NETELLER

NETELLER is an online money transfer service that is compatible with many online gambling websites and bookies. First established in 1999, NETELLER operates under the British Paysafe Group.

Like its biggest competitor, Skrill, NETELLER makes it simple to transfer funds in and out of other Internet accounts – and to store these funds in an online e-wallet between transactions.

NETELLER’s ease of use and relative anonymity have been a big hit with sports bettors. Whereas transferring money in or out of bookies can be unnecessarily complicated when using cards or bank transfers, NETELLER makes the process as smooth and fast as possible.

As an added benefit NETELLER offers the Net+ Prepaid MasterCard®, which means that you can withdraw cash at ATMs and make point-of-sale payments using the funds in your account.

The best NETELLER betting sites

NETELLER betting is not accepted by all online bookmakers, with some preferring to make use of restricted selection of payment providers.

Some of the biggest and best NETELLER betting sites include:

1. William Hill

William Hill accepts both deposits and withdrawals from NETeller for a limited selection of countries. However, NETeller is not accepted for UK customers as well as customers from other countries not serviced by NETeller. The maximum NETeller deposit at William Hill is £25,000 and the minimum withdrawal amount is £5. Withdrawals take approximately 24 hours to process.

Visit William Hill

2. Boylesports

Boylesports is one of the biggest sports betting providers in the UK and Ireland, and accepts NETELLER deposit and withdrawals alongside other e-payment platforms like Skrill and PayPal. Boylesports allows for both deposits and withdrawals using NETELLER. Deposits are usually instant, while NETELLER withdrawals can take 3-5 working days to process.

Visit Boylesports

3. 888sport

888sport supports NETELLER deposits and withdrawals for sports betting. Turnaround times are generally good, with a deposit taking 1-4 hours to reflect in your account, while withdrawals can take 4-24 hours to clear. Note that a £5 deposit limit applies to all NETELLER deposits, while £1 is the minimum that can be withdrawn from a 888sport account using NETELLER.

Visit Paddy Power

List of other popular sports betting sites that accept NETeller include:

• Betfair
• BetVictor
• Betfred
• MarathonBet
• Coral
• 888sport
• Ladbrokes
• bwin
• betsson
• NetBet

Note that bet365 is not a NETELLER betting site, and only accepts NETELLER withdrawals for customers whose funds were deposited using NETELLER.

Using NETELLER to manage your bookie accounts

Processing transactions with online gambling and betting sites makes up a large percentage of NETELLER’s business. Having a NETELLER betting account can make it easier to keep track of your betting activity. Other advantages of using NETELLER betting sites include ease of use, security and low costs.

Ease of use

Most online betting sites let you choose from a wide range of payment methods and deposit options. However, not all the options are straightforward.

You may be limited to using a specific currency, credit card transactions may require time-consuming pre-authorization and approval and sometimes an option that’s available for making deposits can’t be used for withdrawals.

The main advantage of NETELLER is that it makes it easy to move funds to and from accounts on betting sites. The process is simple and often the transactions are reflected instantly.

You can set up a NETELLER account in any of the major currencies, and transfer funds into the account using a wide range of deposit options – including various types of electronic money transactions, debit or credit cards and international transfers from your bank account.

You can withdraw funds by making online money transfers, by bank transfers or cheque, or using the Net+ MasterCard card at an ATM or point of sale.

In the UK, many leading betting sites support NETELLER as one of their payment methods .

NETELLER gambling security

In the UK, NETELLER is subject to the e-money regulations of the Financial Services Authority (FSA). Under these regulations, it’s required to keep enough funds in trust accounts, which are completely separate from its operating cash, to repay all customers’ funds at any given time.

In theory this means that keeping funds in NETELLER is less risky than keeping them in a standard bank account.

In addition, NETELLER:

• guarantees not to pass personal financial information on to third parties
• uses technologies that include 128-bit encryption, identity verification and real-time transaction monitoring to protect customers’ account information and funds
• uses the 3-D Secure™ security programme provided through Verified by Visa and MasterCard; with Verified by Visa, you have to enter a unique randomly generated PIN each time you make an online credit card payment.

Costs of using NETELLER

Generally NETELLER costs to move funds are lower than other traditional payment and transfer methods.

Opening a NETELLER account is free, as are deposits you make to merchant sites (including online bookies).

Deposit options such as bank transfer, Maestro Debit Card, Visa Debit Card, Visa Electron Debit Card, Euteller, PostePay, Sofort and POLi are free. However, deposits made using Visa or MasterCard credit cards, PaySafeCard and Ukash are subject to fees varying from 0.5% up to 1.75%.

Additional fees apply for transactions that involve currencies other than pound sterling, euros or US dollars. For transactions that involve converting currencies, NETELLER adds a margin of 2.5% to the average daily interbank market rate.

High-turnover customers are awarded so-called “VIP” status and qualify for lower fees on various transactions.

Keeping track

Many punters open accounts with several different bookmakers. There are some good reasons to do this.

First, you typically qualify for a welcome bonus whenever you sign up for a new account. Some of the leading bookmakers’ free bet offers are extremely generous. You can’t have more than one account with a single bookmaker, but there’s nothing to stop you from opening accounts with different bookmakers and securing free bet money from each of them on your first sports bet.

Second, having several accounts means you can compare prices across bookies, so you’ll have a better chance of spotting value in the betting markets on offer.

The downside is that especially if you’re dealing with multiple bookie accounts, it can be difficult to keep tabs on exactly what you’re spending (or what you’re winning). In turn, this makes it difficult to stick to a budget or to manage your betting activity overall.

Using a single NETELLER betting account to manage all your bookie transactions is one way of keeping track. You can deposit just the amount you’re willing and able to spend on betting so that you don’t risk eating into funds you need for other things. You can also transfer any winnings from your betting accounts back into your NETELLER account.

How to Deposit at Online Betting Sites Using NETELLER

Once you’ve chosen the option to deposit funds into a bookie account you have with an online bookmaker, you’ll be given the choice of a range of payment methods – if e-wallet payments are accepted, then the bookie may accept NETELLER.

After choosing NETELLER, you’ll be prompted to enter your e-mail address. This must be the same as the e-mail address you register with NETELLER.

You specify how much you want to deposit (note that deposit limits and payment restrictions may apply) and, once you click the Deposit Funds (or similarly named) option, you’ll be taken to a NETELLER screen.

If you already have a NETELLER betting account, you enter the account password and a security number that’s displayed onscreen, and click Login. Next you’ll be prompted to choose whether the funds must be taken from your NETELLER account or another payment source you’ve registered with NETELLER.

Once you’ve done this, you click Confirm and the amount you specified will be deposited in your bookie account. There’s no delay in the process – typically the amount you’ve deposited shows up straight away.

If you don’t already have a NETELLER account, you’ll be prompted to register for one before the transaction can be completed.

How to use NETELLER to withdraw funds from a betting account

Note that bookmakers may place various withdrawal restrictions and conditions on what you can transfer out of your account and when.

They may also subject withdrawals to security checks that result in the funds being held for up to 24 hours, instead of reflecting in your account immediately.

Generally, you need use NETELLER when you make a deposit into the bookie account to avoid running into withdrawal restrictions.

After you’ve done this, you can move winnings out of the bookie account and into your NETELLER account simply by:

• choosing the option to withdraw funds at your bookie
• choosing NETELLER as the payment method
• specifying how much to withdraw
• confirming by choosing the Withdraw Funds (or similarly named) option.

NETELLER betting FAQ