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 transfers happen 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.

Neteller allows 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 thing 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

They allow 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. 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 free peer to peer payments, although the receiver will pay a two percent fee.

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Overall Ratings

2.9
/ 5
From 12 votes
/ 5

Member's Feedback (7)

  • 2.3
    / 5
    dislike
    I agree with you drtheolen. Neteller was my favorite banking method but it's useless now.
  • 2.0
    / 5
    dislike
    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.
  • 2.1
    / 5
    dislike
    Paysafe Group is pulling mastercard from over 100 countries. Not a good sign.
  • 4.9
    / 5
    -0.1 for increase fee but this is still my main ewallet
  • 4.2
    / 5
    One of the best methods.
  • 5.0
    / 5
    awesome!
    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:)
  • 3.9
    / 5
    liked it
    I still use them but the fee's keep going up so I considering looking for another option.

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