From the beginning of the online gambling industry, Neteller played a prominent role in shaping the way payments went through. A wide presence on bookmakers, a VIP rewards package, and an increased level of privacy in your activity, have helped it become one of the most popular payment methods for online betting. Neteller was founded in 1999 in Canada and relocated to the Isle of Man in 2004. The headquarters is located in London, UK, and since 2015 has become a member of the Paysafe Group. Online gaming always was of paramount importance in Neteller, as it accounts for 95% of the company’s revenue.
Even if you have used Neteller betting sites in the past, we will provide you with unique characteristics and perks in the following guide:
ᐉ An up-to-date (2023) list of Neteller bookmakers that offer a Welcome bonus
ᐉ Step by step guide for signing up and paying in with Neteller
ᐉ All the benefits of using Neteller, from the recreational player to the high roller
Best Neteller Betting Sites with Welcome Bonus
The top-ranked betting sites that accept Neteller give the players unparalleled benefits such as near-instant and free of charge withdrawals (from instant to 4 hours max), increased deposit limits and eligibility for the Welcome Bonus.
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.
- Go to Neteller.com and click on the ‘’Join for free’’ button.
- Once done, click on the ‘’Register’’ button.
- Then choose your country of residence and preferred currency (pay extra attention here as it’s impossible to change it later).
- Continue by entering the rest of your details such as date of birth, address, mobile phone number.
That was all. As soon as you confirm the code sent to your mobile phone, you are ready to enjoy Neteller to the fullest. Depositing to your favorite bookmaker is why you created your wallet, so let’s see how it’s done. On almost all Neteller gambling sites, the process is concise and straightforward:
- Log in to your preferred betting site
- Click on the deposit page to open the list of all the available methods
- Choose Neteller, fill in the amount you are willing to deposit plus your Account ID and Secure ID
- Click on ‘’ Deposit’’
- Your betting account is ready for your sportsbook ventures.
Key factors of the Neteller bookmaker
Neteller has been around since the beginning of online betting. It has offered the bettors a nice alternative to conventional methods such as credit card and bank transfer. Like every other payment method, it has certain pros and cons, which the players have to contemplate. Together with a detailed list of attributes you are about to find the best alternatives, should Neteller be restricted in your country or bookmaker.
Why it is superior to choose a Neteller bookmaker
Online bookmakers that accept Neteller have been on top of players’ preferences, and there is no shortage of reasons. From rapid payments to reliability and rewards, it makes sure that every bettor makes the most of his activity using the services of Neteller.
✔ Convenience: If you want a no-hassle deposit and withdrawal process, then Neteller online bookmakers are the way to go. Using only your Account and Secure IDs, you can proceed with your request, saving you time and effort.
✔ Instant payments: By using Neteller bookmakers, players can take advantage of immediate deposits and hours-long withdrawals. That is possible since no banking institution acts as an intermediary to the transaction.
✔ Extra security layers: Providing an already superior security level, Neteller takes the extra step. The website uses an SSL protocol for encryption, plus the two-step authentication feature is available to all members. On top of that, your bank details remain private from the bookmaker, keeping your data safe.
✔ Protection of your data: Neteller does not share your financial records with any public or private authority
✔ Neteller VIP Account: For players who like to bet big, the VIP Program offers lucrative incentives such as higher limits, 24/7 chat, and lower fees.
✔ On the spot Money Transfer: Ever found yourself with a zero balance while the game you want to bet starts in a few minutes? Simply ask another Neteller member for a money transfer, and the funds will appear in your account in no time.
✔ 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 27 supported currencies (EUR, USD, GBP, AUD, BRL, CAD, CNY, INR, NOK, SEK, RUB among others) and 15 different languages (English, German, French, Spanish, Italian, Russian included), Neteller offers individual content and features for players all around the world
✔ Free mobile app: A handy mobile app comes at no cost and allows you to control your e-wallet on the road
Why it is not wise to choose Neteller bookmakers
Shortcomings do exist and they can play a role in your decision for using Neteller or not. Restrictions on signup offers and fees on transactions can outweigh the benefits and make it under-performing for the player.
❌ Neteller charges you for deposits and withdrawals: There is a standard fee of 2.5% in deposits to Neteller via bank transfer, credit card, Paysafe, etc. In addition to that, withdrawing funds from your wallet is subject to various charges depending on the payment method.
❌ Deposits on most Neteller sportsbooks do not qualify for the Welcome Bonus: Arbers and bonus hunters prefer to use wallets like Neteller to fund their betting account. Therefore most bookmakers restrict the Welcome offer if you deposit with Neteller and/or flag the players.
❌ Several countries are restricted for gambling: Strict financial regulations have forced Neteller 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 Neteller 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 afterward. Even if you move to a different country or simply travel, you will have to use your default currency.
❌ Non-competitive exchange rate: Neteller has a fixed 3.99% exchange rate, which is significantly higher than prices offered by Paypal or Ecopayz
❌ Extra identification can be required: In some cases, apart from the ID and proof of address, Neteller can ask for additional documentation. A selfie and source of wallet funding can be requested from the player to finalize the KYC process.
Are there any Neteller alternatives for sports betting
Due to financial regulations, Neteller provides limited services to certain countries. Hence, you may use your Neteller account for purchasing goods from your favorite merchant, but not for online betting. Therefore players are unable to find a Neteller bookmaker. Such countries are Canada, Germany, France, the USA, and Turkey.
In Canada, Neteller exited the market in 2015, and it is unlikely to return in the foreseeable future. The vast majority of players use Interac and ecoPayz for their betting endeavors.
For the German market, Neteller bookmakers must hold European licenses (like MGA or UKGC). In any other case, players overwhelmingly use ecoPayz and Muchbetter.
