Where To Use Neteller
Pay online with confidence. You can trust NETELLER for fast and secure online payments. Paying with NETELLER is always instant, secure and free. Deposit funds into your NETELLER Account and use them online and in person without risking your personal information. Wherever you live, NETELLER offers deposit options to suit your needs. Simply choose the option that's best for you and deposit funds to get started. Get started View fees Withdraw money directly to your bank account and access funds at thousands of ATMs around the world.
- Use Net Id
- Where To Use Neteller Paypal
- Where To Use Neteller Gift Cards
- Use Net Pix
- Where To Use Neteller App
What is Neteller?
Neteller is a popular payment service provider that offers its users the ability to make online money transfers. So, in this article we’ll be covering all the key points for you to know how to use Neteller in India. Since it’s a foreign concept to those placing bets on gambling websites, they need a payment mode to make a deposit. And, Neteller is a really good payment service provider to help you with that.
Let’s understand a little history about Neteller, you know what they say about trustworthy? The brief history it is, the more you can trust. So, Neteller was only a software company that provided services to online merchants back in 1996. Things changed after 1999, when Stephen Lawrence founded Optimal Payments in the US, and then months later they built a strategic partnership with Lefebvre then emerged to form a Canadian company called Neteller.
Neteller was originally created to solve problems for users not finding secure online money transfer portals. Their service basically allowed users to purchase items online and make deposits without the need to reveal their debit or credit card information which prevented personal information threat. However, it wasn’t intentional but online gambling became their primary source of revenue even long before these gambling sites started accepting Neteller and started giving them free referrals as well.
So, in this article we’ll be briefly discussing how Neteller works for Indian, and yes, the article is Indian centric because Neteller was introduced to India much later long before they became an International platform much like Paypal and Skrill. This article is to assist Indians to use Neteller to help them use it as a deposit method in gambling sites.
Fun Fact: Neteller is considered as the second most used online payment method on gambling sites. They are part of the well known Paysafe Group and along with its sibling e-wallet Skrill, amount for billions of euros worth in transactions each month. Apart from fast and secure payments, Neteller offers various promos and a quality loyalty program where you can send and receive money with low charges.
How does Neteller work?
See creating any account isn’t rocket science and especially creating an account on Neteller is basically child’s play. Trust us — simple steps to follow, not more than that:
- Sign-up – First step is to visit Neteller’s official website and locate the “join for free’ tab. The “join for free” tab can be located on the top right corner besides the “sign in” tab. On locating it, click on it to start the sign-up process.
- Fill in details – Clicking on the “join for free” tab brings a register form application to fill. Details to be filled include personal details like first name, last name, E-mail address, and a secret password. Once you complete this step, your account is created immediately.
- Add money – All you need to do next is make a deposit by clicking the “first steps” tab on your dashboard. Choose your country of residence and the currency you want your account to read, in this case Indian Rupees. After this, you are redirected to a page to supply your personal details like your date of birth, sex and residential address.
- Choose gambling or non-gambling account – During deposit, you are requested to specify if the funds to be deposited are either for “gambling” or “non-gambling” purposes. Most Indian banks only allow transfer of funds for non-gambling purposes. Most times, if you choose for gambling, your transaction will be declined. So, it’s advisable to use another e-wallet like Skrill to fund your Neteller if you want to use your funds for gambling.
- Set security questions and pin – After making a deposit, you will need to set 3 security questions that only you will know the answer to. This is needed just in case your account gets blocked and you need to get it active. Also, you need to set a 6-digit pin for making transfers with your Neteller account.
- Verify your identity – To accomplish this, you need to upload an official document that will verify your identity. Documents that can be uploaded include Driver License, International Passport or NID. Any document to be uploaded must be an original copy.
- Verify your residential address – To do this, you need to upload any document that validates the address you supplied on sign-up. Most times, a bank statement will suffice. You can also upload a utility bill.
