Neteller in India - How to Create an Account and How to exchange perfect money to Neteller

Neteller

What is Neteller

Neteller is an online digital payment settlement system and e-wallet and it is run by Paysafe Financial Services Limited. Neteller founded in 1999, Paysafe Financial Services Limited was brought about to give businesses and individuals a trustworthy online payment method.

Paysafe Financial Services Limited, a subsidiary of Paysafe Group Limited, is authorized to issue e-money by the Financial Conduct Authority under the Electronic Money Regulations 2011. Neteller is similar to other e-currency like perfect money that can be neither feel nor store in a bank account, it is a digital currency and only used in digital mode.

What is neteller

Today it is world most loved e-currency widely used in forex trading, online payment system, money transfer, and gambling, Neteller allowed its user to send and receive money worldwide instantly by e-mail, and you can refill account with debit or credit card instantly.

NETELLER REVIEW 2021

Neteller review 2021

  • Firm - Paysafe Group Ltd.
  • Company no. - 109535C
  • Official Website - www.neteller.com/en/
  • Since - 1999
  • Regulation - Financial Conduct Authority (UK)
  • Platform Type - E-Money/ Transfer
  • Mobile Platform - Yes
  • Compatibility - Mac OS, Windows, IOS, Android
  • Mac OS, Windows, IOS, Android - Yes

As per our research on major topics, we found Neteller is a trusted e-currency. Neteller is our recommended choice of banking option when it comes to handling depositing and withdrawing funds from online bookmakers. When you want to fund your betting account from Neteller, it usually takes less than a minute, and withdrawals are swift as well. And best of all - these are free!

However, funding your Neteller account (from your own bank account) can have large fees attached to it, depending on which method you use, so make sure you are comfortable with that before you deposit money to your account.

After you have funds in place though, Neteller is in the top spot when it comes to handling online betting banking.

Neteller fees

  • Deposit Fee - 2.5%
  • Transfer Fee - 1.45%
  • Currency Exchange Fee - 1.29-3.99%
  • Withdrawal Fee - $10 - $12.75
  • Transfer Limit - $50,000 – $2,000,000
Neteller Fee

  • Skrill  - 2.5%
  • Trustly - 2.5%
  • UPI - 2.5%
  • Visa - 2.5%
  • Visa debit - 2.5%
  • Visa electron - 2.5%

Neteller withdrawal Fee

  • Bank wire - 10 USD
  • Member wire - $12.75
  • Merchant Site - 0%
  • Money transfer - 1.45% + fee 0.50 USD
  • Net + Prepaid card (Master card) - 0-1.75%

Neteller Pros & Cons

Pros

  • Accepted on almost every trading platform
  • Accepted on almost every trading platform
  • Accepted on almost every trading platform
  • Minimal withdrawal fees
  • High deposit and withdrawal limits
  • VIP Programs that allow users to keep two or more accounts
  • Added security through 2 Way Authentication

Cons

  • You will be charged a certain fee when you send money to another Neteller user
  • There is a fee for any transaction between two Neteller accounts
  • The Net+ Mastercard is not available everywhere

Is Neteller Safe & Reliable to use in India?

Neteller maintains remarkably high standards as it is authorized by the Financial Conduct Authority in the UK. Its pioneering security measures combine physical and electronic security measures to protect members from identity fraud and theft.

This service provides its customers with a method to move money around the world securely and privately, while giving businesses the opportunity to become global by accepting payments and making payouts almost anywhere.

With a multitude of online and offline withdrawal and spending options; users appreciate instant access to their cash at millions of point-of-sale (POS), ATMs, and online locations.

Neteller operates under UK laws set by the Ministry of Finance. The company is solely permitted to perform online transactions. It must keep each account’s balance stored in a separate bank account,  meaning the company cannot lend money.

WHY USE NETELLER?

Usually, the simplest methods of depositing to your preferred betting site are simply whipping out your credit card and punch in your numbers to deposit money, but depending on which website you use or where you are from this may not always be an option.

That is where getting an e-wallet like Neteller is a good alternative for depositing money. While banks in some countries are prohibited from processing transactions to online sportsbooks, all most of them allow deposits to Neteller, which you then in turn can use to transfer to your betting website of choice.

BEST BETTING SITES THAT ACCEPT NETELLER

Most gambling sites offer Neteller as a deposit option, so this list does not differ much from other ones. The only thing to note is that Neteller has pulled out of the US after the UIGEA happened and will not allow customers from the USA.

NETELLER IN INDIA

If you are from India, you are allowed to create an account at Neteller and use it to fund gambling site accounts. However, there are problems when you want to move funds out of India, which is what you are doing if you are depositing to Neteller (Neteller is based in the Isle of Man under British rule). Most credit cards and banks will block your transaction, making you unable to get funds into Neteller.

This has to do with the Reserve Bank of India (RBI) enacting the Liberalised Remittance Scheme. This limits the number of funds that Indians are allowed to move out of the country per year. There are different limits based on your plan of use for the money, so if you state it is for gambling, you will get rejected automatically.

