Neteller quarterly statutes
So far, the payment processor has published only on the set of new VIP statutes and their requirements. The most crucial change in Neteller is:
Statutes will be updated quarterly, not anually.
- In the new program, not only the payments made by the user to merchants will be considered, but all transactions (except for internal transfers).
- The number of statutes will remain unchanged (5), but Platinum will be removed, and the new Exclusive status will be the highest.
The new program will be rolled out on November 16, 2020, and the initial status will depend on the number of transactions made between November 1 and 15.
Comparison of new and old statutes
| Before | After the update | ||
| Status | Requirement (per year) | Status | Requirement (per quarter) |
| Bronze | $10,000 | Bronze | $6,000 |
| Silver | $50,000 | Silver | $15,000 |
| Gold | $100,000 | Gold | $45,000 |
| Platinum | $500,000 | Diamond | $150,000 |
| Diamond | $2,000,000 | Exclusive | $600,000 |
The tables show that the requirements for VIP statutes have increased, but more transactions are now taken into account. The payment processor also promises to provide users with more generous rewards after launching the new VIP status program.
Also read — Skrill will update its VIP program
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