Neteller is another top quality e-wallet that plays the role of a third party so that you can deposit and withdraw money with them at bookies and different online merchants. You can see some of the best betting sites, who will give you the opportunity to make a deposit using Neteller, in the list below.
List of Neteller Friendly Bookmakers
|Bookmaker||Founded||Jurisdiction||Bonus||Min. Bet||Max. Bet||Grade||Review|
|1999||United Kingdom||£30||£2||No max||
* T&C’s apply. Click on Bet now to view the offer!
If online gambling is forbidden where you live or the bank you are using isn’t supported by the bookmaker, Neteller could be the option that solves your problems. You can connect your personal finance account to it and then easily use it for online gambling. Keep in mind that we are just telling you another option which you can use to bet online.
You can also withdraw money from them into your personal bank account and use the credit card that you receive when making an account to cash out your winnings. These options make Neteller a favorite amongst many punters.
How to use Neteller at Betting Sites
Being one of the biggest names in the money transfer services, Neteller are highly valued in the betting community. You can use them for depositing and withdrawing money, as well as transferring money to other services.
In order to use them, you will have to create a new account at the website. After that, you have to connect your Neteller account with a payment method like a credit or debit card. You can use a MasterCard, Maestro, Visa, Visa Electron or wire transfer. You can also use online banking in most of countries in Europe, including the United Kingdom.
After you have done that, you can use Neteller just like a debit or credit card and gamble online with it. All you have to do is deposit money into your account and if you want to make a withdrawal, just do it through your Neteller account.
Unfortunately, if you live in the United States, you can’t use Neteller because the financial institutions aren’t allowed to process payments from them. The same can be said about people from Indonesia, Thailand, Afghanistan and Malaysia, but all others are welcome to join.
Neteller Online Security
The safety of the information that you give Neteller has always been a priority for the company and they take this issue very seriously.
When you use Neteller, you can be sure that security is going to be on a really high level. Some say that your account there is safer than a debit or a credit card which isn’t far from the truth. One of the advantages is the fact that only one company can access your financial data and you are unlikely to send data over an unencrypted connection which can always be a danger.
All of Neteller’s data is very strictly secured and they cooperate with MasterCard and Visa for the Securecode and Verified by Visa programs. When you make a payment with a card which is processed by one of the two companies, you are required by Neteller to enter a password in order to prevent any attempts at fraud.
You can’t loan money from them because technically they are not a bank and the deposits are kept in another account that aren’t connected to their costs. All of the money that you have in your account or withdraw from the bookies is completely safe.
Neteller was founded in Canada in 1999, but they became more famous after moving to the UK in 2004. Because of the gambling restrictions that are in place in the US, Neteller claimed a big part of the online gambling market and started processing payments for most of the big bookies since 2005.
Due to these restrictions and the fact that the financial institutions in the United States can’t process payments from bookmakers, Neteller capitalized on that and 95% of their revenue came from there.
At the beginning of 2007, Neteller’s founder were arrested by the US law enforcement officials and all of the money that had something to do with the company were frozen, thus forcing them out of their market.
Even though they had some problems there, Neteller still is a legal and safe choice in UK and Europe, so many punters still use their services. The same can’t be said about people from Canada, Macau and Hong Kong who still can’t use the website for online gambling.
Neteller Associated Fees
As most of the big payment processing companies do, Neteller covers all of the deposit fees themselves. These fees depend on the transaction and the service that you are using.
For deposits, it’s mostly from 0% to 2% of the initial deposit. If you live in the UK, you can use a Maestro debit card to fund your account for free. You can also avoid fees by depositing from international and local banks, even though you may be charged from the financial institution that you are using. The standard fee for MasterCard and Visa debit and credit cards is usually around 1.75% of the deposited sum.
Cheque withdrawals and bank transfer cost 7.5 euros, meanwhile if you want to use the Neteller debit card you will have to pay 4 euros. Transferring money to other Neteller users is free of charge.