Although this is a simple process, it does takes some time to get everything setup. Note that once you have everything in place, moving money around is very swift, you just need to have some patience getting it ready.

As simple as that! If you want a more detailed explanation on how to go through these steps, just read on:

First you need to visit www.neteller.com to signup for an account. Click on the 'Join for free' button, either in the top right or in the middle of the screen.

Now you will be taken to the next screen where you will be met with a signup form. Simply fill in the required information. You need to provide some information confirming your identity, as well as some security info to make sure that your account is protected. This includes a random password that should be strong and also security questions to help verify your account should you be so unfortunate as to lose your account details.

Know that this is all a part of the great care Neteller has for its customers. It might seem like a hassle when you are in the middle of it, but when they save your account from fraud, you will be thanking them.

When you have clicked the 'Open account' button and come to the next screen you will see some text that say an email has been sent to your email for confirmation (go to your email and click that confirmation link to confirm your account) and also your Neteller Secure ID will be displayed there. Be sure to write it down somewhere and keep it hidden.

That is all that is needed to create the account. You should get an email with your account details. To confirm your account you should call Neteller or they will call you, so make sure you have access to the phone number that you used in the signup process. Also keep all the information you gave at hand as they will ask some questions regarding your account. For video explanation look further down.

You can transfer funds to your Neteller account using the most popular payment processors like VISA, MasterCard, Bank Transfer and many others. However, there are fees attached to the funding methods, and these vary depending on which you choose. Here is a list of the most popular ones and the fees attached:

As you can see, the options you should prefer are local bank deposits or international bank transfers. By using these options it might take awhile for your funds to show up in your account, but they are free to process at least. If you are anxious to get on with your betting, VISA and MasterCard hold a 1.90% fee which is ok if you are depositing smaller amounts, but be sure to stay away from the most expensive methods out there like the paysafecard which hosts an almost a 10%(!) fee to deposits.

Also, as we have mentioned further up in the article, you should use either cards or deposits from the ICICI Bank or Federal Bank if you are depositing from India. Those banks allow deposits to Neteller and will yield higher chance of success.

Once you have funds in your account the transfer fees are 0% for depositing at online sportsbooks, so make sure to take advantage of all the free bets, bonuses and promotions that the online sportsbooks offers.