Neteller Betting Sites in India

Withdrawing the balance on your betting site account can be a hassle sometimes. The process could take days or be risky for your financial data, as you must share your information with the betting site. This is the reason why e-wallets have been one of the most popularly used methods in Indian sports betting sites. 

Virtual wallets aim to make money transactions easier and safer between customers and online merchants. You’ll find various e-wallets catering to India, but not all are accepted on major betting sites. Between the options, Neteller is often the most common choice between players in India.

20 Comments
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Bet365 India Review
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Vave Review
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1bet Review
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Tornadobet Review
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  • Approved for Neteller payments accepted
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Rakesh Nadkarni

Betting Sites India

Introduction to Neteller

In short, Neteller is an e-wallet that allows its users to transfer or receive money from online merchants, other e-wallets, or other Neteller users. As an e-wallet, Neteller transactions are quick and almost instantaneous, making it favorable for sports bettors who are looking for the most convenient payment method.

Neteller is popular not only in India, but worldwide. The majority of sports betting sites accept Neteller for deposits and withdrawals, so you can be confident that you can find a good sportsbook that accepts Neteller.

You can use Neteller to transact with various online merchants, including online casino operators. It’s easy to use, and Neteller can connect its account to several chosen local banks in India.

Brief Overview of Neteller

Although Neteller presents itself as a virtual wallet, you can use Neteller for many online financial transactions. This includes personal purchases or business dealings, including trading, gaming, paying utility bills, and many more.

The e-wallet is a product by Paysafe Financial Services Limited and is regulated by the Financial Conduct Authority. Neteller users can also ask for physical cards that Paysafe Financial Services Limited issues and it’ll work with a license from MasterCard.

Neteller is well-liked due to its instant transactions, and the e-wallet is available in over 200 countries worldwide. The virtual wallet supports over 27 currencies, and it’s secured by two-factor authentication. You can also schedule future payments and transactions so Neteller can pay your bills automatically.

Neteller’s History in India

Neteller launched in 1999 as a Canadian virtual payment, but the virtual wallet quickly expanded its services to Europe and Asia in 2004. By now, Neteller caters to over 200 countries, including India. Neteller operates under Paysafe Services Limited, and the Financial Conduct Authority authorizes the company.

How Does Neteller Work in India?

Neteller is a virtual wallet, so you can use your desktop or mobile device to make a Neteller account. Visit Neteller’s site and find the Join for Free button, and fill in all the required fields. Neteller will ask for your full name, email, and password.

You can then fund your Neteller wallet and choose your preferred currency. You can connect your Neteller to local Indian banks if you choose Indian Rupee as your currency. The e-wallet works with ICICI Bank, HDFC Bank, State Bank of India, Bank Baroda, HSBC, and several other Indian banks. Choose the Local Bank Deposit option, then Neteller will show you all the local banks it’s working with.

Neteller will also ask you to choose if you’d like to use your Neteller account for gambling or non-gambling purposes. If you aim to only use your Neteller for gambling purposes, you might not be able to use most of the local bank options. You can use Skrill to fund your Neteller if your bank transactions are declined.

Betting Sites India

Criterias of Choosing The Best Neteller Betting Sites

  • Licensed and regulated
  • Provide extensive betting options and sports events
  • Offers great odds
  • Provides players with a welcome bonus and promotions
  • Accept Neteller for deposits and withdrawals
  • Offers quick payment options

Depositing at Neteller Betting Sites

After choosing one betting site that you like, you can start using your Neteller to fund your betting account. Before depositing, you must register with your chosen sportsbook that accepts Neteller. The site would usually ask you to put several information such as full name, email address, phone number, and others.

When you have your account ready, you can then make your first deposit. Here’s what you must do to deposit using Neteller at betting sites.

Step-by-Step Guide

  • Log into your account and find the Cashier tab
  • Choose ‘Deposit’
  • Find and choose Neteller
  • The betting site will redirect you to Neteller
  • Sign in to your Neteller account
  • Put in how much you want to transfer from your Neteller wallet to your betting account
  • Submit the request

Common Issues for Indian Users and How to Solve Them 

Most local banks in India won’t accept your Neteller account if you’re planning to bet with it. You might still find the local bank option available when funding your Neteller account, but the bank, more often than not, will decline the request.

If this happens, you can use Skrill to fund your Neteller account. Click the ‘Money In’ tab on your Neteller dashboard and find Skrill as a deposit option.

Betting Sites India

Withdrawing Using Neteller at Betting Sites

When you’re ready to withdraw some of your winnings from your betting account, you can use Neteller to withdraw them. This depends on your chosen betting site, as the site might not accept Neteller as a withdrawal method. If you can find Neteller on the withdrawal option and are ready to withdraw your money back to your Neteller wallet, here’s what you can do.

