Neteller Betting Sites & Online Casinos

Neteller is an e-wallet service that allows you to deposit, withdraw, and transfer funds to various online gambling sites securely and safely. Neteller offers 24/7 customer support and is one of the safest online payment systems in the world. It is free to create an account, which can be done via the official Neteller website.

For those customers who have a high turnover, Neteller offers a VIP experience, which includes perks, such as next day pay outs, a loyalty points system, multiple currency accounts, and more. There is also a Net+ Card, which is essentially a pre-paid Master Card.

Neteller is available in 15 different languages, including: Arabic, Danish, German, Greek, English, Spanish, French, Italian, Japanese, Korean, Norwegian, Polish, Portuguese, Russian, Swedish, and Turkish.

Online Gambling Sites That Accept Neteller

How does it work?

The first thing that you will need to do is to register for a Neteller account. You will be asked to load funds up to your account to use and once this has been completed then you are pretty much all set to go.

The next step would be to select the Neteller as your payment method from the bookmaker that you are using. If you have funds already in your account then you simply select the amount you want to deposit and the funds should be ready in your betting account pretty much immediately.

Alternatively, you don’t need to have a funded Neteller to still use the service. If you link up a bank account or Credit Card to your Neteller account then you the program will instantly take funds from that banking method via Neteller to fulfil your payment.

Neteller will appeal to massive demographic of people from someone looking to add in a layer of security for their banking to players who are prohibited from using bank accounts or even credit cards as a payment source to fund their betting accounts.

Using Neteller for online gambling

One of the best things about Neteller is that it can be accessed by players from a ton of countries. In fact, the payment type is only forbidden in Albania, Demark, Cambodia, Canada, Hong Kong, Israel, Laos, Lebanon, Macau, Singapore, Turkey and the US.

Benefits

The biggest benefit for using Neteller, which runs true for pretty much all e-wallets, is the transaction times that it takes to not only deposit your funds, but also withdraw them. If you have made a withdrawal from a bookmaker before back to your bank account then you can expect this to take anything from 2 to 14 working days. Using Neteller it means that you can often get your funds paid back into your Neteller account within a matter of hours.

The times in which it takes to withdraw from your Neteller account back to your bank will vary, but you can get your hands on a Net+ card which is essentially a pre-paid MasterCard that is linked to your Neteller account. You can use this card at any point of sale that accepts MasterCard and also any ATM. So, you could theoretically get your money from the bookmaker within just a few hours and have it in your hand by withdrawing from an ATM.

The use of Neteller also adds in an added layer of security as well. You don’t keep any account information stored with the bookmaker when using Neteller, unlike your bankcard which are kept on record, albeit securely. Every time that you use Neteller to deposit or withdraw you will be promoted to enter your username and password (separate from the bookmaker username and password) before then being required to authenticate the transaction.

Disadvantages

The biggest downsides to using Neteller are the fees that are involved. To deposit funds into your account you can be charged anywhere from 1% - 45% (usually no higher than 7%). Comparing this to the likes of PayPal who charge no fees when using them with a gambling site, really does set back Neteller somewhat.

About

Neteller have been about since 1999 and were first established in Canada before moving to the Isle of Man in 2004 where they currently reside. For many yeas Neteller were widely seen as the biggest and most popular e-wallet for gambling sites with the company reporting that in 2000 it was processing 80% of the world’s online e-wallet transactions. In return, 95% of the company’s revenue was coming from online gaming.

In 2006 Neteller were hit hard by the gambling regulations that came in as part of the UIGEA, which prohibited a huge number of players (mainly the US) from banking with online gambling sites. This was highlighted by a massive fall in revenue from 2006 of $239 to just $61 million in 2010.

In more recent years Neteller have made somewhat of a revival with revenue figures in 2014 stating an increase to just under $90 million, although still have failed to get back to where they once were.

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