At CaptainGambling, we fully understand the online gambling industry. Our team knows the best deals punters can get at bookmakers and casinos. In our expert opinion, if you’re looking to dabble in online betting, Neteller is one of the best gambling payment providers. Setting up a Neteller account is a breeze. After signing up, you’ll get to enjoy only the best in terms of convenience, security, transaction speed, low fees, and more. Here’s all you need to know and how you stand to benefit from using Neteller for all your online gambling payments.
While you can bet for fun in demo mode, you’ll most likely want to put your money where your mouth is and wager real money. But before you start funding your online betting with Neteller, you’ll have to create an eWallet account and verify your identity. Fortunately, the entire process isn’t nearly as complicated as it sounds. All you need to do is:
1. Create a Neteller account : To start using Neteller at betting sites, you first need to open an account. Simply visit the Neteller home page, enter your personal details, click “Register”, and you’ll instantly get redirected to your account dashboard. From there, you can fund your account, deposit, withdraw, and initiate transfers.
2. Verify Your Identity: As part of its license requirements, Neteller has to guard against fraud and money laundering. As such, you’ll only be able to access a limited number of features until you verify your identity. To do that, click the “Verification” box, then follow the prompts.
3. Deposit and Withdraw at Neteller betting sites: Once your Neteller account is up and running, you can use it to deposit and withdraw, just as you would with other online betting payment methods. Go to the cashier section, enter the amount you wish to deposit, click the Neteller option, enter your eWallet login details, and confirm the payment. If you’ve had a lucky day online betting, Neteller withdrawals are pretty much the reverse of the deposit process.
Neteller bookmaker and casino deposits are instant, which means that you can start placing your bets immediately after you make a payment. This is one of the reasons why Neteller is so popular with online gamblers. Unlike some slower methods, such as credit card bookmakers, which can take 2-3 days to clear, Neteller withdrawals only take a few minutes. Of course, the exact withdrawal time depends on the betting site you register with. But even with the slowest betting sites, you rarely have to wait for more than a day for payouts to reflect in your Neteller account.
As we mentioned before, you won’t be able to use the full potential of your Neteller account if you haven’t verified your identity. With an unverified account, you can only deposit and withdraw limited amounts of money at Neteller betting sites. The Net+ Prepaid MasterCard and Neteller’s VIP program are also in accessible. To verify your identity and wager like a high roller at any Neteller bookmaker or casino, you need to have a valid identification document, such as a passport, ID card, or driver’s license.
To begin the process, go to Settings, and click “Verify Now” in the Verification box. While Facebook is an easier option, it won’t fully verify your account. You can upload pictures of your identification documents, then take a selfie to verify that you’re the one who submitted the documents. A quicker way, however, is to take a snapshot of yourself holding your identity card using your webcam or smartphone camera via the Neteller mobile app. You’ll also be required to submit a recent proof of residence, such as a utility bill. Neteller will then review your documents and send you an email once the process is complete. This typically takes up to 48 hours. You'll find the process to be the same for credit card bookmakers as well.
Neteller was founded by Optimal Payments Limited in 1999 as an alternative to traditional payment methods such as eChecks and credit cards. The company started processing real money transactions for Neteller betting sites in 2000. By 2005, Neteller was regulated under the United Kingdom’s Financial Services Authority (FSA) and was an accepted payment method at over 80% of the world’s online gambling sites.
These Neteller sports betting and casino platforms took in players from all over the world, including the US. In 2006, the Unlawful Internet Gambling Enforcement Act (UIGEA) made it illegal for payment processors to facilitate gambling payments in America. After it continued to facilitate online betting, Neteller was charged with illegally transferring money in 2007 and had to pay a $136million fine.
With the loss of the American market, Neteller diversified into other payment products. A series of mergers and acquisitions resulted in Neteller becoming part of the PaysafeGroup, which also owns Skrill and Paysafecard. Today, punters in the UK and Europe, who’d typically patronize PayPal betting sites, view Neteller as an excellent online betting payment processor that offers world-class services.
When they want to make online betting deposits and withdrawals, bettors look for the best available options in terms of speed, privacy, fee structures, and convenience. By playing at Neteller bookmakers and casinos, you can access all these features and a lot more. Neteller’s eWallet allows punters to transact at thousands of merchant sites, without divulging their banking details. Instead of having to wait for hours or days to start playing, you can instantly start playing after you fund your gambling site account using Neteller. Payouts are also typically cleared, at the latest, within a few hours. Neteller also provides its customers with the Net+Prepaid MasterCard, which they can use to access cash from ATMs and make purchases
anywhere in the world. But that’s not all. In addition to online betting with Neteller, you can send and receive peer-to-peer payments using your Neteller eWallet. As a member of the Neteller VIP program, you can enjoy perks such as lower transaction fees. Neteller can, however, improve in a few aspects. For American bettors, Neteller betting sites are somewhat limited. With recent gambling legislature changes in the US, we hope to see a resurgence of the payment processor in this market. As the payment method made it easy for players to abuse welcome bonuses, for a while, many operators excluded Neteller deposits for these offers. Most gambling sites, however, now have smarter sign-up processes and allow you to enjoy their welcome packages while using Neteller.
With so many online betting payment methods available, punters are spoilt for choice when it comes to how to make deposits and claim payouts. Seasoned gamblers know that they are unlikely to go wrong with a Neteller bookmaker or casino. Newbies, on the other hand, aren’t as sure whether or not eWallets, like the one you can use at Skrill betting sites, are quick, reliable, and secure. Neteller is as legitimate and reliable as payment methods come.
There are several ways you can verify this yourself. First off, Neteller is regulated under the United Kingdom’s Financial Services Authority (FSA). As such, the company keeps customer funds separate from its operational finances and can return each customer’s balances at the same time if the need arises. Neteller also uses cutting-edge encryption protocols, provides 24/7 customer support, and not least of all – it’s audited by the UK Financial Conduct Authority (FCA).
Neteller is one of the most popular online gambling banking methods, due to the company’s focus on quick, affordable, and secure payments. While Neteller has been through some rough patches, the company came out stronger. Even though you’ll find a very limited selection of Neteller betting sites in the US market, the payment option is one of the most popular in the UK and Europe. You can set up a Neteller account and start transacting in a few minutes. You, however, need to verify your identity to unlock your eWallet’s full potential.
When online betting at Neteller casinos and bookmakers, your banking details are kept secret, which is a huge security advantage. With the ability to process instant deposits and same-day payouts, Neteller is definitely a go-to payment option. If Neteller doesn't look like its going to be for you then we suggest taking a look at the our reviews for the best PayPal betting sites and the best Skrill betting sites.
