Neteller Online Casinos

Neteller is the most recognized e-money and e-wallet services in the world. NETELLER is owned by Optimal Payments PLC and headquartered in the Isle of Man in the British Islands, though the service was started in Canada in 1999. Because Optimal Payments is the ultimate owner of Neteller, the company trades on the London Stock Exchange under the call letters “OPAY”. Neteller offers stored-value and electronic payments to consumers in more than 180 nations worldwide, allowing people to transfer money from a website merchant to their own private accounts. These online vendors almost always are online gambling sites, so that NETeller and online gaming go hand-in-hand.

In fact, Neteller and online gambling was once almost synonymous. After starting to process gambling deposits and withdrawals in 2000, over 80% of the world’s gambling payments were processed through Neteller by 2005. The company reported $239 million in revenue in 2006 alone, an indication of the volume of payments being processed, since e-wallets only take a small fee out of each transaction.

Neteller may not have the towering profile it had in the online gambling industry 7 years ago, but it’s still one of the giants of the gaming world. In fact, you won’t find a web wallet trusted by more gamblers than Neteller. I assume many of those who had their funds frozen by the U.S. authorities probably cashed out and never looked back. With NETELLER out of the U.S. economic zone, you can expect no other such crisis will ever come about. If you don’t want to use a credit card or debit card to fund your gaming hobby, Europeans won’t find a more reliable service than Neteller. Since Neteller has 17 different major currencies you can use when you sign up and since you can upload money from your bank account, credit card account, POLi, Giropay, UKash, iDEAL, or e-Banking account, this really is the easiest way to pay casinos online.

Name the UK, European, or global online casino site and it uses Neteller. Just about any online software development company also wants to use Neteller’s services. This includes Microgaming, Playtech, IGT/Wagerworks, Cryptologic, and NetEnt. Those software design firms which accept USA players, such as Realtime Gaming, Rival Gaming, and TopGame Technology, are not going to have Neteller access, since Neteller very famously got out of the US market.

Instead of giving a dry recitation of casinos, I wanted to discuss everything Neteller gives to an online player. First of all, you can pay, spend, and play with a worry-free e-wallet that’s been handling transactions for more than a decade. While Neteller chose to diversify over the years by getting hooked into thousands of vendor websites and introducing prepaid cards, the company still does the online gambling industry better than any of its competitors.

Neteller had a partnership with MasterCard to bring customers what they called their award-winning “Net+ Prepaid Mastercard“. All customers had to do was sign up for an online Neteller payment account, then apply for the Net+ Prepaid MasterCard. Once accepted, players were able to transfer money over the Internet to you eWallet, which allowed them to fund their card. Then gamblers used the prepaid card anywhere MasterCard was accepted. This gave Neteller consumers a much wider range of pay options than they ever would have had before. Unfortunately, the card was discontinued in the last few months, citing lack of use. Given the benefits of Net-Plus Prepaid Mastercardm including low costs, the FSA-approved safety methods, and secure offline payment solutions, I would expect to see a similar prepaid card system appear from Neteller in the near future.

How Neteller Maintains Your Security

The Neteller’s patented secure online payment system uses a series of techniques to keep your money and your identity safe and security. First of all, the eWallet has secure payments online, so they’ll never pass your personal financial details on to the vendors they send money to. Neteller keeps your data safe.

Of course, that’s still a huge amount of revenue for a startup company that just started business 12 years ago. Neteller has moved its operations to the safety of the Isle of Man, while it continues to transact payments to and from online casino sites, online poker rooms, and Internet sports books. While the USA seems to view e-wallets for gambling as some kind of illegal money-laundering, the rest of the civilized world sees Neteller and the web-wallet companies as legitimate businesses which provide a valuable service to two willing parties in a cash transfer.

As it is, Neteller remains one of the largest and most widespread e-money companies on the Internet, while it’s certainly the best-known. Along with Moneybookers (now known as Skrill), Neteller is one of two money transfer companies used by every online casino on the Internet–except those sites which accept US players. Since Neteller is going to be found everywhere you would want to gamble (outside of America), I’m not going to give a dry rundown of the casino sites you’ll be able to use NETeller at. The fact is, you can use it at all of them. If you find an international casino website which doesn’t accept Neteller, I’d be concerned about that operator. Neteller might not meet the approval of American officials, but using the service is a mark of respectability in the online gambling industry. At the end of the day, Neteller is the proven best service at what it does, so long as officials full of their own power don’t interfere.