21st Oct 2008 07:00
Press release
NETELLER Plc
NETELLER announces launch of the Net+™ Virtual Prepaid Card by MasterCard® and the Net+™ Prepaid Card by MasterCard®
Tuesday, 21 October 2008 - NETELLER Plc (LSE: NLR), the leading independent, global provider of online payments, is pleased to announce that it has today begun to provide Net+TM Cards to its e-wallet customers.
Through its partnership with TransSend Payment Services, NETELLER can now provide its e-wallet users with the opportunity to add Net+TM Cards to their accounts - providing increased value, security, privacy and convenience. As of today, existing NETELLER e-wallet consumers can sign up for these two new Net+ TM prepaid cards:
Net+TM Virtual Prepaid Card by MasterCard® for use online. The virtual card application generates a single use, unique 16 digit card number and populates the checkout page with full payment details for the user. The Net+™ virtual card offers the convenience of paying online (everywhere where MasterCard is accepted) from your computer combined with high level of security and privacy. The Net+ Virtual Card will be part of the NETELLER Desktop which, in addition, to offering convenient, secure and private payment via Net+, will also enable NETELLER e-wallet users to view the balance on their e-wallet account without the need to visit the main NETELLER site.
Net+TM Prepaid Card by MasterCard® , a slick looking CHIP and PIN plastic card which allows consumers to access funds within their e-wallet at points-of-sale or by withdrawing cash at ATMs. The card will be usable at 27.3 million acceptance locations, including 1.9 million ATMs and other locations where cash may be obtained.
TransSend Payment Services and NETELLER have worked together to offer these two great card products which have been integrated with NETELLER's existing platform to ensure seamless loading and withdrawal capabilities through the NETELLER e-wallet. These two products offer excellent value to the consumer (compared to many other prepaid card offerings) as well as a high level of convenience and security.
David Gagie, President of the NETELLER Group's Member Services division, said: "The launch of the Net+TM prepaid cards will provide our consumers with a more convenient and cost-effective way to withdraw cash and make purchases using the funds in their e-wallets. This launch is a key part of the Group's strategy to bring new customers to the NETELLER e-wallet and to extend the lifetime value of existing customers."
For further information contact:
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Andrew Gilchrist VP Communications, NETELLER Plc Email: [email protected] |
+ 44 (0) 1624 698 713 |
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Citigate Dewe Rogerson Sarah Gestetner / George Cazenove |
+ 44 (0) 207 638 9571 |
|
Daniel Stewart & Co Plc Paul Shackleton |
+ 44 (0) 207 776 6550 |
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Notes to Editors
The NETELLER Group
Trusted by consumers and merchants in over 160 countries to move and manage billions of dollars each year, the NETELLER Group operates the world's leading independent online payments business. Through its NETELLER, NETBANX, and 1-PAY and Net+ brands, the Group specialises in providing innovative and instant payment services where money transfer is difficult or risky due to identity, trust, currency exchange, or distance. Being independent has allowed the Group to support thousands of retailers and merchants in many geographies and across multiple industries.
NETELLER Plc is quoted on the London Stock Exchange's AIM market, with a ticker symbol of NLR. NETELLER (UK) Limited is authorised by the Financial Services Authority (FSA) to operate as a regulated e-money issuer. For more information about the Group visit www.netellergroup.com or contact us by email at [email protected].
The Group is currently in the process of changing its name to NEOVIA Financial Plc. For more information see http://www.neteller-group.com/doorway/neovianamechange.html.
Summary of Charges
Net+ Prepaid Card by MasterCard
|
Point of Sale transaction |
Free |
Free |
Free |
Free |
Free |
Free |
Free |
Free |
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|
ATM withdrawal globally per transaction |
3 |
6 |
4 |
6 |
40 |
30 |
6 |
650 |
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|
Foreign Exchange (ATM/POS) |
2.95% |
2.95% |
2.95% |
2.95% |
2.95% |
2.95% |
2.95% |
2.95% |
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|
Dormancy Fee 1 |
1.5 |
3 |
2 |
3 |
20 |
15 |
3 |
325 |
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|
Card/PIN replacement |
10 |
20 |
15 |
20 |
130 |
100 |
20 |
2000 |
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|
Investigation fee |
10 |
20 |
15 |
20 |
130 |
100 |
20 |
2000 |
|||||||
|
Subject Access Request |
10 |
20 |
15 |
20 |
130 |
100 |
20 |
2000 |
|||||||
|
Card Cancellation |
10 |
20 |
15 |
20 |
130 |
100 |
20 |
2000 |
|||||||
|
Admin. Fee 2 |
10 |
20 |
15 |
20 |
130 |
100 |
20 |
2000 |
|||||||
|
1. Only payable if card is not used in any given month |
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2. Admin. Fee per event covers lost cards, incorrect chargebacks etc (Courier costs extra). |
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Notes
All card charges/fees will be charged in the currency of the online account, regardless of the currency of the card. Transactions in a currency other than that of your card will incur a FX fee. If you have chosen a card in a currency different to your online account, you will also be charged an FX fee against the withdrawal or credit of funds to the card. Any or all of these fees/charges may be waived or reduced at NETELLER's discretion. Our fees and charges are variable, changes to these fees will be notified via the website www.netpluscards.com.
The source of these fees is the online account. See the website for the full terms and conditions www.netpluscards.com.
The Net+ Prepaid Card and Net+ Virtual Card are both issued by Conister Trust Ltd, pursuant to licence by MasterCard International.
Related Shares:
Paysafe Group