An eWallet and online transfer service allow money to be transferred between merchants and customers without providing personal banking information. Customers can open a Neteller account in 26 major currencies. You can use the Net+ card to withdraw funds or transfer the balance to your bank account. And you can also load money into your Neteller account via Bank transfer, credit or debit card, or 40 other payment methods. This service also includes instant deposits, but it can vary from one country to another.
Benefits of Neteller for NZ Customers
Since its launch, Neteller has been the go-to payment service for online gamblers and gambling sites. It began processing online gambling payments in July 2000, and most of its revenue comes from gambling sites. Customers with high turnover are offered the Neteller VIP, a premium membership service. It has higher transfer limits and includes a free prepaid Mastercard for members with Silver, Gold, Platinum or Diamond VIP statuses. It also offers many benefits that make it the top choice for casino players, including:
Easy Sign-Up Procedure
There is a reason this e-wallet service is labelled as convenient. However, the sign-up procedure is also very simple. To create an account, all you have to do is register on the official Neteller website. Then you need to set up your preferences, enter personal information and secure your ID. Once it is linked to your bank account and secured, you can begin using the e-wallet on casino sites.
Use for Online Gambling
Once you’ve made an account, you can use it in Neteller casinos and Neteller betting operators! It is a secure method of depositing and withdrawing your winnings because you do not have to provide your banking details. This means you no longer feel paranoid about conducting online transactions with your credit or debit cards. Almost every NZ casino accepts Neteller.
Buy and Sell Cryptocurrency
This service also allows you to buy and sell cryptocurrency. It is accepted on any crypto platform that accepts Visa and Mastercard. If you are worried about being hacked and losing all your funds, or you do not trust a crypto platform enough, this is your answer. Their cryptocurrency services allow you to exchange fiat currencies for crypto so that you can hold a wider range of interests.
Loyalty Levels and Cashback
Neteller offers loyalty programs such as Kneck and Neteller VIP. If you have a Kneck loyalty membership, you can earn 1 point per $1 and 0.25 loyalty points per $1 transferred to a merchant. The more points you have, the bigger your rewards will be. The Neteller VIP membership has different levels offering higher transaction limits the higher your status is.
Drawbacks of Neteller for NZ Customers
Of course, no online payment service is perfect, and it comes with some drawbacks. Neteller is no exception, and this would not be an honest review without mentioning the negatives. The service’s advantages, disadvantages, and accessibility vary between one country and the next. Generally, it is a great option for online gamblers, but how great is it for NZ casino players? We will explain that in the following pointers, so pay attention before you decide to sign up.
High Payment Fees
Unfortunately, different payment fees apply for transactions or currency conversions. The fee for bank transfer is $10, member wire is $12.75, and the money transfer fee is 2.99% with a $0.50 minimum limit. Mastercard transaction fees are between 0% and 7.5%, but transactions on Merchant sites are 0%. Moreover, there is a monthly fee for memberships, and overall fees for different services vary on your membership status.
No 24/7 Customer Support
If you run into any issues with the Neteller services or e-wallet, you might not be able to get immediate assistance. The company does not offer 24/7 customer support, which you will often find in other e-money transfer services. You could contact customer services, but you will not receive a reply outside of their working hours. It can be a big letdown, especially in urgent situations.
Free Account Only for Personal Usage
An account on Neteller is free as long as it is used for personal use. Moreover, it only remains free if you log in and make a transaction at least once every six months. If you exceed the six months before making a transaction, a $5 (or equivalent) service fee will apply and be drawn from your Neteller funds.
