NETELLER Review
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NETELLER is part of the Paysafe Group founded in 1999. NETELLER provides businesses and individuals with a fast, simple and secure way to moving money online. NETELLER is one of the world’s largest independent money transfer businesses and each year is processing billions of dollars’ worth of transactions in over 200 countries.
Account Opening
Signing up is simple and completely free, you must be at least 18 years of age, maintain an active email address and phone number. When registration is completed you can use your NETELLER account right away but for full functionality, you must provide some extra information, in most cases a scan of your Utility bill, your ID or passport to confirm your identity would be enough. Neteller is well organized and easy to navigate.
At present, Neteller does not provide service to the following countries:
Afghanistan, Benin, Bonaire, Burundi, Central African Republic, Chad, Congo (Republic), Crimea, Cuba, Djibouti, Equatorial Guinea, Eritrea, Gabon, Gambia, Guinea, Guinea-Bissau, Guyana, Iran, Iraq, Kazakhstan, Kyrgyzstan, Lao People's Democratic Republic, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mongolia, Montserrat, Myanmar, Nauru, Niger, Niue, Norfolk Island, North Korea, Palau, Papua New Guinea, Saint Barthelemy, Saint Kitts and Nevis, Saint Martin, Sint Maarten, Sierra Leone, Sudan (North and South), Suriname, Syria, Tajikistan, Timor-Leste, Togo, Turkmenistan, United States of America, Uzbekistan, Western Sahara, Yemen
Net+ Prepaid Mastercard
With Net+ Prepaid Card you can have the security and flexibility you need, is accepted at sites, stores and ATMs around the world, anywhere Mastercard® is accepted.
Fees
Free to pay in shops, restaurants, or online
3.99% foreign exchange fee
10 EUR shipping and handling fee
1.75% cash withdrawal fee
10 EUR to replace a lost card
8 EUR annual card fee
Limits
10 withdrawals every 24 hours
900.00 EUR in withdrawals every 24 hours
50 purchases every 24 hours
2,700.00 EUR in purchases every 24 hours
(NETELLER VIPs qualify for lower Net+ fees)
Net+ virtual cards are offered in 8 currencies so there's an option to suit anyone, also was 2014 Winner of Best General Spend Prepaid Card and Best Privacy Prepaid Card at Prepaid365 Awards.
Offered currencies:
GBP - Great Britain Pound
USD - United States Dollar
EUR - European Union Euro
JPY - Japan Yen
AUD - Australia Dollar
DKK - Denmark Krone
CAD - Canada Dollar
SEK - Sweden Krona
VIP Programme
For the most loyal customers clients, Neteller offers a very attractive VIP Program with additional rewards, higher limits and lower fees.
VIP benefits :
- Crypto transactions & VIP status
- Multiple currency accounts
- VIP Chat
- Discounted deposits/withdrawals
- Guaranteed limit increase
- Flexible transaction limits
- Next day payouts
- Daily ATM cash withdrawal limit
- Lower FX Fees
- Free money transfers
- Dedicated VIP Manager
- Loyalty & Anniversary Reward Points
Neteller has five different VIP Levels and each one offers various benefits .
Deposit Options
Neteller offers a wide variety of options for funding your account, such as:
Almancense Exito, Astropay Card, Banco de Chile, Banco do Brasil, Bitcoin, Boku, Boleto Bancario, Bradesco, BPay, Bradesco, Caixa, Carulla, Daviendo, DineroMail, Effecty, Empresa de Energia del Quindio, Epay, EPS, Euteller, eWire, Fast Bank Transfer, Giropay, HSBC, iDEAL, International Bank Transfer, Itau, Klarna, Local Bank Deposit, Mister Cash Instant Voucher Payment, Multibanco, Neosurf, Netbanking, Nordea, OXXO, Pago Facil, Paysafecard, Paysafecash, POLi, Przelewy 24, PSE, Qiwi, Quick Bank Transfer, Rapid Transfer, Rapi Pago, Red Link, REDPAGOS, SAFETYPAY, Santander, Servipag, Skrill, Surtimax, Trustly, UPI, Visa, Visa Debit Card, Visa Electron, WebPay, Yandex Money.
Foreign exchange
For all transactions involving a currency conversion, NETELLER adds 3.99% to the average daily interbank market rate published by a third-party foreign currency data provider. NETELLER retains this amount as a foreign exchange processing fee to protect against exchange rate fluctuations.
Lower exchange rates for VIP members
VIP members pay as little as 1% in foreign exchange fees. For more information, take a look at a summary of all the VIP benefits on their VIP Page.
At present, NETELLER does not provide service to the following countries. This list is subject to change:
Afghanistan, Benin, Bonaire, Burundi, Central African Republic, Chad, Congo (Republic), Crimea, Cuba, Djibouti, Equatorial Guinea, Eritrea, Gabon, Gambia, Guinea, Guinea-Bissau, Guyana, Iran, Iraq, Kazakhstan, Kyrgyzstan, Lao People's Democratic Republic, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mongolia, Montserrat, Myanmar, Nauru, Niger, Niue, Norfolk Island, North Korea, Palau, Papua New Guinea, Saint Barthelemy.
See relevant articles here :
Neteller & Skrill reduces the P2P for newly registered customers
Important news about the NETELLER Rewards Program
Paysafe wins two Payments Awards
Neteller and Skrill changes in Peer2Peer pricing
Neteller teams up with Alternative Airlines