Neteller has been in business for more than a decade, providing online money transfer and e-wallet services to customers across more than 200 countries. The company is a subsidiary of the Paysafe Group Plc., owners and operators of both paysafecard and, after a massive acquisition, Skrill (Moneybookers).
Neteller is an online method of sending and receiving funds, which can be used to sign-up, deposit and withdraw funds at online casinos and stores. Neteller's services work in three basic ways:
Signing up with Neteller involves a simple online form, into which you will need to input your:
In order for your account to function fully you will also be required to submit a valid identity document (eg passport, driving licence or identity card) and a photo of yourself via webcam.
All major online casinos accept Neteller, including 888casino, 32Red and Bet365. A number of Forex sites, online marketing and web hosting firms also connect to Neteller, alongside a handful of retailers such as Littlewoods.
An up-to-date list of firms that accept Neteller is available on their official Facebook page.
Joining Neteller is free, as is the Net+ card (after a flat £8 shipping fee). Thereafter, fees are applied to certain transactions and services as follows:
Deposits and transfers in to your account range from being free to costing 9.9% of the transaction, depending on the source of funds.
Spending, sending and withdrawing funds:
Foreign exchange and currency conversion for transfers are charged at 2.95% of transactions, and there's also an inactive administration fee of up to $30 if you don't use your account for over 14 months.
Neteller is first and foremost a fast, simple money transfer and online payment service. There are also some additional special features, including:
Neteller is a Financial Conduct Authority (FCA) authorised body, which holds more than 100% of deposited funds in a trust account that's separate from business funds.
They deploy 3D Secure technology for credit card deposits, and protect customer accounts using 128-bit encryption technology, identity verification and real-time transaction monitoring, keeping your funds secure.
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