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netteller fees

Discussion in 'Online Casinos' started by ssgtsnelly, Apr 15, 2008.

    Apr 15, 2008
  1. ssgtsnelly

    ssgtsnelly Quit Gambling PABnonaccred

    Occupation:
    MI5 :P
    Location:
    UK
    ive not used nettler to make a withdrawl in a while but christ when did it become a 5 withdrawl fee? that is criminal.

    are they any just as good e-wallets that wont rob me blind like that? thats gone up 5 fold since i last used it :(
     
  2. Apr 15, 2008
  3. Zodiac

    Zodiac Senior Member PABnorogue PABaccred webmeister

    Occupation:
    N/A
    Location:
    Europe
    i think you mean Neteller :D

    and i know what you mean the last once i must pay 7.50 horrible

    look at this thread
     
  4. Apr 15, 2008
  5. Zoozie

    Zoozie Ueber Meister CAG PABnonaccred

    Occupation:
    Software Developer
    Location:
    Denmark
    Neteller recently lowered all fees for VIP members. They actually phoned me last week to tell about the changes.

    The new horrible withdrawal fees will be re-credited to the account once a month. The only cost left is the 1.7% withdrawal fee.
    So I think it is pretty cheat to use Neteller actually.

    Disclaimer: The above fees are from memory only. I can not log into Neteller and confirm the numbers from work since Neteller would see my IP comming from UK and Neteller will lock my account as part of their security check.
     
  6. Apr 15, 2008
  7. Zodiac

    Zodiac Senior Member PABnorogue PABaccred webmeister

    Occupation:
    N/A
    Location:
    Europe
    Hey Zoozie,

    but this is only for VIP because you don't know whether you're a VIP or not.

    I straight called Neteller and i know now that i'm not a VIP yet :mad:
     
  8. Apr 15, 2008
  9. Zoozie

    Zoozie Ueber Meister CAG PABnonaccred

    Occupation:
    Software Developer
    Location:
    Denmark
    I was told on the phone I was VIP, but I already thought I was. I have the VIP link when I log into neteller, but I guess everyone could have that. There is no
    specific account related data on that page.
     
  10. Apr 15, 2008
  11. Zodiac

    Zodiac Senior Member PABnorogue PABaccred webmeister

    Occupation:
    N/A
    Location:
    Europe
    i will contact them and we will see what happens
     
  12. Apr 15, 2008
  13. ssgtsnelly

    ssgtsnelly Quit Gambling PABnonaccred

    Occupation:
    MI5 :P
    Location:
    UK
    cheers for the quick replies, i might ring them aswell not happy with a fee that high :p
     
  14. Apr 15, 2008
  15. Zoozie

    Zoozie Ueber Meister CAG PABnonaccred

    Occupation:
    Software Developer
    Location:
    Denmark
    You can see if you are VIP yourself now.

    If you log in, then right below the balance there will be a VIP icon, if you are VIP.
    It will look like this[​IMG]
     
  16. Apr 15, 2008
  17. winbig

    winbig Keep winning this amount.

    Occupation:
    Bum
    Location:
    Pennsylvania
    Aren't you glad you guys aren't in the USA? ;)
     
    2 people like this.
  18. Apr 17, 2008
  19. dirtydealin

    dirtydealin Dormant account

    Occupation:
    sales
    Location:
    South of Heaven
    No fricken joke

    I'd be doing backflips out of joy if it only cost me $7.50 to do a cashout. Last cashout cost me $72($30 for QT, $10 for some internet bank, $32 for my bank), you guys in Europe really need to stop the damn whinning.

    DD
     
    2 people like this.
  20. Apr 17, 2008
  21. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom

    Well, it does make a change, normally us Europeans are grossly overcharged for everything compared to the USA, so this is one way we can get our own back;)

    The points is, though, Neteller transfer funds electronically, and this costa about 1p to them, and they used to charge 1, to increase the charge to 5 is not based on increased costs, but purely as a means for them to "force" members onto their new pre-paid card, with it's miriad fees for the unwary. Many have found the trap, the fee on the card is per withdrawal from the ATM, but they find they have to make MANY individual ATM withdrawals to get the cash out, which ends up making the 5 fee for a one-off bank withdrawal look cheap.

