I believe that "retail" would mean any POS purchase. Which should mean that you can use it anywhere besides an ATM - online or off - without an extra fee.
Now something like funding your Paypal account, that's a different story altogether...
A little secret i found out....
I used to have the old Neteller card before they got rid of them and would take money out from it using ATM. ( getting charged unbelievaby high transaction and conversion fees, but then again it was convenient and fast)
When they got rid of them and after waiting a few months for the launch of the new neteller prepaid card, i finally received it in the mail.
The funny thing was that when i withdrew money to the card, i went down to an ATM and tried to take it out and it would not read the card...
I tried it at 3 different banks ATM's and still nothing.
So i went into my local bank and asked if they had any idea why it wouldn't work because Neteller freely states that it can be used at ANY ATM.
The manager came out and took a look at my card and said straight away that the reason was that the card didn' have any embossing on it, not the number or anything.
I thought it was wierd that was the reason because it has the black strip on the back and doesn't that hold all your account details...more or less like a barcode? Well anyway i was about to walk out furious at neteller as you cant transfer the money back to your neteller account after it has been put on the card and i really needed the cash.... Until the manager called me back and said they had an idea...
She asked if you can use it at point of sale purchases and i said yes so she told me she could put it through manually and see if that worked.
So i told her the approx amount in Australian Dollars i knew would be in there and she wrote out my card number on one of those carbon pages that you see retailers place your card in and slide the bar accross to print your embossed card and then called it into mastercard to verify.
Sure enough it worked and she handed me my money and said that whenever you need to take funds out of it, just come in and tell the teller that you want to do a manual transaction.
Well at first i was a bit bummed as its not as easy as going to my local ATM, and having to wait in bank lines and during bank hours BUT....
Neteller will only let me withdrawal $1000US from the card from an ATM a day and charging a $4.00 fee each time...
BUT by going into the bank and getting it done manually i get NO fees and the daily limit is $20,000 as it is classified as a point of sale transaction.
So i hope that helps anyone out there that is being ripped off and only able to take out a max of $1000 a day
Also i would like to add that i truly sympathies with all of the people out there that by some stupid law that a redneck hillbilly from the US who we wont name
took away your right to spend your money in any darn way you like!
I cant imagine what you guys have to go through to play, let alone get your winnings minus LOADS of fees and weeks or even months of worries when or even IF you will get paid.
