Neteller has, since 1999, been providing the world with a safe, easy, and attractive means of transferring monies over the world wide web. Based out of the Isle of Man and regulated in the United Kingdom, Neteller truly is the leader of online payment solutions. Neteller does not accept US players, nor does it provide any service to the US and a number of other banned countries.
How Neteller works: A Neteller account allows its owners to transfer money across the web having paid the funds into the account via a credit card or directly from a bank account. There are essentially two types of Neteller accounts – namely the Neteller Express, and the Neteller Extended. Accounts can be set up in vast range of international currencies, including Pounds Sterling, Euros, Canadian Dollars, US Dollars, and Swedish Krona. The deposit limit for the Neteller Express account is 2,150 Euros, and the Neteller Extended has a rolling limit. The Neteller Extended Account is upgraded for free from the Neteller Express account, and is worth the few days of waiting in order to enjoy everything offered by Neteller. It should be stressed that both of these accounts are absolutely free and allow merchant transfers and money transfers. Users can make fund withdrawals through the Neteller Extended account, and also apply for the Net+ Card.
Deposits into your Neteller account can be done via local bank deposit or international bank transfer free of charge, or credit/debit card. The Neteller eWallet is considered the best place to keep money for use online, and is a firm favorite among online gamblers. Depositing is very simple – players only need to sign up for a Neteller wallet for free and then choose a way to fund their account. It should be stressed that the user’s personal and financial information is kept secure at all times and will never be shared. Money can then be transferred through the Neteller account to other sites or people. A foreign exchange fee of 2.5% (plus the daily interbank market rate) is applied to deposits that are not in the currency of the user’s Neteller account.
Withdrawing funds is as simple as depositing them with Neteller, and is the perfect way to turn online funds back into cash. To withdraw funds from a Neteller account, users have a number of options: Net+ Prepaid Card, Bank Transfer, Cheque (regular mail and courier), Member Wire and Bank Draft. The prepaid card is a wonderful Neteller feature that not only provides flexibility but also the quickest method of withdrawal of funds in just one day. The prepaid card operates on the MasterCard platform and provides players with instant access to the funds in their accounts. The cards are available as either a physical or a virtual card. The virtual card allows players to use the funds in their account to make online purchases wherever MasterCard is accepted, covering the great majority of online gambling sites. When users are ready to make a purchase online, the Net+ Virtual Card will generate a one time card number, for the last word in security.
Neteller Advantages: One of the major advantages of Neteller is, naturally, the prepaid card mentioned above. The prepaid card allows you to take care of all your banking needs through this one online provider. With other providers you will always have to wait long periods to receive your money, and in order to receive that money you will always have to have it mailed to you or deposited in your bank. The prepaid card however obliterates the need for a secondary institution, allowing you direct physical access to your funds. Furthermore, Neteller, offers competitive rates, fast service, secure transactions and rewards.
Neteller’s super rewards program allows members to earn money for referring their friends, win cash prizes and other excellent prizes through global promotions regularly put out by the site and enjoy first class treatment with a VIP membership. The latter rewards Neteller’s most loyal and valued members and offers free withdrawals, 1.5% foreign exchange rate, VIP fraud guarantee, 10 free deposits a month, flexible transaction limits, exclusive prizes and promos and dedicated account management. To qualify as a Neteller VIP, members need to transfer $6K to merchants each month for a consecutive 90 day period, and renewals take place quarterly.
Conclusion: Neteller keeps up with the times and is very aware of its customers' needs and wants. Probably the most in touch of the online payment methods, Neteller not only predicts the needs of its customers and satisfies them 100%, but in doing so continuously raises the bar on the industry standard. In short, Neteller is the best of all the e-wallet providers. It is hoped that the online payment provider will soon be able to starts offering its services to the United States and allow players from this country to enjoy its impeccable brand.
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