E-wallet comparison. What is the best e-wallet?

[nikantw]

Recently I wanted to fund my Neteller account with my card. Neteller asked “is it for gambling?” First time ever they ask that, I said yes and transaction was declined. I said no and it was accepted but Videoslots wouldn’t accept them afterwards. I also learned from another thread that if you don’t live in Europe you don’t get a Net+ card. Now I am pretty scared about using Neteller.

I mean, is it safe? Can I ever fund it again? And what if I win big, like jackpot big? Can I withdraw lets say 500,000 with Neteller (even in portions of 5k - 10k) and is it safe to leave such amount sitting at Neteller for 2-5 years?
Some casinos have also bonus banned Neteller, or don’t accept it at all (or any other e-wallet)

I live in Europe, but sometimes I am treated like I don’t. I am seriously thinking moving and getting a job at Malta.

The new anti-money laundering international directive feels like a “don’t gamble online” law.

Anyway, I want your opinions and expertise. What is the best e-wallet out there?
Easy to fund, easy to play online, easy to get your money no matter where you are in the world?

See Related Threads:

• YouTeller E-Wallet!?
• Does the Casino Know Who's E-Wallet You're Using?
• Payments & Cashout
• YouTeller "False" Claims
• Does Anybody Know What's Going ON With YouTeller

 

[Jono777]

Skrill always asks "Is it gambling" when you upload from debit/credit card.

Skrill is the only one I use (Although I feel partially 'forced' into this these days ) - It is however daylight robbery, the fees for this, fees for that, flaming joke!

Paypal is by far the fairest, only downside is that for now not too many casinos accept it as a deposit method. Free to transfer, free to withdraw to bank (and instant!!)

 

[mina1929]

I also use Neteller and I noticed they ask the same question but had no problem funding or transferring money when I say its for gambling.

My only problem with Neteller is if I deposit say $200 it will cost me around $5 extra also my bank will charge about $8 or more

I never used any other E-wallet I think they all pretty much the same.

 

[goatwack]

I've always favoured Paypal, the moment it hits your wallet you know that it's effectively in your bank account as the transfers are instant, unlike my experiences with Skrill & co, where it would sometimes take the best part of a day!

Add to that no fees (we'll ignore their greedy collusion with Ebay for a moment) and ease of use, I find them to be the best. But as aforementioned, fewer casinos are offering this as a payment option, so I guess they're not too fee-friendly when it comes to merchants or else they'd be the standard- bearer

 

[philderby]

as ive said in other threads, If there are no options for paypal I use my debit card now because I refuse to pay the eye watering fees

 

[theapple]

For me it was skrill for a long time (almost decade?). then they started charging something ridiculous like 10% (!!!??!?) for credit card cashouts (havent actually noticed it until i cashed out $110 and got $100 only) so im not using skrill anymore. Havent used Neteller for ages because of their fees on... everything really.

So i tried entropay, which has pretty steep upload fees but i was like ok maybe i could live with it... until i cashed out to entropay for the first time. They also charge fees when casino sends you money, and then on top of it, they also charge when you cashout to your bank account... i mean seriously, might as well change to 80% fees it would feel no different, its daylight robbery lol

so now its either paypal and sadly not many places accept it, or directly from credit card for me, else its a no go. But then again some casinos charge 2,5% - 5% fees for credit cards deposit so at this point it really feels like i have to chose between 4 crap options.

Honestly by the time my $100 deposit reaches casino, i have spent $110 or so, and not to mention there are fees on cashouts from some casinos plus fees for bank cashouts... plus fees on your local currency to $/eur exchange...

At this point of online gambling we (talking about europeans here) arent really playing 95% rtp slots anymore... all fees considered its more like 85%
.
on a related note : casinos, take note - fees on deposits feel like a giant slap in the face, as if we were supposed to pay your fees.

 

[dillos]

Nobody talked about ecopayz , In the past I thought to use it ...is a reliable e-wallet?