In France, bookmakers regulated by ARJEL (the French regulatory authority) such as Pokerstars Sports can offer Neteller. However, for non-licensed bookies, players have to resort to Payeer, Cashlib or Bitcoin.
The US betting market has been a matter of scrutiny for a long time. At the moment, Neteller works only on bookmakers that have acquired a state-level license. The regulated states include New Jersey, Delaware, and Nevada.
Turkey is considered to be a black market for betting. Therefore there are no bookmakers using Neteller. Players have to resort to other methods like Ecopayz and Astropay.
In the UK, several sportsbooks like bet365 have restricted Neteller for new players. Bonus abusers and sharp bettors have played a large part in that decision. Paypal, ApplePay and G Pay are the most popular replacements.
Neteller Betting ᐉ What You Should Know
Any serious bettor would agree that certain aspects weigh more on the decision to choose a payment option. Neteller is certainly 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, a lot of players use their mobile phones to bet, so a handy app is paramount.
Neteller 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 with Neteller is always free of charge. Funding your wallet has a fixed cost of 2.5%, regardless of the payment method, or your country of residence.
When it comes to payout, the transfer from the bookie to your Neteller balance is free. If you decide to complete the withdrawal to your bank account, there is a standard fee of $10. For a member wire transfer, the cost is $12.75, while for a money transfer, the minimum amount is 1.45% or $0.50. The option of withdrawing to your Net+ Prepaid Mastercard is also available, with the rate fluctuating from 0 - 1.75%. A fixed 3.99% exchange rate applies to every currency conversion and penalty of $5 per month incurs, should you leave your account inactive for more than 12 months.
Is Net+ Prepaid Mastercard available for betting
Neteller offers every e-wallet member, the Net+ Prepaid Mastercard, at a fee of €10 per year. Connected to your Neteller balance, the debit card can be used on physical and online stores and at any Mastercard ATM. As for online betting, Neteller Mastercard is not eligible for any kind of activity, and that applies to betting shops as well. It is worth noting that the card is only available to residents of authorized European Economic Area (EEA) countries.
Transferring funds to other members
Sending and receiving funds worldwide has never been easier, thanks to the Money Transfer feature provided by Neteller. Even if the recipient does not have a Neteller account, the process is still fast and simple. If you are on the receiving end, there are no fees at all. If you are the sender, the minimum charge is 1.45% or $0.50, and it is subject to registration date, payment method, and the number of deposits.
Neteller VIP ᐉ A complete loyalty program for high rollers
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:
- Bronze Level -> If you transfer over $10.000 per calendar year
- Silver Level -> If you transfer over $50.000 per calendar year
- Gold Level -> If you transfer over $100.000 per calendar year
- Platinum Level -> If you transfer over $500.000 per calendar year
- Diamond Level -> If you transfer over $1.000.000 per calendar year
24/7 Live Chat and lower Mastercard fees on withdrawals come with all levels. Silver members enjoy additional currency accounts and higher limits. Gold, Platinum, and Diamond levels will 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 banned countries list
Neteller operates in more than 150 countries. However, like any other payment method, it has its list of non serviced countries and territories for online gaming, like 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 on your phone
Mobile gambling has skyrocketed in recent years, and every payment method has to follow the trend to stay on top of their game. Using the app, betting with Neteller comes to your mobile device with several perks 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 go through. Android and iOS users can download the app for free.
So, is betting with Neteller worth it? by Book Spy
Few payment methods had such an impact on the betting world as Neteller. A combination of disclosed activity, almost instant withdrawals, and rewarding of the most active bettors have made it a top payment selection. Furthermore, Neteller sportsbooks have serviced countries where online gambling was limited to conventional payment methods.
Lately, however, there is a change of scenery as more and more betting sites opt to limit or even ban altogether players that use Neteller. Bookmakers ask for extra verification documents, removing the sense of privacy in personal data. It’s becoming increasingly harder to find Neteller betting sites that offer any kind of rewards to the high turnover players.
In conclusion, I would still keep Neteller up my sleeve for the low fees and the security features it provides. I would again rely more on new wallets like Muchbetter and ecoPayz and the tailored services they provide to the experienced player.
Complete list of bookmakers with Neteller
As part of the Paysafe Group, Neteller is authorized by the Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011 (FRN: 900015) for the issuing of 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 Secure PIN, add extra layers to Neteller’s safety.
Neteller can be reached by live chat, email and phone. The contact number is 44 20 3308 9525 and it operates Monday to Friday 7 am - 4 pm GMT (available only in English).
The fee for funding your Neteller account is 2.5% for deposits less than USD 20,000. It drops to zero for all deposits over USD 20,000.
When it comes to bonus abuse and arbitrage betting, Neteller has been one of the most preferred methods of deposit. As a result, most bookmakers have restricted welcome offers for deposits with Neteller. You can always deposit via credit card or bank transfer to claim the bonus and then make your following deposits with Neteller.
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.
To verify your Neteller account, you will need an identification document (ID card, passport, or driver license). A selfie is taken from your mobile phone or your desktop computer camera. In some instances, proof of address might be requested.
Neteller only permits gambling transactions in jurisdictions where it is licensed, like Europe. Online gambling sites in Nevada, Delaware, and New Jersey are also allowed to use Neteller as a payment option.
Click on the Account section of your Neteller account. On the right side of the page, you will see the section Account overview. In the first row of this section, you will see your Account ID.
To close your Neteller Account, first, log in to your account, go to the Settings> Account tab, and click on Close account under the Personal Information section. You will then be asked to select a reason for account closure. By clicking on Close my Account, your account will be deactivated.