Ever since it went online in the 1990’s, sports betting has continued to evolve at an incredible rate. One of the best examples is the growth of payment options. The days of being limited to a bank transfer or credit card are long gone. Nowadays you have a whole range of choices, including many eWallet websites, with Neteller being one of the most popular. In this article, you’ll learn everything you need to know about using Neteller betting sites. I’ll outline Neteller’s pros and cons, provide detailed instructions on how to use it, and tell you the best Neteller betting sites around right now.
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Contents1 Top 10 Neteller Betting Sites In the UK2 Why Use Neteller?3 How to Use Neteller for Betting4 Neteller Fees, Limits, and Processing Times5 Neteller Sign Up Bonuses and Free Bets6 Neteller Pros and Cons 7 Other Popular Betting Banking Methods in The UK8 Summary9 FAQs
The collective term for betting payment methods like Neteller is ‘eWallets’. As the name suggests, these are online-only. That’s the most obvious difference between them and more traditional options like a debit card or bank transfer.
eWallets really started to gain popularity in the early 2000s. The most famous name is obviously PayPal. Neteller actually came out in the same year as PayPal, though, with both launching in 1999. Since then more and more eWallet services have been created, such as Skrill, ecoPayz, Trustly, and Payoneer.
So, why specifically should you use Neteller betting sites over all these other options?
For starters, Neteller is incredibly easy to use. I’ve outlined exactly how to sign up and start using Neteller betting sites in the next section. For now though, just know that – regardless of your experience level with eWallets – you’ll be able to start using Neteller without any issues. The actual Neteller website is extremely straightforward, and making deposits on Neteller betting sites could hardly be easier. In general, it’s simply a more user-friendly solution than more traditional payment methods.
Neteller is also an extremely secure payment method. There are a whole range of powerful safety features in place, which I’ll explain in more detail shortly. Overall you get plenty of peace of mind here, knowing that your funds are protected 24/7. Once they’re in your account on one of the Neteller betting sites I’ve recommended above, of course, the responsibility for looking after your money passes to that sportsbook.
Neteller is really, really easy to use. That’s true regardless of your experience with other eWallets, Neteller itself, or Neteller betting sites. To give you a feel for what using Neteller betting sites involves, however, let’s look at a step-by-step guide. There are six basic stages involved, and we’ll use MansionBet – one of the best Neteller betting sites around right now – as our example bookie.
Head to Neteller.com and select the ‘Join for Free’ option in the top-right of your screen. You will now be presented with this screen:
As you can see, only five pieces of information are needed at this stage. Once you’ve entered all of those, you can read through the site’s terms and conditions if you please, before clicking the ‘Register’ button.
After completing Step 1, your Neteller account will technically have been created. Before you can actually deposit any money though, you must provide a few more details.
Specifically, you need to enter your full home address, date of birth, and a phone number. After that, a 6-digit verification code will be sent to you. Simply enter that back on Neteller’s website, and click ‘Verify’. Finally, you’ll also be asked to create a 6-digit ‘Secure ID’ code, which may be requested when subsequently logging into your account.
With all this done, you’re ready to fund your Neteller account.
As you can see, credit/debit card and bank transfer are the two most prominent deposit methods. There are a few other options though, namely a prepaid card by the Paysafe Group (like Paysafecard), Fast Bank Transfer, or Neosurf.
Click ‘Deposit Now’ below your chosen payment method. Then, provide the required details (e.g. your card details if using Visa), enter the deposit amount, click ‘Continue’, then click ‘Confirm’ to make the deposit.
Neteller might not be as well-known as PayPal, but it’s still eligible on a vast array of bookmakers. You have literally dozens of good Neteller betting sites to choose from. Researching all those options is obviously time-consuming. That’s why I’ve included a list of recommended Neteller betting sites above on this page, and you can check out comprehensive reviews for each bookie elsewhere on Safe Betting Sites.
For the purposes of this guide, let’s say you’ve done your research into Neteller-friendly online betting sites, and picked the excellent MansionBet.
Making deposits on MansionBet after you’ve registered your wagering account is extremely easy. To start with, just hit the ‘Log In’ button and enter your account details. Then click the green ‘Deposit’ button in the top menu. You’ll now get a pop-up window with a list of payment options.
Select ‘Neteller’. Enter the amount you want to deposit, and the email address associated with your Neteller account, then click ‘Deposit £ X’. You’ll now be taken to the Neteller login page. Simply enter your details there too, and confirm the payment. Once it’s been processed, you’ll be able to use those funds to place wagers as normal.
Taking funds out of your MansionBet account is just as easy as putting them in. To get started, hover over the name of your account and click ‘Withdraw’. You’ll now get another pop-up window, with a list of eligible withdrawal methods.
As you can see, you can only withdraw to Neteller if you’ve already used it to make a deposit. Closed loop systems like this are standard practice in the sportsbook industry.
You have a few different options for making a Neteller withdrawal, including bank transfers, mobile wallets, and even Skrill (another e-Wallet).
To do so, go to the ‘Money Out’ area on Neteller, find your chosen method, and click ‘Money Out’. If this is your first time withdrawing using that method, you’ll obviously need to enter details for it (e.g. your bank details for a bank transfer). Once you’ve done so, enter the amount you want to withdraw, then click ‘Confirm’.
There’s a lot to like about using eWallets in general for funding your online betting. And, as noted, Neteller has a few things which makes it a particularly good choice. That said, there are some logistical factors you should consider before committing to it. Let’s look at the three most important in turn.
