Bitcoin Forum

UPDATE - Bad news:
http://blog.neteller.com/2015/04/new-deposit-option-bitcoin/
Mastercard has limited this possibility.


Zero fees

Paypal loser :D

https://i.imgur.com/d0NQiag.png

Took from Reddit (and verified)
https://www.reddit.com/r/Bitcoin/comments/3064th/netellerbtc_apparently_you_guys_were_successful/

Neteller also offers a pre-paid card:
https://help.neteller.com/app/answers/detail/a_id/1306
https://help.neteller.com/app/answers/detail/a_id/2363

EDIT:
http://www.coindesk.com/neteller-bitcoin-deposit-policy-reversal/

I've done some searching but I couldn't find news related to this. The only thing that I found dates back to 2014. When they've updated their policies: http://www.coindesk.com/online-gambling-payments-pioneer-neteller-snubs-bitcoin/.

This is excellent news actually. Could you provide us with a link or two?

I didn't find the official news anywhere, but you can login to your Neteller account to check yourself :)

Maybe it's coming in the next hours.

i bet paypal will move pretty soon too now -they surely dont wanna lose this race.

This is great news! :)
However it would be so much better if they decided to keep the BTC instead of automatically convert them to fiat. Also, the other way around (withdrawing to bitcoins) would be awesome. Let's hope that's implemented soon.

Well its not the case here in Germany I can tell you that.
I have just logged onto the site and there is no bitcoin option.

http://www.neteller.com/fees/

Look for yourselves before getting excited about this 'news'.

I'm signing from Italy, just did it, I can still see it ...

holy shit this is awesome, i hope they allow you to convert in and out of bitcoin also, i trust these guys alot.

It doesn't seem so, at least in the immediate future. If they use Bitpay for deposits it means they don't want to hold bitcoins and they won't have BTC to allow withdrawals that way.

If this is true then that's great news, IF it's true, can I see some verification on the forums please before we all get giddy?

man, why dont they just do a 2 way deal using bitpay, that would be great, we can ask for this.

+1 (logged from UK).

UK company (a time used by somes exchange instead of Paypal).
Fees is good with ukash bonds ... for example.

Great news!

More and more payment processors are starting to add the option of funding the account via bitcoin.

I would normally say fud as no-one has logged in and verified, certainly not for europe. U.S?

but poster is staff legendary member so giving hope it's true

any links? coindesk etc?

no mention on their twitter
https://twitter.com/NETELLER

I logged and verified, from Italy :)

It doesn't finish the process, so maybe they are still fixing it.

I asked to someone else to try it from mobile, and here it works, they are using Bitpay.

Neteller is leader as payment processor for gambling websites, at least in Europe.

When they started their niche was gambling sites (around the time Paypal dropped all gambling), but that was a long time ago.
Do they have a decent market share for online payments, anyone know?

Edit : I just saw the above post, glad to hear the good news.  :)

neteller bought skrill literally other day for 1.1 BILLION Euros
http://forexmagnates.com/skrill-bought-by-rival-payments-provider-neteller-for-e1-1-billion/

Hmm, don't see any legit news sources as of yet.

For now, I'll file this in my mental file cabinet as rumor.  Not verified by anything yet (Sites, Twitter, News feeds etc).

Neteller also offers a pre-paid card:
https://help.neteller.com/app/answers/detail/a_id/1306
https://help.neteller.com/app/answers/detail/a_id/2363

It's confirmed that it's appearing on some accounts already, as reported by HostFat (https://bitcointalk.org/index.php?topic=1001714.msg10876008#msg10876008) so although it's not 100% confirmed it will be implemented it's definitely more than a rumor :)

Paypal have pulled this sort of shit before, so excuse me if I'm not going to wait around and see until I get some concrete fact checking.

http://www.coindesk.com/neteller-bitcoin-deposit-policy-reversal/

BOOM

confirmed.

Well that source is just relying on this apparently:
http://www.reddit.com/r/Bitcoin/comments/306h7q/confirmed_neteller_is_now_accepting_bitcoin_at_0/

We need to wait for confirmation directly from Neteller (and Bitpay) to be 100% sure, but everything points that way.

coindesk said this

This is great news!

I used to use Neteller and Moneybookers (Skrill) in my poker days and I never had any problem with them... AFAIK Neteller bought Skrill, so i guess Skrill might also have Bitcoin option soon.

Exciting times ahead!

This is BIG!

As a poker player I've used Neteller a lot and afaik it's one of the most widely used deposit options on Pokerstars along with Skrill.

