Written by:
Oliver Dickinson
Fact checked by:
Alex Windsor
Updated:
January 11, 2024

Neteller Betting Sites

Neteller Betting Sites

Important Note: Neteller officially stopped offering its services in the United States in 2019. It remains unclear if this popular payment platform will choose to reenter the US market in the future. For now, there are no legal online US sports betting platforms accepting Neteller for deposits or withdrawals. You can instead use pretty much identical eWallets to bet online on the following sportsbooks (PayPal, Skrill):

DraftKings Sportsbook

4.8/5
  • Minimum deposit $5
  • Sleek and easy-to-use user interface
  • Plethora of betting options
  • Range of regular promotions
  • Limited withdrawal options
  • Needs a better rewards system
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FanDuel Sportsbook

4.7/5
  • Minimum deposit $10
  • Vast coverage of sporting markets
  • Supports ewallets & traditional payment methods
  • Promotions are kept exciting
  • App layout is a bit cramped
  • No NFL live streaming
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BetMGM Sportsbook

4.6/5
  • Minimum deposit $10
  • Plenty of payment methods available
  • Well-designed Android & iOS app
  • In-Game wagering
  • Football live streaming is not available
  • Customer service contact has to go through FAQs
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Caesars Sportsbook

4.4/5
  • Minimum deposit $10
  • Reliable and user-friendly app
  • Most lucrative first bet promotion in the market
  • Huge market depth and coverage
  • Best rewards program in the industry
  • Experience can vary per state
  • Frequently changing its features
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Neteller is a global payments processing system that launched in 1999. Over the past few decades, it has grown considerably and now serves more than 200 million users around the world. Unfortunately, Neteller completely stopped serving the US market in 2019 and no legal US online sportsbooks accept this e-wallet for payments.

Prior to 2019, Neteller was a popular payment platform used by many US sports betting sites. It gained praise from many customers for offering quick, cheap payments in a variety of currencies. Many remain hopeful that Neteller will reenter the United States in the future, yet there is no indication that will take place.

Not everyone was impressed at what Neteller had to offer as a sportsbook payment option, though. It had received some complaints about its somewhat long transfer times and ability to block customers without proper justification.

The MinimumDepositBettingSites.com team is here to explain how Neteller works for sports betting. Our experts will also provide information on this company’s departure from the US market. Continue reading to learn why there are no longer any Neteller betting sites operating in the United States.

About Neteller

Neteller is an online payment platform operating in more than 100 countries. It acts primarily as a platform to transfer money, yet it can also be used to make purchases. It has no banking license and instead focuses on facilitating fund transfers to and from merchants.

The world is filled with electronic money-transferring services. Neteller was among the first to appear, having launched back in 1999 in Canada. It began expanding rapidly and was eventually acquired by the Paysafe Group, a British global payments group, in 2004.

Neteller is available to use across various industries. It gained much attention as an accepted payment method by various online gambling platforms around the world. Unfortunately, it stopped operating in the United States in 2019 and there are no legal Neteller betting sites operating in the country.

Today, Neteller serves several functions. They include the following: 

Neteller still enables customers and businesses to make free, cross-border payments. It accepts payments in 22 different currencies and remains a popular electronic payment system for more than 200 million people around the world.

How Does Neteller Work for Sports Betting?

All online sports betting platforms utilize a banking system to allow their members to deposit and withdraw funds. Oftentimes, these platforms allow for a variety of banking options, ranging from traditional ones such as debit cards, and third-party payment systems like PayPal.

Neteller is one of the accepted third-party payment systems accepted by many online sportsbooks around the world. The small fees, cross-border payment accessibility, and quick processing times make this a good option to deposit and withdraw funds with an online sportsbook.  

Before this e-wallet can be used for sports betting deposits and withdrawals, players must create a Neteller account. We will explain the steps to do so. Once an account is created, Neteller can be easily used for sports betting.

How to Create a Neteller Account

The sign-up process at Neteller is fairly simplistic. Essentially, it consists of filling out a registration form, choosing a specific password, and verifying your identity. Once this process is complete and your identity is confirmed, you will have access to the various payment services that Neteller provides.

Below, we highlight the steps necessary to create an account with Neteller.

  1. Visit Neteller.com and begin the registration process by clicking the “Join for Free” button.
  2. Provide Neteller with your personal information including name, home address, and social security number.
  3. Choose a password for your new Neteller account.
  4. Verify your ID.
  5. Request a Net+ card.

Once these steps are completed and you have received your Net+ card, you can begin using this payment processing company for a variety of services. If outside the US, that includes using Neteller for sports betting.

To fund a Neteller account, players can use a debit or credit card. Before this can be done, users will need to choose their preferred currency. Neteller accepts over 20 currencies, including USD.

Neteller Sportsbook Deposits

Depositing funds via Neteller is simple. Simply choose Neteller as a deposit option and choose the amount of funds you want to add to your sportsbook account. These funds will be immediately transferred from your Neteller account into your online sportsbook, generally with no fees attached.

