Introduction to Neteller
The purpose of this article is to inform beginning players how to safely move money to and from internet gaming sites. The focus will be on Neteller because it is the most popular online gambler's wallet and most sites prefer Neteller.
There was a time when depositing money to gaming sites was pretty simple just use a credit card. Those days are behind us, the vast majority of credit card companies in the U.S. do not allow money transfers to or from internet gaming sites any longer. That means we have to use a middle man. Those of you who have used PayPal
or are familiar with how it works already have an advantage because the two sevices work almost exactly the same.
Neteller is a licensed bank in the UK. They have very good security features you get an account number, a secure id number and also a password. All needed to access your account. When you set up your account you will also recieve a phone call to verify all your information and activate your account. There can be only one account per I.P. address. Yes there are few "hoops" to jump thru this is a GOOD thing as we are dealing with money.
There are several ways to fund your Neteller account
E.F.T. - Electronic Fund Transfer. The ability to transfer directly from your bank account to NETeller by using the Automated Clearing House (ACH) system. Available only in USA and Canada
InstaCash - InstaCASH Deposits work exactly the same way as regular EFT deposits only your account is credited INSTANTLY.
Credit Cards - There is a processing fee of 3.9% for these transactions.
Bank Wire - NETeller will cover the cost of receiving a bank wire from your financial institution. Your bank or financial institution may charge a fee to send a bank wire to your NETeller account from your bank account.
Most internet gaming sites cover all the costs associated with Neteller transfers. Although you will need to read each site's policy.
The next paragraph is my own opinion feel free to do what you want with it You need to know about linking your Neteller account directly to a bank account. You do not have to do this, although in my opinion it makes transfers much easier. I personally opened a separate account at my bank and linked my Neteller account to that bank account, not necessary but I am overly cautious about my money. You can link your Neteller account to your primary account if you wish and expect no problems whatsoever.
In conclusion if you are going to gamble online having a Neteller account will be very useful to you. Instead of taking weeks on end to receive your winnings the longest it has taken for funds to hit my Neteller account is 7 days. Most sites take 2 buisness days with no fees involved.
Hopefully this helps I tried to give information I would want when I first started playing poker onine.
Good Luck and Happy Gaming