Note: Neteller is no longer active in the US market. Neteller stopped serving US customers in 2019 and appears to have no plans to return any time soon, there are currently no Neteller betting sites available to US gamblers.
Neteller is an e-wallet supported by a fair number of legal betting sites and online casinos in the United States. This is one of just a few deposit methods that also support withdrawals, which makes it particularly handy for bankroll management and keeping your gambling money separate from the rest of your personal finances.
Getting started with Neteller involves signing up for an account and then funding it with a credit or debit card. Once you have a funded Neteller account, you’ll find it one of the more convenient deposit methods provided you have a Visa credit or debit card.
That brings us to one of the major caveats associated with Neteller: this e-wallet is extremely limited when it comes to deposits and withdrawals. The only way to fund your account is with a Visa credit or debit card and the only way to withdraw is back to a Net+ prepaid card that will be mailed to you after registering an account.
Note: You may read elsewhere that Neteller offers many different funding and withdrawal methods. That is true, but only outside the United States. I called Neteller myself when writing this article and customer support confirmed that US customers may only deposit with Visa and withdraw via the Net+ card.
However, Neteller has stated it will be improving the service for US customers at some point in the future to introduce new deposit methods, increased deposit limits, a VIP program and an affiliate program. Neteller at one point announced major changes were imminent, but then cancelled those plans the day before they were set to take effect. In the meantime, Neteller remains a very limited deposit method here in the US.
Quick verdict: Neteller is ok, but PayPal and bank transfers are better.
The idea of Neteller is great, but the implementation just isn’t there yet. PayPal offers a similar idea that is implemented in a much more efficient manner with more funding and withdrawal options.
Where Neteller does come in handy is as a backup option when your Visa card deposits are declined (some banks decline all gaming-related transactions as a matter of policy). If you have had trouble depositing with your Visa directly, you can use Neteller as a quick workaround.
Neteller is accepted across a wide cross-section of sports betting, gambling, and online lottery sites in the United States. Numerous NJ betting sites, all three Delaware casinos, and the Michigan Online Lottery all accept Neteller as a deposit method.
How To Deposit With Neteller
Funding your online betting account with Neteller begins with signing up for an account at Neteller.com. This process involves filling out some basic information about yourself, establishing a few security questions, and setting a password. Neteller accounts are free and the whole process should only take a couple of minutes.
Once you have a Neteller account, you can log in and visit the “money in” tab to initiate a deposit. Here, you’ll fill out your credit or debit card information, choose an amount to deposit and confirm the transaction. This part is no different than purchasing something on Amazon with your debit card.
The next step is to log in to your betting site and visit the cashier to make a deposit. Select Neteller as your deposit method and choose an amount to deposit.
One part that may trip up some customers is where your betting site asks you to enter your Neteller Secure ID. Your Secure ID is a private number generated by Neteller and known only to you. By entering the Secure ID number, you confirm to Neteller that it’s really you making the deposit.
You can find your Secure ID number by logging in to your account, visiting the “account” tab and then selecting “retrieve” next to your hidden Secure ID number. Neteller when then send an e-mail containing a Secure ID that will be valid for 24 hours.
Now, go back to your betting site, enter the secure ID and confirm your deposit. Your online betting account will be credited with the funds instantly.
Neteller Pros And Cons
Stark contrasts between Neteller’s pros and cons make it a deposit method that is either very useful or not at all useful depending on your needs.
Neteller Betting FAQ
The Neteller website is a bit confusing to navigate with a wonky search feature, so we offer the following FAQs in an effort to clear things up and give you the answers you need quickly.
A Brief History Of Neteller In The US Market
Neteller was established in 1999 and has an interesting history in the US market that includes a fair amount of scandal. At the time Neteller was launched, online gambling was unregulated in the United States and many online sportsbooks, casinos, and poker sites served the US market in open defiance of the Federal Wire Act.