Neteller was first established back in 1999 as part of a flurry of activity that saw the launch of several similar e-wallet type services, including Skrill and PayPal. Neteller had a target market in mind right from the beginning, however; they were going after the iGaming market and quickly made significant inroads into that space – particularly in the United States. Unfortunately, it was Neteller’s focus on the lucrative US market that ultimately led to a dramatic fall from grace when the Unlawful Internet Gambling Enforcement Act (UIGEA) was passed in 2006, forcing the company into a sudden and chaotic withdrawal from its primary market.

Fortunately for the shareholders of Neteller’s parent company PaySafe, the business earned sufficient profits during those early years to allow them to expand - first purchasing the Europe-focused e-wallet business Moneybookers (later renamed to Skrill), and later the voucher-based payment service UKash (later renamed to Paysafecard). Today, Neteller is once again a thriving business, and we're set to look at how you can use it to deposit at bingo sites in the UK.

best neteller bingo sites

Whilst e-wallets such as Skrill and Neteller are no longer as popular as they once were in the highly regulated UK online bingo industry, the companies still provide a valuable service with many benefits for players with specific requirements. Neteller is also authorised by the Financial Conduct Authority nowadays, and with millions of customers worldwide, you can be sure that sending and receiving money via Neteller is not only fast but safe and secure as well.

The term e-wallet has become an umbrella term in recent years and now refers to several other types of payment methods in addition to the kind of service Skrill provides. For example, Apple Pay and Google Wallet could also be described as digital or e-wallet services, but both require you to have linked bank cards attached to the service to function. Those services are amazingly useful in today’s digital economy, but as far as online transactions are concerned, they offer little to no benefit over using the attached debit or credit cards directly.

In contrast to other digital wallet services, Neteller operates as a self-contained system that enables users to hold a balance in an online-only account. Its primary purpose is to facilitate online gambling transactions, and as a result, the company enjoys widespread support from online casinos, poker rooms, and bingo sites. Moreover, these sites often provide exclusive promotions to players who use Neteller for their deposits and withdrawals. This arrangement is possible because of the favourable rates that Neteller offers iGaming operators, which are typically more advantageous than those provided by traditional banks.

After you deposit funds using Neteller, they are instantly added to your bingo account balance, and you can use them to purchase bingo tickets or play various casino games, such as slots. However, some operators may have a policy that excludes players who use Neteller for their initial deposit from receiving the advertised new player promotions.

Therefore, before depositing funds using Neteller for the first time, reviewing the operator's terms and conditions is crucial. If such a policy exists, it's recommended to use an alternative payment method for the initial deposit. It's important to note that this policy typically applies only to the first deposit, and you can use Neteller for all future transactions without any restrictions.

The advantages of using Neteller to fund your online bingo accounts are much like those offered by alternative e-wallets such as Skrill and PayPal. One thing that I have noticed, however, is that the fees attached to Neteller transactions tend to be slightly lower than those charged by Skrill, especially when it comes to moving money out to your regular bank account.

Many players still think of online gambling websites as being somewhat untrustworthy for various reasons – this is a fallacy, of course, as the robust regulatory framework now firmly established within the UK iGaming industry is second to none. Even so, many players appreciate the ability to register their banking information with Neteller rather than the bingo sites directly, and it is probably true that the odds of Neteller being hacked are far lower than those of some random online casino being exploited for stolen payment information.

Using Neteller also has security advantages - most online bingo sites do not support two-factor authentication, which is a standard feature offered by Neteller. So if an unauthorised party somehow accesses your bingo account, they cannot deposit or withdraw without access to your Neteller password, PIN number, and 2FA authentication method.

The best advantage of using Neteller to fund your bingo accounts is the withdrawal process - many online bingo sites will process e-wallet payments much more frequently than those sent to bank accounts or debit/credit cards. As a result, it’s not uncommon for operators to pay Neteller withdrawals several times per day. In some cases, they may even be sent automatically within seconds of you making the request! 

You may also find that withdrawing via Neteller is much cheaper than withdrawing via bank transfer too. However, you must also remember that there are additional fees for using the Net+ card to access your funds once they reach your e-wallet account.

Because Neteller is part of the same group of businesses as Skrill, the company, unfortunately, suffers from the same poor customer support issues that have plagued Paysafe’s operations for many years. A live chat facility has been available in the past but was later discontinued before being reinstated and then discontinued again – a situation that certainly does not fill me with confidence.

In truth, you are unlikely to need to contact Neteller’s customer support very often, which perhaps explains why the company places so little emphasis – and funding – on this area of their operation. Nevertheless, telephone hold times are unacceptably long unless you call during the middle of the night, and e-mail response times can sometimes be downright outrageous. Of course, your mileage may vary – some players have reported positive experiences in recent years, so the company may be taking steps to rectify this well-known issue with their service.

For players based in the United Kingdom, using a Neteller account to deposit and withdraw funds at online bingo sites is typically a smooth and speedy process. Upon opening your account, you can fund it using various payment methods such as credit or debit cards, bank transfers, cryptocurrency, or Paysafecard vouchers. However, there is a better alternative to consider.

Rather than topping up your Neteller account in advance, you can log in to your preferred online bingo site and select Neteller as your deposit method. Since you have no funds in your account, you will be prompted to choose the funding method for this deposit. By depositing directly through Neteller into your online bingo account, you can avoid the fees typically charged for making a payment to Neteller directly. This option offers a convenient and cost-effective way to deposit funds into your online bingo account.

Neteller is a popular and convenient payment method for UK-based bingo players. It allows for fast and hassle-free deposits and withdrawals, and its fees are typically lower than those of its sister company, Skrill. In addition, by depositing directly through Neteller, players can avoid additional fees and enjoy a seamless gaming experience.

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