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15 Best NETELLER Alternatives

NETELLER is an online wallet where people manage their money by linking their bank accounts. It is used in transferring money from one country to another country. One of the prominent benefits is that its payment services allow you to send money to those places where credit and debit cards are not working.

The users also utilize the money deposited through this service for online shopping to purchase various products. It includes the features of a personal spending account, strong fraud protection, safer encryption, Prepaid MasterCard, and many more.

By using it, users will be able to receive the amount into their bank accounts, and it can be withdrawn from the ATMs as well. To become a part of this, users simply have to create an account by adding their personal details along with their credit card details.

Why Users want NETELLER alternatives?

Although NETELLER is really beneficial in transferring money from one country to another country, it is used for online shopping. It saves a lot of time by doing all the transactions online through mobile phone, and no fee will be deducted in transferring the amount between two NETELLER accounts.

Along with the advantages, some shortfalls also exist as its services are limited to the United States and Canada. It also applies a low-interest rate on the remaining balance, and it includes some security issues as well as other secure alternatives.

15 Best NETELLER Alternatives

Given below are the alternatives of NETELLER. It has many advantages as it is helpful for many Forex brokers to transfer funds from one process to another. It includes the features of a personal spending account, strong fraud protection, safer encryption, Prepaid MasterCard, and many more.

In regard to these best functionalities, the following NETELLER alternatives are selected and explained thoroughly, along with their structure and working techniques. An explicit comparison is also provided, which helps the audience choose the best possible NETELLER alternative.

1. PayPal

PayPal is the online payment solution that provides the solutions of money transferring on an individual basis and is considered one of the most extensive and securest online payment methods. It offers the facility of online shopping and trading around the world as well.

It is commonly used by web-based retailers and service providers and is now officially recognized as an online mode of payment. It is famous because of the fastest, safest, and securest money transfer method. It also offers currency exchange into the dollar and even supports crypto platforms.

Transferring the amount from PayPal to PayPal account involves no cost in the United States and Canada, while in other countries, 3% transaction charges will be charged. Its transaction charges will vary from country to country, and their payment charges schedule is available on the website of PayPal.

Features

  • Optimized for Mobile
  • Payment Processing
  • Security Focused
  • Online Banking
  • Money Transfer
  • Payment Gateway Integration

Pros

  • Outstanding Support
  • Extremely Secured
  • Great in Creating Invoices
  • Quicker Transaction

Cons

  • 3% Transaction Charges
  • Limited Services in Countries
  • Takes 4-7 Days to Deposit

2. Skrill

Skrill is the online payment gateway that allows businesses to deal with their customers more efficiently by eliminating the worries of late payments. It offers its services from international money payment to online shopping and also in trading and betting.

It provides an excellent means of transferring money at the international level by automatically applying local legislation rules. By using these platforms, users will be able to take control of all online payments through a simple and easy-to-use account.

To use this service, simply make an account on their website along with their personal information, including the credit card and ATM detail. It charges only a 1% transaction fee. Its typical customers are Small businesses, Medium Businesses, and Large Enterprises.

Features

  • Credit Card Transaction
  • Email Transactions
  • Fast Access
  • Free Account
  • Data Integration

Pros

  • User-Friendly Interface
  • Easy to Use
  • Secured Transferring
  • Good Exchange Rate

Cons

  • Prepaid Card Issues
  • Deposit Issues in Some Websites
  • Visa Card Problems
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3. Xoom

Xoom is the online payment solution that works under the supervision of PayPal. It offers safe and secure money transferring and is helpful in saving a lot of money transfer charges. In this platform, money transferring take place in four steps.

Firstly, request for payment by providing the email ID of the recipient. After confirming the email address, the user will start the money transfer process. It is not as famous as PayPal at the international level because of its limited service and brand acquisition.

It is best for the Asian countries and send money in three easy ways. Send money directly to bank account and send cash for pickup to thousand of location partners. Lastly, send money directly to the recipient’s door. It uses 128-bit data security encryption and is as secure as PayPal.

