Is NETELLER an e-wallet?

25 Jul 2024

NETELLER is a popular electronic payment system headquartered in the Isle of Man, a British Crown Dependency known for its business-friendly climate. 

The company has come a long way since 1999, going beyond just following local banking rules to let users transfer money and make payments with e-funds, bank funds, or card balances, not to mention engaging in cross-border transactions with barely any costs and sometimes none at all.

Security-wise, NETELLER has a Swiss army knife of SSL encryption and two-factor authentication to keep your purchases safe. Withdrawals using this wallet are faster than a bank card or wire transfer, and you do not have to give your card information to the casino.

However, NETELLER is not perfect. For example, if you are in a nation that is not serviced, you may have to go through a lengthy location verification procedure. Also, all local and worldwide deposits incur a 2.5% charge. It applies when you add funds to your NETELLER account, so keep that in mind while topping up.

In a nutshell, NETELLER is a handy e-wallet that is everywhere—from poker tables and trading platforms to everyday purchases. You should have no problems using it, but it's worth checking the fees to enjoy the best experience possible.