Neteller

With the success of PayPal bingo sites, it wasn’t long until we saw similar e-wallet payment devices popping up. Now meet its latest contender – Neteller.

Neteller Compatible Bingo Sites

Neteller has become incredibly popular amongst online gamblers to the point where you’ll often come across Bingo sites that accept Neteller.

What Is Neteller?

Although it may sound like a sandwich spread Neteller is an E-Wallet system like PayPal that lets you store your cash in an online server before you transfer it over to your bingo account. Because of how simple this system is tons of Neteller bingo sites have popped up in the last few months.

How Can I Join?

You don’t need to learn any secret handshakes or memorise tons of information to join Neteller as it’s extremely easy. All you need to do is go onto the official Neteller website and create an account by filling in an online form, after you fill in a form you’ll be asked to enter your card details. Once you do that you’re good to go!

How Do You Transfer Cash

When you want to transfer cash into your Neteller account you just have to select the ‘Money In’ or ‘Money Out’ options. After you’ve done that the site will then take you to another window and you’ll be asked to pick a card to make the transfer, although make sure there’s money on your card first if you’re taking cash out of it.

Once you’ve picked a card just enter the amount you want to withdraw or deposit and then confirm the transaction and voila, you’ve just transferred cash.

The Pros and Cons

Before you start signing up to Neteller there’s a couple of benefits and also a few downsides that you’ll have to consider.

In terms of benefits Neteller is incredibly secure and guarantees safety for your cash as it acts as a third party to your transfers. This means that the site you’re using will never see your card details as they’re held by Neteller. Neteller also allows for instant transfers to and from your account so you can quickly cash out your winnings from your favourite bingo sites and deposit them into your bank account.

However this payment option is not without flaw, and there are some pretty big ones. For starters Neteller will charge you an interest fee when you transfer cash from bank account. Although the amount of interest you’ll have to pay depends on your bank.

Also if you try to take out cash from a bingo site using Neteller you’re going to be in for an unpleasant surprise as quite often they will charge an admin fee for handling your cash. Although the amount you are charged can vary the majority of sites tend to ask for a flat out fee of £5 for any withdrawals that you try to make. However, this bingo pro thinks that it’s a small price to pay for keeping your credit card details 100% safe and secure!

So the next time you’re itching to play online bingo why don’t you try using some cool online e-wallet like Neteller for a bit of variety!