Neteller is our recommended choice of banking option when it comes to handling depositing and withdrawing funds from online bookmakers. When you want to fund your betting account from Neteller, it usually takes less than a minute, and withdrawals are swift as well. And best of all – these are free!
However, funding your Neteller account (from your own bank account) can have large fees attached to it, depending on which method you use, so make sure you are comfortable with that before you deposit money to your account.
After you have funds in place though, Neteller is in the top spot when it comes to handling online betting banking
Neteller originates from Canada, and was created there back in 1999. Since then it has moved and have also been acquired by the Paysafe Group Plc.
Their core focus is being an online ewallet, processing payments online. Most of their work is done for the gambling industry, amounting to over 90% of their revenue and turnover.
Although they may look like a bank, they do not offer loans and other similar bank like services to it’s customers. They online process payments.
WHY USE NETELLER?
Usually the simplest methods of depositing to your preferred betting site is by simply whipping out your credit card and punch in your numbers to deposit money, but depending on which website you use or where you are from this may not always be an option.
That is where getting an ewallet like Neteller is a good alternative for depositing money. While banks in some countries are prohibited from processing transactions to online sportsbooks, all most of them allow deposits to Neteller, which you then in turn can use to transfer to your betting website of choice
HOW TO CREATE A NETELLER ACCOUNT
- Visit Neteller and click the button in the top right named “Join for free”.
- Fill out the signup form and click the “Open account” button at the bottom.
- Write down your Neteller Secure ID that will appear on the next screen and confirm your account in the email you will receive.
- Login to your Neteller account and click the big green button that reads “Money in” to deposit funds.
CONFIRM YOUR EMAIL AND NETELLER SECURE ID
When you have clicked the ‘Open account’ button and come to the next screen you will see some text that say an email has been sent to your email for confirmation (go to your email and click that confirmation link to confirm your account) and also your Neteller Secure ID will be displayed there. Be sure to write it down somewhere and keep it hidden.
That is all that is needed to create the account. You should get an email with your account details. To confirm your account you should call Neteller or they will call you, so make sure you have access to the phone number that you used in the signup process. Also keep all the information you gave at hand as they will ask some questions regarding your account. For video explanation look further down.
FUNDING YOUR NETELLER ACCOUNT
You can transfer funds to your Neteller account using the most popular payment processors like VISA, MasterCard, Bank Transfer and many others. However, there are fees attached to the funding methods, and these vary depending on which you choose. Here is a list of the most popular ones and the fees attached:
Funding Options and associated fees:
VISA – 1.90 – 4.95%
MasterCard – 1.90 – 4.95%
Bitcoin – 1.00%
Bank Transfer – FREE
paysafecard – 7.00%