Neteller has been and still is one of the leading e-money companies in the world since its creation in 1999. Because Neteller’s primary focus has been on online gambling, it has become not just a leader in the industry but somewhat of a pioneer. In the beginning you could say that this company had somewhat of a monopoly on the industry by processing payments for 75% of the gambling companies. As one of the world’s largest money transfer companies with a presence in over 200 countries, it’s easy to see why online gamers are committed to using this company.
Neteller was not spared the fate of other companies in the industry as its bottom line took a huge hit with the crackdown on online gambling in the U.S. Many companies suffered, but because gambling was such a huge part of their revenue base, they had to look to diversify and think out of the box. But being the biggest doesn’t necessarily mean being the best. Europeans and other regions still use Neteller as their go to company and it is still and industry leader with the online casinos.
There are really two types of transactions that go into your Netweller account, and that is money in and money out. There are many ways to deposit money such as debit card, credit card, local bank deposits, international bank transfers and others. You can also cash out of a merchant site and transfer the money directly to your Neteller account. Once you have money in your account and want to get it out then you can deposit funds to a specific site, use one of the withdrawal method such as the Net+ Virtual Prepaid MasterCard and even transfer to an individual. In many instances there is a fee for the transaction, so be sure to read up on the rules and fee system.
There are many advantages to using a company such as Neteller which include security, privacy and reputation as well as the casinos who offer bonuses and rewards that go with being a member. An industry leader, Neteller provides the peace of mind and confidence that you are working with a top of the line e-money company. Go to the website for more information and see what Neteller has to offer.