Almost all professional poker players use Neteller/Skrill, now that Skrill is bought by Neteller there will be a lot of exposure to the poker community, however a lot of them already know about bitcoin because of SwC etc.

But to be able to go from BTC > Pokerstars within 1-2 minutes now is awesome ;D

I guess it won't take long anymore before Pokerstars will accept BTC directly, as it was being prepared to be implemented already, now Neteller is giving the green light things should being rolled out soon^TM

I found it as great news!!Who can believe it, Neteller after a small suspend(about 3-4 days)on my account 6 months ago i had a phone call explaining me that their policy is against Bitcoin and i am not allowed to make trading via their offering services, now Boom Accepted!And as skrill has been sold to Optimal Payments (Neteller) they may add it also as a deposit method but in anyway i really, really like it and it will be an easier and faster way to convert Bitcoin to fiat, a big promotion and many others may will follow on this path too..

Kind Regards,
BTC-Bank

A payment processing company which has been around for many years.  It is one of the main ways poker players deposit and withdraw out of different sites.

If pokerstars are missing out on anything then yeah i think they will rush into this but i'd still say neteller has a better chance of making bitcoin withdraws.

The good news, I always use the NETELLER and has always been difficult to deposit a dollar or others and must exchange first. so when they accept bitcoin it is very easy and simple to transact :)

I created a new Neteller account from Hungary and the bitcoin deposit option is there. But it doesn't seem to work at the moment, perhaps it isn't fully implemented yet.

yes the same

Sent to Neteller support: Hi, I just opened a Neteller account. The Bitcoin deposit feature doesn't seem to work - the system says "Selecting "Confirm" will launch the third-party processor and allow you to complete this transaction," but nothing happens when I click Confirm.

It seems that it works if you have a Neteller wallet with USD currency.
Maybe we need to wait for other currencies as EUR.

Could anyone who is verified Neteller user please check Bitcoin deposit limits?

This image is not very encouraging - $650 max lifetime limit - i hope this is true only for unverified users.

https://i.imgur.com/iMYrZHO.png
https://i.imgur.com/iMYrZHO.png

My verified european account:

Deposit limits
Min amount 3.75 EUR
Max per transaction 300.00 EUR
Max daily limit 300.00 EUR
Max weekly limit 975.00 EUR
Max monthly limit 1,987.50 EUR

There isn't any lifetime limit.

Excellent news! Thanks! 2k per month is a nice amount for daily things, so this could really become CC bridge for stores that do not accept btc directly. Cool!

Now it works even with EUR currency! Try it :D

To withdraw money from the ATM, it must be passed 7 days from the Bitcoin deposit.

Anyway, you can use them instantly from the net+ card.

It is nice that Neteller doesn't charge a fees for now. But will it be the same even in the future ?
Or for now its only promotionally that they are not charging any fees for it.

This is very good news, and the fact that it is no fee, as you point out, is sweet sweet icing on the cake!

Hopefully they get the bugs with it worked out quickly.

Maybe they are taking the income from merchants that are using their service, and not from their common users :)

Withdrawing Bitcoins would be more useable, I assume serious Neteller users are those winning poker players who just withdraw money from Neteller.

But I understand it is first step because depositing Bitcoins means no risk for Neteller, while allowing to withdraw Bitcoins can be problem if the Neteller account is stolen...

Received from Neteller: Deleting Cookies and Internet History should fix the issue that you might be experiencing.

Sorry to have doubted you, there is a lot of rubbish posted as fact on this forum, I couldn't see anything on the website in Germany or find news about it. Great news though!

It wasn't that, it was a blocked popup. I enabled popups and everything worked. I deposited $5 in bitcoin to my (previously unused) Neteller account. Then I could verify the account to raise daily limits (I had to send an id document scan to do that) and now I have all options, including the virtual credit card (free) or the plastic credit card (one time fee of $12). I think I will get the card to offer myself the experience of withdrawing cash-from-bitcoin and paying with bitcoin at the mall.

for this exact reason I´m sure they won´t introduce Bitcoin withdrawals.
It will be a deposit-only method.

Nevertheless great news (I also have the 1987 € per month limit by the way)

This can actually be a breakthrough, I've seen the traction their service has got (not from gambling point of view)
Has anyone tried out other countries?