Deposit Methods
Depositing money to your Neteller account is very easy. There are different methods you can use to deposit money to your Neteller account. And, methods include Bank transfer, use of Credit/Debit Cards, you can also make use of other e-wallets like major e-wallets are Skrill and Paytm.
Although, if you want to deposit funds from your Neteller account to your online betting wallet, e-wallets are highly recommended. Indian banks only allow transfers to and from Neteller accounts if it’s not for gambling. An easy way is to use Skrill or Paytm to fund your account, then subsequently fund your betting wallet as well.
Steps to Deposit Money From Local Indian Bank Account to Neteller
Funding your Neteller account using your local Indian bank is quite easy. To deposit from your local Indian bank account to Neteller, follow the following steps below —
- Sign in to your Neteller account and locate the “Money in” section on your dashboard. Click on this tab to display deposit channels available to use. Choose the “Local Bank Deposit” option.
- After following the step above, enter your desired amount for deposit into the space provided. Click on continue to confirm your transaction. A page will open for you to fill necessary banking information needed to complete your funds deposit. Deposits are completed by transferring funds from your bank account to your Neteller account using different banking channels.
- Available banking channels to use include telephone banking, online banking or walk-in to your local branch. Include your 12-digit Neteller ID in your banking form IF you are using your local bank branch. If you are using Online banking, use Neteller as the payee under “Bill Payments”.
Note that using this option is quite slow as it may take 1-3 business working days to complete. Also stating that you want to make the transfer to your Neteller wallet for gambling purposes will make your local bank decline your request.
Withdrawal Methods
Doing withdrawals from Neteller can be done using many channels. This includes withdrawals to Indian banks, Skrill, or a merchant site. Note that gambling funds cannot be withdrawn to a local Indian bank account as this would be declined.
Steps to withdraw money from Neteller to an Indian bank account, use the following steps below —
- Step One: Click on the “Money out” tab on your Neteller account dashboard. After withdrawal channels have been displayed, select “Bank withdrawal”. Then click on “continue.”
- Step Two: fill in your bank details. You are advised to fill in capital letters correctly. Then you confirm your bank and click on “Confirm.”
- Step Three: Input your desired withdrawal amount. Check the box to agree to the terms. Finally click on “withdraw now.”
Steps to withdraw money from Neteller to Skrill, use the following steps below —
- Step One: The first step is to sign in to your Skrill account. Then click on “deposit” choosing Neteller as your preferred option. Then click on “next.”
- Step Two: Enter your desired amount to be deposited. Also enter the email address registered to your Neteller account along with your secure ID 6-digit code. Click on ‘Upload’ to finish the withdrawal process.
Steps to withdraw money from Neteller to PayPal, use the following steps below —
Withdrawal to PayPal cannot be done directly for obvious reasons, so you will have to make use of a trusted 3rd party merchant website that accepts Neteller funds.
Withdrawal Processing Times
- Indian bank account: 3-5 working days
- Neteller to Skrill: Instant
When it comes to Neteller as a payment option then these two aspects should be considered for real, the betting site controls both of these aspects briefly mentioned below. You should always keep an eye out for the following —
- Withdrawal limits: You might come across a bookmaker that puts a cap on the total amount of money you can take off of your account on a daily/weekly/monthly basis. Research that before signing up and choose a betting site that matches your budget and play frequency accordingly.
Withdrawal fees: Following up on bookmakers that will impose a limit on the overall number of withdrawals, there are sites that will ask for a fee for all requests exceeding that set number,i.e., first 10 withdrawals are free each month and after that you are charged a small fee in the likes of 2%. It’s best if you steer away from those.
Banks that Support Neteller
Virtually most banks in India support Neteller transfers. For faster transfer, it’s advised to use ICICI Bank. Other popular banks like State Bank of India (SBI), HDFC Bank, HSBC, Bank of Baroda and etc., also support Neteller.
Neteller Fees
There’s always a consecutive fee charged for everything basically. These fees are convenience charges, maintenance charges, and many other things that keeps your account secured and the company running. There’s fees charged for funds transfer and withdrawals on Neteller just like your bank accounts would charge you.
