Neteller

What is Neteller?

Neteller is particularly popular among online bettors, thanks to its history. Previously, most online bookmakers offered Neteller as the sole payment method. What is Neteller, then? An e-wallet, but not only that, Neteller also offers other services such as Net+. Net+ functions almost identically to a regular payment card linked to a bank account, except that it is connected to your e-wallet. The e-wallet itself then provides options for secure online payments at merchants, quick sending of funds to other users in various currencies simply by entering the recipient’s email address, withdrawals from ATMs, buying cryptocurrencies, trading on the stock exchange, and lastly the ability to use prepaid cards.

History of Neteller

Neteller was established in 1999 in Canada. In 2004, the company moved to the Isle of Man in the British Isles, and in the same year, it was listed on the stock exchange in London. Two years later, the service became the largest e-wallet in the world, processing an average of over $7 billion in transactions annually. Recently, the company has focused on expanding its services and entering new markets (today it operates in more than 200 countries). One of the new services is, for example, the Neteller Knect loyalty program, which the company launched in 2021. Neteller Knect allows users to collect points for each transaction made and then exchange them for various rewards. Among the main competitors of Neteller were the e-wallet Skrill, which offers very similar services. Today, however, there is no longer any competition, as both companies belong to the Paysafe Group, and both services are interconnected. Skrill has thus become more of an older brother to Neteller.

Who owns Neteller?

Just like the payment methods Paysafecard, Skrill, and Paysafecash, Neteller is owned by Paysafe Group, a global provider of online payment solutions. Paysafe Group specializes in providing secure and reliable payment options to make them as affordable as possible for its customers. The company has been on the market for over 20 years.

Where can Neteller be used?

Where and when can you use Neteller? There are several opportunities to pay using this method. The first option is if you are sending money to another Neteller account, then you can send money from anywhere and almost instantly just by knowing the recipient’s email. Additionally, this service can be used when shopping online for goods and services or making deposits into online gambling. Finally, you can withdraw cash from ATMs using the Net+ payment card. Neteller allows withdrawals worldwide up to €1,000 per day. Neteller is supported by thousands of merchants and online casinos worldwide. Among the merchants that accept Neteller are Amazon, eBay, AliExpress, and many others.

Online bookmakers and casinos that accept Neteller

From the bookmakers and online casinos operating in the Czech Republic, you can use Neteller to pay at these companies:

• Betano
• Kajot casino
• Apollo Games

Welcome bonuses at bookmakers

Neteller is strongly associated with online gaming and betting. From the bookmakers that accept Neteller, Betano is now offering an interesting bonus. Betano has prepared a bonus of €12 for all new players. To claim this bonus, simply register and then verify your identity. Betano also offers a 100% bonus on your first deposit up to a maximum of €120. If you want to learn more about the interesting bonuses offered by various bookmakers and online casinos, check out the Bonuses section on our website.

	Betano	Welcome bonus €120
	Kajot casino	Welcome bonus €80
	Apollo Games	Welcome bonus €200

How to deposit money on Neteller?

You can deposit money on Neteller using three payment methods. The first option is to use payment cards such as Visa, Mastercard, or Maestro. Another option is to use Paysafecard and deposit money using a prepaid card. The last option for depositing is payment via bank transfer. Here is a step-by-step guide:

1. Log in to your Neteller account.
2. On the left sidebar, click on the “Money in” button.
3. Then you will see the “Deposit to your account” page with payment method options. From the offered deposit options, you choose your preferred method.
4. Enter the required amount of money you want to deposit and confirm by clicking on the “Continue” button. One advantage of Neteller is that it shows you the fee amount immediately during the deposit.
5. A page with a summary of transaction information will appear, if everything is correct, click again on the “Continue” button.
6. Confirm, and your deposit will appear in your account almost immediately.

How to pay with Neteller when online betting?

To make a payment on the internet using Neteller, you must have a Neteller account, and then the payment process is very simple. Here is a simple guide for payment:

1. Go to the merchant’s website that accepts Neteller (merchants where you can pay with this payment method are described above in the article).
2. When paying, choose the Neteller payment method.
3. Log in to your Neteller account.
4. Confirm the payment.
5. Return to the merchant’s website.

How to withdraw money from Neteller?

To withdraw funds from Neteller, you have several options. Among the most used are bank transfer, which takes 3 to 5 days, or directly withdrawal from ATMs thanks to the Neteller payment card. Here is an easy guide for withdrawal:

1. Log in to your Neteller account.
2. On the left sidebar, click on the “Money out” button.
3. Then you will see a page with withdrawal options. From the offered withdrawal options, you choose your preferred method.
4. Enter the required amount of money you want to withdraw and confirm by clicking on the “Continue” button.
5. A page with a summary of transaction information will appear, if everything is correct, click again on the “Confirm” button to confirm the withdrawal of money.
6. You have withdrawn your money.

How to register on Neteller?

