Neteller Online Casino Payments in Belgium

What is Neteller?

Neteller was originally founded in 1999 by Optimal Payment Limited, which is now better known as the Paysafe Group. Their original focus was on the North American iGaming market, but they faced legal challenges. Due to this, they now concentrate on Europe, Asia, and Latin America.

Neteller acts like a virtual wallet. You load it up with funds from your bank or card and then use it to pay for services and websites, including online casinos. In Belgium, it’s a rarer payment option and is accepted by few casinos within the country.

How Does Neteller Work?

Neteller provides you with an e-Wallet for your online casino account. Of course, before this, you’ll first need to fund your wallet. This can be done utilising bank transfer, credit/debit card or other e-Wallets. (Take note that for the purposes of gambling in Belgium, you can’t fund your Neteller casino wallet with a credit card).

Neteller verifies the transaction once your payment has gone through. This guarantees all funds are transferred quickly and securely. For many players, one of the main points of using Neteller is that there’s no need to share your banking details with the chosen online casino. 

Is Neteller Accepted in Belgium?

Yes, it is. Although Neteller is available at some online casinos in Belgium, arguably the best Neteller casino sites are 777 and Ladbrokes, it’s not as popular as other payment options. Part of the problem here is that it’s more difficult for online casinos to verify the identity of Neteller users. Especially when compared with those utilising other payment options.

In light of Belgium’s strict gambling laws, some online casinos prefer to give a wide berth to Neteller and other e-Wallets to avoid the risk of non-compliance with Anti-Money Laundering (AML) rules.

How to Make a Deposit With Neteller

Before getting started, you need to sign up to create a Neteller casino account, provide your personal details and verify your identity. Then add money to your Neteller wallet. Once complete, you’ll find it’s easy to make an online casino Neteller deposit at any online casino in Belgium. However, there are a couple of extra steps when compared with many other payment options.

Nevertheless, follow the process below and you’ll be enjoying your favourite games in no time.

1. Find a casino that accepts Neteller
2. Head over to the “Cashier” or “Banking” section of your chosen online casino.
3. Go to the “Deposits” section.
4. Select Neteller from the available options.
5. Enter the desired amount.
6. Log into your Neteller account to confirm the transaction.

On the whole, deposits are pretty much instant, and you’ll see your casino balance update in real time. Make sure that your initial deposit is over the minimum requirement to receive any welcome bonus, as this is a great way of increasing your bankroll for zero cost.

Having said that, always check the casino’s bonus terms and conditions to ensure bonuses are offered to players depositing with Neteller, as this isn’t always the case. Take note that in Belgium, it’s a legal requirement to verify your ID before making a deposit at an online casino.

How to Withdraw Winnings with Neteller

Provided you’ve reached the casino’s minimum withdrawal limit and have completed the mandatory wagering requirements, it’s time to withdraw your winnings. Here are the steps:

1. Log in to the casino and go to the “Withdraw” or Cashier’s page.
2. Choose Neteller as the preferred method.
3. Enter the amount and confirm.
4. Processing the transaction takes between a few hours to a couple of days.
5. Once approved, the funds will land in your e-Wallet or bank account.

Advantages and Disadvantages of Using Neteller

Neteller offers many of the advantages associated with e-Wallets, with instant deposits and top-notch security at the forefront. However, the piece of rock in the moules-frites is that many Neteller casinos don’t give welcome bonuses for deposits made with Neteller.

Fees and Limits for Neteller in Belgium

The majority of online and mobile casinos in Belgium that accept Neteller won’t charge any fees for deposits or withdrawals. Yet, there are plenty of fees charged by Neteller itself for loading your e-Wallet or withdrawing from it into your bank account. These can get expensive really fast, especially when you consider the limits on deposits in Belgium.

On another point, we suggest you stick with Euros when playing casino games. That’s because Neteller has a currency conversion fee of up to 4.49% above the mid-market rate if you make use of their exchange.

Below are the fees for moving funds to and from your Neteller account.

Depositing Into Your Neteller Account

• Debit Card – 2.5%
• Bank Transfer (SEPA) – Up to 1%
• Other e-Wallets (PayPal, Skrill) – 2% – 5%

Withdrawing From Your Neteller Account

• Bank Transfer (SEPA) – 10% Flat Fee
• ATM Withdrawal – 1.75%

One of the biggest limitations about using Neteller at online casinos in Belgium, or anywhere for that matter, is that many iGaming platforms are reluctant to reward players with bonuses for making their deposits with this e-Wallet. Because it’s easier to make multiple accounts, casinos are wary of bonus abuse. Another factor that might limit rewards or bonuses is that casinos often have to deal with higher processing costs with Neteller.

Is Neteller Safe to Use at Online Casinos?

You’ll have no concerns with regards to your security when utilising Neteller as a payment gateway. For starters, the platform uses 2-factor authentication, with an SMS or via an authenticator app, as an additional layer of security when you’re logging in or moving funds. All data is encrypted with 256-bit SSL (Secure Socket Layer) encryption to ensure sensitive information remains secret.

To combat fraud, Neteller has fraud detection monitoring accounts for suspicious activity. In order to sign up with Neteller, you’ll first need to complete Know Your Customer (KYC) personal identification verification, with proof of both ID and address. Finally, Neteller complies with Payment Card Industry Data Security Standards (PCI-DSS).

Alternative Payment Methods for Belgian Players

If Neteller isn’t up to the job for you, there are plenty of other ways to fund your casino account. First off, we have Bancontact. This is a popular Belgian debit card that’s linked to your local bank account. Then there are other e-Wallets like Skrill and casino PayPal, though once again, these might fall foul of bonus restrictions. A debit card from the likes of VISA, Maestro, or Mastercard is another popular choice.

A prepaid system like Paysafecard is great for those not wanting to share their bank details, though it’s not possible to make withdrawals. Finally, there’s the traditional yet reliable bank transfer (SEPA). However, it’s the slowest of all options.

Our Verdict: Should You Use Neteller at Online Casinos in Belgium?

As an e-Wallet, Neteller comes with a whole host of great features, including instant deposits, SSL encryption, and 2-Factor Authentication. Yet all its positives are undone if you can’t make use of bonuses, and in particular, a casino’s generous welcome bonus. After all, the chance to double your bankroll with a 100% reward is going to be hard to pass on.

Another negative factor is the high fees attached to your Neteller account. All in all, this Neteller casino review found that Neteller is probably not the best banking option for online casino players in Belgium.