ACH vs. NETELLER

Players across online casinos are playing from all parts of the world, so finding a convenient payment method to use is not always an easy task for them, but that’s why ACH and Neteller are there, listed as accepted payment methods across the very best online casino sites. They are different payment solutions, offering different ways to transfer money online, and they are offered to players from different countries. But what they do have in common is their popularity across online casino sites. Which begs the question, to use ACH or Neteller as your payment method at an online casino?

About ACH and Neteller

ACH and Neteller, as introduced, offer a different type of service, a different way for you to transfer money online, but they are both quite popular across online casinos. ACH is a solution based on the traditional banking system, while Neteller offers the innovative, digital technology service, being an eWallet. They are available in different countries, so suited for different players, and they allow for high transaction limits and seamless, safe deposits and withdrawals. Let’s explore them separately to give you a better picture of what exactly are they offering.

ACH is an acronym for Automated Clearing House, so in order to use it, you must have an active bank account. But you also must be a US citizen, so you need a US bank account. The solution offers its services in collaboration with the most trusted US banks, and that’s why it has proven to be a reliable, safe and reputable payment method US casino players swear by. Millions of Americans are using it, not only for online gambling purposes but also for their everyday payments and purchases.

But what service does it really offer? Well, its role is to facilitate the process of transacting money online from your bank account to the receiver. There’s an elaborate background process going on, where third parties help ACH to process the money and safely deliver it to the online platform you need to pay, or in this case, the online casino site. But, the good part is that you're not required to visit your bank or even have an online banking profile set up to use it; you just need to request a payment via it, and ACH will do all the hard job for you, without you lifting your finger. You are never bored with details on how the transfer happened, you just know that the solution will deduct the money you requested from your bank account and send it to the designated party.

Its strongest suits are the security it offers and the high transaction limits it allows. When it comes to the security offered, ACH relies on your bank's security systems for online transactions but also has the aid of third-party institutions which make sure the entire process goes smoothly. As far as the transaction limits go, it can process massive amounts of money, and that’s why it is mostly used as a withdrawal method by US players. In fact, due to its ability to process high amounts of money, players are using it whenever they win a jackpot prize, which usually gets delivered in small batches, but with ACH, it arrives all at once! The downside to it, though, is that it offers slow processing times, but more on that later.

Neteller is an entirely different payment solution, in every aspect. It is based in the Isle of Man, and it was launched back in 1999. It already has over two decades of history behind it, so naturally, it has significantly improved its services compared to how it started. When it first appeared, it offered a rather new service at the time, an eWallet service, that only a few other companies offered. As such, it used to charge hefty fees for the convenient service it offered. But as time went by and many other eWallets appeared, the solution lowered the fees and today, it only charges the absolutely necessary charges, as you will soon learn. It also ramped up efforts for anti-money laundering, to offer better user protection and become even more trusted.

It is operated and owned by one of the most prominent financial companies, Paysafe, which is also the name behind two other extremely popular payment methods Skrill and Paysafecard. Throughout the years, it managed to get global attention and became available all across the world, literally, except in around 50 countries and territories.

With new regions covered, the solution had to open new offices in Costa Rica, China, Canada and England, to attend to the demand. And since it complies with the regulatory laws and rules in these countries, you can rest assured that it will provide you with the utmost safety and security. So, stay with us to learn how to get started with it and use it as your payment method, because this is a solution accepted across many, many casino sites!

Getting Started with the Two Solutions

Since the two are quite different, two different procedures will be involved in the getting started process. But, don’t worry, not much on your part would be needed, as these solutions basically ask you to go through a few simple steps to start using them.

With ACH, there’s no real getting started procedure, really. No account registration is needed, and as mentioned previously, you don’t need to visit your bank to start using it. So, what you have to do actually is just choose it as your payment method at the online platform you need to pay at, and request a transaction with it. Of course, you first need to meet the pre-conditions to use it, that is, to be a US citizen with an active account with a US bank.

Now, to request the payment, you’d need to enter the bank account details needed, the amount of money you’d need to send and the info about the receiver. With the aid of some third parties, as mentioned, ACH will ensure to deduct the amount of money you requested from your bank account and transfer it to the receiver. That would be about it.

