Using Neteller to Fund Your Online Poker Account
Launched in 1999, Neteller has grown to become one of the most well-known e-wallet services in the world. Money can be rapidly and safely transferred from person-to-person or person-to-merchant, and it’s perfect for getting funds into your online casino or poker room account.
By 2000, the company was responsible for processing 80% of the gambling transactions taking place on the Internet. While this number declined sharply following the U.S. crackdown on the virtual gaming industry in 2006, Neteller remains a major option for players seeking to move money from one place to another.
Availability of Neteller
Since it’s one of the largest online transaction services in the world, Neteller serves more than 200 nations. I suggest checking their site for a complete list of non-serviced countries, but the names tend to be ones that aren’t associated with Internet poker in the first place (Uganda, Pakistan, Syria, North Korea, etc.).
Deposits with Neteller
If you need to get money into your poker account, you’ll be happy to know that Neteller accepts over 15 major forms of currency, and their global network can accommodate around 40 different payment methods. Some of the leading options include:
- Credit Card
- Debit Card
- Bank Transfer
The speed of the transaction differs depending on the method you choose. Some may take a few hours or a few days, while others move the cash into your account almost immediately.
Withdrawals to the NET+ Card
The most common way to withdraw poker winnings via Neteller is to apply for a NET+ prepaid card from Discover. There’s no credit check to join, and the only limit is the amount of money that you currently have loaded onto the card.
In order to withdraw money from your poker account to a Neteller card, just head to the cashier section and select the Neteller option. While some transaction options can take days, you’ll find the average time for processing this request is much shorter.
On a daily basis, you’ll be able to withdraw up to $500 from an ATM and make up to two transactions within a 24-hour period. As for limits on loading money onto your card, the maximum is $2,000 per day, $4,500 per week, and $10,000 per month. If you have multiple cards registered on your account, these limits are shared between all of them.
Each time you use your NET+ card to make a withdrawal from an ATM, you’ll be charged a nominal fee. There’s also a $2.99 administrative fee each month, as well as a paper statement fee of $3. If you need to replace a lost card, there’s a $5 charge to get a new one.
Neteller VIP Program
Most mortal gamblers deposit a few hundred or a few thousand dollars into their poker account each year. If you’re a serious high roller, however, you may qualify for one or more of the five levels on the Neteller VIP program. Each ascending level provides loyal customers with greater advantages and perks, many of which are designed to save you money.
This section lists the first three levels and some of the features associated with each. If you move anywhere from $500,000 to $2,000,000 in currency per year, then you may also be interested in the final two levels (platinum and diamond). For a complete rundown, be sure to visit the official Neteller site.
All levels of the program include a VIP fraud guarantee and access to VIP chat. The first guarantees a 100% reimbursement if your account ever falls victim to unauthorized activity, while the second gives you access to exclusive customer service 24/7.
- Bronze – You must move at least $10,000 in currency via Neteller within a calendar year to qualify. Your ATM daily withdrawal limit is $1,000, and transaction fees for foreign currency exchange are 2.95%.
- Silver – You must move at least $50,000 in currency via Neteller within a calendar year to qualify. One additional multiple currency account is available. $1,000 daily ATM limit. Transaction fees for foreign currency exchange are 2.25%.
- Gold – You must move at least $100,000 in currency via Neteller within a calendar year to qualify. Two multiple currency accounts. Flexible transaction limits. Dedicated VIP manager. $3,300 daily ATM limit. Transaction fees for foreign currency exchange are 1.50%.
While Neteller may have suffered a major blow following the passage of the Unlawful Internet Gambling Enforcement Act, it’s still one of the primary options for card players looking to fund their poker room account. Their parent company is also traded on the London Stock Exchange, which means the level of oversight should provide customers with a greater feeling of security than those who use the competition.