How to make betting deposits with Neteller in India
Neteller is a highly popular payment platform that is accepted at many online retailers across the world. They are especially famous for being used by many online betting sites. In fact, you can make deposits with Neteller on pretty much every online betting site on the market. Players love the convenience of being able to deposit with Neteller.
But how do you actually get started and make a deposit on a betting site with Neteller? If you have never made a betting deposit before, we imagine this question may be on your mind. But in this article, we will show you exactly how to make an online betting deposit using Neteller. Let’s have a look at it!
Step 1: Open a Neteller account
If you don’t have a Neteller account already, then this is an important first step to take. Setting up a Neteller account is easy and can be done in just a few minutes. You can create a Neteller account by visiting Neteller.com and clicking on the “Join for Free” button in the top right corner. Then you will be redirected to a signup page.
On this signup page, you will type in a few personal details about yourself. Make sure to type in these personal details correctly. It is important that your name is correct. When you make a deposit to a betting site, the betting account and Neteller account must belong to a person of the exact same name.
After typing in personal details such as your name, new password and email address, you will receive a confirmation email from Neteller. Click on this email to confirm your email address, and then you will be redirected to your Neteller dashboard. Your Neteller account is now active, and you are ready for the next step.
After arriving at your Neteller dashboard, you will be asked to set your country and currency. Select “India” as your country and “Indian Rupees” as your currency. Now, you will be asked to type in some additional details about yourself. This is done by Neteller to comply with international laws regarding money laundering. When this is done, your Neteller account is ready to go!
Step 2: Transfer money to your Neteller account
In order to make a deposit on a betting site, you must first transfer some money to your Neteller account. This money can then, in turn, be deposited on a betting site.
Transferring money to your Neteller account can be accomplished in a number of different ways. You can choose to make a bank transfer (slow but reliable) or you may have the opportunity to deposit with a bank card ( fast but uncertain). Not all Indian bank cards are able to deposit money on Neteller. We recommend that you try, and if it fails, then use the bank transfer option.
You can deposit via online banking by using the Indian UPI (Universal Payments Interface)
Neteller is commonly associated with online gambling, so many banks are afraid that they are processing a gambling transaction. Therefore, they have banned all outgoing payments to Neteller. This is also why it’s difficult to make bank card deposits directly on a betting site for Indian players.
So what are the alternatives? Well, if you would like to deposit with a bank card but your card is denied by Neteller, you could try to use your bank card to purchase cryptocurrency and then deposit on a betting site that accepts crypto. Read more about cryptocurrency deposits here.
What are the fees on Neteller?
When you deposit money to your Neteller account, you will be subject to a 2.5% fee, regardless of the deposit method you use. When you make a payment using Neteller the transfer fee is 1.45%. This makes Neteller cheaper than PayPal but more expensive than Skrill. You will be able to see all applicable fees before you confirm your transaction.
After transferring money to your Neteller account, you will be ready to make a deposit on a betting site!
Step 3: Make a deposit on a betting site
Now that the money has reached your Neteller account, you are ready to make a deposit on the betting site of your choice. Pretty much every betting site in India accept Neteller, so you will have a wide range of different choices.
The betting site will usually NOT charge a fee when you deposit with Neteller
One of the obvious downsides of making a deposit with Neteller is that many betting sites do not provide players who deposit with Neteller a welcome bonus. This is due to the fact that they need to comply with strict Anti Money Laundering regulations which prevents them from knowing your true identity when you deposit with Neteller.
But do not despair - some betting sites do give out welcome bonuses - even if you deposit with Neteller. For example, LeoVegas is a gambling site that doesn’t discriminate depending on the deposit method you use. They will give you a nice welcome bonus in the form of a profit boost on your first bet up to a value of Rs. 10,000. Not bad right?
So if you’re ready to make a deposit on LeoVegas and claim your welcome bonus, then hit the green “Claim” button below to get started at once!
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Most betting sites accept deposits via Neteller. Here is a full list of the best betting sites in India who all accept Neteller deposits!
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