From the beginning of the online gambling industry, Neteller played a prominent role in shaping how payments were processed. Its wide presence among bookmakers, VIP rewards packages, and increased privacy in online activity has helped it become one of the most popular payment methods for betting.
The company was founded in 1999 in Canada and relocated to the Isle of Man in 2004. Its headquarters are in London, UK, and since 2015, it has become a member of the Paysafe Group. Online gaming has always been paramount to the payment processor, accounting for 95% of the company’s revenue.
If you have already used Neteller betting sites, you will find specific information and potential benefits in the following guide:
⏩ An up-to-date (2024) list of Neteller bookmakers
⏩ Step-by-step guide for signing up and depositing with bookies
⏩ All the uses of the e-wallet, from recreational to professional betting services
What Are The Top Neteller Betting Sites?
The top-ranked betting sites that accept Neteller equip players with unparalleled benefits, such as near-instant and free-of-charge withdrawals (from instant to 4 hours max) and increased deposit limits.
How to bet on Neteller gambling sites
Signing up at Neteller is quick and easy. All you need to do is follow the instructions below, and your account will be ready in no time.
- 1 Go to Neteller.com and click on the ‘’Join for free’’ button
- 2 After reading the Terms of Use, fill out your full name, email address, and password
- 3 Once done, click on the ‘’Register’’ button
- 4 Choose the country of residence and currency (pay extra attention here as it’s impossible to change it later)
- 5 Enter the rest of your details, such as date of birth, address, and phone number
That was all. As soon as you confirm the code sent to your mobile phone, you can start enjoying the perks to the fullest.
How to deposit to a Sportsbook that accepts Neteller
If you reach this stage, you probably want to fund your betting balance, so let’s see how it’s done. On almost all Neteller gambling sites, the process is concise and straightforward:
- 1 Log in to your preferred betting site
- 2 Click on the deposit page to open the list of all the available methods
- 3 Choose the e-wallet, fill in the amount you are willing to deposit plus your Account ID and Secure ID
- 4 Click on ‘’ Deposit’’
- 5 Your betting account is ready for your sports wagering ventures
Things to know about Neteller betting
Neteller has existed since the beginning of online betting. It has offered bettors a reliable alternative to conventional methods such as cards and bank transfers. Like all bookmakers payment methods, it has pros and cons, which players must contemplate.
What are the advantages of betting sites that accept Neteller?
Bookmakers that opt for the processor have been on top of players’ preferences, and there is no shortage of reasons. From rapid payments to reliability and rewards, it ensures that every bettor makes the most of their activity using Neteller.
✔ Convenience: Neteller online bookmakers are the way to go if you want to deposit and withdraw hassle-free. You can proceed with your request using only your Account and Secure IDs, saving you time and effort.
✔ Instant payments: Players can use Neteller bookmakers to take advantage of immediate deposits and withdrawals within a few hours since no banking institution acts as an intermediary.
✔ Extra security layers: The company takes the extra step to provide an already superior level of protection. The website uses an SSL protocol for encryption; the two-step authentication feature is available to all members.
✔ Protection of your data: Neteller does not share your financial records with any public or private authority. This means your banking data is safe from merchants who accept it, and your activity is hidden from governments unless requested for a crime investigation.
✔ VIP Account: The VIP Program offers lucrative incentives for players who like to bet big, such as higher limits, 24/7 chat, and lower fees.
✔ On-the-spot Money Transfer: You can send and receive instant and free funds between members. As the account ID must be yours when you transact on the bookies’ websites, people with a Neteller account can easily send you money, which you can settle personally.
✔ Buy the best odds, anytime: No more missing bet placements because your previous bet has not yet been paid out. With the swift payouts Neteller offers, you can place the great odd you just found in minimal time.
✔ Available in multiple languages and currencies: With 22 supported currencies (EUR, USD, GBP, AUD, BRL, CAD, INR, NOK, SEK, among others) and 15 different languages (English, German, French, Spanish, Italian, included), the company brings individual content and features for players all around the world.
✔ Free mobile app: This handy e-wallet application is available at no cost and allows you to control your account on the go.
Neteller bookmaker drawbacks
Shortcomings exist and can influence your decision to use the payment method. Restrictions on signup offers and transaction fees can outweigh the benefits, rendering it underperforming for the player.
