Once upon a time, it may have been an easy task picking a Neteller betting site. But now, thanks to its vast increase in popularity, customers are spoilt for choice, which can make choosing the best Neteller betting site incredibly hard – and that’s where we come in.
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Neteller is a widely accepted payment method at UK online bookmakers, so our team of experts have spent countless hours sifting the best from the worst so you have a better idea of which ones to go for. This article will look at more than just Neteller betting sites, as we take a look at what Neteller is and some of the benefits and downsides it offers as a payment option.
Best Neteller Betting Sites
As we have already mentioned, there is a number of betting sites that accept Neteller as a valid payment method and below we have made your life easier by using our professional opinion to help select the top Neteller online betting sites. It doesn’t matter which one you decide to go for, as each and everyone will offer instant deposit times and speedy withdrawals too.
You may already know of Betfair, as they have played a huge role in the sports betting world, with them being the first platform to open a betting exchange platform online. It is in Betfair’s nature to come up with new ways of improving the customers time on their platform, and that’s why they jumped at the opportunity to offer Neteller as a payment method.
Betfair is a highly regarded bookmaker in the UK, and it has earned this reputation thanks to its ability to think outside the box. Whether that was to open a betting exchange or to allow the use of e-wallets, like Neteller when claiming welcome offers, new customers at Betfair can receive up to £100 in free bets. However, be sure to check the terms and conditions as these will stipulate important information regarding qualifying bets, wagering requirements, capped bonus winnings, expiry times, deposit codes, deposit limits, real money conversion and payment restrictions.
Betfred is one of the top online bookmakers available to UK customers who are always looking to improve its environment for players and their customer base. The traditional sportsbook that Betfred offers is incredibly expansive, with it offering betting markets on all the most popular sports and some niche events. The Betfred horse racing odds are the most particularly impressive sportsbook markets.
Neteller is a widely accepted payment method across the Betfred platform, and it is even accepted when used to claim the available sign-up offers. This is great news, as Betfred offers a very welcoming sign-up offer.
Unibet is one of the top names amongst UK bookmakers right now, and of course, they accept Neteller as one of their valid online payment methods. However, you will also find a bunch of alternative payment methods. The live stream options you can find available at Unibet are factors that set it above many competitions in the online gambling industry.
When making deposits at Unibet using Neteller, you will find a minimum deposit amount of £10 set, while the maximum deposit limits are bound to £10,000. So there is no need to worry about incurring any unexpected fees when using Neteller on Unibet, and of course, you get to make the most of the instant deposits and withdrawals.
What Is Neteller?
Neteller is one of the top ewallets you can find accepted amongst UK bookmakers right now, falling second place only to the powerhouses, PayPal. E-wallets are essentially online storage for money, where customers can fund their accounts by linking them to their personal bank accounts.
One of the upsides to Neteller is certainly the cash withdrawals. Once you put in that withdrawal request, there is no need to be waiting around for countless hours.
s as Neteller withdrawals are very quick in comparison to other withdrawal methods.
One of the upsides to using Neteller and other e-wallets is the fact that customers do not have to enter their bank details when making transactions, adding a layer of security.
Like most e-wallets options, Neteller is quickly becoming an incredibly popular way to make payments at online bookmakers and we take a look at why below.
History Of Neteller
Neteller was first founded in 1999, in Canada by its parent company Paysafe Group. Despite being launched in Canada, it did not take long for Neteller’s headquarter to move from Northern Hemisphere and set up base in the United Kingdom. Safety and security is never something that is a worry to Neteller customers, as they are licensed and authorised by the Financial Conduct Authority.
It only took Neteller a single year since being founded for them to begin processing payments in the gambling industry, but the most impressive part came in 2004 where they were handling a total of 80% of payments for gambling operators.
Neteller’s US customers had their funds frozen in 2007, due to the country having new laws brought in that made online gambling illegal. This was a big hit for Neteller, as by this point a huge sum of 95% of their total revenue was being generated by US customers.
It took Neteller many years to try and replicate the revenue they were bringing in from its US customers and despite many slow years they have finally managed to gain the reputation of one of the leading e-wallets in the industry.
