A Brief Guide to Neteller: How to Create an Account on Neteller
In this digital and fast-paced age, global online transactions are necessary. For that, we need viable and credible online payment platforms. In that regard, Neteller stands as one of the best. Let us learn more about it.
In this brief guide, we get to know Neteller’s pros & cons and its fee. We will also see how you can create an account on Neteller.
Neteller: What do you need to know?
In a word, Neteller is an e-wallet and online payment platform with a global scope. It is also a sister product to Skrill. Neteller offers utmost convenience. Essentially, it is dedicated to transactions for Forex, BO platforms, and stocks. In addition, it is used widely for cryptocurrency and transactions related to digital assets. However, it can be used as a basic payment tool for global transactions.
With over 20 years in the game, Neteller is riding the tide high today. The London-based group, known as Pay Safe, created Neteller in the year 1999. Today, Neteller is trusted as one of the most secure platforms in the world. It has an unprecedented position in the industry. It provides an efficient service in 200 countries with millions of customers.
Neteller offers a user-friendly online platform. Within minutes, you can access millions of ATMs, points of sales, and locations.
As a leading online payments entity, Neteller works and operates in perfect accordance with the regulations. It functions with a license from Financial Conduct Authority. Moreover, it abides by all the regulations and standards set by the European Economic Area.
Neteller: Pros & Cons
Below, we have jotted down the pros and cons of Neteller. It is good to know where a certain platform stands.
Pros
- Offers a user-friendly application (compatible with both IOS & Android)
- Highly secure transactions and offers 100% protection against frauds
- You can directly withdraw an amount using the Net Plus Card
- Neteller has a fixed deposit fee of 2.5%
- You get free withdrawals and deposits to traders if you use the Neteller e-wallet.
- Used widely and globally
- Ideal for payments for Forex and gaming entities
Cons
- Some users have encountered sudden freezing of accounts and transactions
- Imposes a relatively higher conversion fee of 3.99%
- Customer support is slow in terms of responsiveness
- If an account is inactive for 1 year, Neteller will charge an inactivity fee
- Imposes a charge on P2P transactions of 1.45% to 4.99%
Neteller: Fee Details
Deposit Fees
- 2.5% if the amount is less than USD 20,000
- Free if the amount exceeds USD 20,000
Withdrawal Fees
- USD 10 on a bank transfer
- Free for merchant sites
- 1.75% per USD 6 if you use the Net Plus or Prepaid MasterCard.
Neteller: Creating an Account
Within a matter of minutes, you can create an account Neteller. Just follow the step-by-step process below.
01. Head to the official Neteller website and reach its sign-up page.
02. As you land on the sign-up page, you can be asked to provide essential information. This information is critical in account registration. Make sure it is accurate.
03. Provide the following information
- First Name
- Last Name
- Country
- Currency
- Email Address
- Password
04. After providing the information, simply click on the green ‘Register’ button.