Neteller Review

Neteller Review Summary

Neteller is an e-money transfer provider that supports 22 different currencies. It allows for instant payments and money transfers. During the early aughts, it accounted for 80% of gambling transactions. It made 95% of its revenue from the gambling industry. Since online gambling is banned, the company has worked to diversify its business. You can now use Neteller to make international payments from your mobile phone. The services offered by Neteller are flexible and convenient. It accepts a wide range of payment methods. You can use your debit card, online banking account, and credit card to make deposits and withdrawals.

Neteller review
Neteller Features

Neteller Year Established

1996

Neteller International Clients

Neteller accepts international clients.

Neteller Age requirement

18 years

Neteller Currencies Offered

28 online

Neteller Minimum Transfer

none

Neteller Transfer Fees

none

Neteller Office Locations

Headquarters in US, with subsidiary offices and certified agents literally across the globe.

Neteller Employees

250

Neteller Turnover

112700000

Neteller Regulation

Financial Conduct Authority (FCA)

Neteller Fees

Neteller transfer fees are none.

Fees with Neteller may vary per transfer, depending on method of sending, currencies and amount. Based on World Bank statistics, the fixed fee can be as high as 19 Pounds for 120 Pound transfer to Ethiopia (source).

Additionally to the fixed fees taken by Neteller, the World Bank Statistics reveal that an additional markup of between 1 and 4 per cent is incurred.

Neteller Client Rating

Neteller has a rating of 4.

Number of Neteller customers

500000

Neteller Website

www.neteller.com

Neteller Supported Languages

Neteller Review

Neteller review
Pros and Cons of Transferring Money with Neteller

Most of the time money transfers with Neteller will be smooth. Each money transfer service have their own benefits and isses, so always weigh the pros and cons of sending money with Neteller money prior to submitting an application to Neteller.

Can you easily afford the Neteller fees, are the exchange rate costs reasonable with Neteller?

Neteller review
Neteller Advantages

  • Neteller has been in business over 4 years
  • Neteller has aa good rating.
  • Neteller offers PayPal as a payment method
  • Neteller offers Neteller as a payment method
  • Neteller offers Skrill as a payment method
  • Neteller is availble in many international countries.
  • Neteller offers a wide range of money transfer currency options.
  • Neteller offers phone support.
  • Neteller offers email support.
  • Neteller offers an Apple iOS mobile application.
  • Neteller offers an Android Google Play Store mobile app.

Neteller review
Neteller Disadvantages

  • Neteller does not offer PayPal as a payment method
  • Neteller does not offer Neteller as a payment method
  • Neteller does not offer Skrill as a payment method
  • Neteller does not offer a mobile wallet.
  • Neteller does not offer Home delivery for money transfers.
  • Neteller does not offer Cash pickups for money transfers.
  • Neteller does not offer Money orders.
  • Neteller does not offer Livechat support.

What Is Neteller?

Neteller is a financial service company, that offers its clients money transfer services.

Neteller was founded in 1996 by Lorenzo Pellegrino and has offices in London, UK.

Neteller provides money transfer services to its 500000 customers who are from all over the world including worldwide.

The London, UK Neteller business was founded in 1996 to deliver money orders locally and internationally.

Do Neteller Offer Money Transfer?

Money transfer businesses, or other financial corporations use EFT (electronic funds transfer) to send money across distances, large or small. That is to say that it is not actual money being sent, it is rather data that represents the amount being sent that the recipient can withdraw whenever they wish.

Is Neteller Trusted And Established?

Neteller is among the most recognized and reputable money transfer platforms. It has an exceptional track record and offers reasonable rates.

Neteller was established in 1996 in London, UK, and has been in operation for around 26 years Neteller have a head office in London, UK.

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How much does it cost to send a Neteller Transfer?

Neteller money transfer exchange rates are quite minimal compared to banks and other money transfer providers. A minimal percentage is charged on top of the exchange rate as standard practice. Neteller only charges none, when compared to other money transfer service providers.

