It is hard to mention online banking methods in Australia and leave out Neteller. This is especially true when it comes to the industry of online gambling. It is the most common and widely used web-based banking method. They made a name for themselves and they sure do know how to maintain their standards.
What is it?
Founded in 1999, Neteller in an e-money transfer service that is used to transfer money to and from merchants. And who are these merchants you might ask, well anyone who operates online with the inclusions of forex trading firms, social networks. And yes, you guessed right, online casinos. It is owned by the British global payments company Paysafe Group.
Neteller and Online Casinos
Neteller and online casino have a long and interesting history. It started processing web-based gambling payments in July 2000, that’s a year after they were founded. And they went on to process 85% of the world’s gambling merchants. Many of their transactions were based in America.
After a while, they were restricted from America and their revenue fell rapidly. The banking option was however still operating in other countries such as Australia. And to this day they are still operating in Straya.
Banking using Neteller
In 2003 it launched the Neteller Card that was later changed to the Net+ card. Under the Net+ card, the company offers MasterCard prepaid debit cards and merchant- brandable card programs. The card generated a different virtual card number for each transaction instead of having a fixed card number. This was used to prevent fraud. They were however canceled in 2016.
Making deposits using the banking oprion is easy. Follow these steps to instantly fund your account.
- Create an online account. This has to be done before you use it at an online casino.
- Find the banking on the banking page of the casino that you are playing at.
- Click on the Neteller option and enter your Account ID and Secure ID.
- Confirm and watch as your funds trickle into your account.
To withdraw funds is also very simple.
- Search for and find Neteller at the internet-based casino that you are playing at.
- Select the banking option
- Enter your Account ID and Secure ID
- Confirm the funds that you want to withdraw.
Advantages of using the banking options
There are a series of advantages that are associated with Neteller as a banking option for online gambling in Australia.
- Deposits using the banking option are instant.
- They are a trusted banking method.
- It is used in many countries globally, as a result, they accept many different currencies.
- They take pride in the security and safety of their clients’ personal funds and information.
- Neteller online casinos are known to run promotions from time to time.
- Neteller casinos are known to charge exorbitant transaction fees.
- There can be limits to the amounts that you can withdraw from online casinos.
- It takes quite some time to sign up for a Neteller account.
Other Banking Methods