Last Updated on March 10, 2021 by Janine Tan
Neteller allows Singapore players to make instant deposits and withdrawals at online casinos. Read our guide to Neteller to learn advantages of using it.
Neteller has been on the market since 1999 and today it provides people from more than 200 countries with their services. People from Singapore are also allowed to carry out their transactions in an easy and convenient way via Neteller including funding their accounts at online casinos and cashing out their winnings. As an e-wallet linking your bank account and credit card with your casino account, Neteller is completely safe and secure for the use at online casinos Singapore.
With this comprehensive guide to Neteller we will try to bring this banking method closer to you so that you can consider using it to make your payments and withdraw your winnings from your casino account. Making real money transactions is crucial for having a pleasant stay at online casinos and Neteller is one of the options allowing you to process your deposits and withdrawals easily without worries about the safety of your financial data. This is especially important for Singapore players as this form of entertainment is not regulated in this Asian country yet.
Setting up a Neteller account is quite simple and it takes only a few minutes. Once you enter the website, press Join for Free button and provide the needed information including your personal data like your name, surname, address and birth date. You are also required to provide your email and create a strong password consisting of at least 8 characters including 1 number and 1 uppercase letter. You should also choose SGD as your preferred currency while creating an account as you are not allowed to change the currency later.
Getting started on Neteller incredibly easy, and within just a few minutes you can have a fully functioning account to make instant casino deposits and withdrawals!
Step #1: Go to Neteller Website
Step #2: Choose the Email and Password for Your Neteller Account
Step #3: Complete the Registration Form
Step #4: Sign in via Neteller Confirmation Email
Step #5: Go to the Dashboard and Start Using Your Account!
Make Deposits with Neteller
Once you own a Neteller e-wallet you can fund it by traditional banking options such as bank transfers and credit cards. To fund your casino account via Neteller visit the Cashier section of the casino and choose the deposit option. Pick Neteller from the list of payment options and provide your Neteller ID or email, a secure ID or authentication 6-digit code and enter the amount you want to deposit. The funds will be paid to your casino account immediately and they will be instantly available for placing bets in most cases.
All your payments will be fully protected by 128-bit encryption technology, which means that your financial and private data will be totally safe from any kinds of cyber threats. Besides, all your transaction will be carried out in SGD meaning that you won’t have to convert your money into other currencies and pay additional costs such as exchange fees.
Make Withdrawals with Neteller
Cashing out your winnings via Neteller will also take you only a few seconds. Go to the Cashier’s, the Withdraw section, choose Neteller from the list of withdrawal methods and submit the amount you want to clear from you account. Your winnings will be transferred from your casino to your e-wallet and you are free to send them further to your bank account or credit card. It is as simple as that. Again, you will clear your funds in SGD thus saving your time and your money.
Fees and Timeframes
One of the reasons players prefer using Neteller over other banking methods is that they are typically not charged additional fees by online casinos for carrying out their transactions via this e-wallet. However, when you transfer your funds from your bank account or credit card to your Neteller e-wallet and from it to your personal bank account and credit card, you may be charged a fee by Neteller.
Check the Neteller website to find out more about fees in order to avoid unpleasant surprises once you start making your transactions. Fees are charged at a rate between 1% and 8% depending on the deposit option you use to fund your e-wallet.
When it comes to withdrawals, online casinos Singapore won’t you charge a fee on them either in most cases. On the other hand, Neteller will charge a withdrawal fee up to $25 per transaction. When it comes to timeframes, along with Skrill, Neteller provides you with the fastest deposits and withdrawals. While payments are processed instantly, withdrawals via Neteller may take up to 2 working days.
Sometimes your withdrawals may be subject to a pending period up to 48 hours as well, so you should keep that in mind when clearing your winnings. It is strongly recommended to visit the banking section of an online casino Singapore of your choice for more detailed information on fees and timeframes.
Advantages of Using Neteller
Neteller is of the most popular online payment systems worldwide due to numerous advantages of using it. Using the latest encryption technology which safeguards your data and transactions, Neteller also provides you with a possibility of making your transactions without revealing your personal or financial data to the online Singapore you play at. Practically, you fund your e-wallet while keeping your bank account or credit card number away from the online gaming operator of your choice. Casino players from all the corners of the world love keeping a low profile which Neteller allows them to do.
Transactions are processed quickly in your national currency which means that there are no additional costs you need to pay such as exchange fees. In addition, you can smoothly process your payments and cashouts on the move too which is very convenient if you play at mobile casinos Singapore. With online gaming in Singapore still in a grey area, choosing Neteller for your transactions might be one of the measures for keeping your funds and your data secure while playing at reputable online casinos catering to Singapore players.