Learn how to use one of the most popular deposit methods - Neteller - to make a deposit on your favorite betting site!
Neteller is a worldwide payment service and deposit method which enjoys high popularity in the betting industry. Neteller is accepted by pretty much every betting site in the world. Neteller (along with Skrill) has become the primary deposit methods for gamblers around the world.
Neteller has achieved high popularity due to the fact that they are both convenient to use and provide a high degree of anonymity. Unfortunately, some Indian players experience issues when using Neteller. So in this guide, we will tell you exactly how to deposit with Neteller in India!
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Should you use Neteller to deposit on a betting site? Is it the right deposit method for you?
There are plenty of reasons why we would recommend you use Neteller next time you make a deposit on your favorite betting site.
Neteller is not only fast and convenient, it's also highly safe compared to other deposit methods.
When you deposit with Neteller, your betting account balance will be credited instantly!
However, there are also plenty of reasons why you may choose not to use Neteller.
At 2.5%, their fees are a bit on the high side in our opinion.
Also, Neteller is widely recognized as a gambling-related deposit method in India, which makes it hard to find any bank that will deposit money to your Neteller wallet.
Here you will find the most common question we get asked about how to deposit on a betting site with Neteller.
Depositing money with Neteller may seem like a complicated affair - but in this guide, we will show you exactly how to go about it!
We will take you through the account setup and funding procedures and help you choose a betting site that accepts Neteller.
By the end of this guide, you will know everything there is to know about how to deposit with this popular payment method.
Yes, using Neteller and depositing with Neteller is indeed legal in India.
Neteller is a large and reputable company that is regulated by the Financial Conduct Authority.
It would be a catastrophe for them to operate in a country illegally.
So you can be quite sure that Neteller is operating with the approval and the oversight of the Reserve Bank of India (RBI).
We wouldn't say it's expensive to deposit with Neteller, but it's certainly not the cheapest way to deposit money on a betting site either.
When using Neteller, you will be charged a 2.5% fee every time money enters your Neteller wallet.
So whether you are making a deposit to your Neteller wallet, or withdrawing money from your betting account into your Neteller wallet, you will have to pay this 2.5% fee.
If you're satisfied with paying the 2.5% fee for the privilege of using Neteller, one of the most popular betting deposit methods, then we recommend you click here to get started.
In some cases, betting sites will not give you a welcome bonus if you deposit with Neteller.
This is due to the fact that it's hard for betting sites to verify your identity when you're depositing with e-wallets like Neteller and Skrill.
This means that technically people could start several e-wallet accounts in order to claim numerous bonuses from the betting sites.
For this reason, some betting sites have chosen not to offer a welcome bonus to players who deposit with Neteller.
However, there are some betting sites, such as Betway, who will give you a welcome bonus, even if you deposit with Skrill.
Yes, Neteller can be used to withdraw money from betting sites.
Making a withdrawal from a betting site with Neteller is easy and usually instant.
Although some betting sites may have a short processing time, once the withdrawal is approved, the money will arrive in your Neteller wallet instantly.
Yes, Neteller allows you to make transactions in Indian Rupees!
This is a great benefit for us Indians because it allows us to save money on otherwise expensive currency conversion fees charged by other services such as banks.
Aside from Indian Rupees, you also have the option to hold other currencies such as US Dollars, British Pounds and Euros in your Neteller wallet.
Yes, depositing with Neteller is very safe!
Neteller is regulated by the Financial Conduct Authority in the UK, which has some of the strictest regulatory requirements in the world.
So you can feel confident that your money is always safe when you deposit with Neteller!
Depositing money to a betting site with Neteller is instant!
When you hit the "Transfer" button in your Neteller account, the money will be available on your betting account the very next moment.
This is definitely one of the biggest benefits of using Neteller. Their service is always fast and reliable!
You will now learn how to make a deposit on a betting site using Neteller.
Although depositing money with Neteller is simple enough if you have a fully-functioning Neteller account, it may be a bit tricky for some Indians to set up an account and get verified.
So the first step you need to take is to open your Neteller account. We will now explain exactly how to go about it.
If you already have a working Neteller account you can skip to step 2.
Even though it may seem complicated to open a Neteller account, we assure you that the process is quite straightforward, and by following our guidelines you will find it quite simple to do.
To open a Neteller account, simply follow the steps below:
Attention: Make sure your name is spelled correctly! The betting site will want your name to be the same when you make a deposit.
At the last step, Neteller will ask you for your country of residence and you will select India and Indian rupees as your preferred currency.
When this is done, hit "Proceed" and Neteller will send you a confirmation email.
Congratulations! You now have a Neteller account. Pretty simple, right?
Now that your Neteller account has been created, it's time to deposit some money into it - the money must be in your Neteller account wallet before you can transfer it to your desired betting site!
Let's take a look at how to deposit money into your Neteller account.
Neteller accepts a wide variety of different deposit methods. If you go to their deposit page, you will see dozens of different payment systems that can be used to deposit on Neteller.
In our opinion, the best ways to transfer money to Neteller are the following:
Each of these deposit methods has a 2.5% transaction fee.
No matter what deposit method you choose, you will not get around this pesky 2.5% deposit fee. Neteller charges this fee whenever you deposit money into your wallet.
Although Neteller technically accepts VISA Cards and MasterCards, the Indian banks that issue these cards have made it difficult to deposit using bank cards. They often refuse to process payments to Neteller due to its affiliation with online gambling. However, there is a solution to this issue.
The solution:
Take your bank card and make a deposit to a Skrill account. When asked, you must specify that the funds are non-gambling related.
When this is done, deposit that money from your Skrill account into your Neteller account. You can now freely use the money to deposit on any betting site of your choice.
The only downside of using this method is that you will have to pay the 2.5% transaction fee on Skrill, as well as Neteller.
Choose one of the deposit methods above and transfer some money to your Neteller wallet - then you will be ready for the last step, which is to deposit money on a betting site.
After making a deposit of money to your Neteller account, you're ready to make a deposit on your betting site of choice!
One of the great things about Neteller is that they are accepted by almost every betting site out there. So you have a large number of choices when it comes to picking your next betting site.
For your convenience, here is a list of the 10 best betting sites in India - and they ALL accept Neteller.
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You're almost there. Select your betting site of choice and make a deposit on the site using Neteller or any of the other convenient deposit methods.
Then you will be able to start placing bets on your favorite sports or playing the most popular casino games in no time!
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