Neteller is an electronic wallet service with a long history. This third-party virtual account creates a layer of security between your personal bank account and online betting sites. You do not need to share bank or card details with sportsbooks or casinos – using instead the Neteller account.
Not only is this a security boost, it also gives you the opportunity to be agile with your cash. You can keep some of your betting bankroll in your Neteller account, and then move it around fast to take advantage of short-term deals and promotions.
How to Deposit at Neteller Betting Sites
There are two stages to this process. First, you need to register and verify your Neteller account, then you will need to follow the steps to deposit at your betting site.
Account setup is very fast. You simply fill in a form at neteller.com and then verify your e-mail address. They are likely to ‘block’ your account almost immediately, however this is standard while they request documents. This is not a customer-friendly way of going about things, however once you understand that only backup identify verification is needed, it does make sense.
You can then upload funds from your regular bank account or credit card, and your account is good to go.
To deposit at your chosen betting site, you simply find the cashier and click on Neteller. This will bring up a secure window, often a new one will pop up. You’ll log into your Neteller account in this window and confirm the deposit transaction. Once completed, you’ll go back to your sportsbook and the money will be waiting for you.
This is a fast, easy and secure payment method which can be used at a number of online betting sites outside of the US. On the negative side there are small fees with each transaction, and you’ll need to go to the effort of setting up your account to begin with. All-in-all the benefits you get from managing your money outside of your bank account make up for these small negatives.
Verifying Your Neteller Betting Site is Legitimate
Before you deposit, it is worth spending extra time to be absolutely sure that your betting site is legitimate. While most of the industry is completely respectable, there are always rogue elements attracted to the money involved.
First, check for a gaming or operating license – preferably from a recognized and respected jurisdiction. For international betting sites, these will usually be European countries such as Malta, Gibraltar, Alderney, Isle of Man or Cyprus. If your site is US-facing (offshore) then look out for Panama, Costa Rica, Antigua or the Netherlands Antilles. The lack of a license means you should not be depositing.
External game certification for casino and poker games that your betting site runs is also a positive sign. You should also look out for multiple ways to get in contact, external organization and industry body memberships, and a responsible gaming policy. A long list of deposit options for players around the world is a great sign that your betting site is legitimate. Finally, make sure there are no major scandals or payment problems highlighted online.
Comparing Neteller Betting Sites
Outside of the US, bettors have a great choice of sportsbooks to choose from. There are some big differences between them which might not be apparent at first glance. Here are some of the key things to look out for before you make that Neteller deposit.
First, compare the welcome bonus offers a little more closely than simply looking at the free bet or matched deposit amounts. The key thing here is to check the bet-through requirement for the bonus. If this is too high (or the rules on 2/1 odds or more too strict), you might never receive a benefit from your bonus at all.
We also like to check the ongoing benefits and rewards; the best sites tend to make a big effort to look after their long term players with plenty of promotions and offers.
All the bookmakers will cover the popular sports to some extent. The depth and breadth of how they do this can vary. Check whether in-play betting, special money back deals, prop bets, and so on exist at your site. These can improve both the enjoyment you’ll get from betting, and your profits.