Neteller Review – A Prime Choice for an E-money Platform

Many punters prefer the Neteller wallet for their online deposit and withdrawal needs. The convenience comes from superior transfer times, as well as a variety of deposit methods and low fees. Neteller is used for consumer and merchant purposes in over 200 countries and available in 15 languages. Today, it continues to be one of the most used e-wallet platforms for betting and e-commerce online.

Making an Account – Make Sure You’re Verified

Neteller sign up is quite straightforward and easy – all it takes to do this, is to fill up a standard online form, provide a confirmation email, and you’re set to go. Your initial account status is designated as “unverified” which does limit you from experiencing the full potential of your free account. To change your status to “verified”, you will need to make a deposit, and follow the guidelines provided in the verification.

The Neteller VIP Status Has Its Perks

Neteller - prominent e-wallet company logo

Right off the bat, those customers that achieve a VIP rank, will be able to benefit from much lower fees, higher deposit and withdrawal limits, as well as a bundle of other benefits. The VIP program of the platform is divided into 5 tiers – bronze, silver, gold, platinum, and diamond. The requirement to have your account classified to any VIP tier, is to transfer a specific amount of money over the course of one calendar year; for example, the Bronze VIP level is granted when a client has transferred $10,000.

Preferred by Online Casinos and Sportsbooks That Offer Bonuses

Neteller supported sites that offer sportsbook and online casino services are quite popular these days. Some online gambling sites even offer a variety of bonuses and promotions to clients who decide to use Neteller for their deposit/withdrawal needs. Any transfers are complete within a few hours, after being processed by the gambling venue in question. One of the best aspects, is that usually there isn’t any fee for making a withdrawal to your Neteller account – it is a perk featured in both old and new betting sites.

Best Neteller Betting Websites

Bookmaker Bonus Amount Min. Dep. Rating Visit
Bet365
100% in Bet Credits Up to £100 £5 9.6 /10 Join Now
New Customers only. Up to £100 in Bet Credits. Sign up, deposit £5 or more to your account and bet365 will match your qualifying deposit in Bet Credits when you place qualifying bets to the same value and they are settled. Min odds/bet and payment method exclusions apply. Returns exclude Bet Credits stake. T&Cs, time limits & exclusions apply.
888sport
100% £30 £0.1 9.3 /10 Join Now
10Bet
50% £100 £15 9.0 /10 Join Now
New Customers; Min. deposit £15 (no Skrill/Neteller); Bonus amount is 50% of deposit up to £100; 6x deposit and bonus turnover (min. odds 3/5 on singles and 2/5 per selection on acca bets), in 30 days, for bonus release; Some bet types don’t contribute to turnover; Withdrawal before turnover results in bonus cancellation; Terms apply; 18+.

* T&C’s apply. Click on Join Now for details.

What Type of Support You Can Expect

The only way to gain quick information is to visit the Neteller support section in the company’s official website that contains popular topics and frequently asked questions. Other methods of contacting the company are through a phone number listed on the website or sending an email. The Neteller live chat support is sadly non-existent. As of March 2010, the company made a business decision to stop providing any live chat services.

The High and Low Transfer Limits

Betting sites with no minimum deposit limit aren’t common; which is kind of strange because you can initiate a transfer through Neteller with very small amounts of money. While this is a bit peculiar, it isn’t unexpected – most sportsbooks and online casinos have their own established min. and max. limits, and although they can all use Neteller as a deposit/withdrawal options, rates between different companies will differ.

Cross-Platform Compatibility – How Well Does Neteller Play with Others?

Neteller compatibility with other payment methods

When it comes to performing transfers between several other e-wallet platforms, Neteller is usually compatible with all of them. There are some exceptions though. While it would sound that Neteller to PayPal transactions should be quite straightforward, they can be done only with the help of a 3rd party service provider. This may be, so people wouldn’t abuse the unique deposit/withdrawal systems of both respective companies.

While many other e-money platforms do support direct Neteller transactions, they do so while their unique fees apply. To this topic also fall many online casinos and sportsbooks; while most can offer withdrawal and deposits for free, they might have some pre-determined fees as well. Clients are always encouraged to check out a merchant’s payment terms and conditions prior to proceeding further.

The Neteller Fees – Depositing Money

While Neteller offers a lot of free features, some will be charged. Unless you’re putting money in your account via an international bank transfer, you will be looking at some fees which can go from 1% to 45%, depending on the deposit method you’re using. Being quite popular with both individuals and merchants, Neteller offers a variety of deposit options, some of which we have listed in the table at the end of our article.

The Pre-Paid Card is Wonderful for both Withdrawal and Shopping

Neteller also give you a virtual Net+ MasterCard, which you can use to make purchases online. Some of the limits here, are that you can make only 4-lifetime purchases, spend only €180 every 24 hours, and pay €720 in total over the card’s lifetime. Naturally, if you upgrade your account to status “verified”, the card won’t have a limited lifespan, and you will be able to make 10 purchases every day and allow you to spend a whopping €10,500 every 4 days.

Some Card Fees Will Apply

Making payments with it on physical POS terminals is also free, under the condition that the currencies match; otherwise, any ATM withdrawal would cost you 1.75%. Opting for a Net+ MasterCard would only cost you €10 – to cover for the shipping and handling expenses. The currency exchange conversion rate is a 3.99%, and if you’re a VIP client, the amount can be as small as 1%.

NetellerGo for All Business Needs

Neteller GO - for business owners!

With the introduction of NetellerGo to the public, the company decided to introduce a checkout platform within a platform; designed for business owners everywhere. Requiring only a single integration, a business owner gains the ability to access many deposit options including the most popular card brands in the world and local payment options through the entire Neteller payment system.

The Mobile Application is Quite Useful

Just as with the browser-based platform, the Neteller app gives its customers the ability to securely transfer money and gain access to all pre-paid card services, but that’s not all. Punters and online gamblers would be delighted to find out that the native mobile app allows to access the leading websites for betting and gaming, while also supporting 22 currencies. All loyalty, VIP and affiliate programs are also present, making this app a useful tool for financial management.

Cryptocurrency-Friendly

Neteller is one of the few e-wallet service providers out there that allows the purchase of BitCoins. Deposit methods for cryptocurrency have also been into the NetellerGo platform for maximum convenience. So far, Neteller BitCoin is the only functionality supported by the platform. It is possible that in the future other cryptocurrency types might be included under the Neteller brand.

Company Info

Neteller’s origins are traced to Canada – the company began its journey in 1999 and has gone through a variety of changes ever since. The business was moved to the Island of Man in 2004, and in 2015 Paysafe Group Plc had completed a transformational transaction for the global payments industry. Bear in mind that Neteller is not a bank, meaning that it cannot trade, use, or lend customer’s funds.

Bonus up to:

£100 in BC*

New Customers only. Up to £100 in Bet Credits. Sign up, deposit £5 or more to your account and bet365 will match your qualifying deposit in Bet Credits when you place qualifying bets to the same value and they are settled. Min odds/bet and payment method exclusions apply. Returns exclude Bet Credits stake. T&Cs, time limits & exclusions apply.

Bonus up to:

£100*

New Customers; Min. deposit £15 (no Skrill/Neteller); Bonus amount is 50% of deposit up to £100; 6x deposit and bonus turnover (min. odds 3/5 on singles and 2/5 per selection on acca bets), in 30 days, for bonus release; Some bet types don’t contribute to turnover; Withdrawal before turnover results in bonus cancellation; Terms apply; 18+.

Bonus up to:

£30*

* T&C’s apply.

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