Neteller alternative for iGaming and forex businesses

Neteller is a digital wallet and a checkout method that merchants accept from their customers. Narvi is a Finnish e-money institution that gives your company a dedicated IBAN for its own payments. Here's how they compare.

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The short answer. If you want your customers to pay you with Neteller, keep Neteller as a payment method. If you're looking for an account your company runs its own money through, Neteller isn't built for that, and Narvi is: a dedicated IBAN in your company's name, SEPA, SEPA Instant and Swift, with dedicated offers for iGaming and crypto businesses.Neteller's consumer account is for personal use, and Neteller for Business settles merchant balances out to the merchant's own bank account [3][4]. So most businesses that use Neteller still need an operating account somewhere. Every Neteller fact below comes from Neteller's or Paysafe's own documents as of 3 November 2026, linked at the end.
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Table comparing Neteller and Narvi on product type, licence, account, payment rails, fees, crypto and iGaming. Details are in the text below.
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At a glance

Neteller vs Narvi at a glance

Each number in brackets links to its source; the full list is at the end of the page.Provider and licence
  • Neteller: part of Paysafe. In the EEA it's provided by Paysafe Payment Solutions Limited, regulated by the Central Bank of Ireland; in the UK by Paysafe Financial Services Limited, authorised by the FCA [1][2][3]
  • Narvi (Narvi Payments Oy Ab): e-money institution supervised by the Finnish Financial Supervisory Authority (FIN-FSA), registration 3190214-6, passported across the EEA [10]
What it is
  • Neteller: a personal digital wallet; business use of a consumer account needs Neteller's written consent. Neteller for Business is a merchant account for accepting Neteller payments and paying out to wallets [3][4][7]
  • Narvi: a business account for your company's own payments, plus Banking-as-a-Service and white label [11][17]
Industry policy
  • Neteller: licensed gambling and forex merchants are accepted with the required permits; unlicensed gambling is prohibited [3][5]
  • Narvi: iGaming operators, platforms and affiliates, and crypto exchanges, custodians and OTC desks, go on a custom enterprise plan priced after compliance review [12][13][11]
Account
  • Neteller: the terms define your account as a card account and state it isn't a bank account [3]
  • Narvi: dedicated IBAN in your company's name, starting with FI, under Narvi's own BIC NARYFIH2 [14]
Payment rails
  • Neteller: transfers between Neteller accounts, withdrawals to your own bank account in 1 to 5 business days, and a Net+ prepaid Mastercard; merchant integration in 40+ currencies [6][7][9]
  • Narvi: SEPA and SEPA Instant 24/7, Instant at the SEPA price up to EUR 100,000 per payment, and Swift under Narvi's own BIC [15]
Fees
  • Neteller consumer wallet: 2.5% on most deposits, 2.99% on wallet-to-wallet transfers, 4.49% on currency exchange; merchant pricing is a tailored offer [4][6]
  • Narvi: one-time onboarding fee, a monthly fee by risk tier with three months paid up front, and a minimum balance of three monthly fees [11]
Crypto
  • Neteller: buy and sell crypto in the wallet; Paysafe announced a MiCA licence from the Central Bank of Ireland in April 2026 [8]
  • Narvi: a crypto OTC desk converts crypto to fiat and pays it into your account; IBANs hold fiat only [16]
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Wallet or account

A payment method or an operating account

Neteller is built around consumers: players and traders fund a wallet and pay merchants from it. For a merchant, Neteller for Business is a way to accept those payments and pay customers back, and balances are withdrawn to the merchant's own corporate bank account [4][7].That leaves the operating account question: where your company receives settlements from payment providers, pays suppliers, affiliates and staff, and holds its float. That's what a Narvi account is for, with a dedicated IBAN in your company's name [14].
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Industry policy

Built for iGaming and crypto businesses

Neteller accepts licensed gambling and forex merchants as long as they hold the required permits [5]. Narvi has dedicated offers for iGaming operators, platforms and affiliates and for crypto exchanges, custodians, OTC desks and DeFi entities [12][13]. They go on a custom enterprise plan, priced after compliance review [11]. Medium and high-risk tiers cover B2B payments only, so if you pay out to players or consumers, you need the enterprise plan, and we'll tell you that before you're priced.
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When to stay

When Neteller is the better choice

If your customers already hold Neteller wallets, offering Neteller at checkout and paying winnings or withdrawals back to those wallets is something an operating account can't replace [7]. Paysafe's merchant onboarding and API cover payments, payouts and refunds [7]. Many operators run both: Neteller as a payment method, and an operating account for everything else.
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How to switch

Switching from Neteller to Narvi

What to prepare. You'll need your company documents, details of your directors and owners, and a short description of where your money comes from and goes. The full document list is in our help centre.
  1. Book a short call with the onboarding team for a pricing estimate based on your business profile.
  2. Complete the online application, which takes about 10 minutes (step-by-step guide).
  3. Our compliance team reviews your documents and sends a priced offer.
  4. Fund the account: the onboarding fee, three months of monthly fees and a minimum balance of three monthly fees [11].
  5. Run both accounts in parallel. Move one payment flow at a time (customers, PSPs, payroll, suppliers) and send each counterparty your new IBAN and the BIC NARYFIH2.
  6. Close the old account only after the last inbound payment has landed, and check your Neteller agreement for notice periods and closing fees first.
Talk to the onboarding team
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FAQ

Frequently asked questions

Neteller's terms say the consumer account is for personal use, and business use needs Neteller's prior written consent. A personal account can't be converted into a Neteller for Business account.

No. Narvi gives your company a business account with a dedicated IBAN. If your customers pay with Neteller, you'd keep Neteller at checkout and settle into your operating account.

No. Narvi Payments Oy Ab is an e-money institution authorised by the Finnish Financial Supervisory Authority and passported across the EEA. It holds client funds separately from its own money, as EU e-money rules require.

Yes. Narvi has dedicated account offers for both. Crypto exchanges, payment services and other high-risk businesses go on a custom enterprise plan, priced after compliance review.

Narvi charges a one-time onboarding fee and a monthly fee set by your risk tier, with three months of fees paid up front. Enterprise clients are priced after compliance review. The tiers are on the pricing page.
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Get a dedicated FI IBAN in your company's nameOpen an account or talk to the onboarding team about your industry and payment flows.
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Sources

Sources

Last checked: 3 November 2026. Also compare Narvi with ConnectPay, Stable.com, payabl., IBAN4U, Genome, Paxum, Bilderlings or Kontist, or read our comparison of Wise, Revolut and other alternatives.
  1. Neteller support: which company serves my country
  2. Paysafe regulatory disclosures
  3. Neteller terms of use
  4. Neteller for Business support
  5. Paysafe digital wallet merchant terms
  6. Neteller fees
  7. Paysafe developer docs: Neteller
  8. Paysafe: Skrill and Neteller expand regulated crypto services (April 2026)
  9. Neteller support: bank withdrawals
  10. FIN-FSA register of supervised entities
  11. Narvi pricing
  12. Narvi for iGaming
  13. Narvi for Web3 and crypto
  14. Narvi dedicated IBAN
  15. Narvi SEPA Instant
  16. Narvi FAQ
  17. Narvi Banking-as-a-Service
  18. Narvi multi-user access
  19. Narvi for non-resident and cross-border companies
Swift is a trademark of S.W.I.F.T. SC.
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Narvi Payments Oy Ab is an Authorized Electronic Money Institution (EMI). Narvi’s EMI license is granted by the Finnish Financial Supervisory Authority (FIN FSA) with the registration number 3190214-6. Narvi’s license is passportised to all European Union countries.
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