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How much can I send with Neteller?

The maximum transfer amount with Neteller is up to up to 50000 USD/transaction (or its currency equivalent) online.

While Neteller charges a small percent of transfer fees, the brand offers reasonable exchange rates.

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Neteller Money Transfer Terms and Conditions

When transferring money with Neteller, it is crucial to keep tabs on the following:

  1. Neteller Speediness. Often the need to money transfer may be urgent and time critical.
  2. Neteller Reliability and reputation. The safety of money and personal information can be a concern for those wanting to use international money transfer services to send money.
  3. Neteller Transaction charges. Transaction charges are important as the majority of customers wish to send money overseas without having to worry about paying excessive charges.
  4. Neteller Ease of use, and convenience. Your money transfer platform should be flexible and offer a good range of options and features, making it more convenient for customers to send money overseas.
  5. Neteller Customer service. Because one can often run into problems when transferring money. A money transfer platform with excellent customer service could solve a lot of problems. Neteller customer service should respond to your queries quickly and work with you to resolve any issues that you have.

Neteller review
How Neteller Compares To Other Money Transfer Companies

NameNetellerXE Money TransferRemitly
Usedby5000002800000003000000
Transfer Time2-6 hours1-4 business days3-5 business days
Min TransfernoneUS$1.00US$1.00
Max Transferup to 50000 USD/transactionUS$500,000.00 (or equivalent)US$20,000.00
Payment Methodsonline banking account, debit, and credit cardBank transfer, credit card, debit cardBank transfer, credit/debit card
iOS Appyesyesyes
Android Appyesyesyes

Neteller review
Neteller Risk Warning

Any taxes or charges are payable in the destination country. costs may exist that are not paid through Neteller or imposed by Neteller. Your Neteller money transfer transaction may be cancelled if it is demmed to be connected with prohibited activities including all applicable laws regarding anti money laundering or counter terrorism financing laws. or the transaction is actioned through unauthorised use of your Neteller account.

Neteller review
Neteller Fees & Exchange Rates

Several money transfer platforms like Neteller charge money for every money transfer a customer makes through their platforms. Other than that, every time an individual exchanges money from one particular currency to another, the money transfer operator in this case Neteller may charge for a currency exchange.

Neteller review
Neteller Transfer Fees

A transfer fee is the sum of money that a money transfer operator like Neteller charges a customer for transferring money to a recipient. The amount charged depends on the operator charging it.

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Neteller Exchange Rate Margins

Exchange rate margins are how Neteller, banks and other financial corporations make profit off their services instead of charging customers with commission fees.

When a bank or a money transfer service like Neteller quotes an exchange rate to a customer, they usually take the interbank rate and add an amount known as a margin rate. Check with Neteller to see what their exchange rate margin is.

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Neteller Methods to Transfer Funds

A Neteller fund transfer is when someone sends money from their account to another person's account. Money can be transferred using different methods, e.g. online, via the phone, or a mobile app.

The methods to transfer funds are:

  • Manual EFT
  • Automatic EFT
  • Bill payment
  • Correction

Neteller enables users to transfer money using bank transfer, via none.

Neteller review
Neteller Currencies Supported

Money transfer operators that offer more currency options are beneficial because they make for reduced conversion fees. This way customers do not have to pay exorbitant conversion fees when transferring money.

Neteller offers every available world currency to its customers. We list the major Neteller supported currencies below.