❌ Charges on deposits and withdrawals: There is a standard fee of 2.5% in deposits to Neteller via all methods except local banks and MBWay for Portuguese users. In addition to that, withdrawing funds from your wallet could be subject to further charges.
❌ The Method does not always qualify for Promotions: It is known that arbers and bonus hunters prefer to use wallets like Neteller to fund their betting accounts. Therefore, most bookmakers restrict the Welcome offer and other promos to reduce suspicious activity. The same is also an issue for most Skrill bookmakers.
❌ Several countries are restricted from gambling: Strict financial regulations have forced the company to exit several markets like Canada, Israel, Turkey, and others.
❌ Blocked by several bookmakers: Nowadays, almost every betting site has to share members’ activity with public authorities. Since the payment processor does not disclose the players’ activity in detail to state authorities, some bookmakers have opted to remove it.
❌ Currency cannot be changed after signing up: Once you choose your preferred currency in registration, it is impossible to change it afterwards. You must use your default currency even if you move to a different country or travel.
❌ Non-competitive exchange rate: Neteller has a fixed 3.99% exchange rate, significantly higher than prices offered by PayPal or Ecopayz.
❌ Extra identification can be required: Sometimes, the service can ask for additional documentation. The KYC process might require the player to provide a selfie and state the wallet funding source.
Can you Claim Promotions on Neteller Betting Sites?
One of the most significant disadvantages we mentioned earlier is the restriction of Neteller for welcome bonuses and other promotions. Although a number of gambling platforms will let you deposit with any available method, a few will exclude your funds from receiving their offers.
Neteller is a commonly-restricted method among bookmakers, along with Skrill and cryptos. However, we provide you with this list of verified bookmakers who welcome the payment processor as a valid way to claim bonuses:
Are there any alternatives to Neteller Bookies
Due to financial regulations, the e-wallet company provides limited services to certain countries. You may use your account to purchase goods from your favorite merchant but not for online betting. Therefore, players are unable to find a Neteller bookmaker in Canada, Germany, France, the USA, and Turkey.
In Canada, Neteller exited the market in 2015 and is unlikely to return in the foreseeable future. The vast majority of players use Interac betting sites. If you log in from Canada, you might see some websites in the list. This means these bookies have the processor, but it is restricted in your country.
For the German market, operators holding European licenses (like MGA or UKGC) usually offer the payment method. They can also be found in offshore casinos and bookmakers that accept local bettors. Otherwise, players overwhelmingly access Muchbetter betting sites.
In France, bookmakers regulated by ARJEL (the French regulatory authority) can offer Neteller. However, for non-licensed bookies, players might need to resort to Payeer, Cashlib or Bitcoin, as the operators that offer it might have restrictions.
The US betting market has been a matter of scrutiny for a long time. At the moment, the payment company works only with bookmakers that have acquired a state-level license. The regulated states include New Jersey, Delaware, and Nevada.
Turkey is considered a black market for betting. Therefore, no bookmakers use this payment method. Players resort to other operators, such as the Ecopayz betting sites.
In the UK, several sportsbooks have restricted Neteller for new players. Bonus abusers and sharp bettors have pushed bookies to that decision. Paypal, ApplePay and GPay are the most popular replacements.
Also Read: Can I make transactions with Neteller on Denmark betting sites?
Online Betting with Neteller: Services and Limitations
Any serious bettor would agree that certain aspects outweigh the decision for a payment option. Neteller is undoubtedly quick and reliable. However, there are more factors to consider before using it.
Fees on payments, rewards for high-volume players, and the availability of a debit card can determine your choice. Also, many players use their mobile phones to bet, so a handy app is crucial.
Are there any Deposit and Withdrawal Fees?
Neteller made a reputation in the gaming industry by offering low transaction fees, and it still stands true to that. Topping up your betting account is always free. Funding your wallet has a fixed cost of 2.5% for most methods.
Regarding payouts, the transfer from the bookie to your e-wallet balance is free. If you decide to complete the withdrawal to your bank account, there is a standard fee of $10. The cost for a member wire transfer is $12.75, while for a money transfer’s minimum charge is 1.45% or $0.50.
The option of withdrawing to your Net+ Prepaid Mastercard is also available, fluctuating from 0 - 1.75%. A fixed 3.99% exchange rate applies to every currency conversion, and a penalty of $5 per month is incurred if you leave your account inactive for more than 6 months.
