NETELLER vs. Discover

The world of online casinos might have been a tough nut to crack back in the day, but thanks to popular payment options like Neteller and Discover, it’s now an easy place to access. These services are available in many online casinos, so if you’re a fan of slots and table games, you’ll likely run into them sooner or later. It’s no secret that both of these solutions come with a myriad of perks that make them top-tier choices. From convenience to security, they have it all figured out! Of course, this doesn’t mean they’re the only ones. The online gambling space supports other great payment methods, many of which present similar offers. Naturally, this prompts a question we’re more than happy to answer. Why use Neteller or Discover across online casinos?

About Neteller and Discover

neteller

Neteller is one of the most talked-about payment methods of our time. The eWallet debuted in 1999 and was an instant hit in several countries. One of the things users can appreciate about this service is its global reach. It’s available in many parts of the world, and on top of that, it can be used for all kinds of purchases, making it a super convenient pick. While we don’t hear about it enough, this eWallet is used to shop in many physical stores and online. All of this has made it a powerhouse in the current market with over two decades of experience to bank on.

While Neteller is insanely popular, you might not have known that the service was created by the Paysafe Group. The company released the payment method alongside a few other popular banking options, which undoubtedly helped it in its journey. Of course, we’re talking about Paysafecard and Skrill! Both of these services are hugely successful payment methods, so the three products could bounce off of each other’s success and grow together. The company behind them learned what worked for one and not the other, and made adjustments to garner the best results on the market.

International readers will be happy to hear that Neteller is now available in over 150 territories. Unfortunately, it doesn’t cover about 50 countries, which isn’t that high of a number in hindsight. The payment method’s current reach might be impressive, but things weren’t always smooth sailing. Back when it launched, the service came with hefty processing fees. As you can imagine, users weren’t too pleased with them, and they weren’t afraid to be vocal about it. Thankfully, the eWallet managed to turn things around. It listened to feedback and lowered its fees, receiving praise from users for considering their requests.

We’ve gone over much of Neteller’s history, but we haven’t mentioned its success formula. This isn’t as simple as it might seem. The service’s success is due to several factors, including being released at an opportune time and boasting excellent features. The former refers to the early days of the online shopping craze. Neteller provided a safe, convenient, and anonymous way to transact online when method like it were rare. Combined with some of its great features like quick processing times, it gave users plenty to look forward to!

As you can imagine, Neteller’s success spread over many fields. In the online gambling scene, the service became a staple no time. Thanks to its top-tier offer and continuous dedication to growth, it gained support from countless online gambling venues, reaching over 1,000 online casinos! It’s safe to say that only a few services can boast such high numbers, so its availability is a massive advantage when looking for a new operator to visit. You’ll find that many of these supported venues are top-quality sites, offering the best of the best

Discover is another popular payment option that’s created quite a buzz in the online gambling scene. This credit card was launched in 1986 in the USA, making it one of the more established payment options you can currently go for. Despite launching earlier than most payment methods, this service didn’t debut at the best time. It entered the scene much later than popular bank cards like MasterCard, VISA, and American Express, making it harder to build a following and attract users. Thankfully, it managed to pull through and find success, amassing over 5 million users.

The US-based service first started taking off in its country of origin, and later gained some traction in Europe and other regions. Surprisingly enough, the thing that held it back at the start turned into an advantage. While the competition was fierce when it launched, the service had the advantage of offering something new and unique. On top of the classic benefits, most bank cards offer, it featured a few other perks that got users interested. These unique advantages include a lack of an annual fee, cashback on all payments, and no need for a user account.

It’s not hard to see how these perks can benefit all users, but they’re even more influential in the online gambling space. These features mesh perfectly with most of the offers found in online casinos. When combined with various bonuses and promotions, you can improve your gameplay experience by a mile! Naturally, this is why many online gambling venues offer support for the service. It’s available in nearly 200 online casinos, and that number is growing by the day.

