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Fast Recovery From Neteller On Card Issue
New pre-paid rolls out end May and could be better
than its predecessor
The Isle of Man-based e-wallet Neteller seems to have bounced back
remarkably quickly from the sudden withdrawal of the Cirrus Maestro
network, which forced the e-wallet to put a hold on the use of the
Neteller Card (see previous InfoPowa report).
Within a matter of days, Neteller has put together a replacement,
advising customers that the first of a new suite of prepaid, reloadable
debit and remittance cards for its customers in Europe and Asia
Pacific would be ready for despatch by the end of this (May) month.
The first of these products, a new prepaid card, is tied to a customer’s
Neteller e-wallet account, and can be used at over 24 million ATMs
and Point-of-Sale (PoS) terminals worldwide.
The good news is that most of the charges levied are lower than
before.
“The ability for our customers to access and use funds from
their e-wallets at over 24 million online and offline outlets worldwide
is very important to both them and us.” said Ron Martin, Neteller
President and CEO. “As we continue to grow our business in
Europe and Asia Pacific, we believe this new prepaid debit programme
will allow us to open up new areas of business.”
The new prepaid card replaces the existing Neteller Card, frozen
by the Cirrus Maestro withdrawal. The new card will offer customers
more flexibility and significantly lower pricing than the previous
card.
Benefits of the new pre-paid card are:
* Re-loadable directly from the client's Neteller e-wallet account
and in the same currency, therefore saving on foreign exchange fees
* Can be used at over 24 million MasterCard ATM, point-of-sale
retail, and internet sites worldwide
* Significantly better pricing than previous Neteller Card
* Available in all countries serviced by Neteller in same currency
as the e-wallet account, except Canada and the US.
Importantly the new card will be available in multiple currencies
and is tied to the customer’s e-wallet account, saving the
consumer foreign exchange fees. Neteller expects the new prepaid
card to be available to customers by the end of May 2007.
Customers will be notified as soon as the new cards are ready,
but in the meantime Neteller is urging users to sign into their
accounts, select the "Options" tab and then check that
their addresses have not changed.
Additional information and pricing on the new prepaid cards may
be found on Neteller's website at http://web.neteller.com/content/en/a...eller_card.htm.
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