While the top Neteller betting sites very rarely charge fees for deposits or withdrawals, this is not the case with Neteller itself.
You incur a 2.5% transaction fee every time you fund your Neteller account, regardless of payment method. While this fee is definitely an annoyance, it’s not a massive deal. A deposit of £20 will actually cost you £20.50, for example, and that extra 50p isn’t exactly going to break the bank! Withdrawal fees are a bigger problem. They tend to be higher than the deposit charges, with bank transfer withdrawals – for example – incurring a $10 US fee.
Neteller betting sites set their own deposit limits, and those for withdrawals. £10 is the industry standard amount for each, with £5 and £20 as the typical lower and upper limits. Maximum withdrawal amounts tend to be in the £1000’s, at least, so are unlikely to prove a problem for most punters! Betting limits also vary between bookies. Maximum stakes are rarely stated by bookmakers, as they depend completely on the specific market you want to wager on. Minimum stakes are much easier to find though, and tend to be £0.10.
As for Neteller’s own transaction limits, these vary depending on the payment method. At the time of writing though, the minimum deposit amount for a Visa is £0.92, and the maximum is £683.28.
The processing times when depositing or withdrawing from Neteller betting sites depend on the bookie itself. That said, most Neteller deposits should process instantly. Withdrawals are typically quicker than those using bank transfer or debit card, with 24-48 hours being a standard time frame.
Again, processing times for your Neteller account depend on the chosen method. While debit cards will usually be instant, for example, bank transfers vary depending on the speed of your bank.
Sign up bonuses and free bets are obviously two of the main targets for experienced punters. That’s particularly true if they’re following a no risk matched betting strategy.
Neteller bettors may experience some problems here, particularly when it comes to bonus offers for new customers. All such deals have their own full T’s & C’s apply. Alongside the usual restrictions for min deposit and min odds, many of these will have a list of ineligible payment methods for your qualifying bet. Unfortunately, Neteller will often be amongst them, along with other eWallets like PayPal and Skrill. I’d definitely recommend checking the small print before trying to use Neteller funds to trigger any promotions.
You have three choices for dealing with this.
Firstly, if you don’t care that much about special offers anyway… you can simply ignore it! Secondly, you can obviously stick to using offers which don’t have this stipulation. Some online bookmakers are definitely stricter on this sort of thing than others. Thirdly, you can use another online payment method for your first deposit, for example, to trigger the new customer offer, then use Neteller for subsequent deposits and withdrawals.
We always try to give a balanced view on Safe Betting Sites, and that’s certainly what I want to do with Neteller too. While I certainly approve of using Neteller betting sites, there are both advantages and disadvantages to doing so.
These are the main points for and against using Neteller.
Neteller provides a whole selection of security measures to protect both your data and your money. These include military-grade encryption, redundancy systems, and a highly secured data centre. Two-factor authentication (2FA) is also installed on your account by default, although you’re free to turn this off if you prefer.
When it comes to deposits on either a sportsbook or betting exchange, this is one of your fastest options. Most Neteller betting sites offer instant deposits, allowing you to start your online gambling immediately. Withdrawals also tend to be faster than those for Visa or Mastercard debit cards, or a bank transfer.
Neteller’s own website is highly streamlined and very easy to use. Deposits and withdrawals are straightforward, and multiple currencies can be either used or converted. Connecting this eWallet to gambling sites is also a cinch, requiring only a few moments of your time.
Just about every top-notch sportsbook will accept Neteller nowadays. This gives you dozens of Neteller betting sites to choose from, greatly increasing your chances of finding the perfect bookmaker for you.
This is the most obvious drawback to Neteller. As covered above, all deposits and withdrawals are subject to transaction fees. Those aren’t prohibitively expensive, but are still frustrating. That’s particularly true when compared to an eWallet like PayPal, which charges nothing for withdrawing to a domestic bank account.
Again, this is covered in more detail above. In short though, your options for special offers will be reduced when making Neteller deposits. They’re simply incompatible with certain promotions on many major bookmakers.
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Over the past two decades, Neteller has grown to become one of the most popular eWallets around, and it’s easy to see why. This is a quick, convenient, safe, and user-friendly deposit method. It’s also widely-accepted, meaning that you have plenty of options when it comes to picking between Neteller betting sites.
Rather than spending hours on researching your many choices, I’d recommend taking a look at my 10 recommended Neteller betting sites above, and picking your favourite. While they have their own strengths and weaknesses, each is a modern, well-rounded sportsbook, which should certainly be able to keep you entertained for the long haul!
An online-only payment platform (or e-Wallet), similar to PayPal. You can deposit money into your account using various methods, then use funds for payments on Neteller betting sites.
Yes. It has a series of important security measures in place, including military-grade encryption and 2FA.
It has many of the same advantages. It’s user-friendly, secure, and eligible to be used on a wide range of sports betting platforms. PayPal does have lower transaction fees, however.
William Hill and Ladbrokes have long and distinguished track records, and both support Neteller payments. MansionBet is a strong all-rounder, and newer brands like Karamba and Grosvenor Sport are also worth a look.
2.5% on all deposits into your Neteller account. Fees are also charged for cashing out, but these depend on the withdrawal destination. Transaction fees will rarely be charged by the actual Neteller betting sites.
Joe is a highly-experienced writer, with a focus on sports betting content. His specialties include sportsbook reviews and betting tips. A keen football fan, he also loves analysing and writing about the beautiful game.
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