In this guide, you'll find everything you'll need to know about NETELLER esports betting. With traditional banking slowly but surely becoming a thing of the past, e-wallets (otherwise known as e-money services) are just another aspect of how the modern world is making the switch to fully digital-based systems. NETELLER is one of these e-wallets, and is also one of the most popular payment methods nowadays.
Read on to learn more about what NETELLER has to offer, and how you can use it to bet on esports!
Best NETELLER Esports Betting Sites
Below is a list of the most popular betting sites that take NETELLER.
CS:GO Betting Sites That Accept NETELLER
We have handpicked below three of the best CS:GO betting sites that accept NETELLER:
Check out our in-depth guide to CS:GO betting if you're looking to get started.
What Is NETELLER?
NETELLER is owned by Paysafe Group Limited, who also own Skrill and paysafecard. An electronic payment method which is purely based online, NETELLER allows for fast and secure transactions between buyers and merchants, traders and the like.
In short, NETELLER works just like your bank account, meaning you can use it for various sorts of transactions to and from your bank, as well as from one NETELLER account to another. Customers also have an option to receive a physical prepaid card, which they can use to withdraw their winnings from cash machines/ATMs.
Advantages of NETELLER
Betting with NETELLER offers plenty of advantages for punters. One of the greatest benefits is that your personal data is kept completely private, even when making transactions.
- Widely recognised and accepted across various bookmakers
- Extremely secure
By choosing to use NETELLER, you create a middle-man between your funds and the betting site. This means that your bank details are safe and less susceptible to security breach, as the betting sites never receive your bank info. NETELLER also has its own user-protection protocol to help increase your security.
- Minimal withdrawal fees
- Fast and easy to use
- Very high limits
In the betting world, it is common for sites to limit amounts which can be deposited in order to prevent fraud, money laundering and the like. For instance, normally you can only deposit around £2,000 using a debit card, but with a payment method like NETELLER, you can quite easily deposit over £35,000. Nice, right? It gets better. This is also the case for withdrawals, for which there is also not as much of a limit hassle as with other methods.
- Instant transfers
With NETELLER, you can be sure that your deposits and withdrawal transfers will be instant, making the e-wallet one of the fastest and most accessible fund transfer methods. Moreover, by knowing only your email address, password and secure number, you can deposit at most gambling sites. This painless process is why so many people choose NETELLER.
Disadvantages of NETELLER
As we want to allow you to form the best, most facts-based opinion about NETELLER, here are some disadvantages of this payment method you should consider before creating your account.
- Account verification can take some time
The account set-up process is easy, but there are often additional steps that NETELLER asks of you to verify your identity. This is both a blessing and a curse, as it can take some time, but the fact that they go through all this trouble only means that they take their customers' security very seriously.
- Net+ Mastercard (for ATMs) comes with an annual fee
For NETELLER to send you a physical card to use, you need to pay an annual fee of £10.
- Not usable for all bonuses in betting sites
This may be the biggest downside for some punters. Betting sites are far and wide, and in turn they have various bonuses to entice players to use their sites. However, many bookmakers do not accept NETELLER for these bonus payouts (mainly due to the fact it can be easy to use for money laundering purposes), so you would need to look for another method for this.
- NETELLER-to-NETELLER transactions have a charge
- Topping up process has some ‘hidden’ fees
While NETELLER accepts many options for topping up your account, do bear in mind almost all of these have a percentage fee (bank transfers are free).
- paysafecard: 7%
- Debit/Credit card: 1.5%
- Skrill: 3%
NETELLER Fees & Limits
As we mentioned before, NETELLER has very high deposit and withdrawal limits when used at various betting sites. These do vary from bookmaker to bookmaker, however. For instance, LeoVegas and Unibet have some of the lowest maximum limits at £10,000, while Betway and Ladbrokes have a very high deposit ceilings, with the former not having a limit at all, and Ladbrokes a very generous £99,999.
You will be glad to know, however, that when it comes to withdrawing, there are not really many bookmakers that place limits – such as LeoVegas. Unibet caps withdrawals at £13,000, which is actually one of the lowest around.
NETELLER Withdrawal and Deposit Times
All deposits with Neteller are instant, which is one of the reasons it is such a popular payment method with many. Withdrawals, however, can depend on a number of factors, but usually arrive within 24 hours in your NETELLER account. It is when you wish to deposit NETELLER funds back to your bank account that you'll be required to wait a while.
For exact withdrawal/deposit times and limits, make sure to always read the Terms and Conditions of your chosen bookmaker, as these vary between betting sites and can change at any given time.
As mentioned in the cons section, many bookmakers will not allow you to claim bonuses if you are depositing with Neteller. For welcome bonuses, however, there is a simple workaround – you can always create the account with the bookmaker using another payment method, then add NETELLER as a method after you have claimed the welcome bonus.
If there are other bonuses you have in mind, then it's just a matter of finding a bookmaker which will allow you to use NETELLER to claim them. For instance, bet365 seems to allow you to take advantage of their bonus offers with any method, providing you go through some additional security checks on their end. Unikrn and arcanebet, at the time of writing, accept Neteller as a payment method when claiming bonuses.
