Neteller Betting Sites

If you have already used Neteller for making an online payment, then you probably already know how great a payment method it is. One reason why it is so popular is that the best online sports betting sites accept it now. In this review, we will reveal all you should know about this payment method as well as what the best Neteller betting sites are.

What is Neteller?

Neteller was formed in Canada in 1999, and they moved to the UK five years later as their CEO wanted to be closer to all of their European markets. The company has since expanded and they now have offices in cities such as London, Montreal, Sofia, and Vienna. This expansion means that they can now offer their users a very good payment experience, wherever they are. Neteller, just like Skrill, is a type of e-Wallet that gives their customers the opportunity to send and receive cash from other users. It is available in over 200 countries and now has millions of users.

Why Use a Neteller Betting Site?

When it comes to making sports bets, Neteller, like everything on this planet of ours, has some advantages and disadvantages. Below we are going to take the time to have at look at the key advantages and disadvantages of using Neteller supported betting sites so that you can get a clear idea as to whether this is the payment option that is going to suit you the best.

Advantages

Here are some of the key advantages:

Complete anonymity: If you go into a bank and ask for a loan and they have a look at your transaction history and see that you like to gamble, then there will be a very high chance that your loan will be refused. However, if you use Neteller to deposit money in a sportsbook account, the transactions do not appear on your bank statements, meaning that anyone who looks at your bank statements will not be able to tell that you like to gamble.

Easy to use: When you are depositing money to place some sports bets or withdrawing winnings to enjoy, you will surely be after a banking option that is easy to use. Neteller definitely fits into this category. You will get to grips with how to use Neteller in a matter of minutes and you should have no problems when it comes to depositing funds into your Neteller or sportsbook account.

Widely accepted by bookies: Like with Skrill and PayPal, you will see that Neteller is an e-Wallet that is accepted by the majority of bookmakers out there. This is great because it means that if you decide to open an account with different bookmakers, then you can deposit and withdraw cash from the different accounts using the same payment option. This is highly convenient, and we all love convenience.

Disadvantages

Let us now have a look at some of the key disadvantages:

Not eligible for Welcome Bonus: Look at the terms and conditions that are attached to most welcome bonuses and you will find that they state that anyone who makes their first deposit using Neteller cannot claim the Welcome Bonus on offer. The reason for this is that a Welcome Bonus is something that can only be claimed once, but many fraudsters create different accounts so that they can claim the bonus a number of times, and they often use Neteller for their criminal activities. Therefore, most bookies exclude Neteller as a means to protect themselves. However, some bookmakers such as Coral and Unibet do not.

Not able to change currency: Once you have your Neteller account and have selected your currency, you will not be able to change it. Therefore, if you decide to move to another country with a different currency, you will have to open a new Neteller account if you still want to carry on betting on sports.

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Is Neteller Secure?

If you decide to use Neteller, then you can rest assured that all your funds are perfectly safe. How can we be so sure? Well, to begin with, you do not have to give any of your banking information to the bookmaker you have an account with. Therefore, you only need to trust Neteller. You can definitely do this as they use some of the best encryption technology around to make sure that your money and personal information is safe from criminals. Furthermore, if a cybercriminal does manage to enter your account (not much chance of this happening) and they steal some money, Neteller will reimburse you.

Fees and Commission for Neteller

Before creating an account with a payment method such as Neteller, you need to take a look at the different fees that there will be. When it comes to Neteller, you will find deposit fees, exchange fees, transfer fees, and withdrawal fees. We are going to have a look at what these are now.

Deposit fees: There will be a minimum fee of 2.5% when you are depositing money using Neteller.

Withdrawal fees: When you are withdrawing money from your Neteller account onto a credit card, there will be a €7.50-25 fee, which is quite high if you ask us. If you would like to withdraw from your Neteller account to your bank account, then there is a fee of €8.

Transfer fees: If you want to transfer money to another Neteller user, there is a 1.45% fee. If you are being sent money from a friend of yours, then you will be glad to hear that there are no fees for you to pay.

Currency exchange: If the money that you send needs to be converted into a different currency, then you will be charged a minimum of 3.99%.

What You Need to Know about Neteller

Below are three questions that sports betting fans like to ask about Neteller.

What Are the Neteller Betting Sites?

The majority of sportsbooks that you will come across will be more than happy to accept Neteller, but most of them will not allow you to use Neteller and claim the bonus. However, bookies such as Unibet and Coral are happy to let Neteller users claim the Welcome Bonus.

What is the Advantage of Betting with Neteller?

The main advantage of deciding to use Neteller as your method of payment is that the majority of bookmakers are happy to accept it. To add to this, Neteller is simple to use, and you can have a new account within five minutes.

Can I Withdraw Using Neteller?

Of course, you can, so long as the bookie you sign up with has Neteller listed as a payment method that they accept. Withdrawing money from the bookie is free, but you will need to pay a fee when withdrawing from your Neteller account to your bank account or credit card.

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