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Sunday, June 8, 2014

NETELLER vs Skrill: Introduction

NETELLER vs Skrill: Introduction

NETELLER vs SkrillThis is the most detailed and reliable NETELLER vs Skrill comparison for personal accounts available on the net.
The “NETELLER vs Skrill conclusion” covers the most important fees, VIP benefits and company comparison for Skrill and NETELLER. All figures and data are updated whenever changes are required. NETELLER as well as Skrill helped us to compare the data as detailed and correct as possible.
Nevertheless, please note no responsibility can be taken for the correctness of the details provided.

NETELLER vs Skrill: VIP programs

Skrill (Moneybookers) as well as NETELLER offer special premium memberships with different VIP levels. While at NETELLER the requirements are on a yearly basis, customers at Skrill need to reach the requirements with a rolling period of three months. The required transfers to merchants per month in average to reach and maintain the VIP status are the the following amounts.
NETELLER VIPSkrill VIP
Bronze VIP600 EUR2,000 EUR
Silver VIP3,000 EUR5,000 EUR
Gold VIP6,000 EUR15,000 EUR
Platinum VIP30,000 EURn/a
Diamond VIP120,000 EUR30,000 EUR

NETELLER vs Skrill: Fee comparison

neteller(VIP)Skrill(VIP)
specific VIP status in (bricks)(bronze; silver; gold; platinum; diamond)(bronze; silver; gold; diamond)
Available accounts per customer1 account
(1;2;2;2;2 different currency accounts)
1 account
(1;2;3;4 different currency accounts)
Available account currencies2241
One time Signup Bonusn/an/a
Account management feesfreefree
Account unusedunused for 14 months:
1.80 EUR/month
unused for 12 months:
1 EUR/month
Exchange fees (FX)2.95% (2.95%; 2.25%; 1.50%; 1.50%; 1.25%)2.99-4.99% (2.49-3.49%; 2.25-3.25%; 1.99-2.99%; 1.75%)
Receive moneyfreefree
Send money (p2p)free1%, max 10 EUR (1%, max 1 EUR)
Deposit fees
- bank transferfreefree
- instant bank deposit1.50%free
- credit card1.75 – 4.95%free
Withdraw fees
- bank transfer7.50 EUR (free)2.95 EUR (2.95; free; free; free)
- cheque7.50 EUR3.50 EUR
- prepaid card at the ATM4.00 EUR (free)1.80 EUR (free)
- to merchant sitefreefree
Prepaid CardNETELLER MasterCard
Net+ Prepaid MasterCard
Skrill MasterCard PrePaid
Skrill PrePaid MasterCard
- fee to order & annual membership10 EUR (10; 10; free; free; free)10 EUR (free)
- costs for cash withdrawals at the ATM4.00 EUR (free); FX fees as above1.80 EUR (free); FX fees as above
- costs at points of salefreefree
- balance inquirefreefree
- online bank statementfreefree
- new PINfreefree
- new prepaid cardfree10 EUR (free)
- cash withdrawal at ATM limits/24h750 EUR (750; 750; 2,500; 2,500; 2,500)250 EUR (250; 500; 2,500; 2,500)
- points of sale limits/24h2,250 EUR1,000 EUR (3,000; 3,000; 5,000; 5,000)
- delivery time5-10 business days5-10 business days
- available currenciesEUR, USD, GBP, CAD, SEK, DKK, AUD, JPYEUR, USD, GBP, PLN
- validation3 years3 years
- virtual MasterCardfree NETELLER Net+ Virtual Prepaid Mastercardn/a
Cashback & PromotionsPoint (0; 0; 0; 0.25%; 0.5%)none (0.2% with Skrill Loyalty Club)
- promotionsnone (regular low-prize draws)1% cashback for 30 days for customers becoming VIP
- additional cashback/month
up to 1.2% additionally with eWallet-Optimizer.com
up to 0.5% additionally with eWallet-Optimizer.com
Security Tokenn/aSkrill Security Token
- fee to ordern/a15 EUR (free)
- delivery timen/a3-5 business days
- battery life spann/a5-7 years
- Money-back guarantee in case of fraudfor bronze VIP and higherfor all Skrill customers using the Security Token
Link to Terms & ConditionsNETELLER Terms of UseSkrill Terms & Conditions
Both eWallet providers improved their support a lot in the last years, especially for their VIPs.
Both e-wallet providers have an e-money record with the UK government’s and are regulated by the Financial Services Authority (FSA) in the United Kingdom. Different to PayPal, they are not a bank and do not lend customers’ funds. Both do not allow buying Bitcoins and customers cannot send money from Skrill to NETELLER directly. While Skrill (Moneybookers) is available for paying at important merchants like eBaySkype and Facebook with their direct deposit option, NETELLER is only provided as standard MasterCard payment.