Neteller Money Transfer Currencies
NameCurrencies
AED, AUD, BGN, BRL, CAD, CHF, CNY, COP, DKK, EUR, GBP, HUF, INR, JPY, MAD, MXN, MYR, NGN, NOK, PLN, RON, RUB, SEK, SGD, TND, TWD, USD, ZAR
AED, BDT, BHD, BTN, HKD, IDR, ILS, INR, JOD, JPY, KWD, LKR, MYR, NPR, OMR, PHP, PKR, QAR, RUB, SGD, THB, TRY, TWD, VND, BAM, BGN, CHF, CZK, DKK, EUR, GBP, HRK, HUF, NOK, PLN, RON, RSD, SEK, BBD, CAD, CRC, DOP, GTQ, HNL, JMD, MXN, TTD, USD, XCD, AUD, FJD, NZD, TOP, WST, ETB, GHS, GMD, GNF, KES, MAD, MUR, MZN, RWF, SLL, TND, TZS, UGX, ZAR, ARS, BOB, CLP, COP, GYD, PEN, PYG, UYU
ALL, ARS, EUR, BSD, BDT, XOF, BOB, BRL, BGN, BIF, USD, XAF, CLP, CNY, COP, KMF, CRC, HRK, CZK, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, GYD, HNL, HUF, INR, IDR, JMD, JPY, JOD, KES, MGA, MWK, MYR, MXN, MAD, NPR, NGN, PKR, PYG, PEN, PHP, PLN, RON, RUB, RWF, SLL, ZAR, KRW, LKR, TSZ, THB, TND, TRY, UGX, UYU, VND, ZMW
AED, ARS, AUD, BDT, BGN, BWP, CAD, CHF, CLP, CNY, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW
AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AED, EUR, PLN, AUD, GBP, SEK, CAD, HKD, SGD, CHF, HUF, USD, CZK, NOK, ZAR, DKK, NZD
AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, FJD, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AUS, SGD, HKD, INR, MYR, EUR, GBP, USD, CAD, JPY, NZD
USD, AUD, CHF, EUR, HKD, JPY, BBD, BMD, BSD, DKK, GYD, INR, JMD, KYD, MXN, NOK, NZD, SAR, SEK, SGD, TTD, ZAR, GBP
AUD, BGN, CAD, HRK, CZK, DKK, EUR, HKD, HUF, INR, ILS, JPY, JOD, MYR, MAD, NZD, NOK, OMR, PLN, GBP, QAR, RON, SAR, RSD, SGD, ZAR, KRW, SEK, CHF, THB, TRY, AED, USD
AED, AUD, BND, CAD, CHF, CZK, DKK, EUR, FJD, HKD, HUF, IDR, ILS, INR, IRR, JPY, KRW, KWD, LKR, MAD, MXN, MYR, NGN, NZD, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SCR, SDG, SEK, SGD, THB, TOP, TRY, TWD, USD, VND, VUV, WST, XOF, XPF, ZAR
EUR, GBP, USD, CAD

Neteller review
Neteller Transfer Options

Neteller offers the following transfer options:

Neteller Money Transfer Options Compared
NameTransfer Options
Bank deposit
Bank deposit
Bank deposit, cash pick-up, home delivery, mobile wallet deposit.
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up (Philippines)
bank deposit, cheque, wire transfer, debit card, credit card
Bank deposit, cash pick-up, VISA & MasterCard, ATMs, mobile wallet deposit (depending on country)
Bank deposit
Bank deposit, cash pick-up , door-to-door delivery

Single Payments

’Single payments’ is a term used to recognize a one-time money amount from an allowance. For a single payment, the user may use a single credit card (or debit card) and have a single invoice.

Regular Payments

A regular payment is a highly economical and easy way to transfer money with Neteller. It is best suited for customers who have to transfer regular smaller amounts (usually three, four, or smaller five-digit amounts).

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Who Neteller Services Are Available To

Neteller offers services for sixty different currencies across more than one-seventy countries.

The more global a money transfer operator becomes, the more reliable it is for people across the globe.

