Neteller accounts

Does anyone else feel sketched-out when using Neteller? I opened an account recently, and it feels sketchy to me when I go to register my bank account with them. Still haven't done it yet.
I hear Neteller is great and trusted and reputable, yet it still seems sketchy. Maybe its the overseas thing that bothers me...?
Thoughts, comments and experiences are welcome.

[MyTurn2Raise]

works fine...just don't keep your whole roll over there

Having used Paypal for non poker things the last few years, I have to say that I've had a much better experience with Neteller. That a google search *doesn't* yield netellersucks.com and netellerwarning.com is probably a good sign.

I hooked Neteller up to my checking account since I don't maintain a large balance on it. If you really want to be safe, open a new bank account just for poker / Neteller.

[baumer]

I've found Neteller to be pretty good.

I'd bet 85% of people on this forum use it.

Taking that into account, the number of anti-neteller threads I've seen is very low (zero, although I didn't search)

Neteller's stock has risen substantially since it opened.

I think it is a safe, and FREE place to transfer money to and from.

One thing, if your native bank account is in a currency other than USD, make sure you have your Neteller account in USD and not your native currency.

I started out with a Canadian neteller account and quickly realized I was getting thrifted on all the exchanges to and from Neteller.

If you already have a Neteller account and wish to change the currency, it's a no go. You have to phone them and they will setup a new account with the new currency and it takes about a week or two before everything has been transferred.

hmmm....

I'm in the same situation, neteller in GBP and poker money in and out in USD. I spoke to a neteller rep on the phone and he told me that there was no comission for currency conversion between poker sites and neteller. He also said that i could take $50 from a site, via neteller, into another site without losing anything on the deal. This is assuming that the exchange rate didn't happen to change in the time it took to transfer.

Do you have any evidence / experience that this is wrong?

Thanks,

G.

[Sniper]

[ QUOTE ]
I hear Neteller is great and trusted and reputable, yet it still seems sketchy. Maybe its the overseas thing that bothers me...?

[/ QUOTE ]

Its probably worth noting that Neteller is a publicly traded company on the London exchange.

[UATrewqaz]

I have used them for a few months now and they do everything accurately and quickly. Nothing but good things to say. Considering how many millions people move through it every day for online gambling and poker I think if they were shady we would have heard the horror storis of stolen funds.

No. Use it. Love it.

[Quicksilvre]

So long as you have a credit history, Neteller seems to be the way to go.

Unfortunately, I do not, and that means I'll have to get one or go the extra mile to prove I am who I am. However, that shouldn't be a problem for you.

used it for a couple years now. 1st thing i liked the SSL and their authentication system. Another thing is its not just a username and pw, but 2 numeric strings and your password. I also liked how someone called me from neteller to verify my account. I feel more secure with neteller then paypal.

Neteller's been just fine for me.

[autobet]

never a problem in two years.

[Larimani]

and if there is a problem, no worries! Their customer service is brilliant.

[ewashingtons]

neteller's great... its basically the same as paypal and i would say its probably more trustworthy than most of the poker sites out there in that its definitely not going to bankrupt and steal your money any time soon. the only drawback would be the high commission rate, 8.9% vs. paypal's ~2% but that only hits you when you are depositing into neteller from your bank account. in other words, once you have money in the system, you can go from neteller to poker site and back for free (and transactions back to your original bank account are also free).

[baumer]

hey grim,

When my Neteller account was in Canadian funds, and I was in the midst of a massive bonus whoring run, every cent counted.
As I recall, if I withdrew money from one poker site, and then tried to transfer the exact same amount (in USD) to another site, it would tell me I didn't have that amount in my Neteller.
This means the exchange rate for Neteller is not the same as for the poker site.
As far as I know they do not take commission but I believe their exchange rates aren't optimal, thus the difference in USD when converted to CAD and back to USD.

This was my experience anyway.

[Rotterdaum]

Neteller takes 1.8 or 1.9% for every currency conversion. I'd relaly like a way around it. My neteller account is in CAD, and to withdraw 1000 from a poker site costs me $20. It's not trivial, I don't like it.

Someone suggested to change neteller account to USD. WOuldn't I still have to perform the conversion when withdrawing to my bank account? I don't see getting around it, this is what really sucks about neteller!

MJ,
I used Neteller for the first time about a month ago. I had the same feeling you describe. I called them to ask about some of the delays, etc. They gave me reasons that seemed a little lame at the time, but finally, all transactions were completed to my satisfaction.

I finally decided that they have security features in there protocol that might seem a little shady to you and me, but actually add to the quality of using their service.

Hope this helps.

[afk]

[ QUOTE ]
Neteller takes 1.8 or 1.9% for every currency conversion. I'd relaly like a way around it. My neteller account is in CAD, and to withdraw 1000 from a poker site costs me $20. It's not trivial, I don't like it.

Someone suggested to change neteller account to USD. WOuldn't I still have to perform the conversion when withdrawing to my bank account? I don't see getting around it, this is what really sucks about neteller!

[/ QUOTE ]

Keep your Neteller in USD. The trick is, when you want to withdraw, withdraw to your bank account from a party skin (party, empire etc...). There is an option to do this and they don't take the 1.9% that Neteller takes.

I'll be making a cashout at the end of the month and I usually just deposit the money into Party or Empire from Neteller and withdraw it to my bank account from there.


edit: Also for the OP, I've been using Neteller since Feb. 2004 and haven't had a problem yet.

[ QUOTE ]
[ QUOTE ]
Neteller takes 1.8 or 1.9% for every currency conversion. I'd relaly like a way around it. My neteller account is in CAD, and to withdraw 1000 from a poker site costs me $20. It's not trivial, I don't like it.