What our visitors have noted to us and what we have experienced ourselves after years of trial and error is that the ICICI Bank seems to be able to get this process through without any problems. Most other banks don't seem to allow these transactions out of the country and will try to block them. So if you want to deposit to Neteller from India, we recommend using ICICI Bank and their credit cards.

Alternatively, you can try the Federal Bank in India, as they also seem to have some success rate when it comes to deposits to Neteller.

How to create a Neteller account?

Although this is a simple process, it does takes some time to get everything set up. Note that once you have everything in place, moving money around is very swift, you just need to have some patience getting it ready.

4 STEP TO SIGN UP NETELLER ACCOUNT 

  1. Visit Neteller and click the button in the top right named "Join for free".
  2. Fill out the signup form and click the "Open account" button at the bottom.
  3. Write down your Neteller Secure ID that will appear on the next screen and confirm your account in the email you will receive.
  4. Login to your Neteller account and click the big green button that reads "Money in" to deposit funds. Remember to use ICICI Bank, Hdfc, SBI, or Federal Bank for a higher chance of success of deposit.
Visit Neteller
First, you need to visit www.neteller.com to signup for an account. Click on the 'Join for free' button, either in the top right or in the middle of the screen.

Neteller Sing up Home Page

Fill out the signup form

Now you will be taken to the next screen where you will be met with a signup form. Simply fill in the required information. You need to provide some information confirming your identity, as well as some security info to make sure that your account is protected. This includes a random password that should be strong and also security questions to help verify your account should you be so unfortunate as to lose your account details.

Know that this is all a part of the great care Neteller has for its customers. It might seem like a hassle when you are in the middle of it, but when they save your account from fraud, you will be thanking them.

Neteller sing up
Confirm your email and Neteller Secure ID

When you have clicked the 'Open account' button and come to the next screen you will see some text that says an email has been sent to your email for confirmation (go to your email and click that confirmation link to confirm your account) and also your Neteller Secure ID will be displayed there. Be sure to write it down somewhere and keep it hidden.

That is all that is needed to create the account. You should get an email with your account details. To confirm your account you should call Neteller or they will call you, so make sure you have access to the phone number that you used in the signup process. Also, keep all the information you gave at hand as they will ask some questions regarding your account. For video, the explanation looks further down.

FUNDING YOUR NETELLER ACCOUNT

You can transfer funds to your Neteller account using the most popular payment processors like VISA, MasterCard, Bank Transfer, and many others. However, there are fees attached to the funding methods, and these vary depending on which you choose. Here is a list of the most popular ones and the fees attached:

Funding Options and associated fees:

  • VISA - 1.90 - 4.95%
  • MasterCard - 1.90 - 4.95%
  • Bitcoin - 1.00%
  • Bank Transfer - FREE
  • Paysafecard - 7.00%
As you can see, the options you should prefer are local bank deposits or international bank transfers. By using these options it might take a while for your funds to show up in your account, but they are free to process at least. If you are anxious to get on with your betting, VISA and MasterCard hold a 1.90% fee which is ok if you are depositing smaller amounts, but be sure to stay away from the most expensive methods out there like the Paysafecard which hosts almost a 10%(!) fee to deposits.

Also, as we have mentioned further up in the article, you should use either cards or deposits from the ICICI Bank or Federal Bank if you are depositing from India. Those banks allow deposits to Neteller and will yield a higher chance of success.

Once you have funds in your account the transfer fees are 0% for depositing at online sportsbooks, so make sure to take advantage of all the free bets, bonuses, and promotions that the online sportsbooks offer.

Neteller and Trading

 Traders around the world and India turn to Neteller because it is one of the online payment methods that allows its users the most flexibility. The company’s close ties with trading platforms across the globe permit traders to often have immediate deposits and withdrawals.

Once linked to your trading account on a platform like Olymp Trade investors can deposit and withdraw money with ease. This ease of deposit and withdrawal has lead the charge for traders looking to better their online trading experience.

With Neteller’s variety of VIP levels there is something for every trader, and as transaction volume increases so does their level.

Neteller Mobile App

The mobile app allows customers to send, spend, and receive all while on the go. Available on both the Apple App and Google Play Stores, it is a great way to ensure access to the full functionality of your account at all times.

Control your Net+ Mastercards on the go, raise or decrease spending limits on the fly. With an RFID enabled phone your app becomes your card where wireless tap payment is accepted.

Neteller’s app puts more control in the hands of clients, making it a must-have for all users.

Conclusion: 90/100 – Recommended

Neteller stands out above its competition in part thanks to the company’s determination to be the fastest, simplest, and most secure transfer service in the world. Client security, the network of online merchants, and the Net+ Mastercard combine to create the best service package of any transfer platform.

Various levels of membership allow people to maximize their use of Neteller by providing perks based on an individual’s needs.

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