e-wallet details
Confirm the transaction
The casino should immediately start processing your withdrawal, provided you have fulfilled any outstanding wagering requirements on bonuses you may have claimed. Once you receive your winnings in your Neteller account, you can decide to send it on to your bank account, if you wish.
Fees and Transaction Times
Neteller does feature fees, but in most cases, these have nothing to do with the Canadian casino you are playing at, but the e-wallet itself. You can deposit into your Neteller account using bank transfer, credit/debit cards or even Bitcoin and Skrill. Depositing less than $20,000 will see you charged a 2.5% fee. However, deposits of $20,000 or more are free of charge.
Transferring money from your Neteller account to your bank will cost $10 if you use a bank transfer. A money transfer can cost 1.45% with a minimum figure of $0.50. Deposits and withdrawals made with Neteller at online casinos are always free of charge.
Any deposit you make at an online casino should arrive instantly. Neteller is also one of the speediest withdrawal methods you can use. Expect transaction times of a few hours up to 2-3 days with Neteller cashouts, varying from casino to casino.
The Pros and Cons of Using Neteller at Canadian Casinos
There are always good things and bad things about casino deposit options. It is worthwhile keeping tabs on what they are before you decide to bet online. Here is a brief rundown of things you might want to consider when using Neteller at Canadian casino sites:
Widely Available: Neteller is a payment method which you are going to be able to use, seemingly no matter which deposit method you choose. Virtually all major Canadian online casinos accept Neteller deposits, so you won’t have to look very hard to find somewhere to play.
Top Security: Neteller uses 128-bit encryption to protect your transfers and personal data. If that wasn’t enough, by using Neteller, you are ensuring that no online casino has access to your bank details. Even if (and it is not likely), somebody was to hack your casino details, they will not obtain your bank account information, which is hugely relevant in the current climate.
Neteller Does Charge Fees: There are many e-wallets out there you can use to play at Canadian online casinos. Regrettably, Neteller is one of the costlier ones. You do get great value for your money, but nothing this effective and handy was ever going to be totally free. On the upside, at least your online casino won’t charge you for either depositing or withdrawing with Neteller.
Speedy Withdrawal Times: Neteller is one of the fastest ways that you pop money in and take money out of your Canadian casino account. Deposit times are instantaneous, and even withdrawing funds only takes between a few hours and days.
Find Top Neteller Casinos for Canadian Players Today
Now that you know that Neteller is a perfectly viable option for online casino players such as yourself, you might be wondering where to play? You don’t have to look that hard to find an online casino which accepts Neteller – virtually all of them do. However, if you wish to play with a top Canadian online casino which is licensed, safe, secure and offers Neteller deposit options, you can’t go far wrong by choosing one of our recommended casino sites.