Yesterday i made my first Bitcoin transaction on Neteller everything went smooth and fast it only needed one confirmation and the money was in!I was surprised as i load 60 Euros and it was actually 60 Euros!I make the same trade to Virwox to load skrill and got around 54+ Euro (also 1Euro for the withdrawl to Skrill)  wich i was wait for 5 confirmation to appear and i found it as a steal!The only negative is that i can transfer or buy everything from Neteller except to withdraw via ATM wich it needs to wait 7 days!Great work Neteller i really liked it and hope that Optimal Payment will add it on Skrill too!

Kind Regards,
BTC-Bank.

So if you deposit money by Bitcoin, you need to wait 7 days to withdraw them with their debit card ?

I haven't tried it myself yet, but going by the other responses here, yes, you need to wait for those 7 days, if you just want to withdraw the money; but apparently, you can also spend that money immediately, if you use their card to pay for things directly.

As HostFat put it:

---

Well, perhaps not; other payment processors, like Payza, have already introduced Bitcoin deposits and withdrawals (though they have some restrictions on the source of the funds you can use to withdraw through Bitcoin) - hopefully this is only the first step for Neteller. :)

Now I see these new limits on my account:

Deposit limits
Min amount 3.75 EUR
Max per transaction 450.00 EUR
Max daily limit 450.00 EUR
Max weekly limit 1,466.25 EUR
Max monthly limit 2,966.25 EUR

I'm not sure if it's related on my sign in on ewallet-optimizer.com ...

I'd bet those limits will raise for everyone but i'd also bet you can raise them now if you are a decent customer.  Its a great start though.

Yes @rammy2k2 you need to wait 7 days (only for withdrawing from ATM) for other use (transfer, purchase online) is instant.I also tried to deposit with the Neteller prepaid Mastercard to my Skrill account to see if i can withdraw it from there (instant) but it was declined (the transfer between wallets are prohibit the last year+ from Neteller to Skrill)..I look for other ways to see if there is a solution to instant withdraw from a third party with (no fees if possible) I also will try, to transfer it to a friends Neteller and see if there is withdrawable from his account.

Kind Regards,
BTC-Bank.

@BTC-Bank

Leupay - "Free" online SEPA account in Luxemburg
https://bitcointalk.org/index.php?topic=978329.0

Net+ Card -> Leypay bank account (fee 1%) -> Leupay card -> ATM (fee 1.5 eur)

This can be interesting :)

Oh nice @HostFat!Thank you very much for sharing this!I will review it and test it!As you have experience with this have you test it?It is instant,safe?The fee sound very good! if we get in mind that Neteller need 4 euro for withdraw and for small withdraws it may be one very good solution to make it instant!  :)

P.S. About the friends account i will try it this week and update back!  8)

Kind Regards,
BTC-Bank.

It works, but I haven't used it for big money, just few small tests.

Yes my apologies i read it on the thread you post, i will sign up and give it a try as soon as i can but it sounds nice for many purposes as it also accept paysafe and ukash..Thank you again!

Kind Regards,
BTC-Bank.

@BTC-Bank
Remember that you can only register 5 cards on Leupay.
You can't un-register an old one to add a new one.

Oh thank you also for the tip @HostFat!I didn't notice that i think i will read their Tos to be more careful before my sign up as this you mention, it can be a burn.
 :)

Kind Regards,
BTC-Bank.

Just funded my new Neteller wallet with Bitpay, works good so far.

They are using Netverify so you can get verified within a few minutes or less.

Thanks a bunch for this, will try to make me an account, an extra debit card is always a pleasure to have  :D

anyone know how to get higher limits?  600 usd a day only and 2000 usd a week and 4000 usd max month...

I found  this: (https://help.neteller.com/app/answers/detail/a_id/2365/session/L3RpbWUvMTQyODExNTk0Ni9zaWQvQkREWGktaW0%3D)


You don't qualify if you just signed up: http://www.neteller.com/vip



By the way: there's a promotion for easter: http://promotions.neteller.com/robegg/

Money Out option is desired !  ;)

I guess perfect money too does that already  ;D

I have send 0,1 BTC to neteller and now have in my account, really nice.
I have request a plastic card, but 4 euro for withdraw atm is the price more high i have see in internet

I wish they were doing withdrawals as well. But using Bitpay seems it won't allow them to do that.
I deposited today but the conversion rates to my currency was very low as compared to google, so I guess I will have to open a new account to keep the currency to dollars to actually make it mean 0% deposit fees.

Wow, i can't accreditate this news, i use more neteller. I have send btc and later 35 minutes have in my account with very small fee

There another service that gives you the possibility to withdraw in Bitcoin, you should give it a look:

Advcash - a new anonymous prepaid card [Recharge it with bitcoin]
https://bitcointalk.org/index.php?topic=1011381.0

Oh nice another one!Thank you for sharing the thread @HostFat!I will give it also a try!

