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:

  1. Your Neteller account is verified
  2. 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.

Whilst Neteller is a great ewallet choice for most players regardless, we would also like to make you aware of the additional benefits of joining Neteller via us:

  • Instant Bronze Pro VIP
  • Fast Track to Silver VIP - $6000 USD requirement instead of $15,000 USD
  • Increased Limits & Reduced Fees
  • Easier VIP targets for higher levels of VIP
  • Fast Track verification – 24 hours
  • Verification without deposit
  • Access to our Neteller rewards program

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:

  1. Login to Neteller and go to Money In
  2. Click on your preferred deposit method. In this example we will use Rapid Transfer.
  3. neteller rapid transfer
  4. 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.
  5. neteller rapid transfer

Neteller Withdrawal Fees

There are 5 different withdrawal options offered by Neteller and each option has a different fee.

Fee
Bank Transfer$10 USD
Member wire$12.75 USD
Merchant sitesFree
Money TransferSee P2P fees
Net+ Prepaid Mastercard1.75% / $6USD
Skrill3.49%
neteller withdrawal options

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.

  1. 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.
  2. 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.

Neteller Prepaid Mastercard
Non VIPSilverGoldDiamondExclusive
Net+ MasterCard application$10FreeFreeFreeFree
Replacement fee$10FreeFreeFreeFree
Cash withdrawal limit€900/per day€900/per day€3,000/per day€3,000/per day€3,000/per day
FX fee3.99%3.19%2.79%2.39%1.29%
ATM withdrawal fee1.75%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
Annual fee$10FreeFreeFreeFree

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.

Neteller Virtual Mastercard
Fee/Limit
Order cardFree
Cancelled card replacement$2.50 USD
Maximum per transaction€2,700
Maximum purchases/24 hours10
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:

  1. The P2P fee level depends on your Neteller VIP status – If your account is Silver VIP or higher then P2P transfers are FREE.
  2. 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 statusGold VIP statusDiamond VIP statusExclusive VIP status
Customers registered before 18 March 202010% min. €20 on 1st transfer / 1.45% subsequent transfers1.45%, min €0.50Free *FreeFreeFree
Customers registered between 18 March - 7 April10% min. €100 on 1st transfer / 2.99% subsequent transfers1.45%, min €0.50Free *FreeFreeFree
Customers registered after 8 April 20204.49%, min €0.501.45%, min €0.50Free *FreeFreeFree
Receive Skrill-to-Skrill transferFreeFreeFreeFreeFreeFree

* 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.

  1. 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.
  2. Select Skrill as the withdraw method.
  3. Enter the withdrawal amount and the email address of the Skrill account to want to deposit to.
  4. 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.

Non VIPSilverGoldDiamondExclusive
FX conversion fee3.99%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 transaction1.50% per transaction
Sell cryptocurrency$0.99 per transaction$1.99 per transaction1.50% per transaction
Crypto P2P0.50% per transaction0.50% per transaction0.50% 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.

Fee
Inaccurate or untruthful information & lack of cooperationup to $150 per instance
Chargeback fee£25 GBP per chargeback
Prohibited transactions feeup to $150 per instance
Reversal of a wrong transaction feeup 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.

Excluded Categories
  • 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.

Related articles

Neteller Review - Updated 2021 review of all things Neteller including a summary of the history of Neteller, the different benefits available and how to contact Neteller support.

Neteller Verification - Information on verification of your Neteller account and how to get FAST TRACK VERIFICATION with eWalletBooster.

Neteller VIP - All you need to know about the Neteller VIP program and how to get INSTANT VIP STATUS.

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