How To Withdraw Money From Neteller To Indian Bank Account
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Depositing to a betting site using Neteller is one of the most common methods in the Indian market. Most of the major online betting sites in India offer deposits via Neteller, as well as withdrawals to this payment system.
On this page, we will break down what a Neteller account is, how to create one, what are the commissions and limits of Neteller in India. And of course, let's find out the answer to the question - "Is Neteller legal in India?"
Here we go!
What Is Neteller Account?
Neteller is an electronic payment system that appeared in 1999 and is registered in England. The popular payment service provides services to individuals and businesses from India and other countries. If you actively bet on sports, and the usual payment methods are not available, Neteller will help solve problems with making a deposit to the betting site.
A Neteller account is a Neteller payment wallet belonging to a user. The wallet has its own balance and allows you to make transfers to other Neteller customers, fund any services, including Indian betting sites, as well as withdraw money to Visa and MasterCard.
The official website of the payment system Neteller.
Users can perform the following operations in the personal cabinet:
Payment for purchases and other payments. From virtual account you can transfer money to more than 10 thousand online-stores.
Transfer funds to other people, including those abroad.
Exchange operations.
Online money withdrawal to bank cards.
The most active holders of e-wallets Neteller are granted VIP-status, but to do this you need to make transactions of more than 10 thousand dollars per year. Premium status can be divided into 5 levels: Bronze, Silver, Gold, Platinum and Diamond. Each of them has higher limits for transactions within the system and for withdrawals.
Create Neteller Account
It only takes a few minutes to create an account in Neteller:
Go to the official website of the payment system: https://www.neteller.com
In the menu select "Free registration".
Carefully fill in the registration form (specify name and surname, primary currency, country, Email and password to the account). Then click the button "Registration" (if the registration button is inactive, you will need to click on the link above it "Terms of use Neteller").
This completes the registration, and you will immediately get into the personal cabinet of the Neteller wallet.
After the first login to the account you will need to fill in additional data about yourself to be able to start using the wallet.
To do this you will need to select "Complete Registration", enter your address, city, zip code, date of birth, and cell phone number (you will also need to confirm it by entering the Neteller verification code from the SMS message that will come to the specified cell phone number).
Verification Neteller Account
Verification of identity is the next important step after registration of your Neteller wallet, because without it the wallet's possibilities will be significantly limited and many types of operations will be inaccessible.
Important: you can proceed to verification only after funding your Neteller account (you can fund it by one of the available methods, or make a transfer from another Neteller wallet).
To get verified in Neteller, you need to:
Select "Settings" - "Verify" in your personal Neteller account.
Next, select "Verify your account via Facebook" or standard verification (consider this option).
The system will suggest downloading Neteller application to your cell phone or verification from your PC (you must have a camera on your PC to take photos of your documents).
Choose the type of document (passport, driving license) and the country of issue, take its photo and upload it.
Take a self photo of the document and upload it.
After uploading the documents, the message "Identity verification pending" will appear.
After identity verification, the next step is address verification (possible by geolocation or after uploading a document proving residence address).
Once the last stage of verification is complete, your application will be in a pending status.
Once Neteller managers have verified the documents and your purse has been successfully verified, you will receive a corresponding letter to your e-mail address.
How To Deposit Money In Neteller
When you make a deposit to Neteller, you will have to pay 1.5% to 2.5% commission depending on your payment option.
In total the following payment methods are available for deposit: UPI, Visa, Visa Electron, WebPay, Effecty, Epay, EPS, Euteller, Fast Bank Transfer, Giropay, iDEAL, International Bank Transfer, Local bank deposit, Maestro Debit Card, Mastercard, Mister Cash Instant Voucher Payment, Multibanco, Netbanking, OXXO, Paysafecard, Paysafecash, POli payments, Przelewy 24, PSE, Rapid Transfer, Rapi Pago, REDPAGOS, Santander, Servipag, Sofort, Surtimax, Trustly
Depositing money to your Neteller virtual account is available in several ways:
From an electronic Bitcoin wallet. You will have to pay a commission of 2.5% of the amount for the transaction. Payment processing time is only 15 minutes.
From a debit or credit card Visa, Visa Electron. Replenishment costs 2.5% of the amount, with limits on the amount and number of transactions. You also need to specify where you plan to use the deposited funds - for gambling or non-gambling.
From a virtual Skrill account with a 2.5% fee. Keep in mind that there are certain limits on the amount. For example, you will not be able to deposit more than 10,000 rupees.
International bank transfer. The transaction will cost 2.5%, but the execution time is 10 days.
Please note that Neteller does not work with cards of payment system MasterCard. You will need a Visa card to deposit and withdraw money. What are the differences between these two payment systems, we wrote earlier in this article.
How to Deposit Money to Betting Site via NETELLER
There is a dependence on the bookmaker's office, but the mechanism is similar everywhere.
Register at the chosen bookmaker's site, where Neteller is accepted.
Go through personal identification (if required).
Go to "Cashier", "Deposit", "Deposit" or another alternative name (each company may be different).
Select the means of deposit Neteller.
Enter the amount and confirm the operation.
Before this, replenish your account in Neteller itself. This is necessary for a successful deposit operation to the bookmaker's office. Pay attention to the minimum and maximum recharge amounts. It will be more convenient to look at the full list of bookmaker's offices.
How to Withdraw Your Winnings from Betting Site via Neteller
To withdraw winnings will have to first (or already after the actions below) to undergo identity verification. Next:
Go to the wallet section of your profile on the betting site.
Select the section with the withdrawal of funds.
Click on Neteller.
Enter the desired amount.
Confirm the withdrawal operation.
The period of withdrawal depends on the bookie. As a rule, it is within 24 hours, but there are exceptions. You can find out more from the support service of the selected bookmaker's office (or in reviews on the Bookmaker Rating website).
Neteller How To Withdraw
Let's break down the options for withdrawal from Neteller in more detail:
To pay for an Internet order without commissions. To do this, you need to specify the number of e-wallet and confirmation code in the payment form. If the currency of the account and purchase differ, a conversion fee of 3.99% will be charged.
To a bank account or to Visa and MasterCard. Withdrawal will take 3-5 business days with a $10.5 fee plus conversion (if applicable).
To the Skrill purse instantaneously, but with a commission of 3.49% of the amount.
To other Neteller users with a 2.99% fee, but not less than 0.5 USD.
Transfer from Neteller to Skrill.
You can use online exchangers for withdrawal or deposit. With their help, it is easy to exchange Neteller to other popular electronic money - UPI, PayTM, Bitcoin and others.
Watch this detailed video to understand how to withdraw money from Neteller to indian bank account:
Neteller Withdrawal Fee
Neteller has quite high commissions, which makes it not the most profitable payment system in India for sports betting.
Withdrawal fees will range from 0% to 7.5%.
Neteller Withdrawal Limit India
There is no minimum withdrawal amount and the maximum is 10,000 EUR which translated to Indian rupees is about 832,000 INR.
Is Neteller Legal In India
Yes. Users using Neteller wallet have nothing to worry about when they deposit in betting sites.
Neteller is a reliable payment system with all the necessary documents. The company is governed by international law as well as Indian law.
Deposits with Neteller is a great way to make a deposit to a bookmaker's site and make a winning bet!