Neteller Sportsbook Withdrawals

Withdrawing funds via Neteller is extremely simple, too. If an online sportsbook accepts Neteller as a withdrawal option, it will be clearly listed. Choose this option and select the amount of funds you would like to withdraw. In most cases, online sportsbooks charge zero fees for this type of payout.

As we mentioned, none of this is possible until you have created an account with Neteller. Fortunately, this process is extremely simple.

Legal Situation with Neteller Betting Sites

Neteller officially stopped operating in the United States in 2019. Prior to this decision, Neteller had dealt with numerous issues serving US sports bettors. The problems began back in 2007 when a New York Southern District attorney filed charges of money laundering against the company.

Two top executives within Neteller were arrested that year. Officials claimed that Neteller had processed billions of dollars in illegal gambling funds. Despite the serious charges, Neteller continued operating in the US in a limited capacity for 12 years. It no longer acted as a payment option for US online gambling sites, however, resulting in a 65% loss in its annual revenue.

Neteller was forced to make some major adjustments during this period. The company chose to focus primarily on its services in Asia and Europe. Finally, in 2019, Neteller executives decided that enough was enough and the company officially ceased all of its operations in the United States.

Neteller is no longer legal to use in the US. It remains to be seen if that will change in the future, yet there are no indications that this payment processor plans to relaunch in the United States anytime soon.

Additional Countries that Do Not Accept Neteller

Neteller was forced to focus on other markets after formally leaving the US in 2019. It has worked hard to expand and is now available to use in more than 100 countries around the world. In many of these countries, Neteller is one of the most-used payment options for online sports betting platforms. Today, it is used by more than 200 million people.

Of course, there are areas of the world in which Neteller is not available. A list of countries that do not have access to this payment processor can be seen below.

Neteller Pros and Cons

Neteller is a quick, efficient payment processor that serves a variety of functions. It has gained high praise from many users for offering extremely fast payment transfers in many different currencies. It has a few cons that some users have pointed out, too. Learn about the various pros and cons of this popular platform below.

✅Pros❌Cons
Extremely cheap money transfersNot available in the United States
Digital wallet functionalityOccasional customer support issues
Serves as a cryptocurrency exchangeCan only withdraw cash using the Net+ card
Net+ cardAbility to block users
No fees for storing moneySomewhat complex website interface

Best Online Betting Banking Alternatives to Neteller

As we have already pointed out, Neteller remains prohibited in the United States. No legal US online sportsbooks accept this payment processor for deposits or withdrawals. Fortunately, there are many great alternatives to Neteller that can be used for legal sports betting in the US.

DraftKings Sportsbook

4.8/5
  • Minimum deposit $5
  • Sleek and easy-to-use user interface
  • Plethora of betting options
  • Range of regular promotions
  • Limited withdrawal options
  • Needs a better rewards system
Bet $5, Get $150 In Bonus Bets
Play Now

FanDuel Sportsbook

4.7/5
  • Minimum deposit $10
  • Vast coverage of sporting markets
  • Supports ewallets & traditional payment methods
  • Promotions are kept exciting
  • App layout is a bit cramped
  • No NFL live streaming
No Sweat First Bet Up To $1,000
Play Now

BetMGM Sportsbook

4.6/5
  • Minimum deposit $10
  • Plenty of payment methods available
  • Well-designed Android & iOS app
  • In-Game wagering
  • Football live streaming is not available
  • Customer service contact has to go through FAQs
Bet $5, Get $150 in Bonus Bets
Play Now

Caesars Sportsbook

4.4/5
  • Minimum deposit $10
  • Reliable and user-friendly app
  • Most lucrative first bet promotion in the market
  • Huge market depth and coverage
  • Best rewards program in the industry
  • Experience can vary per state
  • Frequently changing its features
$1,000 First Bet on Caesars
Play Now

FAQs

  • Which US sports betting sites accept Neteller?
    Neteller stopped operating in the United States in 2019. Due to this fact, there are no legal US online sportsbooks that accept Neteller as a payment option.
  • How is Neteller used for sports betting?
    Neteller acts as a money transfer service. It can be used to deposit and withdraw funds via an online sportsbook. Unfortunately, Neteller cannot be used for sports betting in the United States.
  • Does DraftKings Sportsbook accept Neteller?
    No. DraftKings Sportsbook does not accept Neteller as a payment option to deposit or withdraw funds.
  • Does FanDuel Sportsbook accept Neteller?
    No. FanDuel Sportsbook does not allow deposits or withdrawals to be made using Neteller.
  • Does Neteller charge a fee for online sportsbook deposits and withdrawals?
    Neteller typically charges a transaction fee of 1.5% of the total amount of money transferred. Many online sportsbooks that accept Neteller choose to absorb that fee, allowing deposits and withdrawals to be made completely free of charge.
  • Will US sportsbooks begin accepting Neteller in the future?
    Neteller has shown little interest in breaking back into the US market since leaving in 2019. There is no indication that this payment processing platform will become an accepted cashier option by US online sportsbooks again in the future.
AUTHOR
Oliver Dickinson

A football fan through and through, Oliver is a valued writer and contributor at Minimum Deposit Betting Sites. He boasts over 7 years of experience writing reviews, predictions, and picks for a variety of US and Europe-based websites.