This guide walks you through in a step by step manner exactly how you can add funds to a Neteller account and use them to fund your online casino or forex broker account.
Neteller has been part of the digital payments space as far back as 1999, being one of the go to options for countless people across the world these days. It gives you an extra layer of security for your sensitive financial data. You also have access to a very easy method of making transactions, with the fee structure being acceptable.
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Why use Neteller?
Neteller has built up a great reputation over the past two decades it has been in business. Countless online casino players around the globe use this payment method on a daily basis to add and withdraw funds. It is also a popular choice for many traders in the forex space.
Keeping Financial Data Safe
One of the best aspects of using Neteller to fund an online account is the extra layer of security it gives you. When you are making a digital payment to a third-party merchant site using Neteller, you will not have to share any of your important financial data with this third-party.
You simply enter your Neteller details and you are good to go. Therefore, you do not worry about how your data is being stored by the third-party where it could be subject to leaks and hacks.
Easy to Use
Neteller is very easy to use throughout the entire process. Opening an account only takes a couple of minutes, with funds being added almost instantly to this account. When you use Neteller to add funds to an online casino or forex broker, your funds will also be processed instantly. This means you will not be wasting any time before playing your favorite casino games or placing trades.
When withdrawing from a third-party site using Neteller, these funds will usually hit your Neteller account within a few hours of the withdrawal request being approved. You also have the ability to withdraw your Neteller funds through an ATM if you avail of the Net+ MasterCard option.
Step 1: Open a Neteller UK Account
If you are ready to register for an account with Neteller, you will go to the Neteller website on your desktop or mobile device. Select ‘Register’ to initiate the process. Add your full name, email address and choose a password. Then you will need to verify your identity with Neteller as this is a required step by Digital payment platforms in the UK to fall in line with anti-money laundering requirements.
All this step entails is providing some proof of ID, such as a passport or driving license, as well as proof of address. Once you have uploaded these documents, they will usually be approved quickly. There will then be an email sent to you confirming that your new account is ready to go and you are able to add funds to this new account.
Step 2: Fund Your Neteller Account
You should set your preferred currency for your new account and enter your country of residence. There is also info such as your home address, phone number and date of birth that need to be added if you don’t want to have restrictions on your depositing.
You will be sent a code to your phone that is used to confirm your account. There is a 6-digit secure ID that you need to create for your account. This will be part of the process of logging into your Neteller account, as well as conducting transactions using Neteller.
To add funds to your new Neteller account, you are able to use a debit card, credit card, bank wire transfer or Bitcoin. There are also a few different e-wallet options such as being sent funds from another person’s Neteller account, Skrill and PayPal. Select your preferred option and then add how much you wish to deposit and complete the necessary credentials for using the chosen payment method. This is similar to making other kinds of payments online.
Step 3: Select Your Neteller Casino or Forex Broker
Once you have funds in your Neteller account, you can then look at setting up an online casino or forex broker account. While Neteller can be used for a whole host of other forms of digital payments, these two activities are a very popular use for Neteller.
1. 32Red Casino - Best Online Casino for Neteller in the UK
32Red Casino is one of the original members of the online casino space, having launched way back in 2002. Unlike a lot of other online casinos that have since disagreed, 32Red Casino has stood the test of time, constantly improving its offering and staying up to date with the latest trends.
The main software provider is Microgaming, with most of the different games on offer being developed by this leading gaming studio. There are also games on offer from a couple of other quality developers. There is a massive selection of slots titles to choose from, ranging from classic slots to 3D and progressive jackpot options. Playing slots is very smooth and seamless, no matter if you are doing so through a desktop or mobile device.
32Red Casino has one of the best table game selections you will find in the UK market, with most bases being covered in this regard. There is also a well-stocked up live dealer casino that allows for really immersive gameplay experiences.
If you ever grow bored of the online casino, 32Red also has poker, bingo and sports betting platforms on offer. When you sign up for a new account at 32Red Casino, you will get your first deposit matched 150%, giving you bonus funds of up to £150.
All in all, 32Red Casino is a great option no matter what you are looking for in an online casino in the UK.
- Large selection of leading games
- Extensive live dealer offering
- Customer support available around the clock
- Decent welcome bonus
- Only a few software developers
2. eToro - Best Online Forex Broker for Neteller in the UK
eToro has developed a strong reputation since it first entered the online forex broker space in 2007. It is regulated by numerous leading authorities worldwide, such as the Financial Conduct Authority (FCA) in the UK. This gives traders peace of mind that eToro is a platform that is fair and independent.
The main product offering when you sign up at eToro is forex and CFD trading. There is also the option to trade shares, cryptocurrencies and ETFs. One of the standout parts of the eToro offering is its social trading capabilities. This means that you can view the trades that others on the platform are making.
