Neteller is one of many different e-wallet solutions for depositing and withdrawing money from an online betting account. By using it you get all the safety benefits an e-wallet provides and you can move money to and from a merchant (betting site) from your Neteller account free of charge.
You do, however, have to pay to get money in and out of your Neteller account. I will detail these fee’s below my table of recommended online bookmakers that accept Neteller deposits.
Neteller Friendly Bookmakers
*Listings accurate as of 20-04-2018 (UK market).
Neteller Fee’s For Online Betting
As I mentioned in the introduction above whilst moving money to and from any betting website is free with Neteller moving money from your bank into Neteller and out again isn’t always free of charge. This is essentially where Neteller makes their money, that and charging foreign exchange fees.
Free Ways To Fund Neteller
If you’re planning to use one of the Neteller bookies listed above then you’re going to need to get money into your Neteller account before you can move it into your betting account. There are some free ways to do this:
- Debit Card – listed as from free-4.95% so only free for some customers. To check visit the Money In section of your account.
- Local Bank Transfer – basically using online banking or telephone banking to deposit, usually instant.
- International Bank Transfer – very similar to a local but can incur charges from the banks end and take up to 3 days to complete.
- iDeal – an instant bank transfer option available to anyone in the Netherlands.
- Moneta.ru – payment system available in Russia.
- POLi – instant bank transfer for those living in Australia or New Zealand.
- Postepay – rechargeable prepaid card available in Italy.
- Sofort Uberweisung – bank transfer option for anyone living in Germany.
- Giropay – another German bank transfer option.
- Trustly – direct bank transfer option for anyone living in Sweden, Finland, Denmark, Spain, Poland and Estonia.
Note: Some of the options above aren’t offered directly at any betting site. If you want to use a specific method then opening a Neteller account, depositing into it with your preferred option and then moving the money into your betting account will work perfectly.
Fee Incurring Funding Options
If you fund your Neteller account with one of the following options then you will incur a transaction fee as stated. If fee boundary is not listed check the ‘Money In’ section of your Neteller account for exact fee amount:
- Credit card – 1.75-4.95%
- Visa Electron – 1.75-4.95%
- UKash – 3-7%
- Visa Debit – 1.75-4.95%
- Visa Electron – 1.75-4.95%
- Abaqoos Instant Bank Deposit – 1.5%
- Brazilian Quick Bank Deposit – 1.5-5%
- DineroMail – 0-5%
- EPS – 0.75%
- eWire – 1.5%
- Mister Cash Voucher – 1.5%
- Multibanco – 1.5%
- Neosurf – 5%
- PaySafeCard – 9.9%
- Przelewy24 – 1/5%
- Teleingreso Bank Deposit – 5%
- Todito Cash Voucher – 1.5%
Charges For Withdrawing From Neteller
Below I’ve also made a list of what it will cost you to get your money out of Neteller. Remember it’s not the betting websites that are charging you here it’s Neteller charging for moving money in and out of your e-wallet.
1 EUR = approx 80p
- Bank Draft – 7.5-25 EUR
- Bank Transfer – 7.5 EUR
- Cheque – 7.5 EUR
- Member Wire – 10.5 EUR
Net+ Prepaid MasterCard
A separate option is to get a Net+ card from Neteller. These are free and are essentially used like a prepaid credit card. The spending power on your card is whatever your Neteller balance currently is.
Net+ charges are as follows:
- Cash Machine Withdrawal – 4 EUROS per time
- Card Purchases online or offline – Free
If you’re planning to use Neteller to deposit into an online betting account on a regular basis then the Net+ card is the way to go. You can apply for one when logged into your Neteller account by visiting the Net+ section. I’ve got one, have had it for a number of years and it works great.
Better / Alternative Options
If you use PayPal to deposit instead of Neteller then you’ll get a virtually identical service but you won’t have to face any of the fees that are associated with Neteller (PayPal is free for gambling transactions).
Skrill is virtually identical to Neteller in the service it offers. You will have to pay fees though so it’s more of an alternative option as opposed to a better one.