How to Use Neteller to Bet

netellerThe Neteller brand sprang to life at the end of the ‘90s, starting out in Canada and then moving across the sea five years later. It operates as an e-wallet, providing electronic money transfers to people around the world. Throughout the years, Neteller has also built itself up as being one of the favourite methods for people to deposit and withdraw through at online gambling sites.

If you’re new to this e-wallet, then we’ve got some guidance which may be of interest. Here, we’ll give you insight into how to make deposits and withdrawals online using Neteller. Not only that, but we’ve got a selection of reasons why this payment method is beneficial to bettors for you to read through. Before any of that, we’re going to find out more about the company itself.

What Is Neteller?

canadian flagNeteller was founded in 1999, basing itself out of Canada. It then shifted its focus and moved operations overseas to the Isle of Man in 2004. Today, it is owned and operated by the British global payments company known as Paysafe Group.

That takeover came around in 2015, when Optimal Payments Plc (which now goes by the Paysafe name) finalised a transformational transaction by acquiring the Skrill Group. At the time, this brand served as one of Europe’s largest payments systems for the online world. Prior to this, Skrill had purchased Paysafecard, a prepaid payment method basing itself out of Austria.

With the purchase of Skrill by Paysafe, all three of those companies (Neteller, Skrill and Paysafecard) came under one single parent company in Paysafe Group. Yet many years before these acquisitions, Neteller was operational in the gambling world.

The e-wallet service began processing online gambling payments in July of 2000, less than one year after it was founded. It didn’t take long for it to become a popular option for many gamblers, and soon enough, Neteller was processing payments for about 85% of the world’s gambling merchants. In fact, 95% of the profits Neteller attained at that time came from fund transfers to online gaming companies.

Most of those profits came from the U.S. market, although Neteller exited the country in 2007. It was then that the company looked to diversify itself. It maintained certain connections to U.S. businesses throughout, but finally left the country altogether in 2019.

Even though legal issues exist surrounding online gambling in various countries that Neteller serves, it maintains a high level of activity within the scene.

Making Deposits and Withdrawals at Online Sportsbooks with Neteller

ewallet Deposit

Should you wish to make use of Neteller for your online betting transactions, then there is a simple process to doing this. You’ll first need to open an online account with the Neteller brand, which is done through the official website. There, you navigate to the registration form by clicking on the green ‘Join Now’ button in the top-right corner. This starts the process of signing up, and from there, you need to go through these steps:

  1. Add your information into the registration form and create a password for your account.
  2. Select a payment method to add funds to your Neteller account through, noting any fees.
  3. Upload identity documents to confirm yourself and your address (and raise your limits).

It’s as simple as that to create your Neteller account and add funds to it. You can then use those funds to deposit at your favoured online sportsbook(s). Of course, you need to ensure that the site supports transactions through this banking method first. If it does, then you can transfer money from the e-wallet in the following way:

  1. Sign up for an account at the online sportsbook if you haven’t already done so.
  2. Go to the cashier page and select Neteller as your preferred payment method.
  3. Enter an amount you would like to deposit into your betting account.
  4. You will be transferred to the Neteller login, where you should enter your details.
  5. Confirm the deposit and the funds will transfer across straight away.

There is a similar process in place to go through whenever you’re ready to make a withdrawal. Once again, you should go to the cashier page and then select the ‘Withdraw’ tab. Then, choose Neteller as your preferred banking method. Input the amount you want to take out and, if your Neteller details haven’t been saved, enter them again. Confirm the amount and then submit the withdrawal request.

In most cases, withdrawals at legitimate online sportsbooks should be processed within 24-48 hours. Funds should then show up in your e-wallet account swiftly, usually not taking longer than another 24 hours, but often appearing instantly.

Advantages of Using Neteller for Online Betting

word advantages written on stacked wooden blocksLike all payment methods, there are certain benefits that come with utilising Neteller for your transactions at sportsbooks. Not only is it a long-running and well-established company, but you’ll find it to be an ideal option because of the following advantages:

  • Safety & Security – Using an e-wallet like Neteller gives you an extra level of protection. Not only does it have a distinguished level of security in place, but it works with some of the very best online sportsbooks in the world.
  • Anonymity – You don’t have to submit any of your banking details to the sportsbook or casino when you deposit with Neteller. This means your transactions are anonymous, adding an extra layer of security.
  • Speed of Transactions – Whenever you deposit with this payment method, your funds will transfer straight away, allowing you to start betting as soon as possible. Withdrawals will take a bit longer, due to the operators’ processing times. Yet after that time, Neteller withdrawals are some of the speediest around.
  • Free Transactions – You will find that in most cases, there will be no fees for depositing and withdrawing to and from your online sports betting account. The only time fees come into play is when you upload funds to the e-wallet via one of the supported payment methods.
  • Accepted at Many Sportsbooks – Such is the popularity of Neteller that is it accepted as a payment method at many sportsbooks and casinos. Thus, you won’t have trouble locating a good-quality platform as a Neteller user.