Features

  • Exchange Rate Type
  • Money Transfer
  • Currency Conversion

Pros

  • User-Friendly Interface
  • Easy to Use
  • Available in 66 Countries
  • Fewer Transaction Charges

Cons

  • Minimum Withdraw 10$
  • Difficult Verification Process
  • Foreign Exchange Conversion
  • Online Send Money

4. Transfast

Transfast is a reliable source of transferring money to anyone living abroad. It sends cash quickly at the best-guaranteed exchange rate and low service charges. It supports the desktop and mobile operating systems of Android and iOS. It offers its services to fewer developing countries, and there is no hard and fast rule for money transfer.

Its services are limited to one thirty countries of the world. It involves simple processes to send money. For this purpose, select the country first and then type the amount to be transferred. It includes minimum conversion charges, and money can be transferred through credit cards and bank accounts.

Features

  • Loan Repayment
  • Freelancers and Contractors Payments
  • Repatriation of Income
  • Tuition Payment

Pros

  • Low Transfer Fee
  • Locked-in Exchange Rates
  • Wide Transfer Payout Options
  • Good Customer Support

Cons

  • Low Transaction Limit
  • Issues in Login
  • Problems in FastTrack Packages

5. Google Wallet

Google Wallet is a money transfer application that offers the mobile support of Android and iOS. It is readily available on the Google Play Store and is currently available in India. It has a minimalistic user interface that offers direct money transfer from one bank account to another.

It offers the fastest money transfer services because of its innovative idea of providing users with a raffle on each transaction. Raffles are the swipe cards that are applicable on each transaction. These swipe cards include different packages like cash rewards etc.

It has the ability to protect its members from online fraud and scams and is also helpful in MasterCard Protection. It provides fast, secure, and beneficial money transfer services. Its loyal customers are Small businesses, Mid-size businesses, and Large Enterprises.

Features

  • Sending and Receiving Money
  • Instant Spending
  • Low balance Alerts
  • Regular Notifications

Pros

  • Fraud Protection
  • Data Encryption
  • Secure and Reliable
  • Easy to Setup
  • Application Improvement

Cons

  • Includes Minor Glitches
  • Issues in Fraud Checking
  • Security Issues

6. Square

Square is a financial service company that allows its users to buy, sell and send money using any Apple or Android mobile device. It also provides different credit card processing services with business solutions. It offers various options for any particular business.

It offers its services in food and beverage, retail, beauty professionals, professional services, and repair services. It includes the features of a mobile credit card reader, POS stand, insightful sales reporting, and custom gift cards, etc.

It ensures secured encryption and minimizes payment risks. It creates reliable payment solutions along with their combined hardware. It also uses the Square Point of Sale (POS) app that helps it to keep track of all the sales and includes faster checkout.

Features

  • Tracking Real-Time Sales
  • Tax Preparation
  • Easy Modifiers
  • Support Worldwide Currencies
  • Record Full Refund
  • Updates in Dashboard

Pros

  • Available Free
  • Easy to Use
  • Interoperability with Google Calendar
  • Schedule Appointment Facility

Cons

  • Boring Interface
  • Issues in Templates
  • Limited Free Version

7. Stripe

Stripe is a renowned online system that allows its users to accept mobile payments along with optimized checkout for any device. It includes a robust and clean API that is designed for developers, checkouts, mobile payments, coupons, and many more.

It offers its services in 36 countries along with full-stack services. It is helpful in account management, migration assistance, and dedicated support, etc. It includes the features of Recurring Billing, Accounting Integrations, Flexible Billing Periods, and Multi-Currency Support.

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For security purposes, it requires two-factor authentication and accounting integrations. It offers severe products and payment processes tools to protect all transactions. It provides the mobile support of Android and iOS.

