Neteller is an electronic wallet that became synonymous with online betting and gambling transactions across the years. Launched in 1999 in Canada, Neteller is one of the oldest online payment methods created with the purpose of online gambling. The instant processing, lack of fees and flexible deposit limits made Neteller a hit among punters looking for a fast and secure deposit and withdrawal method. It also offers the perfect alternatives for markets where card transactions are restricted for various reasons.
Similar to Skrill in many aspects, the two world-leading online sports betting ewallets are actually owned by the same company and cover a huge portion of all transactions to and from bookmakers. No matter if you already used Neteller and wish to find out more about bookmakers that offers bonuses for deposits made with this method, or you want to learn everything there is about using Neteller, the following sections will uncover it all.
Despite being an extremely popular payment option among punters, most bookmakers won’t issue the first deposit bonus for a deposit with Neteller. You will find Neteller available in the cashiers of the vast majority of sports betting sites, however, if you’re after the welcome bonus, you should deposit with a different method. If you’re wondering why such a popular payment method doesn’t grant punters access to the first deposit bonus, you have all the reasons to do so. And this bonus restriction has nothing to do with the quality of the payment option or anything in that area. Instead, it is a drawback generated by the ease with which one can set up a Neteller account and add funds to it for an online deposit. It’s this ease of access that makes bookmakers weary when it comes to issuing welcome bonuses on Neteller deposits. The bookies can’t perform a thorough identity check for deposits via Neteller so, to discourage the use of fraudulent accounts or fake information, they simply do not add the bonus.
You can rest assured knowing that there are no other restrictions for Neteller deposits at online bookmakers. Once your first deposit goes through and the Know Your Customer process is completed by the sportsbook, you will be able to claim any promotions and bonuses that are available to you.
Making a deposit with Neteller is a piece of cake even if it’s your first time trying out this payment option. We’ll cover the steps of making a deposit via Neteller at the online bookmaker of choice considering that you’ve already created an account with both the bookmaker and Neteller. We’ll also cover the topic of creating a new Neteller account in the following paragraphs. So, once you’ve chosen the best online bookmaker for you, here’s what you need to do to make a Neteller deposit:
Seeing how easy it is to deposit using Neteller, you probably can’t wait to use this payment method at your favorite online bookmaker. And the good news keep on coming. Because, on top of facilitating instant payment towards online sportsbooks, Neteller is also one of the fastest methods you can turn to for fast withdrawals. So, after you placed your bets and trusted your instincts to get that big win, it’s time to take out your funds and enjoy the success. Once again, the process is as smooth as it can get thanks to the simplicity that Neteller brings. The procedure is almost identical to the one described above for making a deposit, with the only difference being that you will need to look for the “Withdrawal” button.
When cashing out your funds with Neteller you won’t have to worry about fees or any hidden taxes whatsoever. The payment option doesn’t apply a commission for taking the funds out of your online bookmaker account. In case you do see a fee stipulated in the Cashier page of the sportsbook, that’s 100% something added by the bookie. On this page, you can find a list of bookmakers that deliver exceptional services and do not apply any fees for withdrawals or deposits. The withdrawal processing time with Neteller is one of the best you can hope for. Transactions are usually processed instantly after the withdrawal is approved by the bookmaker. In some cases, you can wait up to 2 or 4 hours, while the maximum waiting time for a Neteller withdrawal is 12 hours.
We’ve promised to cover the process of creating a Neteller account and here it is. You can do so from a computer, laptop, tablet or smartphone and these are the steps to follow:
Your Neteller account is now created, however, you still need to check your email for the Account ID and Secure ID details that you will use each time you make a deposit at an online bookmaker.
After creating your Neteller account, it is recommended you also verify it so that you increase its security and also enjoy all the features. The account can be used as soon as you open it, however, there are certain limits when it comes to adding funds that can only be removed through complete verification. Here’s how you can verify your Neteller account and unlock all the functionality it offers:
Once you complete all these steps, you’ll be taken to a Summary page where the status of each part of the verification process is displayed. The entire verification procedure doesn’t take very long and once your account is fully verified you will also be able to request a Net+ Prepaid Mastercard. Available to EEA residents, this card is directly linked to your Neteller account and it facilitates cash withdrawals and POS payments all around the world. On top of the prepaid MasterCard, you can create unlimited virtual prepaid cards ( the first one is free and every new card will come with a fee of €2.50 ) for various online payments.
Neteller is very transparent when it comes to the fees it applies to various operations. We would to once again underline that the ewallet does not apply any fees for the process of depositing or withdrawing funds with your online bookmaker. The only fees we can talk about are the ones for uploading funds to Neteller or requesting a withdrawal from the ewallet to another payment method.
Being one of the first ewallets to cater for punters looking for a valid payment option for their online sportsbook accounts, Neteller has enjoyed a warm welcome ever since 1999 when it was created. Despite being launched in Canada, as of 2007 Neteller is no longer available for Canadians that wish to use it for online betting or gambling. Even though Canadian punters can’t use Neteller, the ewallet has spread all across the globe and is one of the most frequently used payment methods in markets like Sweden, Finland, Norway, Germany or Switzerland. Many other European countries register a high usage of Neteller for online betting, however, the ewallet doesn’t dominate the market as in the above-mentioned territories.