While Skrill Still remains the most viable option to make deposit in Olymp Trade, reviewing other payment options don’t pain. That’s why we gave a guide on how to fund your account with Visa (even after doing Skrill-Mpesa). And today we yet review Neteller as another finer alternative to MasterCard, Webmoney, Qiwi, Yandex, Fastpay and Bitcoin.
To begin with;
Register for a Neteller Account
The process is very simple. Just enter your first name > second name > email address > password then click on the green register button to create an account.
After registration, fund your account.
There are very many viable payment methods that you can use. One is VISA, the other Mpesa, MasterCard and more. But in this guide we will only review VISA-Neteller and Mpesa-Netteller deposit Options.
And note that if you are in either of these countries, Neteller does not provide service in your area. So it helps if you use Skill or PayPal as an alternative.
Neteller Banned Countries
- Afghanistan - Benin - Bonaire - Burundi - Central African Republic
- Chad - Congo (Republic) - Crimea - Cuba - Djibouti
- Equatorial Guinea - Eritrea - Gabon
- Kyrgyzstan - Lao People's Democratic Republic - Liberia
- Norfolk Island
- North Korea
- Papua New Guinea
- Saint Barthelemy
- Saint Kitts and
- Saint Martin
- Sint Maarten
- Sierra Leone
- Sudan (North and South)
- Western Sahara
- United States of America
How Can I Send Money to Neteller?
Click on the money in deposit button in your account to view the available payment options in your country. While Kenyans only have the options of Visa Electron, Visa Debit, Visa Credit, Bitcoin Skrill and bank Transfer; UK residents have Ukash, MasterCard, Visas and many other wallets.
This difference varies by country and by the cheapest deposit options available. To a wider scope, some wallets even allow free deposit (0% commission)
Chose your deposit method – for Kenya I chose VISA but the processes aren’t different – so you should just be on the right track.
Fill all the fields with your VISA card details then click the continue button at the bottom.
Your request will be processed then you will be redirected to a new page to confirm the deposit details.
If all the details are correct, click on the continue button at the bottom of the page for the final step. Transactions that go through result to your account getting credited immediately.
Note that the least amount you can deposit into a Netteller account is $5 – Max – $150 at a standard processing percentage of 2.5%.
How Can I Send Money To Neteller From Mpesa?
There is no direct way to send money from Mpesa to Neteler. Therefore you will use third party systems to perform this action.
One such company which aids in Mpesa-Netteler transfers is Eastpesa.
Note that you can not use this service if you don’t already have an account with EastPesa which supports transactions from MTN, Safaricom, Airtel and Tigo in East African Countries.
Create your account on www.eastpesa.com
During registration Eastpesa requires that you use a Valid phone number and a valid email address. Reason being, these two are used to ensure your transaction goes through.
Visit EastPesa Rate-checker to see if it’s worth using the service. I find it too expensive though!
If your VISA card works with Olymp Trade Better use it. It’s cheaper.
If it is worth it, select your service as Mpesa-Netteller. The EastPesa system will automatically show you how much to expect in your Neteller account.
Now go to Mpesa Menu and select paybill. Enter Eastpesa playbill number – 640057
Use your EastPesa system generated account number e.g – NTL543 > enter the amount you wish to transfer > enter your pin then send the payment.
Your funds will reflect immediately (if you use the same number which you used for deposit to make the transaction)
How to Deposit to Olymp Trade Using Neteller
Having shown you these two easy options of funding a Neteller account; I’ll assume that you picked one, made a deposit to Netteller and are now ready to deposit Olymp Trade and begin to make money.
The first step is to select Netteler as your preferred payment method. (Note that you can only withdraw to the same wallet you used for deposit)
The second step is to select the amount you want to deposit. Note that Olymp Trade minimum deposit is $10. However, you can deposit anything above $30 to take advantage of the deposit bonus which goes up to 50% ($2,500).
Now click deposit to be redirected to a new page.
Enter your email address as your user profile then click deposit
You will be redirected to a new page to complete the process. Your account number is your email address. Now enter your Netteller secure ID and click pay.
Your funds will reflect in minutes.
Do you want to start earning from Olymp Trade?