Best Neteller Betting Sites in the UK for 2023

What is Neteller?

Neteller is an online service that allows for the transfer of money electronically. It is owned and operated by the British global payments company Paysafe Group.

Neteller’s journey began in 1999 in Canada, but it was in 2004 that the company relocated to the UK and took its current form. The expansion of Neteller was largely fueled by the restrictions imposed on internet gambling in the United States, allowing it to capture a significant share of the global online market. By 2005, Neteller was processing payments for nearly all major bookmakers.

However, with the United States imposing restrictions on online gambling and American financial institutions unable to process payments to online bookmakers, Neteller faced a situation where the majority of its revenue (around 95%) came from the United States.

Undeterred, Neteller persisted and in 2015, Optimal Payments (since rebranded to Paysafe), the company that owns Neteller, acquired its biggest competitor, Skrill, in a deal worth €1.1 billion. This strategic move solidified its dominant position in the industry, marking a significant milestone for the company’s growth.

Neteller allows users to create a free account and then use that account for online payments, transfers to other Neteller users, and transfers to and from bank accounts. It’s commonly used in areas such as online gambling, where traditional banking methods may not be viable.

The platform supports many different currencies and operates in numerous countries around the world. It offers a secure platform for online transactions, providing an alternative to traditional banking and money transfer systems.

Neteller ranks among the most secure e-wallets in the UK, equipped with numerous anti-fraud tools such as identity verification and IP checking. The platform also incorporates multiple security measures, including device fingerprinting and security code verification, to ensure your account’s safety at all times.

It’s worth noting that the platform is regulated and authorised by the UK’s Financial Conduct Authority, which legitimises all its operations within the UK. Neteller strictly complies with the national legislation of the UK, designed to guarantee the liquidity of the platform, assuring that your money is secure, even in the unlikely event of the platform’s closure.

Founded	1999
Coverage	International
Type	eWallet
Area	Europe, Latin America, some countries in Africa and Asia, Australia and New Zealand.
App	Yes, both Android & iOS
Processing Fees	Yes, 2.5% when adding money to Neteller
Transaction speed	Instant

Why is Neteller Great for Online Betting?

Several notable online betting platforms have been distinguished for their services and offerings in the industry. Among them, some prominent ones are:

• Betfair: A frontrunner in the world of online betting, Betfair is renowned for its pioneering betting exchange platform. This encourages peer-to-peer betting, making the odds more favourable for the bettors.
• Ladbrokes: Boasting a rich heritage, Ladbrokes is one of the oldest and most respected betting companies globally. It is consistent reliability and comprehensive offerings in various sports make it a popular choice for bettors.
• Unibet: Unibet is recognised for its wide array of sports betting markets. It’s a user-friendly interface and competitive odds contribute to an overall satisfying betting experience.
• Betway: Betway stands out with its global presence and commitment to providing a variety of sports betting opportunities. Its extensive coverage of sports and betting types makes it a versatile platform for bettors.
• Marathon Bet: Known for offering some of the most competitive odds in the betting industry, Marathon Bet features an impressive range of sports markets. Its comprehensive coverage of both popular and niche sports.
• Betfred: UK-based Betfred is known for its robust offerings and customer-centric approach. Its range of betting markets caters to the diverse preferences of the betting community.
• Paddy Power: Notorious for its bold and unconventional marketing, the Irish bookmaker Paddy Power infuses fun and flair into the world of betting, making it a standout choice for those looking for something different.
• BetVictor: With its sleek interface and wide range of betting options, BetVictor serves as an attractive platform for both novice and seasoned bettors.

Neteller is a globally recognised payment method. Betting sites accepting Neteller tend to offer competitive odds and exclusive bonus options. Neteller can be used to place bets on various events and sports including Esports, NFL, football, tennis, basketball, horse racing, casino games, and more. The typical withdrawal process using Neteller at these bookmakers ranges between 1-4 days, and additional fees are infrequently charged.

Here are some of the massive advantages of using Neteller:

Security

Security is a significant advantage of using an e-wallet like Neteller. The established reputation of Neteller, combined with robust encryption technology, creates an added layer of security for users, thereby safeguarding them from potential fraud. These layers of security include measures such as 3-D secure for Visa and Mastercard transactions, IP checking, 256-bit encryption, etc. These robust security measures contribute to a highly secure environment for Neteller users, ensuring the protection of their sensitive information and transactions.

