Neteller is a payment method that is very popular around the world. This payment method is highly trusted amongst merchants and bettors alike, and is compatible with most betting sites around the world. Neteller is highly popular amongst online casinos and sports betting sites as a safe deposit method, and many gamblers use this service to deposit and withdraw their money.
Neteller accepts over 26 currencies from around the world and is also available as an app. This payment method is easy to use and a perfect payments-solution when abroad as it accepts over 200 countries.
Neteller is an online money transfer service launched in 1999. But as early as 2000, Neteller had already started processing payments at top betting sites. Back then, the company was servicing up to 85% of the global gambling merchants.
This fact alone proves that Neteller is one of the most reliable payment solutions at the best betting sites. So, keep reading to learn something about betting with Neteller.
Getting started with Neteller at a sportsbook is pretty straightforward. Players first need to open a Neteller account on their mobile phone or computer to make a deposit. Just visit Neteller.com, click Sign in, and then register an account.
Players are required to provide details like names, email, country of origin, and the currency they intend to use. Always give the correct information to avoid any complications during the verification process.
Speaking of account verification, Neteller requires users to prove their identity before transacting anything. First, users must link their bank account by providing their BIC or SWIFT code. Then, you’ll give a colored copy of your national ID, passport, or driving license. And lastly, you’ll upload a copy of the most recent utility bill to activate your Neteller account.
Meantime, bettors can fund their Neteller wallets in multiple ways. For example, you can use another approved Neteller account to transfer funds to your new account.
Alternatively, Neteller accepts deposits via credit/debit cards, Skrill, Bank Transfer, or cryptocurrencies. Users can buy and sell more than 28 digital coins on Neteller. So, read the Neteller terms and conditions carefully before funding the account.
Want to know why Neteller stands out from the rest? This money transfer option offers low deposit fees and a higher limit per transaction. They often charge a 2.9% fee to make deposits less than $20,000 and zero costs for more than $20,000.
Also, receiving funds to your Neteller account is free of charge. So, any amount players withdraw from the bookie after any charges are disbursed as processed. As for the transfer limits, verified Neteller users without VIP accounts can send the following amounts:
Bettors who want to enjoy fast and convenient payouts should look no further than Neteller. Simply log into the bookie account, visit the cashier or banking area, tap withdrawal, choose Neteller.
Now wrap it up by entering the amount you wish to withdraw. Neteller withdrawals are usually instant, taking just a few minutes to be processed.
However, in some cases, the bookie will process your winnings via Neteller 24-48 hours after submitting a withdrawal request. What’s worse, some might take 7 to 10 working days. Therefore, read the sportsbook’s terms and conditions page to learn the transaction processing period.
Another reason to read the bookmaker’s T&C page is to know the withdrawal charges. Often, standard e-wallet fees will apply when making Neteller withdrawals. Generally, though, the cost shouldn’t exceed $50. But it’s all about how fast you want to receive the money and how much you want to withdraw.
Is banking with Neteller at top betting sites safe? Yes, a money transfer company with a rich gaming history like Neteller is undoubtedly safe and secure. First, the FCA (Financial Conduct Authority) regulates Neteller.
This is a financial service regulatory body in the UK. This watchdog creates a separate fund to compensate customers of its registered money transfer services like Neteller. Put simply, your money won’t wash away if Neteller closes shop abruptly.
In addition to FCA regulation, Neteller conducts a two-step authentication, which is the minimum requirement these days. Here, users must enter a code sent to their email or messages app before logging into the account.
The verification code stays active for around 30 seconds, after which users must request a new one. This eliminates any unauthorized access to funds or financial information on Neteller.
Lastly and equally critical, Neteller employs state-of-the-art SSL encryption to protect user data. As you may already know, SSL technology allows websites to protect information sent to and from the platform from hackers.
And, of course, Neteller’s Android and iOS apps are 100% safe. Users can download these apps directly on Play Store and App Store, respectively. The app can perform a ton of functions, including sending and withdrawing money.
Surprisingly, Neteller’s customer support performs poorly on review websites like Trustpilot. For instance, users often complain about delayed responses.
Some reviewers also claim that the FAQ section is minimal and doesn’t answer all vital questions. In short, the support system is something that Neteller needs to revamp urgently.
But to their defense, most e-wallet options don’t offer instant responses to technical user inquiries. It’s common for email inquiries to take up to 24 hours to be addressed by the support team. If unsatisfied, customers can choose to speak directly to the support team via a toll-free number. Just remember to master the working hours.
Moreover, Neteller offers chat support for basic inquiries via the bot-managed system. However, you can enjoy around-the-clock live chat support from Neteller after getting a VIP membership.
Below are the Neteller support contacts:
Neteller has experienced its fair share of scandals in the US. In January 2007, Neteller owners were arrested and charged for promoting illegal gambling and unlicensed money transfer service.
US authorities claimed that Neteller was facilitating transactions between US gamblers and offshore betting sites. As a result, Neteller exited the US market.
Seven years later, Neteller made a triumphant return to the US. This time, they were approved to provide payments to BetAmerica.com, a horse-racing site. Today, the company is offering services in New Jersey, Delaware, and other betting states. But one thing is sure; things have never been the same since the 2007 scandal.
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