Neteller has become one of the most convenient and widely used online payment methods around the world, as it’s available in around 200 countries. People choose it because of its availability, ease of use, security, and solid reputation, and sportsbooks have recognised that as well, giving bettors many options for sports betting with Neteller withdrawal.
Neteller has been around since 1999, which is enough time to build a reputation as a safe, fast and reliable payment method. With the many options users have to deposit into their Neteller account, it has become a favourite payment method for many bettors, especially those who don’t enjoy sharing their banking details with betting sites.
Betting sites with Neteller withdrawal are a common sight nowadays, so bettors shouldn’t have much trouble finding one that suits their needs. You should, however, pay attention to the welcome bonus offers a sportsbook offers before signing up because it might exclude Neteller as an eligible payment method for claiming the bonus.
How to Withdraw Funds from Neteller Sports Betting Sites
Most sportsbooks that offer Neteller as a deposit method also give you the option to withdraw funds with this e-wallet. If it’s your preferred method that you always use on betting sites, make sure to check if the sportsbook lists Neteller among its available sports betting withdrawal options.
Using Neteller to withdraw funds from your sports betting account is quite simple. If you are betting with Neteller withdrawal, here’s how you withdraw money from your sportsbook account to your e-wallet:
- Make sure you meet the withdrawal criteria, especially if it is the first time you withdraw funds from a betting site
- Head to the cashier page (or the corresponding tab in your user profile) and select withdrawals
- Choose Neteller from the list of available payment methods
- Enter the amount you want to withdraw and confirm the withdrawal
You might need to go through additional verification at this point, especially if you didn’t go through the entire KYC process when you signed up with the sportsbook. Betting sites with Neteller withdrawal typically offer almost instantaneous transactions, or at least pretty fast ones that shouldn’t take more than 24 hours. If we consider that transactions can take up to five days when using bank transfers or debit or credit cards, Neteller is definitely a better option.
If you are then withdrawing funds further from your Neteller wallet, additional fees will apply, depending on the payment method and the provider you choose.
Advantages and Disadvantages of Using Neteller as your Betting Withdrawal Method
We don’t even have to tell you that there are both advantages and disadvantages of using Neteller betting withdrawal, as all betting payment methods have them. The question is, when you weigh all the pros and cons, is Neteller still your preferred method to make deposits and withdrawals on a sports betting site?
Here are the advantages and disadvantages we noticed when we used Neteller to withdraw from a sportsbook:
Advantages:
- Neteller is easy to use for both deposits and withdrawals
- Transactions are fast if you are not required to do the additional verification at that point
- Your payments are secured by the encryption technology that protects your data
- You don’t share any banking details with the sportsbook
Disadvantages:
- Even though it’s widely available, Neteller is still not accepted at all sportsbooks
- Neteller imposes fees when transferring funds from the e-wallet to your bank account
Every sportsbook has withdrawal limits, so you should check those for every withdrawal method as well so you don’t encounter any unpleasant surprises when you try to withdraw your potential winnings.
