Neteller to Change NET+ Prepaid MasterCard® Fee Structure

Neteller to Change NET+ Prepaid MasterCard® Fee Structure Neteller recently began notifying its customers that the fee associated with ATM cash withdrawals using the NET+ Prepaid MasterCard will be changed to 1.75%.

What do these changes mean to card holders? It is important to note that this change only applies to cash withdrawals and not standard purchases made with this card. The current fee structure varies based on your selected currency but the one thing that remains across all of them is the assessment of flat fee for withdrawals.

The fee of 1.75% is based of the entire amount of the cash withdrawal. You’ll be limited by the standard daily/weekly/monthly withdrawal limits but rather than paying the standard flat fee, you’ll be charged a percentage.

The current fees are GBP 3, US 6, EUR, 4, CAD 6, SEK 40, DKK 30, AUD 6 and JPY 650. On the plus side, customers that withdraw smaller amounts of cash will pay lower fees while those withdrawing larger amounts could end up paying more than they do with current fee amount.

Conducting a Point of Sales (POS) transaction is the best way to avoid fees but it may not be realistic for everyone. Another option offering reduced fees is VIP membership. Details regarding this are available on the Neteller website but it’s free to join and there are a total of five VIP levels based on the amount you spend annually. Your ATM fee will not be reduced but you can earn higher withdrawal limits and reduced fees for other services.

The fee change will be effective May 17, 2016 and does not affect the 3.39% fee for transactions involving foreign exchange.

  • I don't know what to think about the new fee structure. It was alright to pay 4€ for a cash withdrawal, since I was only withdrawing relatively bigger amounts but now I will probably consider also withdrawing smaller amounts. So yeah, not as bad as I first thought. :)
  • I have an account with Neteller for several years and it seems that the card mastercard Neteller looks better. I use the card only for my neteller withdrawals at ATM, the only problem costs 4 euros each time. it is not profitable if we did a little withdrawal.
  • Neteller suspended my account with no explanation and has of yet to refund me my account balance.
  • I am not amused i use neteller a lot. I think i will pay more than before. Perhaps i will loof for skrill or other payout methods. But i was really fast with the casinos i played. Thought i would never change neteller, but i may be wrong.
  • Yes, for smaller amounts upto Euro 200 it is cheaper, but when making a max allowed cash withdrawal of Euro 700 (in my case), it is 3 times as expensive compared to the Euro 4 fee! Especially in view of the withdrawal limits per 24 hours AND, it is a sour deal!
  • Well to be honest there milking the cow, the goat and keeping the cream in there circle (PAYSAFE) for far to long. Yes it was costing me £3 at ATM for cash withdrawn, Cheeky baskets when they were taking 9.9% for a top up by PAYSAFE and there part of the paysafe group, just like skrill, yeah 1.9% to put money in skrill,,, now heres where the cream gets milked off,,, If a was to purchase £100 in paysafe then deposit to netteller a got basically £90, and i have not played or purchased anything yet. So i wont to play at magical vegas,,,,NO! NO! NO! Am not allowed to even though Magical Vegas CLEARLY TAKE NETTELER AND ALSO EXCEPT PAYSAFE, AS DO CASINO HEROES, GOSSIP SLOTS, DRAKES CASINO TO NAME BUT A FEW. I now have to transfare funds to skrill and if a win also got ATM fee. Then do you also know a paysafe deposit to netteller becomes restricted and HELD FOR 30 DAYS, YOU CAN ONLY SPEND WINNINGS AT SELECTED OUTLETS,,,,,, TRUTH I deposited £20 once got lucky at casino blu and william hill betwen them a won just under £1000. Could a withdraw from ATM NO! NO! NO! FACT I COULDNT EVEN BUY A TRAIN TICKET FROM VIRGIN TRAINS WHOM TAKE MASTERCARD,,,,, Netteller said deposit must sit in my account for 30 days and I COULD ONLY SPEND IT WHERE THEY ALLOWED ME MASTERCARD ACCEPTED STORES OR NOT, WHAT I AM SAYING IS ...... VIRGIN ACCEPT MASTERCARD BUT THAT WAS NOT ONE OF NETTELLERS ALLOWED SITES,,,,, I WOULD SAY THAT THIS POLICY IS CRIMANAL, AS IS THE CHEEKY TO CHARGE ME ANY FEE FROM ATM COME ON NETTELLER HOW MANY TIMES ARE YOU GOING TO TAX ME ON MONEYS YOU ALREADY HAVE TAXED ME ON,,, SKI MASK AN SHOTGUN COME TO MIND,,,,,,,,,,
  • Great news, now NETELLER was more like Skrill, to change the fixed rate of about 4 euros for cash withdrawal for a pecentual fee on the total amount withdrawn. particularly I liked it, but I'd much rather be NETELLER was completely free of any kind of fee for withdrawal. I think this is impossible, but certainly NETELLER makes money from other sources of income not only rates ...
  • eco payz is fine though i think they have bit expenseve wire fees. as far as Neteller goes it is still my number one choice
  • I have been using neteller for so long now ... I like the advantages I experience more than some things I dont like ... For me Neteller remains the number 1 !
  • Since Skrill was bought by neteller i thought there would be some changes coming. I like it that the fees for smaller amounts are now also lower too. I prefer Neteller over skrill anyway as there are some license problems when depositing to certain casinos with skrill from germany.

All News Categories

Most Viewed Articles

See all

Related News

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search Results