Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

NETELLER review

Last updated:  

Learn all about NETELLER's e-wallet features and fees.

NETELLER is a digital wallet that supports up to 27 different currencies. From online shopping to crypto payments, NETELLER offers a huge range of features to meet your payments needs. This review will cover how NETELLER works in Germany, including the features offered by NETELLER’s prepaid Mastercards.

€0.66

Monthly fee

1.75%

ATM fee for Euro withdrawals

3.99% per payment

Currency conversion fee

Product NameNETELLER Net+ Prepaid Mastercard
Monthly fee€0.66
Card delivery10 business days
Supported currenciesGBP,SEK,DKK,USD,CAD,AUD,EUR
Card fee€0
ATM fee for Euro withdrawals1.75%
Currency conversion fee3.99% per payment
Mobile paymentsApple Pay,Google Pay
Card typeMastercard
More Info
Product NameNETELLER Net+ Virtual Prepaid Mastercard
Monthly fee€0
Card delivery10 business days
Supported currenciesGBP,SEK,DKK,USD,CAD,AUD,EUR
Currency conversion fee3.99% per payment
Mobile paymentsApple Pay,Google Pay
Card typeMastercard
More Info

How NETELLER works in Germany

In general, a NETELLER account allows you to send and receive money online while conducting safe transactions. Here’s the breakdown of how NETELLER works for each of its features.

What can you do with a Net + Virtual Prepaid Mastercard?

The benefits of a Net + Virtual Mastercard go beyond online transactions. Let’s dive into the array of features offered, from special rewards to cryptocurrency payments.

NETELLER e-wallet and online payments

  • Affordable and quick. Enjoy digital payments with no monthly account fees.
  • Convenient top-ups. Top up your NETELLER account anytime you want, for a fee of 2.5% per top-up.
  • Use globally. Enjoy quick bank transfers and ATM withdrawals worldwide.
  • Merchant-friendly. Net + Virtual Prepaid Mastercards are accepted wherever Mastercards are.
  • Secure payments through Paysafe. All transactions are protected by Paysafe, which is an electronic money issuer regulated by the Financial Conduct Authority in the United Kingdom.

International money transfers with NETELLER

  • Send money worldwide. You can send money to bank accounts over 180 countries worldwide, even to individuals without a NETELLER account.
  • Send money to friends with a NETELLER account. When sending money to a NETELLER account, a fee of 1.5% applies with a minimum transfer amount of 0.50 USD. A higher one-time fee may apply if you’ve yet to make deposits into your NETELLER account.
  • Send money for free with Skrill. NETELLER partners with Skrill such that if a NETELLER customer opens a Skrill account, he/she may send money worldwide.

Rewards with NETELLER

  • Rewards Points Program. Join NETELLER’s Rewards Points Program and earn points each time you move money in and out of your accounts. Points may be redeemed for cash.

Cryptocurrency services

  • Over 28 currencies available. Buy crypto and enjoy currencies like Bitcoin, Bitcoin Cash, EOS, Ether, Ethereum Classic, Litecoin, and XLM.
  • Buy and sell crypto in a matter of seconds. Buy and sell crypto at a fee of 1.5% (USD, EUR) or 3% (other currencies).

Compare NETELLER with other digital banks in Germany

Data indicated here is updated regularly
Name Product Monthly fee Card delivery Supported currencies
Comdirect Bank Current Account
€0
N/A
EUR
A free current account with no minimum incoming funds. Includes a free Visa credit card and free cash withdrawals worldwide.
Norisbank free current account
€0
5-7 working days
EUR

Receive €100 starting credit for a limited time*

Benefit from a €0 account fee, free Maestro card and free cash withdrawals from thousands of locations worldwide.
Openbank Kostenloses Girokonto
€0
N/A
EUR
A free current account with free euro transfers within the eurozone. Includes a debit card with free cash withdrawals worldwide.
Commerzbank Kostenloses Girokonto
€0
3 to 4 business days
EUR

Receive €100 starting credit after 3 months of account activity

A current account with €0 fees and cashback at select Shell petrol stations. Includes a Mastercard Classic credit card.
loading

