Esports betting can be fun, but it requires reliable tools, and you must approach it correctly. One of the most important aspects of any online bookmaker is quality online payment providers that can handle many transactions at low costs – and this is where Neteller comes in.
Neteller is a popular payment provider that has become a household name in the online gambling world, and you can find it on every noteworthy esports betting site. In this article, we will explore if Neteller is a good payment method and which are the best sites where you can use it.
Brief History of Neteller
Neteller was founded in 1999 in Canada as one of the first online e-cash transfer services, and it was quickly embraced by the gambling community. Thanks to its privacy features that protect its users’ personal and financial information, any bettor that wanted to preserve his credit score from getting tainted by gambling activities used Neteller.
In the beginning, Neteller was processing payments for 85% of the world’s betting platforms, while 95% of its revenue came from gambling-related activities. The fun stopped when the USA effectively banned online gaming in 2007, forcing the company to leave the country.
Neteller has continued to have a strong presence in the online gambling world, and after Paysafe Group bought it in 2015 alongside its former competitor Skrill, Neteller became one of the primary choices of millions of bettors worldwide. In 2021 the company had revenue of a little under 100 million dollars, showing constant growth to investors.
Which Are The Best Neteller Esports Betting Sites?
Since Neteller first entered the scene, people have used it primarily to transfer funds in and out of online sportsbooks, and the trend continues to this day. Even under different management, Neteller has proven to be one of the most reliable payment methods, walking side by side with Skrill and facilitating payments for millions of gamblers.
Available in more than 200 countries and 22 currencies, Neteller is the perfect choice for esports bettors, no matter where they are from. That explains why 95% of all esports bookmakers accept Neteller and many users prefer it because of how easy it is to make payments, with no hidden fees or extra charges.
It is very uncommon for a bookmaker to charge you for deposits and withdrawals through Neteller, but some try to do so to earn extra money. To avoid low-quality bookies, we have created a list of the best Neteller betting sites, so take a look and pick the one that works best for you.
Luckbox
Luckbox is a website dedicated to esports betting that knows how to offer the best esports gambling experience possible. All modern games are available for betting, and you will find all the necessary features for live betting for both small and big tournaments.
With your Neteller deposits, you can benefit from the multiple bonuses that Luckbox offers to start your betting journey on the right path. Creating an account is simple and fast, and if your Neteller account is ready to go, you can start betting in just a few minutes.
Betwinner
Betwinner is the ideal betting site for wagering on any kind of esports, thanks to its complicated algorithms that will give you betting odds on any game you can imagine. Of course, it still covers major esports titles, but on Betwinner, you can even bet on video games like Overcooked or random pubs of Dota 2.
You can find hundreds of esports markets with excellent odds that can assist you in enjoying your betting to the fullest. If you have a Neteller account ready, you can create an account, deposit the money within a few minutes, and jump straight into the action.
EGB
EGB is a Neteller betting site that needs no introduction. As one of the first bookmakers to focus primarily on esports, EGB has all the characteristics of a great gambling platform. It is easy to use with extra “quality of life” features like a customizable bet slip and free bet stakes to try out how betting feels before you even need to add money to your account.
What EGB excels at is covering Counter-Strike: Global Offensive and League of Legends tournaments. It offers competitive odds for all the big events and even special free bets you can use and give some extra boost to your bets.
Pinnacle
Many esports gamblers are starting to realize the potential of Pinnacle, and thanks to the company’s experience providing sports betting markets for more than 20 years, it created an excellent esports betting hub. The website’s design is very appealing to esports bettors’ tastes, and it is easy to navigate with only a few clicks.
You might be disappointed to find that Pinnacle offers no promotions or bonuses; instead, it focuses on providing the most accurate odds that will benefit you more than just a couple of bet credits. If you know how to follow a good betting strategy, betting on Pinnacle can be a very profitable experience for you.
Silverplay
If you want to join a website that accepts Neteller payments and is great at covering esports, Silverplay is the perfect choice for you. The website is user-friendly, so you can effortlessly browse around and find the matches you want to bet on. In addition, it covers all the popular esports titles with endless entertainment possibilities.
If you encounter any issues, you can count on excellent customer support to solve them for you in a matter of minutes, so you never have to worry about anything else except your bets.
