Neteller is a popular and convenient e-wallet
Sports gamblers who aren’t keen on using their credit card or bank account information at online wagering sites are increasingly turning to e-wallets in order to facilitate their transactions.
Among the many services out there, Neteller is one of the most well-known, a tried-and-true method that allows bettors to not only make deposits but withdraw funds and manage their money. We’re sure you still have questions. Which is good. Because we have answers, including how and where you can use Neteller
What we like about Neteller betting:
There is technically no such thing as a universal deposit and withdrawal method. However, Neteller comes pretty close to being one.
Pretty much every online gambling site worth their salt will accept e-wallets, which also means pretty much every sportsbook takes Neteller. They are one of the three biggest and most widely used services, joining Skriller and PayPal. It is actually harder for you to find sites that don’t take Neteller.
We’ll get into the near-universal usage of Neteller a little bit more in just a second, but what’s most important to remember now is that we’re not talking strictly deposits. Whereas credit cards can often be one-way tools, as they’re predominantly a means of depositing money into sports gambling accounts, Neteller works both ways.
You can also withdraw your funds using your account, so you’ll never have to worry about inputting bank information at your sportsbook or waiting for a courier check to arrive.
Creating a Neteller account is easy. You just need to head to their website, follow the informational prompts and set up a method to fund your account. Most convenient of all, you don’t even need to enter bank information here, either. They’re able to accept deposits by way of credit cards—transactions on which they will not charge a fee.
When you’re all set up at Neteller and want to make a deposit into your sportsbook account, there’s nothing special you’ll need to do. You treat Neteller just as you would a bank account or, if you’ve signed up for a card, any other credit card.
One thing to note: If you’re using a Neteller card to make deposits, be prepared to pay fees at certain sportsbooks. Many hit you with a surcharge for processing credit and debit cards. We recommend sticking with your raw Neteller account information, as most online bookies will push those transactions through without charging you anything extra.
Since Neteller is accepted nearly everywhere, it’s more important you find the best sportsbooks at which to use it. Here are our top five:
Though most sportsbooks will not charge you a fee for making deposits and withdrawals with Neteller, the company itself has surcharges attached to each side of the transaction. This will be a deal-breaker for some, but these fees aren’t all that extensive. Neteller charges a 1.45% fee on most purchases (or deposits) and then a flat $10 fee for processing all withdrawals. Both are reasonable rates.
On top of this, though, you may be subject to fees on your initial Neteller deposits. It depends on what type of payment method you’re using—and by the way, they accept a bunch—but they can charge as much as 2.5 percent when you fund your account.
As previously stated, you can be subject to more charges if you’re using a Neteller card. Sportsbooks treat that like a debit or credit card and will then, in many cases, assess a processing fee of anywhere between 2 and 6 percent. If you can, we strongly endorse treating Neteller like only an e-wallet, so you can avoid those added costs.
Two things should top your wish list when shopping around for a new online sportsbook with plans to use Neteller as your primary deposit and withdrawal method: sign-up bonuses and processing times.
Deposit bonuses are key for any payment method that, at times, demand you pay an extra fee. You’re going to have to foot a 1.45 percent bill on Neteller deposits and pay a flat fee of $10 on withdrawals. Aim to make this money back. Sites that offer 100 percent deposit matches on high-limit transactions are always great, but because the fees associated with Neteller are so small, you’re free to simply find sportsbooks offering bonuses as small as $25.
Now, as for processing times, you should look for sites that pledge to get you your money fast. Bank transfers and e-wallet transactions can take anywhere from one to seven days to process. Your goal should be to land at a sportsbook that’s on the lower end of that spectrum. Again: You’re going to pay to get your money. You might as well receive it quickly.
Neteller transactions are highly secure at sportsbooks. Gambling sites need extra layers of protection to begin with because they’re processing so many transactions and so much money on a daily basis. But you’re extra protected when using Neteller because you’re not directly inputting any of your bank account or personal credit and debit card information. It’s all third party stuff, so even if customer information is leaked, you won’t have all that much to worry about.
Enjoy Zero Fees at Sportsbooks
Neteller charging a fee on both deposits and withdrawals is a bummer, but they’re small. Also, it’s easier paying them when you don’t have to suck up surcharges from sportsbooks. Most process Neteller deposits and withdrawals sans any fees.
Never Get Frozen Out of Sportsbooks
Try finding a sportsbook that doesn’t take Neteller. We dare you. It’s not impossible, but it’ll consume a ton of time. Most sites accept it as a valid deposit and withdrawal method, which means you can focus on more important factors—like deposit bonuses—when perusing online sportsbooks.
Withdrawal Times Will Vary
On the bright side, Neteller can be used as both a deposit and withdrawal method at essentially every online bookie. On the not-so-bright side, it’s difficult to pin down processing times on withdrawals. In most instances, it shouldn’t take longer than one to three days for you to receive your money. Unfortunately, that wait time can vary by sportsbook.