Update: About withdrawing a Bitcoin deposit with Net+ mastercard when you have send the amount in euros to a friends Neteller, it worked but i did it with 3 days delay so i dont know if it works as instant also but it was sooner than 7 days.

Kind Regards,
BTC-Bank.

Just arrived:
https://i.imgur.com/v65eaKr.jpg

I just tested the Net+ card for a POS transaction - it's really convenient for everyday purchases in places where Bitcoin is not yet accepted - there are no additional fees for me as a consumer:
https://i.imgur.com/LmLTEHO.png

https://i.imgur.com/A9mOKL2.png

just login and see it by my self and found this :D

https://i.imgur.com/SnA12rL.png

http://blog.neteller.com/2015/04/new-deposit-option-bitcoin/

Funds deposited using Bitcoin are available immediately for transfers to merchants or other members. However, funds deposited using Bitcoin are not available for purchases or withdrawals using your Net+ Prepaid MasterCard®.

I thought that this would be possible after waiting 7 days? Have they really changed it or is this blog post mistaken?

Hmm, this need some new tests ...

Edit:
It still show this message by clicking deposit with Bitcoin:

Damn it, it's true!

This is great. I'll be very happy seeing PayPal lose their userbase.

So basically you can't use your bitcoin deposited funds as balance on your debit card.

No point then.

It seems this is the end of "neteller" for all the bitcoiner, then what will advcash do? Because They also use mastercard. Will they 'force' this rule?

Is this true or FUD? Could someone with the card try out? If it's true, it sucks completely : /

It's true for the Neteller card, yes, unfortunately: http://blog.neteller.com/2015/04/new-deposit-option-bitcoin/

http://blog.neteller.com/2015/04/new-deposit-option-bitcoin/

On the blog they answer to the question :


With


So, what does this means? how can i use BTC deposited on Neteller?

If virtual card doesn't work, if Neteller/Mastercard doesn't work, what are the remaining options???

That's correct. You can't use funds from deposited Bitcoin with your Neteller MasterCard nor the virtual card. You can only use funds from Bitcoin deposits for transfers to merchants or other members.

hmm but if I deposit in a merchant like betfair, and them withdraw it, won't it be treated as "normal" founds and then I can use them with my neteller card?

How much ask betfair to withdraw?

To withdraw there is no fee. To deposit used to be free, but now they charge you 1% of your deposit. But if is a way to get around it it's not that bad.

Not sure. It could be seen as originating from BTC (but a bank deposit could be too). Ask support!

HostFat you should make the edit more easily seen.

He should just try it and see if it works. If it does, then it's an easy way to get around the system, but that could mean that your account gets possibly flagged due to abusing it or something.

I will try it at the end of the month (maybe sooner). To be honest I can't see how they can stop me from doing it. I don't think they are allowed to ask betfair for details on my activity, so I could just be withdrawing profit, or wtv. They could have a system like betfair, and that would stop it.

They could control how much I have deposited into betfair with btc, and then only allow me to use founds from betfair if they were more the initially deposited. (I have deposit the equivalent to $30 in btc into betfair, so if I withdrew, let's say $35 from betfair, they would only let me use $5 with the card, and the other $30 would have the same restrictions).

I will let you know what happens when I try it.

I do not think they will cause you a problem or lock those funds, if you withdraw them from betfair than in this case they cannot say nothing.

---

Someone know if the problem is definitely by mastercard or not?

We know that the problem comes from mastercard because the Neteller PR has said it on the blog
Now she has edited her messages but there are still some screenshots on Reddit.

I think it's just their relationship with MasterCard, other services are using MasterCard without issues.

I don't think they will do that either. That is why I said that this should be the easy way to "counter the system".
But if they are really serious in that restriction in using btc deposit with the card etc, that would be their easy way of doing it.

Betfair does it as well, to prevent users from depositing with a payment method and withdraw it with another.
(anyway like I said I will test it at the end of the month and let you know how it goes)

Perfect, thanks. So I do not think it will be a problem with the advcash card (or at least I hope).

patt0 but to betfair or other similar site, you can deposit and later withdraw, without play money at least one time?

I never did that but I'm sure you can. What you can't withdraw without "playing" first is bonus money from any promotion they might have, but I'm sure you can withdraw the money you just deposited. (the only "restriction" like I said before is that you must use the same method you previous used to deposit. If you deposit let's say $30 with neteller you must withdraw them from neteller and not by any other method)

This is wrong. Betfair and most other sites require you to make at least a bet (or multiple bets) with the size of the deposit. Some bookmakers even require you to turnover your deposit
multiple times (pinnaclesports.com).