 

[incrediblestuff]

The silly thing is that Neteller and MB have the same parent company...Paysafe

 

[miso]

The silly thing is that Neteller and MB have the same parent company...Paysafe

Exactly, that makes the fees even more ridiculous. I used to load Neteller with Ukash which had lower fees than Paysafe.

Now I use Paysafe (don't want gambling on my bank account) but get 42 Euro from every 50 Euro voucher. Madness, you'd think they would encourage people funding their E-wallet with their own vouchers, but no they hit Paysafe deposits with the highest fees. Don't get it, at all.

 

[Naok777]

I've always favoured Paypal, the moment it hits your wallet you know that it's effectively in your bank account as the transfers are instant, unlike my experiences with Skrill & co, where it would sometimes take the best part of a day!

Plus you can spend it straight away in tons of online shops with zero extra steps which is the ultimate weapon against playing it back

 

[dave1888]

It's close between Paypal and Neteller.
Neteller having many cons now compared to when I first opened my account. Charges are more steep but the fact you can withdraw cash instantly at some casinos through Neteller...it has to be Neteller.
However if Paypal got to be as fast as Neteller, I'd maybe contemplate closing my Neteller account!

 

[incrediblestuff]

One thing about Paypal though, is that as far as i know only people from the UK (maybe one or two other Countries too) can use it for gambling related transactions, so i don't know where Nikantw is from, but that should be weighed in

 

[Jasminebed]

Nobody talked about ecopayz , In the past I thought to use it ...is a reliable e-wallet?

When Skrill left Canada, I've been using Ecopayz. While fees were higher than Skrill (at that time) they were not too far out of line. 2.9% to deposit to it via credit card, no fee for purchases at merchants, and no fees when money is received. $10CAD for a wire to my bank account.

One of the biggest issues for me in Canada is that they do not offer a CAD credit card, so to withdraw from ATM or shop Canadian sites, I pay foreign exchange fees.

But they do offer a Euro Card, as well as USD and pounds I think. There is an ATM fee, but since many casinos pay nearly instantly to ewallets, you could be down to the ATM and have your money within minutes, although there are some daily limits depending on your status.

Their credit cards are chip cards, and it was accepted absolutely everywhere in Netherlands and Belgium that took credit cards last year.

I've not had any issues with them and have transacted many tens of thousands of dollars at this point.

 

[Naok777]

One thing about Paypal though, is that as far as i know only people from the UK (maybe one or two other Countries too) can use it for gambling related transactions, so i don't know where Nikantw is from, but that should be weighed in

That would explain why it is mostly big UK sites like Sky Vegas, PaddyPower, Bet365 and so on that accept it.

 

[KasinoKing]

That would explain why it is mostly big UK sites like Sky Vegas, PaddyPower, Bet365 and so on that accept it.

It used to be the case that only Bookmaker sites with casinos attached that took PayPal.
But I believe some casino only operators do now as well.
Only in a few countries though.

I use Neteller, Skrill & Eco: I couldn't really say which is best - they all seem pretty equal to me...

KK

 

[paul7388]

Not sure how good all webwallets are as i personally only use Neteller.

Only reason i use Neteller is for foreign based casinos like Guts VS etc and they would get a lot more deposits from me if i used debit card but wont.

Reading all the hassles people have about verifying debit cards all the time and hassles getting paid if you change card etc. stops me from using it. Same as casinos that ask for copies of used paysafecard vouchers.

Absolutely no need or legal requirement to verify every different debit cards you use.

Look at all UK bookies for instance. Deposit by debit card . Once that card expires remove it and add new card. They do not ask you to snd them pictures and say sorry we must send withdrawals back to your old expired card unless you can prove why you no longer have it. Used thousands on UK sites with paysafe and Ukash and they never turn around and say sorry we need proof of the voucher you used 3 months ago.

