Is Neteller Legal In India

Neteller is one of the most famous global payment services and is accepted by almost every betting site in India. It offers numerous benefits to any gambler. Even more, as a payment method is legal, safe and available for Indian bettors.

No restriction or law in India prohibits using Neteller to receive or transfer money. You need to remember that Neteller is a free online wallet and acts like all the other online banking methods.

It is important to create an INR account when you are betting through Neteller. In this way, you can avoid any conversion fees and make every payment significantly easier. Read on, and you will have the opportunity to get an insight about :

• Why Neteller is safe and a good choice for you
• An updated list of reliable Indian betting sites accepting Neteller
• Details about how to deposit or withdraw money to local banks with low fees

Is Neteller Safe In India?

Neteller has been in the gambling industry since 1999, it has over 23 million members, and it is undeniable a 100% safe payment method. It belongs to Paysafe Group Limited, listed on the New York Stock Exchange since March 2021, after a merger with Foley Trasimene. Neteller uses cutting-edge SSL encryption. It is also important to note that Neteller also gives Indian players the possibility to set up two-step authentication for more safety.

Why Create a Neteller Account in India?

There are many advantages for any bettor to use a Neteller account in India. Firstly, local Indian banks may block transactions connected with betting activity. That makes the use of other payment methods like Mastercard, Visa and Bank Transfer more complicated or even impossible. On the other hand, Neteller is available on most betting sites.

Neteller provides instant deposits, quick withdrawals and at the same time, there are no fees when funding your bookmaker account. Moreover, you can set the currency to INR. You could quickly load your Neteller account by your Visa or Mastercard, so your bank details will be highly safe. There are many Indian bookmakers in which you could claim a welcome offer but also any promotion.

For players who want to play in international bookmakers, Neteller also comes to the rescue. Your details stay safe, as your details are not disclosed to the local authorities. On a final note, player-to-player transfers are fully functional and can save you if you end up with an empty balance.

Bookmakers that offer Neteller in Indian Rupees

Top-rated bookmakers that accept Neteller in India offer a multitude of benefits for players. INR acceptance, high odds in cricket and football and eligibility for a welcome bonus are among the most sought-after, to make the most of your betting activity.

How To Deposit Money To Neteller From India For Gambling

It has already been mentioned that it is easy enough to deposit money on your Neteller account in India. There are many options for your funding, but also, that action applies to some fees. Visa, Maestro and Mastercard’s fees will apply from 1.90% to 4.95%, by Paysafecard is 7%, by Bitcoin 1%.

Bank Transfer is for free, but this only applies if your bank permits the transaction. The best option, for now, seems to be ICICI Bank. To complete the transaction by your bank may take 1 up to 3 working days.

The same applies to a deposit via Visa, Maestro and Mastercard. Regarding Bitcoin, the transaction could take from some minutes up to one working day to be completed. In the end, if you want to use Paytm to fund your Neteller account, you should know that this is not possible to proceed directly. A third-party merchant site needs to be used to move with this choice.

Can I withdraw money from Neteller in India?

Indeed, there is the opportunity to proceed with a withdrawal from Neteller in India. Neteller allows you to withdraw to Indian banks or a different wallet such as Skrill or Paypal. On the other hand, a cashout to a local bank would probably not proceed. Another fact is that any time a deposit will move to your Neteller account, Neteller will charge a 2.5% fee.

Betting through Neteller with Indian Rupees

Betting is always better when you can deposit in Rupees. Your money transfers are instant and you avoid additional conversion and withdrawal charges. 22Bet, 1XBET are some of the best options for an Indian player to use Neteller for online gambling.

Neteller compared to other payment options

It is easy to say that Neteller is an excellent option for any Indian player. Since most local banks will probably block your transaction to a betting site, it seems that the best choice for Indian players is an easy-to-handle wallet like Neteller.

Neteller vs Skrill India

Neteller and Skrill have many commons, which is expected since they operate under the same company, Paysafe Group. They are both wallets popular to all players and straightforward to use. Despite the similarities, it is a fact that for now, Neteller fees in India are still higher than Skrill (2,5% vs. 1%).

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Also Read: Is Skrill legal in India for gambling?

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Neteller vs AstroPay India

AstroPay Card is a prepaid method popular in India. Bettors can purchase it with any mobile payment option through its official site and bet on all legit AstroPay accepted sites in India. Withdrawals have to proceed to an alternative method, like a bank wire.

The main difference with Neteller is that AstroPay has no fees for using it. Nevertheless, you have to use the card within one year after purchasing it. In conclusion, AstroPay has a significant advantage since it doesn't apply any fees.

Final verdict on Neteller India by Book Spy

Local banks could block any transaction with traditional payment methods on online gambling in India. Therefore, betting through Neteller could be a good choice. Deposit to Neteller from India makes your betting activity easier since you could also choose to deposit in Rupees.

For Indian bettors is an excellent choice since you can proceed with easy deposits and speedy withdrawals on most betting sites. On the other hand, I need to mention that betting through Neteller in India applies to high fees, so it won't be competely possible to bet on bookmakers without betting tax.

Under these circumstances, I generally recommend using Neteller while you gamble online in India. Υour betting experience will be more comfortable and closer to your needs.

Complete list of bookmakers with Neteller India

Plenty of Indian bookmakers have chosen to partner up with Neteller. The INR availability, quick payments, and low to zero fees when withdrawing from a sportsbook are the stand-out features. Pick your bookie from the list below and make the most of your Neteller deposit.