A nice Christmas present from Neteller received in an email this morning!
I personally am quite disappointed that they have pushed up shipping and handling fee (which is just another way of saying transfer to your bank) by 37.5%. I felt the £5 charge before was excessive, but at £8 it looks like blatent profiteering from their dominant market position.
No doubt an email from Skrill about their fee changes can't be far behind this one.
We hope you are enjoying your NETELLER services.
We have recently reviewed our fee structure and we are getting in touch to let you know about some planned future changes which will come into effect on 25 January 2016.
These fee changes form part of our ongoing commitment to improving your experience with NETELLER and we hope you continue to enjoy using our services in the future.
Fees*
Free to pay in shops, restaurants, or online
2.95% (1) foreign exchange fee - this has gone up, I don't know by how much
8.00 GBP shipping and handling fee - up 37.5%
3.00 GBP cash withdrawal fee - same
8.00 GBP to replace a lost card - I don't know how much it was before
I personally am quite disappointed that they have pushed up shipping and handling fee (which is just another way of saying transfer to your bank) by 37.5%. I felt the £5 charge before was excessive, but at £8 it looks like blatent profiteering from their dominant market position.
No doubt an email from Skrill about their fee changes can't be far behind this one.