As virtual sportsbooks have become extremely popular, more and more punters enjoy betting real money on their favorite sports from the comfort of their own homes. In order to be able to make fast and secure payments, many punters are looking for the best online payment methods. Numerous interactive bookies have listed Neteller as one of the payment solutions they support which is a perfect solution for numerous bettors.
Paysafe Financial Services Limited is behind the creation of this payment solution which is a result of the company’s strive to ensure secure and convenient online payments. Available across numerous countries around the world, Neteller is the perfect banking option for many online betting enthusiasts.
Neteller is a digital wallet that will enable many virtual punters to easily handle their deposits and withdrawals at online sportsbooks. Since this service offers plenty of benefits, many punters prefer to use it when they wish to manage their online betting funds. As this is a commonly used payment option, it is very easy to find a trustworthy sportsbook that will accept Neteller payments. In most cases, the service is available for both deposits and withdrawals which further simplifies online payments for virtual punters.
If you have never heard of Neteller and you are not sure how to use the e-wallet at betting sites, you will have no issue grasping the concept of the payment solution. Even though a registration process is required to use Neteller, it takes just a few minutes and all of the steps are easy to follow. Once you have created your digital wallet, it is extremely easy to fund your Neteller account and use it for your online betting adventures.
Registering an Account with Neteller
If you wish to use Neteller to fund your betting balance or cash out your winnings, you will first have to create your e-wallet. The great thing about the registration process is that it will take only a few minutes, it is completely free and it will be extremely easy to follow the steps that will make you a Neteller account holder.
You can join the service by heading to the official website of Neteller and click on the “Join for Free” option, located at the top right corner of the webpage. This will redirect to the registration page which will prompt you to provide your first and last name, your email address and the password which you would like to use for your e-wallet account. Once you confirm that you agree with the terms and conditions of the service, your Neteller account will be ready.
To be able to use your e-wallet at virtual sportsbooks, however, you will also have to fund your Neteller account. This can be easily done via a vast variety of payment options which include other e-wallets, credit/debit cards, cryptocurrencies, bank transfers, instant banking solutions and other easy-to-use payment methods. You can see all of the deposit options which are available to you by loading the “Money In” section of your Neteller account. Once you have funded your e-wallet, you will also be able to verify your account by providing ID proof. By verifying your Neteller account, you will be granted access to some of the advanced features of the service.
Depositing with Neteller
Once you have set up your Neteller wallet, you will be able to use easily top up your betting account at the sportsbook you have chosen. Before you proceed to funding your profile, make sure that the virtual bookmaker is accepting payments via Neteller.
To boost your betting balance via Neteller, you will have to head up to the Cashier page of the website. Select the option for depositing and you will see the payment options which you can utilize. To use your digital wallet, enter the amount you want to deposit and pick Neteller as the solutions you wish to use for your payments. This will redirect you to a page that will ask you to log in to your Neteller account.
In order to log in to your e-wallet account, you will have to provide the email address and password you have used to open your Neteller profile. The next step is to verify the transaction and the payment process will be complete. The good thing about using Neteller for your deposits at betting sites is that your funds will be instantly available at your sportsbook account once you have finished with the payment.
Even if you wish to initiate a Neteller deposit via a sportsbook app or the mobile version of the betting site, the payment process will be the same. As you can see, it requires only a few steps and it takes almost no time to complete a Neteller deposit.
Withdrawing with Neteller
Many virtual bookmakers will also allow their members to use Neteller for their withdrawals or will even require punters to cash out their funds, using the same method they have utilized for their deposits.
The process of withdrawing your winnings via Neteller is similar to the deposit one and it is, yet again, very simple. The first step is to head to the Cashier page and choose the withdrawal option. Enter the amount you wish to cash out and select Neteller from the available payment options.
After you have chosen Neteller as your withdrawal option, you will be redirected to another page which will ask you to log in to your Neteller account. This will require providing your login details that include your email address and password. Once you have gained access to your Neteller account, all you need to do is verify the process and you will be done with the cashout request. Keep in mind that withdrawals are always slower than deposits as there is always a pending period. In most cases, after the virtual sportsbook has approved your withdrawal request, you will receive your money within 24 hours.
Fees Related to Neteller Betting
One of the best things about using Neteller is that it is a budget-friendly solution for online betting enthusiasts. While most of us are used to paying extra for services with higher quality, Neteller is striving to achieve excellence at a very reasonable price.
Whenever you wish to use your e-wallet for funding your online betting, you will first have to upload funds to your Neteller account. Thankfully, there are various ways to deposit money to your e-wallet and you can choose from methods such as credit and debit cards, other e-wallets, bank transfers, instant banking solutions, cryptocurrencies and many more.
There is a fee of 2.5% for uploading funds to your Neteller account and it applies to any payment solution you are using. However, if you make a single deposit of $20,000 (or its currency equivalent) or more, you will not be charged any deposit fees.
When you decide to withdraw money from your Neteller account, you will also have to pay some fees. The surcharges that will be imposed really depend on the payment method that you will use. For bank transfers, the fee is $10 or the equivalent in another currency. Meanwhile, a Member Wire withdrawal will impose surcharges of $12.75. Money transfers also will charge a fee of 1.45% and using a Net+ Prepaid Mastercard might levy a fee of up to 1.75%.
As for the fees that betting sites charge, you will often benefit from free deposits and withdrawals. In some cases, however, betting sites might impose a fee for Neteller withdrawals but it is often lower, compared to other payment solutions.