I would easily just get rid of Neteller all together and stick to debit card if many casinos stopped all the crap about debit cards some of them use.

These days I do not even fund neteller. Only top it up from withdrawals at casinos. Same with Coral i only have Neteller on it and can deposit by paysafe with all withdrawals going to Neteller. Once ive funds in Neteller i either withdraw it in cash or use it to deposit at casinos. Main reason most of my gamblings done at William Hill Ladbrokes etc.

 

[Harry_BKK]

I have used pretty much every payment method that has been available at some point in the last 19 years to fund a casino account: cards, MB, Neteller, Ecopayz, Entropay, ClickandBuy, Giropay, Paysafe Card, PayPal and a few more.

The main difference between Ecopayz and Neteller is the multiple currency accounts EP is allowing you to have. I got EUR, USD and AUD under one account. Neteller asks you do open a different account for each currency (only allowed if minimum Silver VIP) and equip each with a separate card for upload and bank account for withdrawal.

Ecopayz is slightly cheaper than Neteller on the fees. Example is uploading $100, transferring to casino $100, having paid out $100 from the casino and withdrawing the $100 from an ATM
- Ecopayz: $118
- Neteller: $127

I can't use Neteller anymore because of the gambling/non-gambling question. Thai banks do not allow transactions for gambling and the soon I click on it on Neteller it gets transmitted as such to the bank.

However, those not having GBP, USD or EUR as home currency, beware, the Ecopayz MasterCard is available only in those 3 currencies, hence e.g. AUD users will always be charged a currency conversion fee when withdrawing from an ATM.

Neteller allows ATM cards now in SEPA countries only, hence, I had to cut mine a few months ago.

One downside to EP is that you can only charge your account when you are in the country that is on your EP registered address. E.g. mine is still Thailand and I cannot upload my EP account with an Malay IP, got to use VPN to get that done. If you try 3 times with a different IP they block your account until you log-in with a home IP and ask then support to unlock it. However, you can use balances in your EP account with any IP, only the upload is restricted.

Overall, i prefer EP and about 95% of my casino transactions in the past years have been through them, never an issue.

 

[RichyJ75]

Paypal all the way for me. If not accepted, then debit card.

I do have a Skrill account, but that is only used for one casino in USD just once a month, no-one else due to fees, etc.

 

[Jasminebed]

Although Skrill is not available to me anymore for gambling, when it was, there was a loyalty program that gave you points you could redeem for merchandise or cash.

Always a consideration, stuff like that. I was extremely happy with Skrill, thought their fees were very reasonable, although support could be better if you do have an issue.

Neteller has not been available to my country for gambling since I started playing online 8 years ago. But a lot of discussions in the past seemed to indicate fees overall were lower.

 

[Sonict]

As a Canadian, my deposit options are limited so at least having an e-wallet like Ecopayz is great for me. I just wish more casinos embraced this. I would be more willing to deposit and withdraw at casinos. Videoslots has this at least and it just happens to be my main casino of choice because of what I get back from them. SlotsMillion has it going one way (deposits), but not the other way which is a bit of a pain.

I tried to sign up for "Instadebit" and such, but for whatever reason, I can't do it online and I would have to sign up manually. Not worth the effort for me IMO.

 

[SlotGrinder]

I use skrill . Withdrawals to skrill from pokerstars take 5 minutes and theres no fee . Then I can deposit on casinos with no fee . I have a skrill mastercard linked directly to skrill balance which I can use in real life shops or to buy stuff online and again no fee . Theres a charge if I withdraw cash from an atm the same as any credit card . Theres a fee to withdraw to your bank from skrill but I dont find it excessive . So all in all I find the ease of use of an ewallet and the way you can move money around super quick is worth the ocassional fee if you need to get cash or withdraw to your bank .
DON'T ever exchange currencies through skrill like depositing to a casino account in euros from a £ skrill account or you will get screwed . If you get VIP on skrill I think silver you can get multiple accounts in different currencies so that helps