Compare up to 4 providers

Data indicated here is updated regularly
Name Product Monthly fee Card delivery Supported currencies
Fidor Smart Current Account
€5
N/A
EUR
A mobile current account with real-time notifications on your transactions. Includes a digital Mastercard with mobile payment and a Smart Banking app.
N26 You
€9.90
Up to 10 working days
EUR
A smart IBAN account with no currency conversion fees, complimentary insurances and no ATM fees here or abroad.
Tomorrow Zero
€15
3-5 business days
EUR
A free Visa debit card with free transactions across the globe and unlimited free ATM withdrawals per month
TARGOBANK Online-Account
€3.95
N/A
EUR
An online current account that comes with a Visa credit card. Free online transfers and free cash withdrawals at more than 3,000 ATMs.
loading

Compare up to 4 providers

Data indicated here is updated regularly
Name Product Monthly fee Card delivery Supported currencies
bunq Travel card
€0
Up to working 10 days
EUR
A no monthly-fee card that lets you travel and spend globally using the real exchange rate. Security controls and simple payments.
loading

Compare up to 4 providers

Please note these products are not licenced as banks. Check our product review pages for details.
Data indicated here is updated regularly
Name Product Monthly fee Card delivery Supported currencies
Holvi Starter
€0
Up to 10 business days
EUR
An online account ideal for new businesses with €0 monthly fees and unlimited SEPA transfers. Includes a Holvi Business debit Mastercard.
VIABUY Prepaid Mastercard
VIABUY Prepaid Mastercard
€1.65
3-5 business days
EUR
VIABUY Prepaid Mastercard comes with no line of credit and it does not require credit checks.
Holvi Grower
€12
Up to 10 business days
EUR
A full online business account with unlimited SEPA transfers, unlimited invoicing and up to three Holvi Business Debit Mastercards.
Revolut Standard
€0
Up to 9 working days
GBP,SEK,PLN,CHF,DKK,NOK,USD,CZK,CAD,AUD,RON,EUR
Enjoy no monthly fee, no currency conversion fees up to €1,000 per month and the ability to hold over 15 currencies in your account.
loading

Compare up to 4 providers

*You must transfer at least 3 salary payments (wages, salary, pension, salary, BAföG) of at least 1,000 € per month by 31 March 2021.

How much does NETELLER cost?

Net+ Prepaid Mastercard

  • Annual fee of €8
  • Card issuance fee of €10
  • No payment fees
  • Foreign exchange fee of 3.99%
  • ATM withdrawal fee of1.75%
  • Lost card replacement fee of €10
  • Inactivity fee (12 months) of 5 USD

Net+ Virtual Prepaid Mastercard

  • Add-on card fee of €2.50 per card
  • 1.5% transfer fee to another NETELLER account
  • Crypto-related fees should you choose to buy/sell crypto
  • 2.5% top-up fee
  • Inactivity fee (12 months) of 5 USD

Do note that additional fees may apply when you go above the set card limits, such as exceeding your 10 daily purchase limit up to €6,300 with a Net + Virtual card.

Is the Net+ Virtual Prepaid Mastercard safe?

NETELLER is an e-wallet and payments service provider rather than a digital bank. It, therefore, does not possess any form of banking license, nor is it regulated by the Federal Financial Supervisory Authority. As a result, it is not advisable for you to treat your NETELLER digital wallet as a bank account for you to store large sums of cash.

However, as an e-payments system, NETELLER does offer virtual features to enhance the safety of your account. This includes industry-standard encryption for sensitive information, a secured data centre for storing user information, 24/7 transaction monitoring by live agents and a 24-hour customer support team. NETELLER also has a Secure ID and Strong Customer Authentication features to enhance the protection of your NETELLER account.

Ultimately, you should read reviews online and give their customer service centre a call to gauge the quality of protection your account may be offered. Additionally, you may want to treat your account like you would treat a physical wallet — you should only include as much money in it as you are willing to lose.

Pros and cons of NETELLER

Pros
  • Security and safety associated with using a debit card.
  • Virtual Mastercard offers quick and easy online payments.
  • Users who spend and receive cash in multiple currencies may enjoy holding up to 28 currencies in their e-wallets.
  • Hold multiple Virtual Mastercards at a time and customise each one to your preferences.
  • Use the physical Mastercard for ATM transactions and secure payments in real life.

Cons

  • Not a regulated platform.
  • A range of fees that may add up, including top-up fees, card fees and foreign currency fees.
  • Many limits placed on the number and amount of transactions that may be conducted.

Frequently asked questions

Go to site