A Look at the History of Neteller Casinos and How it Works
Neteller is a convenient way to pay for your online gaming. It is always provided as an option for making payments on Progress Play powered sites. It is in effect an e-wallet system which stores funds for you to use when making payments online.
Neteller was originally founded in Canada in 1999, before moving to the Isle of Man in 2004, largely as a result of the tightening of the regulations with regard to online gambling which were introduced around that time in the United States. Neteller had become one of the most popular payment methods used by online gamers to fund their play in the US, so the company was particularly hard hit by the new restrictions. In the early years of the 21st Century, up to 95% of the company’s revenue was derived from processing payments to online gaming firms, and the vast majority of its customers were Americans.
The transfer over to the UK protectorate of the Isle of Man saw it begin the attempt to diversify into a broader range of online trading, but it remains a very popular means of making online payments to online gaming sites in the United Kingdom and Europe. The company is now officially a British global payments company, and operates under the umbrella of the Paysafe Group, operators of the pre-payment card, Paysafecard.
It’s easy to get started with Neteller. You just need a valid e-mail account and unique password. You register these on the Neteller.com site, together with a few basic personal details like your name and address and you’re ready to go. You can make deposits to your new account using dozens of different methods. The easiest for most people is to use your bank account, debit or credit card.
This money can then be used to make payments online or sent to other Neteller customers. Money can also be received into your account directly from other merchants with Neteller accounts, such as refunds for unsuitable goods or gaming site withdrawals. You can then withdraw funds from your account by bank transfer, cheque, or using the company’s Net+ prepaid MasterCard at any ATM cash machine.
One of the main advantages of using the service is the fact that you do not need to disclose any of your own personal banking or financial information when paying for goods and services online. This is important for many people: the less often you have to input all these details and the fewer traders you share your information with, the less likely it is that your valuable details will fall into fraudulent hands.
The service is also free to most users. There is no charge for making payments using the service. Instead, the retailer or vendor pays a small fee for accepting your funds. There is often a small fee for uploading or withdrawing funds to your account, but there is always a free option. You can upload funds to your account without charge at your usual high street bank. The simplest way to withdraw funds from your account without charge is simply to spend it online to pay for your goods and services! Neteller can also provide a real world plastic pre-payment card for making payments in real world shops and restaurants, and to make cash withdrawals from any ATM.
You can use the service on any kind of internet compatible device. It is particularly useful when making payments with your mobile, because you don’t have to rummage around for your plastic card when out and about. Inputting all those numbers while in a crowded, sunlit area is neither secure nor convenient, whereas with Neteller, a couple of taps on the screen and you’re done.
It’s easy to make your deposits on Progress Play sites. Just look for the Neteller icon on your chosen site’s Banking page and you can make your payments in just a few seconds. As Neteller themselves might say, it’s swift, simple and secure.