Net teller has recently joined together with Paypal and FirePay as a new possible option for online payments. A Neteller account, as with any other online service account, is used for online transactions. However, Net-teller's work dynamics run a bit differently. Net-teller provides a InstaCash system for its U.S. residents which is linked to a personal bank account, Net-tellers corporate bankaccount, Visa or MasterCard, an electronic fund raiser and the Fcash.com online cash transfer system. For international customers only credit cards or direct cash deposits are permissible. It sounds too good to be true. There are some drawbacks that can be found only in "fine print" by clicking on the log -in section of the site. One would expect that a company trying to establish a credible line and trustworthy reputation would be honest and straightforward with what is really involved and not resort to this "fine-line" strategy. Anyway,expect two to four business days for electronic fund transfers from a personal bank account, and anticipate receiving a service fee for any credit card transactions. Also, withdrawal options are limited. Credit Card withdrawals are based on the amount of cash deposited. For example, if you won $500, you would only be allowed to withdraw $100. Using the Electronic fund transfer option will take one to two days, and there is a $25 fee for checks delivered by FedEx. Regular mail is free of charge.
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