- Within Neteller: Free
- Local Bank Transfer: 3.99% of the withdrawal amount
- E-wallets (Skrill): 3.99% only when there’s a foreign exchange
- Other Merchant Sites: 3.99% only when there’s a foreign exchange
And that’s about to it, there’s nothing much more to it.
Neteller Betting Sites
So, the very obvious question next would be — a list of betting sites that accept Neteller. We understand that our players love online gambling and are looking for the best deposit method to be able to get it started. Also, make sure to read our article of types of deposits on gambling sites. Here’s a list of betting sites that accept Neteller as a deposit —
Neteller Customer Support
Neteller has excellent customer care support with a live chat support system that is available 24/7 via phone or email, and an interactive FAQ section to help you troubleshoot any issues. You can approach for any technical help through the live chat, which is available at the bottom lower of the screen. Fill out the details, like your registered email ID and you’ll be transferred to a customer service executive to help resolve your issues. Anytime and anywhere, you can reach out to their customer support service through email or by calling.
Neteller Mobile App
Neteller has quite a convenient app of its own which is super user-friendly to use. Which is adorable, yet, convenient for players around the world to use Neteller at one go from anywhere and anytime! The app is available on iOS, and Android devices. One look at the app and you’ll fall for it for sure. The app is quite decent, green in colour and an exceptionally user-friendly interface with encrypted payment methods. You can save the details of your card to make quick payments next time, easy access to payment history, and receipts for each transaction.
Whether you’re using a smartphone or a tablet, the app loads seamlessly and you won’t face any trouble. The only thing you need to get your Neteller running is a strong internet connection like 4G would do.
The Pros & Cons of Neteller
Like any other service being used, whether a product or any sort of thing that falls under the consumption category, all things have the good side and the bad side. It’s up to us to decide which side weighs heavier in terms of quality of service rendered to customers. To sum things up, the services of the Neteller ewallet can be categories to the following advantages & disadvantages —
Advantages
- Accepted on almost every SportsBook
- Instant, free of charge deposits on your betting account
- Instant withdrawals through the prepaid Net+ Mastercard
- Minimal withdrawal fees
- High deposit and withdrawal limits
- VIP Program that allows you to keep two accounts
- Added security through the 2 Way Authentication
Disadvantages
- You will be charged with a certain fee when you send money to another Neteller user
- A certain fee is imposed for any transaction between two Neteller accounts
- Arbitrage reputation. Certain bookies act a bit suspiciously towards bettors who use Neteller on their deposits. This is due to the fact that alongside Skrill, they share a reputation of being frequently used by betting bonus hunters and arbors, who sometimes will withdraw their money and never punt on the same betting company.
Legal Aspect
Perhaps you’re worried about the legal implications the company would form new independent brands Firepay and Instadebit, which in addition to spreading risk helped them dominate the online gambling payment industry. In 2004 Neteller floated on the London Stock Exchange and Lefebvre and Lawrence who handsomely charged the retired share-holder revenue from the company. Unfortunately for them, they’d need to give most, if not all, these earnings back in a US settlement a few years after they left the company.
As a testament to Neteller’s success, their company quickly settled US legal troubles that came about in 2007. As a result their brand was strengthened and stock prices continued to soar. Today Neteller is regulated in the UK by the Financial Services Authority (FSA), processes billions of dollars and is available and legal in more than 160 countries. Their website operates in 36 different languages and has millions of active customers each month.
The bottom line, if you’re looking for a safe and secure way to send and receive money online, there is not a doubt that this portal is a leading choice.
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read more +The Bitcoin exchange below are the best ones to use if you want to exchange NETELLER to bitcoins.
We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.
Quick Info: Popular Exchanges
- eToro
- Supports Bitcoin, Ethereum & 15 other coins
- Start trading fast; high limits
- Clean & easy trading interface
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- Bitpanda
- Crypto exchange based in Europe
- Buy bitcoin with card, SEPA, SOFORT
- Trusted exchange
eToro Buy Bitcoin Read Review
eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.