    VIPs are supposed to get this back, and come the 10th of May I will see if this is the case with currency fees at least.

    The only benefit of the prepaid card is that there is no charge for "retail" transactions. Depending on what counts as "retail", this could be a good thing. Normal debit cards can be used to pay off credit card bills, and if the Neteller card sees this as "retail" as do bank debit cards, then this would be an alternative method of getting larger sums out of Neteller to where they might be needed, cheaper, and faster, than a bank withdrawal request.
    This is something I intend to look into.
     
  22. Apr 17, 2008
  23. winbig

    winbig Keep winning this amount.

    Occupation:
    Bum
    Location:
    Pennsylvania
    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...
     
  24. Apr 17, 2008
  25. madbobmagee

    madbobmagee Dormant account

    Occupation:
    boring IT
    Location:
    ireland
    Query

    I'm just wondering why people use neteller mostly? Is it for security or handiness or do alot of casinos not accept visa/mastercard? I use my visa at about 5 diff casinos and there would be roughly about €1000 in total going back and forward on my card per month and it doesn't cost me a bean in fees either from the casino, the bank or anyone else for that matter. Security isn't a big issue for me as I keep my limit low and change my card every 6months.
     
  26. Apr 17, 2008
  27. winbig

    winbig Keep winning this amount.

    Occupation:
    Bum
    Location:
    Pennsylvania
    IIRC, there's some casinos that offer instant payouts (non-USA of course), and will only do this with ewallets such as Neteller, but not for credit/debit cards.
     
  28. Apr 18, 2008
  29. vbdragon

    vbdragon Full Member

    Occupation:
    retired
    Location:
    sekai
    Just a short story on my latest dealings with Neteller.

    I don't use credit cards ... don't want them.
    Wire Transfers cost about $50 AUD in bank fees (not including any Neteller fees)
    Bank Draft costs about $35 AUD in bank fees (not including any Neteller fees)

    My last withdrawal was via check and Neteller charged me $2USD & I received the check in 8 days.
    My Bank charged me $15 AUD to exchange from USD to AUD currency check.
    Then for some reason, somewhere in the International Banking area (I think in the UK), they charged my bank $25AUD to process the check.

    When I emailed Neteller, they promptly credited my Neteller USD Account with the fee.

    I'm only small-time to them, but I appreciated their style of customer service.
    Just my 2 cents .. or 1.86 US cents..
    :D
     
  30. Apr 18, 2008
  31. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    Neteller are specifically set up to service online casinos, and other types of online gambling. Credit cards can be more problematic. Often casinos restrict the amount that can be deposited in one go, per day, per month etc on a card, as well as requiring convoluted faxback and security hoops to be jumped through before receiving withdrawals. There is also the matter of the time it takes for a withdrawal to become available again on the credit card account, Neteller is pretty much instant, but on a card it can take 3 working days or more.
    A big win, credited back to a card, has to be spent from the card, whereas with Neteller it can be withdrawn as cash and spent, saved, squandered etc at the whim of the player.
    I have also had increasing problems with declined card deposits due to trigger-happy credit card fraud flagging.
    Most credit cards now also consider gambling transactions as cash advances, although they do not charge the usual handling fee. What they DO charge though, it INTEREST between the date of deposit and later withdrawal, so even if you WIN, or lose but pay off the card in full each month, you do not benefit from the interest free period granted for purchases.

    The ONLY credit card I have that still treats gambling as a normal purchase is Barclaycard, and if I withdraw anything, these are counted as monthly payments, so if I deposit 1000, get the bill, and then withdraw 1000 back to the card, they treat this as having paid the balance in full.


