Most online casinos put convenience first these days, which is why many of them include eCheck and Neteller as valid payment options in their offer. The good news is, both of these methods are pretty popular. They’re well-known among players everywhere, so most users should already have some basic knowledge of what they do. Since this much is true, they might already know that eCheck and Neteller are two vastly different payment solutions. While one stands on the more traditional side of things, the other represents everything we love about living in the internet age!
The differences between eCheck and Neteller can work with and against them. They carry unique perks that put them ahead in some regards while holding them back in others. If you’re starting a new online casino venture you must have one question in mind. Why choose eCheck or Neteller as your primary payment method?
About eCheck and Neteller
On a base level, eCheck and Neteller are as different as it gets! The name of the former should give you a good idea of what it is. eCheck acts as an electronic version of the tried-and-true bank check method. Naturally, this means that it’s closely related to banks, involving them in the transaction. On the other hand, Neteller is an electronic wallet. With eWallets like Neteller, players don’t have to deal with the middle man. Sharing your bank information isn’t required, making the entire process much smoother in hindsight.
Just from this brief explanation, it’s easy to see that eCheck and Neteller aren’t two peas in a pod. Of course, this doesn’t mean that they don’t have a few commonalities that are major positives. Although they operate differently, both methods are incredibly safe. Players needn’t worry about their private information when going for any of these options. Another thing to keep in mind is that they’re both widespread methods! You can find them in online casinos everywhere, from the USA to Europe!
With that out of the way, let’s start with some of the basics of eCheck. If you’ve ever used a traditional check when banking in a physical location, we have great news for you! You’re all set to start using eCheck! There’s essentially no difference between the two, other than the convenience of banking from your own home with the latter. To make a payment, you’ll need a bank account, a positive account balance, and the go-ahead from your bank! You simply enter the proper information when prompted and wait for the bank to authorize the transaction.
It’s worth noting that there are a few moving parts involved here that work in the background. Since most banks take internet safety extremely seriously these days, the payment process can take longer, usually between 3-5 days. During this time, the bank, along with other authorized financial institutions, will make sure the transaction is safe and going to a place that doesn’t constitute a scam. Everyone involved in this process puts discretion at the top, so you can put your mind at ease. Essentially, eCheck payments can be excruciatingly slow, but they guarantee maximum safety!
Neteller is the opposite of this, at least when speed is involved. Like most eWallets, Neteller works fast! The payment solution was made for maximum convenience, so not only is it incredibly easy to use, but transactions made with it are as fast as can be! Naturally, this can depend on the online casino’s policy to an extent, but in general, you’ll get speedy service. Along with an easy-to-use platform, speed is one of the biggest pros of using Neteller. If you’re not the most patient of players, this is something to consider.
If you’re not familiar with Neteller, we’re afraid you’re in the minority. Neteller is owned by Paysafe Group PLC, one of the biggest financial firms currently out there. It was launched back in 1999, and along with its sister services Skrill and Paysafecard, it’s garnered widespread success that many can only dream about! Except for around 50 countries, Neteller is available in all parts of the world! Not only that, but it’s set up bases of operation in countries like China, Canada, Costa Rica, and England, on top of its Isle of Man main base.
While it’s hard to compete with the low fees and top-tier speed that Neteller offers today, things weren’t always smooth sailing for the service. At the start, Neteller came with shockingly large fees that users rebelled against. Thankfully, this is where the company proved itself and gained the support of old and new users alike! Neteller listened to the feedback it received and employed change. Seeing how the service had their back inspired loyalty and trust among users that lives on to this day!
Getting Started with the Two Solutions
At this point, it’s unnecessary to point out how different these methods are. Their differences also reflect in the getting started part of the procedure, so pay close attention to how they operate.
We’ve already talked about some of the prerequisites you need to start using eCheck. They include an active bank account with a positive account balance. If you don’t happen to have one, it’s best to explore your local banks and open an account with one that suits you best. Once that’s out of the way, it’s time to choose an online casino that accepts eChecks. When you find one, all that’s left is putting in the transaction request and waiting for it to be cleared.
