Neteller

What Neteller is

Neteller is a digital wallet for managing money, paying online and sending transfers. Customers can use it at sites that accept Neteller, fund an account using listed deposit methods, and withdraw to a bank account or access funds at ATMs worldwide. To send money, users can enter a recipient’s email address; Neteller says recipients can receive transfers instantly. Its international Money Transfer service supports 22 currencies and automatic conversion. The mobile app provides a multicurrency balance, contact-based sending and receiving, and crypto trading with automatic or recurring orders. Crypto trading fees vary by account tier: 1.50% for Standard and True, 1.40% for Silver VIP, and 1.30% for Gold, Diamond and Exclusive VIP. Standard, True and VIP accounts receive Knect loyalty points, while VIP benefits include reduced deposit, withdrawal and FX fees, promotions and a dedicated manager. Standard is free while users log in or transact at least every six months. A USD 5.00 monthly service fee, or equivalent, applies after six months without a login or transaction. Neteller is available on web, iOS and Android.