Someone suggested to change neteller account to USD. WOuldn't I still have to perform the conversion when withdrawing to my bank account? I don't see getting around it, this is what really sucks about neteller!

[/ QUOTE ]

Keep your Neteller in USD. The trick is, when you want to withdraw, withdraw to your bank account from a party skin (party, empire etc...). There is an option to do this and they don't take the 1.9% that Neteller takes.

I'll be making a cashout at the end of the month and I usually just deposit the money into Party or Empire from Neteller and withdraw it to my bank account from there.


edit: Also for the OP, I've been using Neteller since Feb. 2004 and haven't had a problem yet.

[/ QUOTE ]

vnh, thanks for the post. I'm going to do that in future.

G.

[Alex/Mugaaz]

The only thing that's sketchy about neteller is how scary those questions they ask you are.

1. Who's better: Batman or Superman?

Guy- Batman

Neteller: I know you like Superman better.

Guy- No I don't.

Neteller: Don't lie to me John. I know you wet the bed when you were 6 and lived in Mapleton.

Guy- How could you know that? I didn't tell anybody.

Neteller- I know all your secrets John, I'm always watching. Did you know you can use Neteller points to register in money giveaways?

[Cerril]

I refused to use them until I absolutely had to. My roommate had the same aversion. The first time they opened then immediately closed my account and told me to call xxx-xxx-xxxx and give them my SSN and sort out problems. THat was creepy and I even looked up the number, and it turned out to be the US dept. of social security. Go figure.

Anyway, opening an account was a huge hassle but I'm pretty happy with them now. Having given PP, FirePay, and PayPal my bank information (not to mention ING, my job, and several of the companies I get bills from), I'm most confident (except for my job) in NT to not mess it up, from the way it's been handled.

but yeah, I'd never blame anyone from getting the willies and swearing off NETeller.

[Fletch46]

I've been using them for a few months (I've just been playing at the casino until recently). I was very nervous about transfering money there so opened a separate bank account which someone else suggested too. Service has been great and very convenient.

[runout_mick]

Anyone have a Neteller bank card? Are they worth it?

By the way, I've had Neteller for 2 years and processed countless transactions without a single complaint.

[Maksymilian]

I 've been using neteller for over a year and they have been much better than paypal. Very fast and reliable transfers with no fees.

[Ryan11]

[ QUOTE ]
Anyone have a Neteller bank card? Are they worth it?

[/ QUOTE ]

I find it pretty usefull. You just don't want to leave money on the card if you don't use it too often so you don't get hit with the service fees.

[Discordian]

Getting in late to add my experience:

Neteller's worked fine for me, except for the card. It only works in a couple of ATM's that I've found; not nearly all that are marked as Cirrus or Maestro compatible.

I found this thread because I wanted to check out how reliable the service was when registering a bank account, and from what I've seen here, that seems pretty solid.

Had the same reservations that most here had. Just to be safe I keep just what need for bills in my checking, but besides the fee I've got no complaints about Neteller

[ohnonotthat]

[ QUOTE ]
Does anyone else feel sketched-out when using Neteller?

[ QUOTE ]


I do not.


[ QUOTE ]

Maybe its the overseas thing that bothers me...?


[/ QUOTE ]

In spite of that a$$ kicking we gave them over 200 years ago they seem to hold no grudges.

- They are a British firm. I could see if they were in some 3rd world lost world like, um Gibraltar /images/graemlins/smirk.gif but the Brits have a good track record with stuff like this.

[ohnonotthat]

Nice hand !

That one gets three /images/graemlins/laugh.gif /images/graemlins/laugh.gif /images/graemlins/laugh.gif and one /images/graemlins/grin.gif.

[ohnonotthat]

is for instacash. (See: funding for compulsive gamblers).

Plan a little in advance an there are no (as in ZERO) charges EVER.

BTW, if you must use instacash, PARTY is the only [gaming] site I've seen that does not absorb/refund the 8.9%, which leads to my next point.

Party may not be rigged but they do SUCK !

[ohnonotthat]

If you have a bank account and a pulse you'll have no problems.

Wait - let me revise that.

Pulse = optional

[ohnonotthat]

[ QUOTE ]

Its probably worth noting that Neteller is a publicly traded company on the London exchange.

[/ QUOTE ]

Yeah, but I don't think we should hold that against them. /images/graemlins/grin.gif

[ohnonotthat]

A $5 calculator is enough to verify their statement - which, btw, is true.

There is no fee per se; I'll go out on a limb and guess that they get the benefit of any "breakage" but c'mon - we are talking pennies here.

[ohnonotthat]

Do none of you place any value on the little extras ?

The 2005 WOMEN OF NETELLER calender was great and I hear this year's version is going to be even better.

That red-head from "account verification" is smokin' hot !

I for one know what I'll be spending my NETPOINTS on. /images/graemlins/shocked.gif

Apparently you know a lot about Netteller. I have a couple of questions if you don't mind.

My bank uses Netteller software for online banking. Is this the same company? Would that affect an online casino Netteller account?

I've looked around the Netteller corporate site and don't find any clues about a possible connection.

Thank you for any help.

OP - I apologize for this mini-highjacking, but maybe this would also interest a few other posters.

[Nomad84]

[ QUOTE ]
My bank uses Netteller software for online banking. Is this the same company? Would that affect an online casino Netteller account?

[/ QUOTE ]

The company we all know and love is Neteller. Given the different spelling, I would imagine that it's a different company.

All companies that take in dough hold on as long as they can. It is Business 101: Speed up payments in and delay payments out.

[ QUOTE ]
The company we all know and love is Neteller. Given the different spelling, I would imagine that it's a different company.

[/ QUOTE ]

Jeeze, and I yewse ta be a goot spellur. And reeder, two.

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