Depositing at IQ Option via bank slip and credit card is the most common option among traders. However, there are e-wallet options, such as Neteller, with which you can both deposit and withdraw. But are they reliable and do they work as well as traditional payment methods?
You may have come across Neteller both on IQ Option and on other sites where payment methods are available. Because it’s not a popular company in Brazil, many people don’t understand what it does and what it has to do with companies like IQ Option, which is why many ask the question: what is Neteller?
As usual, in this article we’ll explain what Neteller is in the context of binary options and IQ Option. But we’ll also go a little further because we believe it makes sense to use the services of these companies for more than one purpose.
Don’t understand? Don’t worry, follow along with us to get a definitive understanding of how Neteller works and what it is.
What is Neteller?
Neteller is an online e-wallet for international money transactions. Through it you can send and receive payments from almost any country in the world. In other words, you can send and receive IQ Option payments via Neteller.
“Okay, that sounds interesting, but why use Neteller if I can pay by boleto bancário or credit card?”
The question above is quite pertinent and makes a lot of sense, after all, why would it make sense to use a tool that in principle isn’t necessary, since there are already other features that do what it does.
Why use Neteller at IQ Option?
One of the main reasons for creating a Neteller account to use on IQ Option is because of the speed of payments. Bank slips can take a few days to clear and land in your IQ Option account.
What’s more, if you can’t pay online, it can be even more time-consuming and inconvenient to go to a lottery office or other place that accepts payment. Not to mention the possible queues, travel and related expenses. It goes without saying that professional traders don’t waste their time on this kind of thing.
It’s not that we don’t like boleto bancário, but solutions like Neteller make a trader’s life easier, because their solutions also involve being able to receive money and make payments on more and more sites, whether they are in the financial market or not. And of course, with the option of paying and receiving in foreign currencies, which can be a bit expensive using your conventional credit card.
How does Neteller withdrawal work at IQ Option?
Another great advantage of Neteller, which unfortunately isn’t available in Brazil at the moment, is the prepaid card, which you can use to make purchases physically or online, using your own e-wallet balance.
Even without the prepaid card, we still find Neteller a good option for payments and withdrawals on IQ Option.
Speaking of withdrawals, it’s also important to explain how it works if you want to withdraw from your Neteller account to your bank account. Yes, you can link your Neteller account to your credit cards and bank account, both for sending and receiving funds.
To withdraw from your Neteller account to the bank, the timeframe is usually 1 to 2 working days, which can even be a little faster than withdrawing from IQ Option itself to a bank account. Not bad, huh?
Another advantage is that you can also make Neteller withdrawals from ATMs around the world, which is an excellent option if you’re used to traveling. Taking into account the costs of exchange offices, it can be a good and practical option for paying your travel expenses.
How much does Neteller cost at IQ Option?
Well, like any payment platform, there is a cost to be paid for the convenience offered. For deposits, Neteller charges a fee of 2.5% of the amount deposited.
In Brazil, you can fund your Neteller account using common payment methods such as boleto bancário, Visa and MasterCard credit cards. As well as transfers made from the main local banks.
To transfer receipts to a bank account, the fee is 1.45%, and you can transfer amounts as small as 50 cents. Recently, Neteller also made it possible to buy and sell cryptocurrencies through it and has very attractive rates for this segment, we recommend checking it out if you are interested.
Returning to our focus, we would like to stress that there are no charges for payments made to sites such as IQ Option.
What else do you need to know about Neteller?
As with IQ Option and other platforms that involve financial transactions, it is necessary to verify your account for security reasons. Neteller is no different and you will have low limits if you don’t verify your account, with the risk of it being frozen.
Another important thing you should know is that there is a monthly charge of 5 dollars if you become inactive. To avoid this, you only need to make one transaction a year, ok?
Is Neteller at IQ Option worth it?
Our aim is always to be as straightforward as possible, but in this case the best answer is: it depends.
Neteller is a tool that offers a lot of convenience and in this respect we highly recommend it. However, there are costs involved and you need to compare them with others and also take your profile into account.
If you’re someone who makes a lot of online payments, especially in dollars, Neteller is very likely to be a suitable tool and one that ultimately offers good value for money.
Try to take into account the websites and platforms you use and need to pay, and see how many of them accept Neteller as a payment and receipt method. If there are a considerable number of them, it’s probably a good idea to use Neteller on IQ Option and other platforms.
After reading this article, you can learn how to use Neteller with a demo account on the IQ Option platform, and get to know the most interesting trading strategies.
