What Is A Neteller E-wallet?
Neteller PLC is a public trading company that is listed on London’s AIM exchange. Neteller offers a safe and secure internet funds transfer service. Neteller is one of the top alternative funds transfer service providers around the world and the company has been offering safe online transactions since its inception in 1999.
They are based at the Standard Bank Building in Douglas, which is located in Isle of Man. The company also has various other global offices in places like England, Canada, Costa Rica, and China.
When you open a Neteller account, it acts as a type of e-wallet that allows you to upload, transfer, and withdraw funds. Clients can transfer funds to and from any merchant website instantly as long as the website uses Neteller’s online payments platform.
How does Neteller Work?
Neteller clients use it to transfer money in a secure and convenient way. Once you sign up for an account, all you have to do is enter your Neteller Account ID, your Secure ID, and the figure that you wish to send from your Neteller accounts. The transfer happens in real time, which means instantly.
Neteller clients do not need to enter their personal bank or credit card details at each website they wish to do business with. They conveniently only have to enter their details once on the Neteller site, which then allows them to make quick and painless transactions at a large variety of websites.
Online merchants can do business with Neteller clients but they do not have access to the client’s bank or credit card details. This means that you only have to trust one company with your private details and not tens or hundreds.
They allow clients to choose from one of many convenient methods to load and withdraw funds via their Neteller accounts. Some of these methods include credit card deposits and InstaCash transfers.
They also offer various payment options that you won’t find at other internet payment systems, such as options specifically designed for European and North American customers, like their own Internet banking facility.
Another great feature is that you can choose how long the transaction will take by selecting the transfer method of your choice. Depending on the method and the fee involved, payments can be instant or take between two and three business days. Their instant option is called InstaCash, and the longer method involves transferring funds from your bank to your Neteller account.
The Pros and Cons Of Neteller
Neteller allows their bettors to transfer funds from their bank or a credit card to an online sportsbook but the bad news is that Americans and Canadians can no longer use this specific service, view the full list of Non-service countries here. Also keep in mind that some sportsbooks charge ten to fifteen dollars for this service while others don’t.
You can sign up for a FREE account and they do not charge a fee for transferring funds to merchants. You can also do peer to peer payments with a 1.45% charge set at a minimum of 0.50USD.
Please note: As of 22 February 2021, the following Fee will apply:
- Foreign exchange Fee – 4.49% per transaction added to the NETELLER wholesale exchange rates.
- Withdrawal Fee from NETELLER Account to a Skrill Account – 3.49% per transaction.
Benefits of Signing Up to Neteller via Latest Casino Bonuses
Signing up to Neteller is quite beneficial on its own, but there are ways to use this payment processing service to your advantage all the more. Players who are interested in holding an account with this e-wallet service are now eligible to get instant Bronze status – the first tier of the Neteller VIP Loyalty program. Climbing up the two next steps – Silver and Gold VIP – of the Loyalty ladder is also made easier, and at the same time optimized, especially in terms of limits.
Account holders are still eligible to the regular perks of their respective VIP levels, such as dedicated and personalized account management. And best of all, you can start getting all this in less than a day, which is what verification lasts under these circumstances. So all you have to do is follow the link to sign up and start getting all this today!
|NETELLER payment method fees and facts|
|Available accounts||1 account (1;2;3;4;N/A different currency accounts)|
|Account management fees||free|
|Account unused||unused for 12 months: 5.00 USD (or equivalent) /month|
|Exchange fees (FX)||3,99% (3.79%; 3,19%; 2,79%; 2,39%; 1.29%)|
|p2p Money transfer|
|Send money p2p||1.45%, minimum 0.50 USD (1.45% money transfer fee with min. of 0.50USD for Bronze, free of charge for Silver, Gold, Platinum and Diamond)|
|Receive money p2p||free|
|Instant bank transfer||2.5%|
|Bank transfer||10 USD|
|Prepaid card at the ATM||1.75% (1.75%; 1.75%; $6; $6; $6)|
|To merchant site||free|
|Cashback and promotions|
|Promotions||none (regular low-prize draws)|
|PrePaid card||Net+ Prepaid MasterCard|
|Fee to order||10 EUR|
|Costs at points of sale||free|
|Online bank statement||free|
|New prepaid card||10 EUR|
|Cash withdrawal at ATM limits/24h||1,000 USD (1,000; 1,000; 3,300; 3,300; 3,300)|
|Points of sale limits/24h||2,250 EUR|
|Delivery time||2 -10 business days|
|Two factor authentication||Two-step Authentication|
|Fee to order||free app|
|Delivery time||right after app installation is completed|
|Money-back guarantee in case of fraud||for all NETELLER users|
|Link to terms & conditions||https://www.neteller.com/en/policies/terms-of-use|
Will I face some kind of fee for making online casino deposits and withdrawals via Neteller?
