Neteller is one of the popular e-money transfer services in Nigeria which offers Neteller account users the opportunity to send and receive funds, deposit in gambling sites, trade and buy and sell bitcoin and other cryptocurrencies, with ease. In this article, we’ll focus on how to fund Neteller in Nigeria. We’ll also provide some valuable information that would help you secure your Neteller account and use it without any restrictions. Keep on reading to find out.
How to fund Neteller in Nigeria:
To fund your Neteller wallet with bitcoin, simply log-in to your Neteller wallet. Once in, go to the ‘Money in’ section and select ‘Bitcoin’.Next, you’ll be asked to enter the amount you want to fund your Neteller wallet with. On the next page that appears, you’ll see the bitcoin app running. Follow the directions of the third-party service on that page to finalize the deposit.
Bank Transfer Option
Unlike the credit card and bitcoin options of funding Neteller in Nigeria, the bank transfer option takes a bit more time than the other two options. This method of funding Neteller in Nigeria is most convenient when you are depositing large sums into your wallet. To use this option of funding Neteller, simply log-in to your wallet, then find the ‘Money in’ button. Next, select ‘International Bank Transactions’ from the drop-down options. Proceed by inputting the amount you want to fund your account with, then hit ‘Continue’. On the next page, check all the important bank details to complete the process. To finalize the top-up, select your online banking service and follow the prompt. This method of funding Neteller comes with a 2.5 percent charge. That is, if you deposit N100,000 into your Neteller wallet, you’ll be charged N2500 for that transaction.
Credit Card Option
The use of credit cards to fund Neteller is the most common option that Nigerians use to fund their Neteller wallets. To fund your account using the credit card option, simply log-in to your Neteller wallet account, go to the ‘Money in’ section and click on the ‘Credit Card’ option. At this point, you’ll be asked to provide your credit card details such as the card number, expiry date, and CVV, as well as the amount you want to deposit and the currency, in this case, the Nigerian Naira. After providing the required information, you can proceed to press ‘Review’, however, if the purpose of funding the account is for gambling, just select ‘Yes’ before hitting the ‘Review’ button. On the next page that appears, you’ll see the details you earlier provided. Proceed to confirm the deposit if all the details you provided were accurate.
How to Use Netteller Without Restrictions in Nigeria
Before we tell you how to secure your Neteller and remove any restrictions, let’s briefly outline how to open a Neteller account in Nigeria.
How to Open Neteller Account in Nigeria
It is free and easy to open an account with Neteller. It takes a little over a minute to complete the registration. Follow these steps to open an account with Neteller:
- Visit https://member.neteller.com/wallet/account/sign-up?locale=en&btag=a_79337b_332c_&program=NTAFFILIATE
- Fill in your personal information including your first name, last name, country, email address and phone number
- A code would be sent to your phone number. Use the code sent to your number to complete your registration
The link provided above is a Baxity link (a recognized Neteller affiliate). Signing up through the link has some benefits over the normal registration route. Keep on reading to find out.
How to Verify Neteller Account in Nigeria
To be able to enjoy your Neteller account without restrictions, you must verify your account. As we mentioned earlier, registering via Baxity is advantageous, one of which is that you would not need to deposit $5 for verification that registering through the regular route demands.
The verification process involves address and identity verification. ID verification and address verification on Neteller would be addressed shortly.
To verify your ID during the Neteller verification exercise you’ll need to have your current phone number and a valid means of identification. Log in to your Neteller account, go to ‘Settings’ and select the ‘Verification’ option. Then, click on ‘Verify’ and follow through with uploading the front and back of your government-issued identity card and a selfie photo of your face.
The next step of the verification involves verifying where you live. To do this, you’ll need the following documents:
- Utility bill (e.g electricity bill and water bill)
- The original statement from your bank
- A signed and stamped letter or electronically generated document from your bank confirming your account with them, your residential address, and full name.
These documents must be no more than 3 months to be eligible to be used for the verification process.
After the verification process has been completed, you’ll get an email notification from Neteller. Signing up through the Baxity link makes the verification duration to be 24 hours instead of the 2 days that registering through the regular process demands. Also, you’d get instant access to VIP Bronze PRO upon verification since you registered through the Baxity link. The VIP Bronze PRO status grants you lower conversion Neteller fees and higher ATM withdrawal limits.
What are Neteller Transaction Fees?
As an active Neteller account user, you can deposit, withdraw or transfer funds to other Neteller users for free, regardless of how you signed up.
Neteller, like other e-wallets, makes profits through the commissions charged to customers, varying based on the country of residence of the user.
Below are Neteller transaction fees:
- Fund deposits – 0-5%
- Online purchases through Neteller are free
- Fund withdrawals to the bank account are $10 for each transaction
- International money transfers are charged at 1.45 percent of the amount
- Neteller transactions involving currency conversions are charged at 4.49 percent of the amount for the FX processing fee and to protect against exchange rate fluctuations.