How To Use Neteller On Esports Betting Sites
It is becoming easier and easier to make online payments, thanks to modern methods that are being used by online sportsbooks. Neteller is at the center of this trend, allowing its users to make payments as quickly as possible without compromising security in the slightest.
Thanks to this combination, most esports bookmakers include Neteller as one of their most important payment options. In most cases, the deposit and withdrawal limits are very generous, with some betting sites even allowing you for transactions of millions of dollars. This can vary between different bookies, and for most Neteller accounts, you will have a monthly limit on your transaction amount.
Keep in mind that, normally, esports gambling sites will not charge you any extra fees for Neteller deposits or withdrawals, so if you find one that charges you, you should avoid it since it is trying to cut its costs by charging you more.
How To Deposit With Esports Betting Sites That Accept Neteller?
After you have created an account in an esports betting site that accepts Neteller, you are just a few steps away from starting to bet on the games you want. All you have to do is add some funds to your account, and you are ready to go.
To deposit with esports betting sites that accept Neteller you need to do the following.
- Log in to your account
- Navigate to the cashier and click on deposit
- Select Neteller as the deposit option and enter the amount you want to deposit
- Enter your email connected with Neteller
- Confirm the payment through the Neteller app or webpage
- You are done
As you can see, it is straightforward to make deposits with Neteller, and your money will be transferred instantly to your betting account.
How To Withdraw With Esports Betting Sites That Accept Neteller?
Withdrawing with Neteller is as easy as depositing, but you first need to complete the “Know you customer” procedure. To comply with anti-money laundering regulations, any legitimate gambling site will have to verify your identity before allowing you to get your money. You can complete this process before you need to withdraw money, so you don’t lose time when you want to transfer your funds.
To withdraw from esports betting sites that accept Neteller, you have to follow these steps.
- Sign in to your betting account
- Head to the cashier and pick withdrawal with Neteller
- Select the amount you want to withdraw and enter your email
- You are done
If you have used Neteller to deposit as well, most sportsbooks will remember your email, so you don’t even need to type it. An already simple and easy process is made even simpler.
How To Open A Neteller Account
To use a Neteller account, you obviously need to have one already. If you don’t, you can easily create one from the Neteller official website, provided you live in a country that Neteller operates in, meaning more than 200 countries globally. So chances are that you can create your account without any issues just by pressing a few buttons.
To open a Neteller account, you need to complete these simple steps.
- Navigate to the Neteller official website
- Click on the “Join For Free” button
- Create a username and password
- Add your name and surname
- Done.
To make deposits and withdrawals, you must follow the verification process after logging in to your account. Usually, it doesn’t take too long, but you must insert personal information like your address and ID number. Then you are ready to start using Neteller’s services.
Online Betting With Neteller: Pros and Cons
Neteller is an excellent way to transfer money to and from online betting sites, but it is not without its flaws. You need to make sure that the balance between positives and negatives is worth it for you before you decide on using Neteller for your transactions.
One of the cons of using Neteller is the high transaction fees. You must pay fees for depositing and withdrawing ranging from 0%-4.99%, depending on your chosen method.
If you are looking to do significant transactions, you should choose Neteller because of its very flexible transaction limits. On the highest VIP level, you can transfer up to €600.000 quarterly, which should be more than enough for most esports bettors. In addition to generous limits, the fees become much smaller if you increase VIP levels.
The main benefit of using Neteller is your complete anonymity while making transactions on gambling sites. Banks might get suspicious if you make frequent deposits and withdrawals on any betting site, but Neteller has no problem with gambling, and it will not share your financial information with your bank or anyone else.
Advantages Of Using Esports Betting Sites With Neteller
Neteller is one of the key players in the gambling world, and it has to be doing something right, considering how much attention is getting from bettors. In fact, there aren’t many things not to like about Neteller, and it continues improving its services.
Some of the advantages of using esports betting sites with Neteller are the following.
- Complete anonymity of transaction
- Lightning-fast deposits and withdrawals
- Accepted by most esports betting sites
Disadvantages Of Using Esports Betting Sites With Neteller
The negatives of using Neteller for online betting don’t outweigh the positives, but it is essential to know them to make an informed decision if it’s the right payment option for you.
