Neteller , An alternative to Paypal
Update : 26/11/2011
Neteller website has been redesigned and links in this post may show 404 error.
Today online Shopping has been an open gate for both Seller and Buyer. Every day millions of Products are bought through secured shopping gateway. As a payment processor , most of us use PayPal .It is one of widely spread online Payment tool other than Google Checkout. Although they have great feature , they lack the basic good response and customer support. In fact , they are many personal accounts frozen daily. If you google search for “PayPal scam“ or “paypal fraud” , you may come up with many site dedicated purely against PayPal . Even a week ago, there was trouble Withdrawing Money to Bank account. So if you are looking for alternative payment solution like PayPal , here is Neteller .
Neteller is one of the best payment processor that is growing today. There are many advantages and disadvantage over PayPal . I have been using Neteller for two months and was happy to use them , that’s why i am sharing my experience with you ! Let’s start talking about it .
First of all, you have many countries were the service is not available in PayPal. They have one of top secured site like PayPal . You get Account Number , Secure ID and user-generated Password while signing up. Only Account number is shared so Secure ID and Password are tough task for the hackers to steal your money . This company is authorized and regulated in UK and across Europe by Financial Services Authority . They have a quick response for any support unlike PayPal. You get email reply with in 24 hours time frame and for phone support , you need to fill the Request a call form. They will call you back with in 2 to 5 hours . When i filled the “Request a Call form ” , i was contacted by Support team in less than half an hour in all the three instance.
There are two account type . Express and Extended. Express is the basic type when some one sign up and use it to transfer Money .
Currencies Supported are AUD, BGN, CAD, DKK, EEK, EUR, GBP, HUF, INR, JPY, LTL, LVL, MXN, NOK, PLN, RON, SEK, USD .
You can upgrade to Extended account by submitting
- Photo Verification Proof
- Address Verification Proof
- Phone call verification ( by filling Request a Call form ) – only for some countries including India.
The upgrading process will be over within 2 to 5 business days
With Extended account you can withdraw funds , has high Deposit , Credit limits etc.
They provide both NET+ prepaid card and NET+ virtual card for Extended account . The NET+ prepaid card allows you to withdraw funds with low fees in any MasterCard accepted ATM . With Neteller app for PC(free) , you can use NET+ Virtual card. It helps you to get one time usable Card number providing you the highest level security while shopping online . Read Top Ten reason to use Virtual Card . You can use the cards to make purchase in 26 million Point of sale across the world. Getting and using these two NET+ card are free ! wonderful isn’t it ?
There is a disadvantage , i would tell for newbies. If you are not making a Transaction for 14 months ( not even a dollar) , you may end up with fine up to 30 USD . But if you are a merchant or worker earning huge / small money , you won’t find it as negative .
If you refer Merchants and People , can get some cash and Points when they deposit money ! I haven’t used any referral link in this post yet if you like to join under me , you can contact me . I will be Happy to grab some cash :)