Neteller, which is owned by Paysafe Financial Services Limited, has been operating in the money transfer market for over ten years. The service is in wide demand among traders and fans of online games. Services cover approximately 200 countries and are supervised by the FCA.
Neteller allows you to send money almost anywhere in the world, offering payments in 22 currencies. To do this, it is enough to know the recipient's email address or mobile phone number.
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Sending funds to another person is possible even if he does not have an account in the payment system.
The Neteller website is available in 16 different languages and provides 24/7 customer support.
Many well-known brands, including cryptocurrency companies, already work with Neteller and provide exclusive bonuses to clients of the service. In addition, Neteller offers a very interesting program for VIP clients.
- Registration on Neteller
- How to top up Neteller Top up your account using a cryptocurrency transfer
- Top up your account using a Visa card
- Commissions
- Benefits of Neteller
Registration on Neteller
How to register with Neteller:
- Go to the official Neteller website.
- Select “Free registration”.
- Enter the requested information.
- Click “Register now”.
Please note that all data is entered in Latin letters.
Neteller official website
Registration on the service is one of the advantages of Neteller over alternatives. It is very convenient to start working with the minimum amount of requested data. This approach will, at a minimum, save the client’s time.
So what is the Neteller registration process? Read more about the steps to create an account in the payment system below.
- We go to the official Neteller website and get to the main page, where in the upper right corner or in the middle of the home page we click on the “Free registration” button.
Registration in the Neteller payment system
- In the form that appears, fill in your full name, email address and create a password. The password must contain at least 8 characters, a capital letter and at least one number
. - After all fields of the form are filled out, click “Register now”.
Registration in the Neteller payment system
As you can see, everything will take no more than 30 seconds. Now, after the user has registered with Neteller, he can proceed directly to financial transactions within the service (depositing an account, transferring funds, withdrawing funds, and others).
Verification in Neteller
Identity verification is the next important step after registering a Neteller wallet, since without this procedure, the capabilities of the wallet will be significantly limited and many types of operations will be unavailable.
Important: you can proceed to verification only after replenishing your Neteller account (you can top up using one of the available methods, or make a transfer from another Neteller wallet).
To pass verification in Neteller, you must:
- In your Neteller personal account, select “Settings” – “Verification”.
- Next, select “Verify your account via Facebook” or standard verification (we’ll consider this option).
- The system will offer to download the Neteller application to your mobile phone or go through verification from a PC (the PC must have a camera to take photos of documents).
- Select the type of document (passport, driver's license) and country of issue, take a photo of it and upload it.
- We take a selfie from the documents and upload it.
- Once the documents are uploaded, the message “Identity Verification Pending” will appear.
- After identity verification, the next stage is address verification (possible by geolocation or after uploading a document confirming the residential address).
- Upon completion of the last stage of verification, your application will be in the status of being considered.
After Neteller managers have checked the provided documents and successfully verified the wallet, you will receive a corresponding letter to your email address.
Withdrawing funds from Neteller
Withdrawal from Neteller
How to withdraw funds from Neteller:
- Login to your account.
- Select “Transfer money” or “Receive money”.
- Select the direction for output.
- Enter the amount.
- Confirm the entered data.
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If the user makes a withdrawal operation for the first time, then before the transfer can be made, it is necessary to undergo identity verification. Without this procedure, withdrawal is only available to the phone in the form of a top-up.
For the system to give the go-ahead for withdrawal, you must:
- Verify your account using the social network Facebook. In fact, the system obtains the client’s consent to access and process data stored on the platform.
Verification in Neteller
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The procedure is optional, so if you don’t have a Facebook account, or for any other reason, you can simply skip this step by clicking “No, thanks.”
Let us immediately note that verification through the mobile application will take much less time than the verification process on the Neteller website.
Verification in Neteller
Identity verification can be done by sending a document that confirms the client’s identity. This does not have to be a passport; a driver’s license or pension certificate is also suitable.
Verification in Neteller
- In the window that appears, after the document has been added to the system, click “Next”.
Adding documents for identity verification in Neteller
- And we move on to the next stage - confirmation of the location. So, if verification is carried out through a mobile application, then the system will receive geodata by default if the user gives permission.
Verification in Neteller
In the case where address confirmation is done from a computer, then you will have to pull up a copy of the document confirming the fact of residence at a certain address.
This could be a utility bill, bank statement, tax return, school acceptance letter, etc. As you can see, even schoolchildren can use this payment system, there are no age restrictions.
Verification in Neteller
After the document has been successfully uploaded, click “Next” and receive a “Summary” of the steps taken.
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The process of verifying a user’s personal data, according to information published on the Neteller website, takes up to 3 days, but usually the answer comes within the first 24 hours.
