How safe to use Neteller in India

As a Indian blogger i want to share my opinion of using Neteller to Make deposit or Withdrawal at online forex and gambling site is how much Safe |

Neteller use in india how much safe
If You are Indian and want to use neteller for deposit or withdrawal in forex or online gambling site - Stop think read and then Proceeds 

Indians who wager online are well familiar with Neteller. This is a popular e-wallet that acts similar to an online bank account. You can open an account on their website Once your account is open, you can link your local Indian bank account to it by completing their simple verification process. Whilst initially it takes a little time to set things up, once you’re verified, depositing and cashing out of online casinos is a breeze.

NETELLER Transaction Limit Details

What is Neteller

Neteller is an online payments company that lets you make transactions and transfer money to many countries around the world. Established in 1999 in Canada,and moved to the Isle of Man in 2004.Paysafe Group is listed as an "Authorised Electronic Money Institution.
neteller history

In 2015, Optimal Payments Plc (now Paysafe Group) finalized a transformational transaction for the global payments industry – the acquisition of Skrill Group, one of Europe’s largest online payments systems and among the world’s largest independent digital wallet providers

Neteller is now owned by the Paysafe Group, a large payments group that provides payment services online, in person and via other channels. Net.. started as an eCommerce payment gateway specializing in gambling, but has now expanded its services to include an online service that lets you send money around the world, Net.. Money Transfer. Opening an account with Net.. gives you access to that service as well as the Nete.. wallet (whose review you can find at the end of the page). Nete.. money Transfer is fast, simple and inexpensive due to very attractive pricing, exchange rates and fees. 

Is Neteller Legal in India 

Yes, Using Neteller in india are not illegal. To the best of our knowledge there are no laws in India against depositing and receiving money from an online casino or forex with neteller money transfer. The only laws relate to the actual act of gambling and it is unclear if these laws apply to online play. Whilst not legal experts, our limited knowledge suggests gambling online is probably considered illegal in India and the penalty is a small Rs. 100 fine or up to one month in prison. To our knowledge no one has ever been convicted or arrested for gambling in privacy of their own home using a laptop or computer

Depositing with Neteller in India

One of the biggest challenges for Indians are face using UK-licensed gambling sites, is a safe and secure method for deposit options, as well as to withdraw money. Perhaps the best solution to this challenge is Neteller  – 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 account using your debit or credit card. When you want to cash the funds out, you can request an e-check online. In less than a week, the money is in your bank account.

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 withdraw your winnings to your account. It is an easier system than making a bank transfer.

What this all means – when you’re a Neteller account holder, you can deposit money and make withdrawals at licensed bookmakers such as Betway 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 they are 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. It is basically like having electronic money at your disposal.