Neteller VIP vs Skrill VIP
If you use e-wallets and have a larger than average cash flow, then you probably already know that those little costs add up and constantly eat into your profit margins.
Not only that, but unless you are using the VIP programs offered by some of the most popular e-wallets on the web, you could potentially be missing out on a lot more than just cost savings.
Neteller and Skrill both have VIP programs for those dealing in higher volumes of cash. If you deposit and withdraw a lot at online casinos, perhaps qualifying as a high roller, then this review of the features of both should be of interest to you.
Don’t assume because Neteller and Skrill are now owned and operated by the same company that the VIP programs are the same. As you will see, there are significant differences between the VIP offers of both brands.
Which is better? First, let’s take a look at them individually.
Neteller VIP Program
We will begin by covering the details of the Neteller VIP program. We will look both at what you need to qualify as a VIP, and what you stand to gain.
The first thing to understand is that there are different levels within the Neteller VIP program itself. The lowest level is bronze, for which you will need to be moving $10,000 USD or more (or the equivalent in your currency) annually, and the highest level is diamond, for players who move $2,000,000 or more per year. Let’s take a look at these levels one by one.
| Bronze ($10k) | Silver ($50k) | Gold (100k) | Platinum ($500k) | Diamond ($2m) | |
| ATM Limit | $1000 | $1000 | $3,300 | $3,300 | $3,300 |
| VIP Points | 1000 annually | 9000 annually | 10,000 annually | 20,000 annually | 50,000 annually |
| Point/$ Exchange | 1/$1 | 1/$1 | 1/$1 | 1.25/$1 | 1.50/$1 |
| FX Rates | 3.79% | 3.19% | 2.79% | 2.39% | 1.29% |
| ATM Fee | 1.75% | 1.75% | Flat 4 € | Flat 4 € | Flat 4 € |
| Send Money Fee | 1% with $10 cap | 1% with $10 cap | 1% with $2 cap | 1% with $2 cap | 1% with $2 cap |
| Extra Currency Accounts | No | 1 | 2 | 3 | 3 |
| Flexible Transaction Limits | No | No | Yes | Yes | Yes
|
| VIP Account Manager | No | No | Yes | Yes | Yes |
| Discount | No | No | Yes | Yes | Yes |
| Limit Increases | No | No | Yes | Yes | Yes |
| Next Day Payouts | No | No | Yes | Yes | Yes |
As you can see, there are significant differences between each level. The rewards points can be cashed in, the foreign exchange fees drop, discounts keep climbing on deposits and withdrawals, and having dedicated account managers and next day payouts can really make a difference.
So, how does the Skrill VIP program compare? We will now have a closer look at what’s on offer with Skrill.
Skrill VIP Program
Skrill may be owned and operated by the same company as Neteller, but there are some significant differences in the VIP programs.
First, Skrill doesn’t have quite as many levels, and there are four in all – bronze, silver, gold, and diamond. Climbing these levels is a lot easier, too, with only $360,000 annually needing to be transferred to achieve the highest level as compared to Neteller’s $2,000,000.
But easier to achieve doesn’t necessarily mean it is equal in value. Let’s take a closer look at what each level offers on Skrill’s VIP program.
| Bronze (6k € per quarter) | Silver (15k € per quarter) | Gold (45k € per quarter) | Diamond (90k € per quarter) | |
| Multi-currency account | No | 1 | 2 | 3 |
| VIP account manager | No | No | Yes | Yes |
| Priority bank uploads | No | Yes | Yes | Yes |
| Dedicated 24/7 care | Yes | Yes | Yes | Yes |
| ATM fees | 1.80 € | Free | Free | Free |
| Send money fee | 1% with 10 € cap | 1% with 2 € cap | 1% with 2 € cap | 1% with 2 € cap |
| Card upload fee | 1.25% | Free | Free | Free |
| Bank withdrawal fee | 5.50 € | Free | Free | Free |
| FX rate | 3.79% | 2.89% | 2.59% | 1.99% |
This shows us that the rewards here are very competitive with what’s on offer at Neteller and achieving higher levels is easier, requiring much less capital flowing through the account.
So, Which of the Two Should I Choose? Which is Better?
Which you should choose depends on what you are looking for specifically as someone who deposits and withdraws online. In some respects, Neteller offers the better deal, and in others, Skrill offers more.
The following is a quick summary of what each does better than the other:
Neteller VIP Benefits
- Offers rewards points. These quickly add up and can be traded in for cash later.
- Offers next day payouts. These are handy if you need cash quickly.
- Offers guaranteed limit increases as you climb through the ranks of the program.
- Offers lower foreign exchange rates at its highest level. On the flip side, you need to transact a lot more to reach that level.
Skrill VIP Benefits
- Lower barriers to entry. You can climb the levels faster and by transacting less. You will be at the diamond level before you reach Neteller’s gold level.
- Offers free banking withdrawal fees.
- Offers personal account manager at a lower level than Neteller.
- Offers ATM withdrawals without any fee once silver level is reached.
Summary
So, which you stand to gain most from as a casino player really depends on your individual circumstances. For example, the limit increases, discounts, and next day payouts available with Neteller may be attractive if you deposit and withdraw larger amounts and need to access your cash quickly, whereas if you regularly hit up the ATM to get your winnings, then the free withdrawals offered by Skrill may suit you best.
Either way, it’s safe to say you will need to be a high roller before you even qualify for either of these programs. If you are, then consider them carefully, because it’s the little withdrawal, foreign exchange and ATM withdrawal fees that slowly eat away at your winnings.
Good luck and enjoy whichever VIP program you decide on!
