The sale of goods and services online now reach well into the thousands on a daily basis, each of them requiring a fast and convenient method of payment to be processed. It, therefore, comes as no surprise that the volume of electronic wallet users has grown proportionally alongside this staggering growth in online sales. Launched in 1999, NETELLER has ridden on the crest of this wave to become one of the most popular payment services across the world. With over 23 million active users to date, no gambling or betting enthusiast ever has to worry about getting their money deposited by their favourite online casinos or bookmakers. It is precisely in this substantial online gambling market that NETELLER stands out, even against its uncontested competitor, PayPal. With such popularity and presence comes large demand from poker sites around the globe, including the most popular – PokerStars.
A little about PokerStars
As the name so well suggests, PokerStars is truly the star of the online poker world. Its hugely popular poker rooms accumulate several hundred thousand players every single day, placing the site’s network traffic well above that of any of its competitors. Although PokerStars was launched just two years after NETELLER, in 2001, it has already compiled the largest choice of poker variants and games. Indeed, you may find anything from your usual unlimited Texas Hold’em and Omaha, to some of the most uniquely designed H.O.R.S.E, 8-Game or even RAZZ – there is an option to suit even the pickiest of poker players. Still, PokerStars is not just a platform for your general poker variants, the site itself developed and popularised games like Spin & Go, short deck poker like 6+Hold’em, as well as Zoom, the fast poker spread Zoom. If you still need further convincing on PokerStars’ leading position in the online poker industry, the company only recently held a record-breaking $135,000,000 worth prize pool at its SCOOP-2020 tournament series.
Benefits of depositing PokerStars with NETELLER
NETELLER has a number of benefits and advantages over more traditional methods of payment like bank transfers or cards. These include:
No transaction locks
The legislation of certain more conservative governments prohibits their citizens from partaking in gambling activities, amongst which poker is included. This is most often done by blocking user transactions from their bank to poker rooms, online casinos or bookmaker offices. Luckily, NETELLER stands beyond the legal capacity of these countries and is, therefore, able to provide its users with a safe and efficient gateway to their favourite poker rooms, including PokerStars.
The transfer of funds onto PokerStars is carried out instantly whereas other methods may require a delay of several working days. This can make the difference between you winning big on a short-lived poker stock or losing out due to an emptied-out account.
Its decades of experience in the market has allowed NETELLER to develop and perfect the most efficient way to pay so that your PokerStars account can be topped back up in just a few clicks. After all, you should not have to worry about all the proceedings of transferring money to your account when you are looking for your next poker table to bet at.
Psychological factors like authority and familiarity do matter when it comes to trusting a payment service with your hard-earned money. Users will most often choose the first familiar logo they see – for poker players that logo is none other than NETELLER’s.
Convenience of the mobile application
Users have been able to play their favourite games on PokerStars from both their personal computers and mobile devices ever since 2012. Whether you are sitting at your desk or on the couch on your tablet, convenience is key and there is no easier way to replenish your account than via NETELLER’s leading mobile app amongst payment systems.
Close cooperation with Skrill
In 2015, NETELLER’s owner acquired one of its most fierce competitors – Skrill. Since then, both companies have sought to unify parts of their operations. This has given rise to a key advantage: instant transfers between Skrill and NETELLER for just a small fee. Having such flexibility can be valuable when choosing different ways of topping up your PokerStars account.
Disadvantages of using NETELLER on PokerStars
Despite its numerous advantages, NETELLER does not have the ideal solution to all problems and has its own important drawbacks. Here are highlighted the key disadvantages:
Although deposits are quick to process through NETELLER, these do come at a cost. A 2.5% deposit commission is charged for every deposit in Neteller e-wallet. The only exception to this policy is for one-time deposits of a value of $20,000 or equivalent in another currency where the deposit can be made for free. So, if you are hoping to top up your Neteller account with a deposit of that value, you will not be charged for the transfer. There is no commission for a deposit at PokerStars using Neteller; just make sure that the currency of your wallet matches that of your transaction.
The need to register
This applies primarily to players who are yet to be an active user of the payment service. In such an instance, you will only be required to register in PokerStars to start depositing money via bank transfer or card. If you would like to make NETELLER your payment method of choice, you will have to face its registration and verification process in order to make full use of its site.
Insufficiently high output speed
When it comes to replenishing your PokerStars account, NETELLER comes in with gold standards in terms of processing speed. This, however, degrades quite rapidly when you decide to withdraw your earnings back to your account. On such an account, NETELLER aligns with its competitors with its 3 to 5 business days delay for money withdrawals. Ultimately, this will rely on the speed at which the PokerStars support team processes a user request. If you are trying to cash out directly from your e-wallet and via a local ATM, this process is instantaneous, although optimal efficiency is achieved when using the NET+ Prepaid MasterCard.
How to deposit via NETELLER?
Two decades of collaboration and a number of technological developments both vouch for the impressive simplicity and efficiency of the deposit process. You have two options to choose from when choosing how to pay using your electronic wallet to your PokerStars account:
- Using the official PokerStars website;
- In the lobby of the PokerStars application.
Taking into account the lack of popularity of the first payment option and the similarity of the algorithm used to deposit from the app, it is not necessary to address both methods separately. The key difference to take away is that you are required to fill in your details when passing through the official PokerStars website but not when signing in as a user.
You just need to follow a few steps to deposit money onto PokerStars:
1. Access a PokerStars lobby and enter your nickname or e-mail address of your choice along with a password.
2. Head to the cash register.
3. In the pop-up window, select NETELLER from the list of available payment methods;
4. Select your desired amount you wish to transfer, either choosing between fixed values of $20, $50 or $100 or by entering a custom amount in the “Other” window. Click the “Deposit” button to proceed.
