Neteller Fees, Limits, Charges and Rates. The Definitive Guide 2021.
Below we have set out a detailed analysis of all the fees and limits that Neteller charges to use their service.
It is important to know that the fees and limits that are applied have many variables such as verification status, VIP status and currency of Neteller account.
Therefore, the fees and limits we summarise below are based on the following assumptions:
- Your Neteller account is verified
- Your Neteller account currency is USD
If your account is in a different currency to USD, you can estimate fees and limits based on current exchange rates.
As your VIP level increases at Neteller, you will pay lower fees and have higher limits available.
The best way to view your current personal fees and limits is by logging into your Neteller account and checking directly.
Neteller Deposit Fees
There are a substantial variety of options to make a Neteller deposit ranging from regular methods such as bank transfer and credit/debit cards to more flexible options such as funding your Neteller account with Skrill.
Fortunately, Neteller have simplified the fee structure.
- For all deposit methods an upload fee of 2.5% will apply if the deposit is less than $20,000 USD.
- For all deposit methods the upload fee will FREE if the deposit amount is $20,000 USD or higher.
The rules regarding a Neteller Mastercard deposit are different to every other deposit method. Whilst the same fee of 2.5% applies, there are some restrictions in place which limit where you can transfer funds deposited into Neteller with a Mastercard.
Neteller Deposit Limits
As explained above, the fee for uploading funds into your Neteller account is 2.5% for deposits less than $20,000 USD and free for all deposits over $20,000.
You can check the full list of deposit methods here.
Again, we have to remind you that your own personal Neteller limits will be determined by a number of factors such as VIP status, currency and type of account.
Would you like reduced fees, increased limits and more? If so, please complete the Neteller VIP application form at the bottom of this page to get your FREE VIP Bronze Pro Upgrade
To find out the minimum and maximum limit of any deposit method just complete the following steps:
- Login to Neteller and go to Money In
- Click on your preferred deposit method. In this example we will use Rapid Transfer.
- Underneath the ‘Enter amount’ box you will be able to see the minimum and maximum deposit amount using this specific deposit method. In our example (of a verified but Non-VIP account) the minimum deposit is $1.21, and the maximum deposit is $6,044.85.
Neteller Withdrawal Fees
There are 5 different withdrawal options offered by Neteller and each option has a different fee.
|Bank Transfer||$10 USD|
|Member wire||$12.75 USD|
|Money Transfer||See P2P fees|
|Net+ Prepaid Mastercard||1.75% / $6USD|
The withdrawal options listed on NETELLER’s website need to be analysed more carefully to understand clearly what they mean because two of the options are not really valid options to withdraw your funds.
- MERCHANT SITES – This is using your Neteller account to transfer/deposit at a merchant such as a casino, forex broker, poker site etc. Therefore, this is not actually a valid withdrawal option.
- MONEY TRANSFER – Again, this is listed as a withdrawal option but a Neteller Money Transfer means transferring from your Neteller account to another Neteller member account so again it can be argued this is not really a viable withdrawal option
The best way to withdraw your funds from your Neteller account is via bank transfer/member wire or by using your Prepaid Mastercard.
Please remember that as with all fees and limits, the amount you will be charged will depend on your VIP status. For example, Gold VIP and higher receive free withdrawals to your bank account.
Neteller Withdrawal Limits
Your Neteller withdrawal limits depend on which withdrawal method you request. For instance, for a regular verified customer with a USD account requesting a withdrawal via bank transfer (the most common method) you can request a minimum of $20 and a maximum of $100,000 per transaction.
If you live in any of the SEPA (Single Euro Payment Area) countries, you can request a bank transfer withdrawal. If your country is not in SEPA then you can request a withdrawal via Member Wire.
Withdrawals via Member Wire have similar limits to bank transfer but are slightly more expensive with a $12.75 fee.
Your Neteller Mastercard withdrawal limit will be based on your VIP status and will range between $1,000.00 - $3,300.00 every 24 hours. More details are below.
To request a withdrawal, login to Neteller and navigate to Money Out.
Neteller MasterCard Fees
Neteller offer two different prepaid card options for you to use: Net+ Prepaid Mastercard & Net+ Virtual Prepaid Mastercard. The fees and limits for both cards differ, as we have set out below.
The Net+ Prepaid Mastercard and Net+ Virtual Prepaid Mastercard are only available to customers in EEA countries and the UK.
