Available in | 15 languages |
---|---|
Founded | 1999; 21 years ago[1] |
Area served | Worldwide |
Key people | Lorenzo Pellegrino (CEO) |
Industry | Online payments |
Products | Payment gateway Digital wallet Prepaid card PSP |
Parent | Paysafe Group |
URL | neteller.com |
Neteller is an e-money transfer service used to transfer money to and from merchants, such as forex trading firms, social networks firms. It can withdraw funds directly using the Net+ card or transfer the balance to their own bank accounts.[2][3]
It is owned and operated by British global payments company Paysafe Group, alongside former competitor Skrill and prepaid payment method paysafecard.
History[edit]
Pay online with confidence. You can trust NETELLER for fast and secure online payments. Paying with NETELLER is always instant, secure and free. Get started Learn more. How does NETeller work? Create a fast and free Neteller account. Clients can upload funds to their Neteller account in a number of different ways. Debit / credit cards, prepaid cards, bank transfers and other electronic wallet services such as Ukash are all options. The time it takes to display funds depends on the method used to download.
![Neteller malaysia Neteller malaysia](https://i.ytimg.com/vi/z9FuY3m14uQ/maxresdefault.jpg)
Neteller was created in 1999[1] in Canada and moved to the Isle of Man in 2004.[4][5] Paysafe Group is listed as an 'Authorised Electronic Money Institution'.[6]
In 2015, Optimal Payments Plc (now Paysafe Group) finalized a transformational transaction for the global payments industry – the acquisition of Skrill Group, one of Europe’s largest online payments systems and among the world’s largest independent digital wallet providers.[citation needed]
- Shop securely, transfer money worldwide and enjoy instant access to your funds with NETELLER. Create your free account in minutes and add funds via multiple.
- Once the funds are credited into your NETELLER ewallet, you can now transfer the available funds to your broker from your trading account at the broker’s end. To receive funds into your NETELLER account from your broker, simply designate your NETELLER ewallet for the receipt of the funds.
- You can trust NETELLER for fast and secure online payments. Paying with NETELLER is always instant, secure and free. Get started Learn more. Processing payments from: Trust NETELLER when paying online.
Neteller is not a bank and does not lend customers' funds. It is required under FCA e-money regulations to maintain customer funds in separate trust accounts, separate from its operating cash, sufficient to repay all customer balances at the same time.[7]
Online gambling[edit]
Neteller began processing online gambling payments in July 2000, it was processing payments for 85% of the world's gambling merchants. 95% of the firm's revenue at that time was derived from fund transfers to online gaming firms, with many users being U.S. residents.[8]
Neteller's logo as of 2001.
Accounts of U.S. users were restricted as the firm exited the United States, and funds were unrestricted after 30 July 2007.[9] As a result of this enforced exit from the U.S. market, and the risks associated with online gambling, the firm has sought to diversify. Pixies of the forest. Despite this, Neteller fee revenues fell from US$ 239 million in 2006[10] to about $61 million in 2010.[11] In June, 2019 NETELLER quitted US market.[citation needed]
High-turnover customers are offered premium membership called 'NETELLER VIP'. It includes additional features and lower fees similar to premium membership of Skrill.[12].
NETELLER VIP membership benefits also include earning cashback on transfers made using a NETELLER account, increased transfer limits and a free prepaid Mastercard for members with Silver, Gold, Platinum and Diamond VIP status.[13].