Successfully completed verification will not only open up the possibility of withdrawing funds to Neteller-supported destinations, but will also provide other benefits in the form of raising limits or eliminating them completely.
Verification in Neteller
In general, the payment system supports the following areas:
- Neteller - bank account;
- Neteller - Neteller;
- Neteller - mobile account;
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First of all, it is worth noting that residents of the countries of Russia and Ukraine will not be able to use the option of withdrawing to a bank account, since it is not supported in this territory.
In this case, only a transfer to another Neteller account or top-up of a mobile phone is active. Transaction fees are 1.45% regardless of the direction chosen.
Transfer funds to Neteller
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However, it is still possible to withdraw funds outside the payment system. For this purpose, specialized currency exchange services were created on the Internet.
For example, in order to withdraw funds to a Privatbank card, you can use one of the services that support this withdrawal direction. These include: BaksMan, MyCryptoMarket, MagnetikExchange.
But it is worth considering that the exchange rate in these online exchangers is much lower than the market one. It is likely that this is one of the reasons why the service is still not widely popular among citizens of the countries of Russia and Ukraine.
Is it worth using the Neteller payment system?
Neteller turned out to be a specific product that is not suitable for everyone. It is well suited for people who are used to paying for goods and services on foreign websites, playing in bookmakers and casinos, making money on Forex, or investing in various projects. It is also very good as a means for making money transfers - minimal commissions or their complete absence, high limits (up to $5,000 for an internal transaction, up to $1,100 for a transfer to a card).
On the other hand, now in the countries of the former USSR the system is not in great demand, so it cannot be recommended to domestic freelancers and webmasters. Commissions and withdrawal deadlines will not appeal to those who withdraw money from the system in small payments. For them there is a more worthy alternative in the form of Webmoney.
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Neteller card
Money on the Neteller card
The payment system supports two types of prepaid cards: plastic (Net + Plastic Mastercard) and virtual (Net + Prepaid Mastercard).
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Regardless of the type of card chosen, owners do not need to replenish them, and funds are withdrawn from the main account upon completion of the transaction.
To apply for a Mastercard from Neteller, you must:
- Go through verification.
- Go to the “Net + cards” tab on the left side of the screen.
- Submit an application to receive.
- Select the card currency (it is recommended to use the same currency in which account transactions are directly carried out, this way the user can avoid additional conversion fees).
- Enter a 4-digit PIN code.
- Confirm the application.
Processing the request along with delivery will cost the user 10 euros and will take up to 10 days.
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Please note that Neteller cards are available only to system users from the EU, so residents of Ukraine and Russia will not be able to use this option.
Bonus program from Neteller
We recommend using the bonus program from Neteller - Vipdeposits. Advantages:
-Ability to make free transfers between accounts.
-Free MasterCard (can be ordered for clients from Russia).
-Instantly obtain Vip Silver status after registration and verification.
-Fast verification.
-Additional account in another currency.
-Internal transfers without commission with an increased limit (up to $100 thousand) and other advantages - read more about the Vipdeposits tariff.
The bonus program is available to new clients completely free of charge. If the user is already registered with Neteller, then you just need to fill out the form at the bottom of the page, select “Already had an account,” indicate your account ID and email.
Neteller wallet
Features of the Neteller wallet
The Neteller wallet itself has a fairly user-friendly interface, so the user can easily find what he needs. To interact with the system, you should use the icons located on the left side of the interface.
At the very top the balance is displayed in the currency selected during registration. It is followed by:
- The account displays the status of your personal account, transaction history;
- Refill;
- Receiving the money;
- Money transfer;
- Cryptocurrency offers a trading option;
- The history contains information about all steps taken on the account;
- Reward displays a list of places where you can conduct transactions with discounts and other benefits in the form of bonuses, etc.;
- The calculator is necessary for calculations when converting one currency into another;
- Settings—personal account settings;
- Support.
Please note that Neteller uses standard security measures to protect customer accounts. The site does not share account information with third parties, including merchant sites.
The resource uses SecureCode 3-D Secure to verify credit card payments, using the user's unique PIN code for each transaction. Data security measures include 128-bit SSL encryption and real-time transaction monitoring to ensure reliable fraud prevention.
Also in the system you can become the owner of a VIP account, which provides discounts and bonuses for using the account in the form of free transfers, accelerated processing of withdrawals to a bank account, the presence of a personal manager, etc.
Commissions
Commissions in the Neteller wallet
The size of the commission on monetary transactions varies widely depending on the method used to deposit or withdraw account currency, as well as the direction.
