Electronic services for working with funds continue to gain popularity not only among zoomers but also among millennials.
Transfers, payment for services, purchasing goods on the Internet, and temporary storage of funds are the main functionality of such services. If you regularly work with electronic money and are considering using Neteller or Transfer Go, this article is for you. You can also improve your foreign exchange experience by using Rates.fm to track currency exchange rates in Ukraine.
What is Neteller And Transfer Go?
Neteller is an international payment system that provides the ability to create an electronic wallet and use it to transfer funds, exchange cryptocurrencies (Bitcoin, Ethereum, etc) and make payments on the Internet. In addition to the wallet, you can order the issue of a card: electronic or plastic (but the latter is not available in Ukraine). The official regulator of Neteller is the Central Bank of Ireland. Neteller unites more than 20 million active users from 200 countries.
TransferGo is an international money transfer service that allows you to transfer funds between residents of 63 countries. The main advantage, according to the company’s founders, is transparent pricing and flexible settings when making transactions. Since 2020, the provider has officially been working with Visa and MasterCard. This made it possible for residents of 20 European countries to send transfers from any bank card or account to MasterCard cards.
Neteller vs Transfer Go: Comparison of Functionality
Obviously, these companies are different in their operating principles: Neteller is a payment system, and TransferGo is an electronic transfer provider.
Neteller is a payment system for merchants (service providers and users who often make online payments). It is especially popular among fans of gambling and sports betting. Main functions: online payment, funds transfer, digital currency exchange. To fully use Neteller, users need to undergo verification. If the service administration refuses to confirm the account, the user’s functionality will be severely limited.
Transfer Go focuses exclusively on international money transfers. The main advantages are low commissions, favorable rates for currency exchange, and high speed: delivery of funds takes no more than half an hour. The analysis shows that tariffs for transferring funds between European countries are the cheapest on the market. Users can also use the service to work with cryptocurrency through the Paxful exchange.
When is The Best Time to Choose Neteller?
The Neteller payment system is global: it covers the main regions (Europe, USA, Asia), and does not work only with sanctioned countries. The service provides basic types of services related to the circulation of electronic funds (replenishment, payments, transfers, withdrawals).
In addition, there is a well-known reward system for regular and loyal customers of the service. This allows you to receive reduced commissions or convert earned bonus points into real funds (for example, they can be used to pay for certain goods or services).
Neteller is supported by hundreds of companies operating in different industries. The e-wallet is especially popular among fans of betting, online casinos, and online games. Funds from Neteller wallets are accepted by social networks, dating sites, software sellers, educational platforms, and streaming services.
When is The Best time to Choose Transfer Go?
A large number of Transfer Go clients are migrant workers who send money they earn home. This includes assistance to families, funds for emergency needs, or regular payments (for example, mortgage payments).
TransferGo also cooperates with representatives of small and medium-sized businesses, simplifying payment processes for suppliers and employees. The TransferGo API is designed for large businesses interested in large volume transactions.
It is recommended to use the service for people interested in transferring funds to direct recipients as quickly as possible without commission or with a minimum amount of additional payment. Despite the stated wait of half an hour for a transaction to complete, in fact, most transactions are successfully completed within the first two minutes.
Neteller vs Transfer Go: Security of Your Transactions
The company that owns Neteller is an agent of the FCA (UK), which sets standards for the security and protection of user and payment data. The Neteller payment system makes it possible to set up two-factor authentication, as well as confirmation of financial transactions with a one-time personal code.
In addition, the company provides constant monitoring of accounts and immediately blocks them in case of any attempts to conduct fraudulent transactions. All payment and personal data within the system are encrypted.
TransferGo also operates in accordance with the requirements of international regulators and complies with strict financial instructions and policies: HMRC, ICO, FCA, and others. Financial transfer provider:
- cooperates exclusively with reliable, trusted banks;
- encrypts all transactions using the HTTPS standard;
- keeps client money separate from company money;
- does not transfer confidential data to third parties;
- protects user information using SSL technology;
- publishes content to educate clients on fraud protection techniques.
Neteller and TransferGo are systems that meet modern challenges and audience demands. These are convenient services that perform relevant functions. In particular, Neteller is a full-fledged payment system that provides electronic wallet services, serves individuals and businesses, and issues bank cards. Its popularity is due to its legal operation, special security measures, low tariffs, and cooperation with large gambling, gaming, and other entertainment portals.
TransferGo is the most popular platform for international money transfers. It is used mainly by migrant workers because it allows users to send funds online in a couple of minutes: from card to card, and without large commissions.
Final Thoughts
Neteller is an electronic wallet, and Transfer Go is a service for international money transfers. If you are interested in convenient online payment and quick exchange of money between online wallets, you should choose Neteller. If you need to send money to another country as quickly as possible without large commissions, then you should choose Transfer Go. Along with these or other payment solutions, you can use the Rates service, which provides tools for tracking currency (dollars, euros, etc.) exchange rates at Ukrainian financial institutions. The service is available around the clock anywhere in the world, be it New York, Oslo, or Paris.