Neteller betting sites are popular worldwide, including in Australia. It provides a secure, fast, and user-friendly way to make fast deposits and withdrawals with little to no extra fees - something that punters are always looking for.
Neteller was founded in Canada in 1999 and, following its move to the Isle of Man in 2004, grew to become one of the most used e-wallets globally. It’s widely accepted by online gambling sites, making it a suitable alternative to other popular e-wallets, such as PayPal and Skrill. In this guide, we’ll cover everything you need to know.
While Neteller is a solid option for online gambling, it has its pros and cons (like everything else in life). However, as you can see below, the advantages far outweigh the downsides:
Before we look specifically at why Neteller is one of the best sportsbook payment methods in Australia, let’s first take a look at the basics of making a transaction with this e-wallet.
To keep it simple, we’ll begin with a quick step-by-step guide:
Naturally, the first thing that you need to do is create a new Neteller account (assuming that you don’t already have one).
This is how you can get started:
You can now fund your Neteller account using one of the following payment options:
Here’s how to fund your Neteller account:
Next up, you need to sign up for an online bookie that accepts this e-wallet. You can discover the top Neteller betting sites in Australia right here via the banners on this page.
In general, you will find that domestic (Australia-based) sportsbooks don’t accept Neteller. It’s therefore best to look towards the overseas betting brands that are licensed to operate in Australia, like Ladbrokes or bet365.
Once you have chosen a site, follow the required steps to create and verify your betting account.
You can now deposit funds into your online gambling account using Neteller. The process of doing this will differ slightly from site to site, but we’ve provided you with all of the general information in the section directly below this.
With the basics out of the way, let’s now take a more specific look at making online betting deposits and withdrawals using Neteller.
Once you have selected a betting site that accepts Neteller, you must create an account and then take the following action:
At the other end, this is how you can withdraw your winnings from your betting account using Neteller:
Note: To withdraw using Neteller, you should have used it for your last deposit. That’s why none of the five steps above ask you to provide your email or Neteller ID, as it should already be saved.
One of the reasons why people prefer Neteller debit cards, Google Pay betting sites, and other alternatives is that it is often faster. The processing time varies on the site, but after the initial review period, Neteller betting withdrawals are often credited to your account within 24 hours.
The good news is that Neteller doesn’t charge you for retail transactions made with merchants who accept them, and online betting falls into this category. You are never charged for receiving money into your Neteller account, which is one of the reasons why it’s a popular withdrawal option for online betting.
If you want to withdraw the funds from your Neteller account to your bank, you will be charged a $10 (USD) fee per transaction. However, as we said above, you can use your Neteller account to pay for things at retailers or service providers who accept it. Therefore, you could theoretically use the money from your gambling withdrawals to buy things you want or need without having to pay additional fees.
While we’re here, we should point out that while Neteller won’t charge you a deposit or withdrawal fee, the online bookmaker might. That’s why it’s always worth checking their payment T&Cs first.
Here’s a quick table to summarise what we’ve learned above:
| Transaction description | Fees |
| Using Neteller as a deposit method: | No fee ✅ |
| Depositing into your Neteller account: | Up to 2.5% 💳 |
| Withdrawing from your betting account to your Neteller account: | No fee ✅ |
| Withdrawing from your Neteller account to your bank account: | 10 USD 💲 |
When you first create your Neteller account, you will be able to use it to send and receive money straight away. However, once you reach a certain threshold, which differs in each country, you will be asked to verify your ID.
However, you can get ahead of the game by proactively verifying your ID from the start. We recommend this as it gives you full account access and saves you time doing it later on.
You can do this as follows:
As is commonly the case, you need to typically upload the following two document types:
| Verification document | Examples | Notes |
| Photo ID: | Passport, driver’s license, national ID card | Must be valid for at least three months, and you will need to upload the front and back of the card (except for passports). |
| Proof of address: | Bank statement, utility bill, government letter | Must be dated within 90 days, and your name and address must be clearly visible. |
You need to upload a selfie alongside the two verification documents detailed above. This is so that a comparison can be made between the photo ID and your face to verify that it’s you.
Neteller was created as a digital wallet for online transactions in 1999, emerging just one year after PayPal. It quickly became popular for online gaming and betting, thanks to its high security levels, low fees, and privacy (you don’t have to charge your bank or personal details when you send or receive money using Neteller).
The company moved to the Isle of Man in 2004 before going public on the London Stock Exchange a year later in 2005. Although no longer available in the US, it remains a popular e-wallet in Australia, Europe, and other key regions across the globe.
Compared to using your credit card or bank account directly, Neteller and other e-wallets are safer and more private. This is because you don’t have to share your bank details or personal data with the betting site, reducing your online paper trail.
In the step-by-step deposit guide that we provided earlier, you will have noticed that there was no requirement to enter your name or any banking details - just your Neteller ID and authentication code. Effectively, Neteller acts as a middleman between you, your bank, and the betting site.
In other words, the bank doesn’t know that your money is going to a gambling site, which is good for your credit rating. At the same time, your online bookie doesn’t have your bank details, which is good for your privacy and online financial security.
In all honesty, it’s not just Neteller that offers the benefits we’ve described above. Skrill and PayPal betting sites are popular choices for the same reason, so how do we know which e-wallet is best for online gambling?
Here’s a quick side-by-side comparison to help you decide:
| Neteller | Skrill | PayPal | |
| Online betting deposit fees: | None | None | None |
| Online betting withdrawal fees: | None | None | Up to 2.6% + $0.20 (AUD fixed fee) |
| Deposit speed: | Instant | Instant | Instant |
| Withdrawal speed: | Up to 24 hours | Up to 24 hours | 0 - 3 business days |
| Deposit fee ( funding your e-wallet): | Up to 2.5% | Up to 2.5% | None |
| Withdrawal fee (from your e-wallet to your bank): | $10 (USD) or 1.45% | $10 (USD) or 1.45% | 1% to 3% |
Before we finish, here are the three most essential facts about using Neteller to find your online betting account:
In summary, Neteller is fast, secure, and private - three components that make it the ideal e-wallet for online betting. That being said, it isn’t accepted everywhere, so check the banners on this page for the top Neteller betting sites where you are today.
Once you’ve found a site, create and fund your Neteller account, then sign up to the online bookie, deposit and start betting. At the other end, you can make fast, low-fee withdrawals.
The answer to this question depends on where you are betting from. For example, in Australia, the domestic-based bookies don’t take Neteller, but the overseas brands mostly do.
Yes, Neteller can be used for online betting, but not all bookies accept it. Start by checking the comparison at Dimers.com to see which betting sites accept Neteller in your region.
You won’t be charged a fee for using Neteller to make deposits and withdrawals on a betting site. However, there are fees charged for depositing into your Neteller account and withdrawing funds from it.
Playing at online sportsbooks, real money casinos, and sweepstakes sites should always be safe and enjoyable. Keep control of your activity by following responsible gambling guidelines such as:
Decide on a budget you’re comfortable with and stick to it. Once it’s gone, stop playing.
Trying to recover losses often leads to overspending.
Avoid playing under the influence, or when angry, stressed, or tired.
Take breaks and ensure gambling doesn’t cut into time with family or friends.
Learn the rules, bet types, odds, and payouts before playing to avoid mistakes.
Make use of features like budget limits and self-exclusion.
If you or someone you know is struggling to gamble responsibly, these free, confidential resources can help:
To make sure you get accurate and helpful information, this guide has been edited by Nick Slade as part of our fact-checking process.



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