Neteller has a long history in the online gambling and poker industries. It was the first e-wallet to really dominate in online gaming and it continues that dominance today as the most used deposit method aside from credit cards. It would be well worth getting an account with Neteller right now because the odds are you’ll use it at some point.
What I like most about Neteller is that it is accepted by most bingo sites and that makes it easy to move money around to take advantage of bonuses and promos. The Net+ prepaid card also comes in handy for making purchases in the real world immediately after making a withdrawal. And no, I’m not here to sell you on Neteller. I have no financial interest in the company. I really do think it’s that good.
Where to Play Bingo with Neteller
This is my top-list of the best Neteller bingo sites. Since every big-name site accepts Neteller as a payment method, I didn’t have to exclude any major names from the list. These sites are ranked in order of their overall quality, promotions and game selection.
How It Works
Neteller is first and foremost an e-wallet. In other words, it’s a secure online account where you can store money, initiate deposits and receive payouts. You can create an account at Neteller.com and then fund that account by either transferring money straight from your bank account or via credit/debit card.
After you have money in your account, you can log in to any bingo website and visit the cashier to make a deposit. You’ll be redirected to the Neteller website where you confirm your username, password and deposit amount. Your bingo account balance is updated instantly and you’re ready to play.
Withdrawals from bingo sites to Neteller work in the same fashion except backwards. To initiate a payout, log in to your bingo account and visit the cashier to request a withdrawal. Choose an amount and hit the “submit” button. The money will then move from your player account to your Neteller account. This usually happens instantly.
With your money back in Neteller, you can then withdraw the money to your bank account or forward it on to the next bingo website. You can also use your Net+ card to make purchases anywhere Discover is accepted.
About the Net+ Card: Neteller sends out Net+ cards automatically as soon as you fund your account for the first time. You’re welcome to use the card just like a regular debit card and can even withdraw up to 500 USD (or your currency equivalent) per day at any ATM.
Funding Your Neteller Account
There are a few methods to load your account with real money. The easiest method for most is to just link your bank account to Neteller and transfer money directly. You can also load it with a credit or debit card if you don’t mind paying a 2.5% fee.
- Direct bank transfer
- Credit or debit card
- Wire transfer
- International bank transfer
- Local bank deposit in some regions
You can use any of those methods to get money in your Neteller account. From there, you can move the money to your player account. Ukash is worth a special mention because that deposit method allows you to use actual cash to fund your account. You can read more about Ukash here.
Individual bingo sites are free to set their own deposit limits but Neteller also has a few limits in place. There are two different sets of limits: one for unverified accounts and one for verified accounts. The limits for verified Neteller users are rather high so they probably won’t have an effect on you.
New customers to Neteller are automatically classified as “unverified.” This means you haven’t yet verified your identity. You can still use Neteller to play online bingo, but you’ll be subject to strict deposit and withdrawal limits:
- £825 per transaction for bank transfers and withdrawals from gaming sites
- £500 lifetime funding limit via credit or debit card
If you receive a large payout from a bingo site before you verify your account, you’ll still receive the money. However, it will be frozen until you verify.
Neteller is regulated by the UK’s Financial Conduct Authority as a financial institution. That means Neteller is required by law to verify your identity by e-mailing or sending in a copy of your photo ID and proof of address. It’s well worth the trouble as having a verified account significantly increases your limits.
- 4,000 USD per month via credit or debit card
- 5,000 USD per month via Ukash and Paysafecard
- 400,000 USD per month via bank transfer
- 50,000 USD per transaction on deposits to/withdrawals from bingo sites
Net+ Prepaid Card
Net+ prepaid cards are sent to all customers free of charge. You can use the Net+ card like any other debit card except it is restricted to what you have in your Neteller account. This is nice because it avoids overdrafts and minimizes your exposure in the case of a lost or stolen card.
The Net+ card is a useful perk because you can use it after withdrawing from a bingo site to Neteller. As soon as the funds hit your Neteller account, you can use the card to buy things, pay bills and withdraw cash. There’s no need to wait for a transfer from Neteller to your bank account (although that’s always an option).