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Neteller is an e-wallet which has become an extremely popular option for people wishing to deposit and withdraw from their betting accounts. It holds many advantages over standard debit and credit card transactions with the main one being that withdrawals reach your account much faster. There are also other advantages of using Neteller which we will explain later in this article.
To begin with, we’re going to take a look at which bookies accept Neteller for deposits and withdrawals which we have done so below. We have also included important information such as minimum deposits, withdrawal times and fees for each bookmaker.
|William Hill||£5||Instant||24 hrs||Free||Visit|
|Paddy Power||£5||Instant||1-4 hrs||Free||Visit|
As you can see from the table above, there are quite a few top bookmakers which accept Neteller for both deposits and withdrawals. Deposits are usually made instant and are free but withdrawal times vary. As fast withdrawals are one of the main reasons to use a payment method such as Neteller, it’s advisable that you choose one where your funds reach your Neteller account within 24 hours or less. Betfred, Paddy Power and BetVictor have the fastest withdrawal times with funds reaching your account within 1-4 hours of requesting them.
If you don’t have an account with Paddy Power yet, click on the button below to sign up. You’ll be able to deposit and withdraw using your Neteller account and also claim their free bet offer for new customers.
New customers only. Place your FIRST bet on any sportsbook market and if it loses we will refund your stake in CASH. Max refund for this offer is £20. Only deposits made using Cards or Apple Pay will qualify for this promotion. T&Cs apply. Paddy's Rewards Club: Get a £10 free bet when you place 5x bets of £10+. T&Cs apply. 18+|Gamble Aware.
As mentioned earlier, the main advantage of using Neteller is that withdrawals usually reach your account within a matter of hours rather than days. This allows you to move funds around between betting accounts faster without having to wait for them to reach your bank account to make another deposit.
What happens if you want to withdraw your funds as cash? Well, you have two options. You can either withdraw your funds to your bank account and withdraw them from the bank or by using your debit card at an ATM or you can use a Net+ card. Net+ cards are prepaid cards which are linked to your Neteller account. They operate on the Matercard platform and so you can use them wherever Mastercard is accepted. This means that with a Net card, you can withdraw funds from your betting accounts to your Neteller account and be able to withdraw cash from an ATM within hours. If you wish, you can also use your Net+ card to make purchases online or when shopping. Be aware that there are fees for withdrawing from your Neteller account as cash.
Now that we’ve gone through the advantages of using Neteller, let’s look at the disadvantages. There is one main disadvantage of using Neteller at betting sites and that is that with some bookies, you will not be eligible for promotions. Some bookmakers will not credit you with welcome bonuses and free bets should your qualifying deposit be made via Neteller. This is mainly due to issues bookmakers have had with customers creating duplicate accounts.
Some bookmakers still do allow you to claim welcome offers when depositing via Neteller but it’s always a good idea to check first. They will mention any excluded deposit methods in the T&C’s of the promotion.
If you are looking to claim a welcome offer, or any other offer for that matter, and need to make a qualifying deposit to do so, we recommend either using a bookmaker which allows you to qualify via Neteller deposits or simply using an eligible deposit method. Debit/credit cards are usually always eligible.
Using Neteller to deposit and withdraw from your betting accounts is easy but first, you need to open a Neteller account.
It’s free, quick and easy to open a Neteller account. Simply head to their website, enter your details and you’re done.
The next thing you need to do is to fund your account. You can do this via a number of payment methods which are accepted by Neteller such as Visa, Mastercard, Maestro and Wire Transfer. You can also fund your account using internet banking in the United Kingdom and the majority of other European countries.
After linking your payment method to your Neteller account, you can deposit and withdraw whenever you want. Then, when your Neteller account is funded, you can start to use your account to make deposits into your betting accounts. To do this, simply select Neteller from the deposit options at a bookmaker, enter your Neteller details along with your deposit amount and your deposit will be processed instantly.
The screenshot below shows the Neteller deposit option when using Paddy Power.
If you wish to make deposits of more than a few hundred pounds, you will be required to verify your account. Verification involves providing photo ID and proof of address which you may also be asked for from bookmakers when opening up a new account and so it’s a good idea to have copies of these documents at hand. Neteller are required to verify the identity of all customers due to FCA (Financial Conduct Authority) regulations.
Not many people know that you can actually receive cash back for using your Neteller account for gambling transactions. If you’re a regular bettor either on sports, casino or other, then it’s likely that your transactions will add up to a substantial amount over time.
E-Wallet Optimizer is a third-party service which can offer you additional benefits for using your Neteller account. These additional benefits are only available when signing up to Nteller through E-Wallet Optimizer and not directly with Neteller through their website.
Some of the additional benefits you receive when signing up through E-Wallet Optimizer are:
1% cashback doesn’t sound like much but if you have a lot of money going in and out of your betting accounts then it can add up to a substantial amount over time and it is money that you will otherwise not have had.
To sign up to Neteller via E-Wallet Optimiser, simply click here and click on the Neteller button.