Neteller is making some changes to their terms and conditions which will come into effect on 14th December 2017.

Here is the summary of the changes for you:
The fee charged for the Money Transfer option will be 1.45%, with a minimum Money Transfer Fee of $0.50 (USD) and no maximum fee.

That means even if you send 5 USD in a transaction, you pay 0.5 USD in fees.
If you send 5,000 USD per transaction, you pay 72.5 USD in fees. There will no longer be such thing as a fee capped at a maximum of 20 USD.


VIP Fees
Bronze Level VIP's – the changes to the Money Transfer Fee as stated above shall also apply to Bronze Level VIP Members.

Silver, Gold, Platinum & Diamond VIP's - Money Transfer Fee remains free.

To become a VIP of Neteller, you need to spend regularly in their merchants websites.


NB: Your continued use of Neteller services after 14th December 2017 will be taken as your acceptance of the above changes. Please get in contact with NETELLER if you need further information.


To see our current rates, please visit www..com.ng

To fund and withdraw with Neteller, please visit: www.instantforex.com.ng

I think this is a welcome development - lower fees. However, it's VIPs that benefit the most.