As of November 2020, Neteller started issuing Net+ Cards in EUR currency only.
The information related to Net+ Card fees is in EUR.
If your account is not in EUR, the fee will be the currency equivalent.
Although the Net+ Cards are issued in EUR only, if your account is a currency different than EUR, you won't be charged FX conversion fees. For example if your Neteller account is USD, you will not pay for the foreign exchange conversion when you spend money using your USD balance.
Find out how to avoid paying Neteller FX fees with your prepaid Net+ MasterCard.
Net+ Prepaid Mastercard Fees & Limits
Your fees and limits relating to your Neteller Card will be determind by your VIP level and currency.
|Net+ MasterCard application||$10||Free||Free||Free||Free|
|Cash withdrawal limit||€900/per day||€900/per day||€3,000/per day||€3,000/per day||€3,000/per day|
|ATM withdrawal fee||1.75%||1.75%||1.75%||$6||$6|
|POS limit||€2,700/per day||€2,700/per day||€7,000/per day||€7,000/per day||€7,000/per day|
Net+ Prepaid Virtual Mastercard Fees & Limits
Your fees and limits for your Neteller Virtual card are set according to whether your account is verified or unverified.
As with the Net+ Prepaid Card, VIP members will pay lower FX, and card order fees and have higher limits than standard non-VIP members.
|Cancelled card replacement||$2.50 USD|
|Maximum per transaction||€2,700|
|Maximum purchases/24 hours||10|
|Maximum POS purchases/24 hours||€2,700|
Neteller To Neteller Transfer Fee
There have been numerous changes to the Neteller P2P fee recently.
However, we now believe that the current fee structure for transferring from one Neteller account to another Neteller account has stabilised and we will not see future changes to this fee anytime soon.
To summarise, the key points regarding the Neteller P2P fee structure are as follows:
- The P2P fee level depends on your Neteller VIP status – If your account is Silver VIP or higher then P2P transfers are FREE.
- If you are not Silver VIP or higher, the Neteller P2P fee will depend on when you registered and whether you have made a valid deposit.
|Non VIP (without valid deposit)||Non VIP (with valid deposit)||Silver VIP status||Gold VIP status||Diamond VIP status||Exclusive VIP status|
|Customers registered before 18 March 2020||10% min. €20 on 1st transfer / 1.45% subsequent transfers||1.45%, min €0.50||Free *||Free||Free||Free|
|Customers registered between 18 March - 7 April||10% min. €100 on 1st transfer / 2.99% subsequent transfers||1.45%, min €0.50||Free *||Free||Free||Free|
|Customers registered after 8 April 2020||4.49%, min €0.50||1.45%, min €0.50||Free *||Free||Free||Free|
|Receive Skrill-to-Skrill transfer||Free||Free||Free||Free||Free||Free|
* Money Transfer fee of 1.45% is applied to members of certain countries and VIP levels.
Neteller to Neteller transfer limit
The minimum amount for P2P transfers in the past was $5 USD or currency equivalent.
However, ever since Neteller launched their new dashboard at the end of 2020, the minimum amount you can transfer now is as little as $0.01.
The maximum, as with all transfers, fees and limits, depends on your VIP level.
However, the most basic verified account should allow you to transfer up to $50,000 per P2P transfer.
There is no limit in the amount you can receive via P2P Neteller transfer. The maximum amount you can receive will be set by how much the sender is allowed to transfer.
Neteller To Skrill Transfer Fee
Many customers use more than one ewallet to manage their bankroll. After Skrill & Neteller merged in 2015 under PaySafe Ltd, customers have been able to take advantage of direct transfers between their Skrill & Neteller accounts.
In the past you could transfer from Skrill to Neteller for a 2.5% fee and transfer from Neteller to Skrill for 1%.
From 22nd February 2021, the fee for depositing at Neteller from Skrill (and vice-versa) will be 3.49%.
How to send money from Neteller to Skrill?
The way you deposit at Neteller using Skrill and vice-versa is actually what you might call a 'reverse deposit' because you have to withdraw from one ewallet to the other to deposit.
- Login to the Neteller account you want to use to deposit at Skrill and click on 'Money out' from the menu on the left-hand side.
- Select Skrill as the withdraw method.
- Enter the withdrawal amount and the email address of the Skrill account to want to deposit to.
- Complete the steps and confirm the transfer.
