What is Neteller?

Neteller is a payment system from Canada. It was created in 1999. After the chain of mergers and acquisitions, Neteller has become a part of the Paysafe Group which is a British global payment group. Neteller has no banking license. On the contrary, it focuses on the e-transfers from/to merchants. The main target of Neteller’s customers is social network businesses and forex trading groups.

Despite being popular for the money transfer service, Neteller also lets customers pay online. They just have to pick it as a payment method as they checkout. Besides, Neteller provides its users with a prepaid card. Thus, clients may pay online at stores that accept Neteller as a payment solution or Mastercard using Neteller prepaid card.

What are the benefits of Neteller?

Neteller offers a variety of payment options. Customers can send money to merchants as well as receive funds from them (if they own a Neteller account). Shoppers may prefer to use this payment option because it’s easy to control the funds. Users can deposit their accounts by transferring money from their online banking account, debit, and credit card. Neteller claims there are 40 more payment methods customers can use.

Also, customers can benefit from Neteller’s VIP program. They can receive VIP status if they perform a high volume of transactions. This status influences fees, withdrawal limits, and other features.

How to use Neteller

A user needs to open a free Neteller account. As soon as the customer deposits the funds into the account, s/he can use it to make payments. At the checkout page, the customer chooses Neteller as a payment method.

Why you should provide Neteller

Neteller is a global solution. It works in major regions like EEA, SEA, MENA, and so on. The only exception is the countries from the restricted list.

Moreover, Neteller provides a variety of rewards for its loyal customers. That’s why customers are encouraged to checkout using this payment system. For instance, Neteller account holders can convert bonus points to real money or use them to pay for goods or services from the catalog.

Nowadays, hundreds of merchants from various industries already are using Neteller as one of the payment methods. And you can be among them. So, if you work with online games, Forex, online dating, social networks, software, web hosting, or education platforms, Neteller can be the right choice for you.