One of the biggest challenges Indians face using UK licensed gambling sites, is a safe and secure method to deposit and withdrawal. Perhaps the best solution to this challenge is www.neteller.com – a free online e-wallet that acts much like an online bank account. Once you’ve opened an account at their website you can load funds to your NETELLER account using your credit card or bank account, when you want to cash the funds out you can request an e-check online, and in less than a week the money is in your bank account. NETELLER members can transfer funds to one another, making this an ideal peer to peer payment solution. The much larger draw – almost all online gambling sites accept NETELLER deposits, and almost all online gambling sites will also allow you to withdrawal your winnings to your NETELLER account.
What this all means – when you’re a NETELLER account holder, you can deposit and withdrawal at UK licensed bookmakers such as www.bet365.com using your Indian bank account. The best news is your bank will have no idea you’re gambling online because all transactions to and from will be marked NETELLER as opposed to the gambling site. Considering NETELLER is also a leader in peer to peer transactions – these having nothing to do with gambling – it’s unlikely your bank is going to question the nature of the transactions.
Best Betting Sites to Use NETELLER
How to Create an Account with NETELLER
Creating an account with NETELLER is quite simple. To begin, visit www.neteller.com and click on the section marked “Personal” (this is located at the top right of the home page). You can then start the registration process by clicking “Sign-Up”.
NETELLER will then send an email (check your spam filter if you don’t see it) with a link for you verify your email address. After confirming you’ll then be prompted to provide your telephone number, address and name. In addition, you will have to mention other personal details NETELLER may require of you.
Provide Security Information
During the registration process you’ll provide security information which helps ensure your account is safe at all times. You will have to provide your password and confirm it during the registration process. Also choose a security question and type out an answer that you will be likely to remember. Keep a record of this in a safe place so that you can access it in case you forget your login information.
Ensure that you fill out these details accurately. It is best to take a screen shot of the page after you have filled out the details. This can serve as a record which you can refer to later, if needed. Once you complete the verification procedure, NETELLER will email a secure ID and account ID. The secure ID comprises of 6 digits, while the account ID has 12. Save them, as you require the IDs to use your account.
Next, contact NETELLER’s customer service department in India. When you call use the telephone number you register with at the site. You will then be required to verify a few personal details. Once you complete this, you will be able to access your account online. Every time you log in to use your NETELLER account, ensure that the address begins with https. Here ‘s’ stands for ‘secure’. Typically, you will have to use your password only when logging in to your account at NETELLER. The secure ID provided should be used only when you make a transfer to a site.
Linking and Confirming Bank Account
The final step is linking and confirming your bank account. Even if you were able to fund with credit card (most Indian account holders cannot) it’s still wise to link and confirm your bank account. The reason is the process to confirm takes several days – and the benefits to having a confirmed account are many. These include higher transaction limits, and the ability to quickly cash out withdrawal to your home bank account. You never know when you might hit a large accumulator, jackpot, or underdog long shot; it might be nice to already be set up with the ability to cash out should this occur.
To link your bank account, you will have to click on the Account tab. You will then have to select the ‘verify identity’ option on the page. Clicking on it will then give you the option to ‘Register a bank account’ or ‘Add a bank account’.
NETELLER will request your bank account details. Some of the information you will have to provide: your IBAN number, bank name and SWIFT (BIC) code. Next, you will have to indicate your country (India), city and currency (INR). All these are compulsory fields. Click on continue, and you will proceed to the page where you can check and confirm the details you have provided. This is an important step. Ensure that you review the details for accuracy. If you want to make changes, select the ‘edit’ button. If not, click ‘continue’.
After you confirm your bank account details, NETELLER will transfer money to your account. This is a small amount, also referred to as a micro deposit. The transfer may take as many as five days. To find out the sum of money that NETELLER has transferred to your account, you can employ one of three techniques. First, check your online account balance; second, call up the bank branch you are linked to; or third, check for the amount in your bank statement. Once you receive the money, you will have to confirm the specific amount NETELLER has deposited. This is done to verify that you are the bank account holder.
To complete the confirmation process, you will have to select the option marked ‘verify your bank account’, in your account summary section. On this page, you will have to enter the micro-deposit amount and click on continue. If you enter the sum correctly, it will indicate that you are the account holder. Your bank account will then be verified. Ensure that you enter the number correctly. You will be given four chances in which you will have to get it accurately. If not, you will have to start the verification process again.
Problems Open a NETELLER Account
Anyone interested in betting sports online from India will benefit greatly from having a verified NETELLER account, with their Indian home bank account linked to it. This makes life as a sports bettor so much easier. Unfortunately, all sorts of quirky things can go wrong during the sign up process. Should you experience these, we strongly encourage you to work through them contacting NETELLER support, or working with your bank as needed.
Betting Sites Accepting NETELLER
Once you’re signed up, you’ll be able to easily deposit with www.bet365.com.
Can I get a NETELLER Debit Card?
The answer to this question is no. Prior to February 14, 2011 NET+ cards were available to Indian residents, which allowed them to access their account balances via any ATM machine. Due to changes in policy, both Net+ Prepaid MasterCard and Net+ Virtual Prepaid MasterCard stopped working on this date.
EntroPay as a Neteller Alternative
A consideration when using www.entropay.com as an alternative is their company does not support Indian Rupee as a currency. You can still open an account is USD, EURO or GBP, just the transaction fees are going to be higher due to currency exchange that is involved with every transaction. This is probably a decent option when dealing with bookmakers that accept Indians but don’t offer Rupee currency. When dealing with a company accepting Indian Rupee (ex: Bet365 or Dafabet) Neteller is probably the best choice even though you won’t have a debit card to use.
Once again if you have any questions about opening or verifying your account, we encourage you to contact NETELLER support via their website www.neteller.com.
Note: At EntroPay is now only issuing Virtual Debit Cards to Indians. This means you can spend funds online, but can not withdrawal funds from an ATM. More details in our EntroPay Review.