If you have used Neteller before for online payments, then chances are that you already know just how efficient and sharp it is as a payment method. You can use Neteller to pay for goods on a vast number of websites, making it one of the most popular e-Wallets out there. Another great thing about Neteller is that it is widely accepted as a payment method at a number of online betting sites. What betting sites use Neteller? Well, read the review below and we will reveal everything that you need to know about this fantastic payment method.
What Betting Sites Use Neteller?
Top 10 Neteller betting sites:
- paddy power
- william hill
What will you learn on the "Neteller betting site" page?
Why Make Use of Neteller Supported Betting Sites?
Like with most things that you will come across in this life, Neteller has its advantages and disadvantages when it comes to placing bets on sports. Below we will take a moment to have a look at what some of the main advantages and disadvantages of Neteller supported betting sites are so that we can help you to make up your mind as to whether Neteller is the best payment option for you.
So, here are some of the main advantages:
There is complete anonymity: If you go to a bank and apply for a loan and they take a look through all of your transactions and see that you gamble, there is a good chance that you will be refused the loan that you are after. However, when you use a banking option such as Neteller, your transactions are not put on your bank statements, so you will not be advertising to anyone that sees your bank statements that you like to do a bit of gambling (whether that is at a sportsbook or casino).
Easy to get to grips with: When you are depositing cash at a sportsbook to bet on some sports, or withdrawing some of your winnings to treat yourself to something nice, you will obviously want a payment method that is simple to use. Neteller is definitely a banking option that fits into this category. When you are using Neteller you will have no issues when it comes to depositing money into your Neteller account and then into your sports betting site account.
No fees: When you are depositing some money into a sportsbook account or withdrawing winnings from it, you will often not have to pay any fees as the bookmaker will often pay any fees themselves. This is great as it means that if you deposit £20, you will get that full £20 in your account to use on some sports bets. There are some bookies that you will come across that will charge their players a fee when they deposit using Neteller, but these are quite rare. However, there is a fee for depositing money into your Neteller account, but we will talk about this in more detail a bit later on in this review.
Widely accepted by bookmakers: Like with Skrill, you will find that Neteller is widely accepted at most online sports betting sites that you will encounter. This is always good to hear because if you opt to register with a couple of different bookies, then you will be able to withdraw and deposit money from your accounts without having to mess about with different payment methods. At the end of the day, this is something that is very convenient.
We will now have a quick look at some of the disadvantages:
Exempt from Welcome Bonus: When you take a look at the T&Cs that bookmakers attach to their Welcome Bonus then you will often come across a condition that states that those who deposit using Neteller will not be able to claim the bonus. This might seem strange at first when you take into consideration how popular Neteller has become, but there is a reason why many boomakers and other betting sites have this condition. A Welcome Bonus, whether at a casino or a bookie, is something that a customer can only make use of once. However, down the years, there have been a lot of fraudsters who have created multiple accounts to claim multiple bonuses and many have used Neteller for their fraudulent activities. Therefore, sportsbooks and casinos exclude Neteller to protect themselves from fraud. However, there are some UK bookies that have no issues with Neteller first deposits such as Unibet, Coral, and Paddy Power.
Cannot change currency: Once you have created an account and chosen your currency, you cannot then change it at any point. This means that if you move to a different country or go abroad for a long period of time, you will need to create another Neteller account if you want to do some sports betting.
Is Neteller Secure?
If you opt to use Neteller as your main payment method, then you can be certain that all your money is perfectly safe. To start with, you do not need to provide any of your bank details to the betting site you are depositing money at. This means that you only need to trust Neteller, which is something that you can do as they use the latest and best encryption technology available to ensure that none of your personal data or money end up in the hands of criminals. To add to this, if a hacker does manage to get into your account (the odds of this happening are low), if any of your money is stolen, it will be reimbursed by Neteller.
Moreover, for increased security, you will be requested to verify the account. This is to prove that you are exactly who you say you are and, until your account has been verified, you will be subjected to deposit and withdrawal limits. So, how do you go about verifying your account? Well, all is explained in clear detail below.
- Enter your Neteller account and head over to the settings section. We must stress here that you have to have cash in your Neteller account in order to start the verification procedure
- When you are in the verification part, find the “Option 2 Fast” and select it. Then you will be transported to a segment where you will be asked to upload photographs of appropriate documents to confirm your identity. This can be your ID card, driver’s license, or passport.
- You will then have to send a selfie of you clutching a bit of paper that has “Neteller” inscribed on it as well as the date
- Some e-Wallets might ask you to forward them images of documents to verify the address that you gave them, but Neteller (like Skrill and PayPal) uses geolocation technology to do the verification for you
- if you follow the instructions to the letter, you should find that your account is verified pretty quickly (you should not have to wait days). You will receive an email when Neteller has completed your verification process
We know that you might find the verification process to be frustrating, but it really is a necessary step. If there were no verification process in place, then somebody could open an account using your identity and then use the account to carry out fraudulent activity.
What is Neteller?
Neteller was formed back in 1999 in Canada and they moved to the United Kingdom (Isle of Man) in 2004 because they wanted to be closer to their European markets. The company now has offices in places such as Montreal, London, Vienna, and Sofia, which means that they can provide their customers with a great payment experience, wherever they happen to be.