Neteller Country Restrictions

Neteller does not operate in the following countries :

  • Afghanistan
  • Aland Islands
  • American Samoa
  • Angola
  • Anguilla
  • Antarctica
  • Antigua and Barbuda
  • Barbados
  • Belize
  • Benin
  • Bhutan
  • Bonaire (including Sint Eustatius and Saba)
  • Bouvet Island
  • British Indian Ocean Territory
  • Burkina Faso
  • Burundi
  • Cape Verde
  • Central African Republic
  • Chad
  • Cocos (Keeling) Islands
  • Comoros
  • Congo
  • Democratic Republic of
  • Congo
  • Republic of
  • Cook Islands
  • Crimea
  • Cuba
  • Curacao
  • Djibouti
  • Equatorial Guinea
  • Eritrea
  • Faroe Islands
  • Fiji
  • French Guyana
  • French Polynesia
  • French Southern Territories
  • Gabon
  • Gambia
  • Greenland
  • Grenada
  • Guadeloupe
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Heard Island and Mcdonald Islands
  • Holy See (Vatican City State)
  • Iran
  • Iraq
  • Ivory Coast (Cote d'Ivoire)
  • Japan
  • Kiribati
  • Kosovo
  • Kyrgyzstan
  • Lao People’s Democratic Republic
  • Lebanon
  • Liberia
  • Libya
  • Macao
  • Mali
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mayotte
  • Micronesia
  • Federated States of
  • Montserrat
  • Myanmar
  • Namibia
  • Nauru
  • New Caledonia
  • Niger
  • Niue
  • Norfolk Island
  • North Korea
  • Northern Mariana Islands
  • Palau
  • Palestinian Territory
  • Papua New Guinea
  • Reunion
  • Pitcairn
  • Rwanda
  • Saint Barthelemy
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Martin
  • Saint Pierre and Miquelon
  • Saint Vincent and the Grenadines
  • Sao Tome e Principe
  • Seychelles
  • Sierra Leone
  • Sint Maarten
  • Solomon Islands
  • Somalia
  • South Georgia and the South Sandwich Islands
  • Sudan (North and South)
  • Suriname
  • Svalbard and Jan Mayen
  • Syria
  • Tajikistan
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Vanuatu
  • Venezuela
  • Wallis and Futuna
  • Western Sahara
  • Western Samoa
  • Yemen
  • Zimbabwe
  • Crimea
  • Cuba
  • Iran
  • Libya
  • North Korea
  • South Sudan
  • Sudan
  • Syria

Certain countries are restricted because Neteller is not allowed to legally operate in those regions or it is not economically viable for Neteller to provide money services in these regions.

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Neteller International Money Transfers

An International Transfer is when someone sends money from their account in one country to a bank account in another country.

Setting up your Neteller money transfer is quick and simple with the modern Neteller online platform.

Transferring money internationally used to be a tedious process 10 years ago but advances in software and the internet have made transferring money allot easier.

These days, you can send a money transfer with ease on the Neteller website.

The Neteller website includes useful and easy-to-access option for those who wish to track their money and monitor when it can be received, providing a safe and accessible option if you'd like to keep an eye on your transfer.

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Neteller Minimum Money Transfer

Several money transfer companies do not have a minimum money transfer amount. Making it easy for their users to send small amounts of money. Neteller has a minimum transfer amount of none.

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Neteller Maximum Money Transfer

Money transfer companies often do not have maximum transfer limits. For example, Neteller does not have a maximum transfer limit when the user is paying through phone. There is however, a up to 50000 USD/transaction limit per transaction for online transfers.

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Neteller Money Transfer Fees and Charges

These are the fees charged by Neteller and other money transfer companies (or other financial corporations) for transferring money. Several companies however, do not charge their users for transferring money. The only charges there are to pay are currency conversion charges.

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How Long Does It Take to Get a Neteller Money Transfer

Neteller money transfers do not usually take very long. It normally takes less than 24 hours for a money transfer to complete between two accounts with the same financial corporation. While in the case of money transfers with money transfer services like Neteller, it can take a little as a few minutes. If the money is being sent overseas, it can take up to five days for the recipient to receive the money from Neteller.

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Neteller PLC Status

If a company has the acronym PLC at the end of its name, it means that the business offers its shares to the public and is traded on a public stock exchange. This alone makes the company more reputable. Neteller is not a publically listed company. Neteller is a privately owned company.