When bettors explore new bookmaking platforms that they may not yet trust, they can be hesitant to provide their bank account or card details. In such situations, Neteller proves particularly beneficial as it enables secure transactions without requiring users to disclose sensitive financial information directly to these platforms. This aspect can provide users with a heightened sense of comfort and security.

Deposit Limits

Neteller provides all customers with generous transaction limits uniformly. However, as you become a frequent user and attain VIP status, you have the opportunity to request an increase in these limits.

Neteller addresses such requests individually, assessing each case’s merits. Generally, this means you could soon be able to deposit higher amounts into your Neteller betting accounts as per your requirements, reinforcing the platform’s adaptability to your betting needs.

Flow of Funds

Neteller provides a swift and seamless transfer of funds among different betting accounts, eliminating the need for the money to be routed back to the user’s bank account. For astute bettors who prefer using multiple accounts to secure the best odds, Neteller simplifies the process considerably.

When it comes to withdrawing funds from betting accounts, Neteller proves to be more efficient compared to many other payment methods. The withdrawal times usually vary between 1 to 24 hours, significantly quicker than most alternatives.

Anonymity/Privacy

Online bettors may desire to keep their betting activities confidential for various reasons. Utilising an e-wallet service like Neteller allows them to engage in betting securely, without the details of their deposits to betting websites appearing on their bank statements, thereby preserving their privacy.

Additionally, in regions where direct payments to online bookmakers are restricted, e-wallets like Neteller present a useful solution to bypass such limitations. This makes Neteller a practical choice for maintaining transactional privacy and circumventing regional payment constraints.

How to Open a Neteller Account

Establishing and funding your Neteller account is a straightforward process, enabling you to commence your Neteller betting transactions promptly. Here’s a simplified guide to assist you:

Step 1: Go to the Neteller website and select the ‘Join for free’ option.

Step 2: Input your name, email address, and set up a secure password.

Step 3: Once you have verified your email, opt for a payment method to deposit funds into your Neteller account.

Step 4: Submit the necessary documents to authenticate your identity and increase your transaction limits.

How to Deposit & Withdraw Using Neteller

The time taken for your funds to reflect in your Neteller account may vary based on your chosen payment method, and could take up to a couple of days. Once the funds are available in your account, you’re ready to make your first deposit. As you familiarise yourself with Neteller, you’ll soon discover that using this e-wallet simplifies the process compared to traditional bank transfers.

Deposit

Here’s a step-by-step guide to depositing via Neteller:

Step 1: Go to the cashier or banking section of your chosen betting platform.

Step 2: Select Neteller as your desired payment method.

Step 3: Specify the amount you want to deposit.

Step 4: You’ll be redirected to Neteller to confirm the transaction.

Step 5: Once the funds are in your betting account, you’re all set to place a bet.

Withdraw

Withdrawing your earnings from a betting site to your Neteller account is a straightforward process. Follow the standard withdrawal procedure and choose Neteller as your desired withdrawal method.

Step 1: Log into your betting site and navigate to the banking or cashier section.

Step 2: Ensure that you have a withdrawable balance available. Click on the withdrawal option.

Step 3: Input the amount you wish to withdraw and choose Neteller as your desired withdrawal destination.

Step 4: Confirm your request by clicking ‘submit’, and your funds will be cashed out.

Note that regardless of the betting site you use, you must have made a deposit using your Neteller account before you can select it as a withdrawal method. Withdrawal times can vary from as little as an hour to up to five days, depending on the method and whether identity verification is required to complete the transaction.

Neteller Fees

Neteller imposes no charges on funds transferred into your account, which ensures that you always receive the full amount of your transactions.

While Neteller does not impose any fees for receiving money in your account, the platform does levy charges based on the type of transfer you make.

When depositing funds into your Neteller account through any of the 52 available methods, a fee of 2.5% is applied (0% to 5% if Paysafecard is used and 0% to 1% for a bank transfer).

Neteller’s fee structure is tiered based on the level of your account. For instance, transferring money from your Neteller account to another incurs a 2.99% fee. However, if you’re making the transfer from a Neteller True account, the charge is reduced to 1.45%.

Keep in mind that international transfers could attract fees up to 4.99%, depending on the transfer amount. Additionally, all transactions involving cryptocurrencies are subject to a 1.50% fee, with a 0.50% fee applied for Crypto P2P transactions.