Registration on Neteller is easy, fast, and free. Here is the process:

1. Visit the Neteller website.
2. At the top bar, click on the “Join for free” button on the right side.
3. A registration form will appear, where you must enter your full name, email address, and then create a password.
4. Click on the “Register now” button to confirm.
5. Confirm your email address by clicking on the link sent to you by email.
6. And you have your Neteller account

Net+

The full name of this service is Net+ Prepaid Mastercard. It is a prepaid card linked to your e-wallet, and it functions almost exactly like a traditional payment card. With Net+ you can withdraw cash from ATMs, pay in stores, or make online purchases – you can pay anywhere Mastercard payments are accepted. Each time you use the Net+ card, you collect bonus points, which you can later exchange for some items or money. You can even make paying with Net+ more enjoyable. Neteller also supports G-wallet and Apple pay, and you can upload your prepaid card to your smart phone or watch with NFC support.

Neteller and cryptocurrencies

Using the Neteller wallet, you can also buy cryptocurrencies. Currently, you have the option to buy more than 40 different cryptocurrencies. Some of them may be EOS, Litecoin, Ether, Ethereum, and the well-known Bitcoin and Bitcoin Cash. And how long does it take to buy crypto using Neteller? 1 to 2 seconds.

Security of Neteller

The method of payment using an e-wallet is considered one of the safest payment options on the internet, mainly because you do not share your sensitive bank details with merchants and thus do not have to worry about your finances on your bank account. With the growing popularity of e-wallets, there has also been an increase in interest from scammers in this payment method, so always be cautious and do not share your login details with anyone. And how is the security of the Neteller e-wallet itself? Neteller is among the most used, oldest, and best-known brands in the e-finance market. Such a position would certainly not have been reached without security, therefore Neteller invests a large amount of money in securing users and their financial resources. The company uses the latest security technologies to protect users and their financial resources, such as SSL encryption. Neteller also has PCI DSS certification – Payment Card Industry Data Security Standard, which guarantees that the company meets all security rules for processing payment cards. For even greater security of your funds, we recommend setting up two-factor authentication. Neteller is subject to British and European law. Frequent checks are carried out by the British FSA (Financial Services Authority). These checks bring security guarantees, but also minor inconveniences in the form of multiple identity verifications. With Neteller, you can be sure that your finances are safe.

Fees of Neteller

Neteller, like other payment methods owned by Paysafe Group, strives for the best user experience and the lowest fees for their clients, however, you will still encounter some fees. Fees vary depending on account verification, country, and the currency in which the account is held. If you own a VIP account, your fees will be reduced. Generally, these fees are:

• Fees for currency exchange are 3.99% – this fee is reduced if you have a VIP Neteller account.
• 1.75% for cash withdrawal from an ATM.
• An annual service fee of €8.
• Bank transfer €10.
• Replacement of a lost card €10.

Limits of Neteller

When withdrawing from ATMs with a basic account, we encounter several rules and limits, which increase when reaching a VIP account. Rules for withdrawals with a basic account are:

• withdrawal worth €750 per 24 hours.
• A maximum of 2 withdrawals in one day.
• 6 withdrawals over 4 days.
• The amount you can withdraw over 4 days is €2,250.

The e-wallet itself has set limits:

• For a one-time deposit of $10,000.
• For a one-time withdrawal to a bank account of $5,000.

VIP program of Neteller

Neteller, like Skrill, offers a VIP program for its most active users. The program is then divided into 4 levels depending on how much turnover you made during the quarter. Each level brings its benefits such as 24/7 email support (only in English), your personal VIP manager, lower fees, and higher limits. The levels are Silver, Gold, Diamond, and Exclusive.

• Silver – $15,000.
• Gold – $45,000.
• Diamond – $150,000.
• Exclusive – $600,000.

Advantages and disadvantages of Neteller

Rating

Overall, it can be said that Neteller is a useful payment method especially for those who want to simplify their online transactions and at the same time do not mind paying extra for possibly the safest online payments. However, it is important to always be vigilant and follow safety measures to minimize the risk of fraud and misuse of the account. Neteller offers many benefits for its users – VIP program, various gifts after collecting points for transactions made or the Neteller payment card Net+, which is linked directly to your account and can be used to withdraw cash from all ATMs around the world. Neteller is often compared to the e-wallet Skrill one of the differences, which may play a significant role, especially for those of you who do not speak English, is that Skrill provides pages with full support in the Czech language. We rate Neteller rather positively. Although it is an e-wallet that has seen its best days, it still has much to offer and certainly does not yet belong in the scrap heap. If you speak English and are looking for a safe and reliable service for electronic money transfers, Neteller is the right choice.

Frequently asked questions

1️⃣ Can I top up my Neteller account using SMS?

Unfortunately, SMS payment is not a supported deposit on Neteller. For deposit, you can use bank transfer, payment cards, or Paysafecard. A detailed guide on how to deposit money on Neteller can be found above in the article.

2️⃣ What to do if I forget my password on Neteller?

If you have forgotten your password for your Neteller account. Click on the text “Forgot your password?” when logging in. Enter the email address you provided during registration. An email will be sent to you with a link to change your password. This link only works for 24 hours.

3️⃣ What is Neteller?

Neteller is one of the oldest and most used e-wallets on the market. Learn more about Neteller in this article.

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Also read:

• Payment methods
• Online casino reviews

Sources: www.neteller.com, finex.cz