Neteller Sign-up Bonuses & Welcome Offers
One of the biggest downfalls of Neteller and e-wallets, in general, is the fact that many online betting sites and gaming sites do not accept it as an eligible deposit method when attempting to claim welcome offers/sign-up bonuses. Not only will the customer be unable to claim the promotion, but once attempted it will leave them completely ineligible to claim the promotion again. These restrictions are in place due to the previous cases online sites encountered where customers were duplicating accounts and claiming multiple welcome offers.
Now, e-wallets like Neteller, Skrill and PayPal are not accepted as deposit methods when claiming various sign-up offers. However, there remains a few that have stood by their guns and continue to accept customers making initial deposits using Neteller and other e-wallets.
If you are a customer who intends on using Neteller as your primary payment method but wants to be able to claim the available welcome offer. Then, we advise finding an online bookmaker that accepts e-wallets deposits(eg, Betfred) or using another payment method to set up and claim the sign-up offer before switching to an e-wallet. You should know that there are other e-wallets like EcoPayz, which is usually accepted as a deposit method, as well as Prepaid cards like Paysafecard which can also be used.
Registering A Neteller Account
Like most e-wallets, Neteller offers a simple process when it comes to creating an account. It is free and easy giving you little reason not to give it a go and register for yourself.
- First of all, you will need to head to the Neteller website and click ‘Join for Free’.
- Then, you will be transferred to the sign-up page from where you will be asked to fill in various personal information. This includes; first name, last name, proof of address, email address and password.
- After this, you will be asked to confirm your details which are done by verifying the details by an email sent to you from Neteller. The email will also include a Neteller ID which you should keep a note of.
- By now, you have created a Neteller account and are ready to add a bank account to begin funding your account.
How To Use Neteller To Deposit At Betting Sites
Now that you have registered an account with Neteller, you are one step closer to finally making a deposit. But just before you are able to do that, you will need to fund your account. Adding funds into your Neteller account is incredibly easy, as they accepted around 60 different payment options and charge just 2.5% per transaction.
Whether it is debit cards, bank transfers, Mastercard, other e-wallet services, digital wallets and pretty much any other forms of payment(excluding credit cards) they can all be used to add funds to your Neteller account.
Once you have used a payment method to add funds to your account, it will never automatically access those funds to make additional payments as they only have access to the funds loaded into the account.
The Advantages & Disadvantages of Using Neteller
Like with anything in this world, there are always advantages and disadvantages. Below is where we take a look at all the pros and cons that comes with using Neteller as a payment option at online gambling sites.
- Safe and secure
One of the best sides to using this e-wallet is the fact that it offers its customers an extra layer of protection that is not usually given when making transactions using other payment methods. With there being no need to enter bank details, there is no chance that third parties and hackers can get a hold of them. Transactions appear as e-wallet on bank statements.
- Customers can keep track of their spending
By using this online payment service solely as your personal gambling account, you can quickly see how much you are spending on bets by visiting the transactions section. This is very handy for customers with multiple online betting accounts.
- Accepted by the vast majority of sports betting sites
Neteller is now widely accepted by the majority of betting platforms, giving customers a huge selection of options when it comes to picking their preferred casino and/or sportsbook.
Not only this, but more and more platforms in the sports betting industry are accepting Neteller as a valid choice of payment when making deposits to claim sign-up offers.
- Instant money transfers
Whether you are looking to make a deposit or withdrawal, most of the time with Neteller they are completed instantly! There is nothing worse than landing a big win in the online casino or that huge accumulator and you have to wait the pesky five business days for your debit card withdrawal to process. Well, join up to this e-wallet and you will no longer have to sit around waiting for your winnings.
- Deposits are not eligible for various promotional offers
Although it is widely accepted across a range of betting platforms. There still remains plenty of online gambling companies that are yet to accept it as a valid qualifying deposit method when attempting to claim various bonuses, like welcome offers. Because of this, many punters stick to using traditional payment methods.
- Transaction fees
One of the downsides to all e-wallets for that matter are the transaction fees that arrive with them. Neteller charges 2.5% on all transactions.
