NETELLER vs. MasterCard Credit

Neteller and MasterCard are two of the best-known payments methods available in online casinos today. These services grant users entry into most online gambling venues, making it easy to deposit and start playing premium games without much hassle. While the convenience they offer is nothing to overlook, it’s often not enough to set them apart from the other excellent payment options available on the market. Thankfully, these methods offer more than just access to top online casinos. They’re known well beyond this sphere, and up next we’ll explore why. To make things a bit more coherent, we’ll try to come up with an answer to the question – Why use Neteller or MasterCard across online casinos?

About Neteller and MasterCard

Neteller and MasterCard operate in very different manners. The first one is an eWallet, while the second is a traditional bank card. These two might not be opposites, but they boast pros and cons that might suit users with different needs, respectively. Here’s a bit more about how these methods got their start.

Neteller is a global service that many of you have likely heard of. It’s one of the best-known eWallets on the market right now, next to options like PayPal and Skrill. While the service is used often in online casinos, its reach extends far beyond that. People use it to shop on major online platforms, pay for services through various apps, and even make payments in physical stores. Of course, none of this is too surprising given the method’s history. It’s been around for over two decades, establishing itself as safe and reliable.

Most players are surprised to learn that Neteller got its start in 1999, given its modern interface. It was created by the Paysafe Group, one of the biggest financial companies out there, at nearly the same time as a few of the firm’s other popular payment options. These include Paysafecard and Skrill. Word of Neteller spread fast. People were delighted by the convenience it offered, so in no time, it spread to over 150 territories! The service doesn't operate in about 50 countries at the moment, which isn’t too high a number in hindsight.

The answer to Neteller’s success is much simpler than most people think. While timing, speed, and convenience were a part of it, one of the main reasons people use the service is how it responds to feedback. When it started, Neteller had large fees attached to every transaction. Naturally, users weren’t too happy about this and voiced their discontent. The service took their feedback and lowered its fees to a reasonable rate! This is just one example of how the method takes critique and applies it to better itself. What’s more, it also learns from the experiences of its sister services and applies that knowledge to how it operates.

Neteller has done an incredible job of gaining even more traction over the years, and this is especially true in the field of online gambling. Not only is it a method that grants users heightened anonymity, but it’s available in more than 1,000 venues! Users can visit these gaming sites whenever they like and not worry about having to share any personal banking info. The best part about all of this is that while the number of casinos is pretty impressive, the quality they boast is even better. Some of the best sites on the market are friendly with the service, so you can enjoy premium content with minimal effort.

MasterCard is the other service we’ll be looking at today. This method dates to 1966 in the US, where it started as a membership organization. Back then, the service was known as Master Charge, and it was established by a few easily recognizable banks and financial institutions. They included Wells Fargo, Bank of California, United California Bank, and Crocker National. It wasn’t long before the organization grew, amassing more than 25,000 financial institutions as shareholders. Naturally, this led to increased interest abroad, prompting the service to rebrand and release various products. Among them, its now-iconic bank cards made their debut.

MasterCard’s reach is practically unmatched. Since the service is available in more than 180 countries, it has global dominance. This gives it some excellent advantages. While it’s used for practically any payment under the sun, the method has become a big hit in the online gambling space, and with good reason. MasterCard is a viable option for most operators. It’s also reliable and safe. Given its stellar reputation, this tried-and-true service is all you need to transact in your favorite venues freely.

It’s no secret that MasterCard offers various products. While most of them are well-known, the ones we’ll be focusing on are bank cards. To be more specific, we’ll be looking at its credit cards and debit cards. Most people are familiar with these cards and what they do, but if you happen to be out of the loop, we’ll try and summarize them. Debit cards are what most people see as the standard. With a debit card, users can only spend the money that's available in their accounts. Credit cards work on a similar principle, with one difference. Users can spend more than they have available in their accounts, amassing debt they can pay off later.

Which card fits you better can depend on many factors. Before you decide to pick one up, do more thorough research into its pros and cons. One thing you might want to note here is that credit cards have recently been under fire in the online gambling industry. Unfortunately, their use has been banned in the UK and Germany. Sure, this might not be of much consequence to you if you don’t hail from these regions, but other countries may implement a similar ban down the line.

Getting Started with the Two Methods

Setting up your Neteller account shouldn’t be too much trouble. The first step you’ll need to take is to visit the service’s website and find the sign-up form. Once you do, make sure to enter the correct information inside. This can include your name, date of birth, phone number, address, etc. This information is used to set up your account and nothing more. The service doesn’t share any info with operators, so your anonymity will stay intact. Once you’ve finished filling everything out, you’ll also need to choose your account’s main currency and agree to the terms of service.