To get started with Neteller, you would need to register an account with it. You can do that by visiting its official website and clicking on the Sign-Up button. You'd need to provide your first and last name, country of residence, the currency you'd want the account to have by default, your email address, password and accept the Terms of Use. With that, your account would be registered, but to fully use its services, you'd further need to verify your identity. You would need to provide a copy of an ID document, and as soon as your account is verified, all of the services offered by Neteller are unlocked, which is not the case for unverified users. You will soon get a 6-digit Secure ID code and Account ID you’d need to use later when transacting with it.

Finally, you’d need to fill out your account with money. You can use all kinds of payment methods to do that, such as Paysafe’s own Skrill and Paysafecard. But, other options would be Przelewy 24, Eps, Euteller, Rapid Transfer, POLi, and Trustly.

Yandex, Giropay, QIWI, AstroPayCard, BOKU, iDeal and Neosurf will also be your options. And as of a few years ago, so will cryptocurrencies like Bitcoin! Overall, you can use over 100 payment methods to fund your account and over 28 currencies and cryptocurrencies, for a different fee. You’d need to check out all your options and the fees they go with to decide on which ones to use to fund your eWallet account.

Using ACH and Neteller Across Online Casinos

You have probably gathered by now that ACH and Neteller are available across many casino sites since the two are quite popular across the online gambling industry. You'll find ACH across most, if not all, US casinos, and Neteller across over 1,000 global casinos!

To use ACH as your online casino deposit method, go through the following procedure:

1. Locate the casino’s Banking/Payments/Cashier page and look for ACH’s logo.
2. Click or tap on it, and in the pop-up, enter your bank account details.
3. Just specify how much you’d like to deposit.
4. ACH will ask for your confirmation to deduct the money from your US bank account.
5. Confirm the transaction by giving your permission, and wait for the money to arrive on your casino balance.

Deposits with ACH won’t be instant, as you would assume. Since there’s a background process going on, involving third parties which make sure the transfer arrives safely, you should expect the deposit to arrive in a few business days. But, as mentioned, US players are not bothered with these waiting times when it comes to withdrawing their winnings with ACH. The solution is one of the most popular withdrawal methods among US players, since, as mentioned, you can cash out seriously large amounts of money with it. For that convenience, US players don't mind waiting for a few working days.

To make a deposit with Neteller, you would need to go through these steps:

1. Choose Neteller from the list of accepted methods on the Banking/Payments/Cashier page.
2. In the new window, use your Secure ID and Account ID to log into your eWallet account.
3. Enter the amount of money you’d like to fund your casino balance with.
4. Confirm your request and within minutes, the money will arrive on your casino account!

Contrary to ACH, as you can see, deposits with Neteller are, indeed, instant. They are processed within minutes, so you have the money you’d like to play with immediately. Withdrawals, on the other hand, similarly to ACH, take up to three working days. You request them in pretty much the same way, wait for the casino to approve the request and within three business days, you have them on your Neteller account, to cash them out as it suits you.

Advantages and Disadvantages

As you could see, ACH and Neteller have their share of advantages and disadvantages. Considering how different they are, though, one of them would probably suit your preferences, so let’s sum up the good and the bad they both come with.

ACH is a payment method you can only use if a US player, let's make that clear right away. This is a downside for those who hoped to use it but cannot because they are not residents of the USA. As a US player, you'd love to use it, as there's no official registration procedure with it, it is easy to be used as you only need to request a transaction via it, and you need to make no further steps but wait for the transaction to be processed by ACH and its third-party associates. You can use it for both deposits and withdrawals across online casinos, but due to the long waiting times, players usually prefer it for withdrawals. The fact that it can process massive amounts of money only adds to that.

On the other hand, Neteller is accepted globally, and that’s one of its main perks. Other than the 50 restricted countries and territories, players from anywhere across the world can use it. It has been around for over two decades, improving its services along the way. As such, it managed to become one of the most used payment methods across online casinos, giving players the chance to make instant deposits. Withdrawals with it do take around three days, and the solution does come with fees, though. These fees are charged by the payment methods you’ll be using for funding your eWallet account and cashing out money from it, so you must choose carefully which one to rely on. On the plus side, though, you can transact using cryptocurrencies if you choose Neteller, and that’s a really nice benefit. Last but not least, you have over 1,050 online casinos to explore which accept it, so choosing the best one for you would be easy-peasy!

Therefore, compare the two, see whether you meet the pre-conditions to use them, and decide whether ACH or Neteller would be the better option for you. Whichever you choose, you can rest assured that you'll face no problems and you'll experience seamless online banking.