{"id":3776,"date":"2022-11-11T19:31:47","date_gmt":"2022-11-11T19:31:47","guid":{"rendered":"https:\/\/www.newbettingsites.co\/?page_id=3776"},"modified":"2023-08-16T14:58:39","modified_gmt":"2023-08-16T14:58:39","slug":"why-are-betting-offers-limited-for-ewallet-deposits","status":"publish","type":"page","link":"https:\/\/www.newbettingsites.co\/articles\/why-are-betting-offers-limited-for-ewallet-deposits\/","title":{"rendered":"Why Are Betting Offers Limited For eWallet Deposits Like Skrill & NeTeller"},"content":{"rendered":"
Those of us that enjoy placing a wager or two with online betting companies know that one of the most sensible things that you can do is to keep an eye out for offers. Though a lot of sites put forward loyalty offers for customers that bet with them on a regular basis, the majority of the best promotions are limited to new customers.<\/p>\n
In order to take advantage of said offers you usually have to make a deposit into your new account, often finding that the amount that you deposit will have a direct influence on the size of your bonus offer.<\/p>\n
The problem is, most betting companies limit the deposit method that you can use when placing a deposit and looking to take advantage of an offer. Within that eWallets<\/a>, especially Skrill and NeTeller, tend to be excluded by gambling sites, meaning that punters will need to use an alternate method for their deposits if they wish to be able to take advantage of the promotion being put forward.<\/p>\n There are numerous reasons for this, though the main one is that they are less discerning when it comes to verification processes than banks and other deposit methods.<\/p>\n Before we start getting into the nitty gritty about why it is that betting sites don\u2019t allow customers to take advantage of their offer if they have deposited funds with Skrill or NeTeller, it is first worth having a look at what those two companies actually are.<\/p>\n The two are quite similar, not least of all because they are both owned by the same parent company. That company is Paysafe Limited, formerly known as Optimal Payments Plc. They are slightly different, even if they were competitors in the same market for a time.<\/p>\n NeTeller is an eWallet service that gives customers the opportunity to add and withdraw money to and from merchants and other people, as well as the chance to transfer funds. It also offers a pre-paid card in the form of the Net+ card, which is currently available in eight different currencies.<\/p>\n Skrill focusses on low-cost international transfers of money, with payments able to be made through the internet with a Skrill account. You can see how similar they are in what it is that they offer and why it is that they were rivals when first launched.<\/p>\n When Skrill and NeTeller both first launched as companies, the idea was for them to make it as easy as possible for punters to transfer money. Whether it be sending money to other people or specifically focussing on companies seeking payment, the whole point of businesses like Skrill and NeTeller were their simplicity of use.<\/p>\n As a result, the two companies are less forthright when it comes to the identification of the customers that use their services. For an industry that is obsessed with money laundering and is always scared of bonus abuse, this is problematic.<\/p>\n The consequence of this is that betting companies will not accept Skrill or NeTeller deposits when it comes to making use of their bonus offers. This is because many people have attempted to use such services to sign up for multiple accounts<\/a>, therefore giving them the opportunity to get bonus money numerous times, when really it should be limited to just one per customer.<\/p>\n This is especially the case with Skrill, which was set up as an eWallet for gambling sites during the company\u2019s more formative years, so its base user has long known it as a method to avoid detection.<\/p>\nWhat Are Skrill & NeTeller?<\/h2>\n
Why Don\u2019t Bookmakers Like Them?<\/h2>\n
Money Laundering<\/h2>\n