At this point, you’ve done your part. The bank and financial institutions we mentioned before now take over and do their thing in the background. If you’re interested in learning more about the process, here’s a summary of how it usually goes. An authorization institution takes the details of your transaction and packages them into easy-to-read data for the next player involved. That player is the Automated Clearing House Network! It verifies the data sent and relays it to your bank. The final act is on your bank’s part. They clear your eCheck and get things going!
As you can probably imagine, using Neteller is a bit different than this. To start, you’ll need to visit Neteller’s official website and register an account. The registration process isn’t difficult, but it does require some personal information. Be ready to enter your email, name, date of birth, gender, home address, and more to set up your account. Once you’ve filled out the registration form, you’ll need to accept the Terms of Use and verify your identity. For this, the platform uses a two-factor authentication tool that’s unique to Neteller.
If you’ve successfully created a Neteller account, it’s time to move on to the fun part. Like most eWallet services, you’ll need to fund your account through other payment solutions. Luckily, Neteller accepts a wide range of them! You can use options like Neosurf, Euteller, BOKU, Rapid Transfer, Yandex, Trustly, iDeal, Paysafecard, Eps, and more! It’s worth noting that there are differences between these options, mainly in terms of fees and limits. It’s best to learn a bit more about them before choosing one.
An additional feature that might pique your interest is Neteller’s crypto transactions. While it might be a new addition to the popular eWallet’s roster, it’s one that plenty of users love. In essence, players can use Neteller to process crypto transactions. The option works both ways, giving you a chance to buy and sell cryptocurrencies from the platform itself! Among the dozens of viable cryptocurrencies on the platform, you’ll find Bitcoin, Litecoin, and Ethereum!
Using eCheck and Neteller Across Online Casinos
For all their differences, the process of using these methods at online casinos is shockingly similar. Let’s start with eCheck. We’ve guided you through the process of using this method once before, but here’s a detailed recap. Start by choosing an online casino that accepts eCheck as a viable deposit method. Many gambling operators offer this option, so finding a good one shouldn’t be too hard. Once you do, here are the steps you’ll need to follow:
- Head to the casino’s Cashier/Deposit page and find eCheck’s logo.
- Enter your bank account details and specify the amount you want to deposit at the casino.
- Check the details and confirm the transaction.
- Wait for the money to arrive on your online casino balance.
Here’s where one of eCheck’s biggest cons comes in. While the depositing process is easy, the waiting time can be hard. You’ll need to wait between 3 to 5 days for the transaction to clear, so you can’t start playing until that happens.
Things aren’t too different when eCheck withdrawals are in question. Essentially, you’ll have to repeat the same process as before. The only difference here is that instead of entering the amount you want to deposit, you need to enter the amount you want to withdraw. Unfortunately, the waiting times can be even more excruciating here. On top of the usual 3-5 days from eCheck, you also get an additional 1-2 days for the casino to approve the withdrawal!
Neteller deposits are done similarly. Here are the steps you should follow:
- Visit the casino’s Deposits/Cashier page.
- Look for Neteller’s logo on the list of accepted methods and click or tap on it.
- In the new window, use your credentials to enter your eWallet account, meaning your Account ID, but don’t forget to add the Secure ID number too.
- Specify the amount of money you’d like to deposit and confirm your request.
- The money will arrive on your balance in an instant.
Withdrawing with Neteller is practically the same as depositing, with one exception. Instead of heading to the Deposit/Cashier page, you need to find the Withdrawal page and go from there. Enter your desired withdrawal amount and leave the rest to the casino. It’s worth noting that it’ll probably take up to 48 hours for the casino to approve your withdrawal. Depending on the online casino’s policy, the payout can be instant after this, or it can take some additional waiting. If this is a deal-breaker, make sure to check if the casino has fast withdrawal times before registering an account.
Advantages and Disadvantages
It’s easy to see that eCheck and Neteller have plenty to offer. While they’re vastly different, they’re both globally recognized and safe payment options that punters everywhere can get behind. Whether it’s the more traditional eCheck option or the modern Neteller one that catches your eye, you can expect high-end security measures from both. On top of this, both of these methods are available in online casinos worldwide, with Neteller reaching over 1,050 operators! Naturally, it’s not all sunny when these methods are involved.
