What is Neteller?
Neteller is one of the popular e-wallets players can use to deposit and withdraw funds at online betting sites in Illinois. It is owned and operated by the British Paysafe Group and is available in 200 countries and 15 languages. Neteller was launched in 1999 and can be used to make online payments on different e-commerce websites.
Neteller is a popular payment method in the forex and gaming industry. Additionally, the e-wallet has other features like money transfer options, ATM withdrawals, and prepaid cards.
There are several benefits of using Neteller as a payment option. The first benefit is that it helps customers and merchants to send and receive money quickly using their Neteller account. Shoppers that want to pay at online stores can use Neteller to pay for their goods. Interestingly, users can deposit money into their Neteller account by transferring from their bank account, credit, and debit card.
Neteller uses advanced security protocols to ensure that the information of its users is safe and secured. It also ensures its users go through the required steps to keep their accounts out of the reach of hackers.
Depositing with Neteller on sports betting sites in Illinois
There are several Neteller betting sites in Illinois where players can choose to register with to enjoy the best gaming experience.
Follow the steps below in order to deposit using this payment method:
1. Register a Neteller account
As a new player who doesn't have an account before, you must create one for free on the Neteller site. You will be required to provide some information that will be used to create your account.
Then, you will need to verify your account by clicking on the link sent to your mail. Clicking on the verification link will take you to the login page, where you can access your account with your login credentials.
The next step is to set the currency you want to use, and in this case, you can choose the United States Dollars (USD).
Also, you need to choose Neteller as your preferred payment option, and you will be required to verify your personal information. The verification of your personal information is for security reasons.
2. Fund your wallet
The next step is to fund your Neteller account with any amount you want to play with. We would advise that you link your bank account with your Neteller account.
Linking your Neteller account with your bank account will help you to move funds easily between these accounts. Also, it is secured, and it means you will not be charged any fee for making withdrawals.
3. Register to an Illinois sportsbook that accepts Neteller
After funding your wallet, log on to the cashier page of your sportsbook site to complete the payment process. Choose Neteller as your preferred deposit option, and you will be redirected to log in with your wallet information.
After logging into your account, you can specify the amount you want to deposit into your sportsbook account. Then, you can enjoy the game you choose to play at the sportsbook site.
Withdrawing money to Neteller
Making withdrawals from your sportsbook account to your Neteller wallet is easy and fast. All you need to do is log on to the cashier page again and choose Neteller as your withdrawal option. Then, you will need to select the amount you want to withdraw from your account.
Since you have initiated a deposit using Neteller, withdrawal becomes easy. However, the casino might require you to verify your transaction before you can move your funds.
To do this, you need to provide some personal information that will help the casino verify that you initiated the transaction. Once you have verified the transaction, then you can get your money in your Neteller account.
The processing time of withdrawing to Neteller from a sportsbook sites is between 24 - 48 hours, depending on the betting site you choose.
Once the funds has reflected in your wallet, you have 2 different options to choose from:
Advantages & disadvantages
One of the advantages of using Neteller at sportsbook betting apps is that it is secured compared to other payment methods. When you use Neteller at the betting site, it serves as extra security to your bank account. Your bank information cannot be accessed at the betting site because it is linked to your Neteller account.
Secondly, Neteller is cheap and fast to use at betting sites. Once you deposit funds into your account, it is easy to move money to and from your sportsbook account.
However, the first disadvantage of using Neteller is that you will need to have an account. Since it is an intermediary between your bank account and the sportsbook site, you will have to go through the stress of making an extra transaction using the wallet. Also, you will have to pay a fee when you are depositing money into your sportsbook account.
Advantages of using Neteller
Disadvantages of using Neteller
Neteller verification process
To increase your limits, you will need to go through the verification process. The verification process is to authenticate the identity of the account owner.
The first verification step is funding your Neteller account. You can fund your account by using any option in the “Money In” section of your account. Then, you can upload one copy of your photo identification document on the “Verify your account page.”
Also, you can use the Facebook verification option to verify your account. The Facebook verification option will provide you with two options - download the mobile app or take and upload webcam photos. The “download the mobile app” option allows you to access your Netteller account using a mobile app on your mobile device.
Alternatively, you can use your webcam to take a back and front image of your ID or take a picture. By choosing this option, you can select your country of issuance and document type.
Alternative payment options
Besides Neteller, there are several payment options you can use at betting sites in Illinois. These include Skrill, PayPal, and Venmo. We will be explaining how to use these payment options.
Skrill
Skrill is another popular online wallet players can use to make deposits and withdrawals at top betting sites in Illinois. It is accepted in 180 countries of the world in 40 different currencies.
The first step to using Skrill is creating an account and depositing funds into the account. To a deposit, you will need the email address of the recipient's email address or mobile number.
PayPal
PayPal is another payment solution that facilitates payment between parties through online transfers. You need to link your credit card with your PayPal account to make payments on your account.
However, to make payment, you need to complete the account identification process. You can complete the process after creating your free account on the platform.
Venmo
Venmo is another Neteller alternative that was launched in 2009. It is a peer-to-peer (P2P) payment solution that allows users to exchange money easily. Also, players can access the Venmo app on their iPhones or Android devices.