The following are the main disadvantages of using esports betting sites with Neteller.
- Notable fees per transaction.
- Some promotions don’t apply for deposits with Neteller.
Neteller Betting Alternatives
If you decide on a website that doesn’t include Neteller as a payment option, you will need to choose another payment channel if you want to do your betting there. However, this is no reason for concern since there are multiple reliable alternatives to Neteller, and in some cases, they might even be better options.
We have used all the payment methods we recommend to make sure that they are convenient, great for any form of esports betting, and have high-security standards to protect your privacy. So you can rest assured that you can trust them 100% with your money and personal information.
PayPal
PayPal is something of a sworn enemy of Neteller, and for many years it didn’t join the gambling industry. However, after seeing Neteller’s profits in the gambling market, PayPal decided to join the game, and it has been doing an excellent job ever since.
PayPal is the biggest online payment provider and one of the easiest ways to make betting deposits and withdrawals. You can connect your bank with PayPal, so you don’t even need to transfer funds from one wallet to the other. It is hard to go wrong with PayPal, no matter what kind of betting you want to do.
Cryptocurrencies
It might be a new form of payment, but cryptocurrencies have revolutionized the payment sector worldwide. The gambling world is one of the first industries that started accepting crypto payments, thanks to its unbeatable security and anonymity features that make every payment unique and confidential.
Depositing and withdrawing money with cryptocurrencies is extremely fast, and more and more sportsbooks are starting to focus their resources on crypto payments. Even betting sites, like Stake, are branded as “crypto casinos,” thanks to the ease of use and popularity of cryptocurrencies.
Neteller vs Skrill
Neteller used to be Skrill’s competitor, but now both companies are under the wings of the Paysafe Group. Even though they are working under the same company, the services they offer are not the same, with some key differences between them.
First of all, Skrill has lower fees than Neteller. While a transaction with Neteller will cost you 2.5%, using Skrill will see that figure drop to 1.9%. The 0.6% might not seem like a lot for smaller transactions, but for thousands of dollars, these numbers add up. On this, Skrill is the clear winner.
On the other hand, if we are talking about big bettors that need to move thousands every month, then Neteller is the best option. Skrill and Neteller both have similar VIP systems, but Neteller has an extra level reserved for very high-volume transactions. The fees are lower than Skrill if you are on the highest level, and you get many exclusive benefits that Skrill doesn’t offer.
Most people will find that Skrill is the better option since it is cheaper than Neteller, and it still can do pretty much everything Neteller does without any quality drops. The only case where you would prefer Neteller is if you wanted to place huge bets to take advantage of the lower fees on the highest VIP levels.
Conclusion
Neteller is one of the world’s most widely accepted payment providers, with millions of gamblers using it. If you value your privacy, Neteller is perfect for you since you can complete transactions without the need to share your banking information.
Once you find a good esports bookmaker that accepts Neteller, you can start betting immediately once your betting account is created, courtesy of Neteller’s stellar services.
FAQ
Can I use Neteller to bet on esports?
Yes, you can use Neteller to bet on esports on most bookmakers. Thankfully, 95% of all online sportsbooks accept Neteller, so you will have no problem finding one that can offer quality esports betting with Neteller payments.
Which esports betting sites accept Neteller?
Numerous esports betting sites accept Neteller, with some of the most notable being Luckbox, Betwinner, and Pinnacle. They are all quality bookmakers offering excellent betting markets and competitive odds for all the major esports events. Thanks to your Neteller account, you can start betting in just a few minutes.
What documents must I provide to verify my Neteller account?
The documents you must provide to verify your Neteller account include an ID document (passport, driver’s license, or ID card) and an address document (bank statement, utility bill, etc.). The verification process is usually done within a day, so you don’t need to wait long until your account is ready.
Does Neteller charge any fee?
Yes, Neteller charges fees for most of its transactions. It is set for both deposits and withdrawals with extra costs and money transfers from one Neteller account to another.
Is Neteller the same as Skrill?
No Neteller is not the same as Skrill, although these two payment providers are really similar and even owned by the same company. Skrill is a slightly better option since it can offer lower fees for the average bettor, but the difference from Neteller is not significant.
