Neteller Fees

orbit

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• Jan 12, 2005

• #1

Can't seem to find this info on their website ... I find their website somewhat weak when it comes to describing fees

- What is the fee if I want to fund my Neteller account through credit card?

- What are the fees if I attached my back account to it and deposit with my checking account?

Thanks to anyone who can help

O.

 

WHALE

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• Jan 12, 2005

• #2

Neteller charges 4% on money coming in and going out of your account.

 

GrandMasterB

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• Jan 12, 2005

• #3

not sure what the cc charges are, but money to and from your checking account is free. Instacash will cost you 8.9% on money coming into your neteller account if you can't wait the 4 days for a regular deposit.

 

TescoVee

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• Jan 12, 2005

• #4

some books will pay the 8.9% Insta cash fees. depends on where you go.

 

orbit

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• Jan 12, 2005

• #5

Okay ... got a couple different answers so I want to clarify:

In order to simply fund my neteller account through my checking account it costs me nothing?

I understand that there will be a charge once I send funds to a book and some may eat that cost but I want to get an handle on the initial funding charges through a back account or cc.

Thanks

O.

 

killy

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• Jan 12, 2005

• #6

from your bank to Neteller = free

from Neteller to your bank = free and takes 1-2 days

 

Woody0

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• Jan 12, 2005

• #7

NETeller can be completely free to the purchaser. Link your bank account and EFT's are free, taking 4-5 days to deposit to NETeller and 2-3 days to withdraw to bank. If your NETeller is devoid of money you can deposit to a book instantly from your bank account, with NETeller as the intemediary, by Instacash, which costs 8.9%, a charge that some books will pick up. Otherwise it costs nothing to deposit to books and nothing to withdraw from many books (e.g. Pinnacle has one free per month over $500 then a $15 withdrawal charge).

I presume the rules are the same for NETeller UK if you are using GBP denominated accounts. You might also look at Moneybookers which is equally convenient but has charges in the 2% range.