Neteller Payment System
Paying for online transactions became a seamless process with the advent of online payment processing services. PayPal is considered to be the pioneer in online payment processing industry as it was the first company ever to have started making available this service to the customers. However, as time progressed, more and more online payment processing services made their way into this industry. Many of these faded away with time, however, some have been able to stand against all the odds. These proved to be good options for customers willing to use online payment processing service and Neteller definitely falls under this category.
A Bit on History
Neteller was established in 1999 as a part of Optimal Payments Limited and it started providing individuals and businesses with an online alternative to the regular payment methods which were available at that point of time. The financial services of Neteller now spreads across 200 different countries and on today"s date, it has made a big name for itself in the world of online payment processing.
The company was initially founded in Canada, however, it was shifted to Isle of Man 5 years later. All the operations of the online payment processor has an e-money record with the Financial Conduct Authority, run by the British Government. Optional Payments Limited, on the other hand, is listed as an Authorized Electronic Money Institution.
A Bit on the Accounts
Neteller caters to both individuals and businesses through the personal and business accounts respectively. Customers can register for any of the two accounts through the official website and the registration process is usually completed within a single minute itself. It"s easy and you would hardly require any sort of assistance. You can load money into your account through a bank account, credit card or debit card. The primary currency of your account can be any of the 15 major currencies, such as: USD, GBP, CAD, SEK, RON, EUR etc.
When Neteller is discussed, how the hugely popular Net+ Card can be left behind! Net+ Card was launched in 2003 for the first time, but at that point of time, these were known as NETELLER card. At a later point of time, in 2007, these cards were replaced with MasterCard debit cards. Not only that, but the product line was renamed to be Net+ as well. This was a merchant brand able card program and the company also started offering virtual cards to the customers through the same. Rather than having a fixed card number, through this program, it is possible to generate different virtual card numbers each of the time, transactions are occurring. This calls for better fraud protection. The card doesn"t involve any monthly or yearly fee, however, if you pay in a currency that is different from the original, you will incur the currency conversion charges. The card is accepted throughout the world, whereas Discover cards are accepted. As it"s a prepaid card, you can never spend more than what you have loaded, thereby calling for no room of interest charges and better money management. There are two points that you need to keep in mind though: if you somehow end up losing your card, you should immediately contact the customer support team of Neteller and inform them about the same. Also, after getting the card, you cannot use it right away. Well, don"t worry. You just need to send an email to the customer support team or dial a toll free number to activate the card – thus you are all set.
Online Gambling and Neteller
Neteller has been one of the biggest online payment processors in all over these years which support gambling. Not only that, but, it supports numerous in-game trade-ins as well. Most of the other payment processors don"t support this though. It started processing online gambling related payments starting from July, 2000. At one certain point of time, it was actually processing 80% of the overall payments covered by the gambling companies. Incidentally, there are numerous countries which don"t allow online gambling and as a result, Neteller has limited functionalities in those, some of these countries being: Singapore, Hong Kong, Albania, Canada, Cambodia, Turkey, Laos, Lebanon, Israel, Macao etc.
Neteller has all the regular security mechanisms that a reputed online payment processor would have. It has SSL encryption, it has information theft protection as well. Apart from that customers are sent emails on a regular basis providing them information on how to stay safe from possible phishing attacks and how to deal with potential suspicious activity. The company suggests the users to report potentially suspicious emails at a regular basis for making its security mechanism stronger. Apart from that, while using Neteller for making payments, you don"t provide any credit card information to the third party vendor and hence, your sensitive financial data is safe.
Neteller security doesn"t end at transactions. When you access your online Neteller account, you can opt to be verified through a 2-step authentication process. This calls for better security as chances of someone intruding into your account automatically decreases.
Withdrawing Your Funds
Neteller supports seamless withdrawal feature through which you can easily get money into your bank account. If you wish, you can even withdraw the funds into the Net+ Card as well. There is a way to get the money through a check as well. Please note that there are additional fees associated and the process may take a few days to complete depending on your country and the bank with which you are operating.
Neteller is known to provide impeccable customer support to the users. Emails are usually responded within 24 hours timeframe and properly followed up as well. There is a toll free customer care number to make a call at as well. If for some reason you are not happy with the online payment processor, you can visit the complaints page and lodge your complaint. Action is taken on your complaint with utmost urgency in such cases for resolving the issue.
Exchange Neteller to e-currencies
On our site you can see the current exchange rates of Neteller USD to other electronic payment systems.
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