Step-by-Step Guide

  • Find the cashier button and click withdrawal
  • Choose Neteller
  • Fill in how much you want to send to your Neteller wallet
  • Submit the request and wait for it to arrive in your Neteller wallet

Common Issues for Indian Users and How to Solve Them 

After you successfully withdraw from your betting site account to Neteller and want to cash out your bank account, there are times when the bank declines your request. There can be several factors that cause this problem, but the most common one is that the name you put into your Neteller account doesn’t match the one on your bank card. The Money Out feature on Neteller only accepts transactions to a personal bank account, so you can’t cash out from Neteller to other bank accounts with different personal information.

Neteller Betting Sites in India: Safety and Security

When we’re talking about safety and security, we have to ensure not only the payment method is safe, but also the sportsbook that accepts Neteller. On the other hand, Neteller has several things in place to ensure all your transactions are safe and secure.

Neteller’s Security Measures

Neteller, as a virtual wallet, knows the importance of safety and has several features that can guarantee your safety. You can use the Two-Factor Authentication whenever you log in to your Neteller account. Indian Neteller betting sites usually have security protocols to secure your data from third-party manipulations.

Neteller also encrypts all the data it carries using a 256-bit protocol. The Federal Conduct Authority also regulates all transactions going in and out of Neteller so that Neteller can be a safe option for money transactions.

Neteller Account Safety

When you’re doing money transactions, you’ll usually have to share your financial information with the online merchant. This isn’t the case when you’re using Neteller.

Neteller won’t require you to share any information about your account with any online merchant. When you’re paying using Neteller, the only one you have to share your information with is Neteller. This way, all your sensitive personal and financial data won’t be shared with any third party.

Besides that, Neteller also has an anti-fraud system where it monitors transactions in real-time, does IP checking, and also has a security code verification for every transaction. You’ll also get to set three security questions and a pin to secure your Neteller wallet.

Betting Sites India

Neteller Betting Site Bonuses

Sportsbook that accepts Neteller is competitive regarding bonuses and promotions to attract new bettors or keep their loyal ones interested. Some of the bonuses have specific requirements for the payment methods, and you can find some betting sites providing their bettors with a special bonus upon depositing using Neteller.

You can get various bonuses depending on what your chosen betting site has prepared. Sportsbook that accepts Neteller offers various bonuses including deposit match bonuses, free bets, cashback, and more. The bonuses can be seasonal or permanent, so it’s crucial for you to always check with your Neteller betting site to not miss out on any exciting offers.

Neteller for Indian Users: Fee

Most sportsbook that accepts Neteller won’t ask for an additional fee when you’re making any payment to and from your account using Neteller. Some sports betting sites have a small fee attached, which the site usually informs the Payment Methods page or the Cashier section. If you can’t see the fee, check the site’s terms and conditions or ask customer support for more information.

In comparison, Neteller does have a transaction fee based on your account status. Neteller provides its users with two types of accounts: Neteller Standard and Neteller True. All users will begin with a Neteller Standard account, and all money transfers will have a 2.99% transfer fee attached, except if your transaction is above $20,000. Neteller True, on the other hand, will only charge you a 1.45% fee.

After you fund your Neteller and verify your account, you can level your account up to Neteller True. The verification process will include some KYC procedure that requires you to upload documents like a driver’s license and passport or NID. Neteller will then confirm your residential address by uploading any document validating the address you put into Neteller or the utility bill.

You can also eliminate the fee by becoming a VIP user. The lowest VIP level is Silver, and you have to transfer, buy, or sell cryptocurrencies using Neteller with a total of 15,000 USD or more within three months or less. Then, you can start doing money transfers using Neteller without any fee.

Deposits and Withdrawals Limits on Neteller Betting Sites

Each betting site has different limits for Neteller or other payment methods. So, you must check with the sportsbook that accepts Neteller to know more about how the minimum and maximum transactions limit you can do using Neteller. On the other hand, Neteller has transaction limits that will depend on your account status.

You can find this information by logging in to your Neteller account and clicking on Money In to check the limit of how much you can transfer into your Neteller account. Your transaction limit will also increase according to your VIP level.

FAQ

  • Can I rely on the Neteller Payment Method?
    Yes. You can trust the Neteller method of payment. Neteller uses state-of-the-art technology to secure the website contents.
  • Can I contact Neteller customer support?
    Yes. The company works alongside a professional and dedicated team of customer care agents.
  • Does Neteller allow for the use of more than one account?
    No. You cannot open more than one account.
  • What is the maximum withdrawal amount?
    The highest amount you can withdraw depends on the type of Neteller account you have.
  • What is the minimum withdrawal amount?
    The least amount you can withdraw is INR2,800.00
Rakesh Nadkarni