Neteller Payout
Neteller is an e-money/e-wallet stored-value service. Consumers in over 160 countries use the Neteller service to send and receive money from their banks to and from merchants. The operation of the service is authorised and regulated by the UK government's Financial Services Authority (FSA).
Consumers can sign up for a Neteller account for free on the company's website. Accounts may be set up in any major currency including: AUD, BGN, CAD, DKK, EEK, EUR, GBP, HUF, INR, JPY, LTL, LVL, MXN, NOK, PLN, RON, RMB, SEK, USD. Money can be loaded into the account from a bank, credit/debit card or via other methods including Giropay, Ideal, Ukash, DirectPay 24 or POLi. These deposit types vary by country and some are instant.
Money in a Neteller account can be used to pay merchants, send to other customers of the service, or spend at any retailer that accepts Mastercard using the Neteller debit card that is part of the account. Money can also be received into the account directly from merchants, such as gambling winnings, insurance payouts or video-gaming trading proceeds. Customers can withdraw funds from their accounts by bank transfer, cheque, or using the company's Net+ Mastercard debit card at point-of-sale and ATM machines.
Arguably money held in the service is safer than in banks because the service is not susceptible to the run-on-the-bank issues that impacted most major banks during the 2008 global financial crisis. This is because, unlike banks, the company maintains over 100% of deposited funds in separate trust accounts, separate from its operating cash, i.e. all of the customers cash is on hand and available if they all wanted it at the same time.
Started in 1999, the NETELLER Payment Network is the fastest and safest way to move your money online. As the world's largest independent money transfer business, NETELLER processes billions of dollars worth of transactions each year. Trusted by merchants and consumers alike, our financial services span more than 160 countries across a broad spectrum of industries and businesses. NETELLER is a brand of NEOVIA Financial Plc.
Being authorized and regulated by the Financial Services Authority in the UK ensures that NETELLER (UK) Limited maintains the highest standards across its business and services in the EU. We also aim to maintain similar standards in countries serviced by NETELLER Operations Limited and Quick Access Limited. Our industry-leading physical and electronic security measures and Anti-Money Laundering protocols ensure our members are protected as far as possible from identity theft and fraud.
Neovia Financial PLC is a British global payments company based in the Isle of Man and regulated in the United Kingdom. It is the provider of the Netbanx gateway, Neteller e-wallet, and Net+ debit card products that are used by merchants and consumers in over 160 countries.