Neteller Country Restrictions
Since gambling is a sensitive area in may countries, Neteller can not be used as a means to gamble in various places. The e-wallets services are accepted in over 200 countries, but the ones below are all the countries in which does not accept Neteller at all or for gambling. So, if any of the countries from the list below is your country of residence, you will have to find another payment option.
- Hong Kong
Alternatives To Using Neteller
While Neteller may be incredibly popular, it is not going to be everyone’s cup of tea. Fortunately enough, there are a number of alternative online payment systems and secure payment methods available to choose from.
One of the newest additions you can find available at most online betting platforms these days is the Apple Pay option. Launched in 2014 by Apple, Apple Pay is a digital wallet that is available to all Apple iPhone, iPad and iWatch users. Apple Pay is an incredibly convenient form of payment as deposits can be made instantly, while transactions are verified by a fingerprint or a personal code.
Founded in 2000, EcoPayz is one of the many e-wallet options you can find accepted by a range of UK bookmakers. EcoPayz offers a good alternative to the like of Skrill, PayPal and Neteller offering a unique EcoPayz Mastercard. EcoPayz is regulated and licensed by the Financial Conduct Authority.
One that I’m sure you have all heard of goes by the name PayPal. PayPal is an e-wallet that was launched way back in 1998, but it is not just any old e-wallet as it sits as the leading online payment system that is currently available. Safety and security are two factors you do not have to worry about with PayPal, thanks to them being fully licensed and regulated by the Financial Conduct Authority. Customers can quickly register an account with PayPal, with the process taking just a couple of minutes to complete and from there they can begin adding bank accounts so they have access to funds.
Skrill is another e-wallet that is owned by the Paysafe Group which originally entered the scene in 2001, under the name Moneybookers. Like PayPal, Skrill is properly regulated and licensed by the Financial Conduct Authority, so there is no need to question the security of this platform. Despite being in PayPal’s shadow, Skrill is very popular amongst punters and is recognised by most UK bookies. To help promote their brand, Skrill has worked with Italian football giants, AC Milan representing them as their official payment partner.
Visa, Mastercard & Maestro
Visa, Mastercard and Maestro are three of the most popular debit card options you will find available as UK customers. All three options are accepted at most UK online betting sites. Accounts set-up with either of these three options is considered ‘personal accounts’ where customers have registered accounts with the respective bank. Punters can then fund their bets using whatever money they have in their personal accounts. Setting up a bank account is not the simplest of processes as you will need to arrange meetings with your local financial institutions(Banks), but it is probably likely that you already have a bank account set-up as they are a requirement in day-to-day life.
Frequently Asked Questions
Do Online Casinos Accept Neteller?
Yes, just like sports betting sites you can find many online casinos that accept Neteller as a payment option. However, many casino bonuses will also be unable to be claimed when using Neteller to make deposits.
Are All Bonus Types Ineligible for Neteller Deposits?
No, there are some bonus types that will be available to be claimed when using Neteller to make the qualifying deposit.
Does Neteller Accept Deposits from All Banks?
While Neteller accepts close to 60 different payment methods when adding funds to your account, not all banks will be accepted. However, all major bank cards are accepted.
Does Neteller Require Your Bank Details when Making Transactions?
While Neteller does not require your bank details/card details when making transactions, customers will need to enter them when adding cash to their Neteller account.
Nobody wants to be paying money to receive their money. However, unfortunately, this is the case when using e-wallets like this one. Although there are some instances where Neteller customers can make the most of free funding, like when using bank transfers and wire transfers(excluding faster bank transfer – 1.5% fee) the majority of the time they will encounter small fees.
The fees for deposits can range anywhere from 0.5% all the way up to 20% and you can see the full details on these from the Neteller homepage. Typical deposit options, like banks debit cards will encounter fees ranging from 1.95% to 4.95%.
While the majority of bookmakers will not charge for using Neteller itself, this does not apply to all. Withdrawal times may be quick when using Neteller but they come at a fixed price which once again varies between payment options. Be sure to check all the withdrawal fees and withdrawal restrictions on the Neteller homepage.