There are some names that pop up on the list of payment methods available across online casinos, and MoneyGram and Neteller are definitely such. These are two global solutions that have been offered across the online gambling industry for years, with a great track record that has made them extremely popular among online casino players. The two solutions offer different services, but thanks to their global reach, both have their own huge user base. If interested in playing with one of them, stay with us as we’ll share everything we know about them with you. What are MoneyGram and Neteller and why use them as payment methods across online casino sites?
About MoneyGram and Neteller
MoneyGram and Neteller have been quite the success across the online gambling industry for years. The two are incredibly different payment solutions, yet they are equally popular among online casino players. One of the reasons for this popularity is the fact that they are both extremely useful to players who don’t want to share important banking or credit card details with operators. But the second and more important reason is that they are both global solutions, accepted literally everywhere across the world. So, any player, from anywhere, could use them.
MoneyGram is one of the oldest money transfer companies that exist in the world. Its beginnings go way back to 1940, as this was the year when it functioned like a money order company, Travelers Express. When the company partnered with Integrated Payment Systems in 1998, the two managed to create the solution you know as MoneyGram today.
Even though based in the US, considering the service it offered, MoneyGram had to expand to other countries and open land-based branches globally, so that everyone, from anywhere, could send and receive money easily. In 2004, it rebranded to MoneyGram International, and by that time, it became an option for money transfers across over 200 territories and countries across the world.
Today, over 150 million satisfied users are using the solution. There's basically a MoneyGram branch in each country, in each city, even a small town, that you can visit. That's why its brand became a worldwide-recognized one, known by literally every person on Earth. Its land-based presence is unrivalled, really, with hundreds of branches, in every corner.
When MoneyGram went online, its popularity grew even bigger. The fact that now users can use their mobile and desktop devices to request money transfers made things so much easier, as now, they don’t need to leave their house to send or receive money. Offering this service now, made MoneyGram a leading P2P digital money transfer service. But what inspires online casino players to choose it over any other are the many perks it offers. From 20% discounts on fees on the next transaction, to Plus Rewards, MoneyGram knows how to reward users for their loyalty. And that’s something online casino players appreciate more than anyone, the opportunity to play with more.
Neteller is one of the world’s most well-known eWallets. It is actually one of the oldest alternative banking solutions that appeared online, offering users the chance to use its internet funds transfer service since 1999. It is based in the Isle of Man and operated by one of the most renowned financial companies, Paysafe, the name behind two other popular methods, Paysafecard and Skrill.
When it first arrived on the financial scene, Neteller came with some pretty whopping fees, considering it offered a rather new service that was convenient for online payments. That convenience came with a price, and users were paying it. But as new eWallets started appearing, offering way lower fees and other perks, Neteller had to lower its fees itself, to keep on track with the developments. Nevertheless, even though today there are hundreds of new eWallets out there, Neteller is still among the top choices.
The thing is, Neteller really extended its reach, and opened offices all across the globe, to attend to the needs and demands of its global users. You will find its offices in Costa Rica, Canada, England and China. The international team that runs the show now has greatly helped it to expand all across the globe, with only around 50 countries that are not found on the available countries’ list. That’s actually how and why Neteller became such a popular name in the online gambling industry, catering to players from all across the world.
Getting Started with the Two Methods
Given how different MoneyGram and Neteller are in nature, you have probably expected to go through different getting started procedures with them. As you will see, with both, you’d need to visit their respective websites to learn how to start using them.
To start using MoneyGram…
… you would need to decide first whether you’d be using it offline or online. In both cases, you’d need to visit its website. In the first case, you’d need to find the locator tool, enter your current address and wait for the nearest land-based branches’ addresses to get listed for you. Choose the one that’s nearest to you and visit it. To request a transaction, you'd just need to provide the clerk with the cash and the details about the receiver, and the transaction will be immediately sent.
In the second case, you would need to decide whether you'd want to use MoneyGram's website or one of its apps to get started. Two apps are available, one for Android, one for iOS devices, which you can download on Google Play or Apple App Store, respectively. Choose the way to go, and you can create your account, at last. You’d need to share your full name, enter your email and password, as well as your phone number, and accept the T&C. Your account will be ready in a second.
As soon as your app is ready, you can start making transfers. As a sender, you would need to specify how much you'd like to send to the receiver (in our case, the online casino) and the way they want to receive the transfer. There are many options for how the receiver could choose to accept the money, as you will see soon. Depending on the method chosen and the amount of money sent, the transaction will come with a fee. The fees will be included in the total you need to pay, using your bank account or a card. After the request has been sent, you’ll get a reference number that you need to share with the receiver so that they could receive the money successfully.
