
Neteller is a popular payment method with bettors so I’ve created this short guide so you know what to expect if you want to use it yourself. I’ll take you through the benefits and what makes it a good choice.
You’ll see the advantages of Neteller betting like anonymity and the security it gives you using online sportsbooks, and some of the drawbacks as well. There aren’t many, but they may include fees and issues with claiming welcome bonuses and other promotions. Read on, so you can make an informed decision about whether or not to use Neteller.
Neteller began processing online sportsbook payments in 2000 after beginning life in Canada the previous year and has been popular ever since, but why should you join the many worldwide users?
The first question you’ll want answered is why use Neteller when you have a perfectly good Visa or Mastercard you can use without opening any more accounts – and that’s because it gives you privacy. It provides an extra buffer between your bank account and any betting accounts and it means any gambling activity won’t be showing up on your bank statements.
If you’re like me you’ll hate waiting, so I want to see my deposit in my account and not be sat wondering what’s going on. The same goes for withdrawals, where you’ll want your funds a s quickly as possible. Neteller deposits are instant pretty much everywhere you go, and among the faster withdrawal options although you’ll have to check the small print for precise timings.
| Deposit Speed | Withdrawal Time |
|---|---|
| Instant | As little as 3 hours |
Online security is a hot topic, and by using Neteller you are not giving out your bank details, so if the sportsbook has a breach they won’t be at risk. On top of that, Neteller has encryption in place to keep your details safe.
While not as easy to find as a betting site that uses Apple Pay, there are still plenty of Neteller bookies around. This gives you flexibility when choosing which bookmaker to go to, so you can make the most of competitive odds and a wide range of markets.
Importantly, using Neteller can help you to gamble responsibly. By using Neteller, you can add your designated bankroll amount for the week or month to your account, and budget accordingly, rather than just depositing frequently from your bank account without due consideration.
As this process will vary between bookmakers as it would with online sports betting with PayPal, I’ll only go through this briefly, and you can see exact details by reading the review of your chosen Neteller bookmakers.
You should receive a confirmation message or a reason why your deposit wasn’t successful. Usual suspects here are not checking the Neteller betting sites deposit limits or having a different email address on record with the sportsbook from the one on your Neteller account.
You can also use Neteller as a withdrawal method, but as you’ve seen above it can take a little longer. This will certainly be the case if it’s your first time and you need to pass KYC first. I’ve seen plenty of Neteller betting sites that can take as little as three hours, but check the small print as there are some that can take as long as 6 days, something that will definitely factor into your decision to use that Neteller bookie or not.
While you get fast and easy transaction and host of other benefits from using Neteller, there are also some downsides you need to be aware of, starting with how much it could cost you to use:
While the best Neteller betting sites won’t charge you to make a deposit, Neteller charges a small fee for every outbound transaction. As fees and rates vary, check when you sign up, but expect to see something in the regions of 2-3%, and there can also be membership fees if you leave your account dormant.
The dealbreaker for many Neteller betting sites is that it is often excluded as a valid payment method to qualify for a deposit. That does not mean this is always the case, however, so check the small print of every offer to see if Neteller is accepted or you could miss out on a great bonus just because you assumed Neteller was a no-no.
While you can add to your Neteller account using various sources including your credit card, some Neteller bookies, especially in countries like the UK will not let you use them. So again, check the T&Cs to make sure that you can fund your Neteller account the way you want to.
As you can see, there is a lot to consider when looking for the right Neteller betting site. You could see a bookie that looks perfect for your needs, has a wide range of markets and great odds for your favorite sports, but doesn’t take Neteller. On the other hand you might find a Neteller bookie but you can’t claim the bonus because it’s excluded, which can be frustrating and make it feel like you are wasting your time.
On this page you should see banners for the best Neteller sites where you are, or some handy alternatives. You’ll be able to find links to the full reviews for each of these platforms, so you can see what the bonus offer is like, the range of markets on offer and the long term benefits like ongoing promotions and loyalty programs. This can take a lot of the legwork out to find the right site for you, and you can have the peace of mind that every one of them has been checked out by our team of experts and been given the seal of approval.
After checking out this guide, you’ll have all the facts you need to find the right Neteller betting sites for your needs, regardless of whether you are a new or experienced bettor. You’ll be able to see which sportsbooks accept Neteller in double quick time, as well as getting the lowdown on each one from the detailed reviews here at thespike.gg.
As you also know the good and bad points of using Neteller in any given situation, you won’t be getting caught out and missing any bonuses you thought you could claim, or having to wait too long for a deposit to process. This is just one of the guides you’ll find here to fill in any gaps in your knowledge, as you’ll also find details of the best Trustly betting sites as well as those for Paypal and Apple Pay.
No. Neteller is used worldwide, but sparingly in the US and some other countries. You can check easily as the payment methods are often listed on a sportsbooks homepage, or you can check out the reviews at thespike.gg which have in depth reviews of the best Neteller betting sites around.
Welcome bonuses are a thank you for signing up with a new sportsbook and are usually quite generous. Regardless of size they will always have small print letting you know the rules for claiming the bonus. Always read this to check to see if Neteller is one of the excluded methods, and while that is sometimes the case, never assume – or you could miss out on some big bonuses.
Neteller is popular for many reasons, one of which is speedy deposits. Typically Neteller deposits will be credited to your account instantly, provided you have entered your details correctly and there are enough funds in your account.
As well as being an instant option for deposits, you can also use it for withdrawals. You’ll need to check theT&Cs for withdrawal times which can vary from a few hours to several days depending on the Neteller bookmaker.