Neteller Payment and Withdrawal

There’s such a huge choice of betting available online, that people are always looking for the best and safest ways in which to transfer money in to their accounts.  Whether it be sports books, casino, bingo or games, before you can play, you have to transfer money in to your account and one way of doing so, is by using Neteller.

The Facts

Website: https://www.neteller.com

Neteller was established in 1999 in Canada but has since been moved to the Isle of Man and has been there for over 10 years.  It currently comes under the umbrella of the Paysafe Group Plc and has done so since 2015.

Having been set-up in 1999, it did not take long for Neteller to enter the world of gambling and by July 2000, they were responsible for processing the payments of 80% of the world’s gambling merchants.

It’s free to create an account with Neteller but there are a few steps you need to go through, in order to verify and start using your account.  In most cases, to enjoy full use of your Neteller account, you will need to send a scanned form of ID in an email, such as a passport, to confirm your identity.  This is a good thing and nothing to worry about.

Neteller will then verify your account and you can use it without limitation.

Types of Payment

There’s a variety of ways in which you can deposit funds in to your Neteller account, the majority of which you will be familiar with from shopping and ordering items online.  Some common examples of ways you can deposit money are:

• Visa
• Visa Debit
• Visa Electron
• MasterCard
• Maestro
• Bitcoin
• AstroPay
• Bank Transfer

In most cases, a credit or debit card will be accepted by Neteller.  However, if there is a problem, you have plenty of other options to choose from, such as a bank transfer and these can be completed  directly from banks such as HSBC and Santander.  You need to be aware, that in some cases, Neteller will charge a fee for using specific depositing methods.  This can be up to 20%, so do check on the Neteller website for fees, before making a deposit.

Using Neteller to Bet Online

Despite charging a fee to deposit money in to a Neteller account, there are no fees to transfer funds from a Neteller account in to an online bookmaker, casino or gaming account.  Neteller is accepted by the all the popular bookmakers and online gaming websites.

Essentially, Neteller is an e-wallet and serves as a stopover point between your bank account and the website on which you would like to place your bet.  To fund your betting account, all you have to do is login and locate the area of the website where you usually make your deposit.  There will be a list of options available to you, simply click Neteller and confirm your Neteller account details and the amount of money you would like to deposit.  The funds will be transferred in an instant and you are ready to play.  It’s that simple.

If you have winnings in your betting or gaming account and you would like to transfer it to your Neteller account, the principle is exactly same as above.  Select to make a withdrawal and choose Neteller as the place where you would like the money to be placed.

When moving money from a Neteller account to a bank account, there are fees involved and it’s wise to check on the Neteller website, to see what they are for your region.

To speed up the overall process, you can link your bank account to Neteller.  This will ensure you do not suffer any delays, when transferring money between your bank account, Neteller and online gambling sites.

Pre-paid Card

You can apply for a Net+ pre-paid card and Net+ virtual card on the Neteller website.  There should not be a problem in being accepted but as it’s not a credit card, you will need to have funds in your Neteller account to use it.  It can be a good way to spend the money in your Neteller account and the card can be used anywhere that accepts MasterCard.  Using the card may may incur a fee however, so do check first but there are no annual or monthly charges for having one.

Neteller Advantages

• The Security when using Neteller is good and therefore, it provides a safe option for transferring money between your bank account and online bookmaker or casino.
• Neteller is widely accepted in the online gambling community.
• Deposits and withdrawals are both very quick.
• Transaction limits are set high upon verification, so if you land a big win, you do not have to worry about being able to transfer it to your bank account.
• The pre-paid card is a useful way to spend the money you have won online.
• If you would like to transfer money between betting websites, you can do so using Neteller and not have to move money to and from your bank account.

Neteller Disadvantages

• The registration process can be time consuming and may put some people off from using the service.
• There are fees for using some deposit and withdrawal methods.  These differ between methods used and location, so please check the Neteller website for accurate information.
• Neteller is still not available in some countries, so you may not be able to use the service, depending on where you live.
• You may still be charged a fee for using the Net+ pre-paid card.

Summary

• Accepted by all popular online gambling websites
• Lengthy sign up process and verification, which is required to get full use from the service
• Deposit and withdrawals to and from a bank account and to and from online gambling websites, is fast and easy
• There are fees for using some types of deposit and withdrawal methods
• Net+ pre-paid card available to spend money in your Neteller account but you may be charged for using it