Why You Shouldn’t Gamble With Neteller as Payment Option

Launched in 1999 in Canada, Neteller has grown to become one of the world’s most used payment methods for online casinos. Due to its simplicity and transaction speed, it is a method that some Indians choose to utilize when playing a game of Teen Patti or Andar Bahar.

However, it has a few negative aspects for Indian residents which we will cover below.

For over two decades, the service has been slowly gaining the trust of customers from around the globe. Today, there are Neteller casinos that offer all the popular casino games and accept players from India.

While this e-wallet may not be the best option for you, it is still a viable one.

Let us dive deep and explore how to use Neteller when gambling in India.

NetEller Casino Reviews

Why is Neteller Bad for Online Gambling?

Most gambling websites and casinos listed at Cashup Club offers Neteller. That’s because they are licensed in Malta, where online gambling is legal.

Hosting an online or physical casino is illegal in India. However, playing at offshore casinos from India is not illegal.

“14.2. It is strictly forbidden to make payments to or to receive payments from persons or entities offering illegal gambling services, including (but not limited to) illegal sports betting, casino games and poker games. We may suspend or terminate your Account at any time or refuse to execute or reverse a transaction if we believe that you directly or indirectly use or have used your Account for or in connection with illegal gambling transactions. This list is not exhaustive and it is your responsibility to ensure that you do not use our services for transactions that may be considered illegal in your jurisdiction. “

Neteller Terms of Use

Neteller is therefore a great payment option for Poker and Rummy (since it’s legal in India) but not for online casino or sports betting. In fact, this goes for all international payment options like Skrill or Maestro/Mastercard which are also illegal to use.

Fees & Customer Support for Indians

Always deposit, wager, and withdraw in rupees since it reduces fees. You don’t want to visit a Neteller casino, bet, win, then pay 10%-15% more because you chose to deposit in USD.

You top up your Neteller account with your credit or debit card. However, the service charges a fee, which is usually 2.5%.

On top of this, due to the service’s unfamiliarity with Indian society, you will face hardships when playing at Indian casinos accepting Neteller. These platforms will not feature autofill options that speed up registration. Their support team will not know how to handle Indian-specific problems, and they may not accept your Aadhaar card for their KYC procedure.

What Makes Neteller a Good Payment Option?

Neteller is an e-wallet that lets individuals and businesses move money around online simply and securely. It is one of the world’s largest money transfer services that processes transactions worth billions every year.

The e-wallet has been in business for over two decades and utilizes state-of-the-art security protocols. In 2015, the Paysafe Group acquired Neteller. You can find Paysafe on the FTSE 250 chart on the London Stock Exchange. It is a company with revenues of over $1 billion.

Neteller is just one brand of Paysafe Group and their second to most known brand is Skrill, which we also have a guide for here.

The payment service targets those who visit Neteller gambling bazaars or other types of online investments. It is also popular within the Forex industry. It allows you to deposit and withdraw your funds easily at a wide range of online merchants.

Some of the key benefits of using Neteller:

• Allows the use of 26 currencies (including rupees).
• Used in over 200 countries.
• You can fund your Neteller account via 50 methods.
• It uses 128-bit SSL encryption.
• It allows P2P transactions.
• Neteller VIP members get a 100% fraud guarantee.

Believe us when we say that we know all about Neteller. We began using it since it became operational in July of 2000. Thus, we present below crucial factors you should look out for when using this payment option.

Good to Know Before Playing at Neteller Casinos

If you plan on using Neteller, make sure that the site you are considering accepts it for both deposits and withdrawals. Most online casinos which accept Neteller do. However, some don’t, and they will force you to use another method, such as a credit card (equally bad as Neteller), for a withdrawal.

All deposits made through this e-wallet should happen instantly. At the most, it will take 30-60 minutes for the funds to get credited to your gaming account.

Withdrawals depend on which site you’ve chosen. The usual time frame is between one to six hours. In some cases, and on some platforms, the process may take up to 24 hours.

We only list Neteller casinos with fast payouts on this page.

All Neteller Casinos