Neteller Review: Our Opinion On One Of The Best Online Payment Services
Neteller is one of the main players in the online payment service. It is a wallet that allows you to hold money, pay, receive or send payments. It is the main competitor of Paypal, and it must be admitted that it has serious advantages to assert. Here, we give you our opinion on this online payment service and we tell you all about its qualities and its defects.
Neteller is a safe bet, with 20 years of activity and a growing number of customers. Easy to use, reliable and secure, we love its prepaid cards which offer us the same use as a current account… A little more discreet.
Neteller Review: Presentation
Neteller was born in Canada, in Calgary, in 1999. The founder is called Jeff Natland and he understood before anyone else that online payments would be used more and more.
Since 2004, for tax reasons, the company has moved to the Isle of Man and is therefore under the British flag, controlled by the FSA (Financial Service Authority) of the English government.
Since 2015, the company has belonged to Paysafe, a British company specializing in online payment. Neteller is listed as an e-money authorizing institution, which makes it an ultra-secure online wallet.
Neteller has customers around the world, in over 180 countries. Thanks to this service, you can pay merchants and especially make transactions with most virtual casinos.
Indeed, from the beginning of the 2000s, Neteller took a position in the online gaming niche. This is how the service has become a money transfer giant, with more than a million users, and billions of dollars passing through its servers every year.
Neteller Review: Services.
It's almost a bank! Indeed, Neteller is an alternative to your bank card. It is a kind of mobile wallet that acts as an intermediary between your banking site, partner sales sites, and online casinos.
This allows you not to reveal your bank details, but simply to share your Neteller account. The latter actually behaves like your bank's current account, since you can request a prepaid withdrawal card associated with your account, like at Skrill. You will then be able to withdraw or pay in-store with this prepaid card.
Transfers are fast whether you're sending or receiving money. It's nearly instantaneous from one Neteller account to another, and it only takes 48 hours to transfer to your bank account in most countries.
Neteller offers you the possibility of making money deposits in several ways. It is for example possible to immediately transfer Bitcoin, to go through your bank, to send cash via 7/11 or Oxxo, or to go through prepaid cards like Paysafe Card.
The fees applied are different from one system to another, but they generally remain very competitive.
Neteller Review: Security and Reliability.
We never reveal our bank details using the Neteller site's fund transfer system. So there is no risk of being hacked on our main account. The money in our Neteller account, it is protected by a very secure system, which has clearly proven itself over the past 20 years.
In addition, unlike traditional banks, Neteller is required to keep its customers' money in unique accounts. The money cannot be used to gamble on the stock exchange. This is the case of all the banks which in reality only have 10% of the sums left to them and which could not reimburse everyone if necessary.
Neteller would not have this problem, since the slightest euro deposited remains in place, and that is why it is immediately accessible if you decide to use it.
Opening a Neteller account.
In order to take advantage of Neteller services, you must first open an account. It only takes 5 minutes to answer the questionnaire gathering some personal information, and it's completely free. It is necessary to give a valid email address, to have a password, and to select the currency you want to use.
To activate your account, you must make the first transfer of €22.50. We can make this deposit using our credit card or via a bank transfer or a prepaid card, in short, all possible deposit solutions on the site are directly accessible. Attention, the costs are different from one solution to another.
Security questions are then asked, then a bank account is linked, and finally, proof of identity is sent. Then, it will take about 48 hours for the account to be opened and ready to use.
Neteller cards
Net+
The Net+ prepaid card is issued by the parent company, namely Paysafe Financial Services Limited. This is an international Mastercard that is compatible across the network. You will not have an IBAN or RIB, but you can use this card like a traditional CB.
Thus, you can withdraw money in ATMs around the world, or pay directly in all stores.
There are ceilings, namely that it is possible to withdraw €700 per day maximum and to spend a total of €2250 per day. We fill our card from our account, with a maximum balance of 6750€.
The card is free, you just have to pay 10€ for postage. There are no fees for managing payments, online or in a physical store, but on the other hand, all withdrawals are chargeable, at the rate of €4 per withdrawal.
It is possible to recharge your card directly with our credit card or even with cash, but in this case, we will pay the price of the deposit according to the method used.
Net+ Virtual Gift Card
It's the same card, except it's made to be given away. So, if you don't know what to give, you can send a prepaid card to someone close to you, who can use it in any store. It's pretty cool, you can customize the card and choose the currency. However, it will be impossible to withdraw money from an ATM.
Neteller Review: Customer service
It is one of the best customer services for online payment solutions. First of all, the site is really well done and you can usually find most of the information you are looking for. If really this is not the case, we can get in touch by email or by phone. No need to speak English, you can choose from several languages.
The response time is generally very short, less than 2 minutes, and all the correspondents I had online were patient, courteous, and precise in their answers. Very good experience, and further proof of the seriousness of Neteller.
Neteller Review: Advantages of Neteller
- Neteller is a reliable and perfectly secure payment service.
- Bank details are never shared.
- Transactions are very fast from one account to another.
- A prepaid card allows us to use the same as a current account.
- English law assures us of almost total anonymity.
- The deposit solutions are very numerous (pay attention, however, to the prices of certain solutions).
- The use is pleasant, it is a simple tool to handle, with a good smartphone application.
- Customer service is excellent.
Neteller Review: Disadvantages of Neteller
- Currency exchange is not beneficial.
- High ATM withdrawal fees.
- High deposit fees depend on the mode chosen.
Our opinion on Neteller
It is a safe bet on the online payment service market, and it is also one of the most complete services. We can send, receive, and store money, and we appreciate the prepaid card that allows us to use our funds without making a transfer to a bank account.
Our bank details are protected and we benefit from English law and certain anonymity.
Using the site and the application is very simple, as is creating and activating the account. In the event of a problem, customer service is responsive, pleasant, and competent. Not all sites accept payment via Neteller, but with the prepaid Mastercard card, you can pay both on the internet and in all the physical shops of your choice.
If you are an online casino player then you must have a Neteller account, it is the fastest way to collect your winnings. Even if you are not a gambler, Neteller allows you to have a second, more discreet current account to manage the money you earn or receive on the internet.
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