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Can we transfer money from Neteller to Indian bank account?

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Can we transfer money from Neteller to Indian bank account?

Yes, using Neteller is legal in India as a medium of funds transfer. There is no Indian law that restricts the use of Neteller as a channel to receive or transfer funds. Banks in India will readily transfer to your Neteller account in 1-3 business working days as long as it’s not for gambling purposes.

Can we transfer money from one wallet to another?

Currently, customers can transfer money from a wallet to another if both are on the same platform. While money can be transferred from one wallet to another on a different platform, it normally takes place through Unified Payments Interface (UPI) where the wallet is linked to a bank account.

Can we transfer money to Paytm wallet?

Log into your Paytm account and click on ‘Paytm Wallet’ icon towards the top right of the page. Enter the amount you want to add and click on ‘Add Money’ You can choose to add money via Credit/Debit card, Net Banking or UPI.

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What can I do with Neteller money?

Money in a Neteller account can be used to pay merchants, sent to other customers of the service, or spent at any retailer that accepts MasterCard using the Neteller prepaid card that is a part of the account.

How much can I withdraw from NETELLER in India?

Bank transfers take 2 to 3 days. As in credit cards, it is advisable to get bank accounts verified. The minimum limit per transfer is INR 1,350 and the maximum limit in 30 days is INR 18,000,000.

Can I transfer money from Paytm wallet to UPI?

You can send money from Paytm either through a wallet transfer or through the UPI payment method. Both Paytm Wallet and Paytm UPI payment, let you avoid the hassle of adding bank accounts and IFSC codes. Whereas the UPI payments happen directly between the bank accounts of the sender and the recipient.

What is the Paytm wallet limit?

You can transfer up to Rs. 20,000 per month from Paytm to your Bank Account as per the RBI regulations. This limit applies to minimum KYC (Rs. 20,000) wallet while Full KYC (Rs.

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How can I open a Neteller account in India?

How to Create a Neteller Account

  1. Visit Neteller and click the button in the top right named “Join for free”.
  2. Fill out the signup form and click the “Open account” button at the bottom.
  3. Write down your Neteller Secure ID that will appear on the next screen and confirm your account in the email you will receive.

How can I add money to Neteller from India?

We will now explain exactly how to go about it.

  1. Step 1: Open a Neteller Account. If you already have a working Neteller account you can skip to step 2.
  2. Step 2: Deposit money to your Neteller account.
  3. Step 3: Deposit on a betting site with Neteller.

How do I transfer money from Neteller to my bank account?

You will then need to sign into your NETELLER account click on ‘ money out’ and enter the micro deposit number in the relevant field. If you are having any issues on how to transfer money from Neteller to bank account, you can consult Netellers support here. Which countries can make a bank transfer withdrawal?

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Does Neteller charge commission for the first P2P transfer?

No. Deposits to merchants are completely free by Neteller’s end. If I use Neteller without VIP levels, why is there min. 30 USD commission for the first P2P transfer? This is mainly because Neteller wants to minimize the risks of bot accounts and money laundering. Please not that it’s only your first transfer that’s going to cost a bit more.

What are the fees for withdrawing funds from Neteller?

The funds that are withdrawn from Neteller to bank are sent in the currency of your registered bank account, as long as the bank account is in USD. If the Neteller account and bank account are in different currencies, there is a 3.99\% foreign exchange fee applied to the transaction.