Neteller

Neteller Basics

Neteller is a digital wallet used for online payments, money movement and deposits to entertainment sites. It was founded in 1999 by Stephen Lawrence and John Lefebvre, moved to the Isle of Man in its early years, and is now owned and operated by Paysafe, a global payments group based in the United Kingdom and incorporated in Bermuda. Neteller sits beside Skrill and paysafecard in the Paysafe wallet portfolio. It has one of the longest associations with online gambling of any wallet, having been among the first to handle deposits and withdrawals for the sector in the early 2000s, and that history still shapes how widely it is accepted today.

Using Neteller

The Wallet

At its core Neteller is an account based wallet that a user funds and then uses to pay merchants, withdraw winnings or send money. The appeal for players is that it sits between their bank and the operator, so card and account details are not handed to the gambling site directly, and transfers between Neteller and an operator are usually quick.

Cards and Withdrawals

It offers a Net+ Mastercard for spending balances in shops and online, and supports withdrawals back to cards and bank accounts. Within gambling it is accepted for both deposits and payouts, and Neteller runs a loyalty scheme that rewards active users with fee reductions and added benefits.

Currencies and Crypto

Neteller supports a range of currencies and has added the ability to buy, hold and sell some cryptocurrencies inside the wallet, extending it past simple money movement into a light crypto facility for consumers. It also supports fee free transfers between Neteller accounts, which players sometimes use to move funds between each other quickly.

Place in iGaming

Neteller's position is built on history and acceptance. Because it was one of the first wallets to serve online gambling, it is broadly supported across casinos and sportsbooks, and operators routinely list it as a standard deposit and withdrawal method. Belonging to Paysafe gives it the licensing, scale and compliance of a large regulated group, which matters in a sector where operators need payment partners that satisfy regulators across many markets. Its main difference from its sister brand Skrill is largely one of branding and user preference, since the two run on shared Paysafe infrastructure, and some operators offer both to give players a familiar choice. One point players watch is that gambling transactions can fall outside loyalty and fee benefits, which varies by operator.

Neteller Newswire

Recent Gamblers Connect reporting on Neteller appears here, linked across to this profile.