NZ Neteller Casinos

Neteller has become one of the major electronic transfer methods for online casinos, though the road to this supremacy hasn’t exactly been easy. Today they rule the field when it comes to fast transfers and relatively low fees. Security is paramount of course, and not something you have to worry about when it comes to Neteller.

The company is not only partnered with a large number of NZ online casinos, but with plenty of other alternative payment methods too. It naturally supports a large number of different currencies, which also includes NZ dollar and lately also a variety of cryptocurrencies. This is an exceptionally good choice for those players who transfer money through a variety of means, as Neteller offers these possibilities for most of the other major payment providers. And that’s a package not many other payment methods can even dream to provide.

Neteller Casinos

Neteller online casinos are popular for a reason. Of course, Neteller as a casino payment method is just one of those reasons. But casinos that choose Neteller tend to offer the best choice when it comes to other considerations as well: bonuses, selection of games, variety of games from slots to poker and even bingo, security and protection, withdrawal times and low fees.

Ease of use is another consideration that keeps these sites popular, even when it comes to stuff like sending verification details that most players find troublesome. Moving the money easily to the casino and back to your Neteller account is something that everyone should consider as a criteria when choosing an NZ online casino. Neteller itself is available in the vast variety of countries found on this earth, serving the most popular currencies. It’s an excellent choice when playing on the go, or when relaxing from the comfort of your home.

How to Use Neteller Casinos

To use a Neteller casino you will need a casino account, a Neteller account, and a bank account or some other method of depositing into Neteller. There are no other requirements beyond this, though at one point or another you might need to verify your information both at the online casino and at Neteller. To deposit and withdraw simply follow these steps:

1. Open a Neteller account, and deposit money via your normal bank account.
2. Open up a NZ online casino account.
3. Enter the cashier and choose Neteller as a deposit method.
4. Enter the sum you want to deposit.
5. Follow the prompts to finish the deposit.

To withdraw your wins simply enter the cashier, choose Neteller, enter the sum and finalise via any prompts should such open up. And you’re pretty much done.

About Neteller

Neteller is what is commonly called an e-wallet, or electronic wallet. This makes it quite a different thing than a traditional bank, or credit and debit cards that are seen as traditional payment methods. What the company actually does is handle money transfers, usually between traditional methods and merchants. The latter can mean anything from an online shop to an online casino. There’s no lending or any other such activities, and the actual customer funds are always held in accounts separate from the company itself, ensuring safety and security as such.

Today the company is part of the larger Paysafe group, which is quite influential in the area of online payments. The basic method of using Neteller is first making a deposit to your Neteller account, then transferring the money to an online casino. And in case you score some wins, the withdrawal happens in reverse. One of the services offered by the company is their own MasterCard, which makes it even easier to use your tax free cashouts.

History of Neteller

The company was established in 1999, being one of the very first electronic wallets to emerge in a time when the internet was still very much in its infancy. Originally located in Canada, the company expanded into online gambling pretty much immediately, and became a pretty respected company in this regard soon enough. It’s no surprise then that their services are available in the vast majority of online casinos.

Not soon after, in 2004, the company moved over to the Isle of Man, presumably to take advantage of larger markets and better regulations. Here it continued to thrive, being at the forefront of electronic online payments. Though the fees levied by the company might have been considered high during these starting days, the company has led the competition in lowering the overall costs, ensuring that their customers get their hands on competitive transfers whose only benefit isn’t speed or ease of use.

Neteller and the US Poker Crash

Something massive happened in 2007, the details of which are still a bit unclear. The company’s funds and accounts in the US were restricted in what was to foreshadow the 2011 Black Friday of Gambling. The situation when it comes to online gambling in the USA had long been controversial, and soon became impossible with legislation forbidding transactions. This is why companies like MasterCard and Visa also laid down considerable restrictions on the use of their credit and debit cards in online casino sites.

The action in this regard went as far as arresting the founders of Neteller, who were originally looking at up to 20 years in prison on charges of promoting illegal gambling. Eventually, fines were levied and Netellers story in the USA came to an end. Certainly, lessons were learned all around though it’s hard to blame the company for the non-existent legislation in this matter, something that is slowly being corrected in the 2020s. It’s no surprise that Europe with its more developed casino markets and legislation became the main target for Neteller, and the future homebase of the company. Given how NZ gambling legislation works, allowing players to access all major online casinos, this proved quite fruitful for NZ casino players as well.

Neteller Back in Casino Business

Though the exit from US markets hit Neteller hard, supposedly cutting their revenue by up to 70%, they soon made their way back into greener pastures by expanding into the rest of the world. Neteller casinos have remained one of the core areas of business for the company, even though they have obviously sought to expand into other ventures. Gaming, online retailers, and even offering their own prepaid and virtual cards for even easier access to the money.

Today Neteller can therefore be used in three major ways:

• To pay online merchants
• To transfer funds to other customers of the company
• To use in any location that accept MasterCard prepaid

The company is much more than just an online casino payment provider, though there are quite some benefits to using in this capacity too. Neteller itself has become a brand under the larger company, which was previously known as Optimal Payments, but rebranded into Paysafe Group in 2015 when the company acquired its major competitor Skrill. Though the early years of existence can be described as quite stormy for Neteller, it is clear that they weathered that storm well. Today they are one of the most trusted and secure online payment processors, with connections to all the major players in the casino industry. There’s not much for them to achieve beyond buying out all their major competitors, which is something they’ve already accomplished to a degree.

Neteller Casino Bonuses

You might have noticed that a lot of NZ online casinos forbid players from claiming casino bonuses when using Neteller and Skrill. And of course, you’ve been wondering why that is so. Especially when online casinos and e-wallets seem like they are made for each other. There are a couple of reasons for this that turn out to be quite obvious.

