Neteller

NETeller is an online e-wallet that acts as a bridge between online merchants, online businesses in general and willing parties who want to indulge in all sorts of businesses. Furthermore, NETeller allows its users to connect other prepaid cards, vouchers and credit cards to one account. Rest assured, even when your funds are bundled altogether they are safe as they can be. Although the accounts are connected, the funds are kept separately.

Obtaining a NETeller account is as easy as opening an online sportsbook account. You fill out a form with your personal information and you’re good t go. Once the registration process is over you can add funding sources, fund your NETeller account and make deposits or withdrawals.

Even if you’re new to the online sports betting industry you must have stumbled upon NETeller at some point. It’s that popular. Not long ago NETeller made a huge acquisition, which significantly increased their market share. They acquired Skrill formerly known as Moneybookers which was their biggest competitor.

NETeller in the Online Sports Betting Industry

NETeller is included in almost all banking options lists. People who are passionate about sports betting are familiar with the convenience provided by NETeller. It allows them to quickly deposit and withdraw to and from their respective cash accounts. It’s a versatile payment method that will make your other payment methods such as credit cards, vouchers and prepaid cards useful if one online sports book does not accept any of them.

You can deposit and withdraw in a long range of currencies, taking down the boundaries that would otherwise be there solely for this reason.

NETeller users can order a NETeller card for the price of $13 only. With this card you can withdraw as if you were to withdraw with a  debit card.

There’s a rather distinctive duality in the online sports betting market. One group of online sportsbooks favors e-wallets including NETeller and Skrill by offering special promotions and bonus offers that are available solely to NETeller users. On the other hand, certain online sportsbooks tend to exclude e-wallet deposits, making them ineligible for welcome bonuses, free bets etc.

NETeller Fees and Limits

How does NETeller make money? Every transaction you make is a subject to a small fee. If you fund your NETeller balance with a debit or credit card such as MasterCard, VISA or Maestro there’s a fee of 1.9%. Funding your balance with Bitcon comes at a 1% fee, whereas bank transfers that take 2-3 working days to process are free of charge. Due to their business strategy they managed to outgrow Skrill and acquire it. In terms of safety and security, NETeller as safe as a payment can be. As long as you’re the only person who has the NETeller account details your money are safe and sound.