Neteller: an e-wallet for deposits and withdrawals
Neteller is an e-wallet often used for gambling and betting payments. Like other wallets, it sits between your bank and the operator: you load it once and use it to pay in and to receive withdrawals, without entering card details at the cashier.
Availability and limits depend on the operator and your account — check the cashier.
Making a deposit with Neteller
Choose Neteller in the cashier, enter the amount and confirm. You will either be redirected to log in to Neteller or asked for your account ID and a security code, depending on the integration. Approve the payment and check that the deposit appears in your balance before betting.
Withdrawing to Neteller
If you deposited with Neteller, the cashier normally offers the same wallet for withdrawal. Request the amount, wait for the operator's approval and the money arrives in the wallet. Moving it on to your bank is a separate step with Neteller's own conditions. If you deposited with another method, the cashier may require the withdrawal to go back there first.
Currency and conversion
A wallet can hold several currencies. If your betting account and your wallet use different currencies, the money is converted on the way in and on the way out. Matching the wallet currency to the account currency avoids paying for conversion twice.
Names and verification
The Neteller account must be in your own name. Operators may ask for a screenshot of the wallet profile showing your name and account ID when you first withdraw. Neteller verifies its users separately; an unverified wallet may have limits of its own.
Bonus terms
Some promotions exclude deposits made with certain e-wallets, including Neteller. Read the payment section of an offer before depositing if you intend to claim it.
Using Neteller for a monthly bankroll
An e-wallet suits the unit-based approach described on this site. Load the month's betting bank into the wallet, deposit from there and send any withdrawals back to the same wallet. The wallet balance then shows at a glance how the month is going, separate from your everyday account. If the wallet is empty before the end of the month, that is the signal to pause rather than to top it up from your card.
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