Neteller, like Skrill, is an e-Wallet that gives their users the ability to send and receive money to other Neteller users. This e-Wallet is available in more than two hundred countries and has millions of customers.
How to Open a Neteller Account in the United Kingdom
So, you have decided that you would like to create a Neteller account, but how exactly do you do this? Is it a straightforward process? The answer to this question is yes, and below we’ve explained the process for you.
- Open up the Neteller site on your desktop or mobile device and then select the “Join for Free” option
- You will be taken to a form where you will then be required to input data such as the country you are residing in, your email address, and the currency you want to use. To ensure that you are not subjected to exchange rate fees, we highly suggest that you select the currency that you will be using at the online sportsbook you will be placing bets at
- Click on “Continue” and you’ll be taken to another page where you will have to enter all of your personal details like your name and surname, date of birth, address, gender, and mobile number. Click on “Continue” again after you have entered this data correctly
- The final thing that you have to do is confirm your security question answers. After you have done this, click on “Continue” and you will now have a new Neteller account and can now go and play at a bookie
A screen will pop up that has an Account ID and Secure ID on it. You should write these down somewhere secure as you will need the whenever you want to log into your Neteller account.
Fees & Commission for Using Neteller
When you are making your final decision about which payment method to use, you need to take into account the different fees that apply. With Neteller you will come across deposit and withdrawal fares, exchange fees, and transfers fees. We are now going to take a close look at what these are.
Deposit fees: When you are depositing money at Neteller then you will be subjected to min fees of 2.5%, which is higher than the 1% fee for depositing money at Skrill.
Withdrawal fees: If you are making a withdrawal from your Neteller account to your credit card, then there will be a fee anywhere between E7.50 and E25, which is a sizeable amount in our opinion. If you want to make withdrawals to your bank account, then there is a set fee of E8.
Transfer fees: If you would like to transfer some funds to a different Neteller user then you will have to pay a fee of 1.45%. If you become a Neteller VIP (visit their site for more information on how to become one of those), then there will be no fees to pay. What if you are receiving money from a friend? Well, you will be happy to find out that you will not be charged to receive money, so you will receive the whole total that is sent to you.
Currency conversion: If the money that you send has to be changed into another currency, then there will be a min exchange fee of 3.99%. The is the exact same rate that Skrill charges.
N.B. You have to keep using your Neteller account or there will be a small administrative fee that you have to pay. If your account remains inactive for twelve to fourteen months, then you will be charged 1.80 euro per month.
UK Neteller Betting Sites
Our View about Betting with Neteller
In our view, Neteller is very good for those gamblers who want to send and receive money online. When you need to send cash to someone, Neteller ensures that you can do it with ease. One of the great things about Neteller is that you can use many different payment methods to top up your account. Below, we have provided you with a list of payment methods that they accept:
- Debit card
- Credit card
- Bank Transfer
Another thing that Neteller has going for it is the fact that they have produced an app for Android and iOS devices. However, if you own a mobile device with a different platform, you will have to use the desktop or mobile site for the time being as there is not yet an app for you. The app is very handy as it allows users to check their balance, withdraw money, deposit cash, and make transfers.
However, like with Skrill, one thing that might put you off from creating a Skrill account is the fact that most online sports betting sites accept Neteller as a payment option, but do not allow those who make their first deposit using this payment method to claim the Welcome Bonus offer. There are some sports betting fans who are not too fussed about whether they get to bet using a Welcome Bonus or not, but if you are someone who wants to play with a Welcome Bonus, then we suggest that you use a different payment method or open an account with a bookmaker that offers Neteller users to chance to claim their Welcome Bonus. Such sportsbooks include Unibet, Paddy Power, and Coral.
What You Need to Know About Neteller
Below you can find three questions that gamblers like to ask regularly about Neteller as a payment option.
What Are the Neteller Betting Sites?
Most online betting sites that you will encounter will be happy to accept Neteller as a method of payment, but there are many sportsbooks that do not allow customers that make their first deposit using Neteller to claim the Welcome Bonus. There are a handful of bookies in the United Kingdom that do, and this includes sportsbooks such as Unibet, Coral, and Paddy power.
What is the Advantage of Betting with Neteller?
One of the main advantages of using Neteller to make deposits at a bookmaker or withdraw winnings from a bookmaker is that most bookies accept it as a payment method. Furthermore, it is very easy to use and you can get a new account within five to ten minutes.
Can I Withdraw with Neteller?
You will be ecstatic to hear that you can use Neteller to withdraw money from your sports betting account so long as the bookmaker in question has it listed as one of their accepted payment methods. Withdrawing money that you have won on a bet from your bookmaker account will usually be free. Once you have withdrawn some funds from your bookmaker account, you can then request withdrawals from your Neteller account to your bank or credit card. This will not be free though; there will always be a fee that you have to pay.
Sheldon has a passion for writing and for sports. He is a huge fan of football (Aston Villa), rugby and cricket. As well as watching these sports, he also loves to bet on them. He hopes that the knowledge that he has gained over the years will help you to improve your sports betting experience.