When it comes to Neteller processing fees, the site currently states a flat 2.5% funding fee across the variety of payment processors. However, sending money to partnering merchants, including Neteller online casinos, is free of charge. Some fee may be charged to your account during the opposite transaction – once you have the winnings safely withdrawn into your e-wallet, getting them to your bank account, cash service or other cashout option could incur a charge.
Could I set up my Neteller account in the same language as my casino site is?
Neteller is available in about 20 languages so far, all in order to fit the needs of its international customer pool. These include Greek, Polish, German, Danish, Spanish, French, Italian, Chinese, Arabian, Russian, Portuguese, Japanese and more. If you feel more comfortable gambling in your own language and have thus chosen such a casino, fear not, as Neteller quite about as many language options to match your needs.
Does Neteller charge a flat currency exchange fee; does the same apply for cryptocurrency?
This depends on the rank you hold as a customer – regular ones do pay the flat 3.99% foreign exchange fee that is charged by practically any service in the industry. Nevertheless, as you climb the VIP levels, you can reach as little as 1% foreign exchange charges. Benefits are available for crypto token sales and purchases, however, it is also notable that the general charge for transactions using USD and EUR is 1.50%. On the contrary, crypto operations with other fiat currencies will see you charged a flat 3% fee.
What are some suitable alternatives to Neteller for all those living in the non-service countries?
Neteller works as one of the top e-wallet services, meaning it represents the new, modern range of payment processors. Therefore, any of the remaining services that fit the description should be fitting alternatives. Such services include the famous PayPal, as well as Skrill, Trustly and many more.
Can I use Neteller on my mobile device, and if yes, how?
Yes, Neteller is fully available on mobile devices, smartphones and tablets both. It works via an inherent app, designed for both Android and iOS operative systems and respectively available at the Google Play Store and Apple App Store for immediate download. The app works more or less the same as the fully-fledged online product, allowing transactions in both directions. What is more, account holders can further apply security measures – Secure ID or dual-code authentication, just like in the standard version.
What is Net+ Prepaid MasterCard?
In an attempt to make the service as accessible and widely applicable, Neteller has decided to join forces with one of the largest traditional credit and debit card processing companies – MasterCard. They now issue a card to a select portion of their customers, called the Net+ Prepaid MasterCard, eligible at specific regions. This card allows customers to gain further access to their Neteller funds at points of sale, and practically any location that accepts MasterCard.
Member's feedback (11)
4.3 / 5
It was a very informative video about Neteller.
3.9 / 5
0.5 / 5
I very much have a major issue with Neteller. The fees are disgustingly high and when doing any kind of transfer, the fees are even higher. I found customer service were not open to listen and hear any issues that would brought up and found i had to repeat myself every time i spoke with them on phone. Til i gave up and...
I very much have a major issue with Neteller. The fees are disgustingly high and when doing any kind of transfer, the fees are even higher. I found customer service were not open to listen and hear any issues that would brought up and found i had to repeat myself every time i spoke with them on phone. Til i gave up and just dont use them anymore. And of course they take away the cash card so are forced to go through transfer option which again takes time and costs money.show more
3.2 / 5
No prepaid card anymore, how are we meant to get the money out? Time to find a new option..
2.3 / 5
I agree with you drtheolen. Neteller was my favorite banking method but it's useless now.
2 / 5
Used to be my main e-wallet choice but since the pulling of Mastercard it became somewhat useless since wire withdrawal they now offer is pretty expensive. Increase in fees does not serve them well either.
3 / 5
Paysafe Group is pulling mastercard from over 100 countries. Not a good sign.
Red Net 16/11/16
4.9 / 5
-0.1 for increase fee but this is still my main ewallet
4.2 / 5
One of the best methods.
5 / 5
Definitely not too happy with increased fees, but that's also the case in 'normal Banks', and Neteller is far more convenient then my regular Bank:) The Net+ Card was pretty much the best thing i ever purchased for Online Gambling, and as long as they don't increase the fees to exorbitant amounts, i am going to keep using...
Definitely not too happy with increased fees, but that's also the case in 'normal Banks', and Neteller is far more convenient then my regular Bank:) The Net+ Card was pretty much the best thing i ever purchased for Online Gambling, and as long as they don't increase the fees to exorbitant amounts, i am going to keep using it:)show more
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