Neteller Net+ Prepaid Mastercard review

A transfer from the prepaid account costs 2.99%, min USD 0.50, and the exchange rate margin of up to 4.99% applies to the converted amount, so the cost rises with what you send. Across money transfer brands the median exchange rate margin is 0.53%.

Delivery is Instant, with 22 currencies covered. Money can land in a bank account, another wallet or a card, and each send is charged at 2.99%, min USD 0.50, so frequent small payments add up faster than one larger payment.

The prepaid account is authorised by the Central Bank of Ireland under licence C184986, and the same regulator lists the business as a crypto-asset service provider. Canadian business sits under FINTRAC with licence M20386935, so a transfer can be traced to a named licensee in either market.

Payouts go to a bank account, a wallet or a card through bank, wallet and card. The account covers 22 currencies, so the payout currency and the sending currency are worth checking before the transfer is set up.

Support runs on chat, phone and help centre, which means a call or a live chat as well as written answers. Payouts are made through bank, wallet and card, so keeping the destination details handy helps when you raise a transfer question.

It fits people who receive income in one of 22 currencies and then spend from a prepaid Mastercard rather than hold a bank balance. Business is the largest audience among money transfer brands at 63.8%, which matches the payout options.

The prepaid account is run by Paysafe Payment Solutions Limited, based in Ireland, and the brand has been moving money since 1999. The wallet covers 22 currencies, with delivery Instant to bank, wallet and card.

The transfer fee of 2.99%, min USD 0.50 carries its own minimum, so very small payments cost more in percentage terms. Across money transfer brands the median minimum deposit is €0.11, and the median monthly fee is €0.