Features

  • Team Control
  • Data and Reporting
  • Work Globally
  • Custom Flow for Seller
  • Third-Party Ecosystem
  • Recurring Billing

Pros

  • Process Payments
  • Integration with Kajabi Accounts
  • Cancel Monthly Charges
  • Secure Transaction
  • Consistent Services

Cons

  • Issues in Item Recording
  • Poor Customer Service
  • Tricky Recurring Donations
  • Confusing Interface

8. eBanx

eBanx is an integrated international financial services company that offers end-to-end payment solutions across the transaction flow of entire ecommerce. It is an all-in-one online payment solution that offers a localized payment gateway in Latin America in order to sell the products online.

It supports all the e-commerce like Amazon, eBay, and Walmart stores worldwide in order to expand their businesses and become successful in the Latin American market. It supports the integration for Shopify, WooCommerse, Magento, and many more.

Its loyal customers are Small businesses, Mid-Size businesses, and large enterprises. It provides the services of Payment Processing, Recurring Payments, Billing, Payouts, and many more. It supports the operating system of Windows and Mac.

Features

  • Merchant Services
  • Market Intelligence
  • Flexible Integration
  • Payment Processes

Pros

  • High Stability
  • Front-End Interface
  • Collect B2B Payments
  • Easy to Use

Cons

  • Poor Customer Service
  • Security Issues
  • Delay Payment

9. Alipay

Alipay is another third-party payment solution along with the cross-border website and cross-border mobile payments. Cross-border website payment helps in providing instant payment solutions. Its typical customers are Small businesses, Mid-Size Businesses, and Large Enterprises.

For customer satisfaction, it allows three month refund period for buyers. It provides different digital payment services along with document storage options and QR-based payment technologies. It includes the features of Frictionless, Accessibility, Growth, and Opportunities, etc.

It supports API access integration and provides its support online. It is embedded into an application with the help of SDK, and users will be able to pay easily and securely. It is also helpful to use this system along with the QR code scan and barcode-based system.

Features

  • Mobile Payment
  • Gift Card Management
  • Saved Cards
  • Website Payment
  • Invoice Payment
  • POS Transactions

Pros

  • Secure Payment Services
  • Simple QR Code Scan
  • User-Friendly Interface
  • Convenient to Use

Cons

  • Issues in Integration
  • Limited Features
  • Paid Subscription

10. Accept

Accept is the payment processing Service Company that helps businesses to accept money through cards, online wallets, and personalized invoices with ease. It helps the companies by keeping a record of all the payments collected from the users and arranging them according to the customers’ preferences.

It includes PCI certification in order to ensure the protection of customer payments. It helps increase the business’s revenue and get satisfaction from the customers with their payment processes. It helps physical store setups and helps sell the stuff online.

Features

  • PCI Certification
  • Expand Global Trade
  • Activity Dashboard
  • Payment Preference

Pros

  • Accept Money Online
  • Keep Track of Payment
  • Increased Revenue
  • Customer Satisfaction

Cons

  • Issues in Customization
  • Limited in Some Countries
  • Problems in Standalone Checkouts

11. Webmoney

Webmoney Transfer is the global settlement system that allows users to easily do personal and business transactions. It helps its users pay bills, withdraw money, get loans, and many more. It allows its users to accept payments, make payments, manage the budget, work, etc.

It includes 40 million customers worldwide and offers money transfers in multiple forms like p2ps and many more. It offers tons of services like fundraising, payments, withdrawal, bank cards, and many more for personal use. It also helps in internal operations like purse management, verification, and bank cards.

Features

  • Bills Payment
  • Accept Payments
  • Work Management
  • Secure Transaction
  • Capital Management

Pros

  • Multi-Currency
  • High Level of Security
  • Supports Offline Payment
  • Budget Management
  • Raise Funds

Cons

  • Blocking of Wallet Issue
  • Problems in HYIP Projects
  • Poor Customer Support

12. PayU

PayU is an alternative to NETELLER that provides fast and straightforward payment processes for merchants and buyers. It is available in three types PayU for Consumer, PayU for Business, and PayU for Developers. It offers multiple payment option to new e-commerce businesses.

