Neteller Bingo Sites 2020

Neteller (not to be confused with Nutella) is a UK eWallet provider that lets you make secure payments online by signing up to a free account.

It’s a widely trusted company with two decades of experience, specialising in gambling transactions and is available at big-name brands like Bet365 and Coral.

Neteller is operated by PaySafe Group which also owns other popular gambling eWallets such as paysafecard and Skrill, and offers three main services:

eWallet

You can use your Neteller account to buy things online and make deposits at bingo sites using just your user ID and password. However, unlike PayPal, you will need to load your account with cash before you can use it.

Net+ card

Net+ is a prepaid card that can be used wherever Mastercard is accepted. It’s a secure way to spend your money without sharing your bank or personal details. It’s free to use, but charges for deposits and withdrawals with fees reduced if you qualify for VIP status.

Money transfers

You can send money to anyone around the world with your Neteller account, even if they don’t have an account yet. Each transaction carries a 1.45% fee.

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The history of Neteller

Neteller was created in 1999 and quickly grew to become the largest online gambling payment method. In 2000, 85% of global gambling transactions were processed using the service.

The company moved from Canada to the Isle of Man in 2004 creating many problems for its revenue, which fell from $239m to $61m in a four year period.

Neteller had suddenly become a foreign operator to the US and its American users’ assets were frozen and not returned for three years. American gambling laws are complex and many states have an outright ban on internet gambling.

The payment company went on to dip its toes in sports advertising during the 2014/15 and 2015/16 seasons of the Premier League. Parent company Optimal Payments (now Paysafe group) sponsored Crystal Palace FC and Neteller’s logo was emblazoned on the front of their kits.

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How to set up a Neteller account

Opening a Neteller account is free and only takes a minute to do. Plus you can connect up to five bank cards at once.

1. Go to Neteller.com and click ‘Join for Free’ in the top right-hand corner
2. Enter your personal details including your email address, name, address and date of birth
3. Select GBP as your currency and click ‘Open Account’
4. Load funds from your bank using the ‘Money In’ section of your account

How to deposit using Neteller

Once you’ve set up and funded your Neteller account, you’re ready to deposit at a bingo site.

1. Sign up to a new Neteller bingo site from the list above
2. Click to visit the cashier from the lobby
3. Choose to add a new payment method and select the Neteller option
4. Enter your Neteller Account ID and Secure ID
5. Select your deposit amount and confirm your payment

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Should I deposit using Neteller?

Like with every eWallet provider, there are benefits and disadvantages of using Neteller at your favourite bingo site. We explore these below.

Pros

• No need to share financial information

Using a digital payment method is preferable if you’re looking to keep your bank details to yourself. Neteller keeps your information private from a bingo site and you only need to provide your Account ID and Secure ID to make transactions.

• Transactions are encrypted by a 128-bit system

All of your sensitive information (bank details, personal information, passwords) are encrypted with the best technology in the industry. This means that your information is converted into a code to prevent any unauthorised eyes from seeing it.  

• Fast payments

Withdrawals from bingo sites are often quicker to eWallets like Neteller than to debit or credit cards. You should receive your winnings within a day or two, compared to the standard 3-5 working days.

• Bonuses, rewards and gifts for loyal users

If you use Neteller to deposit often, you can qualify for its VIP programme which offers rewards including next day payouts, lower fees and increased limits.

• Convenient

You don’t have to remember card numbers or have your bank card to hand to play at a Neteller bingo site. You only need your login details to deposit and play.

Cons

• Lots of fees

You will be charged to deposit to and withdraw from your Neteller account. This can be off-putting if you want to transfer small sums of cash often. You can find a breakdown of the fees on the company's official website.

• Withdrawing to a bank account is slow

While withdrawal times from your bingo wallet to your Neteller account is fast, withdrawing to your bank account can take a few days, depending on your bank’s processing times.

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Verdict

Neteller is a secure, instant and trusted bingo payment method. It has heaps of experience in the gambling industry and top-of-the-range software to keep your money is safe.

Despite the high fees, if you regularly deposit and play at Neteller bingo sites, we’d recommend using this eWallet as it’s used by huge brands and is a convenient way to manage your funds.