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Keeping your gambling bankroll totally separate from all your other money makes it easier to track your progress, monitor your spending and avoid the temptation of spending your betting bankroll on other things.
The current iteration of Neteller for US customers only accepts Visa debit and Visa credit cards for loading funds. This is set to change at some point in the future, but Neteller has not released a timeline as of now.
It provides instant access to your Neteller funds and purchasing power much quicker than you would get by requesting a bank transfer which usually takes a couple days.
The good news is a recent e-mail from Neteller indicated the company may be adding new withdrawal methods in the near future.
Neteller serves as a firewall between your bank account or credit card and your betting site. Deposits made with Neteller are only confirmed after you generate a hour Secure ID from inside your Neteller account and provide that ID to your betting site.
At no point in the process of depositing does your betting site ever see your credit card number or banking info.
The customer support section of the Neteller website is not very helpful. Additionally, the Neteller website often provides information that contradicts what the customer support people provide on the phone.
On a more positive note, calling customer support was relatively painless and my call was answered in under a minute both times I called.
The support reps had strong accents that made them difficult to understand, but they were able to answer all my questions quickly. The Neteller website is a bit confusing to navigate with a wonky search feature, so we offer the following FAQs in an effort to clear things up and give you the answers you need quickly.
However, withdrawing cash at an ATM will subject you to any fees charged by that ATMs. Neteller currently only accepts Visa credit and debit cards for loading funds.
Neteller has confirmed it will be adding additional deposit methods in the future, but for now the only way to load funds is with a Visa-branded card.
This is a prepaid card only, and the only money that can be spent is whatever you have in your Neteller account at that time.
Signing up for an account with Neteller and making your first deposit will automatically prompt Neteller to send a card to the address you provided when you signed up.
Neteller was established in and has an interesting history in the US market that includes a fair amount of scandal.
At the time Neteller was launched, online gambling was unregulated in the United States and many online sportsbooks, casinos and poker sites served the US market in open defiance of the Federal Wire Act.
Back in those early years, online gambling was not on the radar of US authorities and Neteller established a firm foothold as one of the most popular deposit methods for offshore gambling sites.
Neteller grew quickly during those early years with traditional banking institutions hesitant to touch anything related to online sports betting or gambling.
It was especially popular for poker players who could use Neteller to quickly move from one poker site to the next without withdrawing all the way back to their bank accounts.
After competing e-wallet PayPal left the US gambling market in , Neteller became the de-facto deposit method of choice for gamblers in the United States.
The passage of the Unlawful Internet Gambling Enforcement Act of UIGEA near the end of signaled a turn in fortune for Neteller, but company execs failed to react properly in time.
Neteller offers its users a choice of prepaid cards, which are also useful when it comes to making withdrawals of winnings.
Rather than transfer your money back to the funding source you originally used to top it up, you can not only spend it at online retailers that explicitly allow for Neteller payments but also, using these cards, spend it either online or instore at basically any retailer.
Neteller offers virtual prepay cards for online use. You simply generate a card from within the account section and you are given all the details that a retailer would prompt you for — card number, security code, expiry date.
Similarly, users can buy a prepay physical Mastercard from the company. These work in ATMs and POS terminals around the world and make spending gambling winnings just as convenient as using a Visa or Mastercard but with a lot of added security.
Neteller offers users a great balance of security, privacy, and convenience. For US users, the service can act as a bridge between a bank account and an online casino either in the US or elsewhere.
The legality of this will depend on the state you live in, though. The company provides an e-wallet service that allows for instant deposits and much faster withdrawals than the likes of Visa or MasterCard.
The Neteller service also allows a greater degree of privacy for its users. Show more Hide. Updated :. Players are welcome.
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