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It focuses on the functionalities of tokenization, recurring payments, mobile integration, fraud management, and many more. It is an affordable, easy-to-use, and industry-leading platform that can easily be integrated with different scales of businesses for the smooth operation of transferring payments.

It has the ability to receive payments in multiple international currencies and is able to mitigate the risks of cyber-attacks. Its typical customers are Small Businesses, Mid-Size Businesses, and Large Enterprises. It offers its training in the form of documentation and lives online.

Features

  • Risk Management
  • IVR Payment
  • Real-Time Reports
  • Transaction Analysis
  • Multi-Currency Gateway

Pros

  • Email Invoicing
  • Supports Net Banking
  • Dynamic Switching

Cons

  • No API Integration
  • Confusing Interface
  • Crashed Sometimes
  • Issues in Transactions

13. Adyen

Adyen is an online payment processing platform designed for businesses of any size to accept payments in different formats across online, in-app, and in-store channels. It includes the services of Payment Processing, Point of Sale, e-commerce, and mobile credit card processing.

It helps detect fraud and receive alerts about risks by using Ayden’s Revenue Protect fraud detecting module. Its loyal customers are Small businesses, Mid-Size Businesses, and Large Enterprises. It supports the desktop and mobile platforms of Android and iOS.

Features

  • Third-Party Integration
  • Customizable Branding
  • Reporting and Analytics
  • Compliance Management
  • Multi-Currency
  • Credit Card processing

Pros

  • Support Multiple Payments Transactions
  • User-Friendly Interface
  • Easy Transactions
  • Supports International Currencies

Cons

  • Issues in Fraud Detection Module
  • Not Convenient to Use
  • Limited Features
  • Problems in Integrations

14. Lydia

Lydia is the new-age payment processing platform that is used to manage all the money easily by using a single app. It offers a mobile payment solution that starts its payment through QR code, email, and directly from money exchange with the help of credit cards.

It includes all the money management services and helps monitor all the bank accounts. It allows its users to create online money pots and is used to generate virtual cards. It includes the features of Payment processing, Google pay, Management pay, and Apple pay.

By using this platform, users will be able to make direct payments through bank accounts, and even they are able to send money to friends through emails and chats. It helps to eliminate the use of carrying a wallet loaded with money.

Features

  • Payment Processing
  • Google Pay Integration
  • Management Pay
  • Apple Pay

Pros

  • Eliminate Google Wallet Reliance
  • Supports Mobile Payment
  • Internet Cards
  • Shared Accounts

Cons

  • No Fraud Detection Module
  • Risk to Use
  • Limited Integration

15. Converge

Converge is the online payment processing platform that allows users to accept payments in multiple formats like e-commerce, in-store, mobile, and phone. It supports payment processes of more than one million merchants across 60+ countries. It offers transaction services in Virtual Terminal, Converges mobile app, and Converge API.

It has a secure and encrypted interface and is helpful to use a card reader, online wallet, and PIN pads in order to accept and exchange payments. Converge API helps integrate payment gateways into their POS platforms, and a DEMO account is used to understand the entire processing.

Features

  • Enhanced Security
  • User Permission Management
  • SSL Encryption
  • Tokenized Transaction
  • Customizable Payment Screens

Pros

  • Flexible Payment
  • Easy to Use
  • Security Protocols
  • Data Encryption
  • Messaged Payment

Cons

  • No Free Trial
  • Issues in Payment
  • Poor Customer Support

Conclusion

NETELLER is an online wallet where people manage their money with the help of their bank accounts. It is also used in transferring money from one country to another country. It has many advantages as it allows online shopping and saves a lot of time by doing all the transactions online through mobile phone.

Along with the advantages, some shortfalls also exist as its services are limited to the United States and Canada. It also applies a low-interest rate on the remaining balance, and it includes some security issues as well rather than other alternatives.

To overcome such issues, many of the alternatives are available in the market to facilitate the users. Some of the best replacements are discussed here along with their features, merits and demrits. After discussing the article, it is concluded that PayPal and Skrill are best to use because of their quick and secure transaction processes.