Discover has one more top-tier perk we need to mention - security. In addition to standard safety protocols, the service assigns unique merchant codes to all of the brands it works with. These codes made any transaction easy to track, ensuring all goes well during the transfer. You might be shocked to learn that this feature was once used against US gambling fans. When US gambling laws were much stricter, banks used these codes to recognize casino transactions and block them. Thankfully, all of this is in the past.

Getting Started with the Two Solutions

discover

Starting with Neteller is a pretty easy process that’s done online. To get things going, you’ll first need to visit the service’s website. Once there, tap the sign-up button and wait until you’re redirected to the registration forms page. This part should feel familiar, as it’s a basic registration procedure that asks for some personal details. You’ll need to share data like your date of birth, phone number, address, and a few other details. When you finish filling out the form, you’ll be prompted to choose your preferred currency and accept the terms of service for the method.

While your account is now technically active, you won’t have access to everything Neteller has to offer unless you go through the identity verification process. If you’re new to this procedure, you shouldn’t be worried. Doing so only requires submitting a valid photo ID. Once it’s approved, your account should be fully operational! It’s worth noting that once you’ve completed all of these steps, you’ll be given an account ID and a Secure ID code. This is a two-factor authentication feature that strengthens the security of your account.

While your account is now live, there is one last thing you’ll need to do before you can start using it. Of course, we’re talking about funding your eWallet. The good news here is that Neteller offers support for more than 100 payment methods. These include popular options like BOKU, AstroPayCard, Giropay, Rapid Transfer, and more. To up its accessibility, the service also supports various cryptocurrencies. There are about 30 viable tokens currently on the platform, including Bitcoin, Ethereum, and Litecoin! Keep in mind that some fees may apply here depending on the method, so do your research before pressing on.

The Discover getting-started process doesn’t look too different from Neteller’s. Instead of heading to a bank like you’d need to with most other credit cards, you can apply for a card online and have it delivered to you in a jiff! This is a massive plus for the service, as most people prefer to wrap these things up in the comfort of their own homes. Before you start the application process, there’s something you should look into. The service offers multiple types of credit cards, each with unique pros and cons. Make sure to check what they can do for you before you pick the one that suits you best.

The application process for a Discover credit card itself is simple. The first part of it is completing a few forms. While some require basic details, others might throw in a personal question or two. These usually pertain to your financial situation and are there to determine your eligibility. The other part of the process is verifying your identity. We’ve already mentioned this ordeal when talking about Neteller’s account completion. Everything works the same, so you should get this out of the way quickly. That’s it! All that’s left to do now is wait for a response from the service.

Using Neteller and Discover for Online Casino Transactions

We can’t stress enough how popular Neteller is. The service is a global powerhouse with access to over 1,000 online casinos, so you have a rare opportunity on your hands! You can pick and choose from a long list of top-shelf venues, getting the best bang for your buck every time. While Discover isn’t at the same level when availability is in question, it does pretty well for itself. It’s available in nearly 200 online gambling venues, so you should have no trouble finding a reputable one to visit.

If you’ve decided to use Neteller for your online casino deposits, here are the steps you’ll need to take to get started:

  1. Visit the casino’s Cashier/Payments/Banking page and look for Neteller’s logo.
  2. Press it, and a new window will appear. 
  3. Log into your eWallet account using the Account ID and Secure ID codes you received. 
  4. Specify how much you’d want to fund your balance, and confirm the transaction. 
  5. The money should appear on your balance instantly.

Withdrawing with Neteller isn’t too different from depositing. Players can follow the steps listed above to do, with a slight change in step four. While its ease of use here is commendable, that’s not what makes withdrawals with the service so great. Being an eWallet, the method has short processing times! It should take a maximum of three days for your cash out to reach your balance, but in most cases, the waiting period is around 24 hours!

