A history of Neteller as an online betting method
In 1999, the year the Euro was established and Napster was established, a company calling itself an 'authorised electronic money institution' was founded in Canada. The company began processing online betting payments, a niche that proved a goldmine; growth was exponential. The company, which would become known as Neteller had stumbled upon the right market at just the right time.
The internet and betting proved to be a perfect match. As punters stopped heading to their local bookies, choosing instead to dial up to their modems and bet online, the demand for a trustworthy dedicated payment service grew. Step forward Neteller.
The early 2000s was the golden era for Neteller. The company soon moved to the Isle of Man in 2004. At this time the company was servicing 85% of the world's gambling merchants.
As the years ticked by more companies, like Skrill, began to fill the market. At the same time countries like Canada, Turkey and Singapore began to restrict their online betting industries. This led to Neteller to diversify its offering, and the company began targeting the retail industry. Despite this, the betting industry remains its largest client base.
What is a Neteller eWallet?
It is exactly what it says on the tin. Neteller is a digital wallet, where you can deposit money, spend money, withdraw money and make secure payments.
When it comes to betting sites, you can use Neteller as a middle man, uploading money into your Neteller wallet from a number of different options, including your local bank. You can then spend money from your Neteller wallet on the betting site.
How to deposit on a betting site using Neteller
Depositing couldn't be easier. You should be able to create an account with Neteller in less than a minute. To do this you need to:
- Enter your email address
- Create a password
- Choose your currency of choice
- Enter your address
Once your account is set up you can go to the betting site you would like to deposit betting funds to. In the payment methods section, you can choose Neteller and sign in to your account.
Neteller will never ask you for your password or Secure ID by phone, by email, Skype or Social networks (Facebook, Twitter, Instagram etc.).
What fees do Neteller charge for depositing funds?
Transferring money from Neteller into your betting account should not incur any fees.
Transferring money into your Neteller account may mean that you incur a small fee as percentage of your transaction we have listed some of the more popular methods you may want to use to transfer funds:
|Company||Fee charged by Neteller|
|Visa||1.9 - 4.95%|
|Visa debit||1.9 - 4.95%|
|Visa Electron||1.9 - 4.95%|
|Local Bank Deposit||0%|
|International Bank Transfer||0%|
Best betting sites that accept Neteller
What is Net+ Prepaid Mastercard
You can apply for a Net+ prepaid debit card after you sign up for an account with Neteller. Most people are approved since this is a prepaid card and not an actual credit card. Once you have your card, you can use it to make purchases anywhere MasterCard is accepted. You may also use it to withdraw around £3,000 per day at ATMs.
Your Net+ card is attached to your Neteller account and you can only spend what you have available in Neteller. This acts as a nice prevention against overspending and it adds a layer of security in case your card is ever stolen.
You can also get a prepaid Net+ virtual card for any amount between £20 and £300. You can use this card online anywhere MasterCard is accepted or give it to anyone as a gift. This card exists only online, so you can send it to anyone that same day.
Betting sites that accept Neteller for your welcome bonus
So, this one of the main drawbacks of using Neteller. At Bookies Bonuses, we know that the majority of experienced bettors will be looking for an incentive - often in the form of a juicy bonus - to sign up with a new betting site.
Unfortunately, many betting sites that accept Neteller as a payment method do not pay out their bonuses if you have used Neteller to deposit your money.
The reason for this is complicated but in short - it's largely down to the fact that the betting industry is now heavily regulated and the betting sites are under a lot of pressure to verify the ID of each customer when it comes to any promotional activity. Betting sites have come under a lot of scrutiny surrounding the terminology used in the marketing of their betting promotions. In the UK, for example, there is an ongoing discussion surrounding the term 'free bets' - some people argue that it can mislead as it implies you are receiving a bet for free without any terms and conditions. This scrutiny has led to the regulatory bodies putting pressure on betting sites and asking them for, among other things, ID verification for any bonus or free bet payments.
This ID verification is especially difficult with Neteller which has meant that many betting sites have done away with the bonuses if you use Neteller but accepting the payment method when it comes to normal bets.
Neteller offers an excellent app that is available on both the Apple App Store and Google Play.
It really gives your Neteller the account the feel of a wallet. You literally have service that allows you to spend, send, receive and withdraw money in your pocket!
Q & A
Is Neteller safe to spend, deposit money and withdraw money with?
Yes, they are perhaps the most tried, tested and trusted online payment methods for betting purposes in the world.
Also as a UK Financial Conduct Authority (FCA) authorised company, NETELLER holds more than 100% of your account balance in trust accounts, which means your money is always there when you need it.
Which betting sites allow me to use Neteller?
A lot. We can't list all of them here. However, most of the major reputable betting sites offer Neteller as a payment method.
You will easily be able to see at the checkout of your selected betting site.
Does Neteller offer customer serivice
Phone: call them on: +44 20 3308 9525
International opening times:
Mon-Sun 8 am - 5 pm GMT
E-mail: you can send them an e-mail from their website.