Find the Best UK Neteller betting Sites
One of the things that makes betting sites in the United Kingdom so accessible is their variety of banking options – and that's why using Neteller betting sites are among the most popular choice .
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There’s a banking method for every situation and every taste, from debit and credit cards to ACH/e-bank and prepaid cards.
E-wallets are also a popular option, allowing bettors to quickly link their bank accounts for withdrawals and deposits into a trusted service provider of choice.
Let’s take a closer look at Neteller, its usefulness on banking at UK betting sites, and how it stacks up against other popular e-wallet services.
Neteller was one of the first e-wallet services available to a wide audience — and it has a long history with online casinos and sports betting.
Launched in 1999 in Canada, the company first became connected to online betting in July 2000, when it was processing the large majority of transactions between bettors and bookmakers. It moved to the Isle of Man, a British Crown dependency, in 2004.
Neteller, currently operated by its parent company Paysafe Group (formerly known as Optimal Payments PLC) has been traded publicly in London since 2004 and has always been a hot property among investors.
In the United Kingdom, Paysafe is regulated by the Financial Conduct Authority as an authorized e-wallet. Neteller also operated in the United States until 2019. It is available in 15 languages and operates worldwide.
Paysafe is also the parent company of one of Neteller’s former digital wallet competitors Skrill, as well as Paysafecard, a prepaid payment option. Skrill is also a banking option on multiple betting sites.
How Neteller Works
On Neteller’s website, customers sign up for an account where money can be added through nearly 40 methods, including direct from a banking account or a debit/credit card.
You can set up accounts in over two dozen major currencies recognized around the world.
Neteller accounts can be used to pay directly for goods and services or customers can link a MasterCard or Neteller prepaid card to their account.
You can also send money from Neteller to other Neteller account holders.
Merchants who use Neteller can also send money directly to other account holders, which is the method by which those betting online can choose to receive withdrawals from their winnings.
Neteller also offers multiple ways for customers to withdraw money, including through checks, ATMs, bank transfers, MasterCard, and more.
Neteller also accepts the following deposit methods: Visa, Mastercard, online bank transfer, Skrill, and Bitcoin.
Available Neteller Products
Longtime Neteller members may qualify for the company’s Neteller VIP program, which may offer lower fees, benefits such as cashback on transfers, and higher transfer limits.
The Neteller Card was launched by the company in 2003 was renamed Net+ in 2008. MasterCard debit cards are offered via the Net+ brand. The card is now limited to those in authorized European Economic Areas.
3 of the Best Neteller betting Sites in the UK
Punters in the U.K. can choose to place bets with several different bookmakers that work directly with Neteller. Here are a few of those top Neteller betting sites.
Betfred is one of the U.K.’s go-to Neteller betting sites, operating as a bookmaker for more than 50 years (it’s also is available in some states in America).
It set up shop online in 2004 and offers a particularly high number of horse races a day to bet on — more than 200.
There are also high winning limits and a wide variety of punts to choose from, including through live betting.
Boasting 1 million customers and more than 20 years of experience, Betfair has grown in popularity significantly in the United Kingdom over the years.
It has a generous sign-up offer and a unique form of betting called the Betfair Exchange, where you can technically become the bookmaker and pick the odds.
One of the longest established bookmakers in the U.K. (it dates to 1934), William Hill offers an exceptional list of sports offerings and lucrative bonuses and promotions.
More experienced bettors can take advantage of enhanced and boosted odds featured in several sports markets.
Another plus: early cashout options for parlays and single bets are an option for certain sports events.
How to Place a Bet Using Neteller
When using your Neteller account to make bets, you’ll go to your bookmaker of choice’s banking or cashier section, where you’ll select Neteller as the payment method.
From there, just enter the amount you’re going to deposit to place a bet. You’ll then be sent to your Neteller account to confirm that you’re making the transaction.
Once you confirm, the funds show up in your betting account and you’re ready to start wagering.
Pros and Cons of Betting Online with Neteller
As with fellow e-wallet companies such as PayPal and Skrill, there are pros and cons to using Neteller betting sites.
Let’s break it all down.
Pros to Using Neteller betting sites
Generally, Neteller betting sites users enjoy relatively high limits for all of their transactions.