Neteller FX Fees
Neteller uses OANDA for the daily interbank market rate for currency conversions. Therefore, you can be reassured that you are always getting a competitive and fair interbank currency exchange rate whenever you make a transaction that requires a currency conversion.
The standard Neteller foreign exchange fee for all transactions involving a currency conversion is 3.99%.
However, if you are a Neteller VIP your currency exchange rate can be as low as 1.29%, depending on your VIP level.
Below you will find the Neteller Forex fees per VIP Level.
|FX conversion fee||3.99%||3.19%||2.79%||2.39%||1.29%|
Don't forget to complete the Neteller VIP application form at the bottom of this page to get your FREE VIP Upgrade for reduced fees and increased limits and more!
Neteller Bitcoin Fees
In 2018, Neteller improved their service to cater for those customers interested in Bitcoin and other cryptocurrencies by launching their crypto service.
Unfortunately you can no longer deposit into Neteller directly using Bitcoin or any other cryptocurrencies.
Buying & selling cryptocurrency fees
Depending on what currency your Neteller account is in, you will pay a different fee.
|Up to $19.99||$20.00 - $99.99||$100+|
|Buy cryptocurrency||$0.99 per transaction||$1.99 per transaction||1.50% per transaction|
|Sell cryptocurrency||$0.99 per transaction||$1.99 per transaction||1.50% per transaction|
|Crypto P2P||0.50% per transaction||0.50% per transaction||0.50% per transaction|
Neteller Admin Fees
There are a number of additional fees that Neteller charge. Whether you are considering opening a Neteller account or you are a longstanding existing customer, it is useful to consider these additional fees to see whether you are affected.
99.99% of people will rarely, if ever, encounter any of the Neteller administrative fees but we have provided the information just in case you need it.
All the official documentation provided by Neteller with regards to their administrative fees can be found in the Neteller terms and conditions.
|Inaccurate or untruthful information & lack of cooperation||up to $150 per instance|
|Chargeback fee||£25 GBP per chargeback|
|Prohibited transactions fee||up to $150 per instance|
|Reversal of a wrong transaction fee||up to $25 per reversal|
Inaccurate or untruthful information & lack of cooperation: $150.00 USD
When you register at Neteller you have to agree to their terms and conditions which set out in section 4.1.3 that when you open an account you must provide accurate and truthful personal information. If you are found to have provided inaccurate or untruthful information and do not cooperate as instructed by Neteller within 6 months, then they reserve the right to charge you a fee of up to $150 USD. T&C's 4.1.3.
To be frank, this is very unlikely to ever affect any members, but it is useful information to know, nonetheless.
Chargeback fee: £25.00 GBP
If you make a Neteller deposit from a payment method, such as credit card, that allows you to claim funds back via a chargeback and the reason for the chargeback is anything other than unauthorised use of your card, Neteller will charge you £25.00 GBP or equivalent. T&C's 10.
Prohibited transactions fee: $150.00 USD
This fee mainly affects customers who are operating an account for business related purposes. Essentially if you are receiving funds for any of the following categories then you could be liable to pay this fee while Neteller investigates your account.
- Money exchange
- Remittance businesses
- Bureaux de change
- Currency exchanges
- Purchase of travel money
- Collection of any form of donations or payments to charitable or not-for-profit organisation dealing in natural resources such as jewels, precious metals or stone
- Live streaming
- Sale or supply of alcoholic beverages
- Sale or supply of dietary supplements and alternative health products
Please note that the excluded categories are not solely limited to the list above. Our advice is that if you are unsure as to whether your business activities may be prohibited to get in contact with Neteller to clarify with them. T&C's 14.6.
Incorrect Transaction Reversal Fee: $25 USD
When you request a withdrawal from Neteller via the money out options you should always take great care when entering bank details, IBAN, BIC etc details, especially so if the withdrawal is for a large amount.
If you enter incorrect details and the payment is sent to the wrong place you can request Neteller to help you with recovering of the funds. However, an administrative fee of up $25 will apply. Please note that paying the administrative fee does not guarantee that your funds will be returned so again, please take the upmost care when requesting bank withdrawals. T&C's 6.5.13.
Neteller VIP Upgrade Form
Join Neteller using the application form below or submit your existing Neteller details to link your Neteller account to eWalletBooster.com and take advantage of lower fees, increased limits and much more. New & Existing Neteller customers welcome.