Many gamblers in India have experienced difficulties when funding their online playing accounts, having had payments declined by banks and credit or debit card companies, but now thanks to Neteller India, withdrawals and deposits couldn’t be simpler. Read on to find out more about Neteller.
What is Neteller?
Neteller is an e-wallet solution for electronic transfer of money. E-wallets became very popular due to their instant nature of money transfer and especially among gamblers in countries like India who were regularly finding payments via bank transfers and credit or debit cards to gambling institutions to be declined.
Neteller is one of the most trusted e-wallet services available to customers worldwide, including India. You will need to provide Neteller with proof of ID and address and be over 18 and that is all you need to start enjoying secure online transactions. Registering is quick and simple and once Neteller have verified you by calling you your account can be used to transfer money to and from an online gambling account.
Their site is well protected and every single transaction you perform is 100% safe thanks to the state of the art encryption Neteller uses.
Neteller India withdrawals and deposits
You will be given a Neteller Express Account by default when you register. This will have limits to the amount of money which can be deposited or withdrawn at any time, but the good news is you can upgrade to an Extended Account quite easily where there are no limits. It generally takes just a few days to upgrade your account after contacting Neteller and informing them you wish to do so.
Neteller will allow you to transfer funds in and out of your account using several different world currencies, including rupees.
Funds can be withdrawn from your Neteller account in two different ways, by bank wire transfer or cheque. You can only withdraw money once you have been verified by Neteller.
When choosing withdrawal via bank wire transfer there is a fee of 550 rupees (or 2.9% of the transaction total if using other currencies) and the transfer generally takes between 2 and 10 business days. You will need to provide your bank’s BIC or swift code and IBAN to Neteller India before withdrawal is possible.
If you wish to receive a cheque the fee is 400 rupees to have it sent via standard mail or 1400 rupees to receive it via express mail. It can take up to 14 days to receive a cheque.
Funding your Neteller account via bank transfer is pretty much instant which means no waiting for money to clear before you can then transfer it to the online casino or betting site of your choice.
E-wallets are among the best ways for Indian gamblers to gamble online completely hassle-free and with Neteller India withdrawal and deposit of funds couldn’t be easier.
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