Joining the Neteller VIP program means you can request even higher limits, beneficial for those who are frequent users of betting sites or want to make regular substantial wagers.
Since Neteller is not a bank and technically separate from your bank account, all online transactions are not included on bank statements — in print or online. It’s a security measure that online sportsbooks employ to protect their valued bettors.
Speaking of security, in its two-decades plus time in the business, Neteller has developed extensive digital encryption protocols to shield users from identity theft and fraud.
With money being exchanged 24/7 on betting sites, that gives bettors added peace of mind, especially those who are new to betting or trying out an online sportsbook for their first time and linking banking accounts or cards to their betting deposit and withdrawal account.
Not all deposit and withdrawal methods are fast when it comes to betting. Neteller is widely regarded as one of the quickest ways to secure or redeem funds.
That’s particularly helpful when making timely bets or when you’re playing the odds on several sportsbooks at once.
The time it takes for betting account funds to appear in Neteller accounts is particularly swift — usually between 1 to 24 hours. That places its speed ahead of many other methods of payment.
The Prepaid Card Option
Many bookmakers also accept prepaid cards for betting withdrawals and deposits. Neteller users who also use the company’s prepaid card have another option for placing their bets.
Cons to Using Neteller betting sites
Yes, you guessed it. Fees are the biggest cons associated with picking Neteller as your payment method on betting sites.
To be fair, most e-wallet deposits made on sportsbooks come with fees (the amount varies depending on the bookmaker), but other methods such as debit and credit cards are usually free.
Neteller also charges customers for uploading funds and there are also funds for withdrawing money from Neteller to another Neteller customer’s account.
Another big con: Some betting sites do not accept Neteller when used in conjunction with bonuses they may offer bettors.
In an attempt to prevent fraud, deposits made through Neteller and other e-wallet companies are excluded from certain betting bonuses. Always read the terms and conditions of bonuses before cashing them in.
In contrast to other betting site methods, Neteller is restricted in many countries, including the United States. Generally, if you’re betting in Europe, Neteller is one of the most common options for deposits and cashouts.
Neteller vs. PayPal vs. Skrill
While Neteller and Skrill are now owned by the same company and their service levels and offers are practically identical, there are differences to consider among e-wallet options when using betting sites. Here’s how they stack up against each other.
The three share many of the same features and services. For example, you can make mobile payments, set recurring billing, make website payments, and process multiple types of currency with PayPal, Neteller, and Skrill.
They all include online monitoring and use a quotation-based pricing model and are usable on both Android and iOS mobile platforms. All three do not include 24/7 access to a live customer service representative.
PayPal, which originated in the United States and is based in San Jose, California, is generally more accepted and accessible across America, especially on PayPal bookmakers.
Neteller and Skrill generally offer more users rewards and incentives than PayPal, and you can generally use Neteller and Skrill interchangeably.
Notably, Skrill often charges fewer fees than Neteller and when it does incorporate fees, they are often less than Neteller-associated fees.
The most popular questions being asked on the web about Neteller betting answered for you below.
What Kind of Customer Support is Offered on Neteller?
Extensive. On Neteller’s support page, you can type in any question and search for results or you can browse through several customer service pages dedicated to general account questions, payment information, and security issues.
Does Neteller Work with Cryptocurrency?
It does. You can buy and sell cryptocurrency through over 100 different methods and via 28 different currencies from such popular cryptos as Ethereum and Bitcoin.
You even have the option of buying cryptocurrencies each month through Neteller’s Recurring Order feature that does require you to log on to your account.
What Types of Security Controls Does Neteller Employ?
Neteller uses multiple approaches to protecting your identity and preventing fraud.
Among them: 3-D Secure, BIN/IP checking, 256-bit encryption, security code verification through CVV or CV2, and various forms of encryption and firewalls. There is also device fingerprinting and account surveillance.
What Information Do I Need to Provide to Register With Neteller?
You’ll need to fill in your name, physical address, email address, as well as pick a password, to register with Neteller.
Neteller also requires certain documents to be provided to verify your identity, including an official form of identification and a separate photo of yourself. You’ll also need a document to verify your address, usually a bank statement or utility bill.
Can I Transfer Money From My Neteller Account to Those Without a Neteller Account?
Yes. Neteller’s money transfer service allows users to send money worldwide instantly. The usual fee for sending money is 2.99%.