Neteller is one of the world’s most popular and widely used casino payment methods. Today, Neteller online casinos are on the rise as this solution quickly becomes a go-to choice for plenty of South African players. Through this reliable eWallet, users can process payments to and from casinos while drawing funds from the user’s bank account.
Explore our comprehensive analysis of the best Neteller online casinos in South Africa. After thorough research, we have put together a list of reliable gambling sites that offer deposits and withdrawals with Neteller.
Neteller eWallet: Basic Information
- Neteller was founded in 1999 in Canada. The company’s headquarters moved to the Isle of Man, the central hub of online gaming licensing, in 2003. After that, it became a staple payment method that served as the gold standard for players. Today, it is the second most popular eWallet after Skrill and supports over 20 currencies, including ZAR. It’s available in around 200 countries, and South Africa is covered, too.
- Furthermore, Neteller acquired Skrill Group, thus turning this once-big competitor into another brand operating under its banner. Combined, they are now known as the Paysafe Group. The company has also gained popularity for their sports sponsorships.
- Neteller allows for instant real money transactions and payments. It accounted for 80% of gambling transactions, and around 95% of the company’s revenue is made from the gambling industry.
- Neteller’s services are versatile and flexible, as it supports a broad array of payment methods, including debit and credit cards, all of which are available for deposits and withdrawals.
- Neteller is licensed by the Financial Services Authority, proving safe for South African punters. It creates a barrier between the user’s bank account and potential fraudsters. It can prevent scammers from gaining sensitive bank details.
Payment Commissions
Carrying out deposits at Neteller online casinos comes at a flat rate of 2.5%. However, this applies to payments up to 20,000 USD (equal to 370,000 ZAR). Any bigger sum to be transferred via Neteller comes at no fee. In such a case, the deposit fee rate is automatically canceled.
However, when it comes to withdrawals from Neteller online casinos, the commission size depends on the type of transfer, currency, etc. For instance, the processing fee is 1.5% for USD and EUR transfers. For other currencies (including ZAR), however, the transfer is subjected to a 3% commission. There’s also an additional 3.39% fee for currency transactions.
The commission per Neteller withdrawal varies between different casinos. However, all the casinos reviewed and listed withhold the smallest fees in the market. If the gambling site claims to provide fee-free Neteller payments, they essentially pay the commissions themselves.
Worldwide Availability
Neteller eWallet is accepted in around 200 countries, including Australia, the United States, the UK, Canada, and many European locations. This wide coverage explains the multitude of Neteller online casinos worldwide. Being a popular payment solution available worldwide, all reputable casinos strive to include it in their cashier section.
As for South Africa, Neteller became available in 2021. This way, players can participate in the best international gambling sites and fund them via a highly secure payment gateway.
Tech Support
Reliable Neteller online casinos offer dedicated customer assistance around the clock, available via live chat, email, and even a hotline. Nevertheless, if the casino has nothing to do with your payment problem, you can address your issue straight to Neteller. The company’s live chat support is accessible 24/7. Other forms of contacting the payment provider are via email (vip@neteller.com) or the on-site message form.
The Neteller contact numbers are different per country. For users in South Africa, it’s 44-20-3308-9525. The most optimum time to call them is Monday to Friday, between 8:00 AM and 5:00 PM. On average, one has to wait up to three minutes to speak to a Neteller tech specialist.
Neteller as Casino Deposit Method
Neteller is primarily used as a casino deposit method as it’s processed instantly with no fees. Ever since the eWalelt became available in South Africa, it has become the primary method of topping up a casino balance.
A Neteller casino deposit is to be processed in the following way:
- Choose one of our recommended Neteller online casinos and sign up.
- Go to the Cashier section and click the Deposit option. You will most probably find it in the navigation bar or main menu.
- Choose Neteller. Enter all the requested information, including your Neteller ID and the amount to be transferred.
- Confirm the transaction. Note that some Neteller online casinos may request a unique passcode for the two-step authentication before the deposit is processed as an extra layer of security.
Neteller as Casino Withdrawal Method
Most Neteller online casinos support deposit and withdrawal options for South African gamblers. However, here, some fees apply. To withdraw your earnings via Neteller, adhere to this guide:
- Access your player’s account and proceed to the cashier.
- Click the Withdrawal option.
- Enter your Neteller eWallet number and state how much you want to cash out.
- Affirm the payout.
Now, you just have to wait. After the request is submitted, it takes one to two business days for the casino to approve it, while the transaction is fulfilled within two or three business days. This is a standard procedure among most casinos and doesn’t depend on Neteller.
The minimum and maximum size of available withdrawals depends on several factors, including the casino and the user’s account type. An unverified Neteller account holder can withdraw from 370 ZAR to 46,000 ZAR on credit card transfers. Meanwhile, a verified account can transfer up to 280,000 ZAR to a credit card.
Neteller Pros and Cons
We believe the choice of an online casino must be well thought out. To support and help you make this pretty responsible decision, we have conducted an exhaustive analysis of Neteller online casinos and drawn a chart with the basic pros and cons of choosing this payment means.
- Convenience: Like all eWallets, Neteller is easy to use.
- Excellent Security: Neteller exploits premium security technologies and encryptions, as well as keeps your bank account away from the casino’s sight.
- Instant Deposits: Neteller ensures immediate deposits and speedy withdrawals.
- Broad Choice of Casinos: All major international casinos support Neteller. Hence, finding the best venue with a lavish bonus system and a huge game portfolio won’t be a problem.
- Both Deposits and Withdrawals Supported: use this payment gateway as casino balance replenishment and cashout means.
- Reliable License: Neteller is licensed by the UK’s FSA, which signifies stellar security is ensured.
- High Fees: Neteller withholds pretty high fees.
- Limits: Depending on the user’s account type, some limits apply.
Final Thoughts
Neteller gambling is a common phenomenon in South Africa. Whether you prefer sports betting, play casino games, or enjoy an online poker room, you will find Neteller among the first payment methods stated. With its massive penetration, wide acceptance, and convenience, the payment system has attracted the South African market. Neteller is not a bank, yet it is licensed and completely secure.
Neteller eWallet lets local users make payments and cashouts from various gaming sites. This allows you to avoid providing important banking information like code and CVV to a virtual casino (with a credit or debit card, you have to unveil all sensitive data). This brings a layer of safety when sending money from your bank account to a virtual gaming platform.
It’s possible to deposit and withdraw through the payment gateway at Neteller online casinos, which is a great convenience. And yet, we recommend checking the fees withheld for every transaction. In most cases, our tested casinos provide free depositing through Neteller, yet withdrawals may come with a nominal fee imposed.
