Launched in 1999, Neteller was founded by Optimal Payments PLC (now Paysafe Group) and is regulated by the FCA (Financial Conduct Authority) in the UK. In 2015, Paysafe Group also acquired Skrill and, including paysafecard, possesses three eWallet services in total. As a result, all three are tightly interlinked and it is possible to use one account to fund another and vice versa. Being present in more than 200 countries also means you can enjoy high availability in many markets and fund all your needs in gaming, gambling, social media, entertainment and many more. Here in our Neteller review, we will take a closer look to see what other benefits Neteller has to offer.
NETELLER Review – Account Creation
The road to a Neteller account is swift and simple. Aside from standard information such as email, password and personal details, you can also select the type of currency you want to fund your account with. Note that you cannot change the currency once your account is created, so choose wisely. As usual, a confirmation email will be sent to verify your account after which you can immediately fund and use your account.
Unlike ecoPayz, Neteller also provides its service in the US. In exchange, China is a non-serviced country (while ecoPayz also serves China).
Tip: If you take advantage of our Guru Deal, you will immediately receive Silver VIP Status right after verification without having to transfer 50.000 EUR to any merchant. You also get one additional currency accounts, so you can use two currencies at once.
NETELLER Review – Deposits
Deposits can be done via the following methods (fees are in brackets):
– Credit or debit card (1,9-4,95%)
– Local bank deposit (0%)
– International bank deposit (0%)
– Skrill (3%)
– And many more…
Neteller has a vast amount of options to choose from when making a deposit. The sheer scope of available methods ensures that you can choose your favourite one, adapted to your personal needs. Bank deposits usually take around 5 business days whereas deposits made via credit/debit card, Skrill and other such methods only take around a few minutes.
NETELLER Review – Withdrawal
Withdrawals are possible via the following methods (fees in brackets):
– Bank transfer (7,5 EUR)
– Net+ Mastercard (0-1,75%)
– Member Wire (10,5 EUR)
Bank transfer withdrawals usually take 2-5 business days to arrive at your account. Alternatively, you can also use your Net+ Mastercard to withdraw money from any ATM instantly. For withdrawals to your bank account, there is a flat 7,5 EUR (or 10 USD) fee. With your Net+ Mastercard, the fee is max. 1,75%, so it is more suited to withdrawing small amounts of money (anything below 430 EUR).
NETELLER Review – Security
Just like ecoPayz, Neteller also adds 2-Step Verification in order to protect your account and ensure that only you can get access. Anyone wishing to use your account needs to enter the login credentials in addition to a one-time-use code only sent to your smartphone. Even if your login credentials were stolen, the 2-Step Verification allows your account to remain safe and secure.
NETELLER Review – VIP Program
Neteller’s VIP program consists of 5 stages (standard customers aren’t included) as seen below. Each stage requires a certain amount of transfers to achieve and maintain unlike ecoPayz’ lifetime basis. More information can be found here. However, with our Guru Deal, you can easily become Silver VIP right after verification and save 50.000 USD in transfers.
Neteller Review – Support
On Trustpilot, Neteller scores a 1.3/10 as a whole. At this point, the reader might think “Why should I use a service that is this bad?”. When scouring around trustpilot, you can also see a fair amount of people giving excellent reviews. If you look deeper, you might find yourself on two sides: One that says they had no problems at all and one that claims to be scammed. Some arguments given against scam is the strict verification process. Uploading wrong or insufficient documents will cause your account to be frozen until your identity is verified. This procedure is standard and might be the source of the low ratings Neteller has.
However, with our Guru Deal, you will have personalised Skype support to ensure that you will receive help in a timely and efficient manner. If you have any problems with Neteller, please don’t hesitate to contact us and we are ready to help at your notice!