    Other than Neteller, a DEBIT card would be a good way to fund casinos, even though there will still be issues with faxback forms, and 3 working day delays, the withdrawal goes back to the underlying bank account, and can then be withdrawn from any UK ATM FOR FREE

    Even though retail transactions are free with the new Neteller card, there is still the fee for loading the card from the Neteller wallet, and also charges for NOT using the card (where it has funds loaded onto it).
     
    1 person likes this.
  32. Apr 19, 2008
  33. RUSTYROO

    RUSTYROO Senior Member

    Occupation:
    Prime minister of Laura Land :P
    Location:
    Australia

    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. :D

    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 :lolup:

    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 :rolleyes: 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. :(
     
    2 people like this.
  34. Apr 19, 2008
  35. Zodiac

    Zodiac Senior Member PABnorogue PABaccred webmeister

    Occupation:
    N/A
    Location:
    Europe
    today came the answer :D

    Thank you for your email.

    We appreciate your interest in becoming a VIP member with NETELLER. However, we do not accept requests from customers as this is something that is done by our system. I apologize for the inconvenience.


    done by their system :rolleyes:
     
  36. Apr 19, 2008
  37. madbobmagee

    madbobmagee Dormant account

    Occupation:
    boring IT
    Location:
    ireland
    Thinking out loud really


    I must just check my credit card statements to be sure but I'm fairly certain that I don't get charged any extra. In 6 years I havn't been charged anything other than interest on outstanding balances for any given month. Also I can just transfer money from my card into my normal a/c and withdraw the cash from there with my debit/ATM card handy enough and there is no fee for that or transfering money between my accounts with online banking either.
    Only 1 casino has ever asked me for any form of ID to make a withdrawl and 3 days isn't too long to wait if you plan ahead.
    I must be a lucky sod that I have it so handy!!!
     
  38. Apr 19, 2008
  39. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    It depends on which credit card you have. Many have been changing their terms to change how "gambling transactions" are treated. This change moves then from being seen as retail transactions to being seen as cash advances into another account. This change enables them to charge interest from the date of the transaction, rather than the statement date; further, it removes the interest free period granted for purchases. If you have not received notification of this change, then you have a gambling friendly credit card, and should hang onto it. First Direct announced this change over a year ago, but I noticed it had not been implemented, so I continued to use it until I found interest being charged ar 20%, along with a note saying they had now updated their systems to treat gambling transactions properly. Barclays Bank still treat gambling transactions as purchases, and are interest free if paid back in full by the due date. I presume that any card issued by Barclays will use the same system, so a Woolwich card probably also treats gambling transactions as purchases.
    Card companies rely on the retailer coding the transactions as "gambling" to be able to do this, and if it looks like a normal purchase, it may still be possible to get around these changes at certain casino sites.


    Despite saying "we are not a casino", Neteller have just offered me a "deposit bonus" on all my deposits between tomorrow and the end of May that exceed my normal level of deposits through Neteller.
    It is a mere 1.5%, but with NO WR AT ALL!

    Maybe they plan to do this on a regular basis for VIPs.

    How to be a VIP?

    Invitation only, well, I got it by making a large number of transactions, so if they don't accept requests, it is down to seeing if you can trip the system into making the upgrade. Neteller cannot see how much you wager, only how much you transact, so look for casinos where you can play promotions that invite a heavy level of transactions through Neteller. It is also possible that CASINOS will pass a recommendation to Neteller that you be upgraded so that you can deposit more, this may also trigger the Neteller system.
    Naturally, Neteller are not going to supply the relevant parameters needed to trigger an upgrade, but it has to be over 10,000 moved per month, and it has to look like your account limits are INHIBITING you from giving Neteller even more "action".
    It may be worth giving Neteller the impression that you might be changing over to Moneybookers for a better deal. This can be supported by cutting down your Neteller "action" after letting them know this.
     
    1 person likes this.

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