With over 20 years of experience to its name, Neteller betting sites are well known for punters. Neteller has long been regarded as one of the leading e-money transfer service. Despite being operated by British-based company Paysafe Group, Neteller is available in an increasing number of countries, including India.
Betting sites that accept Neteller are very much in demand, with this page outlining the very best bookmakers offering this payment method. So, if you are looking for a quick, convenient and cheap payment option for depositing and withdrawing funds, be sure to keep reading.
Neteller and online sports betting go hand in hand. Neteller has a reputation for being one of the most reliable payment methods available to punters today. In turn, bettors are attracted to Neteller because of its speed and security.
The lack of any significant fees and 24/7 customer support only makes Neteller betting sites all the more appealing, with the payment method being available to use on the majority of our best online bookmakers.
Betting customers in India are legally able to sign up at Neteller and use this payment method to fund their gambling activity. However, it is worth noting that it is not so easy to make withdrawals via Neteller in India. In fact, with Neteller being based in Britain, it may well be that your card provider or bank will block such transactions. In order to explain why this is, it is important to look at the Reserve Bank of India, which has enacted the Liberalised Remittance Scheme. The scheme sets limits in terms of how much Indian’s can move out of the country every 12 months.
However, those banking through the ICICI Bank or Federal Bank in India will potentially not encounter such issues.
Founded in 1999, Neteller is an e-wallet that allows users to deposit funds and pay for good/services online. Also commonly referred to as a digital wallet, Neteller is has developed an excellent reputation for its security and speed, with customers not having to share their bank card details with outlets, including online bookmakers. Neteller never lends it’s customers money, while it is licensed and regulated by the Financial Conduct Authority.
Neteller is now synonymous with the online gambling industry, having first processed payments in this area in July 2000. At one point, Neteller processed payments for around 85% of all online gambling operators. Despite being restricted in many countries, including Hong Kong, Canada and Turkey, India is one of the countries in which Neteller is legal.
Neteller is an e-wallet platform, meaning that users can view their balance, transactions and make payments via the respective website or mobile app. Neteller does not have any physical branches, however it is a payment method accepted by millions of outlets, including on betting sites. Users can add funds to their Neteller account through bank cards and bank transfers, with the majority of payments being processed free of charge. We will outline the different Neteller fees later on.
Payments via Neteller on betting sites mean that punters are never forced to share their bank or card details with their chosen bookmaker. Neteller Mastercard Net+ cards are not available, granting holders instant access to their funds. With such prepaid cards, can be used to make payments online and in person.
Neteller was founded by Optimal Payments Limited in 1999, a company that has since been rebranded as Paysafe Financial Services Limited. Operated by the same company as Skrill and Paysafecard, Neteller now processes over $1 billion each year, making it the largest independent money transfer platform in the world. Neteller is active in over 200 countries, with payments being processed in 20+ different currencies too.
Neteller is also available in 16 languages, with the provider now also facilitating Bitcoin payments. All transactions are processed under the banner of the Financial Conduct Authority (FCA). Neteller is headquartered in the Isle of Man, while also having offices in Canada and New York.
It is not luck that Neteller has got to where it is today. The payment method is now available at the majority of betting sites, with punters taking advantage of it for a number of reasons. Based on our experiences, the following are the main pros of using Neteller to fund your betting activity:
Unlike some other payment methods at betting sites, Neteller can be used to both deposit and withdraw funds. Once you have created a Neteller account, the following step by step guides will help you in uploading money and taking home winnings.
One of the main reasons as to why punters use e-wallets such as Neteller is the fact that they do not have to share their bank or card details with their bookmaker. However, this is not the only way in which Neteller ensures for the safety of betting customers. All personal data is secured thanks to encryption technology, whilst also engaging with the Securecode programs used by Visa and Mastercard.
Meanwhile, with Neteller not being a bank under financial law in the UK, money held in your account is 100% secure.
Before deposits and withdrawals can be processed, users must first create their own personal Neteller account. This can be done in a matter of minutes by following these simple steps:
The fees involved when using Neteller for depositing and withdrawing will depend somewhat on the betting sites selected by punters. However, the majority of leading bookmakers will cover any fees involved. There are still some potential fees to familiarize yourself with though, with the first being that any withdrawals made from your Neteller account using Visa or Mastercard may come with a charge of up to 5%. Meanwhile, withdrawals to your bank may also incur a fee, which is why many have applied for a Net+ Prepaid Mastercard, where such transactions are free.
If you are not completely sold on what Neteller has to offer, there are a host of alternatives available, including e-wallets and more traditional payment methods. For punters based in India, it is the following which we recommend considering further:
In order to help punters get the most out of using Neteller, the following tips have been put in place:
You should not have a much better understanding of Neteller and how it works on betting sites. Offering fast, secure and convenient payments, Neteller is the chosen payment method for thousands of betting customers in India. Available for both deposits and withdrawals, the reputation of Neteller speaks for itself. So, whether you are new to betting or are searching for a more efficient way of transferring funds, be sure to take a closer look at Neteller.
Yes! Neteller has an excellent reputation when it comes to safety. Encryption technology is used to ensure that all customer details remain secure at all times. Meanwhile, the fact that your bank card details are not shared with bookmakers adds another layer of protection.
Yes. New account holders must verify their account via email before it can be used. Meanwhile, each payment must be verified using an authentication code. This also helps to prevent fraudulent activity.
Potentially, yes. The majority of fees are covered by the bookmakers themselves, however punters may incur fees along the way, especially when looking to withdraw funds from their Neteller account to their bank account.
Payments can be declined for a number of reasons. Ensure that you have entered your Neteller account ID correctly, while also ensuring that you have the necessary funds available in your account. If you believe that everything is correct, contact Neteller directly.
Deposits made at betting sites using Neteller are instant, meaning that bets can be placed immediately.
Withdrawals processed via Neteller on betting sites will generally take between 1-5 working days to process. The exact time will differ between bookies.