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Neteller Money Orders

The charges for issuing money orders with Neteller are none.

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Neteller Mobile Top Up

Neteller offers mobile top ups.Neteller mobile top ups are where a user can add credit to a recipient’s mobile phone number. The recipients number has to be local. These are normally processed within minutes, if not seconds.

Neteller COVID-19 Help

Some money transfer companies offer COVID-19 financial assistance. This may be in many forms including payment holidays, reduced interest rates and more options to pay. Check with Neteller directly to see what they are able to offer if you are adversely affected by COVID-19.

Who are Neteller Money Transfers Best For

There may be many reasons you are looking to action a money transfer with Neteller. These reasons can include debt consolidation, medical bills, student debt, collection agency debt, wedding costs, holidays, home repairs and repaying friends and family.

Neteller money transfers are best for people looking for looking for a reliable fast money transfer service.

Neteller Guide for Fast Money Transfer Approval

For Neteller to be able to process your money transfer application as quickly as possible make sure you have everything Neteller need. If you and Neteller need to go back and forth it may delay the Neteller application process. Make sure every piece of information you give Neteller is accurate.

Please note that you must have at least a minimum of one active bank account for Neteller to process your money transfer.

Neteller Application Time

Application time refers to the amount of time you have to wait for your Neteller registration to be approved. This should not take long, especially if you have nothing which should come up as red flag on the Neteller system.

Neteller Approval Time

It is the time it takes for Neteller money transfer operator to approve the money transfer being made. Depending on the situation this can take up to five days.

Neteller Funding Time

It is the amount of time it takes for the recipient to receive the money transfer. Once your Neteller money transfer has been approved the money should be in your account within four working days.

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Things to Check Before a Neteller Money Transfer

Why more features are useful for modern life’s and why new challenger banks are starting to beat traditional banks.

Here are a number of important things to consider before considering Neteller money transfer:

  1. Reliability and safety
  2. Making preparations before the transaction
  3. Convenience
  4. Transfer and conversion rates
  5. The quality of the customer service offered

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Neteller Customer Support

Neteller support should be there to help customers with their issues which includes answering their queries, guiding them through and difficult processes and issues when transferring money. Neteller customer support should troubleshoot any issues with you until you get to a resolution that you are happy with.

When getting a Neteller money transfer you will want to speak to a Neteller representative in a language that you are comfortable with. All your Money Transfer queries and issues should be resolved quickly.

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Does Neteller Offer Live Chat?

Customers can reach out to Neteller through live chat to resolve Neteller money transfer account issues or difficulties with their Neteller account that they can't solve. Live chat, or live support is a real-time live chat feature used by customer support representitives allowing customers to instant message to and receive guidance from a trained agent regarding a your money transfer related query.

Neteller review
How does Neteller Compare with Other Money Transfer Companies?

When deciding upon a money transfer company like Neteller you will want to know how Neteller compares with other leading online money transfer companies. See how Neteller compares below.

  1. Visit Neteller alternative XE Money Transfer

    Used By: 280000000
    Currencies Available: 76
    Transfer Fees: none
    Payment Methods: Bank transfer, credit card, debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$500,000.00 (or equivalent)
    Year Founded: 1993

  2. Visit Neteller alternative Remitly

    Used By: 3000000
    Currencies Available: 63
    Transfer Fees: 0-3.99$
    Payment Methods: Bank transfer, credit/debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$20,000.00
    Year Founded: 2011

  3. Visit Neteller alternative Wise Multi-Currency Account

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  4. Visit Neteller alternative Wise

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$1,000,000 (varies based on currency)
    Year Founded: 2011

  5. Visit Neteller alternative CurrencyFair

    Used By: 150,000
    Currencies Available: 17
    Transfer Fees: 0.45%
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: £5.00 (or equivalent)
    Max Transfer: £10,000,000.00 (or equivalent)
    Year Founded: 2009

