How to Open and Fund a Neteller Account
Opening a Neteller account is very easy, so it is no wonder that there are so many poker sites accepting this payment method. The whole process takes very little time, is simple to follow, and is completely free.
To make things even easier for you, we created a step-by-step guide of how to open your Neteller account and fund it for the first time.
- First of all, you need to go to Neteller’s official website and click on the “Join for free” button. The website is available in many languages, so you can choose your preferred language in the upper right corner of the screen.
- After that, you will need to enter an email address that will be associated with your account, choose your country of residence, and your preferred currency. We advise you to choose the same currency as the one you chose on your poker site in order to save money on transaction fees.
- After this step, you will be required to enter your personal details. This is pretty straightforward, so just click continue when you’re done.
- You can also choose to receive a free Net+ Prepaid card when you fund your account for the first time. Make sure that you have entered your address correctly.
- After creating your account, you will receive an Account ID and Secure ID. Take good care of these numbers. The Account ID is used to log into your account, while the Secure ID is necessary for some Neteller transactions.
In order to start using your Neteller account and make a payment to a poker website, you first need to fund it. You do this by going to the “Money In” section of the website and by choosing your preferred deposit options. You’ll be able to use many payment methods to do this, with different fees from one payment method to another.
How to Deposit and Withdraw Money Using Neteller
As soon as you have created a Neteller account, verified it, and funded it, you can proceed to deposit money into your Neteller poker site account. All that you need to do is find the deposit page, choose Neteller as your preferred payment method and follow the steps. In order to complete the transaction, you will be asked to provide your Account ID and Secure ID. Also, make sure that your poker site account and the Neteller account are set for the same currency or you will have to pay conversion fees.
Withdrawals follow pretty much the same procedure. Go to the withdrawal page on the poker website, select Neteller and follow the steps pointed out there.
Neteller Transaction Fees and Processing Time
The processing time when making deposits via Neteller is pretty much non-existent, they are available instantaneously. That is the beauty of playing on poker sites using e-wallets. However, when you’re withdrawing money, the processing periods will vary from one poker site to another.
Some poker sites have pending periods where they review your request, which might prolong the processing time. Moreover, if you make a wire transfer, you might have to wait 10-15 days for the transaction to finish. If you deposit into a bank account in your own country, you will get your money probably within 24 hours.
Poker sites accepting Neteller typically do not charge any deposit or withdrawal fees. However, Neteller does, so it is something to be aware of. For example, if you choose to deposit using Visa credit and debit cards, you will be charged a 1.9%-4.95% fee. If you use PaySafeCard, you’ll pay a fee of 7.5%. Local bank deposits and international bank transfers do not incur any fees.
When withdrawing money from your Neteller account using bank draft, you’ll have to pay a fee of €7.50 up to €25 per transaction. Withdrawing via bank transfer costs €7.50 and via money transfer is charged 1.9% ($20 maximum). Payments from a Neteller account to a poker site are free of charge.
If the currencies do not match on your Neteller account and your poker site account, you will have to pay a 3.99% exchange fee for every transaction between the two. VIP members pay a 1% exchange fee.
The Downsides of Playing on Neteller Poker Sites
Even though Neteller has many advantages and poker players can benefit greatly from it, it also has some disadvantages that you should be aware of.
First of all, there are the fees. Depending on which payment method you use to fund your Neteller account and withdraw your money, you can pay some pretty high fees. Therefore, make sure that you inform yourself in detail and also avoid dealing with two currencies to avoid exchange fees.
Moreover, even though creating an account on Neteller is fast, some users are still not happy to do it. This is mostly because of the verification process which can be lengthy and tedious at times.
Finally, Neteller is not available in the US. Other e-wallets like PayPal and Skrill are also banned in the US. Therefore, if you reside in the US, you should look at other payment options to fund your poker site account.
Neteller VIP Reward Program
Neteller is well-known for its dedication to their customers and customer service. Therefore, there aren’t many e-wallets or payment solutions out there that have a more tempting VIP program.
If you become part of the Neteller’s VIP program, you will get many perks when depositing and withdrawing money. For example, VIP members pay much lower fees on transactions and exchange fees are much more bearable as well.
VIP members also get a higher cap on all transactions, so Bronze and Silver members can withdraw up to $1,000 daily from ATMs, while Gold, Platinum, and Diamond can withdraw as much as $3,300.
There is also a VIP chat service available 24/7 and a personal VIP manager who will answer any question or concern you might have, in your native language.
Neteller is an online payment method that has been around for almost 20 years. It was established in Canada in 1999 but its headquarters have moved to the United Kingdom in the meantime. It soon gained popularity, only to become one of the most used payment methods for online poker rooms. Nowadays, there are numerous poker sites accepting Neteller as one of their payment methods.