You can sort through those who are the most profitable traders and quickly copy the trades that they are making with your own account. The eToro trading platform is very easy to use, but experienced traders may not enjoy the lack of in-depth research and analysis capabilities. The trading fees for forex are standard, while CFD trading fees at eToro are lower than average.
All in all, eToro ticks all of the boxes for most types of traders. It has a good range of instruments and is an easy to use platform.
- Forex, cryptocurrency and CFD trading
- Solid fee structure
- Useful social trading feature
- User friendly trading platforms
- Not much customization capabilities
Step 4: Fund your Casino or Forex Broker Account
Once you have decided what online casino or online forex broker you are going to use, you will be ready to get an account and add funds using Neteller so you can get started playing your favourite casino games or making trades.
For 32Red Casino
Go to the 32Red Casino website either on a desktop or mobile device. Select the ‘Register’ option and enter the relevant personal info. This includes your full name, home address and your date of birth. The next step sees you choosing your new 32Red Casino username, setting a password and confirming you accept the site’s terms and conditions.
While you can deposit and get started playing casino games without completing the full verification process, it is usually best to get this out of the way initially. Simply offer some form of a photo ID and proof of address to the support team. This is a vital requirement for licensed online casinos in the UK and is a necessary step.
You can now deposit money to the 32Red Casino account you have created. Go to the ‘Banking’ area and you will see all the different deposit methods you can use.
Choose the Neteller method, decide how much you want to add and then you will need to enter your Neteller account details to confirm the transaction. It is at this stage that you will need to enter any welcome bonus package code in order to trigger a given deal.
Go to the eToro website and select the ‘Sign Up’ option to get started. You will need to fill out the relevant information fields and accept the terms and conditions of the broker. You will then be able to access your new account. To add funds, click ‘Deposit Funds’ and you will see the different payment methods you can use. For your initial eToro deposit, you are limited in the payment methods you can utilize. You are curtailed to PayPal, credit card, debit card or a wire transfer.
The next time you make an eToro deposit, you can utilize Neteller. Simply choose Neteller as your preferred method, enter your preferred sum to deposit and then add the appropriate Neteller account code and password to process these funds instantly to eToro.
Step 5: How to Withdraw Your Funds
If you have performed nicely at the casino tables or you have successfully had a profitable trading session, you will likely want to take out some of these profits from your respective account.
For 32Red Casino
To withdraw funds from your 32Red Casino account, you will need to go to the ‘Banking’ area and choose the ‘Withdraw’ option. You will see how many funds you have available to make a withdrawal.
Choose Neteller as your withdrawal option, determine how many funds you are going to withdraw and then enter the relevant Neteller code and password. Once 32Red has finished completing this request, you should receive these funds in your Neteller account in just a couple of hours in most cases.
If you are withdrawing funds from eToro, go to the ‘Withdraw Funds’ option. You will be shown how many funds are available to withdraw. Choose how much you want to withdraw and select Neteller as the payment option.
Enter your relevant Neteller code and password, confirming this transaction. After approval for this request comes from eToro, the funds will likely be in your Neteller account in a number of hours.
To Your Bank
If you want to remove funds from your Neteller account and deposit them to a bank account, you can do so. Select ‘Money Out’ on the menu.
You will see the methods you can use to make a withdrawal. For directly removing money to your account, select the bank transfer option. Enter the relevant details and you will then be good to go. It usually takes about 3-5 business days for these funds to hit your bank account.
Neteller Fees & Other Expenses
When deposit funds to Neteller, most payment methods carry a 2.5% fee. There is a £10 fee in place if you are making a withdrawal to your bank account from Neteller. Payments using Neteller will usually cost 1.45%. There are also currency fees to consider if you are going to be changing funds across different currencies.
Neteller is one of the best payment methods out there today for adding or withdrawing funds from an online casino or forex broker. You can set up an account in a handful of minutes and get started using it straight away. Its fees are competitive with other e-wallets and it adds an extra layer of security to your online activity.
Our Recommended Neteller UK Casino
- Large Selection of Quality Games
- Extensive Live Dealer Casino
- Customer Support Available 24/7
- Great Welcome Bonus
Our Recommended Neteller UK Forex
- Supports social trading, copy trading and copy portfolio features
- Trade on the go via the eToro mobile trader
- Highly transparent fee structure
- A wide range of advanced trading tools and analytics
Can you use Neteller on mobile?
Yes, there is a Neteller app that you can download for Android and iOS devices from the respective app stores. The only limitation is that there is no option to upload verification options via mobile.
How do you send funds to another Neteller account?
You simply enter the account ID for this other Neteller account and decide how much you want to send.
Is there an inactivity fee at Neteller?
If you have not shown any activity in your Neteller after a year, there will be a small inactivity fee charged each month. There will be no negative balance for your account.
How fast will Neteller deposit funds to an online forex broker or online casino account?
This usually is instant, allowing you to start using these funds almost instantly. Other payment options can take a lot longer to process, which is another advantage of using Neteller.