Replenishment options:
- MasterCard charges 2.5% - 4.95%;
- Maestro charges 2.5%;
- Visa charges 2.5% - 4.95%;
- Visa Electron charges 1.75 - 4.95%;
- Skrill, Yandex.Money, Qiwi and other EPS - 2.5%.
Removal options:
- Bank transfer – $10;
- Check - $7.5;
- Member Wire - $12.75;
- Merchant website - $0;
- Sending funds to a mobile account - 1.45%;
- Settlements between Neteller accounts - 1.45%, but not less than 32.50 rubles;
- The purchase and sale of cryptocurrency is 1.5% - 3% depending on the direction of exchange.
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For any transactions that require conversion, Neteller charges 3.99% of the average daily interbank market rate.
If funds in an account remain idle for more than a year, a $5 monthly fee will be charged to that account.
What currencies does it support?
Neteller supports a huge range of currencies, including cryptocurrencies. At the time of writing, the payment system supports about 30 traditional currencies. The most popular are the US dollar, euro and British pound. The service also supports payments in Russian rubles, which cannot be said about the Ukrainian hryvnia.
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Thus, the site does not allow you to pay for goods or top up your account in the national currency of Ukraine.
We also advise you to look at a detailed overview of the Neteller system:
Neteller Cryptocurrency Review
Neteller and cryptocurrencies
Cryptocurrencies in the Neteller payment system
As for cryptocurrencies, Neteller is quite competitive in this niche. The service supports about a dozen cryptocurrencies that are available for exchange through the provider’s website, but you can top up your account only with two – the first cryptocurrency Bitcoin and its fork Bitcoin Cash. This option is interesting because it does not oblige the account owner to enter personal data, unlike other methods of replenishing an account.
The remaining cryptocurrencies (EOS, ETH, ETC, LTC, XLM, XRP, as well as BTC and BCH) are used for exchange within the service in order to benefit from fluctuations in cryptocurrency rates. Funds will appear in the account within a couple of seconds upon confirmation of the exchange transaction.
Cryptocurrencies in Neteller
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It is worth noting that the exchange rate is on par with exchanges and is updated every 5 seconds, which is also important.
We also note that the “Rewards” section presents various promotions from cryptocurrency services. Thus, Neteller will not only facilitate the process of finding profitable offers on cryptocurrency platforms, but will also delight the service’s clients with attractive offers.
Overall, thanks to cryptocurrencies, the service is great for users who want to carry out instant transactions while remaining anonymous.
Methods for depositing/withdrawing money
You can top up your Neteller account in various ways, namely:
- Transfer from a plastic card;
- Electronic transfer;
- With money from your Skrill account;
- Qiwi and Yandex.Money;
- Bitcoins.
The commission amount depends on the selected replenishment method. It ranges from 1% to 8%.
As for withdrawal of funds, the options are as follows:
- Bank transfer;
- Transfer to Skrill account;
- Withdrawal to Net+Card.
In addition, you can always use some exchange service, for example, BestChange. With its help, it will not be difficult to exchange Neteller for other electronic money, for example, WebMoney or AdvCash.
Pros and cons of Neteller
Advantages and disadvantages of Neteller
For those who use Neteller to pay for gambling and forex services, the payment system is almost irreplaceable.
Benefits of Neteller
Note that Neteller is also a convenient e-wallet to use. There are applications for iOS and Android.
More than a hundred services (Forex, cryptocurrencies, gambling) accept Neteller, so the client will always have the opportunity to find the most suitable one without having to transfer funds to the account of another payment processor.
Neteller is a global electronic wallet system whose services are distributed in more than 200 countries.
Transferring funds within Neteller to the merchants' website is carried out without commission. Such fees are reimbursed by sellers, not customers.
Verification is not mandatory (but without it, you can only withdraw funds to a mobile phone).
VIP membership provides the client with more favorable terms of interaction with the service, including a loyalty program, refunds, commission refunds, multi-currency accounts, lower exchange fees, higher limits, etc.
Buying, selling and making payments in cryptocurrency.
Disadvantages of Neteller
Unfortunately, the system has noticeable disadvantages:
For certain areas, the system provides fairly low monthly limits for withdrawal of funds. If a client plans to withdraw large amounts on an ongoing basis, they would probably be better off considering applying for a VIP membership.
The Neteller service has limitations in operation in Russia and Ukraine.
The MasterCard Net+ debit card program has been discontinued.
The level of buyer protection is not as great as, for example, in the PayPal payment system. Thus, it is almost impossible to get a refund if the user has been deceived in some way.
Financial regulation and online gambling legislation restricts the use of Neteller in the following countries: Albania, Cambodia, Canada, Hong Kong, Israel, Laos, Lebanon, Macau, Singapore, Turkey.