Read more about esports betting bonuses here.
How to Create a NETELLER Account
Creating an account with NETELLER is simple – all you have to do is follow the instructions below.
- First, go to the Neteller website.
- Click on the ‘Join for Free’ button in the top right-hand corner.
- Provide your email address, password, preferred currency, name, date of birth and gender.
- Enter your address and phone number.
- Click ‘Open Account’.
That’s it! After completing the above steps, your account will be created. Make sure you write down your Neteller Secure ID and store it in a secure place, and keep it at hand for whenever you need it. Also, when prompted to choose a reason for the account, make sure you specify you wish for it to be used for betting; otherwise, all betting-related sites will be blocked when you attempt to make a deposit.
Alternatives to NETELLER Esports Betting
If NETELLER may not be to your liking for whatever reason, below are some alternatives for you to consider instead.
Easy to use, supported by most bookmakers and available pretty much anywhere. However, like NETELLER, Skrill is usually considered ineligible for claiming bonuses, and does charge transaction fees. Read our full article on Skrill esports betting to find out more.
Extremely safe and secure and trusted by top-tier bookmakers, PayPal's main disadvantage is that it is not global, being limited to certain countries only. Furthermore, fees apply when you withdraw to your to bank account. Check out our detailed guide to esports betting sites with PayPal to learn more.
Private and anonymous, deposit and withdrawals via Bitcoin are speedy and secure. Some bookmakers even have special promotions for players who deposit through this method. You should note though that some sites allow only for deposits in BTC, meaning you have to withdraw in another currency. For more information, head over to our guide on Bitcoin esports betting.
NETELLER Betting FAQs
What is NETELLER?
NETLLER is an e-wallet payment method that acts as a middle-man between you and your bank account, keeping your information safe.
What are e-transfer services?
An e-transfer simply refers to the process of (securely) sending funds through the internet.
Is NETELLER the best money transfer service?
How do I bet with NETELLER?
Most bookmakers will allow you to simply add your NETELLER wallet as a payment method on their site, using a few basic details to connect your bookmaker site account to your NETELLER one. Always make sure you have your NETELLER Secure ID handy!
How do I pay with NETELLER?
Any purchase where NETELLER is possible as a payment method will clearly have this outlined as an option at checkout. Bookmakers will have this information in their Terms of Service, usually under an umbrella term of ‘e-wallet’. To get a standard banking card with Neteller, you have to sign up for it on their site and pay a £10 fee.
When was NETELLER created?
NETELLER was founded in 1999 in Canada, and relocated to the Isle of Man in 2004. It was acquired by Paysafe Group Limited, who also own Skrill and paysafecard.
Is NETELLER safe?
NETELLER is one of the safest options for bettors, as it does not reveal your personal banking identification, and has implemented its own measures to protect its users when they make a transaction.
Can I bet on CS:GO with NETELLER?
Of course! Unikrn, Betway and bet365 are just some of the bookmakers that allow you to do so. CS:GO betting is highly popular among esports punters, and thus features at any bookmaker that has an esports section.
Can I use NETELLER in the US?
Yes! NETELLER is a worldwide fund transfer service. Simply check with your bookmaker to make sure they do accept it as a payment method.
What is the average NETELLER deposit and withdrawal time?
Honestly, this depends on the bookmaker. We have mentioned a few examples earlier in this guide, but make sure to check the Terms and Conditions of the bookmaker of your choice, as this can change at any moment.
How do I verify a NETELLER account?
NETELLER needs some personal information from you upon account creation, and this is sometimes enough. If further information is required on your end, they will let you know. Often, this may be a photograph of your ID or proof of your address to verify your identity.
What are some betting sites that accept NETELLER?
What are other services like NETELLER?
What are some other popular payment methods?
Other payment methods that can be used at bookmakers are debit/credit cards, as well as various e-wallets and, in some cases, even cryptocurrencies like Bitcoin can be used.
Do I need to confirm every deposit?
In order to deposit to a bookmaker, simply confirm the payment method with the betting site in question, after which you can use it as a wallet any time.
What is the waiting time for depositing funds?
NETELLER deposits to a bookmaker are instant.
What is the best way to transfer money to my NETELLER account?
This depends on the source of your original funds. However, the best part about NETELLER is that you can combine a variety of payment methods and use them all from one place for betting purposes.
What fees does NETELLER charge?
If using something other than a debit/credit card to top up, make sure you consider any fees you may incur. There may also be charges when depositing your winnings back to your debit card, but you can also just order the Net+ Mastercard and withdraw your funds from an ATM.
What are the benefits of using NETELLER?
Apart from being widely accepted across various bookmakers, NETELLER is safe, fast, and easy to use. It also combines various payment methods into one, and acts as a single source from where you can track all of your betting activity easily.
Are there any downsides to using NETELLER?
Unfortunately, NETELLER is usually not accepted by bookmakers as a viable payment method for claiming bonus offers. In addition, there are fees for NETELLER-to-NETELLER transactions, and the Net+ MasterCard is not free.