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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.
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 two basic ways: the eWallet offers a way of transferring funds to and from your bank account, in order to buy from online stores and sign up with online casinos without revealing your bank account details. The money transfer option service as a middle man for the sending and receiving of funds.
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 (e.g. passport, driving licence or identity card) and a photo of yourself.
NETELLER is accepted by most major online casinos. A number of Forex sites, online marketing and web hosting firms also connect to NETELLER, alongside a handful of retailers, restaurants and gas stations. An up-to-date list of firms that accept NETELLER is available on their official Facebook page.
Joining NETELLER is free in general but some of their services do carry a fee depending on how you interact with the service. Thereafter, fees are applied to certain transactions and services. Deposits and transfers into your account cost 2.5% of the transaction with VISA, while payments to online merchants, including online casinos, is free. Money transfers are also free. There is a monthly admin fee of $2.99 and ATM withdrawals cost $3.95. Foreign exchange and currency conversion for transfers are charged at 2.95% of transactions.
Neteller is first and foremost a fast, simple money transfer and online payment service. There are also some additional special features, including: NETELLER VIP, which the more you use the service, the higher up the VIP scale you climb, earning lower FX fees, multiple currency accounts and higher withdrawal limits; and NETELLER Reward Points, where you earn a point for every pound transferred, and redeem points for electronics, gift cards or cash.
In the United States NETELLER is offered and issued by the Ohio state chartered bank, Sutton Bank. The Sutton Bank operates under a license from Discover Financial Services, the owners of Diners Club International. The credibility of NETELLER is also internationally recognized as its a UK Financial Conduct Authority (FCA) authorized body.
The service is perfectly safe and 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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