To get started with Neteller…
… go to its website and find the Join for Free button. Click or tap on it, and a new window will open where you’ll need to enter your full name, home address, email, country of residence and choose the currency you’ll be using. After you accept the Terms of Use, your account will be immediately ready. To start using it, though, you’d need to verify your identity, providing the necessary identification documents. As soon as you’re done with that, you will receive your Account ID number and the 6-digit Security ID code, to use them as your credentials to access your eWallet account.
The next step, of course, would be funding your eWallet. When you're about to do that, you will see that you'll get plenty of payment options at your disposal, such as Neteller’s sister products Skrill and Paysafecard, but other popular options like iDeal, Neosurf, Yandex, Trustly, and Euteller.
Other options would be BOKU, QIWI, Rapid Transfer, POLi, and Eps.
But you should know that as of a few years back, Neteller has also started offering crypto. You can buy and sell crypto using your eWallet, with around 30 currencies. Ethereum and Bitcoin will be some of the cryptocurrencies you can trade.
On a final note, you should know that all of the payment methods allowed for funding your eWallet and cashing out money from it would come with fees. You would need to explore those fees before you make your requests, to find the ones that offer the lowest fees.
Using MoneyGram and Neteller Across Online Casinos
MoneyGram is a payment method offered in around 40 casinos, while Neteller in more than 1,060! As you can see, they are both quite popular, even though Neteller offers a much bigger availability. Nevertheless, you have at least 40 casinos to explore to find the one that suits you and accepts one of these methods. After you’ve found the one, make sure you register an account with it.
From there, to deposit with MoneyGram, do the following:
- Go to the online casino’s Banking/Payments/Cashier page.
- Find MoneyGram’s logo and press it.
- In the pop-up, access your account using your credentials.
- Enter the amount you wish to deposit and the casino’s details, how it wants to receive the money, if not pre-entered.
- Use your card or bank account to pay the total, fees included.
- Share the reference number with the casino, and in no time, the money will arrive on your balance.
Being a US-based method, it should come as no surprise to you to learn that MoneyGram is particularly popular with and one of the best methods for US players. Especially when it comes to withdrawals. US players love it, but so do people from many other countries across the globe, when it comes to cashouts. The procedure is pretty much the same, only in reverse, so you’ll be the one waiting for the reference number and the money this time. As soon as you receive it, in the way you requested, you can cash it out, the way you wanted it.
To fund your balance with Neteller, you would need to go through the following steps:
- Visit the casino’s Cashier/Payments/Banking page.
- Look for Neteller’s logo and press it.
- In the new window, enter the Account ID number and the Secure ID code.
- As you enter the eWallet, specify how much you’d like to deposit.
- Confirm your transaction and watch the money arrive on your balance instantaneously!
Deposits with Neteller are near-instant, really. The transaction goes through smoothly when depositing, but not always as fast as possible when it comes to withdrawing. Withdrawals with this eWallet can be made within 2 hours sometimes, but oftentimes, they can take up to 3 working days, so request them in time. The withdrawal procedure is the same, only the other way around.
Advantages and Disadvantages
The biggest disadvantage you could notice with both of these methods is, of course, the fact that they both charge fees. We needed to address the elephant in the room right away so that we could continue with the good stuff. The fees charged depend on the methods used for the transaction with MoneyGram, and for the funding/cashing out money from the eWallet account with Neteller.
On the plus side, though, both solutions are worldwide-recognized and used. And, they are incredibly popular across online casinos, probably for the same reason. The fact that anyone, from literally any country in the world can use them, comes quite handy when it comes to online gambling.
In addition, both of these solutions allow you to make quick deposits and are both accepted for withdrawals. The downside here is that withdrawals take a while with both, but most players are satisfied with the fact that these methods are available for cashouts, and that’s all that matters to them; they don’t worry about the waiting times.
Finally, we should mention how easy the two solutions are to get started with and use. And we must stress their availability across online casinos, with MoneyGram being accepted in around 40 and Neteller in more than 1,060 casinos. Rare are the methods that can provide you with all of these perks, so if in doubt, make sure you at least try MoneyGram and Neteller to see how it goes. After you see how incredibly useful they are for online gambling transactions, you’ll understand that choosing either of them was a wise decision.
Payment Methods Comparison | ||
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Payment methods name | MoneyGram | NETELLER |
Available accounts | 1 account | 1 account (1;2;3;4;N/A different currency accounts) |
Available currencies | USD | 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) | Fees vary depending on where you are sending, how much, and how you are paying. | 3,99% (3.79%; 3,19%; 2,79%; 2,39%; 1.29%) |
p2p Money transfer | ||
Send money p2p | Fees vary depending on where you are sending, how much, and how you are paying. | 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 | Fees vary depending on where you are sending, how much, and how you are paying. | 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.moneygram.com/mgo/us/en/m/terms-and-conditions | https://www.neteller.com/en/policies/terms-of-use |
No casinos support both MoneyGram & NETELLER, click MoneyGram or NETELLER to show casinos that just support that method.
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