Benefits of Betting with Neteller
If you are not certain whether Neteller is the best payment option for your online banking, then you can take a look at the advantages that the e-wallet is offering. You can be sure that you can enjoy quite a few benefits if you decide to handle your betting balance via Neteller.
One of the biggest advantages of the e-wallet is that it ensures secure online payments. Thanks to the security measures utilized by the company, bettors can be certain that their sportsbook deposits and withdrawals will always be properly protected. What is more, using Neteller will spare you the inconvenience of providing card or bank account details to the betting site. Naturally, this adds another layer of security to your payments.
Another advantage is the speed of Neteller transactions as the service allows instant deposits at virtual sportsbooks. This allows punters to make bets as soon as they are finished depositing. In addition to that, often withdrawals via Neteller are also processed in a quick manner and might take 24 hours at most.
When you are looking for a trustworthy betting website that accepts Neteller payments, you will have an easy time coming across various proper virtual sportsbooks. As this is a very popular payment solution, especially among online bettors, many interactive bookmakers accept both deposits and withdrawals via Neteller.
While managing their betting funds, bettors are always looking for pocket-friendly solutions. Luckily, payments via Neteller are very cost-efficient as often virtual sportsbooks impose no fees for using the e-wallet or if they do, the surcharges are very reasonable.
Drawbacks of Betting with Neteller
While Neteller is mostly offering advantages, it still has some downfalls which are worth mentioning. While there are numerous virtual sportsbooks that will allow their members to use Neteller as a payment method, there are still some punters who will not be able to use this method due to the country of their residence. Currently, bettors from the United States will not be able to use this service for their sportsbook payments. The service is also limited in countries such as Canada, Hong Kong, Turkey and Macau.
Another issue you might encounter while making payments via Neteller at betting sites is that sometimes the service is not available for withdrawals. This may be very inconvenient for many bettors as it is most convenient to rely on a single solution for both your deposits and withdrawals.
Unfortunately, as there have been many bonus-abusing schemes related to using e-wallets such as Neteller, bettors who use the digital wallet are often excluded from sportsbook promotions. This is quite inconvenient as there are many punters who are looking for offers that will help them along their sports betting journey online. This, however, is not the case with every single online bookmaker and it is always a good idea to check the terms and conditions of bonuses before you claim them.
Still, the benefits of using Neteller at virtual sportsbooks prevail over the negative sides of the service. It is always good to take a look at the available payment solutions you can use at betting sites and see if utilizing Neteller will be beneficial for you.
Regulation and Availability of Neteller
Since the company that is responsible for the service of Neteller is well-known in the fintech field and can be trusted, bettors can be sure that their online betting payments will always be properly conducted. Paysafe Financial Services Limited is the founder of Neteller and it has been an active actor in the fintech sector ever since 1999. The company is based in London and is authorized to provide payment solutions by the Financial Conduct Authority under the 2011 Electronic Money Regulations.
Neteller is widely spread across numerous countries and it allows various punters to use it as a payment solution for their sportsbook deposits and withdrawals. The e-wallet is available in more than 100 countries and you can easily see if Neteller is supported in your country of residence. If you are not sure whether your jurisdiction is among the non-serviced regions, you can check the official website of the service. Currently, the list of restricted territories includes Afghanistan, Benin, Bonaire, Burundi, Central African Republic, Chad, Congo, Crimea, Cuba, Djibouti, Equatorial Guinea, Eritrea, Gabon, Gambia, Guinea, Guinea-Bissau, Guyana, Iran, Iraq, Kazakhstan, Kyrgyzstan, Lao People’s Democratic Republic, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mongolia, Montserrat, Myanmar, Nauru, Niger, Niue, Norfolk Island, North Korea, Palau, Papua New Guinea, Saint Barthelemy, Saint Kitts and Nevis, Saint Martin, Sint Maarten, Sierra Leone, Sudan (North and South), Suriname, Syria, Tajikistan, Timor-Leste, Togo, Turkmenistan, Uzbekistan, Western Sahara, Yemen.
As a way to offer safe payments for its users, Neteller utilizes the latest security measures. This way, online bettors can also feel secure when they make deposits and withdrawals at their preferred betting websites. Without a doubt, one of the biggest advantages of Neteller is the security it provides which is accomplished with the help of different security technologies.
No matter the method you choose to fund your e-wallet, you can be sure that your money will always be safe. Since all of your funds are held in trust accounts, you will always have access to your money and will also be sure that your funds will be properly protected.
All of the sensitive information that you share when funding your e-wallet, withdrawing your money or initiating Neteller payments at online sportsbooks is protected via military-based encryption technology. This is a measure that is taken to prevent any unauthorized third parties from gaining access to your personal details. Your transaction history always remains safe and you can feel safe when handling your betting balance via Neteller.
You can expect smooth, fast and safe payments at virtual sportsbooks if you decide to trust Neteller. This is one of the most popular digital wallets which are widely accepted at numerous online bookies. There are plenty of reasons to choose this method for funding your betting account but the level of security it provides is probably the most important one.
Opening a Neteller account is fast and easy and you can pick from a wide variety of options when you wish to upload funds to your digital wallet. Deposits via Neteller are instant, allowing virtual bettors to make real-money bets any time they wish to. Most online sportsbooks will also allow their members to withdraw their winnings via Neteller which will allow them to enjoy their money in a fast and secure way.