With eCheck, one of the biggest downsides is privacy. While players needn’t worry on the security front, they still have to share their bank details with the online casino of their choice. Naturally, this is a concern for some and could deter them from using this method altogether. The other big downside is an obvious one. The waiting times that come with using eCheck are a bummer. Whether it’s depositing or withdrawing, players have to wait between 3-5 days for the transaction to be cleared! Combined with some online casino policies, this waiting time can extend even more!
The drawbacks that come from using Neteller are a bit more subtle, but they can be deal-breakers once you spot them. Funding your eWallet means incurring some transaction fees, and Neteller is no exception. While the fees can vary depending on the method you’re using to fund your Neteller account, they’re still more than what most users want to pay.
As you can probably tell from this summary, both of these methods were built with a particular audience in mind. eCheck is an excellent option for veteran players looking to test the online casino waters. Coming from traditional banking, using eCheck is a familiar comfort that makes the transition from physical to online gambling feel less scary. On the other hand, Neteller is perfect for younger casino enthusiasts! The eWallet has all the convenience of modern online banking, and it translates perfectly to the online casino space!
Payment Methods Comparison | ||
---|---|---|
![]() |
![]() |
|
Payment methods name | eCheck | NETELLER |
Available accounts | 1 account | 1 account (1;2;3;4;N/A different currency accounts) |
Available currencies | n/a | AED, AUD, BGN, BRL, CAD, CHF, CNY, COP, DKK, EUR, GBP, HUF, INR, JPY, MAD, MXN, MYR, NGN, NOK, PLN, RON, RUB, SEK, SGD, TND, TWD, USD, ZAR |
Account management fees | n/a | free |
Account unused | n/a | unused for 12 months: 5.00 USD (or equivalent) /month |
Exchange fees (FX) | n/a | 3,99% (3.79%; 3,19%; 2,79%; 2,39%; 1.29%) |
p2p Money transfer | ||
Send money p2p | n/a | 1.45%, minimum 0.50 USD (1.45% money transfer fee with min. of 0.50USD for Bronze, free of charge for Silver, Gold, Platinum and Diamond) |
Receive money p2p | n/a | free |
Deposit fees | ||
Bank transfer | n/a | 2.5% |
Instant bank transfer | n/a | 2.5% |
Credit card | n/a | 2.5% |
Withdraw fees | ||
Bank transfer | n/a | 10 USD |
Cheque | n/a | N/A |
Prepaid card at the ATM | n/a | 1.75% (1.75%; 1.75%; $6; $6; $6) |
To merchant site | n/a | free |
Cashback and promotions | ||
Promotions | n/a | none (regular low-prize draws) |
PrePaid card | n/a | Net+ Prepaid MasterCard (Net+ card is only available to residents of authorized European Economic Area (EEA) countries) |
Fee to order | n/a | 10 EUR |
Costs at points of sale | n/a | free |
Online bank statement | n/a | free |
New prepaid card | n/a | 10 EUR |
Cash withdrawal at ATM limits/24h | n/a | 1,000 USD (1,000; 1,000; 3,300; 3,300; 3,300) |
Points of sale limits/24h | n/a | 2,250 EUR |
Delivery time | n/a | 2 -10 business days |
Prepaid card available currencies | n/a | 28 |
Validation | n/a | 3 years |
Two factor authentication | n/a | Two-step Authentication |
Fee to order | n/a | free app |
Delivery time | n/a | right after app installation is completed |
Money-back guarantee in case of fraud | n/a | for all NETELLER users |
Link to terms & conditions | https://www.authorize.net/en-us/payments/echeck.html | https://www.neteller.com/en/policies/terms-of-use |
No casinos support both eCheck & NETELLER, click eCheck or NETELLER to show casinos that just support that method.
Share on
Twitter
Facebook
Delicious
Reddit
Copy Page URL