If you’re one of the many players who’ve chosen to deposit using Discover, here’s how to proceed:

  1. Choose the “Deposit with Credit/Debit Card” option.
  2. From the list of offered credit/debit cards, select Discover as your deposit option.
  3. Enter the card information requested on the screen.
  4. Enter the 3-digit verification code provided by Discover.
  5. Specify how much you wish to deposit and confirm the transaction.
  6. In an instant, the funds will arrive on your balance!

The good news about withdrawing through Discover is that the process is fairly simple. It’s nearly identical to depositing with the service, with a few small changes. The bad news is, unfortunately, more impactful. Like most credit cards, this one has a drawn-out withdrawal period that most players aren’t too happy with. As it stands, users will need to wait five to seven days before they receive their payout.

There’s one more thing players should keep in mind when using Discover or any other credit card. In countries like the UK and Germany, the use of credit cards for online gambling purposes is banned. If you’re in these regions or want to play in online casinos there, you’ll need to find an alternative payment option.

Advantages and Disadvantages

After reading this text, it’s easy to conclude that Neteller and Discover are two of the top payment options available to casino fans. They both operate in unique ways that set them apart, but that doesn’t make choosing between them any easier. If you still can’t decide which one is right for you, we’ll briefly go over their pros and cons again to give you some clarity.

By choosing Neteller, users enjoy all of the perks of modern eWallets and then some. They’re privy to heightened anonymity when transacting, lightning-quick processing times, a convenient online platform, and much more! Of course, they also get a pick of countless online gambling venues. The service is a staple in the field, so most operators support it. There might not be many downsides to using this method, but the ones there are significant. Mainly, players should keep in mind that the service has various fees they’ll need to account for.

The story with Discover is pretty similar. With this service, users are privy to the best sides of using a credit card. Its security is unparalleled, it has a user-friendly platform, and it’s widely available. On top of these, the payment method has a few exclusive perks that make it a beloved pick amongst casino fans. These are its cashback feature and the lack of annual fees. Unfortunately, there is a massive downside to using the service – the slow withdrawal processing times. If you’re not very patient, this method might not be for you.

Now that you’ve carefully examined what both of these payment options have to offer, you should be ready to choose. At the end of the day, Neteller and Discover are excellent picks, so if you can look past their few flaws, you should be more than happy with them.

Payment Methods Comparison
Payment methods name NETELLER Discover
Available accounts 1 account (1;2;3;4;N/A different currency accounts) 1 account
Available currencies 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 n/a
Account management fees free free
Account unused unused for 12 months: 5.00 USD (or equivalent) /month n/a
Exchange fees (FX) 3,99% (3.79%; 3,19%; 2,79%; 2,39%; 1.29%) n/a
p2p Money transfer
Send money p2p 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) n/a
Receive money p2p free n/a
Deposit fees
Bank transfer 2.5% n/a
Instant bank transfer 2.5% n/a
Credit card 2.5% n/a
Withdraw fees
Bank transfer 10 USD n/a
Cheque N/A n/a
Prepaid card at the ATM 1.75% (1.75%; 1.75%; $6; $6; $6) n/a
To merchant site free n/a
Cashback and promotions
Promotions none (regular low-prize draws) n/a
Additional bonus programs n/a Yes
PrePaid card Net+ Prepaid MasterCard (Net+ card is only available to residents of authorized European Economic Area (EEA) countries) n/a
Fee to order 10 EUR n/a
Costs at points of sale free n/a
Online bank statement free n/a
New prepaid card 10 EUR n/a
Cash withdrawal at ATM limits/24h 1,000 USD (1,000; 1,000; 3,300; 3,300; 3,300) n/a
Points of sale limits/24h 2,250 EUR n/a
Delivery time 2 -10 business days n/a
Prepaid card available currencies 28 n/a
Validation 3 years n/a
Two factor authentication Two-step Authentication n/a
Fee to order free app n/a
Delivery time right after app installation is completed n/a
Money-back guarantee in case of fraud for all NETELLER users Yes
Link to terms & conditions https://www.neteller.com/en/policies/terms-of-use https://www.discover.com/online-banking/terms-of-use/

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