Neteller is a digital wallet to send and receive money online. This digital wallet provide services to both business owners and individuals. They operated by same company (PaySafe Services Limited) which owns the one of the most famous payment processor known as Skrill. Also process billions of dollars transactions per year and operates in more than 200 countries. Neteller digital wallet is founded back in 1999 by PaySafe services limited and they are among one of the biggest online payment processing company. You can send and receive money instantly with neteller. They also offer online and offline withdrawal of money also you can access your payments via millions of points of sales and ATM’s around the world.
Neteller also allows e-commerce business holders to accept payments from clients also, they can pay their suppliers and employees via neteller instantly.
Neteller Financial Regulation
Neteller is authorized electronic money issuer. They are regularized by the financial conduct authority under the electronic money regulations 2011 (900015). As they conduct their business under the financial authority of United Kingdom they maintain and provide the highest possible services and Neteller is very secure as they have anti money laundering laws and protection from identity theft and fraud. Neteller is registered under the PaySafe Financial Services Limited, a wholly-owned subsidiary of PaySafe Group Plc (Company no.109535C)
Benefits of neteller are following
- You can pay online
- You can transfer money instantly
- 24/7 support
- Latest anti-theft and fraud tools
- Very secure transactions
- Neteller reward points
Neteller offers a lot of options to pay online. Thousands of merchants offer neteller payment option which is secure than paying via your debit or credit. You can fund your neteller account with debit/credit card Bank transfer and from other payment processors as well. You can withdraw funds directly to your bank account as well as you can withdraw your money from thousands of ATMs around the world via Neteller net+ card.
You can transfer funds anywhere in the world instantly. All you need to have is neteller account, funds in it and email of the recipients. You can transfer funds even if the recipients do not have neteller account which is cool feature indeed.
Neteller offers 24/7 support to its client you can contact neteller support team via email or call.
Neteller is among the most secure online payment processors in the world. They secure your funds via latest anti-fraud tools 365 days.
Neteller reward points
This is one of the best feature in neteller account. You can join and earn reward points whenever you make transactions in your account and those points are redeemable in a form of cash!
Neteller also offers VIP membership to it’s customers. If you make certain amount of transactions you will get VIP benefits. We have discussed the VIP membership below in this article
Neteller administrative fee and foreign exchange
It is important to discuss about fees. I already covered the deposit and withdrawal fees according to payment method above. Let’s look at neteller administrative fee and foreign exchange policy.
Neteller Administrative fee
If you keep your neteller account active and maintain it properly you do not have to pay any administrative fee at all. But, if you remain inactive for 13 months neteller will alert you via email about inactivity and will charge you administrative fee in 14th month. So, it’s not difficult to avoid administrative fee.
Neteller will charge you 3.99 percent on all currency conversions. Also, you will be charged exchange intrabank rate as it fluctuates that’s why neteller keep 3.99 percent more to protect against fluctuations which is reasonable thing to do in my eyes.
Neteller for Business
If you run an online business and looking for one of the best payment processor to accept payments on your website or store. Then neteller should be your first choice. Many people do not know that but neteller is great payment processor for online business owners.
Why Neteller is most secure for online business owners?
Neteller is most secure because;
- 100+ payment options
- No chargeback guaranteed (if you use PayPal or other payment processor you know how hectic chargebacks are)
- Multiple currencies account
Neteller benefits for online businesses
- You can accept payments in any niche
- International online payments
- 15 languages so, you can convert more visitors into your customers
- Multiple payment options including bitcoin
- You can accept payments from 200 countries
- Simple and single integration no re-directions to confuse your clients
- Multiple deposit options for clients including local payments, debit/credit cards
Neteller protects merchants from chargeback with 100 percent guarantee you can run your online businesses safely and securely without any worries of chargeback and fraud. Your client’s can pay via multiple payment option but you will receive all the payments in your one single neteller account which are instantly available for you to use.
You can pay your affiliates instantly as well via neteller. Neteller will handle everything for you. Your affiliates will be get paid quickly and get instant access to their funds. Which, will motivate them to promote your business more.
Neteller Payment Security for merchants
Neteller provides flawless payment security for merchants. Neteller offers 100 percent guaranteed transactions which means that every money you will get is protected against fraud transactions. You do not need to worry about payments anymore.
Protection against bad debt
Neteller offers protection against bad debt. If you are running or wants to run a business which involves selling digital products you are very prone to have fraud customers. Whom can easily avail your services and can claim for chargeback and you cannot do anything about it with other payment processors especially with the giant payment processor like PayPal you are certainly going to lose your hard-earned money as well as you will pay the chargeback fee but if you use neteller you are going to avoid this scenario as neteller protects you from chargebacks and fraud transactions. So, your digital or any sort of business which involves risk is 100 percent secure. You can easily focus on increasing your customers without worrying about the bed debts.
Neteller has a strong process of identity verification. Those countries which have shady histories in online purchasing neteller verify their identification and protects you against fraud.
You can checkout Neteller merchant directory here. If you are into online fantasy sports it’s a good news for you that all the major fantasy sports companies accepts neteller. Even IQ Option Accepts Neteller for deposits and withdrawals.
Neteller offers the most attractive VIP features in online payment services
Neteller Pros and Cons
You can check out neteller deposit and withdrawals options along with fees
Neteller is one of the best online payment processor. As, you can see it offers plenty of options to deposit and withdraw your money. You can use neteller on thousands of merchant sites to pay and get paid for them. If you are business owner you can use neteller as a payment processor to run your online business flawlessly without any issues to worry.
The biggest and best benefit is charge-back and fraud protection. Neteller is expensive is on a fee side but the security they provide is really worth it. So, if you are looking for digital wallet for instant transactions for individual or for your business needs, neteller is the online payment service you must have. It is far better than PayPal in my eyes for selling digital products. Neteller support is great as well and the cons we found them are not true drawbacks they can be frustrating but certainly due to heavy security they offer to their clients.