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Webmoney vs. Neteller: Full guide plus a comparison table

When it comes to choosing a payment processor users often feel confused as there are numerous options in the market. Webmoney and Neteller are two of the most popular options in the market, but it might be hard to define which could be the ultimate choice for your financial purposes and needs. Webmoney vs. Neteller is the topic of this post in which we are going to tell you everything about the differences between these two popular systems.

 Webmoney vs. Neteller: Full guide plus a comparison table
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Here are pros and cons of each service plus a comparison table that will tell you everything you need to know before making up your mind about which of the services to choose. 

Pros and cons of Webmoney 

Webmoney is home to a large community of investors and customers who use this well-known payment provider. Users can bind the wallet of other payment resources as well as purchase products and services using Webmoney. Webmoney provides flawless security in terms of preventing significant theft or fraudulent actions. Leaving these aside, the system's multi-currency e-wallet, which enables you to establish several currency wallets, whether "Euro," "Dollar," or the Russian "Ruble," is said to be its most well-liked feature.

There are drawbacks in addition to many positive aspects for Webmoney. Unreasonable blocking of wallets is one of the service's biggest drawbacks. As a result, using the wallet is not feasible for a while. Webmoney fees are significantly higher than most other payment processors because of the economic condition in Russia, which is another main reason why many people are hesitant to use the system or swap it for other kinds of digital currency or e-money.

Pros and cons of Neteller

There are many good reasons for choosing Neteller as your payment system. One of the most important among them is that more than a hundred Forex brokers are already accepting Neteller. More than 200 countries and nations are supported by the system and accept Neteller as an e-wallet. You are charged with no fees when transferring funds inside Neteller and there is no verification needed unless you want to withdraw funds from the system. 

Deposits and withdrawals may often cost you high commissions, which will reduce by acquiring VIP membership but still considered a drawback to many. Neteller is limited for users in the United States and Canada and also banned in various other nations, including Albania, Cambodia, Canada, Hong Kong, Israel, Laos, Lebanon, Macao, Singapore, and Turkey due to financial regulations and online gambling legislation.

Webmoney vs. Neteller

Here are some of the main difference between Webmoney and Neteller:

  • Webmoney is in the list of the most famous and top 10 websites and payment services of all time. However, Neteller despite its growth is behind Webmoney in market share and popularity. 
  • Neteller is a more popular and leading option when it comes to gambling but Webmoney has better coverage in different websites and a more user-friendly appearance. 
  • Both services can be used as a payment method in a variety of countries globally and it can even be used to purchase Bitcoin, buy or trade any cryptocurrencies
  • Webmoney is active in Russia, Ukraine, United States, Belarus and 51 other countries, while Neteller is leading in most countries, including the United Kingdom, Germany, Italy, India and 84 other countries.
  • WebMoney charges a 0.8% fee, of no less than 0.01WM, for transferring funds. Neteller charges  0.50 % per transaction. 
  • Both services have been recorded with poor customer support through Email, live chat and phone, however, Neteller appears better in this case. 
  • Unlike Webmoney, Neteller does not offer an online payment gateway to its customers.
  • Last but not least, due to the economical atmosphere in Russia and the falling prices of Russian Ruble, not many online payment processors accept and offer Webmoney related services. 

Comparison table 

  Webmoney Neteller  Both
Which is more popular?  *    
which can be used to trade cryptocurrencies?     *
which charges more fees?  *    
which has poor customer support?     *
which offers an online payment gateway?  *    

What PayPax offers to both Webmoney and Neteller users?

In this article we compared and contrasted two important payment processors Webmoney and Neteller. Both systems are widely used around the world and popular among many users.

Also if you ever were in need of transferring funds from one processor to another, all you need is a reputable and secure online exchange to bring you safe and secure means of transferring money with the best and most updated rates and lowest fees.

Our recommended exchange service is PayPax. PayPax is a safe and secure foreign exchange and international payments processor with the best exchange rate for your currency and fiat exchange. The provided rates are updated based on mid-market data and will make you free of using conventional methods and poor rates. Using the exchange service you can easily:

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