Skrill Knect vs. NETELLER Reward Points
Both Skrill and NETELLER are money transfer companies that offer prepaid cards as well. While NETELLER has always had its loyalty program from the beginning, Skrill recently launched its own loyalty program called Skrill Knect. Today we’re going to tell you all about these programs and compare the two to see which company offers the best rewards.
How it’s works
Both NETELLER and Skrill offer their customers rewards in the form of points when people use their services to transfer or load money onto a card. These points can be saved up and redeemed in return for gift cards, cash or vouchers.
** Please note that you can only redeem points after you’ve registered for the program. All transactions you made before that time will not be rewarded.
How to register
Skrill and NETELLER have different manners of registration. Here is a quick how-to for both companies to register for their reward program. As you can see, it’s straightforward and requires no hassle at all!
Overall, both services are very similar in their loyalty programs. NETELLER, however, does not offer rewards for cryptocurrency transactions and P2P transfers. Still, NETELLER gives you more points for merchant deposits.
Skrill, on the other hand, does not offer VIP benefits and annual bonuses. Skrill also uses a maximum amount of points per transfer, which NETELLER does not. Skrill allows you to use your points until the end of the next calendar year, which can be 24, but also 12 months. NETELLER sticks to a set period of 14 months to use your points.
As you can see, Skrill uses Euro rather than Dollars. Keep this in mind when your conversion rate may look off.
|Skrill Knect||NETELLER Reward Points|
|Deposit||1 EUR – 1 point||1 USD – 1 point|
|Withdraw||1 EUR – 1 point||1 USD – 1 point|
|Prepaid Mastercard Transactions||1 EUR – 1 point||1 USD – 1 point|
|Transfer to Merchant||1 EUR – 0.25 points||1 USD – 1 point*|
|Maximum points per transaction||1000 points||No limits|
|Maximum points per month||500,000 points||No limits|
|Points use period||Until the end of the next calendar year||14 months|
|P2P transfer||1 EUR – 0.50 points||X|
|Sell/purchase of Cryptocurrencies||1 EUR – 1 point||
|Cryptocurrency transfer to other accounts||1 EUR – 0.50 points||
VIP Platinum: 1 USD – 1.25 points
VIP Diamond: 1 USD – 1.50 points
VIP Bronze (and Bronze Pro) – 1000 points
VIP Silver – 9000 points
VIP Gold – 10,000 points
VIP Platinum – 20,000 points
VIP Diamond – 50,000 points
Both eWallets are very profitable, though since you earn points by doing what you usually would do anyway: transferring cash. Below, you can find an accessible overview of the company comparisons.
*: Exceptions may apply, please check the NETELLER rules
How to spend the reward points?
You can exchange points in return for rewards, cash gifts, gift cards, and vouchers at the loyalty store of each website. Every country has a different assortment. The exchange rates vary depending on the total amount of points you want to exchange. However, the most popular exchange is cash.
Skrill Knect keeps a stable exchange rate of 1,00 points for each Euro. NETELLER, on the other hand, has a minimum cost of 1,265 points per dollar and a maximum fee of 1,680 points per dollar exchanged.
Choosing the best reward program for you mostly depends on the reasons you use these online wallets. If you often make P2P transfers or transfers to and from cryptocurrencies, then Skrill may be the best solution for you. On the other hand, if you prefer to enlist for a VIP program to earn even more, NETELLER may be more suitable for you.
In any case, both companies provide you with a lot of benefits on top of the regular transactions you perform. Choose the one you feel most comfortable with or pick them both! It’s entirely up to you.
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