5. Optional step – enter the bonus code in the corresponding field. Not all players will have a bonus available. If you do have the option, it is recommended to not pass out on this opportunity to unlock additional benefits. If you are wondering about such promotions and bonuses, you may find all the necessary information on specialized poker resources.
6. Fill in all the information required by NETELLER to safely perform the operation. You will be asked to provide your NETELLER account number (consisting of 12 digits) and Secure ID (consisting of 6 digits). If you have two-step authentication enabled, you will be asked to specify the 6-digit code generated by the Google Authenticator app. Important clarification – as of June 15, 2020, the process of account replenishment has changed: you are now required to specify the e-mail address your NETELLER account is registered to, in addition to the aforementioned details. If you are planning to continue using the payment system in the future, you may tick the box next to “Save Payment Information”. Similarly, PokerStars features a quick deposit feature which can be activated and linked to pay directly from your NETELLER account for greater ease.
7. To complete your deposit to your PokerStars account, click on the green arrow.
If you have followed the instructions above correctly, the money should be credited to your account immediately so that you may start playing without further delay.
How do I withdraw money via NETELLER?
Withdrawing funds back to your NETELLER account is even simpler than the deposit procedure. It too can be carried out in one of two ways: either through a website or via the PokerStars app. Again, the procedure differs only slightly, depending on the starting point and go on to follow the same steps.
Follow these five steps to withdraw funds from PokerStars to NETELLER:
1. Sign in to your PokerStars account (enter your nickname or e-mail along with your password);
2. Go to the “Cashier” tab in the upper right corner of the PS client;
3. In the pop-up window, click “Withdraw.”
4. Select the amount you wish to withdraw from your PokerStars account and click on the green button;
5. In the new window, select NETELLER from the list of payment methods and finish the procedure by clicking on the green arrow. Please note that the payment method becomes available for withdrawal only after you have funded your account. If you have initially deposited to your PokerStars account by some other means and now wish to make a transfer to NETELLER, you will first be required to meet the payment system’s minimum deposit requirement.
Your withdrawal request will be processed within 3 days and your funds immediately credited to your account upon approval from PokerStars.
How to avoid extra fees when depositing and withdrawing funds?
PokerStars prides itself on offering a variety of tables in a number of different currencies, from American dollars and British pounds to Euros and Canadian dollars. Hence, the Poker Room cashier offers a choice of preferred currencies to choose from depending on preference and convenience.
It is important to pay close attention to your choice of main currency since this will determine the charges you will be subject to if conversions are required. It is best to match the currency of your NETELLER account to avoid unnecessary fees. You may consult your preferred currency from the “Cashier” section in your account.
You should then set up your PokerStars account accordingly. Head to “Preferred Currencies” via the “Manage Currencies” tab and select the main currency you wish to make your deposits and withdrawals in, taking care to match it with that of your e-wallet.
You may increase the number of available currencies to access a wider range of tables in the lobby. Default settings will automatically direct you to tables using American dollars. Once you have expanded your choice of currencies, you will be able to join tables playing in British pounds, Euros and even Canadian dollars. You may switch your base currency for another at any time and may even automate the transition for every time you change table currency.
The promising “More” section consists of several additional tabs. We will consider each of them individually:
Transaction History. Here you can track the movement of funds in and out of your account over the last 7, 14, 30 or 60 days.
Pending Withdrawals. All transactions that are still being processed are located in this tab.
Fast Deposit Settings. Tab for the most eager, or impatient, players. Here you can set up the quick deposit feature to top up your account right from the poker table. You have options to activate the fast deposit function itself and choose your preferred payment method.
NETELLER fees and limits for deposits and withdrawals
When it comes to choosing a payment service to handle your money, the amount you may lose out on additional charges and how to avoid them are key questions for all.
We have already gone through the 2.5% deposit commission charged by NETELLER has already been mentioned alongside the ways in which you may save money on currency conversion fees. Deposits make from PokerStars are themselves free of charge, withdrawals from NETELLER are however subject to variation depending on the method used:
- A fixed payment of $10 is set for withdrawal to a Bank account.
- Commission for withdrawals via the MasterCard NET+ Prepaid card is set at 1.75%. You should also keep in mind that the order and annual maintenance of this card will cost you another $10.
- The limit for withdrawing funds from an ATM using NET+ is set at $ 1,000.
These commissions and withdrawal limits are here mentioned without consideration of the account status. You may expect significantly more favourable conditions with VIP statuses, where VIP Gold has a limit for withdrawing with a NET+ card extended to $ 3,300 per day. Additionally, the commission charge becomes fixed at $6 instead of 1.75% of the withdrawal amount.
When you register onto NETELLER via Baxity, you can expect to receive such privileged statuses on great preferential terms. Benefits include:
★ Bronze PRO status assigned immediately upon account verification;
★ To achieve Silver status, the required $ 50,000 deposit is reduced to just $7,500;
★ Your account is verified as a priority;
★ Gold, Platinum, and Diamond statuses on more preferential terms;
★ Zero transfer fee for Silver status and above.
When you obtain the Bronze Pro status, you will be able to make transactions of up to $ 50,000 per transaction.
NETELLER has held onto its leading position as PokerStars’ payment method of choice for many years already and for various reasons. Both its availability and ease of use were key to the e-wallet’s prominence in this domain, being represented in more than 200 countries across the world. NETELLER also has a number of drawbacks, the primary one being its required fee when adding funds to your account. The disadvantages it does have may be avoided by taking certain precautions like setting up the currency of your PokerStars account to match that of your e-wallet to avoid the 3.99% conversion charge. Ultimately, users with privileged statuses will benefit most greatly from NETELLER’s perks with PokerStars and may be conveniently obtained when registering with Baxity.