Thursday, December 15, 2016

What can I do with a Neteller account?

You can send some funds to a Netteler account denominated in Australian or New Zealand dollars. If you want dollars, euro, pound sterling, yen, and so on. You can open a Neteller account in that denomination and have it funded by an exchanger which would send dollars to it and have it converted automatically for you.

One good thing about it is that, the fund can then be withdrawn by you to your domiciliary account here in Nigeria or to your Neteller debit Net-Card which you can use on ATMs. You can use it anywhere in the world and for anybody in the world. Foreign currencies sent from your Neteller account to your domiciliary account would be in inflow, and could be withdrawn as cash or used for many purposes.

Q. What is Neteller and what are the uses for it?

A. Neteller is an electronic currency for online payments (e-currencies are exchanged on computers). Money in a Neteller account can be used to pay merchants, sent to other customers of the service, or spent at any retailer that accepts MasterCard® using the Neteller prepaid card that is a part of the account. People in over 200 countries use the Neteller service to transfer money to and from merchants, such as financial institutions, social networks, or online betting firms, and can withdraw funds directly using the Net+ card or transfer the balance to their own bank accounts. You can receive salaries and payments for services in Neteller. You can use your local currency to buy Neteller for your account or change Neteller in your account to your local currency or transfer it directly to your bank account.

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The default minimum deposit amounts are: $100 for Micro accounts, $500 for Pro-Managed accounts, and $2,000 for Pro accounts However, an optional "suggested deposit amount" parameter may be used.