Why Use Neteller?
e-Wallets – known for their convenience, speed, and now widespread availability – have become an increasingly popular payment method at online casinos. Neteller is no exception, and Irish casinos that accept Neteller offer users plenty of benefits. Here are the biggest ones.
Like other e-wallets, Neteller acts as an intermediary service between merchants and banks. This means that Neteller withdrawal times at online casinos are significantly faster than traditional credit or debit card payments since they aren’t hamstrung by slow processing checks on either end of the transaction. For older payment technologies, these checks usually take somewhere between 2-5 working days, but Neteller withdrawals can be processed in an instant at fast withdrawal casinos.
Deposits with Neteller are also quick. At the point of transaction, Neteller payments don’t require any exchange of personal financial information like account numbers or sort codes; instead, users can simply authorise payments with the email address linked to their Neteller account.
Although authorising payments with just an email address may sound intuitively unsafe, it’s actually the opposite. Removing the requirement to exchange sensitive bank information on Neteller transactions means there are fewer opportunities for hackers to steal this data. Aside from this, Neteller is a credible global brand regulated by the Financial Conduct Authority (FCA), and will be on hand to support users with any issues related to their account. The FCA also requires Neteller to maintain customer funds in separate trust accounts, so that all customer balances are able to be repaid at any one time.
In 2003, Neteller launched its associated prepaid Mastercard, Net+, which can be issued as both a physical or electronic card. Users can load their cards with funds and use them at any Mastercard outlet or ATM around the world. To better insulate electronic Net+ card holders from hacks or frauds, these cards generate a new card number after every transaction, meaning that transactions will fail when attempted with an unauthorised number. Taking out a Net+ card will cost €10.
Similarly to Skrill, Neteller customers can also claim VIP status once they hit the required account targets. These targets will admittedly only be feasible for those on higher budgets, but VIP perks include 24/7 account support, personalised account management, lower fees, and invitations to the biggest sporting events from around the world.