NETELLER Review

What is it?

NetellerNETELLER is one of the most simple, secure and cheap ways to make money transfers and payments online. You get a NETELLER Account which you upload with cash and then it only takes a few clicks to deposit at Binary Option Broker, make purchases and transfer money to friends and family. A Net+ Prepaid MasterCard® can also be connected to your NETELLER Account and you can use it to buy things online or make withdrawals from ATMs that accept MasterCard worldwide.

NETELLER is a great way to deposit to Binary Option Brokers because it only takes a few clicks. When  you won money from trading, you could instantly withdraw it to your Net+ card and buy a round of beers with your winnings right away!

How do I sign up?

Signing up is simple and completely free. You just need go here and click ‘sign up’ then follow three steps (filling out details, authenticating via email, etc). When you’re signed up, you can use your NETELLER Account right away but for full functionality you need to verify your account by providing some extra information later on, in most cases this is a scan of an ID document, such as your passport to confirm your identity.

How does it work?

When you’ve deposited money into your NETELLER Account you can use it however you want. Making a direct transfer to a Binary Option Broker is simple and so is making a purchase at an online store. You can see all your transactions as an itemised list and your account balance updates in real time.

A new mobile app version is launching soon that will make it even easier to use the site when you’re out and about. There are two types of Net+ card, a virtual card which is just part of your account that you can use to shop online and a plastic card which is sent to you in the mail. The plastic card is arguably the better option because you can use it online and in person. The Net+ card is so good it has won awards.

How much does it cost?

It’s free to sign up for a NETELLER Account. Some deposit options, such as bank transfer deposits are also free, and your first virtual Net+ Prepaid Mastercard is free too (you can have up to 5 but have to pay for them after the first one). To get the plastic Net+ card there’s a shipping and handling fee (£8 in the UK). Otherwise, there are no monthly or dormancy fees for the card or account. It’s free to make purchases with a Net+ card but ATM withdrawals cost £3 in the UK. There are other fees associated with different things such as foreign exchange rates and other deposit methods but if you’re clever you can avoid plenty of charges.

Open free NETELLER account:

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References and Further Reading:

1. Risk management in an expeditious funds-holder payor authentication and funds transfer system and methodology
(S Lawrence, G Herman – 2014)

2. Online payments (M John, M Weichert, H Abelman – 2002)

3. Electronic payment system for financial institutions and companies to receive online payments (D Sharma – 2005)

4. Prompted automatic online payments (J Albornoz – 2004)

5. Method of processing online payments with fraud analysis and management system (T Hu, RC Mu, K Khan – 2011)

7 Binary Options review: NETELLER: 5 stars.
John Miller
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John Miller

John has worked in investment banking for 10 years and is the main author at 7 Binary Options. He holds a Master's degree in Economics.
John Miller
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