The reason for this is the deposit fees that Betfair has to pay to the e-wallet providers like Neteller and Skrill.
If you would deposit and withdraw without playing they would make a guaranteed loss due to the above mentioned fees.

That rollover is required like I said when you receive bonus money from any promotion. What they do now is to charge you 1%  (with neteller at least, it varies with the deposit method) of your deposit, it used to be free.

Anyway check the terms and conditions always, I'm a betfair customer for many years and I have no restrictions on my account except the normal ones I have mentioned. But things do change from time to time, so always read the terms and conditions.

They convert bitcoin to dollar & no bitcoin as withdraw method ?
No thanks ::)

You can now buy Bitcoins using NETELLER here: https://www.coinimal.com

https://www.coinimal.com/news/2015/coinimal-becomes-first-cryptocurrency-merchant-to-partner-with-neteller/

I can't seem to deposit money on Neteller using BTC, after I enter the amount etc it should redirect to BitPay I think but nothing happens, do more people have this problem?


Nice :D

Do you have "no-script" or similar plugins enabled?

Nope I'll try it later in a different browser, it's not important tho :)

Just a headsup to anyone who tries using neteller with the option to deposit through bitcoin, that incas you expect confirmation delays like the spam attach or stress testing , then do not deposit through bitcoin. I just had a confirmation after 24 hours and Neteller shows it as rejected, but it has been sent and confirmed. I am not sure how they proceed with it, and have contacted them. Will update once they get back .

Please report when you have more news.
For now I deposited twice and had no problems.

Sorry I forgot to update. The issue got sorted after I left the support an email . They said they were tracking the payment and will add it to the account, which they did later.

How much time did it take them to sort out your issue? From sending the ticket to receiving the balance in your account?

To those that got their limits increased for neteller with bitcoin, how much are your daily, weekly and monthly limits?

It still has its benefits, though, in that it's easy to convert BTC to USD, and still creates liquidity. I'm not sure how much of BitPay's BTC is liquidated but it should help boost transactions/daily turnover regardless. It's a good option for those that have BTC and need cash.

Hello bitcointalk,

Starting from tomorrow NETELLER will **increase the deposit fee from 0% to 5%.**
 
Also the funds deposited into your NETELLER account with Bitcoin **can't be used with the NET+ virtual creditcard.**   

**How can you still deposit money into your NETELLER account using Bitcoin?**

1. Go to https://www.coinimal.com
2. Register an account (only emailaddress is needed!)
3. Click on "Sell" and select NETELLER
4. Send the BTC to the address provided
5. Receive the EUR on your NETELLER account

**Limits:**   
500€ / day for unverified accounts 
5000€ / day for verified accounts 

**Currency**: EUR

**Fee**: 2.5%

https://www.coinimal.com/news/2015/the-most-requested-neteller-sell-feature-has-been-implemented/

Regards, 
Paul 

https://www.coinimal.com 

So essentially they're now just yet another exchange, liquidating pretty much right after you deposit. And with high fees.

now its december and the fee  is 1% as of now and not 5 ;)

what are everyones limits with this?  i see max 3500 dollars for usd for bitcoin.  So if i want to convert 3500 bitcoin to neteller, it cost 35 dollars.


any chance they make it zero fees?

That's doubtful, unfortunately; in fact, up to a few months ago, they were planning on increasing the fee to 5% (though they apparently settled at 1%). But, regardless of the deposit fee, the main problem with this service is still the same: what to do with the Bitcoin deposits - users can't (directly): withdraw the money; use it to make online purchases; or use it in conjunction with their Net+ cards. I suppose one can try to circumvent their limitations somehow (perhaps by passing the money along to another account or site first, as previously mentioned), but there is always the risk of being caught and losing both account and coins.

By the way, you wouldn't be able to convert 3500 bitcoins with their limits (perhaps you meant "convert $3500 worth of bitcoin"), but if you could, the fee would be 1% as well (so, 35 bitcoins). I'm not sure what limits VIP member accounts have, however (if any).

i need some money to promote a facebook page but i need money in my credit card net+.
is there anyway that i can deposit bitcoin in neteller and use the amount with net+ card ?

This is possible with https://www.coinimal.com

Regards

the problem in my country i can't verify my phone number i want to know if that can make a problem or i can sell my btc with out verify my account
and how much time to recive my money

For selling you only need email verified.

Regards