Neteller Cricket Betting Guide

Neteller Cricket Betting Guide

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When it comes to deposits and withdrawals from online bookmakers, Neteller is, without a doubt, one of the trusted names. It is a convenient and swift payment method where transactions would only take a few minutes to be completed. The transactions are free of charge, although your bank could have some fees when funding your Neteller account. Once your Neteller account is funded, you can use it with ease. Should you wish to find out more about Neteller, keep on reading below.

About Neteller

Neteller is a payment portal created in 1999 and originated in Canada. It was later on acquired by the PaySafe Group Plc. The primary focus is on becoming an online wallet or e-wallet that specializes in online payment processing. The majority of the transactions it processes are for the online gambling sector causing more than 90% of the revenue and turnover. At a glance, Neteller looks like a bank, but it is not. It is purely an online payment processing portal.

Why should you use Neteller?

The usual way of funding your online betting account is through the use of a credit card. However, a credit card is not always an option, as some credit card issuers do not allow payments to online gambling portals. If this is the case, an e-wallet is the best option. The majority of online betting sites accept payment from Neteller, and the transaction is instant. With just a few clicks, you can guarantee that your online betting account will be sufficiently funded.

Neteller in India

Indian punters are allowed to create their Neteller account and use it to fund their online gambling account. However, there is one particular issue, and that is moving funds out of India. Remember that Neteller is located in the Isle of Man under British Rule. What happens is that your credit card issuer will block the transaction once it detects you are transferring funds from your Neteller account. This issue is rooted in the Reverse Bank of India and the enactment of the Liberalized Remittance Scheme. What this states is that it restricts the number of funds that Indians can move out to a specific country annually.

Processing through ICICI Bank

The ICICI Bank is one of the best routes when processing payment to and from Neteller. The transaction made by ICICI Bank seems to be pretty smooth and quick, which is not the case in other major banks in the country. If you are from India and you want to fund your Neteller account, the ICICI Bank is your best option. Aside from the ICICI Bank, we also found Federal Bank helpful.

How to open an account with Neteller?

The process of opening an account with Neteller is simple and easy. In less than five minutes, you can have your Neteller account set up. Once your account is set up, moving money to and from your Neteller account would be a breeze. Let’s go into details about creating your Neteller account.

  1. Visit Neteller’s official website. On the homepage, you will find the phrase that says “join for free” found at the top right-hand corner of the homepage.
  2. A registration form will appear where you need to fill in all needed information such as your personal details to confirm your identity. You will also be asked to provide security information to ensure your account is protected. You will be asked to create a random password, which is a combination of letters, numbers, and characters. That way, your account will be less likely to be hacked. You will also be asked to set a security question to be used in verifying your account in the event you lose your account details.
  3. Confirm your email add and Neteller Secure ID. The security ID appears on the next screen. Make sure you write it down because you probably need it later. Once you’re done with this step, your account is now set up and ready to use. For account confirmation, there are instances when Neteller will call you to ensure you have access to your phone number, the one you use during the signing up process.
  4. Once your Neteller account is successfully created, you can now log in to your account and go to the section that says “money in” to start depositing money in your Neteller account. To ensure the success of the deposit transaction, you will need to transact with banks like Federal Bank and ICICI Bank.

Funding your Neteller account

Funding your Neteller account is easy as there are plenty of methods to do so. The most popular way is through the use of bank cards like Mastercard, Visa, and Bank transfer. You do have to note that there are fees attached to it and the total amount varies depending on the deposit method you selected. Below are the common deposit methods and the corresponding fees.

  • Mastercard and Visa Cards – 1.9% to 4.95% of the total deposit amount.
  • Bank transfers are free of charge.
  • Bitcoin – 1% of the total deposit amount.
  • Paysafecard – 7% of the total deposit amount.

If you want to save money, your best option for funding your Neteller account is a bank transfer because it is completely free of charge. However, the issue with bank transfers is that the fund transfer is not instant. It would take a while for the money to reflect in your Neteller account. Should you wish the money to be in your Neteller account right away, the best option would be Visa and Mastercard, but you have to keep in mind that there is a nominal fee.

The most expensive fund transfer method is Paysafecard, and so we strongly suggest you stay away from such a method of funding your account. As we mentioned earlier, only banks like ICICI and Federal allow fund transfer to Neteller, and so you have to stick by these banks should you don’t want to experience any issues with funding your Neteller account.

Final Thoughts…

Neteller is one of the best payment methods for online gambling accounts. The fund transfer is instant, and you can use it for depositing and withdrawing funds to and from your online gambling account. Setting up an account is easy, although you might find the required information, security questions, and verification a complex process, but it’s Neteller’s way of keeping your account safe and secure.