  6. Visit Neteller alternative Wise Business

    Used By: 11000000
    Currencies Available: 55
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  7. Visit Neteller alternative InstaReM

    Used By: 130000000
    Currencies Available: 11
    Transfer Fees: 0%-1%
    Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
    Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
    Year Founded: 2014

  8. Visit Neteller alternative Scotiabank

    Used By: 25,000,000
    Currencies Available: 23
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card, credit card, apple pay, google pay, Scotiabank Saddletone gift cards
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 10000 USD
    Year Founded: 1832

  9. Visit Neteller alternative Skrill

    Used By: 120,000
    Currencies Available: 33
    Transfer Fees: none
    Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$1.00 (varies based on certain currencies)
    Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
    Year Founded: 2001

  10. Visit Neteller alternative MoneyGram US

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 0-1.99$
    Payment Methods: pay by card or directly from your bank account
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 3000 USD
    Year Founded: 1940

  11. Visit Neteller alternative Xoom

    Used By: 250000000
    Currencies Available: 4
    Transfer Fees: 0$-40$
    Payment Methods: Bank transfer, debit/credit card, PayPal balance
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$10.00
    Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
    Year Founded: 2001

Neteller review
Neteller Website and Mobile Apps

Neteller has a website available online but it may be useful to manage your Neteller account from your mobile device like your tablet or phone.

Neteller offers an Android mobile application on the Google Play store.

Neteller offers an Apple IOS mobile application for iPhones and iPads allowing Neteller to users to check their Neteller accounts on their iOS mobile devices.

Neteller review
Neteller Deposit and withdrawal Methods

Neteller offers the following Money Transfer payment methods: online banking account, debit, and credit card. All of significant bank systems are all acknowledged with Neteller.

Neteller offers ACH Payment which is used for direct deposit and debit transfers within the US. It is similar in nature to BACS (for the UK) and EFT (for Canada). Users can pay through bank transfer.

The recipient will receive the money in their bank account and can withdraw it using the method they prefer. They cannot, however, receive the money in the form of cash.

Take note that Neteller may charge additional commissions and fees when using certain payment and withdrawal methods. These fees may not necessarily come from Neteller.

Neteller review
Is My Money Safe With Neteller?

Neteller is a reliable, secure, and trusted option for sending money overseas. Neteller are registered and regulated with the Financial Conduct Authority (FCA).These regulatory licenses have strict rules that are enforced. These regulations safeguard the funds entrusted to them by Neteller customers.

Neteller review
Neteller Financial Regulation and Safety of Neteller Funds

Every business that wants to send money across borders (in excess of €3 million per month) must be licenced under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011, both of which were created by the UK government but executed by the FCA for UK residents.

Consumer credit, in simple terms, is credit offered to individuals so they can purchase goods or cover personal expenses. It does not cover long term investments such as purchasing property. It allows for a properly managed economy to function and further encourages economic growth.

Firms like Neteller that offer money transfer to retail customers are legally considered to be offering consumer credit.

A financial regulator ensures that consumers are protected, there is fair competition in the money transfer industry and the integrity of the Financial services industry as a whole is maintained.

Getting a money transfer with a regulated company is essential as it offers an increased level of protection than a money transfer from an unregulated one. This is because regulators are able to enforce strict rules and stop unscrupulous money transfer operators.

Laws differ on who can and cannot offer consumer credit in each country. Credit firms have strict rules that they must follow in order that they are legally allowed to transfer money to consumers. These laws are in place to protect consumers becoming trapped in a money transfer they can never pay off.

Be sure that Neteller is fully licenced as a money transfer company.

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Neteller Payment Services Regulations and Neteller

The Payment Services Regulations Directive, is run by the European Commission in order to govern payment services and their providers across the European Union as well as the European Economic Area.

One of its goals has been to make foreign currency transactions transparent, much like currency payments. This is to protect consumers and businesses from being swindled.

What is the Financial Conduct Authority?