Neteller Malaysia
Legal issues surrounding online gambling mean that customers in a range of countries (Albania, Cambodia, Canada, Hong Kong, Israel, Laos, Lebanon, Macau, Singapore, and Turkey) are not permitted to make transfers to gambling merchants.[14][3]
Product capabilities[edit]
Consumers can sign up for a Neteller account on the company’s website. Accounts may be set up in 26 major currencies.[15] Money can be loaded into the account from a bank, credit/debit card or via about 40 other methods. These deposit types vary by country and some are instant.[3]
Money in a Neteller account can be used to pay merchants, sent to other customers of the service, or spent at any retailer that accepts MasterCard using the Neteller prepaid card that is a part of the account.[16] Money can also be received into the account directly from other merchants with Neteller accounts, merchants such as gambling winnings, insurance payouts or video-gaming trading proceeds. Lucky fish games. Customers can withdraw funds from their accounts by bank transfer, cheque, or using the company’s Net+ prepaid MasterCard at point-of-sale and automated teller machines.[15]
Net+ card[edit]
NET+ Card
In 2003, the company launched the Neteller Card and a few years later in 2008 the card product line was later rebranded as Net+.[citation needed] Under the Net+ name the company offers MasterCard prepaid debit cards and merchant-brandable card programs, and formerly offered virtual cards. The Net+ virtual card generated a different virtual card number for each transaction instead of having a fixed card number, preventing some forms of fraud. If unauthorised users obtain and try to use card numbers, or if an otherwise legitimate merchant tries to take additional, unauthorised, payments, the transaction fails as the card number cannot be re-used.[17][18] In November 2016, the Net+ prepaid is only available to residents of authorized European Economic Area and other countries was cancelled without refunding the card fees.[19]
Sponsorship[edit]
Neteller's logo was displayed on the front of the Crystal Palace Football Club according to the sponsorship deal signed by Optimal Payments PLC (now Paysafe Group) for the 2014/15 and 2015/16 seasons of the English Premier League.[20]
Pay With Neteller
References[edit]
- ^ ab'Mobile payment methods players can use to play online slots'. UKTN (UK Tech News). Retrieved 2020-05-05.
- ^'Audited Results for the year ended 31 December 2014'. 23 March 2015. Retrieved 31 March 2015.
- ^ abc'Advantages and Disadvantages of Using Neteller in Forex Industry'. ForexNewbies. Retrieved 31 March 2015.
- ^'Neteller and Skrill popular among online gamblers'. The Financial Express. 2015-11-18. Retrieved 2020-05-05.
- ^Reynolds, Bill (1 October 2014). John Lefebvre, Neteller and the Revolution in Online Gambling. ECW Press. pp. 221, 353. ISBN1770905723.
- ^'Financial Services Register'. Financial Conduct Authority.
- ^'Safeguarding requirements'. FCA. 29 July 2015. Retrieved 16 February 2018.
- ^'U.S. Charges Two Founders Of Payment Services Company With Laundering Billions Of Dollars Of Internet Gambling Proceeds'(PDF). United States Attorney for the Southern District of New York. 16 January 2007. Archived from the original(PDF) on 13 August 2012. Retrieved 31 March 2015.
- ^Hunt, Christopher (29 July 2007). 'Poker News - NETELLER Begins Long-Awaited Payout Plan'. PokerListings. Retrieved 31 March 2015.
- ^'NETELLER Plc: 2006 Annual Report'(PDF). Neteller PLC. p. 7. Archived from the original(PDF) on 8 October 2007. Retrieved 31 March 2015.
- ^'Audited Results for the year ended 31 December 2010'. InvestEgate. Retrieved 31 March 2015.
- ^'NETELLER VIP Program'. Retrieved 31 March 2015.
- ^'NETELLER VIP'. Retrieved 16 May 2019.
- ^Williams, Christopher (2007-03-27). 'Canada sticks the boot into Neteller'. The Register. Retrieved 2012-11-04.
- ^ ab'Neteller review'. ewalletbooster.com. Retrieved 16 May 2019.
- ^'Neteller Review'. PredictEm!. Retrieved 31 March 2015.
- ^'Neteller launches virtual pre-paid card' (Press release). Finextra. 21 October 2008. Retrieved 1 April 2015.
- ^'Net+ Prepaid Card Review'. Prepaid365. Retrieved 1 April 2015.
- ^'Skrill & NETELLER MasterCard not available for NON-SEPA Countries anymore'.
- ^'Optimal Payments Becomes Official Shirt Sponsor'. Crystal Palace F.C. Official Website. 7 July 2014. Retrieved 31 March 2015.
External links[edit]
- Official website
Retrieved from 'https://en.wikipedia.org/w/index.php?title=Neteller&oldid=988791912'
Amazon Pay accepts credit and debit cards and transfers from your available Amazon Pay account balance. Credit cards currently accepted include Visa, Mastercard, Discover, American Express, Diners Club, and JCB. An Amazon.com store card is available for use with selected merchants.
Notes
Neteller Account
- In some circumstances, you might be limited to using Visa and Mastercard credit cards. In those cases, the checkout process will make that clear and will let you add one of those payment methods.
- Amazon.com Gift Cards cannot be used as a payment method to place an order using Amazon Pay. Amazon.com Gift Cards can only be used to purchase eligible goods and services on Amazon.com and certain related sites as provided in the Amazon.com Gift Card Terms and Conditions.