PayPal vs Neteller: Which is Better at Online Casinos UK?
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Online casinos in the UK are generally known to use online payment options that are fast and relatively popular. This is because the purpose these payment systems should serve is basically getting payment transactions done quickly while also being accessible to users. In the UK, Neteller & PayPal are two common methods you find in nearly every online casino, and in this article, we compare these two to help you decide on which is better.
CasinoAlpha’s Recommendation: Use PayPal at UK Casinos
PayPal is one of the most popular payment platforms in the world. Not only is it popular, but it is also a great payment option in terms of security, speed, and service delivery. PayPal is easy to use on online casinos; its deposits and withdrawals can be made in just a few steps.
Regarding payout speed, online casinos in the UK tend to have varying speeds when it comes to players withdrawing their funds. The speed at which this occurs is mostly based on payment processing speed and the speed of the payment option. In the case of PayPal, fast payouts are made in just a few minutes.
PayPal offers little to no transaction fees when you deposit or withdraw using their payment service. Also, if you run into any payment issues, their customer support is always available 24/7 to resolve any issues you may face.
Neteller vs PayPal Features Compared
| Neteller Features | PayPal Features |
|---|---|
| Global payment service recognized in different regions of the world. | Widely available on casinos globally. |
| Very quick deposit & withdrawal processing time. | Web and mobile interfaces are highly user-friendly. |
| Uses robust security architecture to protect user funds, like two-step authentication. | Offers users a solid buyer protection program. |
| Supports diverse funding options such as debit or credit cards, bank transfers, and other e-wallet options. | Quick deposit and withdrawal speed boosting overall customer experience. |
| Currency conversion options. | Accessible mobile application. |
| A VIP program is available where you can get even more perks. | Supports multiple currencies |
| Money-back guarantee in the case of fraud. | Advanced encryption technology is used to protect user data. |
Our research was carried out in different ways. We started by sampling over fifty UK casinos to determine the most common payment methods. Our results showed that these two e-wallets are the most popular. Then, we looked further into their online information and conducted in-house interviews to get opinions on the payment services.
PayPal Analysis: In-Depth Look at PayPal
| Parent company | PayPal Holdings, Inc. |
|---|---|
| Years on the market | 26 |
| Payout speed | Up to 24 hours |
| Minimum deposit | £10 |
| Maximum cashout | £1,000,000 |
Founded in 1998, PayPal is a payment system with a web and mobile app that allows payment between parties by using online money transfers. PayPal users simply create an account and link to their bank account, credit card, or both.
PayPal is a reputable worldwide payment service, used by businesses and personal individuals to handle various payments. PayPal provides a secure payment choice for gamblers, allowing them to handle payments with ease and speed.
An Overview of Neteller as a Payment Provider
| Parent company | Paysafe Group |
|---|---|
| Years on the market | 25 |
| Payout speed | Up to 24 hours |
| Minimum deposit | £10 |
| Maximum cashout | £100,000 |
Neteller is a UK-based online payment platform widely used for various online activities such as gambling, e-commerce, funds transfer, bill payment, and many more. Since its creation in 1999, Neteller has positioned itself as one of the pioneer online payment platforms.
Neteller operates globally in over 200 countries; it is an e-wallet payment system commonly used in the online gambling industry. Overall, Neteller is a fast, convenient, secure, and reliable payment option.
Which Provider is Best for Casino Bonuses 2023?
The better payment provider for players looking to enjoy casino bonuses is PayPal. Online casinos tend to have PayPal as their eligible payment option for bonuses due to its popularity and ease of use. For example, you can get free spins for mobile verification with PayPal, but you can also get deposit 1 pound spins for the minimum required.
For Neteller deposits, you can usually scoop a 200% match percent or 300% match if you’re a high-roller.
PayPal is widely accepted on most online casinos in the UK. Casino bonuses are special incentives you stand a better chance of claiming when using PayPal as your preferred payment option. Neteller is often excluded from bonus claims on many big UK online casinos.
Some UK Casinos May Not Accept Neteller for Bonuses
As mentioned earlier, Neteller being excluded from online casino promo offers is rather common. This means you may not get the bonus if you make your qualifying deposit using Neteller. However, it is not excluded from free spins for existing players bonuses.
Chargeback risks are part of why many online casinos exclude Neteller from benefitting from their bonus. Neteller allows users to chargeback transactions; in the past, users have abused this bonus by first getting the offer and then initiating a chargeback when they eventually lose the bonus.
Try looking at our independent casinos list, because these tend to accept Neteller better for free spins bonuses.
Neteller vs PayPal: Our Pick for Mobile Casinos
Mobile casinos have become popular over the past few years. Unsurprisingly, most gamblers prefer to gamble on their mobile, either via the web or a dedicated mobile app. These players also want smooth and perfect payments for their gambling experience. This is where PayPal comes in as the best option.
PayPal has a dedicated mobile app that can be used to make payments to and from the online casino. The payment provider also offers a unique payment experience where your deposits can be completed in just 3 button taps or less.
Withdrawal Fees of Neteller and PayPal
It is uncommon for UK online casinos to charge users when making deposits with Neteller and PayPal. However, withdrawing funds using these payment options requires a small fee.
Generally, PayPal withdrawal attracts a small fee of 1-2% of the total amount. For UK-based transactions, particularly on gambling websites, PayPal carries a fixed £1 charge plus 0.5% of the total amount.
The default charge when withdrawing to Neteller is 2.5%. Players can, however, get a lower fee if they are on a VIP package.
PayPal Drawbacks to Be Aware Of
- Transaction limits on how much you can transact
- Additional charges for currency conversion
- Long account verification process
- Transaction fees
Neteller Cons to Keep in Mind
- Transaction fees.
- The verification process may be time-consuming.
- Limit on withdrawal amount.
- Bonus ineligibility.