Deposits can be made quickly via NETELLER. It also offers unique features like copy trading.
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
We may receive compensation when you use eToro. Please visit eToro for its exact pricing terms.
- Offers unique copy trading feature
- Trusted echange that has been active in traditional finance
- Interface is clean and easy to use
- You cannot deposit cryptocurrency, but you can deposit with other payment methods
Bitpanda Buy Bitcoin Read Review
Bitpanda is a bitcoin exchange based in Vienna, Austria. European users can buy bitcoins with Neteller in under 10 seconds using Bitpanda. Note that the exact fees for purchasing with NETELLER are not displayed publically. You will be shown a buy price at check out and the fees for using NETELLER are included in that price.
We may receive compensation when you use Bitpanda. Please visit Bitpanda for its exact pricing terms.
- Some of the lowest fees for buying bitcoins with credit/debit card
- Reliable and trusted broker
- Fees aren't shown openly on the site but instead included in the buying price
If you want to buy larger amounts of bitcoin, try buying with a SEPA transfer. Or, check out more payment methods.
Neteller is an e-wallet and payment services provider that operates in more than 100 countries and supports 26 different currencies. The United States and Japan are two notable exceptions.
Neteller was founded in Canada in 1999 and at one point processed payments for 85% of gambling sites on the internet. However, since its withdrawal from the U.S. and acquisition by Paysafe Group (also the parent company of Skrill) it has focused its efforts on providing instant, secure, and free transactions.
Just like its former competitor and now sister-company Skrill, Neteller offers cryptocurrency trading for some European countries within its own interface. In fact, users who are familiar with one platform will likely feel quite at home on the other.
QUICK TIP
Neteller does not allow you to send Bitcoin or any of its other supported cryptocurrencies to external wallets or exchanges. You can only transfer coins to another Neteller user. This means that you're not really buying Bitcoin, just Neteller's representation of the underlying asset. You gain exposure to its price movements, but you do not really own any Bitcoin or benefit from its decentralization, immutable ledger, or inability to be confiscated.
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To start buying Bitcoin using Neteller, you'll first need to deposit money into your account. Deposit fees are 2.5% across the board, though some methods are quicker than others.
On the next screen you'll enter the amount you wish to deposit. You'll also be able to see the applicable limits for the selected payment method.
| Crypto Buy/Sell | Fee |
|---|---|
| Transactions up to USD 19.99 | USD 0.99 per transaction |
| Transactions between USD 20 – USD 99.99 | USD 1.99 per transaction |
| Transactions above USD 100 | 1.50 % per transaction |
| Sending Crypto to Neteller User | 0.5 % |
If Neteller's cryptocurrency offering is available in your country, you'll see an option to Buy & Sell Crypto on your account dashboard.
To buy or sell any of the supported assets, click trade on the right hand side of your crypto account home.
You can create market, limit, or recurring orders. You also have the ability to set price alerts.
Use Net Id
This makes it about as easy as it can get to buy Bitcoin using Neteller.
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Once you've bought Bitcoin, you can also send it to another Neteller customer.
Remember that you're not able to send it to an external wallet or exchange address.
To send crypto to another Neteller user:
Select Money Transfer on the Send section of your account, or click the Send icon next to the cryptocurrency you hold and wish to transfer
Enter the recipient's email address or phone number (country code included)
Select the cryptocurrency you wish to transfer from the Select Balance field
Enter the amount and hit Continue
Check that the transaction details are correct. This is where you will see the applicable fees and limits. If it's all good, click Confirm
If they haven't previously, the recipient will need to accept Neteller's Crypto Disclaimer.
If you send Bitcoin to an email address that is not reigstered with Neteller, your transaction will show up as Pending for 14 days. If it is not claimed during this time, it will be returned to you. You can also manually cancel a Neteller to Neteller transfer during this window.
If you're just looking to gain exposure to Bitcoin and don't require the ability to send your holdings to an external or non-Neteller wallet, this is a very simple and convenient way of doing so.
