Australian Payment Methods 2024: Neteller

Neteller is one of the most popular e-payment systems derived from the internet age, used online for payments in a variety of industries.

Thanks to the number of benefits that come from using it, which we will talk about shortly, it has been adopted as a payment method by thousands of punters across Australia for betting on racing and sports.

On this page, we’re going to explain exactly what Neteller is before detailing where and why you could use it.

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About Neteller

Neteller is essentially an online wallet - an eWallet - where you can deposit funds before spending your money online.

It was created in 1999 as an alternative to services like PayPal, which had debuted the previous year, and quickly gained popularity as people jumped on board and discovered its benefits.

Why Use Neteller?

For punters specifically, here are the benefits you can get from choosing to use Neteller over many of the alternative options that can be found at online betting sites in Australia:

Fast Payments


With your funds in your Neteller wallet on standby, you can make very quick deposits into your betting account. Funds will always be available straight away.

Withdrawals are fast, too, often being the preferred choice over regular debit cards for this reason.

Secure Payments


When you use Neteller to pay bookies or move money between accounts, you can be certain that you are protected around the clock thanks to the latest anti-fraud measures and security safeguards.

Anonymous Payments


There are many people out there that prefer to keep their hobbies private and away from the judgemental eyes of financial institutions which have been known to reject lending requests based on any level of gambling activity.

When you use Neteller, all your bank will see are the payments you make to Neteller when you top up your account.

Top Neteller Betting Sites

Neteller is actually one of the most popular forms of payment for betting sites, with plenty of them accepting it as a payment method.

Here are some of our top picks for punters that are looking for a new betting site where they can use Neteller for deposits and withdrawals:

Bet365 Australia


Bet365 is one of the few Australian betting sites to emerge as a leader in a crowded industry. We feel comfortable recommending Bet365 since it is one of the oldest and most successful online bookmaking organisations in the world. 

Betfair Australia


Betfair, which has been around since 2005, is both a sportsbook and an exchange for wagers. They boast that they are the biggest P2P betting platform in the world, and the only one based in Australia. 

The Betfair Exchange provides a unique online betting experience for Australian punters that love sports and are happy to put their money where their mouths are.

Unibet Australia


Unibet, one of the world's largest gambling sites, is a great option for punters in Australia. They provide a wide variety of sports and racing markets and give decent odds. 

When compared to the rest of the world, this gaming behemoth is little in Oz. The company has a solid reputation, excellent racing goods, and cutting-edge promos, all of which are helping it gain market share in the booming Australian online gambling sector. 

MidasBet


With great odds and member rewards, Midasbet provides a great combination of horse racing and sports betting.

Markets are drawn from all significant Australian tracks as well as from significant overseas jurisdictions and territories for thoroughbred, harness, and greyhound racing. Compared to certain bookies there is a more restricted selection of sports to bet on but all of the favourites are certainly covered.

Neteller Security & Safety

Neteller's cutting-edge anti-fraud and security features provide you peace of mind whenever you use it to transfer funds to bookies or between accounts.

Neteller is a reliable and secure payment option that is on par with using a traditional bank.

Neteller Processing Times & Fees

When making payments in and out of your Neteller account, you won’t encounter any fees, however there is a 1% deposit fee when initially adding funds to your Neteller wallet from your bank account.

On the bright side, processing is always very quick, so you’ll never be waiting around for very long for your funds to clear.

How To Make A Deposit With Neteller

You can make deposits into your betting account with Neteller using the exact same method you would use to make a deposit using a regular debit card, except you just need to make sure you’ve got the funds added to your Neteller wallet first.

Go to the Account section of your chosen bookie, navigate to the Deposit section and then follow the guidelines laid by the bookie, choosing Neteller as the deposit option during the process.

Don’t forget to enter the bookmaker’s code during your first deposit if required.

Neteller Pros & Cons

Fast processing.

Easy to use.

Secure transactions.

Accepted by top betting sites.

Bank won’t see betting habits.

Fees when topping up your Neteller balance.

Not as widely accepted as other options.

Neteller Betting Site FAQs

What Is The Best Payment Method For Australian Bookies?

If you’re looking for a “best” payment method, you might want to consider what your requirements are. All payments methods have their pros and cons, so you need to find the method that’s right for you.

Is It Safe To Make Payments With Neteller In Australia?

Neteller has been one of the leading eWallets since it was established back in 1999. You can trust the security systems they have in place to protect you and your money.

How Long Do Neteller Payments Take To Deposit Betting Funds?

Depositing into your betting account using Neteller will mean your playing funds are immediately available to use.