While solutions like PayPal and Moneybookers (which is indeed more and more widely accepted everywhere) represent excellent ways of taking care of your online gambling related money matters, Neteller was until not so long ago the absolute market leader as far as online gambling was concerned.
Needless to say, the 2006 UIGEA, which made it illegal for US players to deposit money at online poker and online gambling sites, has hit Neteller just as bad as it did the targeted operations.
Still, Neteller is a force to reckon with on the e-wallet market, the preferred choice of many outside the US who move funds to and from online gambling operations. Neteller still upholds high standards of customer service: the only way to stay afloat in today’s increasingly competitive market. What exactly is Neteller and what does it do? Like Moneybookers, it is an e-wallet to which players can upload funds through credit cards or email. They can then make payments (deposits) from their Neteller accounts, without ever letting anybody catch a glimpse of their personal and financial data.
Withdrawals work the same way: the player first withdraws the money from his casino/online poker account into his Neteller account. From there, he then withdraws to a bank account. Fund transfers take around 2-3 days under normal circumstances. The InstaCash option provides for instant money transfers. Once the player makes a deposit, how fast the money shows up in his/her account no longer depends on Neteller, but rather on the processing mechanism of the online poker room/casino he/she deposits to.
Withdrawal should normally be fuss free as well. Some of the online casinos charge a fee when a player uses the Neteller withdrawal option, but for most casinos, Neteller is a preferred payment option, which means that it doesn’t carry an extra charge, and it may even earn extra bonuses for the player.
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