Neteller Peer to Peer fees?

TTinCO · Feb 14, 2006

Anyone know what they are within the US? Their email support team seems to be taking the day off.

Fishhead · Feb 14, 2006

Fishhead · Feb 14, 2006

Fishhead said:
1.9%

1.9% is charged to the SENDER.

So, if you send $100, your recepient will receive $98.10

bigbet1234 · Feb 14, 2006

Yes, 1.9% the biggest scam other than Royal Sports.

BB

Fishhead · Feb 14, 2006

bigbet1234 said:
Yes, 1.9% the biggest scam other than Royal Sports.

BB

Personally, find it very reasonable.

One can send 5,000 for less than $10 and its instant AND very convenient.

bigbet1234 · Feb 14, 2006

Fish, best redo the math on that one. 5K is $95

ucking:

dmmd98 · Feb 14, 2006

Fishhead said:
Personally, find it very reasonable.

One can send 5,000 for less than $10 and its instant AND very convenient.

Wouldn't 1.9% of 5000 be $95 there abouts?

Fishhead · Feb 14, 2006

Oh ya, never was good in math.

:nosepicki

bigbet1234 · Feb 14, 2006

Still think it's reasonable? A ripoff if you ask me. 2% to transfer your money within the same company? That is highway robbery.

On top of raping the books, they are raping the player too.

BB

Fishhead said:
Oh ya, never was good in math.

:nosepicki

Fishhead · Feb 14, 2006

bigbet1234 said:
Still think it's reasonable? A ripoff if you ask me. 2% to transfer your money within the same company? That is highway robbery.

On top of raping the books, they are raping the player too.

BB

Guess so,..............a flat 1% seems like a more reasonable fee.

zee · Feb 14, 2006

Guess so,..............a flat 1% seems like a more reasonable fee.

No, a 0.5% to a max of 10USD seems a reasonable fee. Anything else is a ridiculous ripoff.

Fishhead · Feb 14, 2006

zee said:
No, a 0.5% to a max of 10USD seems a reasonable fee. Anything else is a ridiculous ripoff.

Tough crowd........ :103631605

:lolBIG:

monicus · Feb 14, 2006

Paypal peer to peer is 0%. The only way to transfer.
Considering that for Neteller it is only an accounting change to move money from one account to another 1.9% is very high.

oldmanTED · Feb 14, 2006

Direct from the Neteller website:

<TABLE cellSpacing=0 cellPadding=3 width=455 border=0><TBODY><TR><TD background=images/titlegrad.gif>[FONT=Verdana, Arial, Helvetica, sans-serif]Withdrawal Fee Schedule [/FONT]</TD></TR></TBODY></TABLE>
[FONT=Verdana, Arial, Helvetica, sans-serif]The following is a list of current fees that are associated with the various types of withdrawals that NETELLER uses:
[/FONT]
<TABLE cellSpacing=1 cellPadding=3 width=450 bgColor=#666666 border=0><TBODY><TR><TD align=middle width=178 bgColor=#ffffcc>[FONT=Verdana, Arial, Helvetica, sans-serif]Withdrawal Type [/FONT]</TD><TD align=middle width=154 bgColor=#ffffcc>[FONT=Verdana, Arial, Helvetica, sans-serif]Fee [/FONT]</TD><TD align=middle width=118 bgColor=#ffffcc>[FONT=Verdana, Arial, Helvetica, sans-serif]TIME [/FONT]</TD></TR><TR><TD align=middle width=178 bgColor=#ffffcc>[FONT=Verdana, Arial, Helvetica, sans-serif]NETELLER Debit Card [/FONT]</TD><TD align=middle width=154 bgColor=#ffffcc>[FONT=Verdana, Arial, Helvetica, sans-serif]$2.00 USD [/FONT]</TD><TD align=middle width=118 bgColor=#ffffcc>[FONT=Verdana, Arial, Helvetica, sans-serif]15 min to 1 hr [/FONT]</TD></TR><TR><TD align=middle width=178 bgColor=#ffffcc>[FONT=Verdana, Arial, Helvetica, sans-serif]Peer-To-Peer [/FONT]</TD><TD align=middle width=154 bgColor=#ffffcc>[FONT=Verdana, Arial, Helvetica, sans-serif]1.9%
(Recipient Pays) [/FONT]</TD><TD align=middle width=118 bgColor=#ffffcc>[FONT=Verdana, Arial, Helvetica, sans-serif]instant [/FONT]</TD></TR><TR><TD align=middle width=178 bgColor=#ffffcc>[FONT=Verdana, Arial, Helvetica, sans-serif]EFT [/FONT]</TD><TD align=middle width=154 bgColor=#ffffcc>[FONT=Verdana, Arial, Helvetica, sans-serif]FREE [/FONT]</TD><TD align=middle width=118 bgColor=#ffffcc>[FONT=Verdana, Arial, Helvetica, sans-serif]1 - 2 business days [/FONT]</TD><TR><TD vAlign=top align=middle width=178 bgColor=#ffffcc>[FONT=Verdana, Arial, Helvetica, sans-serif]Check Fee
Regular Mail [/FONT]</TD><TD vAlign=center align=middle width=154 bgColor=#ffffcc>[FONT=Verdana, Arial, Helvetica, sans-serif]$2.00 USD [/FONT]
</TD><TD vAlign=center align=middle width=118 bgColor=#ffffcc>[FONT=Verdana, Arial, Helvetica, sans-serif]minimum 2 days [/FONT]</TD></TR></TBODY></TABLE>
[FONT=Verdana, Arial, Helvetica, sans-serif]These fees are listed in your base currency, and are subject to change without notice. $1.00 USD minimum for peer-to-peer withdrawals. [/FONT]

zee · Feb 14, 2006

Moneybookers fees for p2p transfers are:
Send Money: 1% (up to EUR 0.50)

There is no reason whatsoever for neteller to rip off their customers, but basic greed.

WildBill · Feb 14, 2006

I wrote an article about this back when some certain other guy was still running this place. Neteller was so upset by it they felt compelled to send a letter defending their charges to him and he passed it along to me. It made no sense. They went on and on about fraud and how they had to protect against it. I came away wondering how can you be worried about fraud between your own members? If you really are concerned about it, offer a free transfer provided a 48 hour waiting period is enacted. If someone really wants the money instantly, make them undergo a more rigorous screening process to approve it, but even that can't possibly be worth 2%.

What they charge the books is a bit high because of a lack of real competition, but generally it is fair. The P2P is not fair because there is no real competition to it and it is just a way to inflate their earnings. It can't cost more than a nickel to move money from one existing account to another.

zee · Feb 14, 2006

Fully agree Bill. There is no way to justify the p2p fees.

Journeyman · Feb 14, 2006

2% is ridiculous...oh that's right it's 1.9%

ucking:

wolfie_cr · Feb 14, 2006

its more than reasonable EXCEPT for the little fact that they dont like "certain" tranfers

example

"international certified account" deposits via cc to send money to another USA certified account that latter on wants to withdraw via normal EFT

well they DO NOT like that , they have a long way to go before they can go into the transfers business

Dante · Feb 14, 2006

:grandmais :grandmais :grandmais :grandmais

Fishhead said:
Personally, find it very reasonable.

One can send 5,000 for less than $10 and its instant AND very convenient.

Neteller Peer to Peer fees?

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