Chris Nguyen31 said:PayPal has lower margins for ATM cash withdrawals.
For $750, they take $4, whereas PayPal takes $1.80 for $250 (which is $5.40 if you do it three times).
So, it’s actually more affordable if you're withdrawing USD—say, while visiting Canada.
It really depends—are you an amateur or a pro?
If you're just an amateur pulling money once or twice a month, then maybe PayPal is fine—provided you can withdraw USD—but if you're playing at a more serious level, PayPal is five times better!
I’ve used both, and I'll tell you this: when I switched from PayPal to Neteller thinking it would be better, I ended up switching back after just two months because daily withdrawals via Neteller were eating my lunch!
Just look at a $5,000 figure—if you withdraw in Canada using USD, you’d do seven transactions of roughly $700 each, costing you $28 in fees with Neteller. But if you were withdrawing in local currency—let's say, through some other method—you'd be doing 7 or 8 transactions of similar value.
Instead of getting your full amount, you'd end up with less due to the exchange rate—plus that extra $28 fee!
With PayPal, if you aren't a VIP, you'd do 20 transactions of $250 in Canada, which costs you $36—unless, of course, you're a VIP, in which case it costs you nothing!
The difference is even wider elsewhere—where you might expect a certain amount but lose another $36 in fees unless you have that VIP status.
So, now you tell me—how is Neteller any better?