One person can have two Neteller accounts

Advice: This is how the payment provider Neteller works

Neteller is one of the leading providers of online banking that operates worldwide. The company was founded in 1999 and is based on the Isle of Man, UK. Neteller is currently in 160 countries for both private and business customers active.

What is Neteller's main field of activity?

Neteller is the leading provider of free virtual prepaid credit cards. In particular, Neteller sells Mastercard debit cards. Payment in the respective card currency for every purchase and topping up the credit on the card from your own giro account is basically free of charge. Costs are only incurred if the card is topped up with a different currency, if it has not been used for more than 14 months, as well as for cash withdrawals or transfers from accounts other than your own.

How does Neteller work?

As a Neteller customer, you transfer money from your checking account to your Neteller credit card. With this one then has the opportunity to purchase goods, money or other services free of charge in over 200 countries. You also have the option of making online transfers to people or retailers registered with Neteller via your Neteller account. With a Neteller account you also receive the free Net + Prepaid MasterCard. This card then gives you the option of withdrawing cash from machines around the world and making secure cashless payments in numerous shops.

With the Geldexpress program, Neteller offers its customers a simple, fast and, above all, secure method of direct online banking. Cash is immediately transferred from an existing Neteller payment account to the recipient's account free of charge, making it an attractive alternative to conventional online banking.

What about Neteller's security?

Basically, like any other contract, you should think about security before setting up a Neteller account. Security is one of the most important aspects, especially in today's world, where many things are completed in seconds on the Internet and where there are also many gaps that can lead to greater damage.

Before you can use Neteller, you have to deposit money into your Neteller account. If this payment is made from a regular credit card, the protection is ensured by the so-called 3D-Secure procedure. An online transfer is protected by a 128-bit encryption system. However, before transactions of any kind can be carried out, the respective user must clearly identify the identity. This identification is monitored in real time by Neteller. If there are any doubts about the identity, they will be checked directly. This procedure offers Neteller users a certain amount of protection against possible online fraud.

Another instrument for protecting customers' data and assets is two-step authentication, which Neteller offers as an option. This means that if the customer so requests, the protection can be improved even further.

Neteller holds its customers' money in trust. However, it should be noted that in the event of bankruptcy there is no guaranteed right to cash out, even if the company is approved and regulated by the UK Financial Regulator.

Who is behind Neteller?

Neteller is operated by Paysafe Financial Service Limited. Like Neteller, the company was founded in 1999 and operates in the field of alternative payment systems. This opens up opportunities for customers to be financially active in areas in which conventional payment methods do not always work smoothly.

Like Neteller, the company, which is a subsidiary of Paysafe Group Plc, is approved by the UK financial regulator. This approval and internal security measures guarantee the highest level of security for customers.

As you can already see, Neteller offers its customers the highest level of security. However, it must be clearly stated that 100% security for the customers' money and data cannot be guaranteed. Neteller allows its business partners to call up customer data for verification, but forbids it to be passed on.

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The article "Neteller" is in the category: Payment methods