Netpoints from Neteller

[Mudcat]

Looks like I've got about 21 million of them. I don't know anything about them. Has anyone had any personal experience with the joy of Netpoints?

Help me out.

(If anyone is thinking, 'For crying out loud Mudcrap, you're a mod here. Do some research and you tell us!' I know, I know. That's where this could end up. But I was hoping I could get other people to do my work for me if at all possible).

[why]

I try the contests all the time, I have never won!

[tacomax]

I've got shedloads. You can use them to enter a weekly, bi-monthly or monthly draw to win some money. But even with millions of netpoints, the chances of winning a prize are slimmer than an anorexic.

For the monthly draw of $3000, it costs 5000 Netpoints for each entry so you could have 4200 entries. But there are currently 183K entries so the chances of you winning are about 2%. So the "worth" of your Netpoints based on those odds are about $60.

Pretty crap return for a lot of Neteller transactions.

But Mudcrap, you're a mod here. You could have done some research and told us that.

[Bill Dozer]

I always thought Neteller could do something better for their clients like a free InstaCash deposit after so many points are accumulated. Long shot contests seem a little out of character for a banking-type company.

[Captain K]

I'm kinda curious if anyone here has ever won one of Neteller's cash prize drawings. I never have. I'd rather be able to trade my Netpoints in for really cool Neteller gear. Kinda like Marlboro or Winston cigs used to do. Maybe some Neteller Panties for the girlfriend, a Neteller Fleece Jacket to wear to church on Sundays, you know, something useful.

[sjelveh]

i think those contests are a scam

[tacomax]

I always thought Neteller could do something better for their clients like a free InstaCash deposit after so many points are accumulated. Long shot contests seem a little out of character for a banking-type company.

Couldn't agree more.

21 million Netpoints equates to $2 million going in and out of the account. The fees that Neteller will charge the books/casinos/whoever for that will be huge - and they give the player a part of a draw worth $60.

At least give the player the chance to release the value of the Netpoints into something they might actually want.

[Bill Dozer]

Sjelveh,
I do think they are legitimate contests but the people who are winning $500 drawings are probably the high rollers who don't care a whole lot about it. Not the best advertising.

I'm with Captain K. I'll take the Neteller T-shirt

[pags11]

yeah, these points seem like BS...I like the idea of a free instacash transaction...or even a t-shirt like Bill said...

[David]

Can I sell my netpoints on ebay?

[freebie]

I never win from Neteller, I wonder where the hell do they post the names of the winners. It seems like scam to me too.

[tacomax]

I'll sell you mine, David. That'll give you an even bigger chance in the monthly draw.

[jjgold]

I never heard anyone win anything with Neteller points. I have some and have no clue what they mean

[Mudcat]

Here's the full info if anyone is interested.

It's better than nothing but blown away, I am not


I guess I'll get all my points into some draws. Might as well. I'll let the forum know what happens.

[tacomax]

I stuck 6 million in one of the draws and, surprise surprise, didn't win. I'm keeping my stash of them in the hope that they will actually let you cash them in for something worth having. Heck, if I wanted to enter a draw then I'd buy a fricking lottery ticket.

[Mudcat]

I'm keeping my stash of them in the hope that they will actually let you cash them in for something worth having.

That makes sense too.

[freebie]

They didn't mention anything about earning points transfering from Merchants to myself. It just said earning points sending money to merchants.
That doesn't sound good. I have to lose money and transfer money to merchant to earn points?

[tacomax]

freebie - You get the points on all monetary transactions and the rate is 1 Netpoint per $10. So if you transfer $1000 to a merchant, you earn 100 Netpoints. If they transfer $1000 back to you, you earn another 100 Netpoints.

[tacomax]

That makes sense too.

Mudcat, I think you should get the SBR team to badger Neteller and get them to sort it out.

[Terris]

yep im gonna keep them too, who knows maybe they offer something better later

[Doug]

This came up at Rx at least once. Some have won, not many. I haven't.

[denn333]

i almost won. i received an e mail from neteller saying i won the drawing. The next day i received another e mail saying there was an error and i didn't win. it was like a lot of my plays where i am winning the whole game and then get beat at the end...

[Illusion]

i almost won. i received an e mail from neteller saying i won the drawing. The next day i received another e mail saying there was an error and i didn't win. it was like a lot of my plays where i am winning the whole game and then get beat at the end...

Screw that, I would have made them pay me.

[aceking]

I actually won one a few months ago, so its no scam .

"Congratulations, You are NETeller's Bi-weekly contest winner for the last 2 weeks, you have recieved $1,000.00 USD."

[Illusion]

That's pretty cool. You are the first person I have ever seen that has actually won.

[Pedro]

freebie - You get the points on all monetary transactions and the rate is 1 Netpoint per $10. So if you transfer $1000 to a merchant, you earn 100 Netpoints. If they transfer $1000 back to you, you earn another 100 Netpoints.

Taco, you have it backwards.

You transfer $1 you get 10 Netpoints.

Just a clarification.

Pedro

[jjgold]

Well at least soemone has won here so its not a scam

[LVHerbie]

maybe everyone on this forum should dump their neteller points the same week and in the same drawing and see if anyone here wins...

[marc]

I also have milllions of these points. I used to to try using acouple of million points at a time to see if I could win anything, but it was just a waste of my time. A couple of years ago, there was a discussion within neteller to let people buy gifts with their neteller points, but that idea seems to have died.

I recall when Solid pay first came out, and tried advertising 1% cash back, at leasst 1 bookmaker complained that it would creat an incentive for players to always want to withdraw their winnings. Which is probably true. If you got 1% cahs back from neteller, than instead of having 20 million net points, you would have 20k cash. Thats certianly a lot of incent to maximize your deposits and withdrawals. So maybe that's why neteller is hesitant about giving away too much, because they are worried about how the merchants might react. But I think if and when the market becomes more competitive, neteller may have to rethink their player loyalty program.

[tacomax]

Taco, you have it backwards.

You transfer $1 you get 10 Netpoints.

Just a clarification.

Pedro

Well done on spotting my deliberate mistake. Nice to know that someone's paying attention.

[tacomax]

I also have milllions of these points. I used to to try using acouple of million points at a time to see if I could win anything, but it was just a waste of my time. A couple of years ago, there was a discussion within neteller to let people buy gifts with their neteller points, but that idea seems to have died.

I recall when Solid pay first came out, and tried advertising 1% cash back, at leasst 1 bookmaker complained that it would creat an incentive for players to always want to withdraw their winnings. Which is probably true. If you got 1% cahs back from neteller, than instead of having 20 million net points, you would have 20k cash. Thats certianly a lot of incent to maximize your deposits and withdrawals. So maybe that's why neteller is hesitant about giving away too much, because they are worried about how the merchants might react. But I think if and when the market becomes more competitive, neteller may have to rethink their player loyalty program.

Good point. But with a 1% cashback then everyone and hs wife would be milking that one. Mudcat's 20 million points relates to $2 million of turnover and those points being put into the monthly draw are worth about $60. That works out to 0.003% "cashback" - I don't think anyone's going to turnover $2 million for the sake of cashing in their Netpoints for a Neteller T-shirt or whatever.

I hope they have a re-think and allow people to exchange their Netpoints for something worth having.

[moses millsap]

I've wasted millions and millions of NetPoints entering those drawings.

[why]

aceking, nice to see someone actually won, congrats! I will give you 10,000 points for a $1, lol.