While your account is now live, it’s still not completely set up. To enjoy the full scope of services Neteller offers, you’ll need to verify your identity. Doing this might seem like a hassle, but it’s pretty easy. All you need to do is submit a valid photo ID, and you should be good to go! If you aren't sure what this includes, a government-issued ID, driving license, or passport works fine. Once the identity verification process is complete, players will receive their account ID and a Secure ID code. This two-factor authentication feature ensures player safety.

Finally, the last thing you’ll need to do when setting up your Neteller account is to fund it. Thankfully, this is the easiest part of the whole ordeal! Since the service supports more than 100paymentmethods, you have many options to choose from. Some of them include BOKU, AstroPayCard, Rapid Transfer, and Giropay. Of course, you also have around 30 digital currencies to explore. If you’re a crypto fanatic, you can go for options like Bitcoin, Ethereum, Litecoin, and many other popular coins.

To get started with MasterCard, users will need to go through a process that’s a bit more demanding than the last method. There is some good news here. Getting a bank card is something most adults have likely done already, so they’re probably well aware of how everything goes. If you’re in the minority that haven’t had a bank card issued yet, here’s how to apply for one. First, head to a bank or financial institution that partners with the service. It shouldn’t be too hard to find one due to MasterCard’s massive network, but if you’re having trouble with it, use the locator tool on the service’s webpage.

The next step would be heading in and starting the application process, but before you do, make sure to decide whether you want a credit or a debit card. The process itself is straightforward. You’ll need to fill out a few forms that require personal information and verify your identity. Like with the last method, the information you disclose is exclusively used to set up your account. There’s no need to worry about third parties getting their hands on your private details. The identity verification process is also pretty much the same. Just submit your valid photo ID to the clerk, and you should be good to proceed.

The bank should review your application quickly and start preparing the card. In most cases, bank cards are issued within a few days of applying. You’ll likely be notified by phone or email when it’s done. Additionally, you can have the card delivered by mail or pick it up on-site.

Using Neteller and MasterCard for Deposits and Withdrawals

At this point, it’s pretty clear that both of these methods are excellent options for online casino enthusiasts. Sure, they aren’t perfect, but they offer top-notch benefits and have enviable reach. While Neteller and MasterCard are accepted in countless online casinos, we recommend being careful when choosing a venue. First and foremost, ensure the sites you’re visiting are licensed. Once you’ve confirmed their legitimacy, compare the best options to see which one fits your playstyle better and get to depositing.

For those of you that have to use Neteller as your go-to option, here’s how to start:

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.

One of the biggest perks of using Neteller is the processing times. Not only does the service have instant deposits, but withdrawals are quick too! At most, it should take up to three days for your cash out to arrive, which is still on the shorter end. Usually, the waiting time is closer to 24 hours. The process of withdrawing is also pretty convenient. All you need to do is follow the steps above, with a change in the fourth step. Here, you should select how much you’d like to cash out.

If you’ve decided to use MasterCard for your casino deposits, here’s how to proceed:

1. Choose the “Deposit with Credit/Debit Card” option.
2. From the list of offered credit/debit cards, select MasterCard as your deposit option. 
3. Enter the card’s number, expiry date, your name as the cardholder, and the CCV2 code on the back of the card. 
4. Specify how much you wish to deposit and confirm the transaction. 
5. In an instant, the funds will arrive on your balance!

MasterCard is a service that does allow withdrawals. The process is similar to depositing, with the word “deposit” being replaced with “withdraw” in step four listed above. Unfortunately, this option is a bit scarcer than depositing when online casinos are in question. Thankfully, this isn’t a serious issue, as it’s only excluded from a couple of operators. Something that might pose a serious problem for players is waiting times. Compared to the previous option, they’re much longer. They take 5-7 days, so if you need your winnings immediately, you might need to choose an alternative withdrawal option.

Advantages and Disadvantages

We’ve gone through a lot of what makes Neteller and MasterCard special. At this point, you should be able to decide which option is best for you without having to do deep dives online. Still, it’s better to go through everything briefly one more time to be on the safe side. Below, we’ll summarize the biggest pros and cons of both options.

With Neteller, the perks are abundant. First, the service is available in more than 1,000 online casinos. Players have access to tons of options, making their online gambling journey easier in the long run. Some of the other advantages players can expect from this service are fast processing times, high security, and heightened anonymity. Combined, they make a user-friendly method perfect for online transacting. Of course, its cons shouldn’t be missed. While they’re not as bad as they once were, the service does come with fees.

With MasterCard, availability is the one perk that can’t be ignored. Thanks to its massive global network, the method is accepted on practically all online gambling sites. Players can take their pick of the best casinos out there without issue. On top of this, the safety and reliability of the service are highly praised, so you needn’t worry about security issues throughout gameplay. The cons of using this service can be seen with withdrawing. The processing times on withdrawals are insanely long, making patience a necessary trait in its users.

With these options within reach, you should be able to have an excellent online gambling experience. Since both are some of the best choices available, you're in the green with either.