The most important of them: bonus abuse. What then is bonus abuse? It usually means claiming the same bonus several times through different accounts, which is strictly against the rules. Especially when talking about welcome bonuses, which can even come with tons of no-deposit free spins.

Now this is something that has been incredibly easy due to the way Neteller operates. Unlike traditional payment methods, such as online banks, credit cards, debit cards, wire transfers and so on, Neteller didn’t necessarily require customers to verify their identity. You could then open up an account, deposit money and then create an account at an online casino without them being able to tell whether or not you had made an account before.

But is that the case really anymore?

One of the original concerns also proved to be money laundering. This is something all jurisdictions have tightened their legislations in recent years, and as such E-wallets, also known as digital wallets, like Neteller and their partner Skrill have had to increase their attempts in verifying their customers and ensuring the transfer of funds is well tracked. This in turn has abated the fear of bonus abuse, and subsequently casinos have been adding Neteller and other companies back to their allowed list of deposit methods when it comes to casino bonuses.

What we suggest is that you take a good look at the term and conditions before picking your NZ online casino bonus to play with. Of course, you have plenty of other options for depositing money to NZ online casinos, for times when you are looking to score a big deposit bonus.

Benefits of Neteller

The benefits of Neteller are not only about fast transfer times, possible bonuses or easy interface, mobile support and other things of convenience. People who use the service often can get their hands on VIP benefits. There are several levels to this, and they are not as hard to reach as you might first think. There are likewise benefits for the merchants, but those are not something your average NZ casino player would be interested in.

Let’s take a look at the different VIP benefits you can gain by using Neteller:

• Cryptotransactions, buying and selling, will increase your VIP status.
• The higher your VIP level, the lower your transaction costs and fees.
• If your Neteller VIP level is high enough, you can send money for free.
• Lower currency conversion costs.
• Make it high enough, and you get access to VIP events and promotions.

There are four levels in total, from silver to exclusive. However, even the lowest of these requires that you transfer at least 15 000 NZD through the Neteller service per quarter, which means that the benefits are perhaps aimed at a bit higher cost. The good news is that at least it doesn’t cost anything to join Neteller. It’s perhaps better to look for bonuses and benefits with online casinos.

Do notice that you don’t actually have to go all the way into VIP levels to get some benefits. Neteller True is a level between the basic user and VIP users, and this already cuts fees quite considerably. 

How Neteller Casinos Work

Neteller isn’t a bank, which comes with some benefits. For example, the money the company holds is held in separate accounts to ensure that the customers’ funds are always safe. What they offer is simply an easier way to move money around, and often this also means a much faster way. The origins of the company go back to the days when online banks didn’t exist, and any sort of money transfer was pretty much a manual affair.

Of course, that’s not quite the case anymore. Though the online aspect is not so much an obstacle anymore for banks, international transfers are. And as an NZ casino player, you no doubt know that all the NZ online casinos are international. This is the part where Neteller makes things much easier.

The process itself is simple: you transfer money to your Neteller account, usually from your own bank account. Then you deposit that money to an online casino. Should your luck roll the reels to the right positions, you can then withdraw the money you won back to your Neteller account, and then withdraw it back to your bank account. Or, get a Neteller prepaid card and use the money anywhere you want directly from your Neteller account. 

Neteller Withdrawal Times and Fees

There are a couple of things to break down here. First off, the money first needs to be moved to your Neteller account via some normal deposit method. Money going this way is usually instantly in the account, though it does depend a bit on the deposit method you end up using. The possibilities in this regard are almost instant, with online banks, other E-wallets, prepaid cards, debit and credit cards, and even normal money transfers being an option. Withdrawal options are much more limited, with Skrill, credit and debit cards, and bank account as the main options.

This is the part where fees usually come into play. Depositing money into your Neteller account comes with a cost, which depends on the method. Usually it can be between one and two percent, though VIP status can affect this considerably. Depositing into merchant sites, or online casinos, is free of charge. Likewise, withdrawal from a casino site to Neteller tends to be free of charge. Withdrawing money back to your bank account can come with a cost, but this really depends on your bank. The same applies to using MasterCard and Visa, which can come with a cost, but can also come with zero fees when withdrawing money. 

Moving money between different Neteller accounts is usually free of charge. Make note that Neteller tends to run different promotions, where for example international bank transfers are completely without fees for a set period of time. Finally, withdrawal times from Neteller to your other payment methods are usually from one to five business days depending on the method.

Neteller Casino FAQ

1. Does Neteller support the New Zealand Dollar?

New Zealand Dollar is amongst the currencies accepted by Neteller. This makes it even easier to transfer funds to and from online casinos, without any extra fees related to currency conversions.

2. How do I know which Neteller casino to choose?

It’s rather easy. Check out recommended NZ online casinos, and pick one that supports Neteller as a payment method. Make sure they have the bonuses and games you like to make the most out of your first Neteller deposit!

3. What can I do with Neteller cryptocurrencies?

At the moment, Neteller only allows trading with cryptocurrencies. This means that you can’t send crypto coins into your online casino account, only buy and sell them via Neteller. We’re hoping this to change soon, and are quite confident you can soon use NZ online casinos with cryptocurrencies via Neteller.

4. How long does my Neteller casino withdrawal take?

The withdrawal should be back in your Neteller account within minutes, and most within hours. Casinos will naturally take some time to process the withdrawal, which is usually anything from 24 to 72 hours.

5. Are there any alternatives to Neteller?

You might want to check out PayPal or Skrill. The latter is owned by the same company as Neteller, but offers a different set of options for depositing and withdrawing, as well as a different fee structure. The casinos in all of these cases tend to be the same.