In this article, we will try to explain why the e-wallets are suitable for sports betting and why Neteller is one of the most popular e-wallets for the players who like fast, cheap, and secure transactions.
Nowadays, online sports bettors have a variety of options when it comes to depositing methods at their favorite sportsbooks. Some of the sportsbooks offer more than 100 deposit methods. But there are only a few of them that can be called “almost perfect”. For almost any sports bettor in the world.
Neteller money service was one of the first e-wallets on the market! And they managed to maintain a high standard and high reputation over the years.
About Neteller Company
The company was founded back in 1999 in Canada, but they moved their business to the Isle of Man in 2004. Currently, they are owned by Paysafe Group, who purchased Neteller in 2015. The company was primarily established to be an online service for money transfer, and since 2000 they are offering their services to online sportsbooks and bettors.
In the past, it was the most popular payment method for the majority of sports bettors. As their services were (and still are) secure and convenient.
Neteller is still one of the most popular e-wallets. Despite the fact that they got strong competitors in the market, such as Skrill and PayPal.
Nowadays, they are not only money serve for sports betting and gambling purposes. As they offer their services to a variety of different industries, so the users can purchase all sorts of goods and services using the Neteller e-wallet.
How to Open a Neteller Account?
If you are considering registering an account at the Neteller e-wallet, then we will make a short step-by-step guide for you.
The registration process isn’t complicated at all, but verification can be tricky sometimes. As the Neteller company is trying to give to their customers a safe and secure environment overall.
Once when you land at the Neteller home page, you will see the banner on the top of the page “JOIN FOR FREE.” Once you click on that banner, you will be automatically redirected to the registration page, where you will need to enter the valid email address and to choose a preferred password.
There you will have an option to choose a favorite currency and to enter your address of residence and phone number. Once when you fill all the necessary fields, you just need to finish the process and to wait for the confirmation email with a verification link.
After you have completed this step, you need to fund your Neteller account with some of the many different forms of payments.
Depending on your deposit method, there will be different transaction fees. But in general, Neteller fees are the best among e-wallets.
Making Deposits and Withdrawals with Neteller
Before you can fund money to the online sportsbook, you need to check if your selected sportsbook accepts a Neteller as a deposit method. There are not many respected online sportsbooks that don’t allow this e-wallet as a deposit method. So you should have no problem finding the perfect sportsbook for yourself.
The deposit procedure is almost the same as using any other e-wallet, you need to choose Neteller as a deposit method. And to insert the email and password associated with your account. The final step is to select the desired amount that you would like to deposit to complete the transaction. The withdrawal procedure is the same as the deposit procedure.
Deposits made via Neteller should be instantly processed, and withdrawal timeframes depend on the preferred sportsbook of your choice.
Advantages and Disadvantages of Using Neteller as Payment Method
Using Neteller as a preferred payment pethood has a number of benefits. Some of them are:
- User-friendliness – using it is quick and easy. In just a couple of minutes, you can transfer your money from the Neteller account to a sportsbook or any other merchant that accepts this payment method.
- High Level of Security – with the Neteller, you don’t need to worry about safety and security. They use state of the art SSL encryption to ensure that your transactions are safe and secure.
- No Hidden Fees – this is one of the most important aspects that every bettor should look from its e-wallet. Most of the online sportsbooks will not charge you anything for transactions between Neteller and them.
There are no significant disadvantages for using Neteller, but we need to inform you that some sportsbooks will not give you a bonus if you make a deposit via Neteller.
So, if you prefer to take advantage of a sportsbook bonus! Make sure that you read Terms and Conditions before you make your deposit at a specific online sportsbook.
Conclusion
Using e-wallets is generally very safe and secure but using Neteller is also quick and easy. Transaction fees are low, and many sportsbooks accept it as a deposit method. For all these reasons, we highly recommend it as one of the best deposit methods for online sportsbooks.
FAQ
No. One of the advantages of using Neteller as a deposit method is that sportsbooks will not have access to your personal and financial information, such as credit/debit card number, etc.
E-wallets are generally the fastest payment method when it comes to the gambling industry. Deposits are instant, and withdrawals are processed fast. The sportsbooks usually process the withdrawal request in a day or two, and after that it usually takes between 24 to 72 hours for bettors to receive their funds.
If you don’t like Neteller as a deposit method, you can find some great alternatives among other e-wallets, such as Skrill and PayPal. Also, Bitcoin is very safe banking option, as storing BTC is rather complicated and potential fraudster needs to have a complex set of information to access your funds. That’s why BTC, as a deposit method, is considered one of the safest methods today.