Private company

Neteller

Logo: Neteller, CC BY 4.0, via Wikimedia Commons3

E-money transfer service

Neteller is a global payments platform and digital wallet used to transfer money to and from merchants, such as forex trading brokers, social networks, and gambling websites. Users in the European Economic Area (EEA) and the United Kingdom can add a Net+ Mastercard to their account to pay with their balance in stores or withdraw it as cash from ATMs.2 From Wikipedia, CC BY-SA 4.0

Last updated Oct 19, 2026.

Overview

1999Founded1

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Neteller NET+ Card
Photo: Maxix, CC BY-SA 4.0, via Wikimedia Commons5

Neteller is a global payments platform and digital wallet used to transfer money to and from merchants, such as forex trading brokers, social networks, and gambling websites. Users in the European Economic Area (EEA) and the United Kingdom can add a Net+ Mastercard to their account to pay with their balance in stores or withdraw it as cash from ATMs. Regardless of their location, users can transfer their balance to their own bank accounts or cards if they need to withdraw the funds from their account.2

The story

Neteller was launched in 1999 in Canada and moved to the Isle of Man in 2004. Paysafe Group was listed as an "Authorised Electronic Money Institution".

In 2015, Optimal Payments Plc (now Paysafe) finalized a transformational transaction for the global payments industry – the acquisition of Skrill Group, one of Europe’s largest online payments systems and among the world’s largest independent digital wallet providers.

Neteller is not a bank and does not lend customers funds. It is required under FCA e-money regulations to maintain user funds in trust accounts, separate from its operating cash, sufficient to repay all user balances at the same time.

From Wikipedia’s article on Neteller, shared under CC BY-SA 4.0.4

Products and brands

Neteller users can load money into their account from a bank, credit/debit card or via about 40 other payment options. Payment options vary by country, and some are instant.

Customers can use the funds in their Neteller account to pay online at merchants that accept Neteller. They can also receive payouts from merchants to their Neteller account, for instance gambling winnings or trading profits.

Other features of the service include money transfers, cryptocurrency transactions, and currency exchange.

In 2021, Neteller announced the launch of Knect, a new loyalty programme. The programme lets customers earn points for making transactions and using their Net+ Mastercard, which they can redeem for credit in their account.

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Net+ card

In 2003, the company launched the Neteller Card. A few years later in 2008, the card was rebranded as Net+. Under the Net+ name, the company offers Mastercard prepaid debit cards, virtual cards, and merchant-brandable card programs.

Customers can use their card to pay anywhere Mastercard is accepted and withdraw their balance as cash. The card is only available to customers residing in the UK and European Economic Area (EEA).

From Wikipedia’s article on Neteller, shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Owners

From Wikidata.1

Timeline

  1. 1999Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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