Online payment solutions are nowadays more and more numerous. Launched in 1999, Neteller is one of the oldest and, to date, this digital portfolio continues to recruit new members. Neteller is valued by many traders because of the various advantages it offers. For those who wish to know more, here is an overview
Opening an account online
Registration on Neteller is done directly online, on its website. To become a member of the portal, simply click on the “register” button and fill in the dedicated form. This includes providing an email address and login password, as well as specifying your country of residence and transaction currency. In order to guarantee the security of its members, Neteller also performs authentication before validation, and thus requires some identity documents. The account is checked and activated after about 24 hours.
Deposits and withdrawals
Like registration, transactions via Neteller are carried out directly online. To fund a trading account, simply log in to your broker and indicate the Neteller payment method. The money is then sent instantly, using only your e-mail address and password. As far as withdrawals are concerned, the time limits depend on the broker concerned, but are generally within 24 hours. Please note that most online brokers accept Neteller as a payment method. As a bonus, this digital wallet supports 22 different currencies and its Net prepaid card allows you to withdraw your money in more than 100 countries.
Becoming a Neteller member is completely free of charge. However, fees are charged depending on the transaction. The cost of a money transfer is 1% of the amount sent, while cash withdrawals are charged at €4 per transaction. Payments in online stores are free, as are deposits. In addition, Neteller charges exchange fees of 3.39% of the sum. In any case, it is much cheaper than banking transactions.
Used in more than 200 countries, Neteller must secure its system. In addition to 128-byte data encryption, it offers two-step authentication to protect your account via your phone. Approved by the British FCA authority, Neteller also guarantees its customers good creditworthiness. Neteller is also valid on our leaders in binary and forex options, web options and eToro.