neteller is this payment proccessing website good or not

Discussion in 'Payment Processing' started by taurean11, Dec 17, 2007.

  1. #1
    hi i want to use neteller

    plz tell me the plus and minus points of this system

    also i would like to know can i use neteller to withdraw money in my bank account

    i am from india

    and the neteller prepaid card is anyone who has it
    and is using
     
    taurean11, Dec 17, 2007 IP
  2. jambon

    jambon Member

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    #2
    It really depends on what you want to use them for... As far as I know they don't offer any features for merchants. I was using them alot a while ago and they WERE good... but as time went on they became less and less reliable. There was even a huge scandal where they had over $50 million locked up of their customers money and they took well over 6 months to return it.

    I would reccomend staying away from neteller - there are much better processors out there.
     
    jambon, Dec 17, 2007 IP
  3. MarRome

    MarRome Peon

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    #3
    But that scandal had to do with the US govt blocking transactions for online casinos. Wasn't really netellers fault.
     
    MarRome, Dec 17, 2007 IP
  4. spacity

    spacity Peon

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    #4
    Thats true. Neteller was the primary US payment method for Party Poker before it was closed down in the USA. I never heard anything negative about them.
     
    spacity, Dec 18, 2007 IP
  5. Im The ONE

    Im The ONE Peon

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    #5
    They are good but exchange stuff doesn't work with them. You have to send them Drivers License + Bank statements to get Peer 2 Peer transfers enable and be able to withdraw money to cheque/card/bank
     
    Im The ONE, Dec 18, 2007 IP