Transferring funds to other members: Sending and receiving funds worldwide has never been easier, thanks to the Money Transfer feature. Even if the recipient does not have a Neteller account, the process is still fast and simple.
There are no fees if you are on the receiving end. If you are the sender, the minimum charge is 1.45% or $0.50, subject to the registration date, payment method, and the number of deposits.
Is Net+ Prepaid Mastercard available for betting
Neteller offers every e-wallet member the Net+ Prepaid Mastercard for a fee of €10 per year. The debit card can be connected to your balance at physical and online stores and at any Mastercard ATM.
As for online betting, you cannot use the Mastercard, and this applies to betting shops as well. It is worth noting that the card is only available to residents of specific countries.
Are there any High Roller rewards for Neteller Betting
Neteller’s VIP program caters to high-stakes players and provides lucrative benefits and rewards. The VIP level depends on the funds transferred per calendar year, and it goes as follows:
- Silver Level -> If you transfer over $60.000 per calendar year
- Gold Level -> If you transfer over $180.000 per calendar year
- Platinum Level -> If you transfer over $600.000 per calendar year
- Diamond Level -> If you transfer over $2.400.000 per calendar year
All levels offer 24/7 Live Chat and lower Mastercard withdrawal fees. Silver members enjoy additional currency accounts and higher limits. Gold, Platinum, and Diamond levels benefit from a dedicated account manager and next-day payouts.
For the high rollers, the more you use Neteller for betting, the more your activity is incentivized. Feel free to check the link in case the image is not clear:
https://www.neteller.com/en/neteller-vip/overview
Neteller Country Restrictions
Neteller operates in more than 150 countries. However, like any other payment method, it has a list of non-serviced countries and territories for online gaming, such as the United States of America, Cuba, and Iran. For the complete list, you can visit:
https://www.neteller.com/en/policies/non-serviced-countries.
Neteller App - Betting with your phone
Mobile gambling has skyrocketed in recent years, and every payment method has to follow the trend to stay competitive. The app makes betting with Neteller available on your mobile device, and several perks are included.
Full access and management of your funds are available, plus money transfers to almost every corner of the world. Every feature of the desktop version is present on the app as well. Speed is a particularly important advantage of the app, as a deposit only requires a few taps to process. Most iOS and Android users can download a compatible app from proven sources for free.
Should you Consider Neteller Gambling Sites?
Few payment methods have had such an impact on the betting world. A combination of disclosed activity, almost instant withdrawals, and rewarding the most active bettors has made it a top payment selection. Furthermore, Neteller sportsbooks have serviced countries where online gambling was limited to conventional payment methods.
Lately, there has been a shift towards other processors, and bookies are asking for extra verification documents, removing the sense of privacy in personal data. It’s becoming increasingly more complex to find Neteller betting sites that offer any kind of rewards to high-turnover players.
In conclusion, I still keep it up my sleeve for low fees and the security features it provides. Again, I would rely more on new wallets like Muchbetter, Jeton, and ecoPayz and the tailored services they provide to experienced players.
Complete list of bookmakers with Neteller
As part of the Paysafe Group, the processor is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN: 900015) to issue electronic money and payment instruments.
Neteller employs all the latest anti-fraud and anti-hacking tools, so your account is safe and secure 24/7. Two-step authentication and a Secure PIN add extra layers to your account and funds’ safety.
The fee for funding your balance is 2.5% for deposits less than USD 20,000. It drops to zero for all deposits over USD 20,000. The fee for Bank Transfer Withdrawal is a standard USD 10 or the currency equivalent. Bank Transfer payouts are completed within 3-5 business days.
The e-wallet is a preferred method for players engaged in arbitrage or fraud. As a result, most bookmakers have restricted welcome offers with it. You can always deposit via credit card or bank transfer to claim the bonus and later fund your account through other means.
You will need an identification document (ID card, passport, or driver's license) and a selfie taken from your device’s camera. In some instances, proof of address might be requested.
The company only permits gambling transactions in jurisdictions where it is licensed, like Europe. Online gambling sites in Nevada, Delaware, and New Jersey can use it as a payment option, though it is not so common.
Click on the Account section of your application: On the right side of the page, you will see the section Account Overview. You will see your Account ID in the first row of this section.
To close it, log in to your account, go to the Settings> Account tab, and click Close account under the Personal Information section. As per the Terms of Use, every member using Neteller for personal use is eligible for only one account. VIP members can have two or more accounts in different currencies.