NETELLER Netherlands review
A digital wallet that supports up to 28 different currencies.
NETELLER is a digital wallet that allows you to pay securely while shopping online, make crypto payments and transact in over 27 different currencies amongst a host of other features. This review will cover how NETELLER works in the Netherlands, including the pros and cons of getting a NETELLER Prepaid Mastercard.
€ 0
Monthly fee
1.75%
ATM fee for Euro withdrawals
3.99%
Currency conversion fee
Details
| Product Name | Net+ Virtual Prepaid Mastercard |
|---|---|
| Monthly fee | € 0 |
| Card delivery | 10 business days |
| Supported currencies | GBP, SEK, DKK, USD, CAD, AUD, EUR |
| ATM fee for Euro withdrawals | 1.75% |
| Currency conversion fee | 3.99% |
| Mobile payments | Apple Pay, Google Pay |
| More Info |
How NETELLER works in the Netherlands
NETELLER allows account holders to send and receive money online. It’s a seamless payments solution and secure digital wallet that gives you complete control over your finances. Here are some NETELLER features that users in the Netherlands can look forward to.
What can you do with a Net + Virtual Prepaid Mastercard?
Your Net + Virtual Mastercard can be used for so much more than online transactions. Let’s take a look at the features offered, from exclusive perks to crypto payments.
NETELLER e-wallet and online payments
- Affordable and quick. Enjoy fee-free online payments.
- Easy top-ups. Top up your NETELLER account conveniently. Do note that each top up will incur a 2.5% fee.
- Withdraw money directly into your bank account. Enjoy seamless bank transfers and ATM withdrawals internationally.
- Global acceptance. Net + Virtual Prepaid Mastercards are accepted at wherever Mastercards are.
- Secure payments through Paysafe. All transactions are protected by Paysafe, an electronic money issuer regulated by the Financial Conduct Authority in the United Kingdom.
International money transfers with NETELLER
- Send money globally. Send money to bank accounts across 180 countries, even to individuals without a NETELLER account.
- Send money to other NETELLER accounts. A fee of 1.5% applies with a minimum transfer amount of US$0.50 when you send money to other NETELLER accounts. A higher one-time fee may apply if you’ve yet to make deposits into your NETELLER account.
- Send money for free with Skrill. As NETELLER has a partnership with Skrill, you may send money worldwide if you open a Skrill account.
Rewards with NETELLER
- Rewards Points Program. Join NETELLER’s Rewards Points Program and earn points each time you transact with your account. These reward points may be redeemed for cash.
Cryptocurrency payments
- Over 28 cryptocurrencies available. Trade 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).
What are the fees involved?
Net+ Prepaid Mastercard
- Annual fee: €8
- Card issuance/replacement fee: €10
- Payment fees: None
- Foreign exchange fee: 3.99%
- ATM withdrawal fee: 1.75%
- Inactivity fee (12 months): US$5
Net+ Virtual Prepaid Mastercard
- Additional card fee: €2.50 per card
- Transfer fee to another NETELLER account: 1.5%
- Top-up fee: 2.5%
- Inactivity fee (12 months): US$5
- Crypto-related fees should you choose to buy/sell crypto
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 a digital payment service provider rather than a digital bank like N26 and Revolut. This means that it doesn’t hold a banking license and you should only use NETELLER as a supplementary option to your current bank account.
As a digital wallets system, NETELLER is equipped with a range of security features to enhance the safety of your account. Such features include industry-standard encryption, a secured data centre for storing user details, around-the-clock transaction monitoring and a 27/7 customer support team. NETELLER also offers a Secure ID and Strong Customer Authentication features to keep your account as secure as possible.
Ultimately, you should read online reviews and give their customer service team a call to gauge the quality of protection your account may be offered. Additionally, you may want to treat your account like how you’d treat a physical wallet — you should only include as much money in it as you are willing to lose.
Pros and cons of NETELLER
- 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
- 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
How to create a NETELLER account?
To create an account with NETELLER Netherlands you’d need to be at least 18 years old. Before applying, make sure to have your personal details on hand. Next, follow these steps to apply:
- Head to the NETELLER website and choose the ‘Join for Free’ button
- Enter your personal details to create an account
- Activate your account by clicking on the confirmation link in your email
- Deposit money into your account to make immediate payments with your NETELLER account
- Verify your address and identity to unlock all features of a verified account