Neteller is one of the most popular e-wallet providers in the world. Originally, Neteller was founded in 1999. A few years later, however, the payment company relocated to the United Kingdom. In the early days, Neteller's focus was clearly on online gambling payments. Nowadays, however, the successful payment company is much more broadly positioned. For example, instead of using online banking or credit or debit cards, Neteller allows payments to be processed quite simply via the free Neteller wallet. In addition, Neteller advertises that personal data and all transactions are secured via the SSL process with a special 128-bit encryption certified by VeriSign. By the way, unlike PayPal, Neteller does not have a banking license.
The e-wallet Provider has been operated by the Paysafe Group since 2015. Besides Neteller, Skrill and Paysafecard also belong to the group of companies. In total, the Paysafe Group PLC employs more than 3,000 employees according to its own information.
The charming thing about a Neteller payment is that the payment processing is completed in a flash. After selecting "Neteller" as a payment option in the respective Online Casino or online gambling house and entering the desired amount, the customer only has to log into his Neteller account and can confirm the payment within a few seconds with the credit balance available here. No sensitive credit card or bank data is transmitted to the online gambling provider for this purpose. You can fund your Neteller account with a VISA or MasterCard credit card, among others.
In the early days, Neteller was a payment method specialized in the gambling sector. This means that a large part of the payments went to gambling providers. In the meantime, Neteller has also established itself as a payment method in many online stores. But to this day, Neteller has remained a very commonly used payment option in the online gambling industry. This is probably also the reason why quite a few online casinos and online gambling houses have this e-wallet provider in their payment portfolio.
Note: In many cases, online gambling providers have stipulated in their Bonus terms and conditions that no bonus-qualifying deposits may be processed via Neteller (or Skrill). Otherwise, as a rule, no Welcome bonus will be made available, as Skrill and Neteller belong to the so-called excluded payment methods.