If you're not in one of Neteller's currently supported countries, don't worry, there are still a number of ways you can use Neteller to buy Bitcoin.
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Bitpanda is one of the largest and safest Bitcoin exchanges that accept Neteller.
Verified users can deposit Euros, British Pounds, and Swiss Francs. Withdrawals in each of these currencies are also possible with Neteller.
Note that deposits and withdrawals of U.S. dollars are not possible with Neteller, though Bitpanda does allow these with Skrill.
Buying Bitcoin with Neteller on Bitpanda is quite straightforward.
First, click Deposit up the top right of your homepage.
Next, select the currency you wish to deposit.
For this walkthrough, we'll deposit Euros.
Next, you'll select the deposit method. Neteller is listed here, along with its fees of €0.90 + 3.60%.
Enter the amount you wish to deposit. There is a minimum of €25 and a maximum of €10,000.
You'll then be shown an overview of the transaction you're about to submit. Take a look to confirm that the details are correct.
Next, you'll be sent a code to your verified phone number to approve the transaction.
Once confirmed, you'll be redirected to Neteller's payment interface where you'll be able to log in to your existing account or create a new one.
Once you've confirmed the payment, the deposit should show up in your Bitpanda wallet within seconds.
Buying Bitcoin with your wallet balance is as simple as clicking Trade up the top right, just next to Deposit.
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eToro is another online brokerage that supports Neteller deposits. Once you have funds in your account, you can then use them to purchase Bitcoin.
To deposit funds using Neteller:
- Click Deposit Funds down the bottom left of your account homepage
- Enter the amount and currency you wish to deposit
- Select Neteller
- Log in to your account and complete payment on Neteller's portal
Your deposit will show in your account within minutes.
To buy Bitcoin using your newly-credited funds, click BTC on your account dashboard.
You'll be taken to the following screen, where you can read up on Bitcoin news, check out the charts, or see statistics and figures.
Hit Trade to place an order.
Here you can define the terms of your trade: how much to buy, if you wish to use leverage, set a stop loss, or take profit.
Where To Use Neteller Paypal
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Paybis is a cryptocurrency exchange located in the UK. Founded in 2014, it has expanded to offer service to 48 U.S. states (Hawaii and New York are not supported) and more than 180 countries worldwide.
One of Paybis's best features is that it is non-custodial, i.e. your Bitcoin goes straight to your wallet, it is not stored on the exchange.
As Bitpanda and its support for Neteller payments is not available to Americans, Paybis is an alternative worth considering for those in the U.S.
Verified Paybis users need only create a new order on the exchange, enter their wallet address, and complete payment on Neteller.
Fees are quite steep, however. As you can see, you'll only end up with $454 of Bitcoin after paying $500.
Neteller takes a 3.57% fee, Paybis takes a 4.95% cut, and Bitcoin network fees eat up $2.49.
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Chapter 5
Where To Use Neteller Gift Cards
Buying Bitcoin with Neteller on LocalBitcoins
LocalBitcoins is another option if you want to purchase Bitcoin using Neteller.
There are many offers posted on the peer-to-peer marketplace for sellers who will accept Neteller. You can also post your own buy offer at any price you like, and hopefully someone will take you up on it.
The spread (difference between the mid-market price and the price you will actually pay) begins at about 1%.
Note that many sellers require your Neteller funds to be marked as 'gambling funds.' MasterCard deposits do not allow you to use the deposited funds for gambling purposes. Visa cards are not subject to these restrictions.
As always, be sure to conduct all communication through the LocalBitcoins messaging system and never send any money before the Bitcoin is in escrow.
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Paxful, like LocalBitcoins, is a peer-to-peer (P2P) marketplace. You can open a trade with any seller who has an open offer, or create your own offer and define the price and your terms of trade.
Neteller is one of the more than 350 payment options supported on Paxful.
Use Net Pix
Where To Use Neteller App
Offers start around 8% higher than the spot price of Bitcoin, though prices are bound to fluctuate so it's worth checking back regularly or posting your own offer.