The FCA is a control body meant to license money transfer companies. Companies such as banks, Forex brokers, and money transfer operators are monitored the most. This is because they deal in situations that involve many intricacies, such as transferring money and offering loans, etc.

All reputable money transfer businesses that operate within the United Kingdom by law have to be registered and authorised as a payment institution by the Financial Conduct Authority (FCA) to comply with the Payment Services Regulations that were introduced in 2017.

Check Neteller is financially regulated. Neteller is regulated by the Financial Conduct Authority (FCA).

This makes sure that your Money Transfer agreement is above board and safe. In Addition, it Usually Means that Neteller Possess a responsibility of care to their clients.

Is Neteller Registered as a Money Service Business with HM Revenue & Customs

Financial institutions (which do not classify as banks) which convert and transmit money like Neteller are known as Money Service Businesses. While they provide services similar to banks, they are still not considered banks. They offer more varied product options to individuals looking to transmit or convert money.

Financial authorities tend to keep tabs on Neteller and other Money Service Businesses the most because the type of services they offer can leave them vulnerable to be used in financial crimes like money laundering. This is why it is crucial for them to be registered with the HM Revenue and Customs in the United Kingdom.

Neteller Segregation of Client Funds

Neteller as part of their regulation are required to segregate client funds from Neteller company funds and keep all client funds within a bank that is authorised as a credit institution by the regulator. All client funds should be kept in the most reputable third-party financial institutions such as Barclays or the Bank of America.

Neteller regulatory requirements mean that Neteller Money Transfer funds and your funds should be totally separate. Neteller cannot use any money that is still legally yours to conduct Neteller daily business like paying Neteller suppliers and costs. Your funds should be kept by Neteller in a segregated bank account.

Neteller Regulation Checklist

  • Check whether Neteller has authorisation to offer consumer credit
  • Check the type of activities that Neteller are allowed to conduct with their authorisation
  • Check the contact details, trading names and main business of Neteller list on their website and the regulator match.

Neteller Fraud Prevention Features

Fraud prevention is highly crucial when transferring money because once the money is gone, it's gone. Scammers most often gravitate towards money transfers. Lack of fraud prevention procedures can lead to loss of funds, or even identity theft.

Neteller goes to great lengths to protect your Neteller account from fraudulent use. We explain some of Neteller anti-fraud features below:

  1. Neteller has SSL encryption that protects the customer's private information.
  2. Neteller has cutting edge technology that monitors almost everything i.e. from logins to transactions.
  3. The Neteller platform has a bespoke monitoring system that helps to detect and prevents fraud.

Automated Transaction Confirmations

Having instant notifications turned on is not only convenient because the user is instantly alerted whenever there is a payment related activity on their Neteller account, as you are instantly aware of every Neteller transaction these notifications to your phone help you to keep tabs on any suspicious activity.

After conducting a transaction with Neteller, the Neteller accounts primary contact will receive a transaction confirmation confirming the transaction amount, rate exchange applied, and Neteller delivery instructions.

Neteller Monitors Your Account for Suspicious Transactions

Neteller has systems and controls in place to detect fraudulent activity and protect Neteller client accounts from misuse. If Neteller detect a questionable transaction on your Neteller account, Neteller will contact you to verify the transactions legitimacy to ensure your Neteller funds are safe.

How Does Neteller Make Money?

Neteller and other money transfer companies often charge their customers a certain amount of interest fees on every transaction made. The fees depend on the amount of money the customer wishes to transfer. Neteller also earn money via foreign exchange rates.

Money transfer companies like Neteller and banks need to survive, so they make money on interest from accounts and money transfers.

Neteller Frequently Asked Questions

We list some of the most frequently asked Neteller questions below.

Is there a limit to how much I can transfer with Neteller?

You can transfer up to up to 50000 USD/transaction at a time.

When will I receive my Neteller transfer?

It normally takes 3-5 business days.

Is it possible to cancel my Neteller transaction?

If you need to cancel your transaction due to any reason, kindly contact us on this number 44 20 3308 9525.

