Neteller is one of the many forms of payment that have integrated well into the betting industry. The payment service earned a lot of users quickly, and this was a result of the excellent service that Neteller was providing as an e-wallet. The Paysafe Group owns the brand Neteller and other popular payment services such as Skrill and Paysafecard. In today’s article, we shall look at everything that is Neteller and point out all the essential aspects of the service while also evaluating the pros and cons of using the service.

Deposits and Withdrawals:

and much more

Deposits and Withdrawals:

and much more

Deposits and Withdrawals:

and much more

Deposits and Withdrawals:

and much more

What is Neteller? 

Neteller is an online payment service that lets you store money in your Neteller account and then use it to make purchases at thousands of online merchants. It’s much like a bank account, but with instant transactions and lower fees than most banks charge. Another term that is used to illustrate a payment system such as Neteller would be e-wallet or electronic wallet.

How Does Neteller Work?

Neteller is a payment service that allows you to store money in an account and move it from one place to another. It works just like a bank, with the added benefit of instant transactions and lowers fees than most banks offer. It’s an electronic wallet, or eWallet for short that lets you move money online quickly.

Neteller’s eWallet is extremely popular with people who like to have their money on hand and ready to spend. Neteller transfers are processed instantly because of how Neteller works—all transfers are processed internally. When you use Neteller to fund your sportsbook account, the money will immediately appear in your balance, allowing you to place wagers instantly. Another thing to remember is that Neteller supports several currencies, including USD, EUR, GBP, and CAD.

The eWallet component is only one part of the Neteller service, which includes the following features:

Net+ MasterCard

If you register with Neteller, you can order a Net+ MasterCard. In order to be eligible for a Net+ MasterCard, you must first open a Neteller account. This prepaid card can be used anywhere MasterCard is accepted, including online shops, retail locations, ATMs, and more. Note that the Net+ cards are strictly debit cards; they cannot be used for credit purchases.

The Net+ card is available in two forms. The first is a physical plastic card with all of the characteristics of a MasterCard, including a 16-digit number and an expiry date, but it can only be used at ATMs. You can order this card online from Neteller should you decide to do so. The other option is virtual and does not need to be shipped. It can only be used on the Internet, with each subsequent card coming at a fee if ordered through the company’s website.

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VIP Program

Once you transact a certain amount of money per year, you will have the opportunity to become eligible for Neteller’s VIP Program. The Neteller VIP Program offers more benefits the higher your account’s level is. The program’s benefits include reduced ATM withdrawal fees, bonus reward points earned, waived processing fees, and a 24-hour customer service line. If you achieve gold status or higher, you’ll also receive a personal account manager, discounted deposits and withdrawals, next-day payouts, and support for more currencies.

Pros and Cons of Using Neteller Betting Sites 

Now that we’ve discussed briefly how and what Neteller’s service includes, let’s take a closer look at how those features will affect your experience. Some things work out well, and others might be detrimental to you.

Pros: 

  • Quick Service; 

This is essentially the strong point of using Neteller, the service has a reputation for being quick in letting you deposit funds instantly, but also the service allows you to receive your winnings in a matter of minutes. Neteller is known for quick transactions, and that sets it apart from the rest.

  • Security & privacy;

Neteller, like most e-wallet services, covers your identity with high levels of security, the encryption systems are up there with the best, and it also affords users anonymity as you it will only offer your Neteller ID and not your full name and details.

Cons: 

  • Neteller doesn’t accept customers from some countries. Neteller does not accept users from the United States. It does, however, allow Canadian, Hong Kong, Turkish and Macanese gamblers to access its services but with limited access.
  • Another downside to using Neteller is that not every sportsbook permits its use on its site. This can significantly reduce a user’s ability to use various sportsbooks if Neteller is their main method to fund their gambling activities.

Is it Legal to Deposit on Betting Sites with Neteller? 

Yes, it is legal to use Neteller as a payment service in Canada; However, users are afforded limited services; you will still find a number of sportsbooks offering Neteller as one of their payment options.

Can I Use Neteller and What is Required to Use it Legally?

Practically anyone can use Neteller; all you need to do is create an account with the service and provide your basic personal information for the account creation, this will confirm your identity and age, and you will be left with only depositing money onto your Neteller account to start using the service.

