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Betting School

Neteller betting guide

Neteller Betting Guide

When you start gambling online, the key question is to select a deposit method that works for you and meets your needs. You can find below all details for using Neteller, which has been around since 1999. Neteller enjoys its status as a widely used online payment method at online casinos. The level of anonymity offered by the e-wallet is a point in its favour allowing players to avoid anything they would rather not disclose to their banks. Neteller is regulated by the Financial Conduct Authority of the United Kingdom. It is owned by Paysafe Group.

How to deposit with Neteller

Check if your bookmaker accepts transactions with Neteller. Find the deposit options on the bookie’s page and make the deposit. Neteller may charge you bank transfer fees between 3% – 7% depending on the amount you spend. If you use credit cards for transactions, they may charge you around 2,5%.

How to make withdrawals with Neteller

Make sure that your bookie has the Neteller option. Fill in the withdrawal form and press the button. Your account is settled. For bank transfers, Neteller charges 7 pounds. For money transfers charges start from 1,75% to a maximum of 10 USD. Credit cards do not offer withdrawals, but if you are a member of each VIP programme, Neteller drops these charges.

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Average time for deposits and withdrawals with Neteller

Many gamblers use Neteller because it provides a swift service and offers a method of easy access and convenience. It’s a method of secure global money transfers. As Neteller is one of the most trusted online payment systems in the world, it is easy to transfer money to more than 180 countries across the globe.

You can also easily spend money on the world’s leading betting and gambling sites. You may withdraw money directly to your bank account and access funds at ATM machines globally.
When it comes to processing times, all Neteller deposits are usually instant. This means that once you deposit funds from your Neteller account to your online casino account, you’ll have the green light to start playing your favourite games for real money. Withdrawals may take up to 24 hours (or slightly longer in the case of first-time withdrawals that are subject to verification processes). However, all the relevant information should be available to you in the site’s payments policy. Withdrawal time may vary according to each online casino’s policy, from 48 to 72 hours.

Neteller verification requirements

The only official available application for use with your Neteller account is Apple App Store or the Google Play Store. Once you have downloaded the application simply log in and navigate to the section you wish to use. If you do not have an account, you have to register. Install it on your smartphone so you can easily transact and have a look on your funds where ever you go. Using the verification section, follow the instructions and give the documentation and verifying details like proof of address, bank account etc. If you do not have access to your mobile phone, you need to contact Neteller customer support.

Important facts relating to payment methods

Neteller offers all the main EU currencies, plus Russian and American ones. Other options may apply according to your country of residence. Have in mind that Neteller does not accept personal checks or money orders. The most popular deposit method available worldwide is a debit-credit card. Is the quickest way to top up your account and choose to use the funds for betting purposes. If you do not have a credit card, use a Paysafecash with a barcode. Otherwise use local providers. Bank transfers are commonly used methods convenient for large amounts. Rapid transfers are secure and quick. It allows you to deposit instantly from your bank account to your wallet.

The pros and cons of using Neteller

There is no fee for opening a Neteller account and you can start sending and receiving funds immediately. You can close the account whenever you wish, without any charge. Money received from gambling merchants can be used for any type of transaction. Funds that you receive from a friend or family member through Neteller, those money transfers can be used for any transaction including betting, casino etc.

As far as cons are concerned, money that is not designated for gambling, cannot be used with bookies or gambling sites. The United Kingdom issued credit-cards cannot be used for betting or gambling.

As Neteller money transfers are final and no way can be recalled back to the payer, make sure that you send them to people you know and trust.

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