How old do you have to be to sign up to a Neteller account

To signup to a Neteller account you will need to be at least 18 years old.

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Is Neteller a Scam?

Neteller have been in operation since 1996 and have over 500000 customers and 250 employees. Neteller is not a scam.

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Sending money online with Neteller

Sending money with Neteller is a single process once you have registered and verified your Neteller account and payment methods.

  1. Go to the Neteller website
  2. If you have a Neteller account you can log in, otherwise you will need to create a new account.
  3. Decide how much you would like to send and where you want to send it to.
  4. Enter all the required information about the beneficiary, this might include their name, address, bank account details, and other personal data.
  5. Tell Neteller how the beneficiary wants to get their money. Eg. through a bank transfer, cash pickup, or via some other means.
  6. Agree to the Neteller exchange rate and any fees.
  7. Pay for your Neteller transfer.
  8. Enter your information and provide and supporting documentation to verify your identity.

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How do I receive money from a Neteller money transfer?

Depending on where you are located, you have a few options for how you can receive any money that has been sent to your Neteller account. Your options for receiving money depend on the information entered by the sender, the country you are in, the currency you are receiving, and some other factors. Some methods of receiving money may not be available to you.

Receive Neteller money directly into a bank account

Bank transfers are useful because not only are they safe, but the whole process is quick, and they offer the kind of flexibility no other method can. Neteller allows for a deposit directly into your bank, credit union or other financial account.

Neteller Cash Pickup

Some money transfer companies have agents around the world, and you will need to take identity documents to receive cash. Money is typically available within ten minutes of being sent. Neteller allows you to pick up money in person at a Neteller agent location.

Neteller Smart Money and mobile wallets

A mobile wallet virtually stores cash card details on a smartphone. These are quite convenient as they allow for users to make purchases at physical stores without needing to carry money.

Neteller Does not support mobile wallets.

Neteller Home delivery

It is a way for an individual to receive money without having to leave home. What this means is that any money you send can be received in person at a designated home address. The money is delivered by a local agent. Neteller do not offer home delivery money transfers.

When was Neteller founded?

Neteller was founded in 1996.

Is Neteller Any Good?

Neteller have a rating of 4 and are financially regulated, Neteller can be considered a good money transfer company.

Is it easy to close my Neteller account?

Its is easy to close you Neteller account. You will have to make sure any outstanding payments and fees due to Neteller are paid in full Before Neteller will fully close your account. Make sure when closing your account Neteller send you an official confirmation that your account is closed and no more monies are due to Neteller.

Does it take long to setup a Neteller account?

No, setting up a Neteller account can take a few minutes. You will need to provide some proof of identity and address. You should definitely be able to access all the features of your Neteller account in 1-3 days.

Where are Neteller based?

Neteller are based in London, UK

Countries where Neteller is legal?

Neteller is legally allowed to operate in over 265 countries.

How do I track a Neteller Money Transfer

You can track a Neteller money order by calling Neteller or by tracking the order online. Call Neteller number on 44 20 3308 9525. The Neteller automated phone system will take a few details and give you a status update. You can go online to the Neteller website and check the status of a money transfer at any time.

If you have a Neteller online account, log in and view your transaction history; If you do not have an online account, or if you are the receiver of the Neteller transaction, use the Neteller payment reference number on the Neteller website to check the status of the transfer.

Can I cancel my Neteller transfer?

The way that you cancel a Neteller transfer depends on how you created and sent the Neteller money transfer originally.

You may need to contact Neteller by phone on 44 20 3308 9525, through their website at www.neteller.com or via email [email protected] Requests are typically processed within 30 days, and you may be charged a cancellation fee by Neteller.

If you made the Neteller transfer online, then you should log in, find the transaction in your transaction history and then cancel it on the 'Transaction Details' page. If you do not have a Neteller account, use the 'Track a Transfer tool to find the transaction and then cancel it on the Transaction Details page.

Double check the terms and conditions for cancelling a Neteller transfer on their website.