Opening an Account with Neteller

Opening your Neteller account takes just a few minutes, and you can begin using it almost immediately. You’ll need to provide some personal information, like your name and date of birth. Once you’ve set up your account, you can fund it by transferring money from your bank account or credit card. It’s easy! If you verify your identity, you will be able to spend more with your Net+ Virtual MasterCard. You can do so by submitting one of the following forms of identification: a driver’s license, bank statement, and/or a government-issued ID such as a passport.

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Depositing to Your Sportsbook Balance with Neteller

Your online sportsbook will accept deposits via Neteller, a convenient service that lets you fund your account with just a few clicks. All you need to do is head over to the Cashier page, select Neteller from the list of supported services, and enter your login information. You can then enter the amount you wish to deposit and confirm payment. It takes only a few minutes, and your deposit will be processed instantly—enabling you to start betting immediately.

This is especially the case with our favored sportsbooks; Betway, Sports Interactions, and 888Sport. The deposit method works efficiently and is just as quick.

Withdrawing from Your Sportsbook Balance with Neteller

Once you have finished betting, head to the Cashier page and select the Neteller option to cash in your winnings. Enter your Neteller login information and confirm the amount that you wish to cash in. When you’ve been approved by a sportsbook—by submitting proof of identity, like your driver’s license—you’ll receive your winnings almost instantly.

Neteller FAQs 

Do I need an account with Neteller to use it?

You will need a Neteller account in order to make a purchase or use the service to fund your sportsbook account. However, you don’t already have to own an account; you can simply create one for the first time and use the service.

How long will it take for the funds I withdraw from my Neteller Account to be available in my bank account?

Neteller process all withdrawals manually, and it takes approximately three business days for their review team to approve them. Once your withdrawal has been processed, it will take 2 – 6 hours for the funds to appear in your bank account. 

What happens when I receive funds from a betting site with Neteller?

When you deposit with Neteller, your money will usually be available in your betting account within hours. The time window is usually 2-6 hours and can reach three business days. Because Neteller does not charge fees on deposits, it is one of the most popular ways for people to fund their accounts.

Neteller Fees for Betting Sites:

Neteller offers free money transfers to any gambling website of your choice. The only time you would have to pay is when the gambling website takes a commission on every deposit, which is usually not the case nowadays. In order to use Neteller, you need first to load your account. You can do this via several different methods, including bank transfers and credit cards. Neteller charges a 2.5% fee for all transactions. Whether or not that is worth it depends on your needs. While there are several options at your disposal, each with different costs, you can use a standard bank transfer to move your Neteller balance. This service will cost $10 per transaction, while a Member Wire transfer will set you back $12.75. If you choose to use a Money Transfer, you will pay 1.45% of the amount transferred with a minimum fee of $0.50; using a Net+ Prepaid MasterCard will see you paying a commission of up to 1.75%.

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Best Betting Sites with Neteller in Canada:  

Betway

Betway, one of the betting industry’s leaders, welcomes players who want to deposit or withdraw funds using Neteller. They don’t want to turn away potential customers by not allowing them to use their preferred payment method.

Sports Interaction 

Sports Interaction has a reputation for being one of the most trusted sportsbooks in Canada. Neteller is one of the most used methods of funding one’s account, so it is no surprise that the sportsbook accepts it as a payment method.

888Sport 

888Sport offers a broad range of payment options. The bookmaker supports more than a few ways to deposit, including bank transfers, debit cards, credit cards, e-wallets such as Visa and Mastercard, Paysafecard and Skrill, and Neteller.

Security and Privacy

Whenever you use a payment service online, you should always make sure that your personal data and funds are safe. Neteller uses SSL encryption that encodes all data you send, making it unreadable to unauthorized parties. This makes it practically impossible to break using conventional methods, taking on average several decades to guess the solution to the cipher. It’s the standard in the industry, and so far, it has worked quite well at preventing any fraudulent activities.

Users can further protect their Neteller accounts via Two-Factor Authentication, where they’ll be sent a randomly generated code to enter each time that they try to log in. To use this system, users must connect their Neteller accounts with the Google Authenticator app, available on iOS and Android. The Google Authenticator generates a new, random 6-digit code every 30 seconds. You must enter that code to get into your account when you log in. This makes it more difficult for someone else to access your Neteller account because they need to access your phone first. This solution will increase the security of your account, and we recommend that you install and register it as soon as possible.

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